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Actually starting to feel like something is happening here. Conspicuously no word on the trial that ended a while ago, and now an influx of operating money. I think there might be some momentum on the sale of the company.
He and his brother have been big angel investors for decades. They aren't majorly publicized because they don't manage a public fund or anything, but they've been around for a long time.
How much upward pressure does it take to break that .185 wall?
Now somebody's trying to tease the price down. Weird day.
Anyone want to interpret the meaning of this? It seems to me at this point it would be very difficult to get someone to put significant money into this company without some sort of solid evidence that big things are happening. But...I don't think as a public company they can go around shopping news that hasn't been released to shareholders.
I don't know what it means, but it's definitely interesting. It's been a while since....anything happened.
Agreed. I think there's a ton of potential here, still, but I took my profits to unlock my funds for some better short-term plays. I think I'll be able to get back in at a good price in a couple of months.
I've been watching for a while but just got in yesterday morning. It feels like good timing, but then again the price has been pretty stagnant for a long time.
However, company is EBITDA positive with plenty of revenue and future cash flows, about to ink a deal that should help them plan to tackle their debt issues.
Overall...I'm just floored that this isn't trading higher. I'd put my price target for EOY 2016 at $1.00.
Probably not.
In the event that there's a positive result and Shire is prepared for Phase II or III, you'd think they would just analyze Intellect's patent portfolio and offer to buy the whole thing based on their asset valuation. That's the only potential positive interpretation of the silence that I can come up with.
More likely we're just holding shares of an empty shell that doesn't have any cash to continue operations.
Do you really think the company is at the point of a potential Chapter 11 filing? It looks to me like their assets still exceed their debts by a ton. They should be able to liquidate and stay afloat (at a much lower valuation) without having to declare bankruptcy. I'm feeling very confident that .20 is the bottom, especially if zinc prices continue to rise.
Also, zinc prices just jumped back up above .72, which is the highest it's been since November. If this reversal continues I expect the sentiment to change here as well.
If they pay their creditors by 2/1 like they said they would then I think this moves, but we're obviously running out of time.
Remember that hilarious note last year about more frequent shareholder updates?
Makes sense given the unnecessary number of press releases.
Any thoughts on the pending class action suits? It seems to me that there would have to be some very obvious undisclosed or deceptively disclosed financials in order for the suit to succeed...so much can be reasonably chalked up to bad management, which I think is an implied risk.
Fair enough...SUNE looking strong today, and even stronger if you've made some technically possible but statistically improbable trades over the course of the day.
You realize the company has something like $8 in actual cash per share? How do you figure it drops to .005?
What? You've said nothing for days except to stay away from this POS that going to plunge to under $1. You mind telling us what changed your mind so completely?
This is exactly what we want to see right now. Big investors come in when the confidence has returned. And as we've all seen, the perception is everything with a company like this.
Remember, you haven't made $1 until you sell...
Where are the results of the FA clinical trial?
What? Nobody thinks that. Obviously getting a patent approved is actual news and not a pump. The issue is that the company needs to make money, and it's unclear whether or not this actually gets them any closer to being a growing, profitable company.
The problem is timing. If fuel prices weren't at record lows right now the company probably would have sold the Eureka stake already and completely bailed themselves out.
Yeah, the distinction is in filing for Chapter 11 and actually being broke--which is the unknown. But you're right...extremely rare for commons to get anything out of this.
Pretty sure there are hundreds of examples of this.
The gamble here is that with a rise in oil prices or a higher-than-expected valuations of their holding, there will be no BK. Given the steady production figures, if the company is solvent then the shares are worth a hell of a lot more than 2 cents.
But that's just my 2 cents. (Sorry, couldn't resist.)
Buying time. I'm interested to see how this is interpreted by investors.
This is a steal.
I see what you're saying, but just as often in these cases something good IS happening and we (i.e. the general public) just aren't aware of it.
Beginning to feel like the bottom.
Filing and communications again. Reminders that people are still trying to make this company work and/or sell it.
Nope. Wait, did you just wake up from a five-year-long coma? Actually, in that case, still no.
Losing money tends to have that effect on people.
I don't think you know that the activity this week is dilution. We know they diluted last quarter, that was noted here when the financials were released (and everyone suspected it would follow the R/S anyway). But despite your insistence that everyone else is spouting misinformation, you don't know if the activity this week is general interest in the company (due to nearly completed trials maybe) or dilution to raise funding.
I like having someone with a level head on the board, but your penchant for fact versus fiction seems somewhat diminished by this "my opinions are facts and your opinions are lies" attitude.
I agree; someone might make a lot of money off this one day, but it isn't going to be any of us.
The company might have promise, but the stock feels like a complete and utter disaster pretty much all the time.
Yeah, it's pretty clear there's been dilution recently. I'm just hoping they're using the cash to actually advance the business in some way. Of course, since they never say anything meaningful about their plans, I have my doubts.
Oh look! Nothing.
Weird traffic today. I'm wondering if it's just people from TDA who have been looking to unload but hadn't gotten the new issues yet.
I still haven't been issued new shares. What about you guys?
I would have thought the same, but there have been three separate trades at $5.00. I think the mistake is intentional, meant to temporarily inflate the price. No real value in that, but someone seems bent on it.
Good catch. I read 3,100, which would make 12.4, which I rounded up. Should be 124 shares, as you said.