I don;t know why people keep bringing up CEO's that spoke and the stock still went down. I don;t need an emotional feel good talk from the CEO, just don;t see the need or point, people act like investors are stupid, if the CEO says nice things about his stock(you know the one he owns a ton of shares in, makes his money by being in charge of etc...) that WS will go, hey the CEO says things are great, screw the due diligence we did, the CEO says things are good, yippeeee.
ATPG went from high teens to 6 and the CFO came out and said, its absurd the stock is so low, never seen it so undervalued blah blah and 6 months later bankrupt.
Many companies don't just comment because a stock price is down, most actually will not as they are interested in the facts and no new facts have come up to comment about.
They have an annual meeting next week, discuss the board then, people move on, boards change, reading more into that I don't see.
The biotech's generally have many low stock option incentives as getting a drug to market is a low percentage shot and rewarding management when they do is common. Again there were some insider buys on ATPG...again not meaningful when you consider how many options and thus how many shares management has.
If Joe bought stock tomorrow price would go up 50 cents and next week same spot. he has much to gain by a higher stock price, anyone really think WS will care if he has even more at stake?
They won't, they want sales and a partner and Anchor approval. Buying shares, coming out with rah rah means nothing to the stock price 6 months from now.
Unless he comes out and says talking to 3 companies about a BO what's the point.
