Basher or pumper, it is a steal at these prices.
2.50 cents cash on hand, expenses are all fully shared btw the two.
As I said Takeda will buy this out sooner and the product will be launched with a warning label and with FULL TAKEDA backing. Takeda test marketed the production with AFFY name and now they knew what exactly going on with this product after 1 year of usage. Every precaution will be taken and will be marketed with Full force and financial backing of Takeda.
It's time to panic and get something while you still can. AFFY is going bankrupt. The accounting opinion states considerable doubt that Affymax can continue as an ongoing business within the next 12 months,
Based on the Affymax 8K filed on March 18, 2013, there is about $13M to $15 M net cash from which to work with Takeda and continue operations. That is about 35 cents per share. I would sell while you still can. Affymax going bankrupt IMHO.
Dwindling volume is a real panic sign for Shorts. From 18-20 Mln it is not even 2 MLN.
Watch out for a huge Price rise. For longs there is no need to panic and sell, it will touch $10 in no time, with a Takeda buyout, they will takeover and launch their product with their name and Financial backing.
I agree and just posted going over $2 soon. The selling is done and now the move up comes. Smart shorts will or have covered and gone long or moved on. AFFY will be back with a warning label. Sales will increase even more. Short term, $2, $5, $10+
Sentiment: Strong Buy