Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
guess a bid from spurned party (Company B I think from proxy discussion) is possible - break-up fee not big - hedged my bets and sold some shares from $1.50-$1.80 but still own most of my position - nothing is easy with APNO!!!
guess anything is possible but pretty unlikely someone emerges from the weeds to top bid by enuf - but since deal expected to close w/i 60 days it may just come down to an opportunity cost if a good buy idea comes along...
$1.50 - I'll take it...
FYI : DEF 14A (proxy stmt) filed on 04/30 has new director info
APNO likely looking for institutional financing as opposed to trying to get the stock to trade up...
FYI APNO presenting at California Investor Conference on 06/11
I give the management some benefit of the doubt as I think they have built value in APNO over the past few years with a very constrictive capital situation, operating with limited cash - that said, I'm not sure they will utimately maximize shareholder value as they could dilute us more vs. selling the Company (if possible) - also, at some point the expense of keeping APNO public makes no sense and there's a fair amount of M@A in life sciences - but management has definitely decided shareholder communication is a waste of time...
Flat Q not surprising given economic conditions but not much room for error (or increased expenses) with low cash position and debt - still think these's substantial shareholder value vs. current stock price but it will likely only be realized in a strategic sale...
I hear you loud and clear!
BTW I read in an article that APNO is working on a strategic relationship with Nonlinear Dynamics re software distribution - not a big deal but at least an indication that the wheels are still turning...
FYI 04/23 press release on APNO website
Guess $.65/share is too rich for bidder boosting price from $.20 to $.40 during the last few days - but @ $.65, mkt cap + debt is about $10 million, a fraction of '08 sales! - but given lack of catalyst, no rush to pay up...
life sciences - genomics research, personalized medicine, etc. - a good place to be away from general economy - another holding of mine, CLRT, actually just got a refi done with VC pref stock at a decent price - nice to see...
Earnings out - OK - potential debt re-fi issues noted...
Don't know if it signals anything, but I noticed APNO has made two product-related press releases over the past couple of weeks - rare occurence...
oops - "responding" - I may be despondent about the APNO share price but that wasn't the intent!
Without directly desponding, I would say the low level of shareholder communication is troubling and, particularly with the lack of financing available and small float, there is no reason APNO needs to be public (high cost) - so I share some of your concern...
I hear you but given the difficult financing environment I would think a larger, strategic acquiror is the only way APNO gets sold in here - I don't see a going-private transaction any time soon...
a fair amount of M&A occuring in life sciences (Roche, Life Tech, BioRad) so you would hope that if APNO needs strategic capital management can sell the Company for a decent price...
That is to say despite the fact that management has done a good job repositioning APNO's distribution system and continuing to grow with tough cash flow limitations, management apparently does not believe its in their best interests to communicate much with investors or buy additional shares, so it would appear this is an under-the-radar, grind-it-out story for the foreseeable future - the low market cap would seem to discount a financing/deal...
I bought some more stock at $.50 the other day - the valuation just looks stupidly low but that's not to say I have any confidence that management will maximize shareholder value any time soon...
FYI - 3Q earnings out - continued operational progress...
FYI - Darryl Ray filed Form 4 - was seller the other day...
APNO also filed 8-K - new loan - Snider milks some more cash out of Company...
GE Healthcare re-upped - wish they had just bought APNO instead - at this point I'd accept a low valuation!
yeah, APNO game plan still a mystery to me - real expensive to be a little public company with no ability to use stock for M&A or attract new investors to enhance valuation - nice they are making some progress, but I hope they find a way to get to a higher level soon or just sell...
don't pull any punches, dog!
BTW CTEC and HEM were apparently acquired by Inverness in '07...
New CFO - guess its good news APNO beleives it has the cash flow now to pay him...
yeah, I'll take the progress - APNO is in a great space, maybe they can accelerate growth with their more stable finances - but earning a penny? that's crazy talk!
1Q earnings a shrug - as far as the Company goes, I don't know exactly what was supposed to happen post reverse merger but it sure didn't - despite getting some cash in deal, capital constraints have really limited progress for a while - and being a public entity in here is useless with the small size of the Company and the depressed stock price - my base case for stock valuation is $1.50 (coincidentally where it traded at XTRN deal time) - it should be worth more to a strategic buyer but I can't say it makes sense for management to sell yet paricularly given positive industry - between a rock and a hard place...
FYI - 8K filed yesterday - another bandaid financing (loan with warrants) involving insiders...
FYI some potential related M&A activity at ABI going on as SAC Capital pushing for measures including sale of ABG...
good question but maybe they're trolling for a partner (I'm not sure what the audience is but I would assume its M&A oriented not micro cap investors) or maybe they'll just delist - I can't see management diluting themselves by doing an equity financing with the stock down here and given the poor share liquidity and little effort on investor relations, management isn't trying to improve the market pricing either so....
good question but maybe they're trolling for a partner (I'm not sure what the audience is but I would assume its M&A oriented not micro cap investors) or maybe they'll just delist - I can't see management diluting themselves by doing an equity financing with the stock down here and given the poor share liquidity and little effort on investor relations, management isn't trying to improve the market pricing either so....
the inclusion of the detailed cap table is also interesting - inviting a re-cap...
the bullet point on Business Strategy page re reducing expenses of being a public company is interesting to me - APNO could go private simply by de-listing the stock or by insiders/investor taking out the stock at a low number instead of selling the company...the lack of communication with public shareholders leads me to believe they are not very interested in getting the stock to trade up...
yeah, certainly more incremental progress - it has taken some time though - would be nice to hear management's plan - the stock is pretty washed out and, given the low valuation, really can't be used to do any strategic M&A to add new products to the mix - management releases little info so the stock isn't likely to go up much any time soon - wouldn't think they'd sell it at this stage - but the cost of APNO being public and just sitting here isn't worth it either - not clear to me where they're heading...
as you can tell from my post, I'm not a happy camper re APNO/management - but hanging in to see what develops as valuation leaves plenty of room for improvement...
good thing management keeps the lid on company information or the price could be higher...
Some stock trading last couple of days - APNO released earnings last year on 11/01 so 3Q results should be out soon...