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Going to do a few in depth DD pages this weekend for this stock and have them stickied so all can see them. There will be no hype, pumping what so ever in them, I don't do that, just real DD and what this company has, is facing going forward and who is involved with the company and why.
Too many people out there spouting things they haven't a clue about to cover their short, get shares that someone else who invested in the stock deserve to reap the benefit from as they took the chance and now that their investment is set to grow exponentially over the next 6 months someone wants to push lies and fear to talk them out of them, I hate that stuff, its like stealing the pocket book of someones grandmother on the way to church on Easter Sunday.
I hate nothing more than a two bit hustler stealing, yes, stealing someones shares by lying and pushing falsities and fear.
So by Sunday afternoon all will be here and available so all can make an informed decision just one investor to another. Because this is a winner, a serious stone cold winner, life changer for many if one invests and doesn't try and play the trade game or listen to hipsters pushing garbage.
Not just me saying so but 6 analysts from top firms that before this approval for FMX1 and before the second application for approval for the FMX3 with an approval date set for June was even in play had an avg price target of $14 and one of the most respected investors in the world is a peer of Warren Buffet many call him the WB of Biotech's Joseph Edlelman is an investor to the tune of 7.7% of the company.
So don't listen the arm chair QB's or me, just read the DD do some of your own, think about it, use common sense and then you can make a decision for yourself on what you feel not me, not the analysts and definitely not hustlers, who I find it hard to understand how they can put one foot in front of the other without falling down.
And as I always say, don't try and play the thing, don't chase it, wait for the flippers and the shorts bid sit them, they are coming, oh they are coming, take the shorts shares and thank him.
Everyone should take the time and spend an hour or two on this thing, read the DD do some of your own, on your own and spend some time thinking using your common sense and a calendar be an investor not a chaser, this one is definitely worth the time. and if/when you do get even a little you put in a coffee can, a shoe box, cookie jar or a sock drawer may not help a lot but its does some put you shares good till cancelled sell @30-35 rules say they should not be able to be loaned for shorting then, maybe it will help maybe it won't.
But, at the end of the day it won't matter solid $20-30 by June IMO just by using common sense the DD and calendar. This is the second biotech I have invested in in 5 years I don't get in many, they are risky and most its like literally doing %'s.
Everyone that knows me, knows I like for sure things and go all in, rarely do biotech's give that opportunity, I fell this like the other does, its just that easy, common sense wins every time.
Peace out.
That is meaningless the market cap versus the revenues reported as of July. It is because everyone know what they will be the next and the next much higher growing exponentially and what is coming the stock is building to that, its called a time thing. Everyone know what it will be, stocks are by nature speculative unless they are stocks with dividends.
Then I will ask myself is it realistic what I am paying for this stock now with such and such dilution.
This stock as with others of its type is and has been based on its future and has climbed slowly and accordingly to such. People are investing for what it happening in the next 3 months 4 months 6 months and the biggie 11 months when overnight revenues at a bare minimum double as juveniles, if you do your DD far surpass adults in scalds/burns etc. As well a contract with the US government BARDA is already signed and ready for fulfillment the minute that juvenile approval comes through, which has congressmen pushing for its approval.
It was added to an amendment by a congresswoman from Indiana and specifically ReCell was brought up on the floor of the United States congress and the need to fast track juvenile approval so these BARDA orders could be filled. Also if you do your DD you will see the pipeline is full full and did I say full. Its a biotech company it is priced for where its going and is never disappoints.
Show me on biotech company that comes through and has a full pipeline of for sures like Avita Medical does that is not priced somewhat for its future sales, business etc.
In that regard Avita is priced fair extremely fair compared to others in the space.
Do some digging, if you need a finger to point you in the right direction PM me, I got you.
This stock is not overpriced or in possession of a market cap beyond its future, far from it, it hasn't gotten high enough, but it does slow, steady and sure. You are but one of many that worried at 3 then worried at 4 then worried at 5 there is no worry for myself not a care in the world. Now if I was holding a stock like TSLA with a book value in the 20's priced @240 with 20 Billion in debt and rising I would worry but here? Never it is priced fairly and appropriately for its future and will rise fairly and appropriately.
Do the DD really dig.
Peace out.
It may test 7's once or twice may not, its how stocks build strength filling all the gaps as it rises, some sell a few on each leg it achieves other add or start a position on that same leg.
Did it from 2-3 then 3-4 then 4-5 then 5-6 then 6-7 then 7-8 nod now with 8-9 it will do the same thing, laying solid oak floors all the way up.
Rock solid 10 by Xmas 20 by mid/late summer then its a whole new ball game when juvenile approval comes in.
Revs will double overnight no VAC's to wade through and the BARDA contract can finally be filled, then bye bye birdie.
IMHO the next very significant happening not that there will not be others like the yet again 100% increase in revenues and more burn centers added now that their VAC reviews are done, this it the timeline for that windfall to start happening , btw.
But the most significant next happening is the JPMDA approval that has many positive things tied to it, including the possible Japanese government purchase of a supply right from the jump to have on hand for the Olympic Games, in the first PR when we partnered with the Japanese firm M# through their subsidiary Cosmotec. This is one of if not the most important reason why they put ReCell on the fast track approval route.
https://www.forbes.com/companies/m3/#6021a3e95703
In Japan to do business as with most Asian countries you must partner with a home company in the country itself. The could not have picked a better company.
https://cosmotec.com/english/
I mentioned this months ago, never really spoke much about ti since, but just prior to announcing the deal with ReCell the received a license to manufacture medical devices. To me this was very telling, they could/should produce ReCell for sale not only in Japan but South Korea first and foremost but the rest of Asia as well.
No import headaches to Japan and easier sales made throughout Asia, just an opinion, putting the pieces together.
https://cosmotec.com/english/
As always if you start or add a position do on the dip, this is an investment and has been since the jump its all I get involved with to this extent. It could test 7 all stocks test as they climb the mountain you just be there to take their place.
Peace out.
$FOMX This will be a living breathing animal from Monday on with catalyst and investors and tutes coming from all sides when not expected. People think it is only internet traders that will/are going to shape this thing, no no no, been to this dance to many times. I am not not as interested in traders or pushes etc as I am the accumulation by tutes they collect shares like baseball cards and over short periods of time the stock goes up and never comes back.
In the coming months in between this approval and the next will be start of manufacture, completions of sales teams than their deployment with commercial launch, successive Q's with rapid revenue growth 100's% QoQ growth, 13G's, 13D's, analyst upgrades, articles, write ups the build up to FMX 103 approval, more conferences with serious investors like the Cowen one everyone who stays along is in for one hell of a neck jerking ride the next 7 months will be mind boggling indeed never a dull moment that's for sure. Add up every thing that will happen, then everything that probably happen then look at the amount of time til FOMX 103 approval add the weeks and then the catalysts that will happen in that time frame................................................ never a dull moment watch.
Peace out.
It could happen, been in both, before on Friday or after on Monday is a roll of the dice.
Yeah I mistyped by the time I got back to it was to late.
People can see it in the PR pretty much right there.
Doesn't negate the fact that it changes the landscape.
A beautiful day in all the neighborhoods, but FRAN is top prize today
30 next Q
Peace out.
It is, its a nice one, they are hard to find on OTC where you can sleep at night and not worry.
$FOMX This not only puts regular investors on notice the game has changed but funds as well, and those three analysts I would not be surprised not even slightly for one or more to come out with update today/tomorrow on PT. IMHO. 2 in a day, please.
As Maxine Waters says...............................Everybody woke now.
Right on right on 100% gain per month $1 Feb 10 Dec doesn't get any better marching up the hill.
For sure, they wouldn't have wasted their time, this group has been with all the top pharma's has the bio-tech whisperer Joseph Edelman holding 7.7% and to some extent advising no doubt IMHO. This was planned IMHO opening day conference etc.
As well I highly doubt the application would have been accepted were they jumping the gun, this is serious thing, not a willy nilly, ahhhh lets try see if we get it.
Love the conference opening today Dr's there get the tech, get what it will mean, no the market and its size and they are also people who make a lot of $$ and do invest. IMHO we will get some new longs added to the game over the next two days.
We shall see.
Peace out.
Yep, it has to start at the price it ended in Australia, that's just how the rules are laid out, first. But something driving it, IMHO, might be more tute accumulation but that is speculation.
$10 by Xmas strong solid as a rock.
Application filed for second product FMX 103 with same day for approval October 20.
8K for material event : PR on application for approval o second product
https://last10k.com/sec-filings/fomx/0001178913-19-002482.htm?utm_source=stocktwits&utm_medium=forum&utm_campaign=8K&utm_term=fomx
PR
http://www.globenewswire.com/news-release/2019/10/17/1931120/0/en/Foamix-Announces-FDA-Acceptance-of-its-New-Drug-Application-for-FMX103-Minocycline-Foam-for-the-Treatment-of-Moderate-to-Severe-Papulopustular-Rosacea.html
Always is same stock same price.
2019 Fall Clinical Dermatology Conference Starts Today FOMX will be presenting results from clinical trials of FMX 101 and FMX 103
http://www.foamix.com/pipeline
Thursday, October 17, 2019 - Sunday, October 20, 2019
http://www.cvent.com/events/2019-fall-clinical-dermatology-conference-/event-summary-0db212a1be874717a8c156a4e20c718b.aspx?dvce=1
Excellent management team with deep backgrounds in pharma game
CEO and CCO with Azur Pharma
Azur Pharma (acquired by Jazz Pharma 2011)
https://en.wikipedia.org/wiki/Jazz_Pharmaceuticals
CFO with Pfizer
CSO with Leo Pharma
https://en.wikipedia.org/wiki/Leo_Pharma
Others have been at many top pharma players and tie board of directors forget about it.
Serious players in the field worth doing some DD.
http://www.foamix.com/who-we-are/management
Peace out.
An excellent read of DD compiled by a fellow investor.
Worth taking a minute.
https://rezamusic.yolasite.com/fomx.php
Short sellers/hedge funds not shareholders.
$FOMX Cash and cash equivalence as of the end of the second quarter of this year were $70 million.
Announced on July 30 that we have secured up to an additional $64 million in capital from two of their investors, Perceptive Advisors and OrbiMed.
The financing consistent term loans of up to $50 million under a credit agreement in which they received $15 million immediately at the closing of the transaction and they may receive an additional $20 million upon the achievement of certain of regulatory milestones and a further $15 million upon the achievement of the certain revenue milestones.
Additionally, they secured $14 million in gross proceeds Perceptive Advisors through a direct register offering of ordinary shares.
Sales force in, trademarks registered patents done, ready to start up the manufacturing machinery.
TICK TOCK
Peace out.
This should be a lesson to people, never listen to day traders, they lie.
Shaking out the suckers and we will continue , can test .80 today with right volume, hedges will be slapping again.
NP wasn't sure if you guys were aware this one has catalyst on top of catalyst, for days, everything thing going for it Edleman (Buffet of BioTechs) in it for 7.7% three analyst firms totally on board loving the thing and all bases covered, winner winner chicken dinner IMHO.
Peace out.
IMHO at this stage, it doesn't really matter, although I am not a chart guy/daytrader etc do follow the big movers and jump on when set ups are there, because that is what those big traders look for. Those set ups that can do the parabolic shuffle and they take $1 stocks to 30 because of chart/indicators and nothing else.
A vote in December has zero to do with anything and no way they just ignore this set up, its a thing of beauty sitting right at the edge of coming out of that cloud hedges already covering to protect gains its a given IMHO a ride shall be occurring, of that I have no doubt.
Investor in me also thinks does not matter one iota, but what will happen in the next day/two days will have zero to do with any of that. It has been a monster in the making and a monster it is, time to flip the switch and let the current run through Frankenstein, buckle up IMHO.
Peace out.
It shall no doubt, this has multiple catalysts and has been planned out carefully, the patents, trademarks, sales force built, $70 million in
3 major catalyst coming
FMX101 FDA Approval Oct 20
FMX103 FDA Acceptance Any Day
FMX101 Commercial Launch, we will get a pricing plan that will give us a snapshot for projected sales
$70m Cash On Hand, Manufacturing, Marketing, and Sales Ready for Launch Expeditiously
*Vegas Dermatology Show Oct 17-20 this weekend they haven't missed a trick. Breakfast is ready sit down and put your napkin on your lap and pass the toast.
And three analysts absolutely over the moon for them and Bio Tech whisperer in for 7.7% of the company, this is like the no brainer of no brainers.
We got this.
It will be in a week, if it takes that long.
He doesn't get it, they never do, known a thousand just like him, hell more than that probably.
What a meeting that is going to happen 2 months from now that has zero to do with anything right now, and if some retail short, oh well, just like told them 2,3,4,5 days ago, hedges are covering and will continue to do so. .
Anything can happen in 2 months anything literally and with 10's of millions to bank unrealized gains on you think it will all come to a screeching halt on a meeting 2 months from now?
They are still at the pint where unrealized gains must be banked, 2 months is a long time for hedges with 10's of millions of shares, too long, that's why they been covering for a while now, continuously.
That "curve ball" is nothing to them, they live in today's world not daytrader/retail short land and they will again eat people lunch if they bail, try and short etc, that PR means no more to them than the man in the moon. LOL
They are risking 10's of millions and you think that tells them, okay Frank Bob, Joe we are safe now Johnny retail is coming to save us LOL.
Just the curve ball for 2 months from now that we needed whew that was close one.
Cash rising with every Dress barn closed, losses dropping with every Dress barn closed, BK off the table, Lane/Justice sale could happen anytime but that curve ball saved our bacon, lets party, where are the hookers and blow, who's up to go to Scores?
When the market market opens back up will continue same as it has been, AH/PM for nothing shares means just that nothing but kids playing catch waiting for mom to finish dinner.
$FOMX 3 major catalyst coming
??FMX101 FDA Approval Oct 20
??FMX103 FDA Acceptance Any Day
??FMX101 Commercial Launch, we will get a pricing plan that will give us a snapshot for projected sales
*$70m Cash On Hand, Manufacturing, Marketing, and Sales Ready for Launch Expeditiously
*Vegas Dermatology Show Oct 17-20
What does it matter? Its been worked on for what 2 months now, its 50 pages long, its for a meeting 2 months from now. Its a normal course of doing business, like it matter release today tomorrow next week, big money doesn't care what will be 2 months from now, that won't even matter.
What are you a daytrader?
Peace out.
Exactly and its a December thing anyway, just like de-listing fears a nothing burger.
Peace out
For sure it will be in compliance within 2 weeks, but had to be included to vote on in Dec in case needed in Jan had to have it in case to protect the listing.
I am not bothered by 2 months from now LOL it won't matter in a week or less.
Yeah by 2 months from now when its voted on won't be an issue, but, had to put up, its a public company have to put the protection against delisting in Jan up.
Obviously not an issue.
Peace out
Going to watch some telly will read rest of it in the AM long ass document voting on a ton of stuff.
Glad they did that, was a necessary move to protect the stock, but, won't be needed plenty of time. Had to be put forward and voted on.
Down in the details is this plain as day, many vote and never need it.
More than enough time but a prudent move none the less to have it there, in case, though i cannot understand why they would need it. But, then again this was put together long before the stock started appreciating.
Our Board has determined that it is in the best interests of the Company and its stockholders to maintain the listing of Ascena common stock on Nasdaq. We may not be able to regain compliance with the Bid Price Rule unless we effect the Reverse Stock Split. ""Our Board recommends approval of the proposed Reverse Stock Split Amendment so that the Reverse Stock Split may be implemented to the extent necessary to maintain the listing of our common stock on The Nasdaq Global Select Market.""
Happy dance in effect will be different ticker added to ASNA happy dance next week LOL
LOL not for long.
Yep thats when it will go parabolic this is good enough for today then tomorrow closer then Thursday BOOM
500K ask slap was telling, hedges switching gears? May be just a lets get her done by a couple they start doing that with regularity its on.
Cold be a large buyer too, either way speaks volumes...........................................................................................................................................
One would be prudent to grab a piece of this on a dip, just something for the kids, they been good this year.
Catalyst on deck, no two catalyst on deck.
To start this fellow owns 7.7% and he has a clue when it comes to the bio tech game.
https://www.forbes.com/sites/nathanvardi/2018/04/10/a-sixth-sense-for-biotech-has-made-joe-edelman-a-hedge-fund-star/#3b7a91bc55e9
Funds like it are hard on it and its almost like a no brainer.
https://finance.yahoo.com/news/3-top-biotech-stocks-major-041721066.html
Patents already til 2037
And then a word from Seeking Alpha today.
https://seekingalpha.com/article/4296603-foamix-pharmaceuticals-managing-position-around-fmx101s-pdufa
Peace out.