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Options? What do you people think of Jan & April 7.5 calls? I believe we should have 52 weeks results by end of the year. Also ph2/3 announcement, Rhett's and other announcements, so probability of those calls to be ITM is high.
Agreed. So exactly what extra did we gain by presenting it at AAIC instead of a surprise PR. Partnership with BP or funding would be forthcoming in either case. Exposure of data to brightest minds in the MD world would have been possible in any case. Have great respect for Dr. M but all human beings tend to make mistakes. Hopefully he learns a lesson now and does not hold back any future data release for CTAD.
I remember his post. In fact in one post he also mentioned that he talked his colleagues and relatives into buying AMBS and his boss lost some 60k. GC should be in jail for his lies. Such an incompetent moron.
Doesn't that violate some SEC rule that "material information that can affect the stock price significantly should be released to the share holders within XX days" I believe the results are very important material information. I am not familiar with all SEC rules, so just wanted to see what others say.
I have July options for $10. Hoping they release data before that and stock goes past $10.
That is a possibility. But what is the probability that a 30 yr old CEO/ Stanford football player can deceive a co founder of a $100 billion company who has more than 40 yrs of experience in the medical field? It's hard to believe. One possibility is that Dr. Rubenfield was somehow convinced by GC's father to make that statement in Lympro. That statement was the main reason I did not sell earlier and subsequently took the hit. Dr. Lowe and one more upright person left the company within one year after realizing the fraud. Feel sorry for newbies here.
It seems you are a new investor here. Just a background on Lympro..It was supposed to be CLIA approved in 2015 and corner significant portion of $150 million RUO market. GC was supposed to give revenue guidance by end of summer in 2015. These are his words. Check out his blogs from that time frame. He was touting Lympro as the gold standard last year and now it's ESS. Even Dr. Rubenfield (Amgen Co founder) lied when he said "we are there" suggesting revenue is close. I understand that clinical stage company will require funds for trials, but lying to shareholders is downright unethical and GC/BOD should be held accountable. Majority here have lost 5 figures and some 6 figures..so do your research. GC's blogs from last 2 years would be a great fairytale read.
Any self respecting person would either try to arrest the decline or put in his resignation. Dr. Lowe and one more upright personality got out, didn't they? In fact, some posters here tried to put a positive spin on those departures. Given the companies performance after Bobby Farrell and Mark Faerber coming on board, their resume is not worth a single A4 size paper. BTW, they delayed one more filing. Don't even get me started on Dr. Rubenfield. Past history means nothing. Have any of the management bought a single share with their money? GC doesn't count as he is the clown at the center stage welcoming the audience.
JP...you keep on asking "how will GC take out the toxics?" I do not think he wants to or can take those out. He has no credibility left to get any non dilutive financing from any investor or foundation. He knows that, so what option does he have? Move assets off the balance sheet and let AMBS go bankrupt. That's what he is doing now. Also, it's the whole management to blame and not just GC. What a bunch of low life pathetic white collar thugs! How do these people get up and look in the mirror every morning?
Couple of days more and GC's compensation would be more than AMBS market cap....such a low life pathetic moron.
Feel sad for all who have tremendous losses due to this inept and incompetent management.
Also confused because of the buyers at these levels. What is their rational at buying AMBS given its history and 500 mil AS increase? Just novices?
I feel sorry for your loss and hope you recover all of it in some other stocks. Good you stopped your "30% drop" strategy. I lost 5 figures myself and learned a very expensive lesson. Good luck to all!
I thought on similar lines. But same rule would have applied in Pfizer's case. They did not communicate the discontinued trial for 3 months. We might be missing something.
Agreed. What surprises me is that the BOD and BOA knew that it is all smoke all along and did not raise a red flag. Dr. Lowe's leaving confirms this theory. Some posters here tried to put a positive spin on his leaving. But it's sad that these people in BOD and BOA just played along.
It's hard to believe that some of you still have faith in GC. He has cried wolf too many times. I agree there is a potential here, but ask yourself, if you were a CEO or incharge of partnerships or funding grants at some BP or a funding institution, would you do a deal with GC without doing a background check? That might be the main reason there are no grants or partnerships as no one wants to deal with a liar.
So now you get how frustrating it is when your hard earned money is in hands of a liar CEO..doesn't matter if it is just 5 or 10% of your portfolio. Loss is a loss. It is much easier to digest a loss with a honest CEO...since you can weigh your probability of winning fairly based on a trustworthy CEO
How would you rate GC's performance in the last 2 years? If you are impressed..maybe I should start a company and tweet/blog about its rosy future...would you please invest your hard earned money? I promise it will be a $10b company in couple of years since we'll corner a market worth $XXX billion.
So you buy that call and do nothing for next couple of months? Do you have to pay some premium or fees every week? Thanks
Thinking of the past...AMBS was the silver sponsor for AAIC 2015. That was $50k and did we gain anything? Was it worth it? Can't believe GC has MBA. Unless that was just a show off like SH meeting in Times Square...to suck in newbies.
Had GC been honest, had some integrity and forthcoming with actual situation in the last 2 years, I bet AMBS market cap would have been $50-75 million right now.
Now even if he gets a deal, all investors would be skeptical until they see some money. Also which 'not so shady' enterprise would want to make a deal with such a lier CEO? And how can he negotiate when your market cap is less than $5 million.
Why split? BP can just bid $15-20 mil now and get 100%. Given the management track record, majority of shareholders will approve this bid. Even $40-50 mil is pocket change for BP
I believe they should create one more board "Board of Ethics" that oversees the working of all BOD, BOA, Scientific Board etc.