This was absolutely the worst deal for Somaxon shareholders in only getting $25M for the company and average price of $6.82 for Pernix. Where are the attorneys who settled and left the shareholders high and dry? Look now as you have lost more value with the stock tanking.
We went from one scam company to another. Stifel did a poor job in finding a buyer, the attorneys settled with Somaxon and Pernix and Pascoe made out like a bandit. Wall Street is alive and well and this is why the small investor won't invest in stocks.