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"Believe"? I think you mean "hope".
Well, there's the time value of money, risk of dilution, increased discount rate, bankruptcy. Things matter.
Maybe. My point being that we don't know shit. It's could be ugly. It could be great.
Seems like the new guy is reluctant to step in front of the microphone.
No introductions or reassurances
No investor events
No 10-Q
All events cancelled
This and the CEO quit? Must mean good news!
They need to do something soon. Otherwise, the CPA's will label the company as unlikely to be a "going concern".
The financial value has fallen 80%. The fundamental value was never that high (it was over valued at $30).
They do have almost half a billion and an atm burning a hole in their pocket...
The instinct for self-preservation is strong among non-revenue generating biotechs. Rightly so. This is clearly not clear to many retail investors.
There is going to be a huge dilution or a buyout.
anything above the 52 week high ($16) would be a gift.
Many thanks Mouton!
well two hundreds of millions. perhaps "make" = revenue. not profit.
either way that's a big number. why do I think mlovenox revenues are de minimis? or are they?
that seems like a lie...
"Momenta innovated," an attorney representing the company said. "Amphastar chose not to innovate, and instead, as you'll hear in this trial, Amphastar chose to use Momenta's invention without permission and make hundreds of millions of dollars."
Dan who? Dan your former bartender?
Misaligned is probably the right way to think about it. The results of the annual shareholder vote was the writing on the wall.
It's not reasonable that there were zero "Votes Against" for any director but tens of millions abstentions.
Isn't the fear (hope) that the FDA will change it's mind on this issue? Not a possibility? I dunno.
I agree but what can we do such knowledge
?
in my view Wheeler has been allowed to stack the BOD with a bunch of puppets which bend with his every whim.
whatever. I think it is absurd to IPO and sell out within 12 months.
just my 2 cents.
but PTHN!
Nevermind, I'm irritated because I almost bought back in.
Why bother with an IPO?
"most of" implies that there are still unresolved issues at the facility. Bonuses for everyone!
Pfizer’s response not only confirms that they have already completed most of the commitment made to the FDA following that inspection
It doesn't pay for my beer.
that beeping noise is my bullshit detector
@easymoneyman00
It's not a communications strategy that this company needs...
Not if they keep stepping on their own dicks, so to speak. That's their entire track record thus far.
So you have a PhD or just "PhD training"?
Define dilution.
You are absurd.
Tell it, brother! I wonder if, after this last fiasco, they are only awarded 100% of their incentive bonuses.
you mean a week ago? time is hard.
There appears to be too many known unknowns with MNTA at this juncture with this manufacturing issue that is beyond their control. Even the unknown unknowns is a real challenge to solve at this point.
sameness has yet to yield much for mnta
I'm surprised you would say such a thing, jbog. This may be Sandoz's f-up but MNTA has a fiduciary responsibility to its stakeholders which flows through all corporate and product related activities, even ones farmed out.
This company can't step outside and not have dog shit on at least one shoe.
That's rather cold comfort, floby.
If you can't vote "Smithers, release the hounds." then, yes, "No" is the appropriate way to vote.
Poison pills are not shareholder friendly. They are management friendly.
Dew: curious, how did you vote?
Is that chart supposed to be in some manner instructive? I don't always get the joke.
Best
In other words, the company has been successfully recapitalized.
Sounds like long term shareholders should be happy they weren't bankrupted out of their equity. No?