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Someone is really pumping this up. Wonder if it'll be a sell the news type of event like it always was in the past...
I think its a super drug. Hate to see this happen. CEO should have been on top of this last year.
Holding gains. Maybe there’s something to talk about we don’t know yet
Because there is noone talking about it now. Duh
I think we will be surprised with a decent buyout price. Your $5-$10 estimate is very reasonable. The company has .85 per share in cash with no debt. And if we get positive results from China next week, we could easily get near $10 buyout price. If Vicineum is approved by the FDA as well, it will open up the floodgates for everything else that a Vicineum combination can be used to treat. The potential here is insane!
I don’t know why the other guy that replied thinks it’s a pump and dump. There is no one talking about $SESN right now.
I wish but I think its a pump and dump. The way I read the chart we go down. Buying opportunity.
Something good is brewing, volume is up hopefully it's a buyout at $5 to $10+ per share
Yeah CEO is a dick
What happened with the Trial that Qilu pharma was supposed to run in China ?
Did that ever move forward ?
Maybe they can use some interim results to boost the price.
It was always my expectation that this would be sold due to the Toms team which sank and sold a different company .
Jmo
Worth $18.with FDA approval, let's see if we can get $7
Lol. A lot of people have been learning the hard way. I mean the pattern is exactly the same.
Tommy boy is a real piece of work. You know the ol sayin, there's another sucker born each day
I see they're trying to reel in more suckers before the R/S like Toughbilt did.
Roughly: 200 million shares and $170 million in cash with no debt
If the IP and prospects for Vicineum are completely without value, then break-up value might be around $0.80 (probably paid back to shareholders as "special dividends" / return of capital)
Assuming that the pipeline potential is good for an acquirer, then "sale" value could be anywhere from $1.50 to $3.00 (or even higher if potential is very good)
Current Report Filing (8-k)
Source: Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15 (d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 3, 2022
SESEN BIO, INC.
(Exact name of registrant as specified in its charter)
Delaware 001-36296 26-2025616 (State or other jurisdiction
of incorporation) (Commission
File Number) (I.R.S. Employer
Identification No.)
245 First Street, Suite 1800
Cambridge, MA
02142 (Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code: (617) 444-8550
Not Applicable
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8–K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
? Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
? Soliciting material pursuant to Rule 14a–12 under the Exchange Act (17 CFR 240.14a–12)
? Pre–commencement communications pursuant to Rule 14d–2(b) under the Exchange Act (17 CFR 240.14d–2(b))
? Pre–commencement communications pursuant to Rule 13e–4(c) under the Exchange Act (17 CFR 240.13e–4(c))
Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, par value $0.001 SESN The Nasdaq Stock Market LLC
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ?
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 2.02 – Results of Operations and Financial Condition.
The information set forth in the second paragraph of Item 8.01 of this Current Report on Form 8-K is incorporated herein by reference.
Item 8.01 – Other Events.
On May 3, 2022, Sesen Bio, Inc., (the “Company”) announced that it has initiated a process to review strategic alternatives with the goal of maximizing shareholder value. Potential strategic alternatives to be explored and evaluated during the review process may include the sale of the Company, a merger, acquisition or other business combination, a strategic partnership with one or more parties, or the licensing, sale or divestiture of some of the Company’s proprietary technologies. Pending any decision to undertake any strategic alternative, the Company is continuing its development activities in accordance with its existing business strategy. A copy of the press release issued in connection with the announcement is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
As of March 31, 2022, the Company had $169.8 million in cash and cash equivalents, no outstanding debt and less than 0.2 million outstanding warrants. These amounts are preliminary and are subject to change upon completion of the Company’s financial statements for the quarterly period ended March 31, 2022.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS:
This Current Report on Form 8-K contains forward-looking statements, including, but not limited to, statements regarding the Company’s plans to review strategic alternatives with the goal of maximizing shareholder value, which may include the sale of the Company, a merger, acquisition or other business combination, a strategic partnership with one or more parties, or the licensing, sale or divestiture of some of the Company’s proprietary technologies and the Company’s plans to continue its development activities in accordance with its existing business strategy, which are based on the Company’s current expectations and inherently involve significant risks and uncertainties. The Company’s actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of these risks and uncertainties, including the risk that the Company may not be successful in identifying one or more strategic alternatives or ultimately pursuing a strategic alternative that delivers the anticipated benefits or enhances shareholder value, the risk that the Company’s exploration and evaluation of strategic alternatives or the public announcement thereof may be disruptive to the Company’s business operations or cause the Company’s stock price to fluctuate significantly, the risk that the Company's exploration and evaluation of strategic alternatives may be time consuming and involve the dedication of significant resources and may require the Company to incur significant costs and expenses, the risk that the Company’s exploration and evaluation of strategic alternatives could divert the attention of the Company’s management and its board of directors from the existing business operations, negatively impact the Company’s ability to attract, retain and motivate key employees, and expose the Company to potential litigation in connection with the process of exploring strategic alternatives or any resulting transaction, among other risks and uncertainties. A further description of the risks and uncertainties relating to the business of the Company is contained in the Company’s most recent annual report on Form 10-K and the Company’s quarterly reports on Form 10-Q, as well as any amendments thereto reflected in subsequent filings with the Securities and Exchange Commission. The Company undertakes no duty or obligation to update any forward-looking statements contained in this report as a result of new information, future events or changes in its expectations.
Item 9.01 - Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description
Yes, I imagine news will show up after market close today. Any unexpected positive discussions could send this back above $1 IMO
Should get PR tomorrow.
Tomorrow is their type C meeting with the FDA. $SESN
Interesting moment, things should be heating up soon ..????
I've sent messages to IR with NO response. These guys suck!
DOWN DOWN DOWN.
competitors have better rates.
There's an easy way to tell when Sneaky Tom is lying: his mouth is moving.
He knew it was coming but he had a few mansions to buy. The scumbag will keep diluting and misleading investors. He doesn't care about the science and saving lives. All he cares about is lining his pockets.
At this point an activist investor needs to step in and depose Sneaky Tom. Don't let him drain all the money he bilked investors for with his dilution when, according to the whistle blower, he knew or should have known rejection by FDA was coming.
Takes a lot of $$$ to support Sneaky Tom and his Merry Band Of Cronies To Whom He Owes Favors while they mislead shareholders and produce nothing of value.
The money won't last that long. He dilutes every few months. Sneaky Tom never seems to have enough cash
Morningstar has a fair market value of $1.94/share. Refinitiv has 2 analysts following SESN, with a value of $1.50 and $3.00 share and Institutions are holding 32 % of the stock. I believe this will move higher. Could easily retest $2.00/share. IMO. Looks to me like they are also cash flow positive. Best of luck to the longs./ok2
But Sneaky Tom managed to build a $175 million bankroll by diluting shareholders on the way to a failed BLA campaign. The good news is there is plenty of money to pay bloated salaries for the next decade or so, even if they produce nothing.
Yes dilution, TD had 194mil Float yesterday, now 200mil... ceo is a pig
My bad AS is the same
Is dilution happening im sure float got bigger?
This is a blowout
Cash Position: Cash, cash equivalents and restricted cash were $175.3 million as of September 30, 2021, compared to $55.4 million as of December 31, 2020. -- R&D Expenses: Research and development expenses for the third quarter of 2021 were $5.0 million compared to $10.2 million for the same period in 2020. The decrease of $5.2 million was primarily due to lower costs associated with technology transfer and manufacturing ($6.3 million), partially offset by increased license fees related to a milestone payment to the University of Zurich triggered by the completion of the BLA review by the FDA ($0.5 million), regulatory fees triggered by withdrawal of the Company's MAA to the EMA for Vysyneum ($0.3 million), and regulatory consultant fees ($0.2 million). -- G&A Expenses: General and administrative expenses for the third quarter of 2021 were $8.7 million compared to $4.1 million for the same period in 2020. The increase of $4.6 million was due to increases in sales and marketing expense for Vicineum pre-commercial launch planning ($2.4 million), employee-related compensation driven by increased headcount as part of the commercial build ($1.3 million), and professional fees for accounting services ($0.2 million). The majority of these expenses were incurred prior to receipt of the CRL in August 2021. Additionally, an increase in legal fees
They've been diluting for years while dangling the carrot in front of investors. They lied about the data and led investors to believe that approval was a sure thing. They clearly knew in advance there were issues that they hid from the public. All the while they were selling shares like it's a going out of sale party.
They’re not commercial yet, how else do you expect them to get cash?
And also what did sneaky ceo do?
Look at how they got that cash. They are a diluting machine. Just be careful here as there are too many unanswered questions
Nope. I sold for 40K profit and sat on the sidelines waiting for final confirmation. Something felt off about the whole thing. I would have reentered had good news dropped but we all know what sneaky Tom did
What are the terms of joining a failing lawsuit folks - post here...
You’re another person that joined the lawsuits, its in yr interest to talk the share price down... case is dead in the water since Oct 28th
I just got here - they have $175m cash which is good, no?
You need to look at the history of this stock and Tommy boy. He's been relentlessly diluting this to hell knowing full well what was coming
You joined the class action - fda just confirmed it was one bad trial investigator fired in 2017, but also that the violations were unrelated to the Vista trial... funny
So it wasn’t 3 investigators, it was one, and the violations were unrelated to the Vista trial - “The study investigator's medical license was temporarily suspended on May 29, 2017 due to inaccurate recordkeeping, which was unassociated with Sesen Bio and the patients in the VISTA trial. The Company notified the FDA of the misconduct at that time.”
Sounds like the fda are helping SESN by sending this warning letter on Oct 28 one day before CMC Type A meeting https://www.streetinsider.com/dr/news.php?id=19115897
Lawsuits are BS
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