Penman,
I'm definitely no pro, I mainly stick to large cao stocks with solid balance sheets, healthy growth rates and "moats" that separate them from experiencing heavy competition, I'm more of a large cap value/growth play type of guy, so for the last few years some of the large cap tech stocks have been easy plays, but this mentality is what interested me in BIOAQ. I was scanning twitter pumps and looking at charts, I saw BIOAQ the day the volume was coming in back in early June, I puled up the asset to liability ratio, saw the volume and the PPS, I was convinced I was getting a deal and that we had momentum in the right direction, and that alone was enough for me to pull the trigger, got in at .016, after that did more DD and bought more. Anyways.....
I don't know why some brokerages don't allow people to buy this stock, maybe they think they have to protect people from themselves, I don't know.. its weird, I am with TDam and have no issues.
I am looking/hoping for the buyout, the company said they are looking for a buyout and that is what the PWC reports and papers seem to point towards, that being said a strategic partnership could happen too and would also make sense, I agree, there are a lot of options, we just don't know how it will play out yet..
As far as management, I have no idea, I don't know the inner workings of the company, i am just pointing at the sentiment and what people say and refer to as one of the problems, a lot of people refer to bad management but it doesn't mean its true. For all we know the management team was fantastic and did the best they could with market conditions and other unforeseen problems that could be experiences when producing a new technology and working in a new factory, we just don't know. I manage 20 sales guys, we do construction sales, I try to do my best job but there's always unforeseen problems, sometimes we win sometimes we don't.
I am looking at the corn pricing, and it has actually remained relatively stable since 2014, from what Im seeing CORNUSD has been right around 3.70 since then, and price per bushel in USD has ranged around $360-370 since 2014. The oil prices were much lower and this was likely the bigger issue, also QTrader mentioned the issue with transitioning new clients and convincing them to use new technology, we know that BIOA did better with acquiring new clients recently, and higher oil prices give clients more incentive to switch.. OIl was $30 barrel in 2016, its now $70 Currently
And Comerica, what kick are they on, whats their deal, seriously, very strange....
