Verastem (VSTM)

[KOmani]

Yup, buy a core position and then trade to add more.

It's never fun for a company when it's considering winding down.

Of course the company can continue, but when the market valuation is lower than breakup value, it may be time to consider ending it.

If the company continues and is not successful, it may be in a difficult spot to raise funds. The market is not particularly strong at the moment and many offerings have been priced 20-30% lower than current prices.

Not to say that they need to raise cash now, but if the outlook isn't great, it might be in the best interest of shareholders to wind down the company.

The big issue is that doubt has been placed on VS-6063 and it's efficacy. I am a trader, so my motives may not be as altruistic as others. But when a significant amount of your pipeline is in question, things don't look the best.