Revance Therapeutics Inc (RVNC)

[jmkobers]

Pick a day, any of them are good ones to sell this.

I think something happened that caused someone to believe a buyout was off the table and without this possibility, they view this as a money eating machine that will rely on big dilutions at discount prices to advance pipe, and it's hard not to think this view has some merit.

Hate to say it, but this one is looking eerily similar to MNTA in many ways. Good science, poor management, burn out of control, bad investment.

I was a MNTA long trapped in a hopeless losing position after 2nd generic got Lovenox approval, praying for Copax approval as a way to get the F out. Not much difference here. Maybe approval helps, but we are down so much not sure if even that will get me back to even, especially with everyone and their brother knowing the company will be ready to pounce and dilute again very soon afterwards.

Ugh.