Typical of Yahoo MBs for the retailers to bad mouth the CEO if/when the stock PPS tanks.
I think the only ones who have made any serious money here are the hedgies that try to make money both ways. The recent short covering of +4M shares was probably from hedgies that bought into Spectrum 2 to 3 years ago and paid $4 to $6 a share and then shorted it last year when it started running over $13. Now they cashed in on their short and are going to want to make money on their old long position by eventually running the stock back up to the mid teens. Won't happen over night but anyone who really wanted out has had ample time and opportunity now.
All in all Raj has done a good job at Spectrum. His only mistake was that he should have kept his mouth shut about trying to predeict Fusilev sales and at least tracking IMS data before making bold statements. It made him look like a fool but it doesn't erase all of his past accomplishments. I'm pretty impressed with the Spectrum pipeline. There are one trick poney biotech stocks out there that don't even have a single FDA approved drug with market caps about the same as SPPI.
biotech- Pls see the thread on $90m loss that Raj caused investors by pumping and releasing misleading information to the market.....of course all the while when had set up his trading to sell stock ...and $8.8m of it. This is the worst CEO IMO...If a public officer has questionable ethics, why would anybody invest in this company. Just listen to his materially misleading statements on Fusilev , OVER AND OVER again, in at least 10 conference calls , he kept releasing misleading statements on Fusilev....and he had his trading plan to sell SPPI at $12.5. The stock price would never have traded $7 if the correct information was provided to market and investors(suckers) like us back in Q3,Q4. In fact I bought shares during the same time he sold at $12.2.