Everything I say is my own opinion. Do not interpret anything stated as investment advice. I am not a registered Financial Adviser of any kind.
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Well - people spout off all kinds of nonsense on these boards. I like to at least try to get a firm commitment on some of it before I spend the time to DD.
Thanks for passing along the info though, I appreciate your posts. We've been on a few of the same boards now, you actually post pertinent info, which is refreshing.
Good Luck to ALL
-Lord
.006* LOL - the bottom feeders crack me up.
LOL Wayooh someone was able to scoop up 2K more at .6!!!
Interesting, did they lay those plans out in a PR already?
Nice observation, hadn't noticed that date alignment.
Right. Either approach, it's all fine with me.
The direct purchase of shares on the open market is clearly more favorable, and an earlier benefit, for us shareholders... but I feel this would call for some type of dilutive financing down the road either way.
As of the last 10-Q, the company had about 120K in cash, which I would doubt is enough to purchase NovaRx (or their drug) and also continue other operations during the remainder of this time.
As such, I'd actually prefer we do issue a private offering to Forward Ventures, to obtain the capital necessary to execute this planned transaction. I'd much rather deal with eveything up front, out in the open, with a trusted partner like Forward Ventures than some toxic lender for cash further down the road.
Just my personal preference, although one could certainly use trading skill to get a larger gain out of the first transaction, if they can capture the gain from the Forward Venture open market purchases and exit pre-dilution.
Good Luck to ALL
-Lord
Hahahaha alright! You're killin' me man!
Just like my ex-girlfriend's texts.
I've got a nice stake built for myself here and hope this actually happens on the open market... but I try to keep expectations realistic so we don't end up with a panicky shareholder base.
Has anyone considered the idea that Forward Ventures obtains their stake via a private offering? Seems to me the more logical play for all parties (other than the public shareholders) involved. Cash for the company, discounted shares bought off the market for Forward Ventures.
If I worked there, that is the deal I'd be pushing for... just a thought.
Good Luck to ALL
-Lord
You really, really... really need to do a bit of reading on share price, volume, and the correlation between the two in low liquidity environment.
If any price coming across the ticket at just 1,000 shares when there are 75,000,000 outstanding shares bothers you... probably in over your head here.
Well, ladies and gentlemen, I think we can essentially assume the float of 30M shares is all but fully locked at this point. Less than 1M share volume yesterday... none so far today.
Now the wait for news.
One thing I would like to note... I haven't called the company myself. However, I have had 2 side conversations with members on this board, who both claimed to call in - and reported very similar accounts. I'm not going to make a commentary on when news will come out, but I think I can (with a high degree of certainty) say that the delay was caused by a switch in the company's third party accountants. I worked at one of the Big 4 firms for a while after school, and that explanation is entirely logical.
If you're looking to day trade, this is not the stock for you. Fundamentals are very solid for the longer term and this is the ground floor; definitely a lucrative long position in play here.
Good Luck to ALL
-Lord
Looks like we got a savvy investor trying to load the boat with some cheapies. Can't fault them for it, I did the same months ago, and am scooping up a few more even now.
A 250K market cap for a company with impending profitability is the ground floor. Those entering now stand to make massive returns here.
-Lord
Great, thanks for the update. This is what I've heard from others who called in as well.
Will be interesting to see the PR later today, but as I've stated many times before - and I'm sure will state many times over this year - this company has solid fundamentals with no bankruptcy risk and (essentially) no dilution coming down the pipe. In time this will show in the bottom line. Very rare to get the chance to get in this early for what will soon be a profitable company.
Keep in mind, 99% of companies on the OTC never generate a single dollar of positive revenue. This is the primary reason I'm holding long here; under the 5% disclosure mark, but not by much.
Good Luck to ALL
-Lord
The MM's can intercept a bid before its posted through the shared exchange if they fill it fast enough. This also indicates heavy manipulation, as they are trying to keep their 'stink' bid on display as opposed to the higher bid you've just placed on the market.
Well, it takes a bit more buying power once we exit these extremely undervalued levels, so not quite that easy... but a buy of about 1-2M shares at market right now (approx $10-$14K) would push the price well above 0.02.
You can see all of this on the L2 quotes. The price right now is simply a manipulated number made via interpersonal trades during a slow period without much bid support.
News should easily change that status quo. What I personally would like to see is a 10-Q and/or 10-K for the prior year that shows the company trending towards profitability by sometime mid this year. My projections right now show that about mid-2016 would be the point where the new contract should hit the books in a way to achieve profitability.
-Lord
Floats so tight right now, that I can send this thing up 15-20% with a 100 share buy! LOL
Thanks Shazbat, I'm interested to hear his response after what he had stated last week.
Yep... just waiting on the company to get their dang accounting in line and start releases some quarterly filings to actually reflect the new business!
Good to see you here, I believe we both made some money together on BIEI and/or SBFM in the past if I'm not mistaken?
Some good contracts that will be playing into the bottom line eventually on this one.
Not a PnD. Inherent to PnD is the impending destruction and/or bankruptcy of the company. Not the case here.
Everyone needs to understand how the contract with MDI works.
They provide capital necessary to cover all operating expenses of the business. Essentially, RBNWE is an outsourced manufacturing arm of MDI. This means that bankruptcy is impossible without MDI also first going bankrupt.
If you take a look at MDI, and think they are going bankrupt anytime soon, you need to get yourself looked at. They are running solely on their own profits (which also recently expanded via new contracts in December). This is why much of this business landed by MDI will be flowing down in tertiary benefit to RBNWE.
This is why many are holding. Do your homework.
Good Luck to ALL
-Lord
Big holder trying to cap this thing... there is literally the fortune of a lifetime to be made here with a large enough position. I've never seen a float this tightly locked for a company with more than solid fundamentals coming into play within the year.
Good Luck to ALL
-Lord
Exactly... got some impatient holders on this board.
Need to learn that low volume environments only play badly for the side that is less patient; if all else remains the same.
Good Luck to ALL
-Lord
Seems to me like the cheapies are non-existent.
The current market value is clearly someone fishing for cheapies, but without any success. Less than 1M in volume; nobody selling.
Just need the buyer side of the equation to kick up a bit now.
Good Luck to ALL
-Lord
Whoever it is, really seems to enjoy the 236k amount as a faux ask cap.
The day traders always crack me up on these boards... have a down day and the world is ending.
Look at the overall trend on this baby... Up...Up...Up...Up...
It stays safely above all moving averages, rarely - if ever - testing them for a bounce and completing in favor of the long thesis every time; a bull in its truest form.
Quit worrying about the day-to-day here and just watch your money grow.
God bless Royston and Forward Ventures.
Very glad to get in early on this one. Check out their prior list of success; not sure if I've ever seen a fund with that many ventures bought out before, and they're in biotech too! The most lucrative, yet difficult buyout industry there is!
http://www.forwardventures.com/portfolio.html
It would be insider trading for them to buy shares pre-merger official PR, but I would highly anticipate they take a large stake once the filings go through.
Just my humble opinion.
Good Luck to ALL
-Lord
Guys, this float is tighter than I've ever seen on the OTC.
The fundamentals are aligned for a bright future, given the new contracts in December.
Hope everyone holding now has the strength of will to see out those new sales into the bottom line. It very well may be that they are not reflected until the 10-Q for Q1 - Q2 2016.
Once they do show through though... from running the numbers... my opinion is that this company should be hitting earnings equivalent to its current market cap.
Most companies trade at a minimum of 5X to 15X earnings. Some larger companies, like Amazon, trade at 500X earnings.
Needless to say... the upside from here should be a minimum of 500%, to even 1,500% or more.
Hold strong, let the new earnings shine through into the hard numbers in the filings.
Good Luck to ALL
-Lord
Glad to still see you here L2; been a bit quite on the RBNWE front right now. Everyone just waiting on that 10-Q.
I agree with the bottoming here, seems to be holding the 0.008 solid.
Should move up with new buyers from news.
Good Luck to ALL
-Lord
Stock Market = $ From the Impatient into the hand of the Patient
Which are you?
If you can read contracts and financials, you will see this company will be profitable in the same amount of its current market cap before year end.
Amazon trades at 500X earnings. We just need to trade at 2X to double from here....
Great, thanks for the actual response, instead of the accusations that I sold and want back lower and all that crap. This thing is clearly holding all its major moving averages, so anyone doing that is an idiot. I simply wanted some more informed investors, who've been watching this one longer, to give me their thoughts.
Your first point was exactly the breakdown I was looking for (i.e., what are the targets for the new PIII study compared to current baseline). Seems like it will be a pretty solid result if they can replicate the prior conditions; just need to make sure the trial is formatted correctly this time... especially since they even had an SPA the last go-round. I mean, for God's sake, whoever wrote that SPA royally screwed up if the results of the sub groups came out that favorably!
The second point is fair, and the industry has changed significantly. I'm glad to see he personally made commentary to it (I still need to verify that part). The advent and approval of checkpoint inhibitors was a huge step forward for the immunotherapy industry in general.
Thanks again for the help, and yes, that was even a key point in the most recent state of the union. The industry has been lagging in getting the federal grants into the more progressive industries, but it looks like that may just now beginning to change.
Good Luck to ALL
-Lord
I've got a starter position here but holding off on building a LARGE position on account of a few unanswered questions...
1) Why does nobody talk about NovaRx's previously failed PIII trial?
I read there were subsets that displayed extremely promising, significant results; but overall it failed to showed statistical improvement.
2) Why would Ivor Royston trash the company in this article but invest years later?
http://www.forbes.com/forbes/2008/1013/116.html
Thanks for any insights, would love to see this one succeed, but also want some more substantive discussion outside of "Cheers, GO VPRO" and "Look, a new website!" on this board.
Good Luck to ALL
-Lord
Are you not concerned of the NovaRx drug's previously failed PIII.
I see that they state it was on account of the trial design and that there were some significant successes based on various subsets of individuals, but they don't give too many specifics on that area.
Thanks in advance.
Good Luck to ALL
-Lord
Look, I'm long this stock and have a reasonably sized position...
but how do you figure this gets to $3/share this year? That is a 3.5B market cap... more realistically, I could see $0.5
Good Luck to ALL
-Lord
Of course... in both directions too... even that spike up to .011 was on essentially no volume, same as the dip to .079.
The only volume today occurred on/after the open when we were up near .012 and above.
10-Q This Week
Good Luck to ALL
-Lord
Agreed, if you take a look at the financials, it is easy to see that the company is on the verge of becoming profitable.
The $1M contract should be able to push them into the black, even without any additional revenue from the potential assisted care center deals (which would amount to a much larger deal than $1M if they landed all 500 for replacement/upkeep lighting).
As predicted, the games and tree shaking will continue until those numbers show through on the hard SEC filings. Would expect nothing less.
Good Luck to ALL
-Lord
Looks like we may have finally gotten rid of the last weak hands on Friday... only time will tell.
So far, so good, today though.
I would also recommend you all check out VPRO as well; not nearly as explosive, but a more sustained run built on some solid value. Holding the technical moving average beautifully over there.
Good Luck to ALL
-Lord
So 170k share buy gets us to 0.05?
Lookin' reallll gooood.
Good Luck to ALL
-Lord
Sad to see less experienced investors getting fleeced like this...
The volume today barely equates to a third of my own personal position.
I won't be selling a single share until halfway through 2016, at the earliest. The fundamentals here are undeniable, company will become profitable this year. Until that attracts new buyers, this is all just pure trading games and manipulation.
Good Luck to ALL
-Lord
We'll see about that next week...
Did you see how I substantiated my comment with some logical support. Care to do the same?
I'm open to hearing an actual rebuttal. It allows manipulation... but that is only bad if you give in and sell to it.
Good Luck to ALL
-Lord
Down 40% on less than 1M in volume, what a joke of a move...
Please save your buying power for the 10-Q release. That would be the prudent strategy, not trying to buy now when it doesn't matter. The SP could go to any number today and it wouldn't matter.
ALL THAT MATTERS IS THAT THERE ARE A LARGE AMOUNT OF OUTSTANDING SHORTS, NO SELLERS, AND AN IMPENDING NEAR TERM CATALYST.
You and gotosleepjj need to chill and enjoy watching the shorts scramble to drum up volume right now. Longs are in the advantaged position from the low volume.
Good Luck to ALL
-Lord
On the contrary, this low to non-existent volume is actually precisely what all longs should be wanting right now.
You've got to think about the implications of what this volume shows and the ramifications in the current context of how the fundamentals are to play out in the near term:
1) There are large short positions currently outstanding
In the past two days alone, 55% and 40% of the volume (respectively) were short sales. This puts outstanding short positions at around 8-9M shares for just those two days alone; keep in mind, this does not factor in any other outstanding shorts that are still holding from the initial decline in share price this past year.
2) There is no selling
The low volume also indicates that there are essentially no willing sellers at these currently posted market prices. This has extreme implications for those shorts trying to cover their outstanding 8-9M in shares. If you look at lvl 2, it would drive the share price up to over .05 to fully cover those amounts.
3) There is no new buying (yet....)
This is the last piece of the puzzle that is 'buying the open shorts time' at the moment. Since there are not currently new buyers stepping in, it allows the shorts to stall and try to manipulate the low volume to cause panic selling, thus allowing them to try to cover their open positions. Unfortunately for them, this strategy doesn't appear to be working, as the volume has been anemic at best.
ONCE THE 10-Q COMES OUT AND NEW BUYERS STEP IN; THE SHORTS WILL BE FORCED TO COVER, FIGHTING FOR SHARES AGAINST THE NEW BUYERS, THUS CAUSING A SPIKE UPWARDS IN SHARE PRICE ON ACCOUNT OF THE LITTLE TO NO SELLING VOLUME DESCRIBED IN PART 2) ABOVE.
Those that can understand what I just described above, which I believe to be the majority of traders currently locking down the float, stand to profit tremendously in the upcoming days.
Good Luck to ALL
-Lord