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Whatever their (Celegene's) reason t-bo, it ain't likely to be good for us. Just my opinion.
They didn't need an invitation. Part of the Revlimid deal included two seats on the BOD. Until now they haven't exercised that right.....the question still is why now? But it wasn't a lack of invitation.
Celgene head of research is now on ENMD board and we have interaction on a senior level with them. Who thinks this is good news?
"Will explore opportunistic methods to obtain additional funds without dilution". Easy to say. I think any dilutive capital has already been raised…I don’t believe that they’ll be able to go back to that well anyway. All I see left are selling rights to a compound or partnership.
How the road from promising scientific breakthrough to real-world remedy has become all but a dead end.
http://www.newsweek.com/id/238078
t-bo...I'm hopin' that you don't find him....the worst doctor in the country. I wouldn't even wish that on turner...welllll maybe.
Rocky, thank God I don't have a doctor's appointment tomorrow! ;)
You may want to reword that t-bo. Just because the Lt Col doesn't belive that BO is a citizen doesn't necessarily mean he's a bad doctor. Same with the fool who shot up Ft Hood. Maybe more like, just because someone is a doctor doesn't mean that they're a good person...or in my opinion a good investor. Hell...just because they're a doctor doesn't mean anything other than they finished med school and passed their boards. And in Dr Steve's case....we don't even know that.
Oh yeah, while we're at it...George...just because I don't always agree with you doesn't mean I've 'trespassed' against you.
Gotta go...there are bees to be tamed.
George, I'm not going to pretend to be a doctor. My point was that it is easy for anyone to do it. Secondly, I've known several doctors who were savvy investors....and several who were fodder for PT Barnum. My earlier point was that 'Dr Steve', whether he's a real doctor or not, hasn't, in my opinion, shown any investment know how that makes him a good example. Surely just because he may be a physician and has put a boatload of money into Entremed stock doesn't make him the gold standard.
there will be discussion about NOT presenting at ASCO this year What's your thinkin' about this t-bo? So far I find your opinions much more sensible than 'Dr Steve's'....I'm thinkin' that I'm going to start signing my posts...Dr Compost.
George, I'm thinkin' that what's true for 'Dr Steve' is true for the rest of us. Why is his opinion important?
When was the last time we had a quarterly conference call? It does suggest that something is different.
I surely don't consider myself a pessimist as far as Entremed is concerned. On the other hand I don't think we have a slam dunk. I think that ENMD2076 has significant potential. But I know for certain that isn't enough to assure our success. I think the next couple of months will be make or break for us. George, you and I are hoping for the same result. Our difference is that you are absolutely convinced of that result and your posts reflect that. I still believe it can go either way and my posts reflect that. To my way of thinking my posts advise caution when making an investment in something as speculative as Entremed.
I don't doubt your motives George. I think t-bo is right. You are passionate. When you make wild predictions, without any inside information, then you are only guessing. Yet you claim those with absolute certainty. And the great news or higher pps you promise have failed to materialize. I understand and accept the risk…I think some of the readers over at Yahoo may not.
My mood? Unchanged for the past few years (since Panzem stopped being tested as a single agent). I am hopeful. You aren’t the first to suggest that I’m full of crap…you likely won’t be the last.
George, if you stay on topic….you won’t become the subject.
Caveat emptor is a phrase I’ve read associated with George’s posts. While we often think of it as a commentary on buyers’ foolhardiness, it really is a statement about unscrupulous sellers. George, long ago, established himself as a trustworthy researcher on all things Entremed. He now appears to be trading on that trust. We don’t think anyone will buy an equity based on message board pumping but we do believe there are paid bashers. Can we really believe that someone would pay a basher if they didn’t have a measurable impact? And if we accept that, then how can we ignore the effect of a long standing, trusted pumper?
George, IHUB isn’t likely to become a nuthouse like Yahoo. The topic of your posts is appropriate, in my opinion, when their nature and quantity are significant and are directly associated with Entremed. If you stayed on topic this thread would never have begun.
Regards
I don't recall that George has ever encouraged persons to buy this stock... Actually t-bo, I think he has. He's frequently talked about an anticipated rise in price and the constant promise of imminent great news. I'm not as pessimistic as Mobery but I'm also troubled about George's excesses. I continue to be hopeful but so far the impending 'great news' has consistanly been disappointing.
tripple H Why do you speak in riddles? What is with that????
Compost: Both you and Celgene may change your minds when you see the results from the Phase I study of ENMD-2076 as a single agent treatment for multiple myeloma.
George, my mind doesn't need changing. I believe that 2076 has blockbuster potential. If I didn't I wouldn't own an interest in Entremed.
Unfortunately, I also realize that the best compound doesn't necessarily win. You and a number of posters seem convinced that trial outcomes will guarantee the company's survival. I believe that will only be certain if the results are so spectacular that they cannot be ignored. On the other hand if the results are only very good to excellent then we are still not assured of a partner. In that case it may go either way.
The difference between you and me? You are convinced of success. I'm hopeful
Whatever else Celegene might be, they'll never be a 'partner'. I've said it before. They're a one horse show. And they got that horse at our expense. They no longer have any interst in Entremed....and I say good riddance.
I'm happy to be proven wrong.....on this occasion.
George, I'm less sure about Entremed getting any royalties from Endo or Angio. I'm thinking that when Entremed relinquished their license to those compounds that they also lost any rights to them.
Do you have any documentation, written after they formally returned the ownership to Children's Hospital?
I know you'd like it to be so....as would I.... but that doesn't make it so.
agdx, I don't plan to argue this with you any longer. I'll just repeat...one last time...that by July 16 Entremed will either have a partner and be well above a buck or so close to bankruptcy that even a 20:1 reverse split isn't going to matter. Just my opinion.
It'll be interesting to see what the next short sale report says. It'll also be interesting to see the institutional shareholders' summary for the next couple of quarters. If there's any evidence that someone sold short, then replaced those short shares with shares from this placement it should show. It wouldn't be hard to hide a few hundred thousand shares but multimillions?? I don't think so. And if that turns out to be the case.....I'd have to take biglefthook off ignore....and apologize to her.
The concern about dilution escapes me... at this point what are the choices?
I'm with you on this one t-bo. They bought themselves another few months. At this point the choice is sell equities or go bankrupt. A lot of folks seem to forget that this is the real purpose of the stock market. Raising capital.
I don't think this company has always been run well but I don't presently see any better alternative either.
I do find it interesting that they were able to find someone to invest $3+million. I'm thinkin' that the fat lady hasn't sung yet. I'm also thinkin' that selling the remaining $20+million will be a challenge without some significant news.
Oh man….agdx…a coup de grace! You mined the depths of the internet and masterfully chose links that were logical and irrefutable. Now even a simple mind like mine has to accept that Entremed MUST do a reverse split or they will surely fail.
How could I have ever doubted you? I am humiliated.
Oh yeah agdx....you got me...you are just too brilliant. They're gonna do the reverse split and that'll carry them until they get the 'product to market'. And that's how a public company operates. It is just too ingenious!
I am so embarrassed.
They have committed to selling the company, all that remains to be determined is to whom and how much.
What makes you think this?
rkopenec, I don't get your point. I'm convinced that AGDX doesn't understand the fundamentals of reverse splits or the futility of trying to reverse split a stock valued at 0 enough times to equal a dollar.
IMO they will sell low
Ok...let's say they do. What purpose would a reverse split serve?
agdx...please read this very carefully. By July 16 Entremed will either have a partner or be bankrupt. With that in mind...what is the point in even considering a reverse split?????
I don't see any way out of reverse split and will stay away from this stock
Then you're going to stay away from this stock indefinitely. In my opinion, a reverse split is out of the question...regardless. There's enough money to run this operation...maybe...until the end of the second quarter. With the initiation of new studies it may not even go that long. So...either we're going to get a partner in the next few months and go above a buck or we'll be bankrupt. What's the point in even discussing a reverse spllit?
It there's a single buyer and/or seller there'll surely be an SEC filing. On the other hand that filing may not tell us much other than who is doing the buying/selling.
Ken, I've owned ENMD stock for over a decade myself and this is different than anything I can remember.
The fact that someone(s?) are unloading in such huge quantities in unnerving. The fact that someone(s?) are acquiring in those same numbers is reassuring. There's something bipolar about it all.
How about this Ken. I find it amazing that 9+ million shares have traded and the price has neither totally tanked nor has it gone through the roof. There are a load of sellers anxious to get out but, evidently, big buyers equally anxious to get in.
This does not have the ‘froth’ I usually associate with daytraders’ churn. We may be witnessing a substantial shift in ownership. To what end would be pure speculation.
It’s ok ACC…I don’t take adult differences of opinion personally.
I, frankly, think Celegene couldn’t care less what’s happening at Entremed. If they wanted inside information they would have exercised their option for the two seats on the BOD….but they chose not to.
Am I naïve? Maybe. But I think most companies are pretty careful about insider information. There’s waaayyy too much opportunity for a successful shareholder lawsuit if it ever comes out. The truth is that the most important information is already publically available….no insider info required. This is reality...in my opinion.
I don’t have an especially high regard for Celegene. They were a bit player in the pharmaceutical industry and by a stroke of luck were able to get an oncology application for their single drug. For all practical purposes they are still a one pony show. Their strongest talent, in my opinion, is an ability to milk their single agent for all it’s worth. One day, someone is going to come up with a more glamorous pony and Celegene’s going to disappear. They get a lot of undeserved credit from Wall St. Just my opinion.
they have an inside track,so to speak as opposed to an outside entity
Regarding Celegene, which inside track are you referring to?
George, it's entirely possible that God has chosen not to intervene on Entremed's behalf.
It's gonna be hard for me to put a good spin on Knight's leaving the BOD. If we were on the cusp of great news...don't you think he'd have stayed long enough to take some credit? And if the company is about to go belly up....wouldn't he be wise to distance himself from it?
Sorry but this is a fellow who is in a position to know what's coming down the pike and his leaving isn't good news.
OT: Ken, I got home yesterday, put bees into their new homes and finished around 10PM...so I didn't even turn on my computer. This AM...checked my home computer and Entremed's website looks fine.
So either I live at the absolute end of the dns propagation chain...very possible...or the bees did it.
Ken, I thought I was somewhat computer and intenet savvy. I have two websites I started from scratch. I've moved both from one provider to another without a hitch....dns propagation and all. I have two backup drives on my home computer. One configured to do a weekly backup and the other to backup files as they're changed. I worked with advanced technology for decades...prebeekeeping.
I cleared cookies and history and have restarted that computer and still got the placeholder...as of yesterday (Tues) morning. I'm in a motel in S GA this am...picking up a truckload of bees...and in this motel using my laptop...no problem accessing the Entremed website.
Go figure.
Best to ya
In reply to number 3...I don't remember Entremed ever saying anything other than a second quarter start for pII. I did hear Dr Messerschmidt in Colorado refer to a March start.
Oh yeah, number 9....they already own us.
But then, what do I know about anything....I still can't access their website.
Maybe you could copy that letter here for me. I'm still gettin' the placeholder.....