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I lost nearly 500k in a similar story a decade ago. Alzheimer’s break-thru until a post-mortem clinical defect showed up in a monkey and the FDA blew it out of the water. The stock tanked 90% before I could hit the sell button.
Biotech....If good results come in the stock gets pumped and the company dilutes. PR pump. Dilute. Rinse and repeat. Meanwhile the brass continue to take elevated salaries with continued promise and trials to come.
10-4. I’ll do some DD. Bio-tech Low float usually adds up to dilution, but if they have cash in the bank....maybe there’s some upside with positive PR’s.
Fill me in....I’m game.
Why the name change after dumping their platform to Seelos?
Ok. ENLV....16k shares traded. Illiquid. Unless you know something that others don’t, that’s dead money
Dude. I didn’t say I was selling. I was simply tapping into the source. Easy now. I don’t need the money. Lol. This is a 10 team parlay card for me.
Any thoughts on a firm timeline tho. I get the process but....
The AM should be saaaweeeet!
But when grasshopper....when will we be rewarded?
Those things I agree with. And the fact that dilution and compensations tend to murder shareholder value. That has to change. Revenue growth is real and should be sustainable if they execute the model. MLM sucks but it’s a viable distribution channel if they can get a solid CBD product line out and explode it internationally or thru collaboration.
Volume is back to being abysmal. Valuation is low imo and should be more inline with their peers, so I still see plenty of upside in the stock, especially at these levels.
Yeah even the time is correct twice a day. Sooner or later his forecast will reign supreme...or not.
The savior of this company and stock would/should be cannabis and coffee futures. Fundamentals will drive the SP at this point. Technicals may offer some support but pretty much useless for now. Sales/revenue growth thru coffee and cannabis forecasts will be the driver. Let’s hope they have their ducks in a row and don’t get greedy.
So you think the company should be valued at under 100 million dollars? Why? Explain your reasoning once rather than simply trashing the stock.
But a nice bounce off of 2.90. Let’s see if she holds and runs a bit here
Dead rat in a cheese factory....not a good open.
You’ve got a winner folks. Broke the downtrend and setting higher lows with increasing volume. A major spike should come soon. If fundamental news hits, boom!
As far as what exactly?? That Ruth Chris doesn’t deliver.
Go with your gut
That’s because it’s the first time I’ve sold off half my position going into the fed. Held for nearly two years and have taken haircuts every fed Wednesday. So today she’ll break the trend in order to maintain my salty disposition towards miners.
If by loading zone you mean take a big dump. Like the biggest dump you’ve ever taken, like maybe after eating at checkers or something.
Sliding volume is a bad sign. They may pump this again but when....no one knows.
That’s not necessarily news, it’s simply a company pitch platform for potential investors and/or partners. Time slots are allocated so attendees can plan their conference.
Not being a Basher as I hold a small amount but....
That comment refers to early stage clinical design development. Constant expense with no earnings until drugs come to market draws no comparison to an established big pharma.
Once clinical study data begins to show positive result, then this thing will go bananas. Unfortunately, until then, I feel it’s the same biotech dilemma. Raise cash thru dilution and reverse splits. I’ve lost way too much in small cap biotech to think this will be any different for months to come. Earnings will mean nothing to the SP. They lose money, as does most companies in this space, at least until drugs pass thru the FDA or they get bought out at a major premium. It’s the nature of the beast.
Huge money can be made but only a very small percentage ever get near the hurdle to seek approval by the FDA. I had one that looked like a slam dunk until the FDA reared it’s ugly head. My 425k got turned into 6k almost overnight. I was all in and lost everything. This can be a good flip candidate, but until things progress clinically, I can’t see a major upside without simply being a P&D candidate. Good luck.
Kinda but not really. It’s something but it’s pretty much a trade show full of companies looking to get their name, products, or drugs out. Can’t hurt but probably won’t do much for the stock.
We need some daily volume followed by real earnings with growth futures
She’s alive!!
Saw that coming a mile away. Lol
Dude. Ur seriously bipolar. I love your commitment to one side or the other, but damn son. So quick to flip.
I’m a realist and will call it as I see it. I thought this to be a follow up to BPTH when the volume went thru the roof. I didn’t think it would be so short lived. Figured there would be plenty of waves to flip trade her before she went flat. Nope. Done with bio.....On to the next cannabis hottie, much better sector to be in. Bio pharma steals your money. Lost half a mill on an Alzheimer’s cure company a decade ago. Fun fun.
I did miss the first run. Yes. I am slightly bitter. Bought second wave. Avg $5. Should have dumped premarket $7 that morning. Didn’t. Now stuck holding down a few G’s. No catalyst unless something significant comes from the CC. So it’s irritating to hear we’re going up up up when all we’ve been doing is going down down down since I bought.
What’s the topic. To the moon. Ok. I’m back on topic.
You leave. Lies and bull$hit pumping does no one any good.
Boom. Really. Boom. Everyone is underwater from telling them to buy high 3’s. Yeah. Boom.
Load all you can here....how many times have you said that!!??
Why don’t you tell us how many shares you have. Buy, buy, buy. Take your own advise.
When this goes down, it’s the MM’s at play wanting shares. Yeah right. When it goes up slightly, you say it’s going to the moon. Dude. You’re not dealing with children. You look ridiculous.
This board is full of bull$hit pumpers. That’s what’s going on here.
Absolutely not even close.
CC’s and PR’s are self serving to some degree. I’m being lazy but I’ve read enough. Biotech song and dance. The break-thru is always near. Ya da ya da. I’ll follow the CC’s tomorrow and see if it’s typical rhetoric with a favorable spin, which is usually the case.
I’ve been in biotech plays much closer to approvals and disaster strikes. Money always becomes an issue. Dilution is inevitable. Delays are followed by more delays.
SEEL doesn’t have a $19 million MC because they have a treatment for Parkinson’s that’s soon to be available for mainstream use, they have that value because they are a company in transition with many hurdles in front of them. That doesn’t mean things are or aren’t improving. This is still a momo play, imo, and will be swing traded heavily while volume remains high.
I hope it runs to $10, but I’m not holding my breath.
Fuzzy pumpers....
Whoever said this is about earnings doesn’t have a clue. Their earnings are terrible, as is the case with any developmental biotech company, at least until one of their drugs gets an FDA approval and creates mainstream sales. Earnings has nothing to do with this move.
This is Strictly a hype and momentum play riding the heels of BPTH. Yes they made an acquisition. That’s a catalyst. Yes they are in early stage phase three. No results have been leaked. This will be a very volatile stock as long as volume exists. Once the volume retreats to their monthly average, the stock will decline and stabilize at a much lower price. In the mean time, it’s a great stock to swing trade. I flipped 1000 shares recently and will more than likely do so starting again some time tomorrow. Will SEEL go up quickly? Probably. Will it retreat just as quickly? Definitely. At least until major news is released pertaining to clinical study results. That is a real catalyst.
On the negative fundamental side, they recently announced to issue 15m ish shares, if my memory serves me right. They conveniently did so after the recent run-up, which is dilution. Idk of the strike price of those shares, but dilution is never good. This is standard practice in the clinical biotech sector and somewhat expected as money is needed for patent and drug development, so they typically issue shares and raise money when the iron is hot. SEEL’s iron is very hot right now. How long will it last is anyone’s guess. Pump it for your own personal gain but clearly you are pumping without any real inside knowledge of this company.
And yes I hold shares, but I do not recklessly pump my holdings to sucker in potential investors. Shame shame.
The float has been flipped a hundred times. Algos. Big money didn’t buy and hold. There are just as many sellers as buyers.
Disclosure: Im holding shares well above the current price. I’m not a bear just a realist. Unless there is a catalyst tomorrow, the price will decline. This is a pure hype play at the moment, riding the heels of BPTH. It is being swing traded heavily.
Nice. A little upward momo out of the PR. Keep it coming.
I’d say. I know I am. Thought there was hope here but I’m starting to think it was a pipe dream.
The way things are looking, you’re probably right. PR’s alone can’t save this stock. They have to generate sales, show profitability, and prove growth without acquisition and dilution. I’ve been saying that since 2013.
Bottom line, they need to:
~continue to ink future large scale Coffee contracts
~continue collaboration with a popular brand in the cannabis beverage space and get something to market with royalties
~become an independent cannabis growing, processing, and supply source
~ink supply cannabis contracts similar to coffee for multi use products and distribution
~find a way to profitability which seems that MLM has to find a way to carry its own financial weight and compensations.
Well that’s not good. Finally some volume but dumping volume.
Touché
I’m not the one on the thread saying I’m buying more however. I should have clarified. I’ve got enough for now. Not calling anyone out, just sayin there should be an endless supply of buyers now at the low low bargain price of seven bukos and fitty cent, especially with all the exuberance floating about.
Supply and demand.