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Nothing like self inflicted wounds right when things were seeming to get back on track.
Infuriating and disgusting.
I would like to think this is because something positive is in the works but...... yea right.
Death my management.
Happy to remind you Jeff.
I quit reading your nonsense filled post a long time ago. Now go back to your little fantasy land.
What a bunch of momentum killing idiots. I mean really what a bunch of jackasses. Why you would announce something like this right now to me is nothing but pure stupidity. Unbelievable.
Besides Corti They have really under performed as of late in the timing of this announcement just seems absolutely horrendous and detrimental to shareholders. But I guess that is their new MO
JTFM,
As of yet are you aware of any PDUFA dates of any kind that the FDA has pushed back due to the virus?
As MNK climbs we fall.
Shut the hell up. I will say whatever I want. Period.
Don’t accuse me of something because I am asking a question. You do not know me. I may not have the money you say you do in this stock but I have owned this stock much longer than you.
Shame on you for saying what you said. I am simply asking a question looking for opinions. I am not looking to be ridiculed for asking a question. negative or not it is a negative time right now I’m looking for insight. If you don’t like what I have to say don’t write back.
I have always thought the snda filing would make the stock pop. Not sure anymore but who knows.
I guess regardless, it is no secret the filing is sometime in the next 6 days. So why sell? That makes absolutely no sense to me. I also find the recent action worrisome.
If anyone has any insight or thoughts please let me know.
I also find this very worrisome.
We a had big spike last week followed by a sell off.
Today we get another spike and a sell off the same day.
As you mentioned this does not make any sense days before the snda filing.
Blows my tiny little mind.....
But I just cannot see how this would not worry anybody? Why sell now? Did something happen? Who knows, we never know. I just cannot think of any reason why this would happen unless something bad has happened.
If anybody can shed any light on this I would greatly appreciate it.
Loosing 12% 10 days away from the company's "blockbuster" drug filing is always an encouraging sign (I also say 10 days because in true ANI fashion I am sure they will wait until the very last day of the month). Hopefully it is still even happening. Even though MNK has gotten crushed I still do not like seeing the stock rise 30% as the market is selling off and ANI loosing 12%. Just makes me wonder.
Anyway this just blows my mind. Virus or no virus the management has killed investor sentiment and it could not have happened at worse time. I have owned this stock and have following it way to religiously for 9 years. So I feel I have the right to say the last 2 years management has missed the mark.
I have always appreciated the input, time and effort individuals have put into the board. I was around when the Nutysproffesor or something like that on the Yahoo Board would informed me about this board some 8 years ago and lot of the same names have stayed true to the cause here.
For me, if this thing does pop back up I am selling. Foolishly I think I believed the upside would be FAR, FAR, FAR greater that we will ever see. I just hope at this point it does pop back up. But if and when it does I am out. There are far greater opportunities out there now and as beaten down as this is it just does not make any sense to stick with it. I would love to be in a position to sell now due to the other opportunities I see but cannot afford to sell at the current SP. Hopefully we do get a pop if the SDNA is filed and a continual run up. I am not holding my breath for this at this point but if it happens and the market is still down I will be selling.
Thanks everyone for years of input and hard work.
Bagel,
I’m with you good company but good company’s don’t always mean good stocks. Akron did not come close to having its run until Art was long gone for a LONG time.
I am not sure Corti will even turn things around at this point. Let’s face it the company has been a big disappointment no matter how much anyone wants to defend it. Feels like they totally went with the flow over the last 12 months.
Highly disappointing but still seems like NOTHING is being done to turn it around. I guess we have to wait until the LAST day of the month to see if they file the sdna which no one probably cares about anymore.
Decent company that turned into a bad stock. Hard to turn that around...
I cannot help but feel I should not be ignoring this price action.
Seems like a huge disappointment is coming? I feel like the run up to $67 a couple of weeks ago was someone getting out before the bad news hit.
I really hope I am wrong here but this seems crazy to me. I just do not see how price action could be this negative on the eve of sNDA filing of the company's blockbuster drug without something not being really wrong. Delay of filing, terrible earnings and guidance, etc.
I think if Art says Corti is delayed (which would be highly unethical to announce at this point in time) on Thursday this thing will get absolutely crush and would be extremely hard to overcome as ANI has already hurt investor sentiment over the last couple of quarters.
Jacob,
That headline does not appear to be hurting anyone else.
I think if there is a delay in corti at this point (days away from the filing month) this stock will test new lows and will be very hard to get any traction again. They have been assuring this filing date for over a year and considering the disappointment in the last few earnings any bad new now would be detrimental.
I am however bracing for bad news as I have seen this action before earning before.
Again, hopefully I am wrong but this company must leak information live a sieve because it does the same song before most earnings every time.
My plan was to exit this stock this year (after nine long years) due to the political uncertainties moving forward. It seems no matter what sooner than later changes are coming to the industry and I do not think it will be anything positive.
Jacob,
This has had me very concerned as well. I do not get it either.
We have seen the current levels 5-6 years ago and now weeks before the filing of the company's "blockbuster" drug we are declining at non-significant levels to begin with.
It just does not add up to me.
I have been in this thing since 2011 and strongly believed this was "the year" but I am starting to have my doubts.
Regardless, I think the recent action will unfold over the next month, good or bad.
Hopefully things turn around. A lot depends upon the earnings call/corti filing. Earning call should be next Thursday if the company repeats what it has done the last 2 years.
This is painful. I just have to say it. I cannot help it.
LOW LOW volume, seems to be no interest.
HOPEFULLY we will finally get some good news on the earnings call? I won't hold my breath though.
So surprised there as not been a rise in pps.
Does anyone have any idea what to expect in terms of product launches (besides corti)?
silvr,
Any insight on the way this thing is trading? It just seems so odd to me.
It is trading like a complete dud with zero momentum. I just to know understand why it would be trading like this at this moment considering what is in the very, very near future.
It just makes me worry we are about to get blindsided on the earnings call.
Any thoughts?
Stick a fork in this POS. Unbelievable.
Have no idea what is going on but since December 19th things went south.
Funny thing is some generics are still moving higher.
I just hope there is no some other underlying problem here.... but we will not know until it is to late.
I just cannot figure out with the sNDA filing happening in 2-3 months there is such weakness??? I have thought for years it would be the opposite. I guess that goes to show what I know.
I think having the convertible notes actually helped the SP for some reason. who knows.
I guess a good company doesn't mean a good stock.
Hopefully I am dead wrong but I cannot help but talk about it.
Art P. also mentioned some acquisitions on the Nov. 3rd earnings call... so far nothing.
Any thoughts?
This sucks..... I don't feel any better. Well maybe a little.
Is it just me or is anyone else worried about the action of this stock and where the sediment seems to be right now.
It seems like to 2 back to back misses has created such a negative investor sediment. I hope we can get out of this.
I would have never thought we would be sitting in the low 60's at this time.
JTFM, Thank you for the information.
JTFM, With Bretylum almost being a 1 billion dollar market and ANI getting 1/2 the sales why aren't we see a very substantial increase in SP?
Am I missing something here?
Jacob,
I’m not sure I follow you. Are you saying Mnk is going to lower their price? Now do you really think they are going to do that?
Jtfm, what is your take on Diffusion Pharma at this point? Have you been keeping an eye on it?
Don’t companies typically announce the closing of convertible notes?
I do not understand how you could put that low of a one year target estimate on this company?
That blows my mind.
Can say I expected this POS to be in the 50’s at this point in time...... considering everything.
No announcement.... weird, frustrating, etc.
I wonder why, maybe tomorrow. If not, who knows.
Jtfm,
Do you mind telling me what all this means? This is too technical for me.
How do you think this affects at share price at the end of the year?
Also, do you or anyone else think MNK is a BUY at this point? MC around 250 million. Seems worth the risk?
Silvr,
You are right the share price stills suck with no signs of recovery. Strange it took such a hard turn. Maybe it has to do with the Sr.Note strike price? But if things are not totally in disarray I do not see how they would hold the SP under $69 until Dec. 1?
One thing that has amazed me is early this year you hear Mr. P speak of such a target rich environment for acquisitions and yet ANI has not made any notable purchases whatsoever this entire year. I wonder why?
All we can do is hope at year end this thing does something and that momentum carries into next year into Corti.
Ive been in this this thing since 2011. I hope its time.
What a piece of **** this turned into.
One would hope ANI is seizing this opportunity. Wish we could find out.
It would be completely idiotic not to and I do not believe they are idiots.
JTFM, I don't know about you but I definitely envisioned a rise in PPS starting around October-ish of this year especially leading into the eave of Corti's filing.
Hopefully a rise this early in the year can establish some solid footing but it is early..... You always have to think pump and dump when Zach's produces an article.
I also hope we hear more on our recent launch and what is going on with the other dosages as ANI did say they would launch into a 1.3 billion dollar market in Q1, but did not do so.
I would not be surprised if ANI makes an acquisition prior to the first quarter earnings call in May.
If that happens I could see the rally continuing through the year.
But who knows???
Silvr, I hope it is something like but why announce a launch for half the product and then turn around and announce the other half a couple days later (assuming the entire product would be launched in Q1 like ANI has said all along)?
Hope we get some answers.
I’m confused why they have been advertising a 1.3 billion dollar market for Methylphenidate previously but today’s press release states the market is only 505 million?
JTFM, Is there anyway to verify the GDUFA date is indeed this month?
Not sure if that is available on the FDA's website?
JTFM,
Any thoughts on Wednesday's earnings?
Not to be negative but I just cannot see anything good coming from the earnings since 2019 guidance doesn't appear to be on the agenda. And any delay in launches would probably sink this thing again.
I hope this thing stays in the 60's...… I guess we will see.
It will be nice to finally get over the hump. It's been 3-4 years coming.
Thank you JTFM.
That is interesting. The only (2) things I can think of is a buy situation like you mentioned or ANI is possibly waiting (maybe Q2) until further product launches in Q1 to see how they fair before setting guidance. I don't believe currently anything would boost earnings significantly compared to last year so they may wait?
What are your thoughts on that? Thanks.
Did anyone else notice there is no mention of 2019 guidance?
They have always provided this guidance on 4th quarter call........
Could you please explain your logic regarding your comment on a healthy pullback?
We have spent the last 6 months in the low 50's.
I am sure you know better than me but I do not understand how this would be beneficial or even makes sense.
thank you for your help.