Frensius issues and Takeda takeover makes O's return to market!
The move to delist should be fought by the AFFY, there are many companies in the market place like ENZN, practically there are no operations except they collect revenues from Royalty, like Royalty trust.
They should have opted to file a 90 day extension and then request to keep it till the investigation outcome is determined. The PR sounds very fishy as usual.
AFFY IS THE MOST MANIPULATED STOCK I'VE EVER SEEN FOR THE PAST 3 YEARS!
You need to have the courage to go thru this. Right now it looks like O's coming back and one need not worry.
As for as manufacturing agreement Termination with Nektor, it is again a move to close out all the o/s contracts for a possible takeover by Takeda. Moreover entire research, mfg, mkting is moved to Takeda already. AFFY is not going to manufacture anything only a Royalty trust. They settled the 32.9 MLN worth to 6 MLN, adding back 27 MLN. Right now AFFY is cash positive (they have NET CASH over Liabilities).
I did not see anything unusual about 8 K, it is again Short Momos trick the nervous longs to sell out.
You should know what YOU HOLD! It looks to me a GEM at 80 cents and again @2+.
No body buys 5 MLN shares worth of CALL contracts at 30-35% premium for NOTHING, it is a very serious money playing here.
Nothing to worry about you say? AFFY's sec required disclosures since the O recall ALL warn that O needs to come back to the market soon or it will go out of business one way or another, including bankruptcy. AFFY advises that the process of reaffirming O's safety to the FDA may be lengthy. Cancelling the contract for O's manufacture is a big red flag that it looks like O is not going to be marketed anytime soon and time is running out. I think those holding an AFFY long position should be worried that they are going to lose their investment as AFFY also warned would happen should time run out.
Yes, this is exactly my logic too. It's somewhat suspicious that the company commented they're not going to appeal. My opinion is either they know they'll be bought out or prepared to be bought out for sure, or, part of the manipulation to fear off retail so big fund can take everything once everything is settled.
Like I mentioned before I'm ready to lose 100% or gain 500-1000% percent on my small investment in AFFY.