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Ok thanks. Why was hdvy picked on Friday? What triggered the pick on Friday vs any other day?
Of course if the board has enough followers who act it’s a self fulfilling prophecy. Someone posts that a stock will go up, a bunch of people buy and the stock goes up. Just like WSB on Reddit
Why was hdvy picked? Technical analysis or a bet on the lawsuit?
2022? So it’s only another 13 months away.
We can hope. Perhaps the longer it drags on the better chance for a settlement?
On Monday it won’t be anything. Market is closed. Hehe
Hi Gail. I hope you’re doing well. I don’t subscribe so not able to send PM’s. Welcome back and best of luck with your trades.
I forgot to mention I’ve never been concerned about the science. I agree it looks solid. My complaints have been with company leadership and their offensive greed and horrible fiscal management. The only reason I even consider holding shares is that I think the science will pay off for shareholders albeit at much lower levels than it would have due to the bad management.
The PDUFA was delayed from January to April. Yesterday’s filing implies it may be delayed again.
Yeah. Let it simmer. A decade+ isn’t enough.
Over 200m is hundreds of millions. Let me know if any other math questions I can clear up for you.
Yeah because those 10+ year old aging patents are so valuable. Of course nobody can point to a single patent owned by this shell but who cares about the details. Hahahaha
A little action today. Maybe something happening.
Slow dump back down to .0001
Going down hard on heavy volume
Possible warning from yesterday's filing re: FDA inspections
Recent Developments
Regulatory Update
On August 11, 2020, we, together with Chiesi, announced that the FDA had accepted the BLA for PRX-102, and granted Priority Review designation for PRX-102, for the proposed treatment of adult patients with Fabry disease. The FDA noted in its BLA filing communication letter for PRX-102 that it is not currently planning to hold an advisory committee meeting to discuss the application. The FDA initially set an action date of January 27, 2021, under the PDUFA. However, as we previously announced, in November 2020, the FDA extended the PDUFA action date to April 27, 2021. As we publicly disclosed last year, the FDA advised us that it will have to inspect our manufacturing facility and the facility of a third party in Europe that performs fill and finish processes for PRX-102 as part of the FDA’s review of the BLA to ensure cGMP compliance. Due to COVID-19-related FDA travel restrictions, the FDA has advised that it may be unable to conduct the inspections prior to the PDUFA action date. We, together with Chiesi, are currently addressing this issue.
This sounds like another possible delay to the April date.
Quote: Estimated net proceeds of ~$32.9M will be used to fund clinical trials, for R&D activities, working capital and general corporate purposes.
You do realize that 'general corporate purposes' can mean anything, including salaries and bonuses for management. There is absolutely nothing preventing the company from using up to the entire amount for employee compensation.
Quote: Better raise while they can, rather than once they are in desperate need. When in need market conditions could be extremely cruel.
Yes, that was the argument 2 months ago when they raised funds. Are they only planning for 2 months at a time? Did something happen to the balance sheet since that time? Are they planning to do this again in 2 months? How many times can they do this before you consider it suspicious?
Quote: Finally, a general comment: If or when i lose faith in management, in a would be product, or the general prospects of any company, i simply sell off, (mostly at a loss) and just walk away.
I didn't want to go there but since you have made this comment to me multiple times I will address it.
I realize that negative comments are not generally welcomed on a stock message board. My response is the following:
a) Whether I buy, hold, or sell is my own business. My holdings or lack thereof do not change the facts, and in this case the facts are that management has persistently diluted shareholders and seriously damaged their potential return on investment.
b) Holding shares of a company does not obligate me or anyone to become a blind or mindless cheerleader. No company management is perfect and these boards are most valuable in my opinion by sharing of opinions and information whether they be positive or negative.
Based on all the trial results they should be highly confident of getting approval unless they know something they haven’t disclosed to the public. Why couldn’t they wait for the milestone payments to fund more research? What happened to all the funding they raised in December? Either there is a serious issue with cash flow or they are so incredibly greedy they just keep awarding themselves with more and more at the expense of shareholders.
It’s interesting. In December 2020 a common argument for the dilution was that they needed the money to get thru the postponement of fda inspections until April 2021. Yes it was more dilution but the good news was that they now had enough funding to get past fda approval and the milestone payments.
Now in February they are diluting yet again by millions of shares. So what happened? They have already doubled the number of shares since the reverse split. They have cut the shareholders equity in half. And even worse what’s to stop them from doing it over and over again?
Let’s not sugar coat this. They are issuing shares at a 20% discount. They are doing it only 2 months after the last one. Where is all this money going? Supposedly they had 8 months of funding 2 months ago. Now they are so desperate for more money they’re willing to issue millions more shares at a sharp discount. Are they concerned that they won’t get fda approval? Why would they need more funding so close to $1b milestone payment? Something stinks and we may find out things are much worse than they appear.
Get used to it. This company does the same thing over and over. Management cares about 1 thing only — themselves. The reverse split set the stage for them to have controlling votes and they’ve been diluting nonstop ever since.
They’re diluting again?!?!
I can’t stand this company. No wonder the shares took a nosedive yet again. Dilute dilute dilute.
The parent company Wanda converted shares so that they could be eligible to sell them. Change in ownership of controlling interest could definitely be on the table.
Where are you seeing that? This site says the short interest is only 2% of float.
https://shortsqueeze.com//shortinterest/stock/term2.php?s=PLX
Angels investments acquired 9.9% of the stock.
I see lots of new people with crazy claims. Spin-offs, financials, revenue etc
No pumping? I beg to differ. Claims that Verizon owns this shell or that coverage or financials are coming is pure p&d.
Now you see why nobody here.
Yeah. It will hit 5 after the 1:6 reverse split.
Congrats to anyone who was able to get out with a profit
It’s amazing. I know several new millionaires from this stock.
In at 4 out at 144. Holding a chunk for the long term. Congrats to all.
There’s no such thing as naked longs but naked shorts are rampant. That’s what is not ethical.
And they can easily do it. Almost 200 million shares traded on Friday so 20 million shares is just 10% of that one day’s volume. If the stock hits $100 they raise $2 billion. It’s a domino effect. Analysts then reevaluate and raise their target prices and so on. Melvin capital must be losing billions. I can’t understand why they haven’t thrown in the towel yet to cut their losses.
This is why I’m still holding even after what happened today
https://www.reddit.com/r/wallstreetbets/comments/l2zk5e/a_hedge_fund_managers_perspective_on_gme/?utm_medium=android_app&utm_source=share
The halts killed the momentum each time in the mid 70’s. Very frustrating but it’s recovered a bit and setup well for next week. Can’t wait to see the updated short figures and how much has been covered so far.
Thanks. I knew it would run but surprised it was so fast. Let’s see what next week brings.
You really should be careful not to accuse Verizon of fraud on a message board.
Brokers have started cutting margin on GME to $0. Shorts will get covered automatically by the broker at whatever price is available. This could get crazy.
The short squeeze hasn’t even started.
Is that why it’s still 0.0001?