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xtreem99

03/11/10 4:58 PM

#7160 RE: zigzagman #7154

ZIGZAGMAN, question on your post...
first off, i agree with your post about management to a certain extent. but, from my understanding on what went wrong, technically, no "rules" were broken, the nda should have passed. there is nothing in the fda guidlines that say the 12 months of samples has to come from the same mfg. company, the fda just "likes" it to be all from the same company. and that the fda was in the process of making it a rule, but hasnt implemented it. (well, obviously they are practicing the implementation of it :)
what do you think? Please correct me if i misunderstood the PR.
thanks,
-X
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TenaciousD

03/11/10 5:04 PM

#7161 RE: zigzagman #7154

zigzag lets look at the other side of the coin.

so they screwed up the submittel and got the notification, I don't believe there ever is a "good time" to release this news so they got it out ther and move forward immediately to correct it. Smart move imo.

They announce the "dilution". Well if we look at it they also put themselves in a position to be debt free for the next two years and have funds to concentrate on marketing the product once approved.

I don't think anyone can predict what the investor here will do with news but I have to think that the biggest reason that the pps dropped was not because of people like us (long) dumping out of disgust but more so flippers and guys looking to make quick money deciding it wasn't worth the risk.

Do you honestly believe the company has gotten any worse aside from the present pps? All the reasons we invested here still exist. I am disappointed as well at the blunder but once corrected we are in good shape here I think.

I also don't believe these guys give much thought to an investor while trying to bring drugs to market. It may be a big deal to us but to them we are a small cog on a much bigger gear.

Don't give up bud your doing a great job and I believe in due time we will be rewarded.

GLTY

D