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Post by sportsrancho on Apr 20, 2020 12:54:03 GMT -5
You guys really think bankruptcy is still on the table? Ok... On that note, my comment would be that you can't believe that bankruptcy is a far fetched idea? There are 16 references to the fact that it is doubtful that the company can continue as a going concern without additional funding in the latest 10K (including a Statement from their independent auditor - Deloitte & Touche). Sports, I am not trying to argue with you, I just want to point out to those that may have not had real hands on experience with a start-up (yes, this is still a start-up), that available shares are the lifeblood until profitability. Anything can happen. We still have no idea how long the Coronavirus Crisis will last among other things. While I don't think retail investors can prevent these from becoming authorized, I wanted to point out to long investors that running out of shares to issue will cripple an investment. I don’t think of any of us have any doubt that they will be authorized. My point would be then thats it’s not a very good time to buy stock. Although I do know someone who is very confident and does think it’s a good time to buy:-)
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Post by radgray68 on Apr 20, 2020 14:48:58 GMT -5
On that note, my comment would be that you can't believe that bankruptcy is a far fetched idea? There are 16 references to the fact that it is doubtful that the company can continue as a going concern without additional funding in the latest 10K (including a Statement from their independent auditor - Deloitte & Touche). Sports, I am not trying to argue with you, I just want to point out to those that may have not had real hands on experience with a start-up (yes, this is still a start-up), that available shares are the lifeblood until profitability. Anything can happen. We still have no idea how long the Coronavirus Crisis will last among other things. While I don't think retail investors can prevent these from becoming authorized, I wanted to point out to long investors that running out of shares to issue will cripple an investment. I don’t think of any of us have any doubt that they will be authorized. My point would be then thats it’s not a very good time to buy stock. Although I do know someone who is very confident and does think it’s a good time to buy:-) "Although I do know someone who is very confident and does think it’s a good time to buy:-)" I resemble that remark. I knew this share raise was coming. They may only need to use 350 mil. but 400 gives them some wiggle room, as most publicly traded companies do carry some shelved shares. The cockeyed optimist in me would hope for a 25% buy-in by somebody with a sales force. However, the realist in me knows those unicorns are scarce and I don't buy for that purpose. And, traditionally Sports is absolutely right, you don't usually buy a stock when dilution signaling is going on. This, to me though, isn't a traditional stock nor is it a traditional market. Ultimately, I'm buying the heck out of this stock around a dollar. If it takes 5 years for my core holdings to get to $2 then I've gotten a 15% aggregate return on my investment, comparable to the Oracle of Omaha. I can take the pain in between by trading some on spikes of unknown origin like we had earlier this year. That said, even with my "optimism" we could get pummeled when the additional shares are announced. We've had a good bounce lately so I'm saving cash just for the weeks following that announcement to get more because eventually this stock will be done going down and $1 will be our revenue per share or perhaps even EPS. I'm realizing that when it comes to timing of buys, depending on the point of view and risk tolerance, we both could be right at the same time. Mind blown....JMHO
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Post by gamblerjag on Apr 20, 2020 15:11:51 GMT -5
You guys really think bankruptcy is still on the table? Ok... no way 🙂
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Post by barnstormer on Apr 21, 2020 8:10:27 GMT -5
You guys really think bankruptcy is still on the table? Ok... On that note, my comment would be that you can't believe that bankruptcy is a far fetched idea? There are 16 references to the fact that it is doubtful that the company can continue as a going concern without additional funding in the latest 10K (including a Statement from their independent auditor - Deloitte & Touche). Sports, I am not trying to argue with you, I just want to point out to those that may have not had real hands on experience with a start-up (yes, this is still a start-up), that available shares are the lifeblood until profitability. Anything can happen. We still have no idea how long the Coronavirus Crisis will last among other things. While I don't think retail investors can prevent these from becoming authorized, I wanted to point out to long investors that running out of shares to issue will cripple an investment. The language you are talking about can be seen in the 10Ks of many publicly traded companies. It is almost boilerplate added by the legal teams to protect the officers in an unforseen event. I don't make investing decisions or lose sleep over those types of clauses in a 10K.
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Post by bthomas55ep on Apr 21, 2020 12:10:44 GMT -5
On that note, my comment would be that you can't believe that bankruptcy is a far fetched idea? There are 16 references to the fact that it is doubtful that the company can continue as a going concern without additional funding in the latest 10K (including a Statement from their independent auditor - Deloitte & Touche). Sports, I am not trying to argue with you, I just want to point out to those that may have not had real hands on experience with a start-up (yes, this is still a start-up), that available shares are the lifeblood until profitability. Anything can happen. We still have no idea how long the Coronavirus Crisis will last among other things. While I don't think retail investors can prevent these from becoming authorized, I wanted to point out to long investors that running out of shares to issue will cripple an investment. The language you are talking about can be seen in the 10Ks of many publicly traded companies. It is almost boilerplate added by the legal teams to protect the officers in an unforseen event. I don't make investing decisions or lose sleep over those types of clauses in a 10K. Barnstormer - when the auditor adds it to their opinion of the entity, it is NOT boilerplate. The company may use it as cya in their part of the 10k, but when the auditor includes it, markets view the company as highly suspect and shares prices reflect the deep discount of bankruptcy potential. Which again is why the shares of a company with so much potential is barely more than $1. I love the confidence of many shares holders that bankruptcy isn't possible any more. If so, and as is the point of the post, one must vote to authorize the additional shares for the treasury to ensure the runway doesn't end. Thx
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Post by prcgorman2 on Apr 21, 2020 12:41:01 GMT -5
I (and others) predicted the requirement for additional shares. The prediction was not an amazing feat of perspicacity. I voted for the additional shares.
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Post by sportsrancho on Apr 21, 2020 13:24:46 GMT -5
I don’t think there’s one person that didn’t think Mike would ask for more shares authorized. Maybe there was🤷♀️ Well I guess there were people that thought a deal was eminent, or that Hooper was the closer.
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Post by sportsrancho on Apr 21, 2020 13:26:40 GMT -5
Let’s start a list of questions for the annual shareholder meeting.....
1.....Mike, “how soon before you need to use those shares?”
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Post by awesomo on Apr 21, 2020 13:29:23 GMT -5
Let’s start a list of questions for the annual shareholder meeting..... 1.....Mike, “how soon before you need to use those shares?” From his “reassurances” last time around, who could possibly trust whatever he says?
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Post by barnstormer on Apr 21, 2020 14:00:01 GMT -5
Let’s start a list of questions for the annual shareholder meeting..... 1.....Mike, “how soon before you need to use those shares?” We should go back through all of Mike's presentations and do a little fact checking and ask what happened to Afrezza in Mexico and Canada? What's the status of the Cipla studies? What are the prescritption numbers out of Brazil?
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Post by andy282828 on Apr 21, 2020 14:16:45 GMT -5
So, a 20 percent pay cut for a 10 week period, works out to 3.9 percent, on an annual basis. What was the amount of your 2019 "performance award" as a percent of base salary?
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Post by mounts on Apr 21, 2020 15:42:21 GMT -5
This is how and my family voted (5 shareholders).
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Post by rfogel on Apr 21, 2020 16:04:46 GMT -5
What does it mean "to approve, on an advisory basis..."?
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Post by buyitonsale on Apr 21, 2020 22:33:12 GMT -5
Originally I was going to vote against the additional authorized shares if there was nothing significant announced before ASM or share price was under $2.
The current COVID19 situation has changed that because the business can be threatened due to doctor office limitations to see patients.
I will vote yes to authorize additional shares to help the company stay alive. Anyone claiming to be long and voting against the increase of authorized shares during this crisis obviously does not mind their investment going to zero.
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Post by sportsrancho on Apr 22, 2020 10:18:02 GMT -5
I’m sorry but you’re not going to bully us into voting one way or the other. I’m not going to judge anyone or assume anything.
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