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I don't think they can afford to alienate all their noteholders, vendors and previous lawsuit, someone will sue them. Will Host want to maintain a relationship with a company engaged in litigation that stands to taint their Brand?
I think not.
D
N, your chance to get back in coming up shortly. LOL.
Helicos BioSciences Expands Its License with Arizona Technology Enterprises Covering Next Generation Sequencing; New Patents Continue to Issue
CAMBRIDGE, Mass., Aug 30, 2011 (BUSINESS WIRE) -- Helicos BioSciences Corporation (otcqb:HLCS.PK) announced today that it has amended its existing license with Arizona Technology Enterprises (AzTE) to include all activities that fall within the scope of, or constitute the practice of, the licensed patents, and gives Helicos full and unencumbered rights to the associated intellectual property. The license, which gives Helicos rights to several patents covering sequencing-by-synthesis methods, now expressly includes detection methods that do not rely on optically-labeled nucleotides.
"The expanded license is another example of Helicos's successful strategy of systematically expanding its IP portfolio. The newly acquired rights will be an important asset in our licensing and IP monetization efforts that include the active litigation announced previously." stated Dr. Ivan Trifunovich, President and CEO of Helicos. "In addition to the expanded license, Helicos continues to increase the depth and breadth of company's patent estate through newly issued patents and a large number of important patent applications in process. As we witness the rapid expansion of next generation sequencing applications covered by our patents in the research and molecular diagnostic (MDx) fields, we intend to maximize the return to our stakeholders through a licensing program and IP enforcement mechanisms." continued Dr. Trifunovich.
In 2011, 8 Helicos's patents were issued or allowed, and more than a dozen patent applications were filed. For example, U.S. patent No. 7,875,440 (currently the subject of an inter parties reexamination by the USPTO based upon the request of Life Technologies Corporation), entitled "Method of determining the nucleotide sequence of oligonucleotides and DNA molecules", which derives from an existing foundational invention with a very early priority date of May 1998, and U.S. patent No. 7,897,345 entitled "Short Cycle Methods for Sequencing Polynucleotides". Both patents contain very broad claims that cover the very core chemistry of most major next generation sequencing platforms. Another example is U.S. patent 7,948,625, titled "Apparatus and Methods for Analyzing Samples", which covers instrument claims on a lighting system for detecting samples that includes 2 light sources.
http://ir.helicosbio.com/secfiling.cfm?filingid=1104659-11-49461
I think this a question that Tivus or IR needs to answer. Don't want to speculate on something so important.
D
It's the 15 x's increase in OS in less than a year that is ugly, not the 300mil per se.
Foot race about to end. Push has come to shove. What's next Tivus?
D
Neither, it is ~40mil shy of current O/S 241 mil - 40 mil ~201 mil
D
Be cautious, they've done it twice before, prior to RM with TIVU. SP was CEO of Max WiFi prior to RM when last RS was done. Not to mention the number of 504's they have engaged for financing.
Not saying TIVU chill is inevitable, just that there is some history here.
Uplist and fully reporting should put these questions to rest.
Get it done Tivus.
D
Funny, this morning saw in the papers that Venetian in LV is now using facial recognition to identify audience viewing display ads on screens, then adjusts ads accordingly.
I am not the one who pulled up a two month old post, trying to make a point.
You are right, nothing goes as planned, both the good and the bad, that was the essence of conveying one to be cautious.
I have stated here that I would reserve much further comment as long as Steve maintains communication with me. I have honered that. However, if you wish to challenge some of the concerns I will be happy to oblige.
FYI, I am long TIVU. Go Tivus, be a shark!
D
Thanks for reminding us of what to be cautious of, since 6/28, date of post, look at what has transpired.
O/S then = 102+ mil
O/S today = 241+ mil
S/P then = .0088
S/P today = open at .006
D/T still waiting for install, was to be complete in March, 201?.
Looks to be more prophetic than Monday morning analyst.
D
Taseko's New Prosperity Project Moving Forward
http://finance.yahoo.com/news/Tasekos-New-Prosperity-prnews-2143856464.html?x=0&.v=31
Taseko's New Prosperity Project Moving Forward
http://finance.yahoo.com/news/Tasekos-New-Prosperity-prnews-2143856464.html?x=0&.v=31
But QS does get $5k a month and 3.5 mil shares a year.
~33mil lower than the OS.
That is a response I'd really like to hear. Thanks,
D
Virtually assured profits, if they can get out between 3 day avg bid at conversion and the 50% discount.
Also, if they hold additional notes yet to be converted they can convert those at even lower prices. The only balancing act is to stay below 5% owmnership, which requires reporting.
It also does not benefit the convertible noteholders to destroy the company, if they still hold notes.
To Ichi's post the 504 obligations are negotiated straight cash for shares at a discount. They do not have to wait for conversion thus the rationale that they have more motivation to drive price down. They get the 50% discount, get in, get out, then can provide additional funding to the company at a reduced retail share price at the same discount. Makes sense but the convertibles also have a reason to drive price down but with more limitations.
All IMHO.
D
A1, interesting. How they plan to do that and when is a good question to follow up with. Does that mean all past and future?
A true Angel may be the only answer there, though they had convertibles through Q2 2011 being issued so how they plan to take these off the books in the near term seems unreasonable as the notes are not yet due and conversion or payment is at the discretion of the noteholders.
D
True, where will OS be when they get to 5k rooms and significant revenue, that is the question.
With significant past obligations to fulfill, OS will challenge the AS very soon.
However, the good thing is that the bleeding should slow when additional contracts are announced and non dilutive financing is available to finance the 3k additional rooms needed to get to 5k.
Currently Host and DT combine for ~2k rooms, with Host financed by Tivus and DT partially by the hotel.
Still a bumpy road ahead short of a Mega Contract or a true Angel Investor, willing to take out(retire) much of the retail shares in exchange for some preferred? Just a thought. IMHO.
D
LOL, Owning Tivus stock is a good exercise to get in touch with your emotional side and see the world as other than logical process.
This pattern has existed since last fall, in particular from the November 2010 CC.
This is what many longer term Tivus shareholders here understand and express concern over. See pattern below.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=66491613
The missing link is understanding the amount of dilutive shares converted relative to total volume and dilutive shares sold. There is much retail trading in TIVU right now which makes it harder to assess when the dilutive shares are done selling. Hint, watch L2, assess which MM controls the dilutive shares, when they pull off the ASK, means they are done for now. If volume is ~4+ times the # of dilutive shares (44 mil x ~4+, balance is retail trading and MM manipulation) then we are getting close to absorbing those dilutive shares. That may be the best opportunity to add, if you are trading but beware, by then the next round of dilutive shares might hit the market, repeating the cycle. Also consider, who is buying and selling, is their a pump/awareness program going on (which is what Tivus has engaged on numerous occassions) to stimulate awareness and buying volume when they have good news, is there an independent group playing the stock price? Until this situation is resolved, TIVU will likely continue this pattern as their are still substantial obligations (derivative liabilities) to cover with shares.
However, if substantial news hits before the dilutive shares are done selling then all bets are off.
That is the foot race, which I have referred to.
This is why short term, TIVU is a trading stock. This volatility is creating intended long term holders to bail and buy back more than if this condition did not exist.
It is a reality and necessity of what Tivus had to do. We can't control what has been done other than to express to IR and SP our concerns and to understand what impact this has to both short and long term holders of TIVU.
All IMHO. Do your own DD and don't buy or sell based on what I say.
GLTA.
D
It appears that you are becoming more familiar with Tivus. As Waggett stated, "Anything can happen", in both directions.
I disagree that the action is all MM manipulation. Track the big dumps, most often hidden behind small Asks, someone sells into the Bid in large lots. These are the note financing shares IMHO.
This is the way they unload their large blocks of shares.
1)Follow news run ups.
2)Convert shares.
3)Let s/p run up.
4)Sell into run, stymies upward movement.
5)Let price stabilize.
6)Place order to sell w/small lots(hiding the large lot intent to sell into the Bid) at Ask.
7)Sell large blocks into an increasing Bid, after enough Bid interest occurs.
8)Boom, large blocks go through on strong Bid interest and breaks down Bid support.
9)Repeat.
This is not MM manipulation, it is saavy noteholders cashing in.
This is all simply my opinion and observations. Do not buy or sell based on anything I say.
However, it is worth watching. Certain MM's at different times are transacting on behalf of noteholder shares. In particular, keep an eye on the fake ASKS preceding large share blocks sold. If same MM stays on top the ASK after large block sales that is a strong signal.
This is why the charts, TA are all skewed. It doesn't make sense because of the increasing supply of shares into the market.
This is why those dilutive shares are so concerning and need to be addressed.
If these shares were not adding supply, the demand for Tivus shares would be driving s/p into .05-.10+, easily.
Remember, All IMHO. GLTA. Go Tivus, be a shark!
D
Adding in the 30's this past week. I like our chances.
D
Foot race is starting to rev up.
Share structure adjustment or new contracts? Looks like there is a lot of money supporting the new contracts side.
Dilutive shares sold to supply the 5 mil + share transaction???
Wasn't able to watch trading today.
The rest of the week will be interesting.
D
R3, yes it appears they can convert contracts into cash but to fund the build out of that particular contract not for general operational or special purposes. The question was asked at the CC if financing was available to buy back shares and SP gave a no comment.
D
Problem is they can't build out the company on small amounts of money daily. Would you as a financier, take it in bits and pieces, only when the price is higher? I don't think so, the financiers have held the hammer, Tivus has had to oblige. In addition, the company does not sell shares from the convertibles, 504 financing, and vendor shares. They issue them and the recepient is free to sell them when they want. Tivus does not control when the shares are sold. IMHO
D
I agree, if the company stopped issuing shares, we'd run like the dickens but they have too many other obligations.
True, they do have other financing available collatoralized by new contracts. That will stop some of the bleeding but they are still running expenses out at $300k+ per quarter, this has to be covered too.
I do disaree that the stock is oversold. It's skewed because it doesn't account for the newly issued shares creating supply that offsets the oversold condition.
Of course, IMHO.
D
Indeed convertibles are only a portion of the shares issued. We had 44 mil+ hit the market in a 7 day period last week, not all of them are convertibles and possibly none of them are at a given point in time. They are issuing shares for services, shares for cash, shares for conversions and shares to affiliates (restricted).
I hope IR clarified those shares issued to other than convertibles.
It's the concern that many of us have been expressing now for quite some time.
D
Well I suppose Tivus could pay off the convertible notes in cash but they don't have any. It is also likely that it is at the discretion of the noteholder. With the discounts, they would be silly not to take them in shares, unless they cared about the share structure. Not likely, they will convert IMHO.
D
Financials are not transparent until audit is complete and released. Uplist will not occur until that happens.
Yet again? It is one of the few times they made a deadline.
Yes, shares to hit the OS but who knows how many? That's the real question. It is no coincidence that shares hit the OS in tandem with news.
Do you really think we can hold any gain when, with each PR, an additional supply of shares overwhelm the buying demand? This has been the problem dating back to fall of 2010.
Actual work and actual contracts have also been expected here for a while, just like the shares slated to hit the OS. In my opinion the Philly Host contract will not be enough to push this like the DT, share count is totally different. One way to look at it is former OS on run to .22 was ~10% of what it is now. Use that multiplier on a single new contract for a generous view. Why do we keep stalling at .02? Add to this a significant increase in trading of Tivus stock, can't break resistance with that much selling volume of combined flipping and dilution.
What Tivus needs at this point is the follow on proposal and acceptance of their 12-18 month plan to expand the Host contract. Or they need to start adding contracts with other Compnies and breaking into new markets like the casino world.
We know through financials that they are issuing stock for cash, for services, for debt conversion, and now we see stock for payment of judgement awarded to Belmont Partners.
Affiliates also received 30 mil restricted shares.
All in all Q2 not a lot different from other Pinkies. Doling out shares, operational losses, defaulting on notes, growing interest expenses(some at default rates) and subsequent financing and conversion of convertible notes issuing of 27+ mil shares.
Hmmmm, not much to cheer about.
All IMHO.
D
Slice it, dice it, anyway we want but we won't be going to .03 anytime soon. Even at .03, 90 mil + 244 mil = 334 mil. Looks like AS is going to 800 mil.+, maybe ID is right RS is better. I sure don't want to see anything close to 1 bil.
Fact is, nothing has changed over the past week except the stock price. No new filings, no new financials, nothing to base any of this drastic change of heart by the current bashers other than the share price has gone done.... People don't get mad when they make money do they? ...
Have you not been keeping up with the board?
It's because SP wears jeans! LOL
That opinion should be heeded, it is a valid concern. We cannot simply assume that what IR states is why and how those funds were allocated and used. The burden of proof is on the company to either confirm one way or another. Are they required to? No. Will they? If a full audit, uplist and full transparency are their goals then yes, they should. We'll see but until then, my perspective is proceed with caution.
BTW, how do you know that the audit will lower the amount of dilution? What if it exposes an ugly side of the financials that were previously not disclosed? It has the potential to go either way.
If there is harping for a potentially bad thing then there is a reason. Similar to if there is exuberance about potential contracts and good things there is a reason to discuss that too. I don't see that discussing both sides is a problem, opinion or not. The company can either verify or dispell the issues both good and bad.
IMHO.
D
It appears that QS also mentioned it but I distincly recall Stock Guru as another. I went back not long after it came out to verify it but they pulled it. At any rate Vegas properties would be a great addition but show us the contracts first.
At one point Stock Guru had announced that Tivus was engaged in discussions with Wynn in Vegas. That promo newsletter has since been pulled.
That line item may currently be classified as a Current Asset but the question really is how the Affiliate uses those funds. Do you believe they will segregate and identify the use of those specific funds as a future liability or as a way to pull funds out then put back in as some form of financing, in the forthcoming Q2? Accounting trickery?
In addition, the Marriott's might not let this happen in their company but might in others. At this point it does not appear that Host has a financial interest in Tivus. They have little to no risk exposure on the $$ side. With Tivus' announced no cost to qualified properties, the only downside appears to be a PR black eye, should things not work out.
the Marriott's would not let something as ridiculous as this take place in their company.
What do you mean an internet term? Does it not have a negative connotation that has multiple interpretations?
As shareholders, it is our company too. We are just not captains of the ship. It is our right, as shareholders, to expess our concerns.
D