Replies to post #23687 on BioSante Pharmaceuticals, Inc. (BPAX)

[rgshredder]

A struggling Company would pull out the the stops to survive. Now the illusion of a struggling company will sit on information and play the Ace at an opportune time.

I think that's why everyone is still in this investment- Time, money and research have gone into libi and it's not going to go up in smoke so quickly. Had things gone differently, BPAX may be a household name by now...but it didn't. I believe the opportunity is still there and there's more to this story than what's on the table. A company doesn't go from developing a major product such as libi to scrounging for what pennies they can find from the first person to offer it to them. The Merger terms are skewed, and the sentiment on the board is negative (even for those that are generally positive) yet we're not at our all time low (not dismissing how low we are) which is weird given how reactive this stock is to bad news. We lost all of our gains since the announcement of the merger in one day (12/19) and I don't recall ever understanding why.

In regards to everyone mentioning we've lost 90% of our investment. There is no denying that the pps is not where everyone would like it to be, you can argue incompetence of management or manipulation- truth be told, it's probably a bit of both- I see it as any positive news will cause this to dramatically spike, more so than seen last February, May and September. all IMHO

-RG