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This CEO has done nothing. He has been talking partnership for two years. Abbott will probably not even launch Vitaros. Watch and see.
What is your take on the declinig stock price then. Something is not right. Where are 4.5 million shares supposedly sold to institutions. There are 3 million shares not accounted for. I am not bashing as I am still a long term investor but something is not right. Anyone else concerned.
Look at the stock price. There is definitely something wrong. I have a feeling Abbott will not launch this year if at all. With the anticipation of the launch of Vitaros, there should be some interest in the stock. There is absolutely none. If and when the price goes lower and I think it will be below 2 shortly, there will be no Institutional interest at all. There is none now. Damaj will probably do anothere reverse split which will be the death of the stock.
I think we are in big trouble. The equity financing with Ascendiant and the shelf offering has become death to us all. I think they should look to sell the company.
Thanks, I read the presenation you posted from Weds. conference in San Francisco and there was no mention of Prevenco. Do you think they might be putting this on the back burner. Your thoughts.
Merlin, so you think Totect was a good deal with future revenues to be substantial.
I just finally realized why the offering was done. Damaj probably new Abbott was going to be the partner and wasn't going to launch the drug until late 2012 or possibly 2013. That was the best deal he could get. He probably also new Europe was going to delay the approval until late 2012 or early 2013. That was the best deal he could get. That is why the up-front payments are very minimal. That was why he was buying those small companies to try to get some type of revenue and he knew the company was going to run out of cash. He also knew he wasn't going to be able to market Femprox and Prevonco because of the shortage so that was why he put in the 10K about needing a partner. Put him under oath and I bet he admits all of it.
I thought for sure they ad an ace up their sleeve when the institutions came aboard. I guess I was wrong. So they must have also been.
You don't thin k the purchase price will tank tomorrow.
There is absoloutely nothing positive at all in this report. What is absolutely amazing is how he got the institutions to invest at all. The retail nvestors will be jumping ship real soon. You watch. There is nothing to hold up the purchasr price. Now i know why they did the 100 mill offering. They will probably need to do another 100 mill offering the way it looks. The purchase price will not hold at all tomorrow.
I thinky they sold everybody a bill of goods.
I have to give Damaj credit, that was one hell uva sales job to get institutions to buy. I wonder what they will think when they read this
Wow, it is absolutely horrible. Oh my god.
Did they just purchase shares or were they stock options.
I would think the EU approval should be happening shortly. Why else would they have done the offering at this current time. If it was going to be later, why would they take the chance on the stock price going lower and then having to issue more shares to get the same amount of money. Thoughts.
I don't mean to get overly optimistic, but I think the WC news is absolutely huge. It means they are very interested in the new version of Vitaros vs. what they got previously. If we get them to play ball, watch out. Your thoughts Merlin.
Don't know what to believe. I talked to my broker today and he says this companmy has a bullseye on its back. Lazard wants to take this down to around 2.50 a share. Then to start buying up shares until around 3.00, then unload. Is this possible. he said the financing was a scam. They are the ones that are doing the shorting and have been for quite a while. They are working with Abbot for a cheap takeover.
Thanks, One thing I am very concerned about is the delay in getting Vitaros on the Canadian Market. I remember Damaj saying it was goint to be on the market in early Nov. but that was if a partner was signed. Now that we have a partner I would think it should be available already. I just dont get what the hold-up is. I would think Abbot would want to start selling ASAP, so if/when it gets approved in EU they would be ready to roll. I just don't get what the hold up is. I think this is also hurting the stock price also. Thoughts.
Merlin, your posts are great, keep them up. Where do you see this trading in the next couple of months. I think we have reached a bottom around the 3.50-3.70 range. i would not be surprised to see this shoot above 5 rather quickly. Your thoughts or anyone elso on the board. Thanks.
Check out the Yahoo Board. Pretty funny. Investors on the revolt.
I am long 86500 shares at 5.11 Avg. I hope I am not in deep trouble. Been in since March 0f 2011.
Is that you