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Spectrum Pharmaceuticals, Inc. Message Board

  • bnewmoney bnewmoney Apr 1, 2010 10:25 AM Flag

    No Material Information

    If they had material information, it would have been released by now. So there is no bad news lurking out there waiting to bite us longs.

    However, this delay is unfortunate. It's forced some longs into selling and raised questions about the company's management abilities.

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    • Bnew, the true longs already have the managements incompetencies factored in, so that wouldn't effect our motive to sell today....we are accustomed to this. We once again are looking the other way for more aspiring positives, like the potential of SPPI's four product platforms!

    • I'm not sure that the issue is non-material - they've already indicated that losses will be greater than expected, it could be the delay is attributable to challenges in determining the appropriate scope for those losses.

      I've hedged my position a bit by selling some shares first thing this morning - will be interesting to see what happens and what the reaction is. On the plus side, if it's in the hands of the auditors, it is likely that a tight lid is being kept on any potential information, which could explain why we haven't seen much in the way of pre-release price movement/leaks.

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