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Momenta Pharmaceuticals Inc. Message Board

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    • bdover,

      <My issue is that I am a significant shareholder and I do not like when the company potentally exposes the company to sec action which would further damage the company.>

      Why would MNTA be exposed to SEC action? They didn't issue the news, it was a judicial decision. MNTA had no control over when the decision was made.


      <I have significant experience in this area and what they did is wrong. Companies halt trading in their stock or issue a short release with a one liner "company lost case plans to apeal" then follow with a more detail release later. If you look at the message board history you can see i asked at 939 am what was going on milions of shares were trading and no news could be found it took 25 mins before anyone could figure it out with many posters looking. so you can't have people in the know and others out.>


      I thought it was the stock exchanges which halted trading, not the companies.
      They do so because the company informed them ahead of time that they have news coming or expect an FDA decision. You can't possibly think that having a judge publicly issue a ruling on a stay of PI is in anyway something a company knows ahead of time or needs to tell the exchanges so that trading can be halted. If I recall, there was no trade stopping when the judge initially granted the PI for MNTA. Were you this upset then?

    • this all started when froy 99 made an idiotic comment that MNTA did not need to make a press release since it was not material to them.

      My issue is that I am a significant shareholder and I do not like when the company potentally exposes the company to sec action which would further damage the company. I have significant experience in this area and what they did is wrong. Companies halt trading in their stock or issue a short release with a one liner "company lost case plans to apeal" then follow with a more detail release later. If you look at the message board history you can see i asked at 939 am what was going on milions of shares were trading and no news could be found it took 25 mins before anyone could figure it out with many posters looking. so you can't have people in the know and others out.

    • bdover,

      I am not sure what you are so upset about here. It seems as if you are unhappy with MNTA for the time it took them to respond, and think that is responsible for the MNTA stock price decline.

      Good management would have been discussing the type of press release they would issue depending on how the decision would be rendered. It looks to me like MNTA was prepared for the decision, and then issued the appropriate response.

      I am not sure why you think a faster response would have made any difference. The stock price remains down a day after MNTA responded. It is the decision itself, not the timing of the MNTA response that matters at the moment.

    • I have to agree with fib. It was publicaly disclosed by the Court and MNTA did issue a press release. Was it timely? Hey it takes some time to get/look for details, review, get a legal interpretation, and issue a position. How fast do you think attorney's take to review, digest and form an opinion? 6 hours is not unreasonable.

      There was no selective disclosure involved.

      It's unfortuate to loose investment $. However, I see nothing that was done wrong.

    • Obviously the court action was material.

      It is also obvious that the action was PUBLIC, and therefor not covered. "Public" does not mean it has to be in a PR. Court rulings are in general public. Because it was PUBLIC some got a fast jump on it an made a few bucks. That is life.

      And again, the regulation is about not allowing selective releases. It says nothing about requiring disclosure in the absence of any selective disclosures.

      . The information was PUBLIC
      . MNTA did not selectively disclose it

      So Regulation FD is not in play, period.

      As to the general comment about waiting so long for a PR, so what? The news was broken in a matter of minutes so unless MNTA could have acted far faster that that there was no point. I would be certain that they could not have issued a PR that fast, and I doubt they could have asked for a trading halt that fast (even if there was a reason to).

    • That is the most stupid comment i have ever read. News that moves the stock over 20% requires an immediate press release if not halting of trading, we will be lucky to not have a shareholder suit before 5pm. I almost bought at $17 first thing today since i could find no news thought it was just someone who needed out of a big position. if I bought i would have been lead plaintif.

 
MNTA
11.02+0.02(+0.18%)Oct 24 3:59 PMEDT

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