From Shero's reply; "...the last time the person Davis refers to as Darth Vader helped TCLN with their PR the stock was about the level Dr. W started buying. To bad Stone pissed him off, we could use a little help now."
So, Bob G/Darth hyped the stock at $6, or about the time of the Peregrine merger, then he took credit for putting together the S-3, and since has spent a considerable amount of time in various incarnations such as Argo and Bullet Bob bashing the company through highly personal and insidious attacks on TCLN management (not that he's totally wrong). This guy beat Gordon Gecko at shorting NASA after the space shuttle blew up. He only looks out for number one, Shero, it's help like Darth's that put TCLN in this predicament. If he and the rest of the S-3 crowd want to buy then fine, but don't ever give them any credit or even make another feeble attempt at it.
Sometimes a fella just has to vent, 'scuse me.
And pardon my bullishness, Manfred, but even if you believe the company is going under (how much for the patent estate?) the best and brightest thing you can do is buy stock. I'll explain; If the gang of S-3 just wanted to sell out they would have been converting and selling 140% of each day's trading (hypothetical, there are 14 members representing 9 entities) and would be done by now. They just want to drive the stock lower where the 'cap' would be to their greatest advantage. By shorting and converting they have had the power to drive it down and think they can do the same to the upside, undoubtedly with a lot less work. When you, myself and Alys buy we force conversion and they have to use up capital. At a low price they get their best conversion but only with a low 'cap' will they be able to fully take advantage of their 4.9% ownership limit. If they use up 50% of their capital to artificially set the 'cap' at $1 then a subsequent move to $2 would recoup their well spent seed money. The Battle Royal stretches from February 10 to March 24. I think they have already spent about 25% of their capital which is very expensive for this early in the game. Suppose they expend 75% of their capital trying to hold the cap through February. Then Techniclone unveils some blockbuster deal/breakthrough/financing and the cap winds up at $6. That $6 share only converts into a half million shares because they would have wasted so much trying to manipulate the stock down. Or suppose the stock stops trading, they're caught short and have to convert it all? There is still dilution but you, myself, Alys and others of the faithful own cheap stock instead of the S-3 types.
I think the price we pay is not important in the long run, at this level it may even be a sprint. This stock should be owned, the value of the technologies can support a lot of shares. |
