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Remember that offering of stock and warrants @ $2.85.
I almost feel bad about all my whining.
The only possible winners on this (besides the shorts) are officers, directors and employees, if they get granted additional options at lower prices.
Don't be surprised when option re-pricing news crosses the wire. If so at least I will be given another opportunity to whine.
Don't you just love small cap stocks.
JMHO
hentied
I THOUGHT ROB2315 SAID "SELL AS THE PRICE IS GOING UP"
I think we are suppose to be buying now....not selling---geesh
Added a few hundred shares this morning-----tapped out.
To further support your assertions, APRI's market cap is less than $65 mil. Further there are likely less than 1,500 shareholders at any particular moment. How many of those shareholders actively trade? 300,500,1000,all 1,500? APRI's "real" float (shares actively traded not including the shares held by we persistent longs) must be extremely small.
I am not an option guy, some of you are. I ask you, "How easy would it be to manipulate the share price of a company with the above parameters? How much capital would you require to manipulate the share price on a given day? How many shares would it take? How many options?
My guess is that until there is real news (positive or negative). The share price is a function of the number of LARGE active traders, who desire to manipulate the price to optimize their short-term trading income.
Stated differently were all fxxxxd until something happens to generate meaningful revenue. The share price is in the control of a few large players ".". Which is the primary reason you do not want to even think about buying shares with margin money.
AIMHO
hentied
very nice post. well thought out.
hentied
IR especially external IR organizations only know what they are told.
They do not have free reign about an organization's concerns, future goals and plans beyond what they have been told by management. Not, if they want to keep their jobs anyway!
You really can't get much from IR, that we cannot surmise on our own here. We have excellent posters here.
JMHO
hentied
1st, I own over 12,000 shares of APRI.....not a basher
IMO, Every day there is not a launch is another possible down day. Why? Cash flow, or lack of cash flow.
While there is plenty of cash in the bank, there is no source for cash. There are potential sources for cash, but until a SUCCESSFUL launch no new cash coming into the til.
Every day that goes by, means less cash in the bank and the probability of further dilution increases. thus the decrease in stock value.
I agree that on the surface there seems to be a game of chicken going on between Abbott and APRI. Who can wait out who.... no launch for Abbott vs ability to find additional sources of cash for APRI (launch elsewhere, upfront fees elsewhere, dilution).
Unfortunately, we shareholders bear the brunt of the standoff,...if that is what is happening.
Still long and strong because I believe APRI is now "centered" on a path of success rather than the scatter gun strategy of the past.
hentied
Thanks for the reply. Still hope then!
Hoping sooner than later.
Tone of older posts was discouraging
A delay into 2014 might be tough on future cash positions.
Catching up. Have question.
Recent posts make it sound like Canada launch is now 2014.
Is this known or speculation?
Any updates at all?
I agree, I too am looking forward to the day of a climax with the low 6's that Vitaros promises.
Must be a lunch break
As an exercise, only. As I decided to entertain myself with the what if stated earlier.
You have bought 500,000 shares at $5 or about $2.5 Mill
If you sell all shares at $3.00 to $2.60, you would net about $1.4 mill and lose $1.1 mill.
But say you could now buy 17.5 mil shares at $2.60 per share, instead of $3.00 per share.
at $2.60, $17.5 mil would buy you 6.7 mil shares.
at 3.00 $17.5 mil would buy you 5.8 mil shares.
Result you purchase an additional 900,000 shares and it cost you $1.1 mill, for about $1,20 per share.
Bad news is not good. No doubt. Let us hope the aforementioned rumor is not true.
On the other hand, if there is no bad news, exercising at a lower price is always an excellent strategy. buy low, sell high.
The exercise is a total $ amount. The buyer would want as many shares as possible for this dollar amount.
Again all speculation, and worth no more than speculation until we know the facts.
You own 500,000 shares at $5 per share. You have the right to purchase an additional $17.5 mil shares at market. Would you throw all 500,000 shares on to the market to drive the price down so that you could purchase the additional shares at a bargain price?
I might.
If this is the case, the only losers will be the ones that sell their shares on this downturn. If this is the case after the seller buys the additional $17.5 mil directly from the company, the price goes up.
Why?
Because they would not gamble the other $17.5 million. They strongly suspect that the company is close to launch.
All hypothetical and speculative, but you have to wonder.
Could this be an attempt to drive the price down for the sake of exercising the remaining $17 mil at a bargain price?
Some other nefarious plot?
Or insider leaks of bad news?
Whatever it is, I don't care for it.
Damn, I am all out of powder without going to margin. Krap!
From a fundamental and technical standpoint APRI is ready to go higher.
There is only 1 missing ingredient. Does APRI have a profitable product that fills an unmet need?
The BOD thinks so and so do I.
The new CEO was the latest indication.
The new CEO is a process guy, not a research guy.
The emphasis has now changed to delivering a product rather than finding a product.
JMHO
hentied
I'm done. Loaded, no more buying, no margin used.
GLTA
Is any poster on this board attending?
Price is moving long, smoothly, upward, with the help of Vitaros we can get through resistance.
price is executing slow and steadily upward. Eliminating resistance a little at a time.
Just like the "new" Apricus.
next stop $3.35 - $3.50
price around Damaj's last days?
We should have already recovered from that event.
Let the fun begin!
Only goal left is to execute.
New CEO, sell building, dispose of non core units, sell non-sexual dysfunction assets.
A lot has been accomplished in 6 months.
The company is now ready to execute, IMO we are very close to launch.
I have a boat load of shares from the $4.20's. I am at an average of about $3.00 per share.
Not worried at all about my average. More concerned that I am running out of time to average in additional shares at the pace I was adding.
I admit I am out of control.
Purchased more shares today. Much more than my usual averaging-in amount.
Which means I am now buying on speculation that sooner or later is now very soon.
yee gawds.
hentied
100% love the recent moves by the BOD.
While these will create huge write downs of intangibles, these moves will in the end save cash. Obviously they will generate some one time cash as well.
Focus, focus, focus. Way to go APRI
Bought a little more today @ $2.72
Good things ahead IMO
hentied
How do I put Carlo on ignore? I have had enough already!
Purchased another small amount this morning.
The acting CEO, as well as the COB and many of the board members are very experienced at running companies and maybe more important SELLING companies.
Maybe, just maybe, the lack of news on hiring a CEO is due to consideration of other options.
In any case, a CEO would be important for developing corporate goals, communicating those goals, focusing other corporate officers on achieving those goals.
In this case the goals have been established and communicated. Implementation (that they can control) is rather straight forward.
This is no longer an "if there is a payoff" this is a "when". Personally, I can wait.
regarding the proceeds from the sale of the building:
I believe that the proceeds pay off the $4.1 million bonds recently renewed.
If I am correct, these are the same bonds that were recently extended at the cost of additional warrants being issued.
Someone else can check, but it appears the proceeds from the sale after selling expenses may be $200-$300 thousand SHORT of paying off the associated bonds.
If my memory and assumptions above are correct, then the building sale will actually decrease operating cash flow by $300,000 or more.
hentied