What at one point was a modest 10K investment, is now worth about a grand. I refuse to sell and/or cut losses. When will this pig put me out of my misery?
As much as you may think it's drivel, let me say that TELK will be BK by the end of the year. IMO. They have limited cash and there is no way they will get the monies needed to fund the Phase 3 trial. One of these days we will wake up to TELK opening trade at 20c.
Sentiment: Strong Sell
If news breaks on a Phase 3 partnership, you might finally be on your way to at least a partial recovery on your pre-split holdings!
If not, just another manufactured P&D, most likely.
I love this board. 50% in one week. 27.5% move in one day. And, not a peep from anyone. Then again it beats the whole "this thing is going to the moon/going bankrupt" drivel that every other board on yahoo is populated with. I imagine anyone silly enough to still be holding this, like (ahem cgh cgh) oh say me, is so far from the break even point after that 30:1 reverse split, that nothing really is going to matter until we see about a month straight of yesterdays.
Wow! It is the best time for Biotech in last 10 years. It is shame for Telik managers. Where are you, Michael? You have several advanced drug candidates. Move on, move on. Fight for your fellow scientists who worked hard for you, fight for your investigators who still believe your science. It is the worst way to give up as this way.
Because I was in at 1.12, which it hadn't gotten close to that plain in a bit. I just got out at 1.43 before the drop though. Made a decent gain.
Sentiment: Strong Sell
Just a pump and dump. Invested long awhile ago, but TELK doesn't seem to want to provide their shareholders with any updates; even when requested directly. I am actually hoping the pumpers get their fill and get out; as until Telik respects their shareholders enough to fill them in on something, I would not recommend buying this stock.
Forget any thoughts of merger or buyout. In order for a buyout or merger to be possible, there must be a reason for the move. There must be something they can get from Telik or why do it? Telik has absolutely nothing anyone else would want to purchase. No property, great facilities, technology, patents (TRAP was not successful), hot science or scientists left at all. Who would pay money for it?
TELK knows what it needs to do for shareholder value, but being a major loser for such a long time, they may not have the motivation to do so.