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Also the biggest problem was the tutes and analysts were in cahoots with the BOD and that’s why nobody ever had the leverage to challenge what was going on before it was too late.
Anyone with a basic business degree could figure out the cost cutting actions needed to happen. Don’t give too much credit for the obvious move. All this tells us is they back to stage 1 status. Which means new rounds of funding it.
I’m just saying if you wait until you hear it from KB then there may be nothing left to save my friend. It’s harder to accept defeat than hold onto unfounded hope. There comes a time when the theories and hopeful dreams need to end. For me it was the tutes exiting....if deal was possible the benefit would enable carrying it longer or carrying some of that risk. The pulling of your stage 3 and going to essentially stage 1 was a total reset. It’s obvious what offering at these share prices would do....and it’s obvious with lack of future information a RS offering will have to occur as well. So you have 40m sitting in the bank and you do this? Sorry bud it’s a tough sell.
Precisely. Feel fortunate you can get near 1$ a share and relieve yourself of this burden. If turns it will be far down the road and with different shareholders. Should’ve known the science not so great when the best they could find was KB who rode his last company to death as well. Or not make excuses for the AXAL pull. The science isn’t good enough or not repeatable.
JCK, if they had any hope whatsoever of landing a deal they wouldn’t have chosen now for an offering. They had enough cash to hold out if there was any prayer.
It will be reported when he is asked about it during the CC. The writing is already all over the walls. No sense believing otherwise.
Where was the AXAL discussion? Like that isn’t in every shareholder’s mind. Please don’t leverage down all. No risk in waiting. Get in again after Reverse Split and before the meaningful NEO or HOT data appears (if it does). Truth is the science isn’t good enough as is to line up any deals and their only chance is NEO and HOT. All legacy shareholders are being sacrificed. Don’t make the bag any bigger please. Get out and just learn and move on. Smart money left for a reason. Save whatever you have left and don’t get duped into trying to chase a dead cat bounce.
So you come to market when stock is at the cusp of delisting when still have twice that in cash on hand. Why? Because you know no partnerships available with what you have for cash upfront. So then why now? Because you know this with AXAL shelving takes this below 1$ and you will have to do another offering with a RS to stay listed as justification. Allows for two solutions instead of 1 after CC. Guy everyone here I had taken losses. Being negative or real isn’t bad. There really is no way to spin it. Legacy shareholders just got killed whether they know it or not. Only ones have a shot or new shareholders after RS.
Can’t spin the implication. So they still have money but decide to massacre shareholders and put the stock into delist category for 20m only? Like that is going to be enough....nope they know this will put them delist category and another offering with reverse split coming. What does it mean? ABSOLUTELY ZERO interest in partnerships right now. Honestly, idk what their science is even worth anymore.Dan and the BOD have completely eroded the company. So happy sold out most my position I was net positive in and was able to unload rest at 1.11. Sorry guys this is game over. Only hope is NEO and HOT and that will be for the new shareholders. KB just put the knife in legacy owners whether you see it or not.
Well I’m completely out. Ate the loss on my remaining shares to save what equity was left. No catalyst this is headed to sub 1 and then reverse split needed to just stay listed. I might come back, down road, but no point hoping anymore.
Well no deal but one that was negligible. Now as expected dilution. The only hope is a reverse split not needed and NEO/HOT start producing positive results. Which is awhile off. No other real catalysts left. Even that is something we have no idea whether be good enough or not. Happy I dumped all my shares and just left with the ones I’m underwater at a 6$ pps. Maybe in a year or two I might see. If reverse spit comes then this becomes a writeoff and decision be if you believe in NEO and HOT and adxs enough to buy more again. Sorry guys I know lot of you were hopeful.
Ya maple all those 39k shares were under 2$ buys with a good chunk at 1.23. So tiny profit overall from those but I have over 50k loss built in my remaining 11k shares. Which I hold on a prayer but I’m just tapping out hoping for a short term spike and prepares to lose the rest I have in the 11k shares remaining
Finally tapping out. Unloaded the 39k shares I had a tiny overall profit in. Holding my last 11k with a 6$ price point as a future tax loss or if somehow someway HOT or NEO take off then I’ll see my equity return. This has awhile before it can rebound with their reset. The risk of them not finding a deal and needing to go to the arm again is just getting too high. To stay exposed in attempts to get even on a pt move up that may not come for a very long time. Good luck to you longs. I’m still hopeful my original 11k shares one day find real value in a science that looks very promising still to me. It’s a reset and the tutes left because they know it will be awhile before this starts trending back up. Which in that case it also dependent results are good enough.
Your response also shows how little you know. The reason the share price is so low is because the basic math that has them running out of money in 2Q next year. Which means without a deal there will be dilution coming. The price reflects this assumption and will do so until KB can provide a deal that provides cash relief. The cash to fund NEO and HOT. We all aware with change in direction this stock really isn’t a stage 3 biotech anymore. However, it also isn’t a stage one either. Once cash issues resolve the stock should go back to fair value trading and move as the results from NEO and HOT roll in. You either believe he will land a deal or you don’t. It obviously doesn’t look good they pulled their submission prior to trying to find partner. But AXAL isn’t the only deal that can be made. Also just because it was pulled doesn’t mean it’s not got value. Perhaps they were told they need another 100 patients. Well in that case with the baseline results of first 50 there would be value to come in and take over from that point. He is being honest that the market believes more a deal won’t happen. However, I just don’t feel that is truly the case and I think KB knows an ATM dilution will devastate all share holder value. If it was the old leadership I would be gone. Not a bunch of reasons to believe but I have always believed in the science and that’s is why more and more companies like GILD via KITE are trying to get into this arena in some variation. Until dilution or deal everything is just speculative movement
NEO and HOT will not be any near term or mid term catalysts to share price. This next earnings report is going to set a clock for KB to make a deal. We will know exactly when they will need more funding. This stock hangs in that balance. A deal that alleviates the dilution concerns is all that matters to returning this stock to where it should be and no longer under manipulation. If KB can’t land a deal the dilution story line will only get stronger and if/when it happens the stock will take a considerable hit. Then we will be waiting out another year in hopes that either NEO or HOT are the game changers that will show us returns. It’s really just as simple as this and the rest is just idle convo. I believe KB will find a way to end the dilution concerns.
Idk there seems to be a lot of swings in emotions here. I just read along and accept the environment and play it accordingly. I have 40k shares I’m playing long with a 2.60 pps. As of right now I believe a deal with be made that will resolve the short term solution concerns and a jump in share price. This will all be the catalyst towards their new focus on HOT and NEO. I still believe some type of relief will be taken over more dilution and that’s why I hold my position.
That being said I’m not tripping out about this range bound movements. If you don’t think there is manipulation when stocks hit these level then you really don’t pay attention much. So what I do is also play the range with them with 5–10k shares and just take short term gains.
Management picking up shares, still enough cash to not have to dilute this year. Which is good because gives KB more time to find the right deal. They finally reduced staff and redirecting towards more promising commercial opportunity platforms. Always possibility total buy out. There still enough bull reasons for me to hold my log position. I’m certainly not worried about the movements. Let the manipulators play. If you believe in the strategy and KB getting a deal and the science then it will all come to head soon enough. Just play the range trading as well. If you are bearish there really is no point of continuing to follow this stock or even comment here. The run was tasty but at these levels with the potential catalysts in place and cost to short you play with fire as well. Better to just move on to the next stock. Seems like a lot of wasted energy. I also don’t think anyone here is delusional to the Bear basis for their side of argument.
When a stock price reaches these levels, and they are not stocks that come off the penny stocks, they come under heavy manipulation that is very difficult to break through. It takes something significant to get out of the range manipulation games. To me the only catalyst near term for that is striking a deal for AXAL or of any kind that eases dilution concerns. Then this stock should be trading in 3-5 range depending on the deal. Until further results from HOT and NEO come available there really is no other future catalysts outside of complete buyout. I believe KB will strike deal. This stock you can no longer consider a late stage biotech. They need the money for a reset towards hoping HOT and NEO are actual game changers.
Been awhile since I’ve posted, but always following along with my 55k shares at a 2.70 pps. Truth is when stock prices fall to these levels it opens them up to manipulation on the highest levels. This will all come down to a deal being made to eliminate dilution needs or another future shelf offering. I personally like how new CEO is doing and believe he lands a deal. It is still nice to see the rhetoric get more positive.
I have been buying the whole way down. At 50k shares with a 2.17 break even pt. Here is why I am not panicked. I guess if you want to believe Ted and Mitch want to get hit with lawsuits then look at the actions by the company. 1) people truly believe Verizon would not have done due diligence and have more detail than the retail investor?-I don’t and no Verizon wouldn’t have just given away moviefone for a right off 2) would all these high level employees come into the company and on the tech side without some type of assurance of having jobs past 3 months?
Now look at what could cause short term spikes or even flip the shorts on their heads-
1) HMNY becomes MP and announces they secured a big line of credit that covers their growth strategy into next year. This alone would cause a substantial bump
2) AMC or other theaters recognize the advantage of added traffic and come to mutually beneficial deal with MP. Don’t follow the rhetoric that the big theatres wouldnt want to lose all the added traffic from MP and fallout of some ppl never coming back because so use to the deal already.
I am not a fan of Ted but Mitch isn’t an idiot. It’s basic math and they wouldn’t have taken this strategy if knew could only last for half of 2018. They have no debt. I believe they have a plan. I believe their focus is on improving the tech side and getting the abusers out.
I could just be a sucker and part of lawsuit against Ted for several lies and general fraud if they go under but at this actualizing big losses to avoid total loss at this pt isn’t worth what riding it out and making full recovery and more possibly
Guessing my total investment of 20k shares is completely useless. Well this can sit in my portfolio to be used to reduce taxable income at year end or next year. Or pray for sale of company.
So in Q&A who is ready to call BS? I guess this is why they no longer buying shares. Funny if they so confident why not bulk up position at low price pt? And give the shareholders some of that so called value and confidence.
I didn’t need this call to vote no all along. Such a joke
Waiting on this conference call. Can’t wait to listen to this manure. So not only did they side step shareholders to dilute at bottom price pt but after doing so dropping the clinical good news to boot. This board is pathetic and is there a reason we don’t find a permanent CEO? Or they still hoping to get approval and then sell? May be our only prayer under this pathetic group. I know I’m done buying to reposition.
Reading a lot of comments and the logic behind many people’s opinions sounds good. However, if the company and the BOD is so sure why wouldn’t they added cheap shares unless they knew it would go even cheaper. Honestly, I feel at these prices if the BOD doesn’t add to their personal positions then I believe we only have one true end point and it’s the other end of the 20 pt hopefuls. Stuck repositioning trying to keep break even close enough for any good news. However, this stock doesn’t have any good news to look forward to even as a possibility for a long time.
I almost started laughing when I got a phone call asking how my 15k shares know to vote. “Already did”. Then they asked how did I vote, and if I voted with the board. My response, “So you guys go silent for year, buy no stock yourselves, have missed every deadline, and provided zero shareholder value, actually think I would vote for anything but no across the board. Why would I vote yes to further dilution when you did nothing to slow the onslaught we faced all year from manipualtors. Sell the company to a management team that is competent is the only time I’ll ever vote yes with this sad group