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I think you found something significant. I hadn’t compared the wording between the filings. What your saying makes sense to me and explains why we are so far below what others had determined was the conversion floor. Thanks m.
I’m curious who has the financing to hold this “long term.” I did the math, if I held my initial position in this stock from just two years ago, of about $13,000, it would now be worth about $1.24. Are you actually suggesting that you have been invested long term with this stock and expect to see a profit? How do you average down to keep up with this?
Thanks m, wanted to point that out myself about how the bal was dropped.
I agree he is qualified. That doesn’t speak to his competence or possibly being overworked. My perspective is that the “evidence” you use to support your chess theory is equally qualified as evidence he’s currently out of his depth. I hope you are right, I fear that I am right. I don’t mean to be offensive.
Every time you say “yet” as if that refutes what is said. Of course it’s for sale... that has been put on the table for the first time publicly, and you use it like it’s been there all along. But whatever...
Because he is not a CFO; he may be a good doctor but he is wearing way more hats than he has head space for. Thus the poor communication etc etc etc... poorly ran company is a much easier and believable explanation than the razor thin “merger delayed for some reason.” This much delay would be more like collusion and illegal activity between companies.
Over the period of time this has been going on none of that is performance in my opinion, especially when there is no communication on any of that regarding a status. Not saying SB hasn’t done ANYTHING, but he has performed VERY poorly. Saying he can’t communicate because of pending M&A/B O doesn’t cut it. And financially I’m sick of looking at the auditors warning that without CFO there isn’t enough command and control. That is definitely going to matter to anyone looking to buy as this drags out. Time value of money on this puppy- beware.
Sonny Bal probably didn’t have VP sign non-compete. Occam’s razor. I have seen lots of evidence that SB is a poor CEO and lousy communicator. This hypothesis makes way more sense than the spiders web of connections that point to a buy out. Sadly it is now; at fire sale prices due to his and the boards leadership. I bought 4000 shares at .58 not very long ago, but this cat doesn’t bounce not because of naked shorting but because no one wants to buy it. That is straight up SB and boards leadership. Period. Not rocket science.
They take it down to .57 to get their cheap shares, and at what share price do you suppose they will be willing to sell all those shares at? 10% profit? 25%? Sounds like it might be a pretty big wall keeping this stock down in the pennies. The story looks like it is just going to repeat history here. jmho
How the buyback will be done was announced, if you did DD the math would give you a time frame for completion. A long time. If you invested on your interpretation of imminent; go ahead and just keep whining.
Am I seeing this right?? Not a single share traded yet today?
1.9 million traded today per E*TRADE and yahoo. What the heck are you talking about?
Maybe CEO/CFO is too overwhelmed to get things done timely, assuming he has financial grasp of situation. Just saying. Man I wish I had set money aside to buy today!!!
I am open to your points, that is why I question him having as many roles. We need more oversite is kind of what I’m saying.
No, another valid theory is CEO is, well, looking shady shall we say. I don’t think M&A scenario excuses such horrid communication. And are you telling me that a decent CEO couldn’t manage to keep share price from this kind of abuse for this long?? I have been following this long enough to believe he is NOT fit to have as many roles in this company as he has. That is my stand.
I’m glad you can laugh about it. I thank you for your levity and opinions on this. Keep it real.
Let’s not belittle each other. The spread is created by the lack of BUYERS. Not by mms. That is what I am saying. Any other theory is conspiracy. That is what I believe. You are entitled to believe whatever you wish. We all just trying to make money and understand where this is likely to go. No one makes money if price just stays here.
MMS don’t hide. They just create price movement which creates profit. Market mechanics. Shorters got us here, along with company management. Let’s hope enough still need to cover to get us back up above 2 this week.
Everybody capitulate here? I didn’t think this could get here this fast! I think the only reason there hasn’t been annual meeting because they know their butts are in trouble. They better find a buyer at this point. Glta. I still think there is a bounce coming.... but I do your own DD, just my opinion.
Fwiw my AON order for 400 at 1.97 just filled. I’m surprised. Hope it was weak hands or a crazy short. :)
My second thought is maybe earnings are gonna be released soon and he thinks that is really going to dump the price so he made his move now... we are all just winging it here, but someone is bound to be right, right??!! Probably something will come out Friday after hours... ya know. Just love this guy.
Yeah, I’ve seen that opinion for the past two years. I don’t think Sonny is done yet though. Only positive idea I have on it is that if he isn’t working on something big before annual meeting, he better get his a$$ handed to him.
Any possible additional positive news on the horizon? This was just fugly.
As a former smoker who was able to quit cold turkey, and from a family of smokers, there is no smoking cessation drug that works without the willpower to kick the addiction. A product that isn’t addicting from the start is the only way to go. Seems like a no brainer to me. The only question is if the FDA really wants to do the right thing, or just something.
Sorry, maybe I should clarify that sales figure was last quarter of 2017, right?
Sales of approximately $407,000 in last quarter, just how much stock do people realistically think they can buy without putting the company at risk? That figure is sales, not profit... Take a breather and understand this buyback is going to be over time, maybe a long time by some standards. Those expecting to be millionaires next month should probably start getting out while the company is buying... I bought 4 mil. at .0003 and going to sell some if we make it to a half a penny and I’m not expecting that for 6 months at the earliest. If they close the doors, I risked $1200 and I think the odds are better than Vegas. All just imho. glta
When this hits 600,000,000 shares traded today that will equal about $180,000 in money changing hands. I don’t think anyone has invested the farm here. Sheesh. Just putting things in perspective.
I’ll be watching to buy back in for a bounce in the $1.50 range. SB’s communication to shareholders is going to put this back in penny stocks I think. Chart is even worse than after the first RS. I for one do not blame MM for CEO mistakes. No excuse for how horrible this guy communicates to shareholders. Blaming that like everything else on an imminent buy out is just rose colored glass.
E*TRADE the same... weird.
lol looks like someone already panic sold 1500 shares at 2.50. Omg!
Preliminary S-1 released, here we go again.
Nice bump up from the Analyst upgrade today
No, one report says past 8 years, the other says since 2008.. which was 10 years ago thus possible two years additional time frame in one report than the other. Just saying I don’t see those roses there.
There’s almost two years difference in that comparison. A bit shady to say 5000 of difference was in the last quarter. That’s how I’m reading it.
Honeycomb, all your bearish arguments against this stock are as astute as all your bullish arguments were that were not that long ago. Happy new year all.
I have been noticing in even regular orders getting dropped, even shows up in the level 2. I’m done with them.
There it is, RS positive and no news from company. That’s all the proof I need this is not an investment but a bad gamble. Communication this bad is just mind boggling to me.
This mountain looks like a hill of circumstantial evidence to me. But really hope I'm wrong and you all get a big payday. I'll buy back in when risk gets reduced, if I miss the rocket then it won't be the first and probably not the last!
No updates for three months. Company has long history of poor communication. Maybe nothing happening behind the scenes and only thing floating this stock is the remaining dreamers. Zimmers news today about new knee implant doesn't sound hopeful that way. IMO.
$15000 invested pre last reverse split at perfect .08 cents a share now worth about $4000. Stall tactic has been going on for almost a year now. Slowest B. O. or Merger scenario announcement in history. I'll take my chances with waiting on the sidelines until RS voted yay or nay...