sold some today and into MGM, I have followed and owned this company in and out for 17 years and it was always the hope to get a product to market, saw so many phase III failures (stock in the 40's back to single digits) We finally have a product and we sit at 14. Is the "scare" over the analyst's thoughts on the toxicity of the product real? Maybe if we had a mngmt team that could have had a strong response, or maybe now sell the company as one that has technology that works and look for the big pharma buyout? None of this is happening at this company. I will still gold a few thousand shares in the hope of this one day will happen, but a big chunk will go away today at a small profit.
Good point Chris. Actually too many investors are hyper and if they have a problem with top dogs running the co. they should invest in other names. One fellow named Oppy or Top exec. is such a Top Downer on IMGN he should cut out to prevent high blood pressure and living on line to make his complaint posts every hour on Investor Village.
current management is "that bad" but technology, pipeline, partnerships sum of parts are worth far more than the current price, because wall street believes management is not strong. Holding for/until acquisition.