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Shylo, a big thanks to you and others for bringing this up over on $heff's board. I got in yesterday after a quick DD session courtesy of you and others. This one is rolling today.
Congrats on the nice trade. Can never fault anyone for making a profit on a trade!
I did the same but kept a bit of a position b/c I like this into March/April and possibly beyond. Feel like a natural pullback mid-week will be good so we can consolidate and rise strongly through the 1.8's later this week/next week.
GLTA here. It's a good company with lots of promise IMO.
I second that. I've been majorly down on WGAS for a long time but hope this rise helps everyone get their investment back. I have no idea what "commitment" means, but regardless, I hope the leg up gets everyone into greener pastures. y'all deserve it.
DCTH: 1.56AH. Will see the pullback through tomorrow IMO. Lots of people in from the 1.4's. I still like it through the next two months or so. But the volume correlation to limited price movement still bugs me. Anyone have thoughts here?
$HEB: The thing that always scared me most about this company was how many people referred to their product as "a drug in search of a condition to treat." That always seemed like a recipe for disaster, which we're seeing now. I agree with $heff - hope no one held onto this after it's (minor) runup.
I'm bullish on DCTH, but conservatively so if that makes sense. I'd like to see the 1.5 mark established as our new floor with a steady rise through Feb. The float is around 40M right? As I mentioned yesterday, I'd like to see a run upward to our 200MA with good volume pushing us.
B - there are many other examples of companies JUST like this that have fleeced holders. EFIR is infamous on iHub for that kind of behavior. It may seem rational to just think, "I have nothing to lose, I'll just stick around..." but when you consider the potential for another R/S...then another...there's a chance your share count will continue to dwindle until you're literally left with 100 shares valued at .0001 apiece. Even if you can recover 20% of your original investment by selling it's worth it.
These links paint the entire picture for investors X. No other post from anyone on this board has shed so much light on who the management of this company is. They literally sum up this operation in TOTALITY. This guy has extracted what he could from WGAS, and is going to run the same deal with two other ventures. My guess is his next operations will somehow have a few "pre approved loans right around the corner." It's stunning that he can get away with this.
It's infuriating shareholders who did little wrong aside from believing their nonsense will be the ones to get burned. There's a special place in h*ll for people like him.
The behavior is criminal. It's sickening that people were lied to in this way. And the act this IR team is pulling is disgusting.
I'd like to see the volume continue. Not totally sure why some see CLSN's failure as great news for DCTH but maybe I'm missing something. Their products are different. Either way a solid play IMO. Would be great if volume helped it approach it's 200MA in the next month or two. GLTU sir!
Not trying to defend anyone - but any investor who "loads the boat" based on anything anyone on iHub says - no offense - deserves to ride that boat down if it sinks.
Everyone - do your own DD. Make your own investment decisions.
DCTH: Some are speculating DCTH could see a direct impact from CLSN's lackluster results. Should be interesting moving ahead to see if that's true.
It's not. But at that point - IMO - the question became "can they ever get it back under control?"
I just don't know if a company like this had that margin of error. If it does, great, maybe it'll recover. But I think assuming that it absolutely will is dangerous.
I also can't imagine they'd wait until the end of the month if the data were bad. Pure speculation on my part, and yes I hold a few so I want to see good data...but seriously. Why put the spotlight on themselves like this if it was negative? Am I missing something? I just can't see any other outcome other than positive as a result of waiting until the last day of the very month they said results would be out.
Doesn't it just seem ludicrous for a company to go through this circus and then release negative results? I mean they'd have to be insane, right?
Just a lot of speculation on Twitter. Wouldn't surprise me if it was ultimately true, but right now there seems to just be a lot of chatter. Who knows. This thing has been so crazy.
As down as I am on WGAS - and it's WAY down - I agree with that statement 100%. To his credit, Tony hasn't come out and tried to salvage anything, he's let things happen. For better or worse he deserves credit for that.
Part of me is wondering if things just got away from them? Did they misjudge the impact the debt conversions would have? Pure speculation on my part, but I've started wondering if perhaps they thought they'd be farther along on some things and thought they could neutralize conversions more effectively? No idea, but it could be some explanation of what happened here. Snowball effect, y'know?
I'm not willing to give them an inch for the most part but I do actually wonder if things just went awry with a broken pipe, or lack of an ability to secure loans they once thought they could and then everything just piled on to the point where (at least in my mind) this thing can't ever recover. Who knows.
APPY 2.23. Anyone still in this one? I kept a few shares b/c of catalysts this year that could drive it higher, but it really tumbled after its CE mark. But now it's really bounced despite no massive build in volume. Just curious if anyone kept a few shares or has thoughts on the turnaround.
Anyone else getting whiplash from the past couple weeks of trading here? This has been a wild one. Hopefully we're approaching an end to it all and we get an AH PR tonight about a CC tomorrow AM and results. GLTA!
This has been really solid considering a high float on APPA. I feel like APPA's movement into march spells good things for those of us in DCTH (float of 40M) and others with PDUFA dates in spring/summer but with a lower PPS that allows for some big volume buying.
This is a great post, and so true. Well done.
Hey if it's positive we'll take either one right?!?
Fantastic post Pushor. I'm glad more on this board are starting to point out the obvious: that this thing is going nowhere but into the trip zeros. The only question now isn't about loans or flow rates or anything else, it's at what point the next R/S arrives. "Shortly" seems like the most appropriate word.
For what it's worth, the last two Phase III announcements with the buildup of CLSN were SRPT and ACAD. SRPT announced on a Tuesday (10/3), ACAD on a Wednesday (11/27). And both issued AH releases the night before announcing a conference call with investors the morning the results would be released.
So my guess - and it's just that, a guess - is that we'll see a similar release AH tonight or tomorrow and results will be Tuesday or Wednesday. I've personally never seen any large Phase III results released on a Monday but maybe others have a different experience.
I'm also pegging them to announce and host a conference call with investors for results if the results are positive. Adds to the "grandeur" of the whole thing.
Audacious - on the topic of these loans: holders here should ask themselves one question and answer it honestly: if the company is pre-approved for 8.5 million and has been for such a long time - and in theory has a well pumping oil and are "producing revenue" according to their IR folks - shouldn't that have been enough to push something through?
You said it best - a lot of potential catalysts that have been in play for far too long.
Hope people are starting to listen to you, Chris, JL, me, others trying to ask legit questions on this thing. But I doubt it...
You're hitting the nail on the head. I hope some holders here listen. What is so damaging is these "pauses" fool people into thinking a stock has bottomed, and people jump back in thinking a turnaround is imminent. You read it here every day. Then debt holders basically play them for higher prices. (which is your point I believe). The carrot is the "pre-approved loans."
First of all, a "bounce" from here does nothing to help shareholders reclaim lost value. A bounce is a 20-40% rise off the bottom. Yet people that bought in around a PPS of .07 (only a few short months ago) would need a 460% rise to see that share price again. That's not a "bounce." Maybe if a shareholder has averaged down they would only need a 200% rise or something but even so, that's a heavy, heavy rise to be counting on given how many shares are out there. (And that doesn't even figure in the value lost in the R/S, where "more valuable shares" ended up dropping to pre-split values). And you're assuming this is the bottom. What if it's not?
Second of all, you post on flow rates and the loans, yet in reality no one has any idea about what WGAS is pulling from the well or actual amounts since WGAS hasn't communicated about that in a long time.
Have you ever given thought to what would happen if, like so many others, the well doesn't turn out to churn out "best case scenario" rates? Especially given the fact that they only get a fraction of whatever it produces anyway?
C'mon...
DCTH: One thing to note - unsure if it's appeared on the board: DCTH already has it's CE Mark in Europe. That of course doesn't translate to FDA approval, but it certainly means the company's product has been put through the paces by other regulatory bodies.
Clearly nothing that had any lasting relevancy. Pointing to a July PPS as any sort of beacon of what's to come makes no sense given the behavior of this thing since then. It's down 90 percent since the timeframe you cited. And that doesn't even take into account the R/S.
X - no one is telling anyone they shouldn't buy this thing. But some perspective is important. And constant positivity around a stock that's dropped 90 percent in less than a year seems unreasonable.
The reality isn't that "bids are stacked!" - it's that WGAS has dropped like a stone for months on end, management has basically unplugged their phones & last updated their "blog" months ago, the OS keeps rising, a pipe that could be producing revenue has been problematic, pre-approved loans haven't materialized, updated flow rates haven't been reported, no one has any clear idea of any volume from the pipe b/c WGAS won't speak...the list goes on. Those are facts - it's not just "negativity from bears."
"The chase is on!" "Sideliners are getting worried." "The bears are in trouble!" "The shorts are gonna be burned!" Seriously!?!?!
X, he's not that far off. When the announcement came that the pipeline was fixed and producing oil again - an announcement some had speculated would "turn it all around" - the market yawned. Saw a rise of .001 or something like that and closed at .025. Nothing impressive about volume. Less than a week later it was around .0125.
Not saying the pipe is irrelevant, but I think it's worth pointing out how the market has reacted to flows and/or potential revenue.
Jas - you've pointed out winners left and right for weeks! Well done my man!!!
Another R/S?
I read your post - terrific info. Do you know what this rule is called? I fully believe you, I'd like to just see language, etc. If you don't have it off the top of your head no worries. I was just curious.
CLSN: I kept a small position after exiting after its recent run upwards to 8. I kept a small "lotto" position in case of big news/results. But this recent PR is interesting bc for many (including myself) it hints that this Chinese company had to have done their DD before making an investment decision and that they moved forward with their investment seems to signal ducks are in a row on the CLSN side. This announcement just seems to hint at what's ahead IMO.
Should be an interesting week for CLSN holders either way. GLTU
This was one of the more bizarre FDA approval plays I've ever seen. But I think shareholders still around in 3-6 months are going to see a nice steady rise over that time. Hopefully we shook everything out last week and can now proceed forward.
I tend to agree with you. Unsure how any company would do their due diligence on the technology and enter into such an agreement if they didn't have access to data. In my mind this is a great sign and a nice indicator (outside of the data) of what we can expect this week.
Ok, perhaps the way I put it was flip but is the concept not the same? No one can argue the recent volume is in any way helpful unless you're taking the view that "it has to run out sometime."
The CD volume might be finite, but are millions of those shares not entering the market? Whether they were filed or not, done above board or not, they're still coming into the market. And in turn someone buys those shares thinking WGAS has reached the bottom (you see it on the board daily), then when those shares lose value they in turn put them back into the market at a lower PPS, trying to salvage their investment. That creates a cycle of downward pressure.
Well put JL. Anyone pointing to any volume here this week (or the past few months) must be ignoring the resulting PPS. "Volume before price only works" for a company that isn't going to simply print a few more million shares.
I'm actually with you here. I initially was planning to exit upon approval b/c I expected a higher run. Admittedly. But when you consider the next 6-12 months for PATH, I think the strategy of exiting up 20% now (if that's your gain) or waiting for a higher PPS are both going to be good for investors. It's really whatever your choice is. With FDA approval you can't go wrong either way IMO. It's that approval that means we'll all be fine either way. JMO.