A new pre-screening will prevent further problems, and AFFY goes back up to $18 swiftly!
Give it a couple of weeks, all this will clear up for the better...way oversold!
This is a great opportunity to buy.
How do you suggest they will finance it? Let's say they might have $70-$80 mil in cash...
They weren't making money to begin with, lost nearly $120-last quarter, etc.
Do they fire the sales team they just paid $25 million to train and start over?
Affymax is dead. This was a killer 1-2 punch, its over.