Monday, November 30, 2009 8:07:07 PM
If I had the money, I would appraoch R & R and offer $5M for 100M shares of COR. Then, I would buy 1% more in the open market and force the BOD to liquidate the company.
That way I would own 100% of COR IP for a measly $10M and not have to deal with the lackluster management team. This assumes of course that the drugs actually work.
If I was a BP, this would be my play. Actually, a BP could probably get the FDA to reconsider CX-717. They are the ones with the influence to make things happen, not this management team.
MF4
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