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Brett22

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  • Hisun Pharmaceutical Doubles Down On Celsion [View article]
    Interesting article on CLSN for we bulls who recognize opportunity.

    http://seekingalpha.co...
    Jul 28, 2013. 10:15 AM | Likes Like |Link to Comment
  • Hisun Pharmaceutical Doubles Down On Celsion [View article]
    That perspective would be published by a short that got a little burned today and it hoping to scare people to avoid getting torched in the coming weeks.
    Jul 19, 2013. 03:48 PM | 3 Likes Like |Link to Comment
  • Hisun Pharmaceutical Doubles Down On Celsion [View article]
    Been long on this since $1.25 and I'm not selling anytime soon. Follow the money both from this investment and Sabby Capital's investment earlier in the summer at $1.75is. Sabby does not invest in this type of company unless they think they can get a 400% return and they made the investment after a LOT of diligence. If nothing else, one of the big pharma companies could take out CLSN and use their delivery method and patents with a future drug. Similar to MNKD, this could make a huge run once the positive news accumulates.
    Jul 19, 2013. 03:25 PM | 4 Likes Like |Link to Comment
  • Skyworks (SWKS): FQ3 EPS of $0.54 beats by $0.01. Revenue of $436.1M (+12% Y/Y) beats by $0.7M. Shares +5.8% AH. (PR[View news story]
    Very bullish earnings and guide. Glad I bought more today. If this could only better decouple from Apple's stock price, we could get moving again and trade closer to $30
    Jul 18, 2013. 04:42 PM | Likes Like |Link to Comment
  • Celsion Keeps Playing Small Ball [View article]
    Good article and just furthers my resolve to stick with CLSN as a spec play. Got into this based on a recommendation from a doctor buddy who is on the world renowned liver cancer treatment and liver transplant team at Leahy Clinic in Burlington MA. When all the haters come out in droves, you can be sure you are on the right track. Shorts try real hard to scare off weak hands.

    Is there an ignore user comment button so that I can avoid reading comments from that bitter hack Adam Feurstein? Move along already.

    Also, I'm on the board of several companies and the companies that are small do not have CFOs. Not a big deal that the CFO was fired or left. Not a lot of heavy lifting and complex financial activities that need to be addressed in a company the size of CLSN.
    Jul 3, 2013. 08:14 AM | 2 Likes Like |Link to Comment
  • Linn Energy (LINE -18.5%) and LinnCo (LNCO -16.9%) slump to session lows in the wake of the informal SEC inquiry and subsequent J.P. Morgan downgrade. Also issuing a downgrade, Wells Fargo believes the Linn structure, in and of itself, is not under scrutiny, but says investors may discount the possibility that the Berry (BRY) merger unravels given the inquiry which could take one to four months to complete. [View news story]
    You may want to go back and listen to Lee. Very bullish talk up and said "the assets are worth at least $40". Should you want to educate yourself to exactly what was said, it starts at 5:40 in the attached recording from the CNBC appearance I referenced:

    http://bit.ly/121n7ZL
    Jul 2, 2013. 03:30 PM | 1 Like Like |Link to Comment
  • Linn Energy (LINE -18.5%) and LinnCo (LNCO -16.9%) slump to session lows in the wake of the informal SEC inquiry and subsequent J.P. Morgan downgrade. Also issuing a downgrade, Wells Fargo believes the Linn structure, in and of itself, is not under scrutiny, but says investors may discount the possibility that the Berry (BRY) merger unravels given the inquiry which could take one to four months to complete. [View news story]
    How about Leon Cooperman who was on CNBC last week telling the flock that Omega had "3 different accounting firms separately analyze LINE's accounting and there are no issues" when Leon defended Omega's large LINE position. More pain to come in this name. Makes me also skeptical of TCRD which Leon tried to talk up multiple times but has not traded well over the past month. Buyer beware.
    Jul 2, 2013. 02:45 PM | 4 Likes Like |Link to Comment
  • 2 Possible Buyout Candidates In Tech [View article]
    And this one from Mizunho. Being patient. and adding on any big dips.


    http://bit.ly/14TmXrn
    Jun 24, 2013. 01:36 PM | Likes Like |Link to Comment
  • Ebix Worth No More Than $8, Likely Headed To $0 [View article]
    At a large social event today, I ran into a guy who manages a long only fund and I asked if he was investing in Ebix & what he thought about the past week's news. The guy had a position in 2012 but no Ebix position now or in upcoming months since the Investment Committee would never approve an Ebix position today as too many risks where you "can go to be with a $14 stock and wake up with a $6 stock".

    Said that the initial stock plunge was largely due to massive exits by long arbitrage guys once deal termination was announced (they had taken big positions expecting either a) Goldman to up the offer in light of suits related to what was perceived as a low buyout price of $20/share or b) another acquirer to top the GS $20 price) Second leg down Friday was largely due to funds that are concerned about further losses and don't want Ebix to show as a holding as of 6/30/13 when the quarter closes so they dumped shares. There are still a lot of "longs" trapped in the name and when they better understand the risks, there will be a few more big down days before the stock trades sideways. No other acquirer is anywhere in sight and the company will need to "go it alone" until it sorts out some major issues.

    Things people should consider (some related to original author, but I would discount much of what this blatant short seller says just because his bias is so obvious):

    -The free cash flow estimates that bulls crow about do not include outflows required to get current with Microsoft licensing nor do they include the huge legal fees related to the MSFT suit. When you have litigators and IP attorneys billing out $700/hr it adds up fast.

    -Free cash flow estimates don't include legal costs and potential fines related to the US attorney suit. Biggest wildcard in all of the major issues.

    -Free cash flow estimates don't include potentially significant costs related to transfer pricing issues. Huge hot topic in Washington and across the world these days; Ebix has adopted one of the most aggressive structures around and the distraction and legal costs related to this will be significant.

    -MOST significant is the potential that the company's revolver and/or other debt could be called due to covenant defaults if the lenders feel they have exposure. If things go bad with the US Attorney, lenders may not want to hang around to see things to the end. Section 5 and 6 of the note agreement (SEC filed version attached) allow the lender to call the debt for a lot of reasons should the US Attorney suit turn out to have merit and get serious. Should that happen, the announced buyback would likely need to be cancelled and the ensuing cash crunch could require a dilutive stock offering or private placement. For the bull case, all should hope that Ebix has good relationships with its lenders and no significant events of default are triggered. If the company's long term debt is classified as "current" the company has a significant working capital deficit with any capital raise events likely to be costly and dilutive.

    http://1.usa.gov/12jXOAM

    Much to much drama for me with this stock and looks like more downside to come so I'm just going to watch from the sidelines unless things approach $5 range. Sounds unlikely but who would think the stock would be at $8 last year at this time.
    Jun 23, 2013. 09:05 PM | 4 Likes Like |Link to Comment
  • Ebix Worth No More Than $8, Likely Headed To $0 [View article]
    Yea, that's one helluva rocket ride. Down 13.5% today and down a smidge after hours. If you're smart enough to catch it perfect and day trade it for a little bit, then all the power to you. I suppose the folks buying at $11-$12 yesterday thought they had a great deal until the thing gapped down to $8 today.

    Unless you have inside news, buying here is like going to vegas. Being in the energy space, I thought I was smart years ago buying a proven winner on huge multi-day dips. The company had great results, an audit from a "Big 5 firm" and had lots of sell side support. Needless to say, I ended up taking an 80% loss on a company called Enron. Good luck to people that have it all figured out.
    Jun 21, 2013. 04:53 PM | 1 Like Like |Link to Comment
  • Ebix Worth No More Than $8, Likely Headed To $0 [View article]
    Was thinking of taking a small speculative position until I read this so I'm just going to sit this one out and let folks bash each other:

    http://bloom.bg/11sCD3W
    Jun 21, 2013. 02:57 PM | 1 Like Like |Link to Comment
  • Ebix and Affiliate of Goldman Sachs Agree to Terminate Merger Agreement [View article]
    Funny how there was a gap down in price on the 14th, the same day the US attorney letter was received. No doubt somebody got out based on inside info as the price range was virtually locked into a very tight range before the 14th.
    Jun 19, 2013. 08:25 PM | 1 Like Like |Link to Comment
  • Ebix's (EBIX) merger agreement with a Goldman Sachs affiliate has been terminated. The termination is the result of Ebix's receipt of a letter from a U.S. Attorney for the Northern District of Georgia stating it has "opened an investigation into allegations of intentional misconduct" found in recent shareholder class action suits against Ebix. The letter follows an SEC investigation into Ebix's accounting launched earlier this year. EBIX -25% AH. SA contributor Gotham City Research has been quite critical of Ebix's accounting for some time. [View news story]
    The arbs are getting killed tonight. Really interesting to see just how low this goes tomorrow. I guess Robin Raina's tax issues and very aggressive tax positions are finally coming home to roost. I suspect this will be under $10 within a week.
    Jun 19, 2013. 08:17 PM | 2 Likes Like |Link to Comment
  • Money manager and Fox Business contributor Tobin Smith is dumped by the network following a report his firm accepts money from microcap companies to promote their stocks. Smith and friends just pocketed $50K from a stock endorsement for Petrosonic Energy (PSON.OB), a Bulletin Board company that has no revenues - "taking a bag of cash and luring the dumbest, poorest people into losses," Josh Brown says[View news story]
    How about investigating Charles Payne on Fox; constantly pumping these small stocks "his firm likes". Just last month talked up 2 great microcaps Ballard Power and Capstone Turbine; now look at where these trade. Makes you wonder how many others doing the same..
    Jun 18, 2013. 07:31 PM | 4 Likes Like |Link to Comment
  • California Democrat Linda Sanchez requests an FTC investigation of Herbalife (HLF) saying that as she has "learned more about the issue from [her] constituents … [she] believes it is the FTC's responsibility to examine allegations" that the company takes unfair advantage of one of the "country's most vulnerable populations." For its part, HLF says had she called the company, it would have explained how its products "change people's lives." [View news story]
    10-1 odds she's peeved that HLF management sick of paying 12% California income tax supported a republican and not the esteemed Ms Sanchez. I want an investigation of all her motivations for asking for this "investigation".
    Jun 13, 2013. 07:57 PM | 4 Likes Like |Link to Comment
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