My thoughts for what its worth:
Did today's trading respect the positive CC? Not at all! What does that say? Did today's CC report that Antares strategic plan was failing? Nope, just the opposite is true. Then why the pps share trading pain? In my book, it's due in large part because of the transparency of the company in that they have clearly laid out the strategy of when they will become a sustainably profitable company. And until then the trading will reflect a back and forth, up and down as the wind blows mentality. And in the meantime, institutions will be buying shares that are being offered up for sale and do it rather quietly, then more boldly as Antares gets closer to bottomline producing revenues that truly foot to the bottom line and that are not royalty based but 100% organically derived.
I posted this on the ymb:
Well, that was a pretty ugly trading day wasn't it! A lot of turnover to the downside for sure. Given my long term investment horizon I was extremely pleased with this mornings report. The company is being very transparent regarding laying out their strategic plan for the future.
Apple said it: " As I stated earlier today, our results this year are representative of company evolving from a drug delivery model to a commercially focused specialty pharmaceutical company."
Wotton said it: "In 2013, we will continue to transition from a royalty-driven business model to a product revenue-generating business model."
And earlier during the CC Wotton said: "the bigger picture is the progress we've made on our internal pipeline as we shift this company towards a specialty pharmaceutical company that controls its own development destiny with products such as OTREXUP and QS T."
FDA acceptance of Antares Otrexup was just that - an acceptance and not approval as we all know. That in itself was and is not transformational. The real transformational kick start will be the PDUFA when that comes in October or perhaps even earlier. Per Wotton: "This was an important milestone in the company's history, and given the timing of the filing, keeps us on track for an early 2014 launch, if not sooner." Again it was hit on by Leroux Jooste: "Later in the year, we will continue to expand our internal capabilities as we gear up to launch early 2014 or potentially sooner, as Paul had said."
Between now and the PDUFA approval, (and sans any other unforeseen event, partnership, deal etc) the pps may very well drift back and forth as investors rotate in and out based on the transparency of the strategic plan. And that transparency works both ways if you catch my drift. Much can happen within the market noise between now and the end of the year. Until then, this shareholder will act like an insty fund and hold onto his shares for the LR to get SR. (Low Risk = Sustainable Reward)
