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If the science wasn't applicable or there wasn't a need why would millions of dollars be thrown SNGX's way in the form of grants year in and year out?
Unreal, encouraging articles, government passing legislation to combat epidemic, approval and countless doctors training to learn procedure. What does this all equal? Apparently 30+% decline in PPS since approval. Braeburn does everything required to make this approval a success while Titan finds ways to dilute this stock for their own gain. No wonder why Braeburn is selling down here. Tells you exactly what Braeburn thinks of their partner(not much)! Can only hope someone sees the value of this company, steps in and buys them out before they do any more damage. Effing crazy how this is playing out.
I love picking up shares a rock bottom prices. Can't wait for the next big run!
I have been watching the ask on the call options for awhile now and its very telling. 7.50 & 10.00 calls are tenfold in November compared to to rest expiration dates. So I guess we sit and wait a few more months.
I agree. Hopefully were here more soon. Sitting idle before we take off!
Why would they continue to short time and time again? You would think they would be trying to cover now before news or numbers come out. Not like there's a ton of risk with what we currently know. Insurers are receptive to paying for treatment, doctor training/numbers on schedule or ahead of pace and ROW is a certainty. Something doesn't add up!
Amazing to me no one has thrown a buyout offer their way! Are we missing something and over estimating the value of this drug moving forward or are institutional buyers and bigger pharmas waiting to see Q3 numbers?
You can do all the calculations you want on every company LP has ever financed and it means zilch, zippo, nada! Every single solitary ticker has different needs/reasons to raise cash!!! IF you followed/traded SNGX for years, as I have, you would understand WHY they raised the cash. You are taking a sample of companies on a list, you know nothing about, IMO, and coming to a useless conclusion. This is an event driven sector, which in SNGX's case, currently is waiting for data to drive the price higher. You fret about the toxic debt and I'll wait for news to put a smile on my face!
WOW
$.065 and climbing!
.622 @ 9:30 A.M.
.650 @ 1:52 P.M
LOL!
WOW
$0.622 and holding!!
Amazing how every biotech goes through the infamous class action suit PR. These snakes will do anything to get in peoples pockets. Sad part is many sold off when PR hit.
Wow! $o.65 and climbing!
Many here defend this company because they own shares, I get that, I own shares myself. This is one of the worst ran POS I have ever invested money into. At least for a stock this far along in it's life stage. Anyone who thinks Berman has managing skills seriously needs their head examined. Every crossroad or pertinent decision is met with controversy or failure. This should be a joyous time after defeating JNJ, but nothing got done when the suit was going on. Then, to make things worse, having all that time to choose and Retail Monster is their answer. Pathetic, this product should have been all over the shelves the day after the settlement was won. Soooo for those of you who laughed and scoffed about my comment about Berman sitting on his hands, what do you think about him now? Please do not reply defending this man, it will fall on deaf ears.
Yep when the entire market is down 3% because of the UK vote I imagine 98.9% of the stocks follow suit. Not really a shocker to anyone here. Thanks for the update appreciated greatly LOL!
I would be drooling if this went to .30 per share. Back up the truck and quadruple down if it does so. Love to buy thousands of extra shares at a sixth of fair market value. Then after uplist when the squeeze come down on the shorts watch this skyrocket!
Thought I'd check in and see how mighty little DECN was doing after the momentous victory of big bad JNJ. Figured I would see mulitiple dollars not 75% decline LOL... Now the little engine that could is back in court for God knows how long. But still no sales, revenue ect... Yep sitting on your hands when your the CEO usually spells disaster for the little shareholders who faithfully believe every word uttered. Then again, Berman rarely talks but they still continue to follow. GLTA
Apparently someone here thinks earnings and cash flow are one and the same. LOL... How can you correlate earnings per share being negative, which until you have an approved product come to market, earnings will be negative and say big deal about cash flow "their losing money." Obviously, beating this point into the ground, earnings will be negative. This is biotech, cash flow is king, burn rates determine everything along with what stage certain drugs are in the pipeline. Fundamentally this stock is a home run even with a set back or two in the pipeline. SNGX is a cash cow from the grant perspective and there's no evidence the inflow of money will dry up. Top that with the late stage phase trials with more than adequate results. What does this equal??? UPSIDE :)))
Really not following the point you're attempting to make. Read your own post and you'll get the answer we have been failing to explain. RETIRED FROM SNGX. What part of this statement is vague to you?
Lol I may just take your advice and sell. NOT! IF the PR said the CFO resigned then I might buy into the firing scenario. Not the case here at all!
You would be hard pressed to find another stock at this price point, market cap and cash flow with the number of opportunities in the pipeline period. Many of us have held this ticker for a LONG time, understand the progression and will wait for the reward.
I welcome criticism, it's healthy, gives perspective but must contain substance.
It states retired NOT fired. Please keep to the FACTS unless to have documentation stating otherwise! Just like nowhere in the LP deal does it state toxic death spiral. Reason being it isn't! I own another stock, which i can't name for purpose of staying on topic. They did the same EXACT thing. R/S, uplist then FDA approval. How the game is played my friend!!!!
What's even sillier is you thinking SNGX replacing the CFO is BAD NEWS! I love how you spin things. Unexpectedly??? Are you on the inside at SNGX??? Please explain how this move was unexpected! This move could have been in the works for a very long time for numerous reasons. Please keep the posts real without bias and ridiculous rhetoric.
Doctors are going to love this treatment. 5 more office visits freed up for other clients. Insurers are going to love it based on the long term cost savings. Europe approvals coming soon! Pain, Parks, ect... Lets not panic and and lose focus because of a little stock manipulation by some who guessed wrong. A director doesn't purchase 140G's for chits and giggles.
CONGRATS TO ALL!!!!
LOL there hasn't been a day when the volume reached 100,000. Obviously your definition of dumping is different than most.
You will see a RS at some point, which in this case will be necessary and favorable for the stock. Not only will it give the company a creditable trading platform it will allow institutional buyers justification for investing. Lincoln Park and SNGX did a smart deal that is going to make everyone invested here a lot of money down the road.
MVM Thank You! My thoughts exactly.
Were the prior 4 days buying opportunities too? If so, one big hole to dig out from. Pretty sad when the product has no ability to generate revenues but the suit is the glue. If this team was so damn good this product would be selling worldwide right now. Berman has sat on his hands while lawyers have fought the patent battle. You people need to ask yourselves what this company was doing the whole time this was in court. Obviously waiting by the phone to answer lawyers questions because they sure as hell weren't selling there superior product. IMO
5/20 next options ex date so will be a bumpy few days if no approval before then.
LOL 8 percent would be the least of your worries if this wasn't approved
according to proxy all institutional investors are on board with the decision. Very smart decision IMO. Work with TTNP a few months ago, which I own, and should in this situation also.
Does anyone have a clue once this switches over to WDLF where evaluation is going to settle? At this point no sense to cut and run but how in the hell do you play this going forward??? B/A .05/.48 WTF. I'd be tempted at .o7/.08 to suck some of these up but MM are not going to let us in!
Seeking Alpha just released a TTNP article with a buy rating this morning.
Mine finally showed up within the last hour also!
You should be happy it's trading this high currently. KB hasn't exactly provided any proof it should be at these levels. Hype with no substance KB style. Now other companies are further along in the marketing game leaving the inept KB in the dust. Go figure!
Upgrade from Vista with a $4.50 price tag, including basis for how analyst came to his conclusion. .78 top of range today. I really can see where Lincoln as hurt this stock to no end LOL!!! Anymore short side views you care to share because the last barrage didn't do much to move the needle. Strong financials, strong pipeline and institutional investors. Horrible problem to have.
Wow .72 EOD Look at ALL of those shares Lincoln is selling to downward spiral this stock. LOL what a JOKE!!!!!!
I look at it like it was a lotto ticket from the get go. I will hold the ticket and hope for the best with the ticker symbol. Best case scenario ended up be worse case but never did I figure the RS would be that drastic. Enjoy your sandwich I'm holding out for the 4 course meal down the road in years to come! GLTU
Thanks for the info Sandman. Only hope here is if weed life ends up being a rock star stock months or years down the road. Otherwise, YES! we are effed!!
Will when you emailed Steven's did you inquire as to when trading will resume again?
Very Welcome
Ask Stevens the reasoning behind this R/S.
robert@somerset.vc
So a company such as SNGX with little to no debt and a great pipeline for many years decided to make a deal with Lincoln that enables them to buy for less and keep selling at a higher price point. Why aren't you figuring in the restrictions? 5% ownership is the max allowed to own, rather they buy and sell the stock, with daily restrictions in place, is up to them and their right! Not understanding how you believe this will dilute the stock anymore than what the initial agreement states! To me this allows Lincoln the benefit of turning a profit at different stages per agreement at the same time limiting the dilution as the price ramps up over time. I would think if anything it's more of a upward spiral.