back a few motnhs ago i cleaned up a pile of hypester garbage about news vs actual business filings.
the concrete example was btim:amex.
going into 2010, with afresh pump in place, it’s time to revisit and revise.
the plan, according to btim, as stated in its filings is:
1. license patent estates and repackage them; (being done) –still being done.
2. license software for the building of a clearing house for stem cell info; (done); -progressing towards possible cash flow…unknown amounts.
3. develop a line of reagents and tools for biomedical research (in progress) progressing with cell lines actually actually for sale thru mil, allowing speculators to get actual numbers about 041510. this is being spun by hypsters as a separate subsidiary. a pr firm is doing the work..demonstrating that this is “news” and not events.
4. sell stock to fund the inner circle (being done more and more) and more and more, most recently with a plan to give insiders another free ride to a take under.
5. use the buzz to get listed on nasd or..lol..amex… (in progress) done. and advertised world wide by having gthe ceo ring the bell at the opening, making world tv the same day. so “under the radar” is gone as an excuse.
6. hire boiler rooms to pump (done regularly); being done afresh for 2010
7. increase financiers’ net $$ and % without risk (every year since 96) again.
8. sell stem cells (been being done for over a year without report of any sales) 6+ lines now in the mil catalog
9. cash checks from hextend license and distribute to financiers to keep the door open,(done every year from 2000 to april this year); yup.
10. get grants, and do work once the $$ are in hand; (limited success with hextend (<$1mm since 2000, studies evidently failed since there was no follow up) $1.6mm a year for 3 years offered by california for stem cells. six month after grant authorised, no reports of money received, but a statement from btim that with $4mm in the bank thy will do no work on th grant project til cash in hand, even tho the grant is for the core of their held-out biz strategy. first check rec’d in october. $ spent hiring people who can actually do the work whiloe mikey talks about it.
11. spin off “subsidiaries) that allow the financers to profit w/o very low risk; accelerating with a paper game called “oncocyte” which was created as a paper shell for the p[urpose of giving new finance insiders a free ride. possibly progressing towards a pump&dump for 2010 autumn.
12. use warrants as a play pretty to manipulate the borrow and bring in cash to the treasury (maybe 5 or 6 times in 12 years); still seems to be happening, especially with btim executing a forced conversion as announced by one of the pumpers working on the inside.
13. paint the tape. hasn;t been done for a while…but will be a side effect of the warrant game mentioned above.
how well is this plan working??
for those who like the story and understand this puppy is about 1% as solid as fnm, i’d suggest a tonne of limit orders ~4, and get out anywhere north of 5 that makes you happy. that can now be moved to closer to 4 1/2, giving a tighter range where shares can be accumulated cheap by trading into accumulation.
that’s 25%. or, if u really like this puppy, open up the limits in a widening ram from 4 7/16, and taper i out over 5 1/4… for 25% plus some free shares. shorts can treat this puppy like a chew toy at 6+..but it appears that btim will be giving them help on getting there, during february. pumpers and hypesters will be working to get it above 2009 hi of 6 15/16. since shorts see the same pump news, they will be waiting.
…since that’s what the players here have been doing since… hmmm…. ‘96??? the pattern will stay in effect, since there will be no evidence of anything like revenues til 041510… at that point a speculation can be made about what kind of future btim can have without selling paper and hype. the 1st quarter revs, minus anything from hextend, can be divided by 6, multiplied by 26 (that gives optimism for cell lines coming into the mil catalog) multiplied by 1.2 for a slow ramp, and then by 5–as a further pad on the ramp–giving a guess at annual revs for the next 2 years. as soon as such a speculation gets close to full g&a, btim stops being a development stage co–after only 18 years–and becomes a biotech r&d house.
what was it that happened in 96? that’s about when biotime started paying al kingsley for “advice.” that’s still going on. as a result, prudent speculators whoi like this puppy wil ltrade to get their basis as close to his as possible, since ak (as bethlehem steel and outboard marine testify) is working for himself–not the company, and not holders of the meaningless paper that is btim common. hypsters will continue to do anything they can to cloud that reality. the idea that speculators can live on the scraps tossed by predators does noty apply when the predators are hyenas with their own inhouse vultures.
This post was written by admin on January 14, 2010
