Win, I am glad you put out the thought of trojan. I believe some cheerleaders are actually shorts just pumping sunshine all day long on a shorter's site.
It appears to me that Simes and BPAX have NEVER been a friend of the share holder. They have done nothing but obfuscate, delay, not report, go back on promises of information- all the while trying to negotiate the "best deal for share holders."
The simple reality is that if BPAX had such a handle on things, they would have:
1. Published the safety data and driven up their value BEFORE a merger.
2. Not gotten into a deal where they give away all their cash and lose controlling interest in the new merged company and BOD for said company.
3. The peanuts Simes will get for leaving is a kick to the curb- this should tell us that he is looked down upon even within the private golden (shower) circle (jerk). Simes is not in charge.
Big pharma is in charge and they are not going to pay us crap. Also, the CRV rights are capped out at 40million as their value is given. This is just a thinly veiled way to get us to vote for a merger, get bent over a chair, and cap our winnings if LIBIGEL goes anywhere.
For Libigel to go anywhere, they will have to spend 40 million MORE dollars on testing. Even if they do not, the market perceives this as the reality.
Is Simes trying to change that perception? You bet he ain't! Because, like Tang, he ain't our friend. I don't know why some people here just don't see that- actually I know why they don't (see beginning of post).
We have Libigel as a potential valuable asset. BUT NOT NOW.
We have GVAX stuff as long term value. BUT NOT NOW.
Nobody is going to pay for potential in this scenario. All of that is about to be ripped from us at minimum value. And there is no hurry to get this deal done. They will wait until they have shaken enough shares free.
The way I see it, we all get a few bucks per share if they liquidate the company. Maybe some more if we actually do sell Libigel to someone for chump change. Why would I vote for such a crappy deal from ANI?
AI
