Mon, Sep 22, 2014, 2:38 AM EDT - U.S. Markets open in 6 hrs 52 mins

Recent

% | $
Quotes you view appear here for quick access.

Affymax, Inc. (AFFY) Message Board

  • maxdad01 maxdad01 Jun 8, 2013 1:52 PM Flag

    While the BASHERS just keep saying there is "no more AFFY" they are right AND WRONG

    Everything they say about the existence of AFFYMAX is true as an operating company and has been known for quite a while. All physical assets gone or about to be sold off...real estate too. There is NO company to be operated. And at this point bankruptcy is off the table and for good reason...They've renegotiated supply agreements ("they" being Brenner and Takeda) at about 20 cents on the dollar to remove the liability and put the manufacturing of Omontys totally under Takeda's control. And they have intentionally left a corporate "shell" rather than take it into bankruptcy:

    1. Because they no longer have to
    2. Because it now costs next to nothing to keep them "alive"
    3. Because the value of Affymax had/has ZERO to do with the company (which was a boat anchor to Takeda and which they have very adroitly made effectively gone).
    4. Because the TRUE VALUE is the value of the Milestone payments and perpetual royalty stream contractually obligated by Takeda to Affymax per the recent Amended Agreement (which is available on-line for all to see the t's and c's).
    5. AND THIS IS THE ONLY QUESTION WHOSE ANSWER STILL NEEDS TO BE REVEALED...Will Takeda put Omontys back on the market??? IF the answer is yes, AFFY shareholders at that point in time will be hugely rewarded (against current share price), AFFY SHORTS WILL HAVE THE LIVING HELL KICKED OUT OF THEM VIRTUALLY THE MOMENT SUCH NEWS IS ANNOUNCED AND THERE WILL BE SOME NEW CONSTRUCT FOR HOW AFFY SHAREHOLDERS WILL BE COMPENSATED (buyout, public or private royalty trust).
    6. To the bashers, bears and shorts that think otherwise...THE ONLY ANSWERS THAT WILL NOT DO SEVERE DAMAGE IS FOR YOU TO COVER YOUR SHORT BEFORE THE RETURN OF OMONTYS OR PRAY THAT THERE REALLY WAS SOMETHING SO WRONG WITH THE DRUG THAT IT AND ONLY IT KILLED 3 OUT OF THE 25000 WHO USED IT. The other two have already been ruled as unrelated.
    7. How much time is left is anyone's guess at this point.

    MORE IN REPLY...

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Maxdad, LYING GS/GPM FRAUDSTER SAYS: "And at this point bankruptcy is off the table [for Affymax] and for good reason..."

      AFFY 1st q 2013 10Q says: While we continue to reduce cash outflows, there is no assurance that we will be able to reduce our operating expenses enough to meet our existing obligations in a timely manner. If Takeda is unable to reintroduce the product or we are unable to obtain additional funding in the near future, our cash resources will rapidly be depleted and we will be required to materially reduce or suspend operations, which would likely have a material adverse effect on our business, stock price and our relationships with third parties with whom we have business relationships, at least until additional funding is obtained. If we do not have sufficient funds to continue operations, we could be required to liquidate our assets, seek bankruptcy protection or other alternatives that would likely result in our receiving less than the value at which those assets are carried on our financial statements, and it is likely that investors will lose all or some of their investment in us.

      MAXDAD HABITUALLY LIES IN MOST OF HIS POSTS. He cannot help himself inasmuch as his GS/JPM ethics knows no other way. Anyone who has followed his AFFY posts has lost considerable amounts. YOU HAVE BEEN WARNED. DO NOT FOLLOW MAXDAD. DO YOUR OWN DUE DILIGENCE.

      • 1 Reply to godwinpeak
      • A SOCIOPATHIC CON ARTIST CALLING SOMEONE A LIAR...what a joke!!! Get back on your lithium or check yourself back in. I have proven in absolute terms that your 1000's of posts contain misrepresentation after misrepresentation and your ONLY DEFENSE is to attack. I WAS THE FIRST TO CALL YOU OUT WITH SUBSTANTIVE PROOF AND THAT MUST HAVE PUT YOU RIGHT OVER THE EDGE...BEWARE GODWIN...THIS WHACK JOB SAID HE WENT SHORT AT $15 and was either too dumb or WAY TO CRAZY to cover at 80 cents...AND THOSE ARE HIS FACTS NOT MINE!!!

    • how would you feel if you were one of the three, or your spouse, child, you would sue them into oblivion

      • 2 Replies to dkwinc41124
      • I don't think that's exactly the case here. These are going to be dialysis patients, and more on the old side. An aging parent, perhaps, but much less likely a child.
        Not everyone is so malicious. If it is indeed an elderly person, and the blame may fall on the dialysis place or the drug, you have less of a chance of making a 10+million dollar lawsuit. If the places both apologize and offer you 1-5 million to settle, I think most reasonable people would walk away with that much.
        The lawyers on the board can comment on what the value of an elderly person is, but I think the going rate of a person normally is 5 million, and the rate of someone on dialysis would be less, such that an elderly person on dialysis would be ...say... 1 million?

      • = = IDIOT ALERT!! = =

    • THE BASHERS CAN (AND WILL) SAY ANYTHING TO STRIKE FEAR INTO REMAINING LONGS OR POTENTIAL NEW INVESTORS AS THEY HAVE FOR MONTHS... And the stock price certainly has taken a massive hit as they play on what is still a lot of uncertainty and the fears that such uncertainties generate. AND they are EXCELLENT AT THROWING EVERYTHING THEY HAVE AT PEOPLE'S FEARS.

      I AM NOT SAYING THAT THERE IS ANY KIND OF GUARANTEE, but by all measures I am aware of there doesn't seem to be any clinical reason (given the mortality stats of Omontys and how many drugs are on the market with far worse stats) why Omontys shouldn't be restored. I continue to believe (I certainly can not know) that Fresenius personnel screwed up on those three who died (JUST LOOK AT THEIR CHRONIC MORTALITY AND MORBIDITY STATS that are posted by the FDA)...And IF (word is "IF") it turns out to be human error, Omontys goes back on the market just as quickly as the drug is manufactured and delivered.

      My best guess is that the investigation of these deaths has been completed (NOTE--I SAID BEST GUESS) and that there are some very complex negotiations going on between Takeda and Fresenius (with Brenner playing a supporting role and AFFY (shareholders) sitting waiting to see what the results are. And these negotiations include how all info will be made public, how litigation will be handled and how the two will work together in the future. This could be days, weeks, months or longer to settle.

      So for anyone long or short AFFYMAX, there is only one question for you to answer for yourself. Will Takeda bring Omontys back? Everything else presented on these boards is noise designed to influence your decisions one way versus the other. Omontys will either turn out dead (AFFY worthless) or alive (AFFY worth a hell of a lot more than it its share price is today).

      That's all you have to decide and you should make that call independent of my case or anyone else's here because it is your money and your decision!!!

      • 1 Reply to maxdad01
      • Can Frensius make it as human error / employee error or misjudgement or inaction and move on?

        That is the only they can absolve of the responsibility and satisfy all the constituents here.

        It is not a huge 100's of people died, it is 3 patients. 5000+ men died in Iraq and more the 1 MLN Iraqies died when AMerica invaded / liberated (whichever way you call it) Iraq.

        Every yesterday 5 people died in a shooting. These are fragile people and Medical/medicare saved probably 100's of thousands of $.

        GLTA LONGS!

        Sentiment: Strong Buy

 
AFFY
0.17+0.01(+7.59%)Sep 19 3:57 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Hercules Offshore, Inc.
NasdaqGSFri, Sep 19, 2014 4:00 PM EDT
EMC Corporation
NYSEFri, Sep 19, 2014 4:01 PM EDT