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rikshot

02/02/18 12:52 PM

#12845 RE: turks #12844

It's true they don't get it right all of the time----Not even "Superman" could do that----But the problem is the "dishonest conduct" by these Investment advisories---They get paid "NOT" to get it right, and to suck you in & take your $. That's my experience 99% of the time. Zack's has always been kind of on the "up & up"
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Doctor Detroit

02/02/18 4:36 PM

#12846 RE: turks #12844

Hey Turks. It will be interesting to see how things shake out.

Snooping around, I saw more than one confirmation on linkedin that Braeburn has in fact laid off their entire national sales force. So I have no doubt it actually happened. (Also saw a lot of Braeburn personnel "liking" Alkermes in the last week...hmmm.)

Without a sales force, Braeburn has to give the rights back to Titan. There is no reason to stall, and stalling without cause could make them liable for damages, so I assume it will happen this quarter.

Valuing those rights is another question. Given the limitations in the REMS and the difficulties experienced by Braeburn, I'd be thrilled with a $15 million cash infusion with a much higher royalty rate.