Agreed.

At this rate I wouldn't be surprised to see 1.00 by year end.

It was the 2nd quarter earnings report and commitment to the "core business" that really put the nails in the coffin here.

Wonder how low this will go?

Weak sales and uncertainty in their industry certainly aren't helping.

Well, I sold out my full position at an average price of 2.15/share prior to this earnings release. May revisit this in the new year as tax loss selling and impatient investors may drive this lower still. Great time for more Nierenberg buying!

GLTA

Looks like you timed your buy well!

Still here, still looking for a silver lining.

He's our biggest fan apparently.

This latest news of the Saudi bombing will most likely drive oil players and oil service providers like FTK upwards for the near future.

Its always on the table---I was here for that option or a cash dividend. Now, with volume greater than 500k for the last few days this week, maybe more insider buying or possible news on the horizon. It is gradual and careful loading that I see on the bid currently. GLTA

Interesting play over there. Might do some DD on that later this week.

Solid decision in hindsight---wish I had considered the same course of action when this crested $4!

Still here---still holding...not the exact turn of events I (we) was expecting with regards to the cash windfall and potential courses that could have taken.

That being said, I've seen that there has been some solid bid buying this week against the backdrop of weak oil prices and continued uncertainty in the market---this bodes well after weeks of stagnation since the last ER.

Here's hoping that lower oil prices encourage the use of our product further now that expansion is out of the question for most small and mid cap oil operations.

You never know!

The volume on the uptrend is substantially less than what got us into the high 2.80's---I feel like this is now just playing along with the oil and gas fluctuations the more we hear nothing of their long term plans (minus the recent spate of hiring of course).

Yup! The silence is deafening.

I subscribe to their linked-in page for corporate updates and they are continually hiring new sales and operations people.

So, they're alive at least.

Steady selling pressure this week and last has finally dipped us below $3.00---great time for flotek to announce a stock buyback imo.

I feel this to be the most likely option at this time. The hiring of the new head of sales signaled their intent to keep moving forward as a going concern.

From $4 to almost near $3 in the same month on no news but the general market sentiment.

Here's to some form of announcement in the near future regarding said cash hoard.

Looks like a run over $4 will happen today. Can't wait to hear more details from FTK about their plans for said cash hoard.

In for 5k shares after hours at 0.535/share GLTA!

You don't care. That's fine. Feel free to click ignore on my messages going forward.

Nice close at the high of the day. Go FTK!

No idea what that guy's deal is--people post entry and exit prices on stock boards all the time. Thanks!

Out at 2.23 from 1.66. GLTA

Snagged 1k at 1.66 for a bet on upwards movement today. GLTA

It has to be. We have bids in excess of 2k size all day long.

This is the first time in a long time this has rallied with up days consistently in a row. Maybe David is still buying?

Doing 500k in volume with a high at 3.81 before 9am my time PST.

I'll say...

Feels like a CRL coming to me. Someone always knows. Heck, there was even a news story a few years back about some FDA insider caught trading on advance knowledge of decisions for biopharma companies.

Not saying this is happening here, but it certainly isn't trading like bio stocks that eventually received an approval--and I've been in loads of them.

Looks like I made a decent call with getting out of this from 1.51-1.42 after the flash crash last month. Something feels off to me and it is trading very similar to SOMX did before it got a surprise denial on its PDUFA date.

GLTA I really hope I am wrong here---I love the drug, but does the FDA?

David certainly is on a buying spree, isn't he?

https://www.secinfo.com/dSA9p.y2e.htm

Very interesting indeed.

That is quite a vote of confidence there.

We'll see what happens to this share price once we get clear direction on how they plan to use their influx of cash. Not sure what the timeline is on that being announced, but it's another iron in the fire as it were.

Looks set to dip below $3 this week.

This stock is certainly interesting...

If this recovers to even today it will be clear that the shares were found to cover.

Grabbed 5k shares on this dip.

Strong after hours movement today. Wonder why?

Yup!

That is why I continue to maintain a non-trading core share count here. Too many irons in the fire in addition to solid financials to really worry about much.

Crazy to see this now trending up a little bit more with the markets continuing into murky redness.

FTK is green amongst a sea of deep crimson. Fascinating.

I'm not saying buyout...but it feels like a buyout.

Anyone's guess right now---but unless they went to Vegas and gambled away that windfall between the last report and now---I can't imagine bad earning being delayed for any reason more than good earnings.

Weird---no earnings yet. Never seen this be delayed before.

This move is confirming my thoughts from last week. GLTA

No we are up on average volume---earnings report should be interesting.

I've got a feeling about this one.

Let's see where this goes this week and next with volume.

I have played enough of these going-into-decision biotechs in the past to know a move like this, if consistent, is the beginning of buy the rumor--toward positive news.