Halozyme Therapeutics Inc (HALO)

[Fred Kadiddlehopper]

It was a clear story before, easily understood, (just the kind of investment that Buffett loves).

Now the waters are muddied considerably. They always emphasized they needn't go to the well anymore for financing, but now they look like they've mislead everyone. That pisses people off and people have long memories.

In addition, there are the free 9+ million shares they just gave away to the previous noteholders, who are undoubtedly liquidating as we speak. All in the name of what? Some bullshit "financial engineering" notions. It's like WAZE sending you through a sketchy neighborhood to save you a net 30 seconds on your commute.

I'm remembering also that we have a new CFO, Elaine Sun, who replaced Laurie, under sudden circumstances, not too long ago. Then this crock of crap follows. WTF?

All of these things may work out in the end, as you suggest, but in the meantime, lots of unclarity.