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Yes, it is out tonight and I am expecting at least 2,000,000 newly shorted shares for a new total short interest of around 26,000,000...the pps has been slammed hard since 3/28 by someone other than frustrated longs.
Thanks insideoutsideupside. The increased vote of confidence is notable, as is the additional $5 million investment. I don't think the next institution will get this pps for huge blocks of NAVB stock.
Excellent post. I had the exact same thought. The company does not need $5 million from the sale of more shares. They have a $50 million line of credit and Lymphoseek revenues will be generated sooner than later.
If NAVB had asked JPM for a premium price of 2.79 and JM had refused, that would have made a good PR. If JPM had paid 2.79 THAT WOULD HAVE BEEN THE RIGHT MOVE AND ONLY ACCEPTABLE PLAY HERE! What the heck is the company doing and thinking?!
The fact that the company sold a huge chunk of stock for current market price (WHICH IS A THREE TIME TESTED LOW) does not impress me one bit.
To increase shareholder value, the offering price should have been at least 2.68 or 2.73 for that many shares.
If these new 2 million shares are used for shorting, the company is shooting themselves and us in the foot - and that's sure how it seems.
Thoughts? The Oldtimers do not seem concerned about this offering.
The market is performing terribly right now and the last thing I would want to invest in tomorrow would be mutual funds. I think the indices are all going to be trending down a minimum of 10% heading into Summer. I believe the DOW could be under 12,000 by summer's end...Why should the markets keep soaring? Unemployment and the Federal deficit are so enormous that the DOW never should have seen 13,000 in 2013 imo.
NAVB on the other hand, has been battered by shorts and weak hands since the FDA aprproval of Lymphoseek but this is really an amazing buying opportunity imo for investors who have been folowing the history of the company for the past 5 years.. 2.60 for a stock with one product for sale and 3 others in development? This is a terrific bargain.
What if another product is added to the pipeline within 3 months?
What if a bidding war develops to buy out Navidea outright?
What if Lymphoseek sales exceed expectations and estimates?
What if the market wakes up to NAVB and we see a 12,000,000 share day when the next major catalysts comes THAT TRIGGERS REAL SHORT COVERING?
I see no any other stock that could explode overnight like this one.
I think JADA has a bright future and will emerge as a winner once the auditing is complete and the company reinvents itself through new PRs and a new website to update investors as to what has developed over the past 2 years. I do not believe it is already over for JADA.
Numerous insider buys...and a pps that goes nowhere. Eventually, we will be rewarded or disgusted.
Which is it Ray?
There is a good possibility a relationship exists between the newly acquired blocks SL-8A-10 and SL 8B-10 in Sierra Leon next to HDY. Some experts Speculate that Chevron and Noble went with these after viewing the HDY 3D because they have been in the HDY data room and that they are part of the 8 bidding on HDY blocks.
Only a matter of time before word gets out.
Exciting times.
GLTA.
Ray - we need an update NOW!
Great post casperboo. HDY is about to wake up. I'm glad others agree with me.
Nicely put. All of the borderline bashing and negativity makes me wonder why some posters here even bother with HDY if they have so little faith.
.56 will not be revisited - DAMN RIGHT!
Some thoughts:
If Ray and his talented directors believe in HDY still, there should be substantial INSIDER BUYING coming soon to a theater near you. 50,000 shares purchased by 5 insiders each totaling AT LEAST 250,000 new insider buy shares would be significant imo. Ray has the power to start a real turnaround for the stock, but he needs to throw new investors some solid reasons to buy HDY. Insiders buys are one such reason.
But if the shorts have not started covering yet, watch out. The conservative trader in me says they should have covered the morning the pps hit 1.01. If they have not covered yet, I suspect that they want to drive the pps under 1.00 and will then raise it back over 1.00 when they cover. I expect a real decrease in the HDY short interest when the next report comes out.
We shall see. The short clearly does not fear a buyout if they have not covered in this pps range under 1.50.
FWIW, I also think HDY is grossly oversold right now and should be much closer to 1.75 IF FOR NO OTHER REASON than the fact that the completion of Sabu-1 drilling ensures that HDY has the concession for 4 more years. $45 million in the bank is nice, but not enough to get HDY to the next well.
I am quite disgusted overall with HDY, but more so for loyal longs that have seen their portfolios hammered hard by HDY for months now (I'm an HDY trader, not an HDY investor). I bought 5,000 shares at 1.31 this week and immediately HDY goes down, just like anytime I buy it - but the gains always come.
Ever since the offering at 5.00, HDY has had difficulty holding the 5.00 shareprice. Any argument with this?
Did the 10,000,000 shares at 3.00 go through and get finalized?
Like so many have noted, ever increasing gas prices will keep HDY on the map.
Let us hope the new 3D additional data the company has been gathering leads them to a better drilling site with better results next time. I don't believe for one second Ray and company will survive a second dry hole, though I do believe they will have the opportunity to drill a second well - and they darn well better show progress toward it and the actual start of such a second WELL, FAR BEFORE 2013! As months of nothing newly accomplished by Ray tick by, so will the pps decline imo.
GLTA.
RL CANNOT afford to be silent. His inaction at present is killing the shareprice. Did he have a plan B for a dry hole at Sabu-1 or did he just believe all of his own BS too much?
For him to have stated that they weren't looking for commercial oil to sell from this first well, I have to ask the obvious everyday until I get a sensible answer:
WHY DRILL SABU-1 FIRST WHEN THE COMPANY IS SHORT ON CASH OVERALL. WHY NOT INSTEAD DRILL IN THE ABSOLUTE MOST PROMISING LOCATION WHERE THE 3D INDICATES THE ABSOLUTE BEST CHANCE OF FINDING OIL THAT WILL BE DISCOVERED AND MARKETED?
Afterall, such a discovery from the first such successful well would have undoubtedly funded wells #2 and #3 and who knows how many more. As it is, his first shot at the dart board missed and his opportunity to even take another shot may come after HDY sees .25 again. PATHETIC. Four more years of concession rights means nothing if he doesn't get the ball rolling to try again.
HDY should OWN the Jasper Explorer for all of the harm this drilling company did to HDY. No joke. It would be the perfect settlement for all of their failures, which I also suspect the shorts may have influenced.
Well, Ray's head still appears to be stuck.
I see so many of my old friends from IV here, how especially nice to be reunited with those that didn't like my sentiment about RL's head being stuck in his fhole when HDY slid to 3.24 one day back in April. Now HDY is not even 1.24 and I'm sure all the IV folks who are here too, still have tremendous faith in him. If he said the sky was purple and pink, you'd believe him. Not me.
I think he worked with the shorts and deliberately withheld important information on his own failures and delays which allowed the shorts to pound HDY for weeks PRIOR to the official dry hole announcement. Think about it whiz kids, don't you think the pps should have been increasing, if only slightly, IN ANTICIPATION of the results? I believe he leaked the dry hole reality to shorts before shareholders and the shorts now control HDY stock more than RL controls the concession.
No matter how you label it, his head is stuck again. Good luck getting it out this time.
Not looking good here today.
Unbelievable.
I added 20,000 today.
Holding 79,000 shares...
Indeed.
If we all buy at .14 and all sell at .18 several hundred times, the gains will be huge. LOL.
I want to see the company start diving a darn about the company.
A PR is most overdue at this point, especially a shareholder update about how they want to increase shareholder value.
Wishful thinking?
Great indeed, as is this comeback. Congratulations to all buyers from the .15-.16 range as well.
GLTA.
FWIW, I'll chime in that I think it was also a buy.
The trade went through at the high of the day. This is significant in itself.
The interesting thing is that someone was willing to sell such a large block at .1798...This could mean that there will be less resistance in the .18 range starting Monday 1/3.
If any PR comes out with a positive tone (and the sooner the better given this welcome upswing in price), the .14s are forever gone imo, and good riddance to them.
Well put. I'm not nearly as concerned about shares purchased above .20 now. One PR from this company with accompanying promotion by a third party (or parties) :) and this little gem is gonna run run run. Did anyone see CHINA (CDC software) jump from 3.18 two days ago to 3.88 yesterday on an article mentioning? JADA could and SHOULD be next.
Happy New Year to all.
Nice turnaround. CONGRATULATIONS to all that were buying this week at .138-.145...
Crack out the Champagne boys!
BID .145
ASK .15
LOL.
I will never understand how the high volume was maintained above 500,000 shares daily for so many weeks at .138-.15 when the float is only 50 million shares.
I got back in to VMGI today for 800,000 shares at .0005 as the last trade of the day for the stock. Warner Brothers sounds promising to me, and this stock in general has had some nice rides. I expect promotional activity early in 2011 and retook a position accordingly. I may buy more.
GLTA.
Absolutely well put Chesterfield - and I want the said PR to come in January 2011, not one second into February. WHY? Because if they wait until February, the JADA pps could slip under .10 IMO as new buying in 2011 could make JADA a great speculative play all over again like in 2010.
We do seem to have strong support at .14 though, even if stockta.com doesn't always recognize such. Even if it does take 2 whole months, I'm confident that buyers at .14 will be well rewarded.
Happy New Year to all.
POST 3713 had better stay up!
That's better.
FWIW, I added 25,000 shares today.
15,000 in the IRA split bewteen .142 and .145.
10,000 in my brokerage account at .145.
Imagine the impact of a PR that said the company was expanding into vertical markets to further penetrate the Jade market in the PRC.
If the company gives a rats F*CK about the shareprice, they will release a PR of some type to kick off the new year by January 31, 2011. If they do not, my expectations for the Q4 will not be very high. And for that matter, for all of 2011. They need to do SOMETHING IMO.
I do expect some upward pps movement when the new year starts, even if the company itself doesn't give a damn about their own shareprice.
Thoughts?
Can anyone offer intelligent speculation here as to when the company will release the next PR, whatever it may contain?
When is the next quarterly report due?
What milestone is expected to be reported on next?
I've been called a brave soul for buying at .1811 by a few folks here. I've been considering getting more brave and grabbing a 20,000 share block in the .145-.155 range...As oil prices continue to increase, I like to think that we will see some shareprice appreciation.
As for shareholder appreciation, the company can stop rubbing itself anytime and tell us something. Oil is a much better fuel than a sexual lubricant.
Merry Christmas.
Thanks for all responses, public and private folks.
ERHE is another one that I'm considering getting another 20,000 shares of at these 52-week lows.
A few pharmaceuticals that I am into and firmly believe in are NEOP (currently 1.91) and BVTI (currently .94). They could easily see 5.00 this year on FDA news.
Merry Christmas and GLTA.
Question which I invite responses to:
If you were totally out of JADA, and with all information that you have of the company's past share price performance (.13 - 1.09) in 2010, would you buy a large block of 30K or 40K shares now in the .13-.15 range because you believe that better days are coming?
I am considering doing just that. I am not out of JADA though. I hold 9,000 shares at an average of .284...
How nice it would be for the company to promote itself in early 2011 when new year stock speculation is at a height...
This is farking disgusting. EOM.
Speaking just for myself (and maybe many others) I'm much more interested in hearing that Virtual Ed. Link, at long last, has a contract in place, rather than new updates that detail the everchanging share structure of a failing company.
What's next? Another PR about a reverse split? Another PR about increasing shareholder value? Another PR that reads in part, "while we have zero revenue, we are trying as hard as we can...and as for the dividend shares, we intend to release them to all shareholders by 2029. Of course, if 2029 doesn't pan out, 2045 should be definite."
Responses containing laughter can be sent as a PM. LOL.
Is it true that this company has drilled 5 wells and has yet to disclose the oil status for each? This sounds like the stock could rocket on good news for even one well. At the same time, if all 5 wells were dry and they publicly said so, ERHE would be under .01...
I only hold 6,000 shares of ERHE, but can never understand how or why it trades the way it does. Recently, the trend has been gradually (and slowly) down - yet in September, .28 seemed cheap.
What the heck is the current status here?
TIA.
Agreed. The next quarterly report comes out around 2/17?
How many other companies does anyone know of that only release quarterly reports? I'm getting rather F*CKED off here with this stock. If it wasn't for thestreet.com, I wouldn't be surprised if we had tested .10 by now - yes, I mean it. I see that stockta.com shows support at .14...that doesn't impress me. Though the resistance up to .31 doesn't look that heavy.
I'd like to see the company start 2011 with website updates and shareholder updates. Am I asking too much?
Thanks for your responses Mike2005, Ajaxxx, and Michigan.
I like to think we'll see a nice rebound here with decent news. Time will tell. I remember when ERHE was .28 and thinking that was a bargain...LOL.
GLTA.
Greetings all. I added 3,000 shares today at .1811 and I see I'm down already at the new 52-week low. I have successfully traded ERHE on a small scale this year. My other block, purchased prior to today within the past month was 3,000 shares at .215...Does this thing have a bottom?
There IS oil all over the place off the coast of Africa. HDY might be hitting it big real soon and other companies are reporting that they have found oil...What the heck is holding ERHE back?
I remember when this was trading at .70...........
Does anyone have a response or reaction to the PR from this past week? One thing it does not spell out is how the spinoff company will allow VYON shareholders access to their VYON investment money.
If the new company is a private company, no transfer of shares in any ratio is possible. Viyya seems to be moving forward...Same great product, new name and new company. If so, then we better see some results soon John. Your first spinoff did next to nothing for the VYON investor. Yes, some of us traded VRED and made money there AND ACTUALLY made more money there than with VYON - how pathetic.
I want to see some results THAT FAVOR THE VIYYA SHAREHOLDER from this most recent spinoff QUICKER THAN FAST. Enough is enough.
So this is what an up day looks like! Congratulations boys.
Let the turnaround continue.
An up day would certainly be nice in the forseeable future...