has got it. They are doing exactly that, they are cleaning the books which will enable them to get the best price for it. It definitely wont be at current prices-it will be substantially less but at the same time they are trying to get as much as possible out of what is left.
Thanks! When you say it won't be at current price, do you mean at the price of $1? Do you think that they will sell the company at a discount from here? In seeing normal companies bought out, they go for a 20% premium. I was thinking we might see a 100-300% premium because there is still cash in the company and a drug that could be a blockbuster.
I see it as much higher because there were a lot of investors in the double digit range. This is an FDA approved drug that once the problem is identified is a billion dollar drug, but if it's a buyout we will know soon. The deal won't take us retails into account but you can bet they don't want to pee off the big guys who have millions invested. They will accommodate them first.