A key indicator if this too-long story of a stock gets sold sooner than later could be if a substantial increase in the salesforce is funded. The investor day and AGM slides were silent on this (though I haven't heard all of the replays).
The Pona sales people had their hands full in not meeting those targets so no way you give them the Brig box to sell now too. Ariad would need need to hire more folks for that and other reasons. And they haven't.
If they hire, I think it portends a longer haul. If they don't, I 'd say not.
R&D/trial costs are rapidly going to move up. Marketing costs would too. Net net, I think the cash drain stays near $50mm quarter (that Eu overhead dump bought the company just one quarter).
If we see substantial weakening, it will signal that Denner is diluting to raise money. He just needs to get on with selling this underperformer. Most of its peers from the 90's made it long ago.
The BoD overpaid themselves and the CEO, they breached their fiduciary responsibilities, they doctored their records and coerced and bought off their accuser...I want THE TRUTH!!!
