Biotech Values

[jmkobers]

<<As of today my best guess is that they will, and in that case the only people to profit will be the insiders>>

Jbog:

One thing I wonder about is the participants in the latest offering. Surely they are aware of the risks of the go it alone strategy and undoubtedly asked Browne about it. They are in it to make money after all. Whats' your take on that? Could they make their money either way?

Also, lately you have been considering buying shares of RVNC which, if you believe the above, wouldn't make sense. Browne hasn't changed his behavior recently in regards to being a seller vs. a buyer so why did you think it could be a good investment recently and today doubt it?