Arena Pharmaceuticals, Inc. (ARNA)

[jdolby32]

Bidwackie - Well they had to do something to take away from the poor results from Q2, as they spent $53M in expenses and brought in a whopping $4M in revenue. Last quarter was $50M in expenses and $2M in revenue. Now this is a thriving enterprise which burns through $103M in expenses and delivers $6M in two quarters. And . . . this is with no competition in the marketplace. Lets see how this looks with Belviq in the marketplace for a quarter - I think we all know the answer.

By the way, that was a stroke of genius by whoever their PR firm is. Completely deflected the results and sucked investors in to buy more shares without mentioning any names - generic like their product.

There have to be some serious meetings/discussions taking place with some 'very upset' investors over these stellar results. The positive spin is that they increased their revenue 100%, as darkpool pointed out, but unfortunately we are losing our proverbial ass each and every quarter. Big question at VVUS has to be how long can this management team/BOD remain in power with these back-to-back performances? Unless someone sees something I don't . . . this is a freaking disaster!!!

Also, good luck on paying back that $110M line of credit with 'royalties' on revenues. Really!!!