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AM announcement was disappointment, but reading between lines looks like they could have positive news to report along with the financials soon. Price reaction was about what could be expected. I didn't move at right time to add near the low of day, but I added some at .0158, and I will not be surprised to see share price even or up by end of day.
The 3 month chart I just looked at showed a 3 month high when it passed .025, unless perhaps there was an intraday print higher.
I am wondering why they have not issued a PR on the patent application for Covid test. I recall in the past they said they did not issue PRs because it was too expensive.
Looks like the "editorial" praising SGLB's prospects was another paid puff piece, but it sure worked for a few minutes after hours yesterday! Wish I had put in a sell order when I saw $3.35! I still like the company and could have bought back at about the same as yesterday's close! (as long I sold the most recent shares and didn't trigger wash sale annoyances)
If these claims are true, and it would be foolish to file a patent if they were not well-vetted, and foolish for a respected Batelle alumnus to sign on with the planning, it would seem to me that we have a major winner on our hands!
Did you scroll through the site to "news?" You will see a notice dated May 19, 2020, stating they have filed patent application for sub-1-hour COVID-19 test, that will also be applicable to other viruses. They say that it differs from their previously developed test processes in ways that could not be disclosed until the patent was filed. I am quite sure this was posted AFTER close of market today. If they do a PR tomorrow somewhere other than the web site, the share price could jump significantly.
I added 10% to my position today, but I'm still not anywhere close to the number of shares I had before I gave up and dumped most of them over the past few years.
One would think that this sort of application would require terrific accuracy, perhaps even closed loop.
Folks who were hoping for .20 may get their wish today. Sorry I tried to buy just below the ask at open and missed it by 1/10 penny. Looks like someone sold below Friday's close, but no one was able to buy lower today.
They have been given a new deadline for reporting financials, but nothing says they have to wait it out to the end. I have a feelings the report is close to being ready and could post at any time. Bargain stock price may not last long, as I cannot imagine the report bringing anything seriously negative--perhaps a bit less positive than some of us are fantasizing, but it should show marked improvement from the lat report.
I really believe this about the most concretely encouraging conference call yet. To me one of the most positive things was the implication that NONE of the RTEs have resulted in a potential customer pulling out and saying, "No thanks, I don't think this stuff works."
I see through Edgar online that they have filed for a 45 day extension inlight of the ongoing pandemic disruptions, which cause difficulties in completing the report, and require them to add an additional risk factor to their summary. I am assuming this will negatively impact the price tomorrow, but perhaps provide buying opportunities.
For whatever it's worth, our "partner?" Materialise sees its share price at new high for the year today, on somewhat higher than normal volume. Hope we hear soon about "Sigma inside!"
That program looks like it was designed for us
At the moment this is just a speculative penny stock play, and I mean "play," but it looks like a real company underneath, just beginning to get customers.
It would not take much of an announcement of real sales to give this another triple, or even much better.
I may do some trading when it looks like things are swinging too wildly, but I plan to hold most of my position to watch things unfold.
It was $2.25 when I started watching it, down from about $3, and 12cents when I started buying. I have very little fear of not breaking even--even on my highest priced buys, not to mention my current average at about 3.5cents.
Has anyone here learned more about whether any collaboration of SGLB with ITOX is ongoing? ITOX is very close-mouthed. ITOX share price tripled today, but seems to be primarily with rumors of progress with Spanish company that was announced a month ago--while Spain was shut down. Has something to do with artificial intelligence, pattern recognition, and communication between machines. All in the general range of what SGLB is working on, but I see nothing new about collaboration since we first heard of conversations a long time ago. New personnel at both companies since then.
I would predict Posco manages some further delaying technique. Perhaps Kudlow should quit giving medical advice like he was a few days ago, and get on the phone to S Korean business regulators
Far from worst company! Just a very small company, with very little commuication, not really acting like a "public" company. The recent volume is a result of some excitement, probably through some sort of "tip" site, related to their announcement of collaboration with another company. I, for one, had wondered before that announcement if they were even still in business, though they had announced a small acquition back in the Fall.
WHen they get around to filing a 10K we will know more about what they are up to, and a tiny bit more about their future plans. At that point one can make a rational decision about the stock. Until then it is all pure speculation, and perhaps hype (up or down) by outsiders.
On the basis of their recent announcement I added very lightly to my position, under a half penny, thinking that if ANYTHING at all that they ore doing pans out, the company is worth more than $250,000 market cap. (of course there may have been new shares issued that we don't know about, so market cap may be more than that by now)
Thanks Hog, this is all very encouraging.
And if you read the article carefully, you see no indicatin that SGLB is actually being used in the current production runs, only that what SGLB offers is "needed." It seems that there is a lot of potential, but the actualy realization of it keeps being pushed back.
Our "partner" Materialise is on fire today. Hope they are making sales with "Sigma Inside!" I think the jump in MTLS has to do with possibilities of more parts-making opportunities for medical equipment. The peopole who printed scarce ventilator parts for a tiny fraction of retail cost were featured on national news a couple of days ago. One would think medical equipment would require certification similar to aircraft, but what do I know?
NOT fake news! Especially when you see the scientist's updated clarifying statement rejecting the idea that his study was "wrong" before. He believes the reduced projected death count is because many of the suggested mitigation steps have been taken, and the numbers are still unacceptably high. With both Prince Charles and Boris Johnson now testing positive (though no info on to what extent symptomatic) the exhortations to extreme cautionary measures and needed preparedness are ANYTHING but fake news!
Not sure what the status is of SGLB partership with ITOX. Haven't seen anything for a long time. When the cooperation was announced, perhaps 2-3 years ago or more, ITOX was trading at about $2.25 and SGLB perhaps a bit higher ($2.25 would be about $22.50 now, unless it was 2 reverse splits back--I haven't checked exact dates). Anyway, ITOX is now about a penny without any splits.
I have purchased about 10,000 of ITOX shares between 7 and 12 cents, so have a very small investment down about 85%--only slightly worse than my SGLB investment.
I thought of writing to Rice early this week or late last when ITOX was sub-penny at about .003-.005 to say that if he could determine clearly that ITOX was actually still in business, it might be an opportune time to buy just under 5% of ITOX with loose change and work on further collaboration. It has been almost impossible for me to get ANY information on ITOX except for a news release about every 6-9 months. (if you write the company you get a canned response to look at the news releases on their web site and that disclosure laws prevent them from saying anything more.) ITOX is not involved in Additive Mfg, so far as I know, but Internet of Things and process monitoring. Could be some interesting synergies. Maybe even things going on already that we don't know about.
Thanks, Hog. Your opinions are usually backed up with facts, much better than many people on some of the boards that I follow.
Hog, I like your $10 prediction for the year and believe it can be at leasrt close to that. I am assuming that in light or the general condition of market, you are probably less confident of your $3 prediction by next conference call. Or do you see new catalysts likely in the very near term to spike it?
I guess they figured out finally what to do with the cash they got from selling Florida Chemicals--give it back to Florida Chemicals!!
Both articles you post look good. The first one seems to suggest short-term upside potential if the coming quarter shows increase in revenue. I believe you are assuming no increase in revenue (correct me if I am wrong!) but increase in backlog, which could probably make up for that somewhat. I can't dispute your $3 prediction. It has pulled back from around $3 twice since I added to my position late last year, but a solid breakthrough beyone 3 would be very encouraging.
Sure would like to know! The company is tight-lipped. Wish I knew how to speak to one of their customers or prospective customers to get some hints about the actual business, their reputation, etc.
Their news releases indicate some very interesting things going on--every six months or so--but the total plummet in share price is scary.
Actually, the bid price was about this low many days all along, but the ask price stayed around ten cents or above, and there was usually a 100 share trade every day at about ten cents to keep it stable. Now, narrower spread, higher volume many days, lower price.
I have no idea whether this bodes good or ill for the future price! Hope someone closer to the company can post whether they are actually still doing business, without giving up any inside info. Seems to me if they are doing any business at all, with a bit of steady growth, they have to be worth more than current price.
(When I emailed the company, they said they could not comment beyond press releases, because of insider regulations, and referred me to the web page, whose address I posted)
Thanks. I appreciate your input. Your enthusiasm for the company is infectious, and I am heavily invested here, but I want to be realistic.
Hoghead7,$10 by fall. With the proposal to increase authorized shares, do you think a lower goal, such as 7-8, is more realistic, or would new money accelerate developments and make up for dilution?
This massive divergence of prices means no one really knows what is going on. Some people are happy to see it quoted at all and take the opportunity to dump some or all of their shares. Others see the increased activity and better market and are willing to take a chance on buying some.
If I had any real indication that (a)the company was still actively pursuing opportunities with their tech, or that (b) all issues were settled (such as a mess with somewhat unaccounted shares that were issued in connection with some false representations made to HABE more than 12 years ago) so that the company might do a reverse merger with an established company, I would try to buy below my lowest previous buy price of .01.
I have enough shares at more than .40 that I am not eager to invest more here without some kind of info (or even a believable rumor!). Not looking to dump, though, because if they can do any business at all they will be worth a lot more than now.
If the value on the books was written down because of anticipated lower or delayed revenue, wouldn't the revenue, when it does come, be booked and flow towards the bottom line?
Would be great to know what is behind the return to pinks! Could be something company has done to become current, but could also simply be a market maker has decided to start playing with it. I don't think the company itself needs to update things in order to get back on pinks--though I may be wrong.
I have held stock in this company for 30 years, traded a little along the way, but held most, after missing out on its one really big move in 1998 or 99, when it jumped up over 60cents for about ten minutes, on word of a deal that subsequently fell through. In hopes that something good may be brewing, I have a very small buy order in a bit above the current bid, and in case this is another false alarm, a small sell order quite a bit below the ask, but well above my last purchase price of one cent.
If their technology can be licensed to a major player, this has incredible potential, but the company has a sad history of false starts and disappointments, even with some apparently smart people working on the projects.
That should have been her reply to all of those who have allegedly talked with her.
I listened to the interview to which you posted the link. The thing that struck me most was that "carbon capture" has been inhibited by this issue of "what can you do with the captured carbon?" It looks like the collaboration between Exxon and FCEL is a way of turning captured carbon into something profitable instead of something to be safely disposed of or buried. ( I remember stories years ago of proposals to try to find ways of story waste carbon dioxide underground! ) I agree with others here that it appears that 50 years of seemingly unprofitable work by FCEL is now preparing to pay off, and probably big time. I am trying to curb my enthusiasm and not put too large a portion of my portfolio into one stock, but this seems like a potential BIG winner. (of course everytime I have said something like that on a message board, I have looked stupid a few days or weeks or months later, so don't buy on my word without doing research on your owh.)
Also looking forward to conference call on Tuesday. Here's my take on probable price action this week:
Up slightly on Monday as people anticipate good news.
If conference call confirms good news most are expecting, there should be uptick as former skeptics start to get on board, even though, as some have said, most of the good news is already baked in to share price. If the favorable info from call is widely disseminated, some new folks should get on board, giving further uuptick late Tuesday and Wednesday.
If the call announces a major new project or partnership, we should see more of an uptick. If the new project comes with some sort of corporate or government non-dilutive financing, we will see even bigger uptick.
If the call indicates proposed issue of lots of new shares to finance projects that are already in the pipeline, expect a pullback--this is about the only scenario in which I can see the price going down after the call, barring cancellation of a previously-announced project or partnership.
I am glad I got back in after selling most of my shares years ago after bad earnings and reverse split. I was still holding a small piece--less than 100 shares after the reverse split before the most recent one, so they were showing a purchase price of about $40+ per share. Now adding steadily as able and not expecting any bad news. Of course we can't expect this to go straight up, as there are lots of price targets out thre for "sells," but I am quite hopeful for both near and long term.
If the company is working on a warrant buyback, as I believe you imply, this must mean they don't anticipate needing the $4 per share cash infusion from exercise of the warrants. Expecting good cash flow or share offering at a price higher than $4. That would be nice. My personal feeling is that the increase in warrant volume indicates speculators simply working with a lower priced vehicle than the stock, coupled with clever market maker games. I will try to sell some my 7000+ warramts when they get seriously overpriced.
For whatever it's worth, warrants have traded more than twice the volume of the shares this morning! If you are interested in buying, put in a low bid. Last week the "offer" was in the .50s/60s, maybe higher. I put in a bid on Saturday at .47 and it filled early this AM--but no transactions show up on most of the news feeds that high. Must have been sold short to me by a market maker who quickly dropped price and covered at .30/.32 from someone else. I still calculate that warrants under .60 are a good buy for anyone who expects stock to go to $10 within the life of the warrants.
Very useful! FCEL had met those $.50 and $1.75 targets before most people saw the piece. I am sure many are taking second looks at their estimates and targets!
They just announced that two of their directors resigned, for "personal reasons, and one more with no reason given as I read the announcement. This is usually not a good sign. However, this company still have good sales and earnings numbers, and I don't see it going a lot lower unless we get news of some sort of fraud--which is always possible
If the predictions for time perioda are all in the same order as the identifiers on the top line, it looks like "A" with prediction of $.95 was closest to correct on the first round--End of Year prediction.
I had really hoped it would stay over a dollar all day today and for the rest of the year, but looks like I will keep waiting (and accumulating) as for the past 7 years.