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Thanks for keeping us informed.
And sorry for the lack of a reply earlier, I clearly got a bit excited. I hope all the logistical issues start to clear up for you --- there is a light at the end of the tunnel I am sure.
BAA
Support the bid, don't try to force the price up.
Magna will not allow it until it's ready.
TRTC
Trading precisely as expected today. Looks good. Nothing to be alarmed about in the slightest.
This was a much needed pullback for the chart's health... reset the technical and consolidate a bit before next leg.
TRTC
I wish it (the degree) was transferable.
Biomedical engineering degree for sale lads, auction starts at $30K! -- You think I'm joking? The Fed messed up the economy with whirlybird and benji-bernanK
BAA
Expecting the bounce to be in around .111 (the 20/50MA), maybe consolidate in the .11s for a bit unless Magna pushes this down to facilitate their accum-to-offload cycle, thereby funding the buildout in Nevada.
TRTC
While you're at it can you check for entry level biomedical engineer. Rutgers B.S. as well.
BAA
Not trying to bash but let's be honest: there is some significant toxic debt outstanding, much of which was only recently issued to fund operations. This does not scratch the surface of the capital that will be required to get the Nevada facilities up and running at a self-sustaining cash flow.
The OS was 269M as of the end of Q3 and the subsequent events section indicates that there has been significant issuance of common shares since then at much lower prices than today's close. Knowledge of this, combined with the convertible notes and warrants, sure make your comment seem preposterous at best.
I still like this company and believe in where it's headed. I just think that most of the longs here have unreasonably optimistic short-term expectations, especially for tomorrow. Absurdly positive expectations are the key ingredient for disappointment. Stop proactively disappointing the newbies.
Wtf no rs lol. Revenue is going to boom. Around 250 mil os. Maybe a little more absolutely no need for rs
Looks very solid. Holding very comfortably here today.
First day I didn't get a flip in so maybe a little too comfy.
AEZS
News: AEZS raised to speculative buy from hold by cannacord genuity
BIG LOL @ the organized sellers trying to take this down on Friday. Enjoy the sidelines.
AEZS
Good video other than the fact that the MMs closed it at 0.057 with legit volume: 126K block -- not 100 share paint at 0.0531
Doesn't matter to me but it might to your followers.
AEZS
Great find, thank you!
http://www.heavyliftpfi.com/news/alistair-moves-cat-to-drc.html
has safely transported a Caterpillar 6015 excavator
The unit was disassembled and loaded onto six trucks for transport, which transited from South Africa through Botswana, Zambia, Tanzania and Burundi before being offloaded in the eastern DRC. The project was executed on behalf of Namoya Corporation.
BAA
AEZS WEBCAST -- 8:30AM:
http://www.aezsinc.com/en/page.php?p=64
-- You can arrive 15 min early
6K is same as an 8K but from a foreign filer.
AEZS
Earnings out:
http://finance.yahoo.com/news/aeterna-zentaris-reports-third-quarter-220000488.html
Strong fundamentals; dilution from Series B Warrants substantially ended
All amounts are in US Dollars
Third quarter key developments
Saizen® promotional activities show early promise
EstroGel® year-over-year new-prescription growth continues ahead of the market in the Company's territories
Zoptrex™ (zoptarelin doxorubicin) receives DSMB recommendation to continue ZoptEC Phase 3 clinical program to completion following review of the final interim efficacy and safety data (after quarter end)
Zoptrex™ meets Phase 2 Primary Endpoint in Men with Heavily Pretreated Castration- and Taxane-Resistant Prostate Cancer
Optimized Erk-Inhibitor Compound Selected for Further Development
Company announces restructuring of Financial Team and closing of Quebec City office (after quarter end)
Series B Share Purchase Warrants substantially eliminated (after quarter end)
Zoptrex™ achieved its primary endpoint and demonstrated good tolerability during this early-stage study. The primary endpoint was Clinical Benefit, defined as remaining progression-free by RECIST and Prostate Specific Antigen after treatment for 12+ weeks. Shortly after quarter end, we received very encouraging news regarding Zoptrex™ when, following a comprehensive review of the final interim efficacy and safety data, the DSMB recommended that we continue the ZoptEC Phase 3 clinical study to its conclusion. We look forward to the successful completion of the clinical development of ZoptrexTM for our initial indication over the next year."
Thanks for replies guys. Are earnings/CC before open of after market close?
Anyone else worried about profit taking tomorrow?
Tempted to sell and reload next week.
TRTC
I would absolutely hate not to be in this when the news hits.
This is the main reason I didn't flip when gold dropped... which, I'll repeat, is the only thing that took this thing down - but it held up remarkably well considering.
BAA
...Now 293 Ounces Of Paper Gold For Every-Ounce-Of-Physical As Comex Registered Gold Hits New Low
http://www.zerohedge.com/news/2015-11-04/there-are-now-293-ounces-paper-gold-every-ounce-physical-comex-registered-gold-hits-
BAA
Impressive revenues here and a still - dare I say it - a reasonable price here after the debt is completely diluted into the SS.
Once the choke collar comes off this baby should run free again.
RXMD
Thanks for the heads up. Same to Sage.
RS is not always bad... it's bad when it involves a cash-strapped company that is burning cash and regularly sells equity to raise funds to operate. AEZS fits this scenario but the caveat is that the company is currently valued well-below any reasonably explicable market cap.
It's good when a company like BAA simply wants to augment their OS a bit, but doesn't need to sell shares to finance its operations.
AEZS
The real question is the value of the warrants before conversion at 0.0541
When they were convertible at .27 the value was .70+
If that ratio holds then they can still sell the shares converted at 0.0541 for their break-even investment value at 0.0208 which would suck for all of us. I like to think they are more greedy than that though.
AEZS
"number of shares issuable per warrant" cap is 33.23 @ VWAP 0.0541
that is what my post was about.
GLTA
AEZS
Based on a maximum 33.23 shares per series B and the known OS of warrants and commons on September 21st and September 30th, we can figure out how much dilution is left and when warrant conversions will be done.
I'll go with Sept. 21st since I know the numbers without looking:
OS: 363.5M
Series B outstanding: 10.8M
Maximum conversion rate until Nov 17th = 33.23shares/warrant @ lowest VWAP 0.0541 (first achieved by end of day today)
10.8 * 33.23 ~= 359M common
Fully diluted OS = 722M
According to finviz, most recent OS was 567M
http://finviz.com/quote.ashx?t=AEZS
-- this is in line with the conversions and OS given by the company as of Sept. 30th
And we know that they weren't converting at minimum VWAP. They have been naked shorting and covering through conversions since (I assume) they are only allowed to hold a maximum 20% of the common OS at any time.
I estimated that the final OS would be closer to 670-700M shares. Which means that this final convert can be held entirely by the converters. Around 140M shares which they will want to sell for max gain.
AEZS
The 5-day avg VWAP within the past 15 days has to be 0.0541 to be rock-bottom for Series B warrant conversions.
As of today - assuming VWAP at/below ~0.0504 - the lowest possible conversion price has been reached.
I am expecting a pop as the warrant holders will want to sell their converted shares for max profits. They will be able to convert at 0.0541 until November 11th/12th regardless of how high the price gets.
Given that they are nearly out of warrants, I suspect that this time they are looking to make big gains and I am holding to see how the next few days play out.
AEZS
EDITED: The lack of volume is pretty amazing as there are literally no sellers left and quite clearly plenty of people looking to load or buy back their position.
This is a situation I refer to as "stealth bulls". Everyone is sitting on the bid or waiting to put in a buy order while praying for price to come down. Stealth bulls has a tendency to light a fire under the share price once it starts to rise.
Going to leave him behind like k, dw, and db before him.
BAA
I'm so comfortable with having money in BAA right now that I have hardly been watching it at all -- which explains my lack of posting and the lack of posting from other invested longs, I'm sure.
Just keeping some tabs on spot gold and I am liking what I am seeing.
BAA
BAA recent insider trades (buys)
source: https://m.canadianinsider.com/company?menu_tickersearch=baa
Good find, thanks for heads up. I'll update post of recent insider buys.
BAA
Yawnnn! That is entirely irrelevant to any of us right now. You might as well be telling that to the wall as you watch the paint dry.
BAA
Lol. Eom
Just sitting back and enjoying the long awaited ride toward rational value.
BAA
All the longs floated off on cloud 9.
Weekly chart breaking 50WMA and setting up beautifully (for news?)
BAA
Is it even legal for these actions to be taken?
The board has a significant conflict of interest - likely being counted amongst the 51%, if not closely related/affiliated.
"Oh, you know what, we are just going to increase the convertability from 1 share to 5 so we will need to increase the A/S. After we finish pillaging we will R/S and start the theft-cycle over again"
JALA holla
Couldnt agree more. Someone should tell db - wait I already did.
BAA
BAA weekly chart: ready for breakout next week.
Looks like another long weekend of waiting for the fun to begin again. Gotta keep busy.
Link to 3-month range (zoom-in): http://schrts.co/yfSnU3
Of note - forgot to mention - nice bounce of the 10 WMA
BAA
Thanks, not here to mess around, bro.
Said a few days ago it wouldn't stay teens long if it can break below .20 -- and if it did break below .2 it would move to test MAs and cool the chart.
Chart is cool and we're ready to go next week. I am a big fan of the weekly chart now.. I will post it in my next response to you. I noticed it was setup to close this week at ~.212 which is the 50 weekly moving average... was going to call that too but didn't want to jinx it.
BAA
I appreciate the chart instead of just elliot wave comments.
Still think there is more to any of the gold-related equities than the wave theory. Spot gold can move violently and disrupt these patterns.
But don't take my word for it, ask 'db' -- he's going to load BAA at .13 soon; I just finished blowing him a kiss goodbye
BAA
This is almost the same action that was happening in IBI0 as it was knocked down post-Ebola to .30s on incessant blackbox algos. After a few months it popped to $1.2
Also, this chart is reminiscent of FNMA as it came off .2s to $1 then .5 to $7
BAA
I have seen this only a handful of times before, it has always preceded very large moves in the share price in relatively short periods of time.
This is how I would load a significant amount of shares without alarming retail and I believe that is exactly what we are seeing so my ears are perked for sure.
BAA
An explosive move is coming here shortly.
I'm surprised no one has mentioned the incessant 100-share trades happening above the bid. Something large (e.g. an instituition/whale) is loading and it certainly seems to be happy to take whatever it can get without causing a massive move (for now).
So much for that epic "5th elliot wave to .13" that db was hilariously calling for.
BAA