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Somebody with a large amount of shares could walk this down pretty easily by selling his own shares to himself in 90,000 share lots just to accumulate cheap shares which could very well be what has been happening over the past few days. An attempt to manipulate the pps to discourage others into selling and then just run it right back up again.
The ask is so thin that this buyer could run it up pretty darn quickly if he wants to.
Hopefully we will claw our way back to .58 over the next few days which is where it belongs right now.
It's frustrating to see the pps fall these past few days, but on the bright side, I was able to buy a ton of shares cheap and averaged down. Feel sorry for those that had to sell because we will have a payday on this probably sooner than later. GLTU
I would sure hope so since it's worth .50 in cash alone. The thieves ahve had their way with this over the past couple of days and scared off the retailers. They probably either have enough shares or can't get any more so we will rise from here.
SWEEEEEEEET!!!!!!
This is like shooting fish in a barrel.
MM's a making the job easy here.
Yes, I got a bunch of them. Trying to get more right now as we speak. This thing is trading below cash right now so it is a bargain basement price. Hoping I can pick up another 50K shares today.
DNDN could be a possible buyer also. John Johnson, CEO of DNDN is chairman of the board of TZYM. He has a pretty good resume which includes Eli Lilly, Jonson & Johnson, and Pfizer. You know he has been talking with his friends about TZYM. Anything can happen IMO. Either way, your investment is very safe at the present pps imo because we are just trading at cash and the MATCH technology and possible BMY milestones have added value. It will be interesting to see how it shakes out.
Still selling at cash right now so it's a bargain at this price considering their MATCH technology vale and the BMY milestone possibilities. Major holders haven't sold a share yet. Someone kept buying the heck out of it yesterday at .48 so I think we've seen our bottom.
By the looks of yotr picture, it looks like you are at the Garden of the Gods in So IL.
Agreed! Bought 30,000 more shares this morning at .482 and feel pretty comfy.
That we do indeed!
I hope it happens sooner than later.
Maybe after he gets enough shares, he'll have the bucks to run it up to .55 again where it belongs at a minimum.
There is one very large buyer out there today at .48. Keeps putting up 100,000 buy blocks at a time and when they get bought, he puts up another 100,000. Has to be an institutional buyer imo.
I was able to pick up some more this morning at .482. Hopefully the seller is gone and it will rise now.
154,600 bid @ .48 and 100 ask at .4849. Definately support here. I say we close at .52 today on no news.
Looks like someone wants a very large chunk of it this morning. 90K bid at .48.
I would guess that the burn rate has been ratcheted down quite a bit since the last quarter sinc they put themselves up for sale so that would make them survive even longer. A small offering may be needed if they drag out the sale process but I believe BMY will strike a deal in April.
Don't forget MATCH and the BMY milestone possibilities. That's why it'll sell way over .50 cents.
Sounds good to me because I would make a ton of money. Only question is are the big holders willing to accept that price since they have a bigger stake in it than that. HIG and BDC both have around $3 in it per share and they may squack at anything under $2. BMY has some pretty deep pockets so they may pay $3 without a blink of an eye. We could have a real lottery ticket here. The risk is certainly worth the price at these levels since it's just trading at cash Only downside would be a long drawn out sale that would burn up the cash on hand. I'll hopefully pick up some more on Monday morning if they try to drop it.
I think the smart money knows it too. AH yesterday saw someone trying to drop it to .44 again to scare off the retailers so I put in a 20,000 buy order at .48 and only got 1,000 shares. I'm thinking Monday, the MM's will probably try to scare a few off again so I'll have my finger on the buy button in the first minute of trade in the event they try it again. Anything under .50 is a gift at this point.
Here's how I See it. At the end of the 4th qtr. they had 15.7M cash on hand. At my estimated burn rate of 3.0 M for the first quarter almost completed, add in another 1.6M from the BMY deal, the net cash on hand as of the end of this month should be around 13.0M which should put us at .50 per share cash only, which is what we are trading at right now. The MATCH technology has value and the only question is, how much. BMY is willing to pay 80M for each milestone and they are the ones footing the bill for the research and development. BMY is probably looking at this and thinking, what the heck, if we buy out TZYM right now for just $1.50 per share, we are only paying 41M for the entire company which currently has around 13.9M cash, not to mention the equipment and furnishings which is probaly worth .5M The net real cost to them for the MATCH technology would only be 26.6M when you back out the current assets which would be a real steal for them considering they are willing to pay 80M milestone payments for each development not to mention the royalties. Don't forget also that they have to make another 1.6 M payment to TZYM in the second quarter under their agreement. It just makes sense to me that they will strike a deal somewhere in the neihborhood of $1.5 unless the big holders want to hold out for more. I think it's a no brainer at this point considering it's trading just at cash.
agreed, My 20,00 share after hours buy order at .48 only got filled for 1,000 shares.
I'll buy all the shares that are put for that price.
No worries, I just put in a 20,000 share order to buy at .48. That will keep them from messing with us. If the sell to me, I'll put in another buy order.
I was wondering where you was today. Don't stay away so long.
O.K., I just got the rest of them but I had to pay .515. I'll put in another order for a lower price in the event the mm's try one more time before market close. Anyone know what time the earnings release is going to be?
tried buying 10K at ..50 and only 3.800 filled. Ask is thin.
O.K. twist my arm. I just picked up another 10K also.
So tempted to load up a few more shares right now, but I better not. Pretty heavy on it already. Can't see any reason why one shouldn't buy right now, but better safe than sorry
Got it!
What do you mean by 1041?
Looks like either the MM's took out some stops this morning or someone has fat fingers.
My hunch is that the pps will rise. They have cash in the bank, possible milestone payments, and not one of the major holders has sold their shares. BMY would bode well to buy them out now, rather than pay the milestones.
Thanks for the info.
Insider Buying? Some peeps on the yahho board say that Geert bought 384,000 shares on the open market today. Anyone know of the truth to this?
Not too many peeps want to let go at these levels. None of the big holders have sold yet because they know it's worth much more. Thursday's earning release may shed some light on the progress. Keeping my fingers crossed.
Took a position today. I think she could rise from here.
At this rate, the volume today should hit a record.