The "source" had half a million shares to sell today. What makes you think they don't have more to sell, a lot more?
my plan is to stick around to see how mds phase 2 pans out. if spiros still manages to screws things up with good results then i will call it quits. until then i will take my chances with the current valuation...
Yes they bought 650,000 shares at $5.34 so they're down 1.5+ million. You can be sure that they won't be buying shares in the near term........yes Spiro scr#wed them too . Maybe that's why WS doesn't trust him...can you blame them?
Really....it's already below $3.00. Spiro's not an idiot...he's a slick CEO who knows how to scr#w the shareholders and get away with it every time. The science is solid....I guess the market doesn't think so .....it reminds them of DNDN's provenge. Even after getting approved and selling the product, DNDN continues to lose money. Keeping folks alive another 4-6 months is a wonderful thing unfortunately the market's is not too excited by CYCC's drug. If it was such a wonderful drug with the possibility of getting approved and generating significant revenues, there would have been companies knocking on CYCC's door and they wouldn't have had to sell 6.7 million shares. The reality is that this is just another biotech company going now where. It's job security for the folks that work there and a bad investment for the shareholders.
immunotecde • May 16, 2013 10:22 AM
Great company, reliable management!
Spiro is a very honest man, do not dare to blame him. ( broken english, LOL)
Sentiment: Strong Sell