It is full of Scam from day one from Arlene Morris days till John Orwin.
They aligned with Takeda and it looks skimmed Takeda bigtime for their own enrichment.
Even these crooks, care takers are trying to extract their pound of flesh.
It is all big scam. I hate to say the whole US market sucks and short sellers are the biggest crooks, who destroys the wealth. The politicians are in bed with these scamsters to steal money from poor Americans.
The rich is getting richer and richer, and the poor is getting poorer each day. This lady Warren has got a clear message unless she comes to power, there is no way poor and middle class can come back up.
From the 10Q-"Stock-based compensation was recorded in the statements of operations as follows
(in thousands): Selling, general and administrative 3 months= 297, 6 months= 781"
Keep in mind they say there are only 2 employees left
Did Lisa get 781,000 shares for answering the phone.
Net cash used in operating activities $(2,198)
FOR A TWO EMPLOYEE COMPANY IN A CLOSET, $2 million.
Short interest is now about 2.3 million share down 1 million from two weeks prior to this report.
The bid was 10 cents for more than 100,000 shares during the day.
The news from company that it appears insurance will cover all liability issues is good for a reverse merger potential. Will it happen? i don't know but its a step in the right direction. We are about six weeks from affy announcing they would have a vote to dissolve company. In the meantime they managed to get out a 10q early which is odd for a company thats going away. Stay tuned.
Affymax, Inc. (OTCQB:AFFY) today reported financial results for the second quarter ending June 30, 2014. The net income for the second quarter of 2014 was $7.2 million (or $0.19 per share) compared to net income of $15.4 million (or $0.41 per share) for the second quarter of 2013.
Net income for the quarter resulted from receipt of written notice of termination of the Collaboration and License Agreement from Takeda on June 10, 2014. As a result of termination of the agreement the Company has been relieved of the entire balance of the launch loan due Takeda of $8.2 million. The liability was derecognized and recorded as a credit to other income on the Condensed Statement of Comprehensive Income (Loss). The income had previously been recognized for tax purposes and no tax liability will result as the company will still be in a loss position for 2014.
Did Takeda take advantage of this to help discern what causes it or are those patients who hold the key simply dying off and the answers along with them. Wouldn't that be the logical starting point for dna testing.
How can you vote on liquidating when there are no answers.
It's so obvious. SEC practically has it handed to them on a silver platter. Longs were punished for seeing thru the bull--s and holding.
Since when will their be anything left to common shareholders. This World gets more corrupt as each day passes. I would like to ask one question of the board??? How many shares do you they have?...That a Vegas call I would like to make. My answer would be zero. It has a -1.1 million dollar enterprise value. If there is anything left they will expense it at their last lunch!!!