Spectrum management to meet with Roth Capital:
Meetings to be held in Boston on October 17 and in New York on October 18. Someone acquiring Spectrum from $25??
Sentiment: Strong Buy
Could be many, many reasons, however, Raj made it abundantly clear in that "Propthink" interview that they were fine with their current portfolio, so, I doubt this meeting has anything to do with another acquisition. Who knows, maybe big pharma is interested in taking a position in a particular drug in their pipeline...There are several drugs in their pipeline that I would imagine, at least someday, some big pharma is going to be mighty interested in grabbing a piece of and moving forward with trials(as was seen with Allergan and APAZ)....
we should hear something on October 19th. If no news on Oct 19th then it means they decided to announce it during conference call. I think there is a major investor taking a big stake. just gut feeling.
Roth Capital has an excellent track record in identifying exceptional companies with significant long-term growth prospects and assisting them in mergers and acquisitions with high premiums.
Analysts keep strategic background information confidential and will embargo news pending an announcement or press release.
Roth Capital Partners' corporate headquarters is located in Newport Beach, CA. About 15 minutes drive from Spectrum's office in Irvine CA.