Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
If I remember correctly, ARIA filed a couple of these. Not sure whether it ended up referencing something to do with the drug or whether it had something to do with the buyout. Maybe other have a better memory.
You still have 39% institutionally owned. It was a bit higher. These funds have been disappointed for a lot of years and you can't blame them for trying to get out. They sit and watch the price of SGYP and see the rest of the market hit record highs. This has been dead money for a few years now. Worse, I believe one or more funds are selling into any strength afraid of more dilution or, I hate to even say it, the dreaded reverse split. Until we see some "real news" this is what we can expect to see.
Your right. Fake news unfortunately.
Ownership summary complete now for 12/31/17. Even though Paulson sold most of his shares, a number of others stepped up to more than cover his position. They must see something positive here. Sure would like to see a partner or buyer in the near future.
Ugly prescription numbers. I know it's over the holidays but does that mean people quit taking there meds? We need a big boost from the FDA. Hopefully, an early surprise. Company needs to pull a rabbit out of it's hat. On the edge.
Money people probably forced him out the door. We will never know for sure. Probably a good thing. How can it be bad?
Next quarter is going to be awesome.LOL
I am sure the company has a plan. Unfortunately, it is not a good one. Real chance now of that split now. With the amount of shares out there, you would think the 70% institutional ownership would buy into this instead of selling maybe forcing a short squeeze or maybe putting in some activist management. The product is there, just has management that is clueless. They are going to take the easy way out it appears. Odds of success now starting to fade.
I hope you are right but cannot for the life of me see any good news here. Huge dilution for 50 million dollars. How good can that be. They still are saying they can borrow 200 million unless fearfully, that has changed.
Have you ever seen a stock get beat up and mismanaged so bad without being followed by lawsuits? I have been around longer than I will admit and you seldom if ever see it.
Well, this explains it. Too bad. They had their chances. Most CEO's would have had no problem making this a success. Greed had a blindfold over his eyes. No place to run. Here come the lawsuits.
I don't think there is going to be a long haul with this one. This is going to be six months at most. Maybe less. Either going to get a reverse split followed by some fund raising (what does a 1 for 20 reverse split, followed by a 50% drop in share price do for your investment), or they get it partnered or sold and we get a home run. The company has not inspired any confidence amongst it's investors that I can see. I have got a lot riding on this but understand the risks. Maybe now 40/60 or less from my VAST experience. LOL
They announced results from a questionnaire? Wow. All this time I have been waiting for some big news to be released at this conference and they announce results from a questionnaire. I could have told them that without polling patients at a doctors office, if they even did that. This company really is behind the 8 ball. Unfortunately, I am trapped here.
Personally, I am skeptical of all of this.
Well a pretty strong day after some bad speculating yesterday. Certainly glad I didn't sell but I was close. Day like this changes ones thinking. Those that followed ARIA certainly remember the couple strong days with no news prior to Mondays buyout announcement. Maybe we have a nibble here. Sure would like to set the hook on Monday just like ARIA.
Yeah, the quality of the drug isn't the problem and I am sure it is worth some big money to another pharma. I just don't think another pharma will bid knowing the SGYP has some financial trouble. Not sure of the financing, whether they have covenants that keep them from dropping below a certain level. I wouldn't mind seeing some dilution just to give them a chance to increase sales. But dilution at 3.00 or less is not enough IMO. If they can shore up the cash, they can wait out an offer. There may be other ways out of this. I am not an expert but common sense tells me something has to happen soon. Still holding.
I hope I am wrong but I can't see it another way. They are forced to dilute and the way the stock has gone down, probably next week. How much? 50 million shares at 3.00 if they can get that is 150 million. Probably not enough. 100 million? Oh, my. Stock probably goes under a buck. With the wolves at the door, a buyer is going to wait to pick up the drug at bankruptcy prices. If you see it another way, please explain. I am still in but close to jumping ship today.
Too late. Put an X on the calendar. This is the day they destroyed the company. Penny stock confirmed. Too late for dilution. Can't raise enough money now. Lawsuits coming and then things get uglier than we have seen the past month if that is possible. No one wants to be wrong more than myself but it is what it is.
I'm long but the market may be looking at some newer competition and feel they have a better chance to get it to market. Doesn't necessarily have to be better. I wonder if this product has been approved by insurance companies and Medicare supplements?