Well I hope you are right! I'll hang onto my shares a while longer. I bailed from MNKD when things didn't blow up at approval, but I was up on that guy, this one, not so much haha.
Was in SNTS and TSRX when they got bought out. SNTS was bought out a couple of quarters after launch of their primary drug - but I don't recall if they sweetened the pot for the employees prior to launch. I think a BO happens before launch or shortly thereafter - either at a higher price prior to this special meeting (maybe in the $30 range), or at a somewhat lower price after the meeting (maybe in the low $20s range). If they sell out at a lower price this is one way to thank employees for their hard work over the years and make them 'whole'.
Hey, if yahoo is openly helping the shorts by allowing shorts to control the boards here, but not allowing us to identify and call out those that are acting as tools of them (the shorts) whether they are media or posters here, Yahoo would appear then to be acting in cooperation with the shorts and wouldn't that be something the SEC and NY Fed would be interested in?
That's what I thought. I guess as Nov gets share price will show what people think. I'll hold out to see how the markets take the news and anything between now and then.
My question would be, how do they justify such a large number of shares for this purpose? Wouldn't it dilute shareholder value by a large amount. It would have to be a long time for any redemption, for me to approve it.
Sentiment: Strong Buy
For those who never figured it out MGM, Ice, spill, etc.--all the same. The classic post below is where ol' MGM obviously forgot to change his user ID. You have to recognize the posting style. So many years, so many frauds here. Note:
iceman18047 • Sep 24, 2012 8:01AM
"KERX buyout at 15"
"No question the CEO is setting this company up for a buyout. He is posturing the company nicely with a drug that has world wide potential and needs a marketing arm with that power. He knows what he has to do. Shareholders will be very pleased. 15-20 dollars a share easily folks..." Less
very few patients need iron in stage 3-4. no market here. oral iron pills already available if needed. can you say take your eye off the ball or failure to launch?
Or it means they are hinting that they want to be acquired prior to the special meeting. Acquiring party won't have to deal as much with severance plans, bonuses, accelerated vesting of stock options if a deal happens before that meeting.
you have to take out 15 min and watch this video to see how corrupt the sec is from an insider who was fired wrongly sued them and won.. a eye opener
Sentiment: Strong Buy
This means one thing, dilution...unless I'm reading this incorrectly. Which means further depreciation of share price. Maybe I'll hang on for per-dailysis results in February/March, hard for me to say, I'm generally a very short term investor.
The Company has significantly increased its employee base in anticipation of the Food and Drug Administration approval of its lead drug product, which was received on September 5, 2014, and the following marketing and sales effort. As a result, grants of awards under the Prior Plans were well in excess of expectations when the 2013 Plan was adopted. The Board believes that it is both necessary and appropriate to adopt the Plan Amendment in order to enable the Company to continue to offer meaningful equity-based awards and incentives to key employees and non-employee directors and to attract and retain qualified employees that the Company may wish to hire in the future.
Guess it's getting on time to take my loss on this one, one of my worst to date. Last time I buy a biotech stock before approval expecting the drug to be approved. Brutal, won't recover from this one for a quite a while.