I with you guy’s/ No real reason to surrender my share at this point.
Let’s see how this play’s out with the big guns who are pressing for answers.
Where is the bucket?
I wish they would update ownership as required by law. Good thing our Fedeeral government is on vaction. Sorry, that is everyday. Now they dont get paid!
I ,also . not tendering my shares. I have been holding these shares for many, many years, couple more months will not hurt me . DR Manuso do the right thing for the long suffering shareholders. Thank you
Love the great open letter from Sarissa Capital that own over 5% of ASTX and reasons why they are not going to tender their shares! Their open letter is a must read and explains the higher volume today and higher price for ASTX. I had no plans of tendering my stock at $8.50 and this letter helps confirm my descision.
For the Astex purchase we were told of 2 billion potential if buy Astex. We buy Astex and sell out for peanuts. If we did not buy Astex, Supergen share holders could of got $1 dividend a year, $4 stock price or higher and still have money in the bank. Total dividends received from 2007 would be $6. Instead CEO sells us BS and he gets $31 million plus excess pay, bonuses and stock options for years. Dont forget the car, expensive trips and entertainment. Osaku buys Astex for $8.50 minus cash on the books equals $7 and change. Where is the 2 billion milestone payment potential? Where is sgi110 potential? Why did all the big pharmas buy in? Now the board says risk is too high! where were the risk seeekers when we overpaid for Astex. What has Astex provided Supergen other than burn. When money was nonexistent we give Astex shareholders equal equity. No deal for Supergen shareholders. Manuso has a history of horrible deals! For that he 31 million, plus bonuses, plus perks plus excessive salary.
What does that mean? Done deal, I dont think so! This board and CEO (Manuso) belong in jail not on a Caribean beach. Where is the SEC. They cant even fill out the paper work required to do a tender. Or is it we dont know how to tell the truth?
I think like many others the tender offer will not get approved. If that happens options are in play again.I see many many more lawsuits a coming!
OK. So there was some option trading right after the tender off was announced. There isn't any to speak of now and call options with a strike of 9 or above are practically worthless.
And oops we failed to supply all the information to multiple bidders! and opps we have multiple revenue estimaqtes. We decided who got what estimate! And looks liuke Jefferies fudged or used another set of numbers to determine share price premium! Boy this sounds like a very good deal. We need to up Manuso's bonus!
There were multiple companies interested in buying Astex. I think the attorneys are forcing some truths to come out in the filings. One Asian suitor showed interest in buying. Astex said they needed to up their bid. Astex board and management did not follow up. They felt the second compand did not immediately contact them so they felt they were not interested. This is real BS. You do not make this an open bidding? Whats wrong with informing multiple parties there is a bid on the table. We pay this Clown Manuso over 31 million to be an effective negotiator!