Background is in Investor Relations and portfolio management focused on energy stocks. Always looking for opportunities to learn & share more.
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What a beautiful post!
You are a gift.
Sure!
A secondary offering is a company-led sale of equity (shares). It's a secondary in that it follows the initial offering (IPO).
Much of the time such sales drive the share price down considerably as the process points to dilution which is often the enemy of a shareholder.
I'm down about $50,000 today because of secondaries. Not fun but part of the process.
Absolutely the case!
I added to my cash pile strongly today, anticipating RCEL opportunities.
18 cents hardly turns me on. Capital appreciation does.
This is the follow-on missive I just sent to the dear friend at the center of my previous post here at the Avita board. I'm posting it as I can appreciate the difficulties people are having to face in these uncertain times. We have issues coming at us from all possible directions---Covid-19, racial inequality, inability to connect with our chosen houses of worship, job insecurity, general health concerns for ourselves and/or others dependent upon us, financial uncertainties, political angst---you name it, it's waiting for the artist-of-life to paint the next color applying same to the canvas of life itself.....
I understand but here's something to look at squarely:
By selling out you remove the possibility of redemption.
RCEL WILL be fine. It's the shaky people who are the threat here---not the company or its technology.
Why are you listening to scared people? Are they deserving of your respect?
By closing out your account you close your opportunity to celebrate a better day. Rethink your action, I implore you.
A dear friend liquidated his position in Avita, I just learned. This is painful for me as he's an exceedingly passionate soul and has been a wonderful partner in the RCEL ride.
Following is the note I just sent him.....
XXXXX
I sure wish you hadn't done that! I see only good things happening in RCEL, it's just a matter of time for the investment community to sort things out.
We know the technology is incredibly promising and extraordinarily effective in an ever-broadening array of applications.
Those of us still as confident as ever will inherit the Earth.
With the move to redomicile in the U.S. now assured, I'm wondering what pressures will be brought to bear by the investment community?
The proposed reverse merger remains a major question mark to be sure. Building out offices and additional salespeople will require more funding. Ongoing clinical trials as well as yet undisclosed applications for the kits will cost a lot of money.
I'm expecting a secondary offering announcement any day now. The very thought of it is painful as a couple of my current investments are in that process now. But such is life when living in the fast track as we do.
Your opinions would be most welcome!.
That's what I'd thought but I don't know everything.
Thanks.
That share price strikes me as quite reasonable. I hadn't seen the number so thanks for it.
I was surprised that MNLO saw need for a money raise but I trust management to act in our best interest.
Positive media coverage points to deeply undervalued shares. I've not seen info that was new to me so I'm comfortable being of the opinion that I'm sufficiently knowledgeable here.
Should shares swing lower in the morning I'll be adding yet again.
For the record my cost basis is $1.81 so any time I can add in that area, I certainly will.
I'm extremely confident holding MNLO .
This secondary has opportunity all over it.
I've picked up several thousand shares in after hours, at $1.85 to $1.89.
I'd be happy to pay $2.05 as I did earlier in the week. As it happens, very strong expectations in terms of share pricing are gradually emerging. Seeking Alpha just came out with an analysis this week and that item points to other responsible media coverage.
This is one I dare not let get away!
This is truly a super jittery market and beating up on deserving picks seems to go with these challenging times.
Good luck.
Thanks for doing that and sharing with us. Valuable!
Doesn't that beg the question:
How aware are people when it comes to knowing about RCEL and Japan's enormous potential for us longs?
Such a beautiful round-up you've provided. I'm sure it will be especially meaningful for folks new to this stock. And it should help longs here obtain a simpler, clearer view of a future we all expect and it's rational! lol
It's very interesting to me that you look at stocks with a doubling of value representing the ideal and logical performance requirement. I've been doing precisely the same thing for many years but had never known of others doing the same thing.
Yesterday I wrote a note to a cyber friend explaining my reasons for adding to an already strong position. I stated flatly that it made no sense in my mind to keep money in any stock when I see a double (at least) within the coming 12 months. I further said that most investors would be absolutely delighted to find a doubling of their investment occurring within a 12 month span.
I recently built my RCEL position back up to 62,000 shares. I'd like to bring it up additionally but think it'd be wise to wait and watch to see what happens when the reverse comes into play. If shares don't succombe to the potential short shark attack, I'll simply bite the bullet and add at whatever price I must accept. After all, Avita's value remains a constant regardless of shark attacks.
Great chewing on this with you! I'm sure others will appreciate your thoughts and comments.
Allow me to second that!
Need I say that when RCEL hits $11, we'll all be considerably happier? lol
I'm patient, have been adding on dips down in the $5+ range. But I'm sensing those $5.70 buys are firmly in the past as we appear to be edging higher. I've been thinking we're moving higher in anticipation of a firmer support what with the redomicile effort in concluding stages.
I think you're making bold and very wise moves. Great fortune to you!
That's a very bold move.
I hope it all works out for you!
Am a bit surprised that you preempted the possibility of a shark attack on RCEL when the reverse split takes effect. I trust you decided you wanted to secure your position in Avita and went for it.
That's a gutsy move if it's what was going on in your mind.
The very best of good fortune to you!
Missing the bottom is more often than not the case for me too, so I'm not surprised you would as well. Most of the shares I added this morning were at $2.05 with a hundred or so a penny higher. It really doesn't mean anything as my eye is focused on future success, not anything historical in nature. Something I learned long ago is that there's no future in history.
Your tending to your kids' education is about the most noble thing you could do, given current pressures brought to bear on a civilization freaking out due to the onslaught of Covid-19. So what if you spent another hundred $ dollars or so to strengthen your grip on your family's future welfare?
If I'm right, Menlo shares will be fetching $12 or greater a year out from here. And if I'm wrong? I'll accept whatever life hands us. $10 would be fine. $8 would be a virtual quadrupling from here. Really, we are six feet above ground and free to choose much of what is important to us.
Stay on course and enjoy the hell out of it!
No, it wasn't I who/what executed that buy. And I'd never spend that kind of money anywhere near the closing bell, knowing there's many opportunities in ah and pre-market trading.
Also, I rarely buy more than a thousand to two thousand shares of MNLO in any single trade.
In possible answer to your question--- I know there are many stupid people out there trying to prove they are truly deserving of the name---Investor.
That buy was possibly one such desperate individual.
You took a long time answering my question. To satisfy another part of your curiosity--- I've wanted to understand your thoughts on the subject. It had nothing to do with judgments or anything else of such mundane value, at least to me. I simply wondered what you found interesting.
Thanks for finally letting it out.
lol
P.S. Looks like MNLO is starting to get a little respect around here! Shares are recovering a tad.
How are you interpreting this?
Does it suggest to you that investors will be flocking into MNLO ownership opportunity?
Were investors sitting next to the closing bell waiting to pounce after a disappointing day for longs?
I'd appreciate your filling in the blanks a bit.
Thanks.
I'm watching.
Thanks for thevl transfusion.
I know, been around the block many times.
I hope you make it.
Are you really seeing a near term future in a company bent upon acquiring theaters at a time when people can't even attend them?
I think it's a bit farfetched and hope you'll reconsider.
In recognition of those following my stock market moves, I'd like to point this out:
After shifting $20,000 to my brokerage account this morning via ACH, I'm realizing that it would be smart for me to hold off taking action in Avita Land until the redomicile effort has concluded.
Some here maintain the stock will decline demonstrably once the change of address has become a completed transaction. This, along with the reverse merger (5:1) brings a potentially substantial question into the mix.
What I'm seeing is this:
If RCEL should drop today or any day leading up to the release of official domicile approval along with the reverse split that will reduce a hundred shares of today to just twenty shares following approvals--- should I add on weakness now?
Speaking only for myself---I'm holding for the moment. Can shares drop following the reverse? Of course, they can! But they could rise too!
The reverse is not more than a realigning of biomed stocks. Nobody is springing a surprise on us. It's merely an accommodation of sorts, one which our company's management believes will be in our best interest.
I'm ok with this. And if some shareholders (shorts?) try to bring us down? Well, it's nothing new as it's their agenda all the time. But penny stocks often become targets of short attacks. That, especially here at IHUB, leads me to think we may suffer a sudden decline in share value. I won't have a sense for potential share price damage until I get to witness firsthand early trades following the official redomicile conclusion.
So then, for the moment I remain in holding position, awaiting shifting fundamentals. One thing we do know for sure is that these fundamentals will, most assuredly, occur as they must. Things are in motion and now we simply await the settling of things already in process.
More as we find greater clarity. But I've got $20K locked and loaded and if opportunity emerges I'll swoop down and go for the biggest swallow I can get.
Burpingly yours,
Jugs
Great to find you sharing!
Thank you for that.
The upgrade from Canter Fitzgerald was to be expected although not so quickly. Apparently their analyst was prepared in either eventuality.
I'm setting up funds today so as to enable me to add another 5,000 shares out of the chute Monday, preferably in premarket .
This is a no brainer for me. I'm convinced we're heading towards $12 within a year or less. As more analysts come on board we are going to see leaps and bounds.
One drug newly commercialized is great. But two? And make that 2 out of 2? Without any FDA objections?
This is not at all typical of how things go. And for that reason I can't just sit around motionless like so many others do. This is the time to act and I'm determined to follow thru..
The best of good fortune to you!
No, sellers got a steady move up all week. Looks to me like they cashed out before the weekend. These are extremely uncertain times so it's understandable.
I added four thousand shares at the lower end of the channel. I lost a few bucks but I'm looking forward to next week.
I'm sure we all are!
Old statistics we've all seen before.
Are you trying to say something?
Aren't you overlooking the effect of Goldilox and the four bagels in this age of four bearance?
Let's also not forget to salute artificiality too!
I love stoopid.
As some prolly would expect, I've been buying shares of RCEL this morning.
Added a couple of thousands of shares at $5.98 up to $6.03, mostly in the $6 spot.
I could not be more certain that this one is bracing for a breakout.
It represents such important technologies involving burn care, pediatric and Japan approvals likely fairly soon...I don't see how it could lose.
As for the change of domicile? I'm not a penny trader and don't buy into such empty-headed trading approaches. However---if enough others do try to bring lower prices into range upon the redomiciling approval--- I'll reopen the vault and load up additionally.
Good luck everybody! And please share your experiences.
Thanks.
I'm with you on this as I also don't believe the company will be pushing shareholders to vote. Reminds me of years ago when people carried placards on sticks while marching on polling grounds.
I just don't see that happening with our medical device company.
I like what you're saying
Jump now or forever regret that you didn't.
This stock has so much going for it, and it is currently incredibly undervalued.
Reminds me of a line I coined many years ago:
"I never met a profit I didn't like!"
Not possible as it can't jump down further.
Really?
lol
I think it's looking great for a swing trade of short duration. But I'm not considering selling just yet. Holding a tiny position of 510 shares with a gain of nearly $1,200---and having fun for sure.
Completely agree with you.
They established that they want to realign our share price so as to be more realistically priced as it finds its place among other well established entities. Their thought is that we'/ll be pricing in the $27 to $30 range and be in good company.
As I view it, I'm seeing window dressing and nothing more. But it's what management believes will be beneficial so I haven't any say in it. And if shares drop when the reverse occurs, I'll be a buyer.
Thank you so very much for giving as you do!
Art, some will say, is perfect as it's born in one's imagination.
Science will never be quite so perfect.
Reading some posts here reminds me that only a closed mind believes it has all the right answers.
I'm smart enough to recognize I'm too dumb to even consider the possibility that I have all the right answers.
So I'll settle for being stupid. But I'm happy, healthy, and have peace of mind.
I'm also a cancer survivor given 12 months to live. That was seven years ago .
These have been the best years of my eight decades long life.