think of it this way...
You pay $1.30 for one share now, and you receive $3.00 in dividends over the next 3 years. Or between now and then, the share is bought out for anywhere between $2 to $10+ per share. Or the market sees this potential at some point and starts pricing it in more appropriately. This could happen gradually or suddenly because we are one catalyst away from going ballistic. IMO
We have what, over $40M in the bank? Our cap is $55M. Rough numbers indicate that we can reasonably and conservatively expect royalty payments of around $100M in the next three years. The company still owns patents with value. They also have valuable tax credits that can be utilized under certain circumstances, and could also have value to someone. The premise is brilliant, under the circumstances.. Minimize costs, and pass all the value back to the shareholders through divvy's, and in the end get a great share price on a buyout. on the remaining assets. The question is how soon does a potential buyer pull the trigger? Is it before or after the next divvy? In any case, it is my most humble opinion that we are in store for some nice upside.
i would hope they make some money in the interim until they pay out the dividend. buy some short term bonds at least get some interest off of it
Have you thought about why Icahn hasn't sold his shares in Enzon - he's known the details of Enzon's plans to stop their R & D for quite some time. There's no question that he has something in mind here - no coincidence that the current Chairman of the Board (Jonathan Christodoro) served as a Managing Director of Icahn Capital LP. GLTY!
Sentiment: Strong Buy
If you did your DD, you would know why they only have 1 employee. Icahn said on CNBC earlier that he is going to make money off all the stocks he owns, including this one.
This scam stock is already being spammed on multiple message boards as the frontloading commences.
Sentiment: Strong Sell
1.23 key resistance level - if the PPS breaks through, look for the volume to really heat up and make a push towards the 1.26 - 1.28 level. GLTA!
Sentiment: Strong Buy
Still lots of resistance at 1.21 - NSDQ, NSD & EDGX continue to sit heavy here, as they're obviously trying to discourage upward momentum. Resistance levels have been coming down, and now the next level to break through from here is 1.23 - if 1.21 can be taken out, then, I believe 1.23 will be broken through.
Even though a few of those royalties have lapsed they have so little overhead and are just making profit that I bought in for a small stake. GLTA