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Ever seen "Boiler Room"? The 2 guys that bought the 24 million shares have tons of 13G filings for stocks like Titan. They buy them, promote them and dump them to retail.
Too late. They just added about 175 million shares. Almost 900% dilution.
Is there a sub-penny stock market? So over 2.5 times total outstanding traded. Latest 13G filing shows Intercoastal (2 guys) bought 24 million shares of the offering on 10/30 and by 11/06 had sold all but 3333 shares to the knuckleheads posting here. Kiss your money goodbye, this isn't worth a penny at this point.
And $250k would make it worth well under a penny a share. Woo hoo!
Amen Truth.
Hey riks. If someone were interested they'd have done a buyout long ago. Only thing left to buy is management. What do you figure they're worth?
I'd suggest selling for a quick profit if you have one. Seven plus years ago ProB got a CRL from the FDA that cost them approval and a $50mm payment from Braeburn. Braeburn in turn burned through a ton of money doing a third (totally unnecessary) trial to get approval 3 years later. Braeburn gave Titan a million a year later to get out. Four years later it's done for good. Shame, it was actually a great product. They've raised enough cash to keep the doors open and pay their salaries for the next couple of years. They don't have enough cash or time on their patents to get another product approved. If you like the low float you'll love it after the next reverse split. If you buy this as anything but a quick trade you deserve to lose your money.
Not directed at you Truth, you know the score here.
Perry is still holding around 75% of the options he exercised. Many of those are worth less than their exercise price. He seems pretty committed to making this a success.
Couple of points on the share based employee compensation plan. It was voted in by shareholders that were 85% Australian at the time. So only have yourselves to blame. Evidently Australians didn't hate it until the options were actually granted.
So far the plan has been a little over 6% dilutive over the past couple years. The current package adds an additional 15% dilution over the next 6 years. If you do a little research you'll find that to be on the low end of this type of plan which is common today in tech land.
Execution of the business plan is vastly more important.
Keep, you don't know what you're talking about. Per Australian tax law options are taxable when exercised. Suggest Google.
Jugs, when Covid is done I may have to drive south to a small Texas town.
Major news out, collaboration with Houston Methodist on cosmetics. Been waiting for this, Perry had mentioned something in the works several times early this year. 4-5 years out for approval, but a huge market. Meantime burns building market, vitiglo, wounds and scales roll out over that time. Yep, that Perry guy really needs to consult with the geniuses on these message boards to figure out his business plan...not.
Frankly I'm glad to see him go, was a little concerned when they hired him. He was with Braeburn, a venture of Appletree Partners. It's been a real disaster. Wasn't necessarily his fault, but not something I'd want on my resume.
Still consider this a 3 to 5 year investment, in my 2nd year. Shares I hold are at zero cost basis. Volume since redomicile has been on the light side here and in Australia. Still believe it's predominantly retail. Just need some news that doesn't revolve around employee compensation. Can understand the current lack of interest. They already stated July was their best sales month to date, hard to imagine Aug and Sept wouldn't have followed the same pattern. But we will likely see continued weakness into sales announcement. But if memory serves, I believe you have to own shares in order to sell them, no? Perhaps a naked short.
About 3 years from initial patient enrolled until approval - mid 2015 to mid 2018. Believe vitiglo was scheduled to complete late 2021 and wounds mid 2022, add six to nine months for FDA approval process. How Covid has effected those schedules would be a good question for Thursdays call. Hard to understand why pediatric scalds won't be done until mid 2023. Guess the lateness of the 1st Q results is due to this being the first time they will be filing directly with the SEC. Hope so at any rate.
Veni, not vein. Smartphone
Thanks vein, hadn't checked EDGAR today. Probably don't have much left in the current shelf. This shelf will cover options granted under the employee compensation plan and be available for a future capital raise should the need arise down the road. Just due course of business stuff.
Thanks jugs, as are yours. I do have a couple things bugging me about Avita, but isn't employee compensation plans. Company I just retired from gives options to all it's senior execs. We had 2 dozen VP's in our division of 500 people and the company employs 85 thousand worldwide. They also have a discounted stock purchase plan for all employees. It's all dilutive to common shareholders. Used to be pensions, now it's this. Avita is no exception, possibly less egregious than most.
I would like to hear about what's up with Japan and talks on cosmetics Perry mentioned earlier in the year. I don't give them good grades on keeping shareholders informed.
And that's not a defense of management, it's just the facts of life as we know it. There are lots of things in life I don't like that if I had the power to change I would. But I don't. If they execute their business plan I believe the company will do well. If you don't like their business plan you should sell or short. We will have a better idea in a week or two when the announce preliminary quarterly sales.
That said, I recently read a study of the impact of employee compensation plans on EPS dilution. It looked at 731 plans of publicly held companies and found the AVERAGE was 100% dilutive to EPS. So 15% over 6 years doesn't seem all that bad. For those railing about Perry, these employee compensation plans were voted for overwhelmingly by shareholders, so unless you can get control of 51% of shares, Perry isn't going anywhere.
You should short it.
Thanks Billr and Fmello
$20 Be OK with me, getting a large chunk of new change next week
Magic TP?
Agreed Trueheart. I come here mainly to see what other's may have found, positive or negative which sometimes helps with my own due diligence. I genuinely try to keep my posts to the facts as I know them and appreciate the times when someone corrects my thoughts with verifiable facts. But no one should buy or sell any stock based on these message boards. Everyone has a position and everyone talks that position, self included.
As I posted earlier, the shares he received were AVH shares, Australian shares. Australian tax law requires taxes be paid on the value of the options received at the time of excercise. He excercised his options on the equivalent of 83K+ RCEL shares and sold 20K+ shares to cover the tax due on the entire lot. Really not rocket science people. This is a non issue, similar to redomicile. But as is abundantly apparent these days, people will believe what they want in spite of the facts. Ultimately executing the business plan is the only thing that will matter. If you believe the business plan is solid and will succeed then hang on, if not, sell. Pretty simple really.
Obviously some people need to actually read the message board before they comment.
Right about a market pullback. Him and 30 million other people.
Too late for some of us, lol
Better yet, short it.
You aren't, but I am, for the fairly obvious reasons explained below, which is what you're ignoring. You should definitely sell or not buy.
Been a busy year in the Gulf
Thanks jugs. I don't like the egregious direction executive pay has taken in the US over the past 40 years anymore than anyone else (other than the execs). There was a big push back in the 90's to get major pention funds and other fiduciaries to exert pressure on corporations to reign this in. All it's done is gotten worse. If the folks complaining about this can get out there and change the world I will applaud them. Good luck with that.
I'd add to that that the options set aside in the employee compensation plan represent an @ 8% dilution of shareholders. Perry's recent exercise represents a 0.4% dilution as part of that plan. Sorry, in my mind not a big deal in the grand scheme of things. You will find this in virtually every listed company in the US.
My understanding of Australian tax law is that options are taxed when exercised. Perry recently exercised AVH shares equivalent to 83k+ RCEL shares. The shares he sold for @ 1.3 million is to cover his tax on the full lot. Still holds the other 50k+ shares. If you're going to fire Perry you better fire the board and all major shareholders since they approved all this in a vote awhile back.
652k is huge volume for this stock
And conversely, someone bought 96k shares, and a whole lot more throughout the day.
Equates to a 3.8 million share day before redomicile.
Wow, just noticed the volume. Biggest since I've been here, over 2 years. Somebody's buying.
So inversor, guess you're married too.