If the Ihub post below is accurate, KERX shareholders got the shaft, AKBA shareholders were diluted by some 50+ million shares — but, ABKA purchases today at fire sale $8 have much upside to gain. By contrast, KERX shareholders would need AKBA buyout at $27 just to get the equivalent of KERX $10 buyout of today (pre-merger). Again, KERX shareholders got the shaft.
Given above, AKBA pps shot down today to $8 and already at close to 8X avg. volume — the “powers” buying hand over fist.
On the KERX side, same situation, KERX pps shot down, the “powers” with 8X avg. volume — the “powers” buying hand over fist.
On both ends, the “powers” are positioning to make a killing on future buyout.
ALL above, in my opinion.,,
