Not only bk is not an option there has been strong indications that the company is not even thinking that despite all their the public future damage control statements:
1-Any dummy know that no sane company ever pays their largest and practically only debt ($12 million in Affymax's case) days before filling bk. Their payment of this large bank loan was and is , in my view, a death nail in the coffin of bk speculators;
2- No sane company or a bk judge will ever even consider a bk when there are no debt as such just based on non-proven lawsuits which company is on the record to claim they are all baseless;
3- Even if a bk judge agrees to hear the case he/she will throw it out immediately because of all the potential hundreds of millions in future earnings, including royalties and milestones again while there are no debts;
4-the company has absolutely no incentive and many disincentives for bk; They have insurance to cover the lawsuits (which by the way are absolutely baseless as company is done everything according to FDA's recommendation and the problem has not been the medication but allergic reactions to the medication which applies to nearly ALL medications in the market;
5-If there was any incentive regarding the lawsuits to file are now irrelevant because Takeda now holds the future of Omontys and they are the ones with deep pocket and are also named in every lawsuit.
I believe a buy-out is what the company is seriously considering at this very moment but they are also content to await Takeda's investigation of Omontys's recall issues and hopefully using those funds to go after other drugs, buy back shares, etc.
Giving Takeda the responsibility to investigate using their own resources is a giveaway that something big is in the works. I think a buyout is in the works. Collecting 180m and a percentage of the net sales when O comes back might be a hint. How much a buyout is going to be, is the 64000 dollar question. How much will a company will pay for a billion dollar drug that could bring in billions over the years?. My guess is in the 375-500 m range. We shall find out soon.
You are a Chump and that is the nicest thing I can say about you. Being a chump is not really that bad of a thing to be at all. But as an investor, it is not good to be a chump. A chump like you should not be investing. I advice you to refrain from investing. You are not able to take solid wisdom and learn from it when it is provided to you on a silver platter. Instead you reject the solid wisdom and continue to throw money away based on your faulty ideas. This is truly something only a Chump would do. Thank you.
LAFFY has told you many times that BK is a strong possibility. What do you think they are going to do - spell it out to you any more clearly than they already have? Don't be a chump. Thank you.