Cempra, Inc. (CEMP)

[Johnny_C]

The lawsuits are not frivolous, cemp management has been very stupid for the last 8 months. It started with the cfo misleading on a call stating they would proceed in the least dilutive way possible. Then they were sold a bag of crap by investment bankers and couldn't even hold the 20's to complete the underwriting. Then these dopes decided to market the dug themselves instead of being bought out or partnering.

My bet is the board is now considering bringing on a real CEO to manage the company. This is based on the tone of the call last week in which management completely stated they screwed up the roll out.

We have tripled and had better than a double trading CEMP. Went back in at 10 and have been averaging down.

The vote in the efficacy was 13 positive and 0 negative. The liver issues were always known and present Because this is a life saving drug I believe this will pass and hope the stock shoots back above 20's.

There are 4 possible outcomes with 2 positive, one neutral and one negative. I think that at the least the drug will proceed with perhaps more studies. The FDA fadt tracked this because it is a life saving drug. If the drug is only approved in a narrower indication pending more studies I wouldn't expect a huge short term bump.

I am betting on a big move up, because I doubt this be completely denied and a big percentage of the stock drop is due to complete lack of confidence in management as they were very misleading while they were high fiving themselves in the glass bubble they live in.