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Phantom, one more thing to clarify. The career page on marker website still exists.
The prior speculation was inaccurate.
Thank you for your perspectives on how things went the way should go. Really appreciate it man.
Now things going to the better side but for sure we will have to be patiently waiting for another year. Just hope this time no hiccups.
I know you can definitely take that guy as stated in your alias.
I live close to Hamilton.
Ha, you got me.
I did not.
I bought at $10 and sold at .35.
I live close to the border as well, but on the Canada side, AntiMarv.
Every time I see your alias it reminded me our beloved friend Marv.
Wondering where is he/she now? Probably on another board to bash another stock and get paid well?
Yes, this is expected.
I closed my position on this one already before market close yesterday.
Looking for re-entry in .40 range.
You are supposed to buy the first round in Vegas. I am still counting on that burr.
And blue marlin still owns MRKR. He is just not on this board any more or at least he does not post anything here any more.
You can find him on stocktwits as well.
My good fellow Canadian.
Phantom, I know you are still here because fundamental of this company has not changed( I do pay attention to your post). The only thing added is the $30 mil ATM.
Some one can argue it is dilution. I can argue it is not, at least it won’t drive the price downward.
I took the opportunity to load more in the zone below 2.00. Mostly around 1.50 area and 1.80 area.
Now I might actually own more shares than you.
Anyway. People are looking for you and I point them to the right direction.
Take care and stay healthy!!!
You can IM him on stocktwits, blue is there too.
What news you were referring to?
Marker’s potential is way more than just a billion. Just marker alone if they did IPO like allogene they would be valued at 2 billions dollars. The fair evaluation is minimum $10-12 billion dollars if a buyout is happening. KITE sold for more than 12 billion for a treatment that might or might work and would cost patient an arm and a leg.
We are better in every way. Just 1 product get IND or approval from FDA would get the PPS way upwards.
With $12 billion dollars and current share structure we should be bought out at least $140 a share.
PR just came out. Looks like they just been notified by FDA. Or I guess the covid-19 made them working slow.
FDA orphan status updated yesterday.
SSR in place this AM, no shorts tomorrow. Gonna FLY.$$$$
Same to you. I have been here since 2015. I understand your frustration. I have discussed with everyone here many times, most no longer here any more, that put your anger on management won’t do any good. If you think they did crappy job then sell and take your losses. If you have a leap of faith in the management, please be supportive.
Glynn Wilson was passionate and very optimistic, clearly he was not suit for the job thus Peter boy got onboard and we saw some lights. But also means we are starting over from certain perspectives.
Blame it on management will not do any good. If you are super super unhappy with them, maybe consult with an lawyer to start a class action. I am sure many have thought about it.
Best luck.
My guess is that marker did not get advanced notice from FDA. I am sure tomorrow morning we will get a PR, since this was posted on FDA site after market regular trading hour close today.
Let me rephrase, there is no concern because FDA clearly indicated “orphan status does not mean that FDA has approved the drug. Orphan stays and FDA approval are not the same.”
The orphan status can be designated but not approved at the same time.
Orphan designation in very common in bio tech. Please do your own research and you will see.
I don’t want to write the full statements because I assumed everyone has the ability to perform basic research.
Thanks
Not concerned. It is already designated in the status. This is a big surprise.
How about some solid news!!!!
https://www.accessdata.fda.gov/scripts/opdlisting/oopd/detailedIndex.cfm?cfgridkey=736320
Gonna fly today to $5 possibly. AYTU has a new test distribution right and it just recurved FDA approval.
Smart Money I can’t PM.
My price target was $5 but with this test kits they will bring additional revenue for at least 2 billion this year or more next year. This quarter was the quarter they are going to turn profit.
Now my target has changed to $7 so I won’t sell until it reaches $5 and above. I am always long and don’t like wash sales, so I don’t say trade.
With so much swing it is a lot of profit to be made. But I don’t have the time to day trade.
The one day China was able to confirm 20k positive was because of the rapid tests kits like this one. There are 3 other instant tests kits Chinese government use. By far this one is most reliable and cost effective.
I currently holds 30k avg at 1. A big time bag holder. Bought right after last R/S.
This company has turn their business around very quickly. Even without this test kits it is going to reach $3 by the end of the year.
With FDA EA approval it will quickly jump to $3-4.
3.5 hours vs 3 minutes. This is a no brainer.
They shall have it next week and hope it make to the headline too
US gives emergency approval for Roche coronavirus test in the race to boost screening capacity https://www.cnbc.com/2020/03/13/united-states-approves-coronavirus-test-in-race-to-boost-screening-capacity.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard
Ryan, I did convince myself to buy more to lower my avg. to me, it makes sense to do it now or closer to year end sell off.
I maybe superstitious but think some entity or some one trying hard to bring the price down further.
Anyway. As a long, and a bag holder, I am glad the price dipped so much without much of efforts from the shorts. That shows some of the retail investors do not share our vision. And it is to my advantage to load at this low price. I would never thought I could get this low price.
Like you have mentioned the information is out anyone can search for it and see themselves. But a lot of people rather listen to noise and made up stuff than their own eyes. And quite a lot of times some one will make decision blindly based on information they hear.
I have looked at all the pointers you have given in the past and they are helpful and All I have to do is look. Looking on the bright side I could tell myself when the share price is above $30 damn, I got really good deal below $3.00. And tell other losers who is laughing now.
I can not tell you how many times I was kicking myself why did not I load more when it was that low?
Now it will be no longer the case.
Thank you
Thank you Phantom!!! As always appreciate your thoughts.
I currently have 30k in my stock account with chase and another close to 10k in my ROTH.
I am with you I won’t sell a single share until the company fundamentals shifts downwards.
With great science team and managment team, I believe there should not be anything dramatic except an event like FDA rejection or such. Which from the data we currently have/had, that scenario won’t fold into count.
The only thing left is company financial factor. We are beaten down over and over since TPIV was because we could not acquire substantial fundings for long term. And I believe that is the main reason the MC is trading this low.
We are in a way better spot than before in the TPIV era financially I admit but still that is only factor that stops the street analysts give us higher price target that MRKR truly deserve. Allogene to date still have over 600 millions in cash from the IPO, and burn rate is 35-40 per quarter. With that strong financial of course its MC will trade way higher than MRKR.
if we don’t get back fire or poor decision made on the shelf, I could not see the PPS going under $6 long term.
Anyway, thank you for your thoughts.
BLU is on stocktwits and very active. And he is very long and strong on MRKR. Heard he owns close to 40k shares.
http://blogs.nature.com/tradesecrets/2012/11/16/the-s-3-barometer
Shelf is a dilution but only a better way to dilute and minimize down trend. Here is an article talking about biotech filing S-3 shelf pros and cons.
Don’t listen to 1 side, look on the both side. Shelf is not a bad thing.
It means shelf registration is complete. Now they can tap into the shelf as of effective today.
News here, seemed the board is already dead. Am I the only one holding here?
It is a shelf, nothing on the table yet.
The sounds the right plan to me. This means they are confident of the results will move the share price north to minimize dilution.
I really think this shelf registration is a positive sign.
Time will tell. News is on the horizon. I don’t know much about this stock but seemed it is at the right place right now. Time will tell how retail investors react on this.
Shorts gotta watch out now. Maybe squeeze coming..
Companies particularly raise shelf on good news 1 year before require funding/offering for additional funds. This is normal and the correct way instead of cutting a deal with a blood sucker on warrants and preferred stocks.
Shelf can be tapped at any point of time during registration period. If they do a straight offering then the dilution will take the price down dramatically. A shelf along with some good news will minimize that offering effects on the share price when raise on good news.
You read it right 250 mill. Something is cooking
Must be news in the cooks, otherwise does not make sense to register a shelf right now.
What’s up with the new offering filing? Is that a shelf?
What is the exercise price?