Roger Newman

Roger Newman
Contributor since: 2011
So here is the timetable. Private placement of around 3 million shares at 2.18 not made public. Public release of acquisition spikes shares and then public release of offering after a closing trade of 2.99. Those who participated in offering were essentially given a few days to dispose of their shares after good news announced and at much higher prices that they paid. Public shareholders who purchased based on the acquisition were left "holding the bag" when the offering was made public thus the phrase bag holders. While I don't believe that this is technically illegal I question the morality of releasing news out of chronological order in order to benefit a small group of shareholders that are given the chance to participate in a private secondary. Slimy!!!
Nice to know that the company sells shares as soon as the price spikes. Nice to sell at such a low price compared to market. Not much concern for shareholders, too bad.
What's the point of writing an article on a short that has a 188% borrow rate and no shares to borrow anyway!?!?
Interesting for a hedge fund manager, and CEO of a publicly traded company to state that he doesn't understand the benefit of lending his shares. Very smart move financially but why make the additional statement of his reason when it is unnecessary and an obvious lie.
50% cost to borrow at IB. Unless there is an imminent catalyst, this may be a great call but not a profitable one...
My mistake, closed at 10.36, still very happy with the results...
Glenn, perhaps you should look more closely. First, that article was NOT my work. Second, the day I published my COMMENT, the stock closed at 5.83. Not sure which quote service you subscribe to but yesterday the stock closed at 12.04. Um, that one seems to have turned out just fine I'd say.
Hope this drops fast for you enzo. With rates at 250% time is your enemy!
When you say you deal with these patients, are you a physician who works with central lines?
As part of your due diligence investors, you should seek out a Critical care practitioner who deals with central lines regularly. I did, forwarded him both of these articles and he asked some of his peers. They are not optimistic on CRMD. Buyer beware
Cost to borrow on IB is over 100% so great thesis but not a good risk/reward here on timing issues...
Hmmmm. A company that couldn't make money at $100 oil and people think it will suddenly gush cash at $60 oil. That's a bet I wouldn't take.
Wouldn't want to have been short based on this article.
I wish I was so detailed in my predictions - to the day. If you make enough predictions, some will invariably come to pass.
That 27.5 Naked oil put is looking pretty expensive about now.
Wow, can't imagine any answers will be forthcoming!
This one makes so much sense from a short perspective. TRCH would have made a much better article because it is a true zero.
OK so maybe you can explain your inclusion of the ticker despite no mention of the stock?
Funny but not one comment from the author. I suspect he is trying to generate controversy by publishing something like this and using the money for school.
LOL, p/e as a measure for LP's is almost as funny as using it for REITs.
Your estimate is nothing but conjecture so how can you possible criticize someone else for doing the same thing you have done in your article. Where are the facts supporting your assumptions? I am neither long nor short but have followed this story with interest. Where is your transparency with respect to the factual basis for your assumptions. I agree that this commenter has made assumptions without support but how is that different from you?
Agree with many other comments. It isn't actually that difficult to find companies like this but finding shares is impossible. This is nothing more than a theoretical exercise not worthy of being read.
Unless you have a systematic plan to time the market, a plan that has not changed for years, I believe that you have succumbed to the perils of behavioral finance. This is precisely the reason that people don't make as much as the funds in which they invest. They are simply ill-equipped to make investment decisions without factoring in their emotions. You feel the market is too high. Have you been using your indicators for the past 10 years, live or simulated? mts's comment, "I have "sold out" and "hedged" each once. Both times I've regretted it. To each his own," is instructive. If the "professionals" can't consistently and accurately predict the market, what makes you think that you can. How will you feel if we gain another 10 - 15% before end of year. Not saying we will but active investors, without a stable system, invariably lose out over time. Be very careful, adhere to a system, or turn your account over to a professional who will not be swayed by a gut feeling...
Just more pro-management, anti-shareholder activity, that's all.
The science here is certainly interesting but I didn't once see the word patent in your article. Is there a patented technology here? What are the barriers to entry for a large competitor to enter the market should it prove quite profitable? These are key questions that seem to go unasked and unanswered in your article.
John, can you comment on the amended S-3 put out on the 10th for the resale of 8.1 million shares of stock issuable on conversion of preferred, exercise of warrants and previously issued stock? No proceeds to the company, all to selling shareholders. Increases the float pretty significantly. Not what I would want to see in a company trying to turn itself around...
You mention that the transition started in 2009. I, for one, do not have patience with the same management team five years later and no tangible results. I think there are far better stories,and far better run companies if you are looking for value stories.
Can you please tell me how you can reconcile the level of SG&A with revenues? They are simply not sustainable under any scenario other than continued raises.
Why, because it didn't support his thesis of course.