This past week started with announcement of attending and speaking to security analyst&institutions conference on Oct.7th. Then the anticipated de-listing & compliance letter was released thereafter the previous release. The stock traded all day friday with over 120k volume and it was +1 (penny) after all that and closed at $.45 cents. What I'd like to know is what is the purpose of speaking, a week from Monday, in front of security analysts, fund managers and institutions? With a stock price that has declined from $18 dollars, a balance sheet that is poor, earnings loss qtly getting larger and larger, and now a compliance letter and de-listing notification, how can the Ceo Mr.French hold his audience spellbound that day. With this record he should be standing in the crowd blending in rather than embarrassing himself any further. I don't see him attracting anyones interest and that goes for any partner either, that he is trying to attain. Not with these statistics, past record, and current stock price on top of all the bad news this company has received lately and the wall street crisis and credit crunch going on right now! All I see is New Lows ahead!
BURN RATE HIGHER THAN REVENUE. HOW IS THIS COMPANY GOING TO FUND FDA PROJECTS OR CONTINUE PAYING ALL THE NEW PERSONNEL THEY ARE HIRING AND THE REST OF MANAGEMENT? RECENT UPTICK IS UNWARRANTED WITH DEBT RIDDEN LIABILITIES AND A GROWING LETTER OF CONCERN ISSUED BY THE COMPANY/ ACCOUNTANTS THIS YEAR. LET US NOT FORGET THE DE-LISTING STATUS BY NASDAQ TOO.
1) WHERE IS THE 2010 EXPENSE MONEY NEEDED TO CONTINUE AS A COMPANY, FOR ONGOING PRE-TESTING IN VIVO PHASES, MANAGEMENTS PAYROLL, ETC.? 2) WHEN WILL MANAGEMENT START BUYING SHARES OF THE COMPANY IF NEWS RELEASES, CONFERENCE CALLS SOUND SO PROMISING FOR THE COMPANY? 3) IS THE COMPANY PREPARED FOR ANOTHER LETTER FROM THE NASDAQ, REGARDING STOCK PRICE TO BE UNDER $1 DOLLAR AGAIN IN THE NEAR FUTURE? 4) WILL THE COMPANY RECEIVE ANOTHER "GROWING CONCERN" LETTER FROM THEIR OWN ACCOUNTS AFTER YEAR END FISCAL YEAR REPORT? 5) WILL FRIENDLY RESEARCH FIRMS CONTINUE AS USUAL FOR THE YEAR 2010 TO ISSUE 'BUY' RECOMMENDATIONS, AND HIGH TARGET PRICES AS SO FOR THE LAST THREE YEARS? OPINION:MDRNA INC(MRNA) CONTINUES A DOWNWARD SPIRAL, STAYS UNDER $1 DOLLAR FOR 30 DAYS, RECEIVES LETTER FROM 'NASDAQ', AND REMAINS WEAK GOING INTO SPRING OF 2010. IT IS ONLY LOGICAL, BUT AFTER 26 YEARS TO DATE, THE AMAZING ACCOMPLISHMENT SO FAR, HAS BEEN THAT THE COMPANY STILL EXISTS, AND MANAGEMENT STILL GETS PAID.
NOV.20TH-MRNA, SADLY FOR SHAREHOLDERS, THE STOCK CLOSED AT $.85 CENTS. THE VITAL SIGNS AREN'T GOOD TODAY. SIGNAL SCORES ANALYSIS BEARISH 2 SIGNAL, 12 SENTIMENT. BARCHART RATING, 100% OVERALL SELL RATING! http://quote.barchart.com/texpert.asp?sym=MRNA AHEAD OF THE CURVE SINCE DECEMBER 2006. $20.00 THEN,OUT. WHERE IS IT TODAY, $.85 CENTS. THE LAST HIGH WAS OCT.12TH AT $1.46, NOW $-.61 CENTS SINCE I STATED IT WAS GOING BACK UNDER $1 DOLLAR. OF COURSE YOU CAN NOT EXPECT SHAREHOLDERS TO ADHERE TO WHAT MY OPINION IS. HOWEVER, WITH THESE CURRENT RATINGS & ANALYSIS SIGNALS ALL OVER THE PLACE, THE REAL POTENTIAL OF A BLOOD BATH WILL BE MORE THAN LIKELY VERY SOON. PANICKING HAS BECOME REAL AS OF LATE, AND YEAR END SELLING WILL HAPPEN ACROSS THE BOARD SOON. SO WITHOUT ANY SPECTACULAR NEWS, REALISTICALLY, THIS STOCK CAN DROP FURTHER DOWNWARD LIKE A ROCK. HERD MENTALITY WILL SHIFT, AND SOON THE STAMPEDE WILL BEGIN TO THE EXIT DOORS. MY OPINION, BUT THEN AGAIN, MY RECORD ON THIS SITE AND A HALF A DOZEN SITES HAVE BEEN THE MOST ACCURATE FOR TWO YEARS STRAIGHT! OWNING A POTENTIAL BIOTECH STOCK THAT MAY END UP A WINNER ONE DAY IS ONE THING, BUT HAVING TO DEAL WITH THE ECONOMY, UNEMPLOYMENT, HIGH FORECLOSURES, AND DAILY STRESS OF THIS PARTICULAR COMPANY, IS FAR TOO MUCH FOR ANY HUMAN BEING. YOU CAN HAVE IT WITH MY BLESSING! MY OPINIONS, BUT FRUITION AND MURPHY'S LAW ALWAYS SURFACES.
10/06/08 MRNA IS NOW $.27 CENTS AT 2:20P.M.
TOMORROW AT 11A.M. IS THE MAXIM CONFERENCE
WHAT COULD POSSIBLY INTEREST ANALYSTS, FUND MANAGERS, OR ANYONE ELSE WHILE THE STOCK MARKET IS GOING UNDER 10,000 TODAY.
WOULDN'T BE SURPRISED IF FRENCH RESIGNS BEFORE THEY ARE BANKRUPT OR STOCK GOES TO PENNIES.
01/27/09 MDRNA INC(MRNA) NEWS THAT THEY JUST BORROWED MONEY, ONLY ADDS TO ALL THE RED FLAGS THAT THEY HAVE AND INCREASED THEIR BURN RATE TOO. MINYANVILLE ARTICLE SAID ON JAN.23RD, THAT THIS COMPANY IS THROUGH. BUT THEY ARE STILL CAPABLE OF SECURING A LAON WITH HARDLY ANY REVENUE AND HIGH DEBT?
Feb.4th.UPDATE-MDRNA INC(MRNA)
FORM 8K-THEY ACCELERATED THE RECENT PAYMENT BCAUSE THEY NEEDED THE MONEY TO CONTINUE OPERATIONS.
HOWEVER, THEY DID SO BY "reducing the aggregate amount of milestone payments that could be due to the Company under the License Agreement from $89 million to $80 million, and (iii) establish a flat royalty rate for sales of products under the License Agreement."
To pay expenses they were happy to receive $1 million dollars which was desperately needed to pay bills and payroll. After several lackluster volume days, yesterday's volume was over 500,000 and yet the stock price had trouble going up one full cent. This signifies to me, that there were more sellers than buyers. In 40 days the Year End Earnings Report comes out. Between now and then I expect a significant drop in stock price. Even a prestigious site as VECTOR VEST, has the book value at $.15 cents. Therefore, it is over valued and forevermore over hyped. Current investors are purely gambling and looking for the quick score. I stated pretty much the same thing a year ago September 2007 before the stock price took a nose dive. From $20 dollars to $.28 cents tells you that you get what you pay for and nothing more!
02/23/09 NEWS ANNOUNCEMENT-SUCCESS WITH A RODENT! I'M TELLING YOU, THEY HAVE MORE GOOD NEWS ANNOUNCEMENTS THAN ALL THE CITIES IN THE UNITED STATES. BUT THE STOCK IS AT $.28 CENTS BECAUSE IT IS FINANCIALLY STRAPPED, IN DEBT AND HAS A SIGNIFICANT BURN RATE!
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$0.48 (09/28/08)
