I think NOT. Regardless the smokescreens generated by those who claim only "innocence" and "shareholder concerns," everyone knows there's been a boatload of $$s made on the downside.... No lack of incentives on the part of Bashers who have been at it for more than 2 years!
The appointment of the latest director was a smart move, an attorney with years of experience at the SEC. Took advantage of the decline to add. All these will be a distraction near term but will not change the results of the phase III trials or phase II trials, and that is what ultimately will decide who wins or loses. Meantime we muddle through the slime.
Hey Dan,I believe at least 10 other companies have been complaining to the SEC about Farkstein. NWBO comes to mind most recently! They won't let him off the hook.
Sentiment: Strong Buy
Much harder case to prove on those guys. Not to say they did nothing wrong, they did and it was probably illegal but Ahn and the board also engaged in illegal activities and gave them the gunpowder, I am long with alot of 2016 leaps and am not selling, however I am truly disgusted by managements actions.
Well, they have so far, and not just what Adam F and Cramer have done to GALE. Arena Pharma (ARNA) is a highlighted example. The SEC is far too busy throwing parties on the tax payers dime, to do anything about corruption. For YEARS people have written SEC to do something about Cramer, yet... silence ftrom SEC. Kinda makes you wonder who's really making the big bucks!
Sentiment: Strong Buy
SEC will definitely look at this tweet from AF:
Adam Feuerstein @adamfeuerstein 4h
I would ask $GALE CEO Mark Ahn for a personal apology but he’s too busy preparing for multiple depositions.
The #$%$ AF surely knows that depositions would only happen during a formal investigation - not an informal inquiry - so why bring it up at this point unless you're trying to manipulate the stock price.
It would happen b/c there are lawsuits pending. They do depos at the discovery stage of trial. These cases are independent of the SEC investigation. There are different laws at issue here I believe (SEC and SH v. Gale). I'm a long and there may or may not be a short term loss here, but if everything that is really important goes well, and I hope they all will baby, then this doesn't really matter to me. They just better keep things kosher from now on. And we can buy on the dips too.