We should see a filing of the NOL sometime by years end or better yet ...results from previous filings...hang in there payday is soon to come...bigger than the .15 buyout....tick tick tick
Shell buyers planning a reverse merger often let the shell sit for a long time. It's normally their intention to shake out the old shareholders so they don't get a free ride after a reverse merger. They know that there will be lots of tax loss selling. They also want to insure that there are no new 5% holders or a change of control which would nullify their tax loss carryforward. So, this is a long-term hold, but from what I see, a pretty clean shell. As far as I can see, the litigation is behind us.
If so, why don't more people buy down here and when would this reverse merger most likely take place?
Tax loss carryrforward is worth several hundred million. After the tax loss selling is flushed out, I would expect to see some type of reverse merger.
Anyone hear anything new about the settlement which was brought before the court on Dec. 10 and last day to file on Dec. 27? Been trying to find something out from the phone number provided but nothing new. Was wondering if a number of people opted out because they thought the amount was to low or the lawyers fees were to high. I seem to remember there was an insurance policy in place for about $10mil to deal with this and the settlement was for $6.5 million. Thanks in advance.
longfellowsss, do you know whether Affymax, Takeda, or both companies own the drug now? Thanks.
Last week I called both the Affymax and the xstelos numbers leaving contact info but as expected there's been no reply. When I called in December I was asked to put my questions in writing and they would answered. Apparently that was a lie.