You can't always get what you want, but if you try sometimes, you get want you need. Rolling Stones
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Just saw CEO Stanford Health Care on CNBS talking about drive through test in the SF Bay Area.
Why cant Cohen of BioReference Lab get on TV as well?
OPKO, how about a PR as well?
Still waiting for someone to call into MAD MONEY and ask Kramer if he knows about Bioreference Lab setting drive thru tests in NY and be able to service 5,000 - 10,000 people a week and possible more in FL and TX. And how this will effect OPKO the parent company of BioReference.
DeGen
Someone needs to call in to Mad Monay and tell Cramer about the Bio Reference Lab being a part of OPK and their testing in NY
why would any short NOT try to get out ASAP after all the news about the millions to be made by OPKO's lab from the tests. How much pain can the shorts endure as the price rises rapidly from $2 to 3 and beyond. i foresee a gap up in the AM to $2.2 - $2.4.
DeGen
Ps; It appears that the only thing on the news over the weekend was about COVID-19 and the testing for it. This was 24-7 and should continue for quite some time.
It appears with the screw up in the test kits issued in the past by the CDC, plus the delays in having all the tests sent back to all the way to Atlanta, states like NY are taking matters into their own hands and using private local labs to get fast and accurate tests by Bio Reference Labs to get the job done. I am sure the Feds are picking up the tab from Bio Lab for the testing as Trump indicated all tests would be free to the public.
I would guess that many other state governors would follow Cuomo of NY in using these private labs to start testing in their state. This method of testing should spread like the CORVID 19 virus itself (sorry for the awful pun). I would imagine that millions and millions of tests will be conducted. Everyone is worried about this disease and with the slightest sign of illness, will get the free test. There is no down side to getting tested and who doesn't want to be on the safe side.
I just don't know what testing labs the other states will choose, but having a national lab like Bio Reference already doing it in one of the largest states, many other states should follow that lead.
What this does to the OPK stock price can only be good, as the additional income income from these tests will be enormous.
Let's try to find out who will be doing the testing for the other 49 states. Can those out there call their local health officials and find out. Then please report in here.
De Gen
Ps: I jumped into this a little early last week at 2.55 when I first heard about how OPK would be involved i the testing. Then, the shorties hit this real hard with their bullshit. I did buy more at 1.84 to lower my basis ands still believe $3-4 by the end of the month is not unrealistic.
Some simple math to see the top line income added by the tests for each quarter.
65 weekdays each quarter
1000 tests each day ((low end of estimate)
$55 per test
$3,575,000 increase in income
All conservative estimates. May work extra shifts if demand justifies. My guess is the government will be buying lots of tests.
Not too shabby!
DeGen
After being in this stock for many years, I sold out when Frost had his problems with the SEC. But, I still follow this board now and then, only to find out OPK may be good to own as this Corona virus spreads. So today a backed up the truck at $2.55 and bought a shitload of shares. This stock appears to be one of the few that is not hurt by the oil price drop or the virus spread.
I know how most hate to benefit by the world's health problem, but one is investing to make money and find winners in a losing market. Having been hurt by this stock in the past, it needs to pay me back!
DeGen
Ps; I still believe in the 4Kscore test which will eventually make tons of money for OPK.
After watching this company for many years and being in and out of it over that time, I again believe its time to be in and I got back in at $2.22. I feel the down side is at most to $2.00, and the upside is $5-6 over the next 1-2 years. After so many things have gone wrong, its about time things start looking up, especially for the 4KScore test. This test is the real thing and it looks like its finally getting the recognition and acceptance by the doctors and the approval agencies (especially Medicare). The profits from this test should start showing up on the balance sheet and maybe OPKO will finally be profitable.
Does anyone here know if the dividends qualify to be taxes as capital gains if the dividends are automatically reinvested in stock shares. It’s called a DRIP plan if the company’s dividends qualify for automatic reinvestment in the company’s stock.
Opko continues its climb back to $4. No SEC to stop it now. Hopefully $5 by summer. Why not, the price now does not reflect the value of this company, especially if it starts being profitable.
It appears the ambulance chasers have found another ambulance to chase.
When OPK held steady in yesterday’s real downer market, I decided not to wait and jumped back in at 3.30 and I’m glad I did. Over the years OPK was rarely under 3 and usually bounced back when it did go that low. I bet we see the 4s maybe 5s if we get a good quarterly report and Frost keeps buying. I also bet OPK will be profitable by the end of the year.
i have been waiting for Opko to clean up its legal mess with the SEC to reenter and now that's done I ready to get back in. I was hoping to get in under 3 but those days appear to be gone. I will wait a week or two for a dip and hope it comes. I sold right after the SEC news hit, after buying in a few days earlier, which was quite a bad hit.
Cramer tonight - unless Frost comes on show to explain situation, stock gets no recommendation as in stay away
Let's discuss the possibility of bankruptcy. In bankruptcy a judge is appointed to handle ERHC's assets and dispose of them quickly and for what ever the market will pay for them. What's to stop SEO waiting for the bankruptcy to occur and pick up the assets at the bankruptcy sale for likely pennies on the dollar as is what happens most of the time. If SEO is truly a billionaire he could outbid anyone. If the bidding went crazy, the extra funds would go back to the shareholders, so the higher he bid the more his old shares would be worth. SEO can not lose in bankruptcy, if he truly has 30-40% of the shares and cash to outbid others at the bankruptcy sale.
SEO is in a win win situation, so he should let ERHC go bankrupt!
Although all of that is probably true, that truth will not be unveiled for quite some time. In the mean time, the SEC black cloud looms over OPKO and will remain there for some time. Few, if any, financial managers will be willing to invest in this stock. Who could possible give OPK a buy rating? Without any institutional investors, it is likely the share price will continue its down slide for quite awhile. IMO, the share price will hit the 2's before the end of the years and possible the 1's in 2019.
13 shares traded today. That's 13 milrays, not even one tenth of a penny. I wonder what the commission was on that trade.
With the dark clouds (SEC) hanging over the company, I would wait for clearer skies. Not this week, not this month, but check back in about a year. This share will continue to bleed for quite awhile.
Are you saying that Dr. THOU didn't use a diving rod?
oh wait, maybe I shouldn't say that because it may be libelous (LOL).
You guys are too much and do not realize how difficult it is to prove libel and likely neither does ERHC.
There is certainly enough "proof" from the Forbes lists to justify such a statement. Therefore no libel (and certainly no slander per se).
One should ask SEO why is NOT on the Forbes list, if he is in fact a billionaire.
My guess would be SEO has "no comment".
Who won't want to be on Forbes billionaire list "IF" they really qualified?
I have NEVER "heard" one word "spoken' that was slanderous against ERHC, PN, SO or SEO in the last 10 years. one should know the definition of slander before using it.
Well said NWT, I am in complete agreement. Discussing the TRUTH about ERHC (especially its colored history) must be disclosed frequently to prevent future investors from going into buying this stock blindly. The circle can try to dispute the facts, but the truth will prevail and must be continually presented to the public. Full disclosure is the reputable thing to do, so I wish the circle would stop complaining or fully disclose what they indicate they know.
Libel suit? Is there an action against ERHC (PN/SO) for libel?
IT'S ABOUT TIME!
nwtf, there is a possibility that ERHC will have oil in 3-5 years, However, the odds are likely a million to one!
If SEO, really wants to take Erhc private he should be able to do so WITH EASE. If, as indicated here, SEO already owns a substantial percentage of the outstanding shares. Let’s say, 40%. So all he has to do is slowly buy an additional 11% of the shares to now control 51% (if he and his friends already don’t control 51%). Then he could initiate a proposal to take the company private for a 25% premium over the current share price, let’s say the current price is 2 milrays. No one could legally object to such a high premium as buyouts rarely exceed that kind of high premium (25%).
So all those in the circle would receive 2.5 milrays for all those shares they own, SEO would now own the company outright as a private company. THE END!
According to that site it appears every trade is a short.
I would like just one person here to come forward and state they have actually shorted this stock. Any takers?
Good luck on communicating with SEO! (or PN or SO for that matter)
IMO, there is only one person who actually believes that short selling exists in this stock at present. The fact that the share price is 1-2 milrays indicates that it is vitally impossible to short a stock with this kind of price. Anyone can check with their brokerage firm to see if shorting this stock IS possible and will find out it CAN NOT be done. Therefore any discussion about the stock being shorted or that shorts exist, is a bunch of HORSE HOEY.
If I knew that there was going to be a “test” I would have studied. I guess you caught me “short”
Is there anyone here who hasn't seen the government make a mistake? Enough said!
You say we need the truth to come out fast. This is the Federal Government OPKO is dealing with and they work at their own pace. If they realize they are wrong, the investigation slows to a snails pace and will put off any formal admission they are wrong for a long long time, if ever. I have had this experience with another stock I owned and it took years for the government finally formally drop the charges while the cloud of guilt hung over the company for years. I do not expect anything different from the SEC in this case as there is no incentive (or legal requirement) for them to act expeditiously. This is why I got out of OPKO as soon as possible having seen this happen before and do not believe the "attitude" of the government has changed.
your opinion of lawyers is spot on and they will try to suck the life out of the company. What a shame for the shareholders.
I believe Dr. Frost as well. However, there is now a big black cloud over Opko whether Frost is cleared or not. In any case this black cloud will linger over the company for months/years and WILL depress the share price. What new investor wants to take a chance on a company in this situation? All institutions will no longer be buying OPKO for a long time as well. The class action attorneys will have a field day with this stock over the next few weeks. Even if the financials look good, the big black cloud is just too much to overcome for the next year or so.
Ps: I will check back every few months, but if you mark this post, I bet I am correct. Don't try to catch a falling knife, even if there is a Doctor around.
Sold the 10,000 shares I bought a week or two ago at $5.60 for $4.50. Just too frightened of what’s to come next week.
Cramer's advice has made me lots of money. If there is one person you should take advise from, its him. He is not ALWAYS right, but a real winner most of the time.
Tonight on Mad Money, Cramer had nothing good to say about OKPO and the SEC allegations. SELL - SELL SELL
I am not very happy about my buy a week or so ago, after waiting a year or so to get back in.
Association does not prove guilt
My guess no one has been able to sell shares at 3 milrays over the past year or so. Those 3 milray trades are ALL buys by uninformed buyers (friends and relatives that relied on hearsay). Today, you can't even sell for 2 milrays. How disparaging, if you own lots of shares.
But the volume is up! 4 mil shares traded (less than $300). Someone should tell their friends and relatives to load up at 1.8 milrays.
You say, "surprised they didn't lift the halt today. wow. not good"
I'm Not sure if it is good or bad.
OKPO management MUST answer questions satisfactorily BEFORE halt is LIFTED.
The ball is in OKPO's court. I would bet Frost is meeting with lots of attorneys as we speak to resolve this matter ASAP. His reputation is on the line and he should come out with guns a blazing. It may take days or a week or two to make sure ALL his ducks are all in a row. This is a VERY serious charge and Frost will not take it lightly.
All we can do is sit, wait and hope for the best. (a prayer or two would not hurt)