Unless Wilson and his team of nincompoops secure a commercial partnership before mid July (or indicate strongly that it is close), I am voting with FMC.
Vivus response to FMC screams naivete, inexperience and perhaps worst of all, self-dealing. FMC has laid out a reasonable and logical plan. Also, it would be nice to have the board more aligned with shareholder interests and one that is more savvy with regulators and Wall Street.
All FMC has to do is talk a good game and keep their sources close to the vest to get VVUS CEO moving with a potential partner. The stock will jump on the news, FMC bails and stock tanks down to single digits. FMC does not want to run VVUS, they want out with a minimal loss. Mark my words, it's true. FMC is posturing for a large dump on the open market. If I was a long, I would bail at the first sign of a pop in the PPS.
I have been one of the investors that said I was most likely staying with the Gold card vote and one of the reasons was due to FMC not telling us anything on what they would do. Now that has changed with the today's layout of FMC's plans. I also am waiting to see if a partnership will be announced prior to the meeting or maybe even a real good increase in script numbers. If not, I will have the opinion that current management and BOD's had their chance and will vote for the White card too. They have less than 3 weeks to get something done now. GLTA Vivus longs!