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Amen!
Try April 2006 for length of stay. Who can top that?
If my recollection is correct, it only takes board approval to authorize additional shares for issuance. That is a fairly simple process for a company of this size. Basically, they will never run out of shares to issue. Just print more should they desire.
It is now official. I have thrown in the towel. I have stuck with this Company too long. I will now use my shares for toilet paper. What a disappointment. Sorry fellow longs but this does not look good.
I agree and surely thenewmixer will sell. I give him/her credit for in and out buy/sells but awfully risky. Live by the sword and die by the sword.
I'm not sure what you mean but that is ok. Most posters don't appreciate the "rah rah" one week and the "this stock is terrible" the next week. Most are simply interested in facts that support a position one way or the other. Enough said. Happy Thanksgiving to all.
We don't have a difference of opinion, at least you don't have a difference of opinion with me at this time. I have been long this stock for more than 12 years. I have difficulty keeping track of when you are long or when you are short this stock. Good luck to all true longs.
I'm sure you do!! Keep up the good work.
Thanks for the information. See you at the PMCB party. I can't wait to introduce myself to you.
I will be wearing one of those name tags and hope to see you there. Go PMCB and thenewmixer.
He sure is and so are you. Keep up the good work.
How many? 100 shares? Keep up the good work on this board. I love your style.
Is it safe to assume you bought this stock recently and are now making a push for it to go up? You are one amazing individual.
That is what I thought took place during the last run up. However, that did not end up being the case. I doubt it is happening now.
This is so true. We have no idea what steps are still required and these press releases are nothing more than teasers. You almost get the feeling we are being dragged along for the ride. I don't like that feeling.
Ditto!
Well stated!
Outstanding Shares - As of April 30, 2018 we now have in excess of 1 Billion shares (1,013,260,644 to be exact). The Company sold an additional 66.239 million shares between May 1 and July 20 for a minuscule $.0225 per share to garner and additional $1.5M. Total shares outstanding as of July 20, 2018 are now 1.079 Billion. 2.25 cents is significantly lower then prevailing prices on the open market during this time frame. This tells me PMCB cannot get any investors to commit funds without literally giving away shares. I was hoping the Company was selling blocks of shares on the open market during this time period to get a lot more cash and bang for the buck but nope. Cash on hand as of July 20 is around $1.9M. We will need a heck of a lot more cash than that to get thru these various key milestones especially with the cash outlay given to the directors every year - and their annual salary continues to increase. Talk about frustrating. I need to perform a gut check on my ownership here. Signed - a very frustrated long term holder of this stock.
Larger sales transactions are likely management selling their own shares and/or management issuing additional shares for internal funding. I only hope it is new investors but I'm skeptical based on past activities.
Agreed! Pete, why did you put this out there? You know that is fake news.
Someone needs to be realistic. 20M is high volume for this Company in recent times but it is not insane. ONLY 2% of outstanding shares were traded today. That is peanuts.
Here we go again. Back to being a naysayer.
You got it with a 25% drop in price. Oh well.
I agree with you 100%! There are enough shares outstanding and I would much rather see cash raised at .10 instead of .05. BTW - it is possible that some cash was raised at .05 because that is when you started to see the beginning of end of day high volume trades for several days in a row.
April 2006 for me - 12+ years as well. Don't forget about oraphyte which brought me initially to this company - (EFood Systems). I must be crazy but I will ride this to the moon or ride it into the ground. No in between for me.
You must be talking about a different stock. There is no such thing as low float for PMCB. I wish it were true but it is NOT.
I remember you as well. Always positive about and patient on PMCB. Good to hear from you again and glad you hung around.
So you own over 1M shares based on your multi millionaire status if it hits $1. I must say I find that VERY hard to believe based on your constant negative feedback in recent years. GLTA true longs.
Yes it did but with a LOT less shares outstanding. We have to keep this in perspective. GLTA longs
I got in for oraphyte as well. I believe the "big boys" found a way to kill that product. Just goes to show you the hurdles that must be overcome before you can truly get something to the market. If lots of big boys don't want your product in the market, they can make it go away. I hope we don't get stymied here as well. Those damn patents better be solid.
What is weighing the share price more than anything at this time is the number of shares outstanding. The market cap is $50M right now. A $50 million market cap five years ago would represent a .20 price - not .05. We continue to pay the price for continuous issuance of new shares. That being said, this could be a $500M market cap if we get any traction with the IND and positive results from the trials. Perhaps even more assuming we don't sell out on the cheap.
The positive is they are buying at market rates. The negative is the market rate is .05. The lowest the share price has been in 3-4 years is .03. Unfortunately that is what happens when you dramatically increase the number of shares outstanding during the same time period.
This has always been my biggest concern with PMCB and that is why I asked for your source of the additional 100M shares. The share count was under 200M when I made my first investment. I understand these share counts will continue to go up until we sell out or go bust but I wish it weren't so drastic. As outstanding shares increase, my target exit price decreases.
BTW - I own 9 times the amount you do and am just as concerned.
Thanks for not answering the question. Their share count has been around 950M to 1B for "awhile" now. I thought you were indicating they put out another 100M recently. I must have misunderstood your comment. I only wish they had the cash in hand to provide significant funding that is still required. Good luck to all longs.
I may have missed an SEC filing. What is your source for the 100 million shares? PMCB has sold very few of these on the open market thus far (probably less than 10 million based on daily volumes). They may have (or will) sell to institutions or individuals but I am sure at much lower prices than current market. Funding is still a real concern if they are throwing around 100 million shares. They need to consider the debt markets as well.
I personally believe these "huge" block sales over the last week are coming from the directors themselves and/or through the issuance of additional shares (still need some major funding for IND submission and trial preparation). IMHO
So much for filing an IND during 1QTR! PMCB management is now on record stating they "expect to file an IND this year". Those are the exact words in the recent 424B5 documentation. Now they have an out until December 31, 2018. Besides being totally disgusted, I don't know what else to say. I am now pondering my holdings with this Company. Time for me to dig deep and make a sound decision. Good luck to all longs.
As some of you veteran stockholders will recall, Chardan Capital was charged with selling Company shares for future funding needs. This arrangement was established in 2014 and included them actually buying some shares I believe around .25. As mentioned in the recent 8-K, Chardan is no longer the authorized agent for PMCB. This simply tells me that this third party was unable to find new funding resources over the four year period. This should be a red flag for all of us especially with what PMCB management has been telling us in the last few years. AEON will be in the same boat as Chardan. No funding, and I mean no funding, will be obtained until there is material proof of a sound business plan. One does not yet exist. That makes me extremely nervous. PROCEED WITH CAUTION.
I believe 12 years qualifies as extreme patience. Enough is enough. Get that IND filed and best before the end of 1QTR as promised in the last ugly CC.
Very disappointing news hidden within the 8K. If we don't file an IND by end of 1QTR as basically promised, I am gone. Too much BS going on. I really hope (which is not sound for investing) I am wrong.