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Wrong Wam3...
Pascoe re-priced all the previous warrants to $.88 cutting Sarissa's original PPS to around $1.37 from the original $1.73.
Next average down the shares and warrants in this latest placement and you will find Sarissa's new average PPS below the current PPS of $1.11
A buyout of say $2.40 would be more than a double.
That's the fact.
A $25 million profit in this market is huge! And Sarissa can then redeploy that capital into other bets while the market is down.
The flip side is Sarissa, not doing that and being stuck with Pascoe trying to figure out how to fund the phase 3s... I just don't think they will like that.
I'll add one other point about the Sarissa deal and Denner's brilliance. By staggering the closings into the future Sarissa got all the benefits of the total deal in exchange for only a few million bucks if they can find a buyer quickly. They never actually have to tie up their capital.
Smart, smart, smart!!!
Pascoe, dirty, dirty, dirty!!!
Dave,
I don't know what even is for you but I hope you get there. The good/great news as I see it is "IF" the Fispemifene results are good then I suspect APRI will be sold quickly and this misery will be over.
I have said over and over again, the company was being manipulated as evidenced by Pascoe's unwillingness to raise any capital over the past 10 months, and then proving my thesis when someone shorted the PPS and manipulated the PPS down with 500k blocks of shares for sale weighing the ASK to untradeable levels taking the MM out of the play.
Now they have doubled up their position at $.88 and Pascoe gladly fed them even more by adjusting the previous warrants.
You think any of this is by accident? It's not...
Denner can now easily make a $20 million payday by volume. And Pascoe can cash out most or all of his options too, along with the other worthless managers and the board of directors. THEY ALL MAKE MONEY, without ever having to get the PPS back to where it was the day Pascoe took over.
So, I say from the highest mountain top, APRI is a screaming buy!!! But for those trapped in the $3s and up, I don't think you will ever see even.
Mecosmo, there is one fatal flaw in that line of logic.
Posters on an iHub message board do not control the PPS movement of the stock. You have posted here and the YMB, countless times of old news, in an attempt to pump up excitement and I guess the PPS.
Has it worked? Nope. It's easy to get angry and project the blame on a poster you view as negative, but the reality is the PPS is being manipulated by the actions of management, the board of directors, and now a select shareholder.
That's the truth.
I've looked at your posts and I encourage others to do so... One personal attack after another, or mindless, factless pumps.
Sad... Very sad...
Oh I strongly disagree. Pascoe has shown loyalty and willingness to act against shareholders to favor Denner. Loyalty and that willingness to the Sarissa dirty work are things I'm sure Sarissa and Denner value.
Once Denner collects his 20 to 25 million profit he will find a place for Pascoe as a reward on a board or 2 and have him at the ready for a CEO role in some future target IMO.
Loyalty matters, along with proven willingness to destroy whoever he needs to for Sarissa's benefit.
That's certainly true about Sarissa's portfolio. They have tanked on RPRX, AEGR, ARIA, VVUS and others in the last few months.
I don't know why any Long in APRI would not like what I'm saying when I say Denner's motives appear to me to be to make a quick double and unload for $2.19 to $2.50...
That's a double from here... So how much more bullish could I be?
Look I think Pascoe sold the shareholders down the river who might have been able to get $3, or $4 with good Fispemifene results, but now that he loaded Sarissa, and Aspire at $.88 they won't IMO, risk their profit.
Pascoe's decisions have been, IMO self serving. I think he'd love to cash his options for $2.50 and try to work with Denner in the future.
That's how I see it. It will double from here and be gone.
If Denner is a great negotiator what does that make Pascoe and the Board of Directors?
Denner could sell for $2.19 and make a dollar per share, and warrant.
You think he would pass that up? No way!!
How about the job Pascoe is doing?
Yes, he agreed to toxic financing at the all time low of the company and adjusted previously priced warrants basically favoring a few investors over all others, but,,,,
How about the way he has been out front and open to shareholders since the announcement? It's as if he isn't even alive... Sort of a Denner's weekend at Bernie's puppet.
He apparently only speaks when told what to say and to whom.
It's just a rumor but it might be true.
I hear Pascoe is about to announce a major celebrity spokesman for Vitaros US... Pascoe might have had to pay him a nonrefundable retainer of $25 million but it might be worth it for none other than Barney Miller's Fish, Abe Vigoda!!! Wow, what could go wrong?
There is no reason to sell, no reason to buy, no reason to hold a short.
Pascoe has sold all the retail investors down the river with help of Kleanthis and the rest of the worthless do nothing members of the board.
It's clear that Pascoe's loyalty is to Denner and Denner alone and why not? Pascoe may believe and he might be right that Denner can advance him in the future at another company. In exchange for that he has given the company away to Denner at $.88 PPS.
So if the Fispemifene results are great in three to six weeks how do you think Denner will have done on his investment?
$.88 is the floor and its artificially low, that's why we had volume and PPS action as shorts covered. No reason to be short. How about Long? The company is too easily manipulated now. Denner could decide to take it private and keep all the upside and why wouldn't he? No reason here to be long.
It's dead money until Denner declares his intentions.
Wrong, that information is from Forendo's 13G filing from January 2015. They were required to hold their stock for a period after the deal and disappeared from future filings when they dropped their level of ownership.
The term "to our knowledge"" is playing very lose with the obvious.
Forendo sold their holdings.
You kill me. I don't think they kept a single share.
You want hilarious? The board unanimously recommended we vote to give Sarissa the company at $.88!!!
The board SUCKS. It's a complete sham of worthless puppets who will simply do whatever Pascoe and Denner want with no regard to the shareholders they represent.
I intend to vote against. Surprised I'm sure.
My thought is at least I can spit in the face of the criminals.
It was a perfect Pascoe week. He got his paycheck and the stock tanked. That's the way he does business.
Biotech green everywhere you look and APRI down again and closed on the low of the day.
Pascoe joined at $2.50 PPS. Yep, he's worth every penny he's taking right?
No other institutional Investors will buy. Why?
Because they don't want to own a stock where they are effectively shut out of their voting rights. Pascoe has sold 100% control of the company at $.88 BTW, he will collect a half million in salary, and a couple hundred thousand in cash bonuses and make a small bundle on his options when the company gets sold around $2.40
Long termers have been ripped off.
Honestly, I go back in forth between thinking Pascoe is an evil genius, or clueless puppet.
I lean toward evil genius...
Pascoe, has made a small fortune on the backs of the owners of this company. He's cut the market cap in half in less than 3 years while somehow getting investors to approve of his compensation package loaded with cash bonuses for "accomplishments" completely unrelated to the PPS or market cap.
Think about it... He flipped the management team to his hand picked people. He's packed the board with loyal do nothings. In an outrageous move he actually promoted Kleanthis to chairman after shareholders voted him out. He expanded the board adding Sandy Smith tilting full control to himself.
I'm telling you Evil genius. And now in a complete slap in the face the change in voting eliminates any influence by retail to stop his gutting for profit. Sells the company out from under the shareholders at $.88 and there are people who think the future is bright.
Everything I see is green... That usually means APRI tanks.
More like walking the green mile.
HAhaha That's a good one. I think the funniest line I've heard in a long time came from Pascoe.
" I especially want to thank our investors for their patience and support as we look forward to commercial and clinical success in 2016 and beyond.”
Now that's brutally hilarious a mere days before selling off control of the company for $.88
Hey Aprilov, Mecosmo, PDubious, LostCoastKid, Carlos and all others.
Just trying to make sure I have this right.
Oct 15th 2015, PPS closes at $1.58
Then on Jan 5th the board is collecting options at $.97 three weeks earlier than last year.
Then on Jan 13th, exactly 3 months or 1Q from being at $1.58 they sell out the company at $.88 and change the voting structure to give 100% control to just a couple of holders, Sarissa and Aspire.
And you guys feel like there is some sort of accumulation rather than just short covering?
And why exactly, with a new average PPS for Sarissa, of about $1.19 why would they not take $2.40 and run?
Pascoe and his board and employees collect on all their options collected at $2.36, $1.43 and $.97... They get rich, you get zip...
Pascoe must be really proud of himself... He led the retail investor to hold tight, all the while he was plotting with his hand picked board to sell retail down the river at $.88 and protect his salary and handing out options under a buck.
He will do anything Denner tells him to do. It's like not even having a CEO. Kleanthis as the chairman of the board, the shareholders voted out is most likely laughing too.
Denner will be selling the company. Sarissa will make a nice buck and so will anyone joining with a PPS down here. The Longs who are in the upper $2s and higher are))))))Fill in the blank))))).
Ya know what's really sad?
Pascoe and the BODs, backstab every long term shareholder by not finding anyway to raise funds for a year, and then hand themselves options under a buck as they hand the company to Sarissa at $.88 and then change the voting rights to 1/3rd and some posters here act like something great happened because the long standing short positions cover for now giving a short term pop.
I think a better handle than Aprilov, would be ApriScam.
I will revise my "around $2" for the buyout to "around $2.50". Pascoe joined APRI as CEO 3 years ago at $2.50PPS and would want to show PPS growth rather than another loss like he had with SOMX.
So, I will go up to $2.51 for the buyout.
Pops and drops are unimpressive. I want to see a consistent and rising bid that indicates true accumulation, rather than day trading covering at the close.
I live rent free in your head.
Somewhere around $2 is what I said and still believe.
I thought it was pretty quiet as well.
Looks like there was no accumulation to me. Just short covering, and some getting out while they could.
I think sub $1 could show back up. I'd love to be wrong, but until we see some sustained bidding in the green, that's what I see.
Well that was nice... :)
We'll see, but if the Market Maker had to come in short at $1.20+ not surprised at the second bump... Market Maker needs to quickly get to even.
It was artificial... My bet is a short position figured the stock was dead money for a while and just set off a small squeeze as they unwound the position. Maybe forced the Market Maker to go short to get it back under control.
Might just be a small short squeeze... I hope it holds, but any green in this market will get some eyeballs.
It's ALIVE!!
I actually think the talk about the company going private or loading up with debt secured to the pipeline is not going to happen.
I think Pascoe is a worthless individual but even he would not try to screw over his employees by bankrupting the company.
That said, it's clear he's only a puppet for Denner.
I still believe the most likely course of events is for the Fispemifene results to come in and for Denner to sell the company so that he doubles his money.
Look for something around $2
I wonder how popular Pascoe is around the office with his employees realizing their options collected the past few years are out of the money and perhaps likely to stay that way?
As long as he collects his salary and cash bonuses he wants to thank all the shareholders for their patience.
I think if Sarissa can get anything approaching $2 the company is sold.
Well I think the Titanic at least had the decency to serve the guests food and drink.
Ya think Pascoe is the type to go down with the ship with honor or the type that will do whatever he can to keep his salary and cash bonuses coming regardless of how it impacts the passengers?