RE:If HC delays both applications beyond 2015...Newdaydawning,
Hey guys, I'm back. Hope ya all has as good a weekend as I.
I wanted to address this post because newday is kinda onto the same thing I am thinking.
In short, if you step back and look at the potential catalysts for the remainder of this year, you have the following:
(1) An announcement on the TLC-2000 release... Well, even I had expected this release to come last summer so it has to occur at some point soon! But let's say this is further delayed until 2016 (why not? The used car salesman is over a year late since his pronouncement per Korelin July 22, 2014).
Of course, there have been multiple pronouncements since then but let's say Jan 10, 2016.
(2) Great but those warrants are also working their way thru the system but should clear by Nov 10 so we'll see how negatively this affects the sp.... I think by$0.01.
(3) However, by November 20, you should have the financials out (remember $C6 million cash at end June or $4.5 USD. what was that burn rate in 3rd q with 15 new people on payroll + benefits to sell the TLC-2000? Or CiTox payment? Or GMP payment? Etc... could be interesting!
(4) December tax loss selling since sp down at least 30% in 2015... Again, this assumes no TLC-2000 release by mid-Decmber.
(5) Ph1 trial start- of course, I put this down but we all know that there is almost no chance that the used car salesman gets this off in 2016.
So here is one possible strategy that I'm contemplating as a trade.
First, assume nothing positive comes out of the used car salesman by December 20th (God my plan will backfire if the used car salesman hits the first target milestone of his incompetent career).
.... But I'm counting on the scam artist being true to form.
This is my play: I will purchase approx 200,000 shares between Dec 20-31st assuming there is no TLC-2000 release by then... My guess is the sp will have been battered by then but everyone and their dog believes a TLC-2000 will come eventually including me (even if the used car salesman is a year late).
So I expect in the subsequent whoopla and the con man's NR, I expect to be able to trade this for a quick 20-30% gain. Then you'll want to sell (I expect to be out by end January). You'll want to sell because you don't want to be present for the bevy of excuses that White will concoct while awaiting the cancer trial results.... But the absolute reason you'll want to sell then is because it will become obvious even to a Skier and a Bencro that dilution will occur in 1st quarter 2016 and on much worse terms then in May 2015. Bencro and his scammer buddy Skier won't bother speaking to that.
Here's what I'll be most interested in though! How many options will the used car salesman grant himself after the next dilution? Hell, it was only 3 million in May 2015 (reason stated by RW? To compensate himself and board for bring TLC-2000 and cancer trial right to approval stage... Anyone seen either approval?
In short, this could prove to be an excellent short term play... Then sell!