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That is an interesting theory and I am not really sure if they are short anything - they certainly could be! Their overall strategy is appalling. How would you like your bank to do that to you with your house or car? These people have no scruples and no decency. They aren't interested in collecting their loan payment, that's not enough. They want fines, they want to block the Cardinal deal and they want blood.
Any normal lender would be all for the NAVB deal with Cardinal as they would be paid in full and they could collect all money owed to them. CRG doesn't want to be paid - they want to absolutely stick NAVB for everything they can. I am sure that's "good business."
I sincerely hope that justice is served and the judge not only rules in favor of NAVB but does everything he can to speed up the process to get this over with immediately.
Monday is an important day.
To say the least. We have so much potential to be a great company and near term, it's going to be in the hands of a Texas judge. If he rules against Navidea, investors will run for the exits and beambe's prediction of .75 may very well come true. In the Ohio document, it states in part that "without intervention from the Texas court such predatory and bad faith actions will likely preclude the sale to Cardinal as any sale of this magnitude requires the assets to be free from all liens."
THAT is how important this ruling is. This whole deal with Cardinal could fall apart and NAVB will be forced to try to get it appealed over the next few months. Stock price will plummet.
This is not fair and it's not right. NAVB is just trying to pay back its loan but CRG wants more than that - they don't want to just have their loan repaid, they want to run them out of business. No company in their right mind should ever deal with CRG ever again. They are a corrupt, greedy entity who wants blood. The judge should laugh them out of the court but I am not sure what the terms of agreement were and what the letter of the loan stated. It's up to him.
The judge SHOULD side with NAVB but we are unsure and that is why the stock took a hit and many investors bailed. I think if he rules for NAVB, everything moves forward. The loan finally gets paid and the company moves on to clearer skies and the stock rebounds over 1.20 near term and 1.50 in the next month or two. If the ruling is favorable, many people will come back.
But make no mistake, Monday's ruling plays a huge part in NAVB's future. If you can, keep some powder dry in case we get that favorable ruling and get in as fast as you can!
Your thoughts, Beambe??
Beambe - am I missing something??
I see you think it will go back down to .75. I see other people I respect saying this is going to tank on Twitter and Stocktwits. I just don't get it. I see this as a tremendously undervalued company that once it gets its balance sheet in order should return back to over 2.00 a share.
They have good technology, should emerge out of debt with revenue streams coming in - I don't see anything wrong here but I am getting a little concerned.
W
Beambe - am I missing something??
I see you think it will go back down to .75. I see other people I respect saying this is going to tank on Twitter and Stocktwits. I just don't get it. I see this as a tremendously undervalued company that once it gets its balance sheet in order should return back to over 2.00 a share.
They have good technology, should emerge out of debt with revenue streams coming in - I don't see anything wrong here but I am getting a little concerned.
W
Turnaround very possible here.
Finally a small up day on very heavy volume. Could be a reversal imminent and this bears a close watch tomorrow to see if it can continue. This is a very familiar pattern right before a reversal. You get a heavy churn and then a dramatic pop upward.
Nice little after-hours action could be telling us something. Good luck, all and keep a close eye on it.
I think this is news driven. When we get good news - it goes up and when we don't get any good news, it retraces a bit but not quite as much as it did before. I think the deal with Cardinal will go through and we will be debt free. I expect a strong pop when it is finalized.
I am a little concerned we did not hold 1.00 today - I was looking for a close around 1.09. I noticed on twitter and stocktwits all of a sudden people were getting bearish on it. I do not think I will sell until the trend line is broken. If I were to see .92 I would be a little concerned but we hung in there even with all the profit taking.
We will see how we do tomorrow. A slight retrace is possible, but a little run is too and I will continue to play the pops and buy on the dips. It is a strategy that has been working very well. Hang in there gang, we will get to the promised land yet.
I think we are close!
All in all, the conference call went well. There was no earth shattering news, but it is available for everyone to listen. If you did not get a chance to listen to it and you own or are thinking of owning it, then you need to listen as responsible DD.
From what I gather, the deal with Cardinal is a done deal. This will pay off the loan to CRG and they will emerge debt free. This is huge for this company - we absolutely had to have it.
They have a very good pipeline as well as product they are very excited about and it looks like it works extremely well. It's cutting edge technology. They want to develop it in the worst way and I think they just need to get out from under this loan to get on with it.
It's all good, really. This should continue to grind upward - but this is not a 1.00 stock. It's worth at least 1.50 and if this continues to work and get developed, much much more!
I know -- I would like to see this over 2.00 a share too. Maybe double overnight like some have recently.
I remain confident because I have done my DD and I like what I see. I see everything coming together for this to double from here but it will take some time.
One thing that should make you feel a little better - it continues in an upward channel. We continually are seeing higher highs and higher lows as this grinds its way up. As long as we keep seeing that, people will make a nice return but you have to be smart about when you buy and when you sell. It's a stock I like to hold overnight because this company loves to break all its news in pre-market.
If you have watched this stock as closely as some of the others on here, you would know this stock does that. The opportunity has been there to flip this at least a half dozen times over the last few weeks.
Sell on the pops, and pick it up again after it trails off. Again and again and again.
These longs at 1.14 will still make money - they just have to be a little patient. MAYBE EVEN TODAY AT LUNCH IF THE CONFERENCE GOES WELL!!
You would be very foolish to sell before the conference call - I think we will get some great news from it that will make people want to hang onto their shares for a long time. And yes, I picked up more shares today, too!
Awesome news, isn't it?? Let's rock this thing up to 1.50 and then I will be feeling good!!
But very happy with today's action. Can't wait to hear the conference call in a little bit. Make sure you tune in, guys!
I have to repost this -- this was from stocktwits and if you are a long you need to read it because it is important:
Yuo should read NAVB's request to stop the CRG motion to dissolve the OH injunction-which prevents CRG from accessing operating money from CAH.
CRG recently motioned to dissolve the injunction that favors NAVB in OH court.
NAVB filed a court document explaining to the court that it should not lift that injunction.
You should really read that new plea by NAVB to dismiss CRG's motion to dissolve the OH injunction that favors NAVB.
NAVB is not mincing words now.
Quote--------
D. CRG Continues to Act as a Predatory Lender in Bad Faith, Causing Irreparable Harm to navidea and the Public at Large.
Unfortunately, CRG is not content to simply receive the money it is owed, as it is attempting to blackmail Navidea into unreasonable demands outside of the four corners of the lending agreement. . .CRG continued its predatory ways, however, by making unreasonable demands before it would agree to release any liens on NAVB's assets. . . While it is certainly reasonable to demand the principle balance and accurede interest since the last payment, CRG is requesting default interest dating back to the first day of the loan and 1.77M in legal and other professional fees. . .CRG now admits, contrary to their prior representations to the Court, that all quarterly payments have been timely made during the pendency of the subject loan.
----End quote
So CRG told the court that NAVB has made all payments and interest, but is now saying they have been in default since the contract was signed in May 2015, and is delinquent on the additional 4% interest.
It's pretty obvious to me, and hope the OH court, that CRG is playing dirty here, telling the court one thing, and now that a pending payoff is coming, telling the court NAVB is delinquent for over a year. Amazing. The depth of scum never ceases to amaze me.
Today might be a little different. We have the news - plus a conference coming up in an hour that I want to hear. You could get a really nice pop today! I think we get up to the 1.09 wall and we shall see from there at least for today. Might go higher, too.
Breaking news:
http://seekingalpha.com/news/3210290-navidea-receives-1m-lymphoseek-commercial-milestones?source=feed_f … #premarket $NAVB
Also interesting rumor on stocktwits last night...
OH COURT TO CRG's Motion to dissolve NAVB's injunction--DENIED!
I think we have a little fuel for the conference - could get a nice bump today. Hang on folks - the best is yet to come!!
I wouldn't say that, eco. I think the investor's conference could be very interesting. You could get some really good information that helps us as well as future investors get excited to pump some more cash into the stock. That's just good for everyone!
I am definitely looking forward to this and I think it can only help us!
YES -- INVESTOR'S CONFERENCE TOMORROW!!!
2016 Aegis Growth Conference in Las Vegas on Thursday, September 22, 2016 at 9:30 a.m., Pacific Time (12:30 p.m. ET). Webcast Link: http://wsw.com/webcast/aegis3/navb
Ladenburg Thalmann 2016 Healthcare Conference in New York on Tuesday, September 27, 2016 at 4:00 p.m., Eastern Time. Webcast link: http://wsw.com/webcast/ladenburg2/navb
Tomorrow should be an interesting day. I expect pre-market to be active and we should hear some good stuff right as the morning bell goes off for the markets.
Conference is TOMORROW. Not the 27th.
It's a good time for the company to make its best pitch and drum up more investors. Also - it's a good time for the company to possibly announce some forward guidance, particularly with the deal with Cardinal.
Should get a little pop tomorrow as investors will want to stick around to see if there is anything coming up!! Hang on and I know you will be glad that you did!
Setting up for a very nice day!
Looks good in pre-market. I think we rally into tomorrow for the conference and webcast. My guess is we get some clarification and possibly juicy tidbits about the upcoming Cardinal deal. Stay tuned and should be a good solid couple days for us!
Might get a good pop right into close!
Hang on there guys - it's been trending upward neat and orderly but it could go the last hour! At least that's the hope anyways!!
Hope you got your flip in at .93 today. There are a lot of momentum players in and out of this stock. I think they bailed from the lack of news but they are watching this thing closely and any news gets this flying up fast.
The shorts will get squeezed when we get news and will be forced to cover. And as you know, news can happen at any time here!! Good things are just around the corner for all of us - GLTA longs!!
I like the way you think, Wolf! Nice little rally right into Thursday for the presentation.
It would sure be nice if they went out to dinner, played nice and made a deal that benefited both sides, wouldn't it??
If it were up to me, I would try to mend the fences and maybe see if I could get things done out of court. In court, who knows what you will get? The sooner things get done here the better - we really need to put this behind us so we can move on! We have the money though so confidence is high it ends well for us.
Although some of the price move could be priced in as everyone knows this, I still think it will be a tremendous weight off us. You do not want to be out of this stock when the deal is done and the debt is paid!
The news on September 27th that you speak of should hopefully be a resolution to the temporary restraining order (TRO) issue that has plagued us for some time. The hearing scheduled for Sept. 26th should modify or dissolve the TRO. The new deal with Cardinal blows that out of the water as it would fulfill NAVB's obligations to CRG and thus make any security interest a moot point.
NAVB has had 4 million dollars seized by CRG and would like to apply that toward the principle of the loan. It sounds to me that NAVB wants to pay off the loan and CRG just wants to drive NAVB into bankruptcy. This was a real mess -- this is why that deal is so huge. Let's get this over with so we can move on!
Bought MORE today!
As I keep saying, we are getting higher highs and lower lows and this is quite simple. More people are hanging onto it and we are getting a higher base each time. If you look at the charts, on Sept. 9th we set a baseline at .82, we surged up to 1.09 then fell back to .87 on the 15th. After that, we consolidated at .90 then moved up again. Today, we fell back to .96 but are moving back up.
I think the news is getting out and people like what they hear. I know I do!
We get the next catalyst in 3 days at the conference where NAVB makes a presentation and every indication it will go very well. You want to be in this stock while that is going on and we could get additional news at any time to move us forward again.
In this modern era of tweets and fast food, there are too many "investors" who do not do their DD and just follow along with the herd. Stocks will move up or down on no news whatsoever. The shorts will try to short anything that moves upward. Big mistakes all around. Pay attention guys because we DO have good information backing us up and things look very good!!
A word of caution on that Cardinal news. While that is going to be something that is of vital importance to us and could be a driving catalyst, some of that could already be priced in as people know about it and are expecting it. If we do NOT get it we are in huge trouble of course.
With that said, I fully expect this to continue upward in streaks both ways with higher highs and higher lows - an upward channel. That is what we have been seeing for a month now.
I guarantee there will be some days where the MM's/short sellers/profit takers hold it down and we do not have a good day. It is going to happen. However, I fully expect this to start popping at any given time and you do not want to be out of it when it happens. You could go out shopping sometime, come back and miss out on another epic run. I am very confident that we get back over 1.50 very soon as more and more news comes out. This 1.50 number isn't coming out of my hat or a wild guess. In the agreement, Cardinal is allowed to buy shares at 1.50 if they want. I guess they kind of know where this is headed!!! And if all this news keeps hitting the market, that 1.50 is going to seem like a bargain very soon!
NAVB going forward
This stock the last few weeks has been a trader's dream and I know there are a lot of people making money on this one. If you are, then good job. The stock is in a solid upward trend with some really good runs in either direction. But the main key has been the upward channel. If you have hung on long enough, then you have made money. The people who have REALLY been making cash on it are the ones buying on the dips and selling on the pops, then repeating the process again and again.
I expect this to continue as good news continues to pop in when you least expect it. I get a kick out of some tweets I have seen who think this company is a scam.
DO SOME DUE DILLIGENCE ON THIS AND INSTEAD OF MOUTHING OFF WITHOUT KNOWING VERY LITTLE ABOUT IT, R-E-A-D!!!!!!!!
People who do not educate themselves and learn the big picture are like sheep being led to the slaughter. Continue to learn as much as you can and the more you read, the more you will get as excited as me and the other longs. This will continue over 1.50 in the very near future - with some bumps along the way. Buy on the dips. STRONG BUY.
Your opportunity for making money on this stock has been unbelievable the past month. There is no reason you can't make a lot more.
First, if you have hung on this long you might as well hang on while the company is becoming profitable again. You do not make money while the company is being ripped apart as it was the last couple years, those shares should have been sold 2 years ago.
You SHOULD be buying here, especially on the dips. The MM's here can be particularly nasty on some days, but they provide very good opportunities to buy and sell. If you would sell after a huge run then buy when it dips back down again, you could have made a small fortune just the last month alone.
This stock is channeling upwards and will continue to do so IMHO. With good news continuing to trickle in and its financing being taken care of, this should return to profitable and very soon flourishing company! Take heart that at least your investment is coming back to where you bought it at and I think you will eventually get your money back!!
Haha -- there ya go my friend! A sweet, sweet picture indeed!!
Glad you and the rest of the longs on here have hung on but this is just a drop in the bucket - good things to come for those that are patient!
Don't wave the white flag just yet, bud. Never count us out for a big run at any time!
Good article today on NAVB - READ
http://cnafinance.com/navidea-biopharmaceuticals-navb-stock-yet-another-reason-to-buy/11201
A quick guide for new comers: NAVB STRONG BUY
NAVB is a strong buy. It is NOT a pump and dump scam but it presents one of the best and strongest ways you can double your money very soon.
It was beaten down as the financing crippled the company with a staggering 50 million dollar debt and there were serious contention the company would not survive. All this has changed as Cardinal (CAH) has agreed in principle to buy the North American rights to Lymphoseek 80 million upfront and up to 310 dollars overall. Navidea will be able to pay off the debt and move forward with cash in the bank. They still have promising drugs in the pipeline but they also retain rights outside of North America.
This deal today is HUGE. This company is making all the right moves to get back over the 2.50 area it was at before the financing deals. They will emerge with no debt, a strong pipeline and now they will get revenue streams from Europe from the Lymphoseek.
I am extremely excited about this company and you should be too. Strong buy - it should continue to move over 1.50 area in the very near term. Good luck!!!
Yeah Digger - it will be a major short squeeze. They all piled on yesterday and WHAM! They got squeezed on some news. I see someone just tweeted 1.20 for today too. I don't know if he is a reader of this board or if we just think alike. Anyways - I like how that guy thinks!! haha.
Enjoy the show!!
AKAPAK --- Looking for 1.20 today. It's going to go!
And this is tremendous news if you are NAVB because.....
Under the agreement pending with Cardinal, NAVB STILL receives the royalties outside of North America for Lymphoseek. They will get a tremendous cash flow coming in from this.
Are we paying attention yet, folks??? This is going to go back over 2.00 a share.
Those shorts will have to cover pretty quick - this is taking off.
They are going to get a nice little surprise when they wake up. Like a margin call! haha.
And this is NOTHING compared to when they get the news the deal with Cardinal is done.
http://ir.navidea.com/phoenix.zhtml?c=68527&p=irol-newsArticle_print&ID=2203277
MORE good news!!!! This is why you don't short this company overnight!
STRAP IN BOYS --- ITS GOING TO BE A GREAT DAY !!!!!
well a short IS a sale but remember they have to all buy back in at some point too!! If you pick the wrong stock you can really get burned by shorting, but I feel it's easier to short than go long because panic sets in. I just made 500.00 on a short on SPPI yesterday - easy money.
OT - Check out NVAX - They have lost 85 per cent of their investment overnight as they failed a phase 3. Ugh -- Feel very bad for those longs who got crushed - if you invest long enough, esp in biotechs - you get on the wrong side of one of those.
If you remember several days ago the base was .81 and we bounced off that.
I think we will have a higher base than last time as more people see the potential here. Actually I think the base will be at .87 - right where it got down to last night. It needs another catalyst to go forward - but remember the investor conferences are coming up next week so we do have that going for us - that should help.
Then you have news that could come out at any time when you least expect it. We find out today I guess, but I think we move back up again as it was way oversold yesterday.
I have to admit, you nailed it pretty good there. Now hopefully you are right on the next wave up, too!!
To me, the number one question to ask when you have days like yesterday is WHY? If the company came out and say the deal with Cardinal was off and the share price took a hit, that would be a major cause for concern. But this was just people taking profits, short-sellers and the momentum players getting off the train. I think a lot of those people will be back and they will be watching this closely because they know how explosive this stock gets. Sure I wish I had sold everything at 1.09 because I would have taken all those gains and bought even MORE down at .88 here!!
It's all about the facts and the news. I have done my DD, I continue to learn as much as I can about this company and I continue to remain optimistic this will fly off the charts when it all comes together.
Share price could double within the next few months and it will happen so fast there will be a lot of people left with a 5 or 10 per cent gain wondering what happened. THAT is what I am waiting on and why I continue to hang on despite all the day to day fluctuations. GLTA Longs - the battle continues!!
Anyone who has been in this stock for awhile knows we have days like this. It's not fun - but we aren't in a boring stock here - we are in a volatile and frenetic stock that can move very fast.
Just hang in there - tomorrow is another day and if not then sometime soon this will come roaring back. Just remember - this isn't going down for any particularly bad reasons - its going down from profit taking and the follow the herd mentality.
WE know there is great news with this stock and it's just beginning to play out. The contract being signed with Cardinal is a true game changer. The debts will be gone and we can move forward with cash in the bank and some very good drugs in the pipeline. Just as it moved today - it will move up fast again and we will all be high fiving over the computer again. But it's not going straight up to 10.00 a share - it will take a while so hang in there - it's going to be ok.