Alexza Pharmaceuticals Inc fka ALXA

[Scifi1]

This is one case where I'm glad the price got hammered. If the beating continues this morning (after the usual initial upswing) I'm going to pick some more up.

I think Tom King did a reasonable (good?) job yesterday and I was very glad to see him recognize Alexza personnel several times. Management had never done this before. With the layoffs and his (and the executives) taking in large (huge?) bonuses for FDA/EU approval, unless he treats the employees with the respect they deserve he could have found himself in a different sort of trouble. I think this recognition may signal a turn-around for Management.

Despite the fact there was no partnership announcement I'm glad Alexza isn't rushing into this, has very good advisors and is taking the time to work out the best deal (maybe not for stockholders). They are in a very good position and they need to find the right partner for moving ahead. Go ahead and take your time....I've been waiting this long.....

Also, thanks go out to the guy from WBB securities for asking the right questions.