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No, just trying to keep things real. This thing has been sinking all year coincident with all the negative meta analysis. Whether BS or not, that is what has happened. Now we have an actual trial failure. While it may be BS to compare Ascend with R-It, I think Wall Street will have the same reaction it has had all year.
Marzan, I really hope you're right. That said, I'm betting on a blood bath with the company doing all they can to mitigate the damage. Hopefully JT is successful and we don't close down too much.
Me - I hope you're right but, I think tomorrow is gonna be a blood bath. I think the main purpose of the call tomorrow is damage control in light of the Ascend results as that is gonna draw far more attention than any RWE data. Hopefully JT can talk this thing into staying above $2. Guess we'll see.
The PPS is unnerving to say the least.
Apollo - are you concerned about another round of dilution? A quick glance at the 10-Q last night tells me that by the end of the calendar they will be down to about $10M which usually triggers dilution.
I don't know JL. I think someone on the DMC has been talking about the interim looks and it is not good. I've never seen a stock get hammered like this one without the word eventually getting out.
Whal - Thanks for the response (jfm also). Yea, I've reduced exposure some. Course everyday it drops I wish I had done more the day before! The collapse of the pps has been something to behold. And, I don't think it is finished yet. One doesn't have to go back very far (about 2 yrs) to see sub 2 prices. I think we could easily go there again.
Anyway, I digress. Yes, I've lightened my load but need to do more. Hopefully a bounce in the morning to sell into?
Thanks. So are we screwed?
Whal - Do you think any meaningful SE's will be enough to give the pps a lift?
Any chance another round of dilution coming? Like tonight?
FFS - Thanks.
FFS - How low do you see it going prior to any R-It announcement? Under 2?
Gotta admit FFS seems to be spot on. My bet is this is under 2 before the end of the week.
Stac - price has already declined quite a bit. You see it declining further before read out?
Isn't that what AMRN does? Crap, I've been invested in the wrong stock for the past 5 years!
Agree
Tasty - I don't know. Looks to me like a company that is planning for a successful trial with revenues ramping to the point where they can begin to consider "spreading their wings". Acquisitions, other markets, etc.
Good calls lately FFS. Wish I would have listened.
Seems FFS has been spot on lately.
From a quick look at the March 10Q, cash would be about $20M at the end of June (was $26-27M end of March). Burning about $6.5M/qtr. Any thoughts/corrections to this.
Just concerned about when next dilution might hit. Probably in the fall?
Thanks for the response. No, nothing like 4 g pure EPA. Jelis at 1.8 appeared to be the closest.
mr - did you look at the meta analysis the fools mentioned. Was published in JAMA in March 2018. If so, what's your take on reading that?
Thanks FFS! Learning a lot from folks like you.
Thanks Whalatene. Duly noted. I'm approaching max pain and will probably have to absorb some losses to preserve sanity!
Thanks for the reply. #1 is what scares the hell out of me. I'm in way too heavy given my assets. I know that is my fault. Just really nervous these days.
So, are the bulls still bullish here. Starting to believe FFS has called this one. Selling is absolutely relentless. What a disappointment after holding for the past 5 years.
I would do the same. If we got back to 4 I would sell at least half what I have. Thing is, I have my real doubts we'll get anywhere near 4. I need about $3.20 to get my money back. Would be tempted to dump everything at that point as odds are there would be another chance below 3 anyway.
Sure seeing a lot of "speculative selling" which is making me more nervous by the day.
So FFS, is it time to throw in the towel on this one? (serious question).
Beautiful place. The last, best place some might say. Heading there early August for some family and fishin
I already did, in my pants! Not trying to spread fear, but with Q3 starting next week, this doesn't look good. Isn't there supposed to be a run up into results?
I think PPS after the announcement will be what the ticker says at the bottom of my monitor:)
Hopefully, in the wake of stellar results the insurance companies will be tripping over themselves to provide coverage and force the FDA to move quickly to maintain the appearance of relevancy.
Thanks Raf. Had seen that earlier but forgotten.
Any thoughts on when we may hear something about China? I think their 12 week study should be complete by now.
Nick - I'll take a stab at your question.
More drunk Ukrainians than any other population in the study.
Thanks
When are earnings?
Keystone - Thanks