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Don - I understand how tax loss selling works. Which HGEN shareholders sold on 09/09 and are going to be buying back next week? Nobody on this board admitted to selling shares. Institutions don't play that game. So, whom?
What investors sold that are going to buyback in? I didn't hear anyone on this board selling and institutions don't play that game (i.e., if they sell, they ain't coming back any time soon). Why is the share price down today if there's a good chance it pops to the $7's next week?
Jay... The OS count has absolutely no bearing on whether shareholders will be exceptionally rewarded. It's like saying there's more upside with an equity trading at a lower dollar amount (HGEN $6) vs. a higher dollar amount (AMZN $3,285). It all comes down to valuation... whether there's a billion shares outstanding or 1,000. The only times OS matters is if Management is diluting shareholders (i.e., like HGEN) or shrinking OS by buying shares below their intrinsic value (i.e., smart buybacks).
So, you want to blame the FDA for Americans who don't take their medication? A small trial with the wrong endpoint never earns approval. Don't blame the FDA for others stupidity.
Lack of subject matter expertise? Now that's funny. If you cannot see the obvious dilution from reviewing the balance sheet, then you need a few finance classes.
3 month cushion? Haha... Only moronic Management teams would be fine rolling the dice with 3 months of liquidity. HGEN shareholders will be diluted that is a given, the severity is up for debate but without a significant increase in share price it'll be severe.
Oh Donny... Like I've said before, I follow stupid money because its very, very easy money. My posts are vague for good reasons. Given my day job, I have to be careful what I say. You have every right to think whatever you want, however, my brokerage accounts have realized very nice gains from playing the bearish side of HGEN.
BTW, Donny... With respect to your question about getting a recommendation for an interior designer in the Appleton/Neenah area? Definitely cannot help you there. I do know one family from Neenah (Whitlinger's) from my tennis days and I've done a couple deals in that general area over the past decade, but that's it. No ties to that area and you couldn't pay me to deal with interior designers. The wife handles all that fun.
Thanks for the comment. However, everything is a fraction of the past (i.e., today's burn rate could be 3/2x, 5/4x, 1/2x, 2/3x, etc. of the prior burn rate).
Haha... Shorts just made a killing and I would expect the vast majority covered over the past week. EUA isn't coming anytime soon --- they didn't just wait 100 days to reject it to change their mind two weeks later.
That cash balance was as of June 30 and at that same time they had $46 million of AP and Accrued expenses, so that $120 million was $74 million. HGEN burned through a good amount of cash in July, August and early September, plus they have $25 million of Hercules debt outstanding. Enjoy the dilution, longs...
What? How are they going to get away with no dilution? They've halted production which saves cash, but HGEN will burn cash to keep production lined-up. Given the current share price... Dilution could easily be anywhere between 20-40%.
What does the chart say? It doesn't reply when I speak to it. BTW, HGEN is now down over 3% (sub $15.50). Where's the bottom longs? Why aren't you loading up shares at current levels?
HGEN down again today... WTF!! I thought it was supposed to hold above $20, then it was $17 and then it was $16. Where is the bottom? My damn puts keep going up.
Tell what to Israel? They've had a total of 7.7k deaths and 1.1 million COVID cases (0.70%). The U.S. has had 649K deaths and 40.1 million cases (1.6%). Of the U.S. deaths how many were unvaccinated vs. vaccinated?
This is flat out incorrect. Look at the U.S. data. It's not hard to see the obvious that vaccinations are doing exactly what they were meant to do and its the unvaccinated people who are in the hospitals and dying.
"a recent study"... Haha!! Okay... I can pull-up a study that says pretty much anything you want to hear.
Actually, if people got vaccinated ICU's / hospitals would not be overwhelmed, because the vaccine works incredibly well and its incredibly cheap. But, instead you want to blame bartenders for serving alcohol instead of the drunks for drinking and driving.
How does more vaccinated people put our whole health system at risk? If the unvaccinated got vaccinated, they wouldn't end up in the hospital and thus, there would be be no risk to the health system. BTW, how did Polio vaccinations workout for the whole health system and the economy?
Nobody said the vaccine would stop vaccinated people from getting COVID-19. However, the vaccine prevents hospitalization and death. How many of the passengers are hospitalized and/or died?
What percentage of vaccinated people who end up getting COVID die? Compare that percentage to unvaccinated people who get COVID and die.
Management wasn't explicitly told but based on discussions its obvious what the FDA is after. Thus, Management has no requirement to tell shareholders and thus, can freely sell shares (personally and to fund the Company) at much higher prices than if it told shareholders.