What would possibly cause Affy to go Bankrupt? They have gotten rid of all of there employees, Takeda is funding the investigation, They have no operations left to payroll, They have paid off their debts, nothing to do now but wait for Takeda to do all the work and start paying milestones and royalties
BINGO,you are sooo on the money! I watched the same thing happen years ago in the oil industry. Apache was partnered with a small oil exploration company called XCL. XCL struck some huge wells in China, but XCL was cash strapped and couldn't meet their development obligations. They went bankrupt and Apache stole the assets and are now banking some serious coin on these wells. Completely unethical and RUTHLESS, but baby, thats business!
XCL shareholders now own useless souvenier stock certificates. AFFY shareholders will soon experience the same pleasure. Takeda will take ownership of O for virtually nothing.
Good point, my NVGN is underwater for the time being - I don't always make the right decision. I've lost in AFFY as well in the past trying to catch the falling knife but thankfully out now and waiting for BK before I jump back in - if that does happen and if it does not I won't buy it.