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You're assuming that .0023 is the bottom. I'm not so sure. Plus I have a certain amount of my portfolio allocated to OTC stocks, and the money I have in this stock will be treated better elsewhere I believe.
No, that's what's left from my 1M share sell @.0023 on which I only got a partial fill. As I said before, the lack of volume makes it very difficult to sell out. I have millions more I want to get rid of, as I suspect do many other shareholders.
How do you answer Question 2 if we don't hear from Shawn? Frankly I no longer trust him, but am trapped in the stock because I can't sell without giving the shares away. He treats this company as if it were private and not publicly traded and maybe that's his end game, let the stock price continue to fall and then take the company private.
The thing I don't understand is why Shawn makes no effort to support the stock price. It's to the company's benefit as the shares are currency for future transactions but Shawn does nothing. It's like a realtor listing a house with an ad that says "HOUSE FOR SALE" but no pictures and no description. No one will express an interest in that house OR this stock. Why won't Shawn do anything?
The answer to your question is the saying about "selling the sizzle, not the steak". Those other stocks you refer to have an exciting story to tell, even if it never materializes. Shawn doesn't promote this company at all (which is ok) but also doesn't lay out his vision or otherwise communicate very well (which is not).
He also said in a recent news release that some of the money raised in the last round of dilution would go to improve the communication strategy. How much money does it cost to add a FAQ section to the website? He should add a couple of bullet points every few weeks to the FAQs, whether questions were asked or not. This has been dead money for too long.
The stock price seems to be saying there are lots of people willing to be left out! I bought more on the dip today as a trade, but I'm not willing to hold more than a couple of days. If the fins don't drop this week before brokerages start putting trade restrictions on it could get ugly.
I guess we'll see.
I think we're going to trade multiples higher than where we are now, it's the price targets I'm questioning. At 75 cents our market cap is what, 2.5 billion? Based on what? We have patents around what may be the most promising field of study in medicine right now. But patents are very specific, aren't they? It's not like we have all of MRNA lock up. Doesn't Big Pharma have a lot of MRNA patents also? I'm not in the medical field and there are people on this board who are, so if I'm misstating this please correct me. My question is that if we had the holy grail of MRNA patents, wouldn't the experts in the field recognize that, and wouldn't we be trading higher than 2 cents?
It's the only measure we have right now. And how/when will that IP value be realized? Won't it be years down the road?
I'm excited about my position here, but I think expectations are running too high at this point. I realize you're just throwing out that $3/share number as an example, but I've seen similar high numbers suggested. Nobody is going to offer dollars, for a company selling at 2.5 cents per share. There are always industry insiders who know more than we do, and if our patents were truly worth that kind of money we wouldn't be trading where we are. Maybe years down the road that kind of value will be warranted, and getting the last fins filed should be a catalyst for further gains, but let's get to a dime and see how things look then.
FWIW, that 2 million sale at .0024 was mine. It got filled right away in one block, which tells me there is a large bidder accumulating at that level. GLTA
I emailed Dr. Koos and asked him if the fins would be released one at a time when completed or all at once. I got a brief reply that they were working hard on them, but didn't answer my question.
I think the deal doesn't close until next year some time.
I agree with that last sentence! Why doesn't TD make their restriction go into effect on September 28? Are they saving me from myself, making me sell my stock 6 weeks before the SEC's deadline? To what end? Btw, I read somewhere that Schwab is imposing the same August 13 deadline but I haven't verified. If the major brokerages are aligned with this date, then even if I can sell my shares after the 13th, who's going to be on the other side of the trade?
That's a good point. I just hate having to be put in a position to abandon a possibly life-changing investment, knowing if I don't get out by August 13th it will be all or nothing once it is no longer trading on the OTC. I suspect there will be several companies who have the filings with the accountants, who will miss the deadline because the accountants are backlogged.
I don't think it's that simple. I have money in RG*BP, which supposedly is in the process of getting current. The potential is huge, in theory even IF they don't make the September deadline and are forced into the gray market. So I'm going to be forced, come August 13, to hold 'em or fold 'em. Many posters here are willing to wait out the price weakness in GR*ST because they believe in the long term story, but the SEC is not giving me the same option in RG*BP. Very arbitrary in my opinion.
7+ million shares is not particularly low volume for this time of day.
The problem, as always, is Shawn's lack of communication. Sure he posted the FAQs, a recitation of the billing particulars. But can anyone really say if that's good or bad for the company? The market sure isn't excited. And how about the status on the expansion? And what of Sparta and Clear? The lack of an update there makes it seem like that was all BS. And what of Shawn's near term vision for the company? I'm not asking for him to pump the stock with fluff PRs, but rather give prospective investors some reason to buy the stock.
Hopefully Shawn posts the FAQs shortly, and that the answers show that the market got the story wrong this time, rather than the shareholders.
Well, this is one of those rare cases where I really hope I'm wrong. Nothing to do but wait at this point.
As you know, speculation was running wild across all the OTC then. Once that died down, fundamentals have become more scrutinized. I don't argue that the fundamentals look good here, although I think Shawn has fumbled the communications. But it is concerning to me that we all are waiting for Shawn to give us the good news (thanks to your urging) any day now, and despite what we "know" the news will contain, the market is acting the way it is.
How about the high volume down days? Of course the market gets it wrong on occasion, but most of the time the market gets it right. And it has here consistently the last few weeks and months. And right now the market is saying if/when Shawn ever puts out the new information, it won't be good enough to move the price up. Nothing to do but wait at this point.
The market action is telling a different story unfortunately. And the market has been right, while the happy talk here has yet to materialize.
I'm hoping for a big payday but I think some price targets people have are unrealistic. There are always investors with more information than we have, sometimes they are insiders (insider trader is illegal yada yada yada) and sometimes they are just more plugged in than we are. If a stock realistically could go up 50 times in a matter of days/weeks, the price would begin to reflect that. The fact that the price is stuck where it is should not be ignored. I think the right way to view this investment is as a lottery ticket. Worth playing, but with limited funds. My 2 cents.
I certainly hope you're right. My point was that even if a small percentage of investors shared your optimism I would think the price would be much higher than it is now. After all, the OTC is full of risk takers. Anyway, GLTA.
Based on your price targets, the risk reward here is 50:1, an 11 cents possible loss versus a $5.00 target price. Obviously the market doesn't share your conviction. Assuming you don't have any inside information, what do you know that other investors don't? Or put another way, have you considered you're overlooking something that others recognize? Serious question.
Yeah, I hear you. I'm loaded up with as much of this one as I'm comfortable with. I too am skeptical as to whether we'll make the August 13th time line, but if we start selling off after that and we get into September and still nothing, it's going to be increasingly difficult not to start unloading shares.
I have the same dilemma, but decided to keep the TD account. You'll still be able to sell after August 13, just can't buy more. So as we get into September you can decide then what to do.
Well, he DID bother to respond which is something he hasn't done when I've emailed him. It seems strange that he doesn't see the value of sharing more information than he has.
It's the analogy of the tree falling in the forest with no one around to hear it. If Shawn won't tell Ethema's story, why should prospective investors put their money here? Not to pump, but explain his vision. His answer to the email that was posted here was rather dismissive in tone I thought.
I believe the CEO has every intention of becoming current, or he wouldn't have spent the money on getting the audits done. But at this point it's out of his hands. There are a lot of 10Qs and a 10K that need to be completed in a relatively short period of time. I have my account at TD, and I'm going to face a tough decision come early August if we're still waiting for fins. Getting current by September 28 is not going to help.
Agreed on the effect of the TD restriction, but the August 13th date was most likely predicated on the September deadline imposed by the SEC.
I trust they have communicated the urgency to the auditor, who I understand does a lot of work with OTC companies. The best thing that could happen (other than getting current) would be for the SEC to push back the deadline because they're backlogged.
I hate the phrase "zip code changer" but it really applies here, IF they can get the filings done on time. I know that is their intent, but there is a lot to get done in a short period of time. It's kind of a binary thing. If filings don't come we're in trouble, if they do my next post will be from Bora Bora!!
Sandbagging the revenue estimate would be irresponsible if that is what he is doing. It's one thing to be conservative in his estimates, but as I have posted earlier something is seriously wrong if the $1.8 million is close to being accurate. It doesn't add up.
And another thing. If the price action is due to MM manipulation, wouldn't the MMs make more money by letting it run a little and then re-shorting? They could make more money by playing games in both directions instead of just pushing the price down all of the time.
Maybe Occam's Razor applies here. The price is reflecting the true value of the company, now and in the near future.
I've suggested Shawn consider a podcast and give more details on the aspects of the operations we've all questioned.
Here's a suggestion for Shawn. Set up a podcast, take 15 minutes or so,and give investors more information about the company. He can answer questions he's solicited from us ahead of time, or simply say here are questions he's received that he wants to clarify. If he's sincere about shareholder value, this would be an inexpensive way to communicate and I think it would stop the slide in the share price. If we have to wait until the fins drop in mid-August, I don't see a catalyst for a turnaround. Plus I'm not sure the fins by themselves are going to help that much.
He's got to realize that the recent press release was not well received, and this could be the solution.
If investors thought this was just dead money for a while then I don't think the selling would be this intense. Many of the day trading types have moved on. Again, this is basically a one man show and if that one guy is not deemed to be credible then selling out before things get worse makes sense. I don't know how many shares have been added this past quarter, 500 million or so? And even Shawn said there would be more issued, albeit at a slower pace. So what IS the correct revenue per share multiple, if the denominator is always changing?
Despite accusations leveled at me that I'm manipulative, the PR from Shawn was terrible and hurt his credibility. That market action is confirming that, it's not the mean MMs or stupid traders.
The revenue projections don't add up. Based on November and December monthly revenues of 300k, PLUS the fact that Shawn said the facility was at capacity for a while PLUS the fact that the expansion should be done in a month or so, how can the run rate be so low for the rest of the year? He needed to explain more fully. And why didn't we get an update in the PR on how the expansion was going? Or the Sparta collaboration?
Shawn had plenty of time to craft that PR, and the fact that these questions were not addressed is what's killing the stock price.
You were the voice of reason for a while, and the other guy was obvious in his actions. But hey, it's just a box of rain!
Does anyone know if the remaining fins will come out all at once, or will they be released as they are completed? If it's the latter, that will go a long way to alleviate concerns that they won't be current by August 13.