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We're due for a "The shorts are desperate" post. Anyone else see how absolutely stupid that sounds? I got a question regarding that S-8, you know the one that utilized the share price from 8/22 to come up with a max price of 4.91. My question is, if the max is 4.91, what's the minimum and how is a reduction achieved? You can bet your ass they will get these options in the money but at what price?
Pointing out the coincidence that the timing of the pricing after the share price has plummeted certainly worked out well for them. Ditto when some of the execs were dumping between $12 and $15 while we all thought big things were coming. They sure do know how to maximize their money. Wouldn't you like to know what they do? Their timing is uncanny. I'm going golfing. No more time to play. You keep your defense attorney suit on though and make sure you nail anyone who asks any more questions. "Have you seen the share price lately?"
I invite everyone to investigate the history of a company called Implant Sciences. Easily had the finest explosive detection system for airports (you will still see them as you check in, take a look). Delays during TSA approval. Belly up. Carpetbagger president goes to the acquirer. When anyone dared to point out a negative, like this 8/22 situation, their version of Hemopure called everything preposterous. Quickly. I think this company's product(s) has huge promise. They do not get a free pass for everything they do. Sorry. And the bonus stuff is a frikkin joke. So yeah, it pisses me off that their options got priced lower by "coincidence" and by "coincidence" they chose not to forcefully answer. Protect my shares Dammit!
Um, I never wrote that Chan orchestrated a conspiracy. Since you answered, I have one question for you. Are the insiders better off with their options priced off of the 8/22 numbers, which were absolutely in part a consequence of the Seeking Alpha piece, or would they have been better off if the price stayed at 8 bucks like July? No, I don't think Chan had ANY hand in the Seeking Alpha job, but it didn't bother him/them as much as it did us. Know why? Because unlike us, they knew their options were about to be priced. Quite a coincidence, eh? Your turn. I can't wait.
It's not really a theory. A coincidence? Yeah. I have written before about my other "story" stocks, very similar to CTSO, and my experiences (you'd think I would've learned! LOL). They all share these "coincidences", many that don't add up, and in the end had a big stink attached to them. The big guys needed a bigger truck to carry home their dough, while the small shareholders (that would be me) never fully got the whole story. And every time, we all hung our hats on them having the best mousetrap in whatever industry they were in. That is a false sense of security. Some ask "Why wouldn't a big company buy this out now since it will be worth so much more later?". The big guys can wait you out until debt gets outta control. Then they walk in and take the car keys. The top people get jobs with the acquirer (in order to get them to support the rape of us) and don't give a rat's behind about you. Will this happen here? I don't think so, but the delays in approvals while bigger fish are working on other technology, technology they will get fast tracked because of their size power. That's a real risk. The biggest risk to the company/us is time itself. But in the meantime, we are handing out crazy bonus payments and funding cheap shares for them. I appreciate this board and all the info I get here. It's invaluable. Just keep your eyes open folks.
So while everyone was going nuts over the Seeking Alpha hatchet piece, it knocked down the share price, benefitting insiders who knew that the average price on 8/22 would be used to come up with a maximum price for shares used for "employee benefits". So some of us, me included, couldn't understand why the company didn't forcefully refute said Seeking Alpha. Made no sense. Or did it? If the share price had stayed in the 8 buck range of July, the insiders pay more. Hmmmmm?
Is there any significance to the s-8 6 million share thing announced yesterday after the close? Been involved in some other stocks where it behooved the recipients/financiers to knock down the price so they got the shares more cheaply. Sometimes based on an average price for a certain number of days. I see the price maximum 4.91 which means they can be for less. Can the price be manipulated for this purpose?
Some here, me included, called for a kick ass response the other day. Blow the bastards out of the water. When that doesn't occur, human nature sets in, and questions arise. "Maybe it's a lopsided piece with some truth to it". No, they fumbled the ball again. Imagine if a PR said, and I'm paraphrasing, "That article is crap and Dr. Chan is exercising 75K options early because it's crap".
I think I've written (admitted?) here that I've been involved in a few "story" stocks where I got clobbered. In every case, there were so called bashers pointing out negatives followed by mocking posts like yours. It's painful to remember but one of the bashers always used the line "Have you seen the share price lately?". In my best Marisa Tomei imitation "So I aks ya" things are going well according to you? Happy with your investment right now?
Another Seeking Alpha piece just out.
I have no clue as to whether this matters but I found it interesting they got these notifications out right away. If you look, most times some time has passed before we know what the insiders have done. At least say 3 days. In the past they sold at a price that is higher than the current price and we didn't find out for days when the stock was already lower. The insiders certainly have pretty good timing with their low purchases and high sales.
First, I appreciate that your posts are balanced and you are positive when it's called for and you can also see the negative. I come here for info and truth. My response to you, the share price collapse did not begin yesterday with the hatchet job.
Makes sense as the expiration is listed as May 2024, odd if it happened in August no? So why the PR then? Because they did a sh@t job of disseminating the info back then? No more benefit of the doubt for these spongers in mgmt. while we are all getting our a$$es pounded.
Crickets from Hemopure. Disappeared. Poof.
Trying to clarify, not attacking you in any way, are you saying yesterday's PR was going to happen on Monday 8/19 but was pushed up because of the share price collapse? And (important) that there were/are people who were tipped off to this? Thanks in advance.
At 11:10 EDT, the stock is once again sh@tting the bed, it's around $4.20 and will fall more than 50 cents more to under #3.70. But you are telling a poster he will profit today. My e-mail came at 2:13 EDT. How'd you do that?
How did you know this?
Burnt, I love your posts (when I can understand em LOL) but catching this falling knife is dangerous right now. So glad that I didn't add when some were crowing about their additions at much higher numbers than these. When I bought at 7.04 a long time ago I thought "this can't go lower than this". Wrong.
Stunning how they can sit quietly while, day after day, we get our a$$es pounded unmercifully. They're earning those free July shares.
Funny how society works today. I simply point out what I consider to be a pretty big contradiction, what YOU wrote not me, and you're not happy with me(?) Emphasis "...YOU wrote..." Your post about Germany was one of the bright spots yesterday. That it was BS is very disappointing. BS because you are not selling if somebody on the inside in Germany tells you of imminent news. That's how you couched it. YOU. Not me. Have a good one. Officer Fantom
It's pretty obvious. Reread, over and over.
If you can't see the contradiction of "I got a friend in Germany in the know who tells me we are about to get big news from there" yesterday, to "I sold and it's going to the 3's" today, I can't help ya sir.
Martys12 yesterday is telling everyone he's in at 4.75, waits a little while to tell everybody something big is coming from Germany, then wink wink posts "accidentally" a private post that it's his contact in Germany telling him there's big trial news. Now today he's selling because it's going to the 3's (and it may be). Be careful who you trust folks. Back to Seeking Alpha, I want to know if it is true we will need a reapproval, and are we really paying some woman 600K in fees? I don't care who wrote it. Is it factual in any way? CHAN NEEDS TO RESPOND and protect his shareholders.
They all fell all over each other last summer to sell at the highs/near highs. They were doing it when most of us thought we were on the precipice of huge news because of the runup. That stinks to high heaven but apparently is OK with you(?) They sold knowing what we didn't, that NOTHING WAS UP. Get it? And I have read your posts. Don't parse words. There were 9 sales by insiders in August last year. Do you really want to go with the one year crap? Former CEO and now Chairman and Director Krause made a killing on 26,000 shares at the highs. Again, OK with you? They dumped. Insiders. The people who are supposed to be working for the shareholders. WE OWN THE COMPANY. Done with you. You are exposed for what you are.
Ohhhhhh. I understand "It depends on what the definition of is is" right Mr. Clinton? What a joke. You're exposed pal.
Did you check out the insider sales? You wanted a source.
Hemo wants to apologize for his delay in answering us. He walked from his office into Chan's and they aren't done discussing how to answer.
Um no, there is a statement that they will need to get reapproved in Europe that is the basis for the piece. Is that BS or not. A leader comes out firing today and blasts this out of the water. Silence allows it to be considered true. You don't see this? BTW did you check reuters for the insider sales I provided yesterday? I know you wanted a source. You got it.
"their money". Hard to type while seeing red.
I'm sure the people more knowledgeable will have answers to this, but even if it's complete BS, the timing is going to kill us during this freefall. The company needs to respond TODAY. This is where they earn there money....or don't.
Since May of 2018 I see only one insider sale sub $10 and that was Chan's $9.47. All the rest are $10 and higher. What an amazing coincidence that they all know exactly when to pull the trigger. Here we are us "lemmings" thinking this is going much higher blah blah blah while they are selling, lining their pockets, always at or near the highs at the times they sell.
I encourage everyone to go to reuters.com/finance/stocks/insider-trading/CTSO.O? and look at what directors and officers dumped their shares for since last Summer. Here's a sample. Director Krause bought 26,000 shares at a little over $3 average and immediately dumped them for $14.47. Capponi buys 30,000 at $3.45 and dumps for $14 and $13.50. Chan has sales at $9.37, $14.11, $14.75, and $14.85. Go check it out and be sick. Now I'll sit back and wait for somebody to post a defense of this. And....this does not include the OUTRAGEOUS doling out of huge amounts of free shares in July this year. FOR WHAT I ASK?
Anybody else feel like we're watching a tennis match on here between the group "The Morons can't get anything right" vs "The wonderful management team can't do anything wrong"? And I never thought I'd feel this way, but both sides are starting to equally piss me off.
I did not hear the whole call last week. Did he say "We are working on some other countries....."?
Yeah those stupid lemmings who got out in the high 7's. We're way smarter than those lemmings. So glad I'm down thousands daily, just so I'm not a lemming.
How about the female questioner repeatedly asking how the "drug" works? Don't they have a clue about who they are interviewing in advance? PS it was Schwab that upgraded from D to C
You can find the Chan interview on Bloomberg.com. He's second to be interviewed at the 7 minute mark. He says that Refresh 2 is the biggest thing for them and it's 2 years away.
CTSO/Facebook just posted an interview on Bloomberg with Dr Chan from yesterday
Schwab upgraded CTSO from D to C
Hat tip to one of my buddies who is also a CTSO holder "We can't even get a dead cat bounce"