I think I have seen that tactic used to force small investors out of the stock and I think all of you know the culprit. Rather than present a legitimate offer to shareholders who experienced the losses some lowlife might manipulate the share price then use a 2,000 for 1 reverse split forcing anyone with partial shares to sell. NOLs might be the reward for burying the misdeeds of the former and current affymax managements and BODs. I could be wrong but it still bothers me just how lucky Orbimed has been here and with Relypsa. Managing to trade at the right moments. Did they use inside information by having board seats?
The former board did a great disservice to shareholders in gifting this company to Couchman. We are completely in the dark as to where this investment is headed. I believe Orwin & company handed control over as soon as they thought the had secured all the waivers through the lawsuits. I would love to hear from an attorney about suing the counsels for the shareholders for their failure to represent shareholders as they claimed. They were well compensated for delivering waivers forced upon unknowing victims. It is outrageous that shareholders must opt out of settlements they haven't participated in. At least opt in would require they were aware and would avoid these unjust rulings.