You didn't address the question to me but here are some ideas:
1. Recognize that the current management of ALKS has lost credibility with the investment community, specifically the institutional investors who hold the stock and have no choice but to continue to hold most of their positions while they slowly feed stock into the market. This overhang is one of the reasons the stock is unlikely to move above its current level for the foreseeable future.
2. Create a management/board committee to explore "strategic alternatives" i.e. a buyout by a pharmaceutical company, private equity firm, or boy scout troop, whomever.
3. Retain a bulge bracket investment bank, Goldman, Morgan, et al. to assist in the search.
4. Sell the company and send every one of the hand picked directors who have apparently exercised no oversight or guidance on executive compensation back to the golf course. As for the ALKS executives, well, why don't we send them to Nektar.
This company will never realize its potential with a management that has determined to loot it and insure that they receive compensation that is all out of proportion to their performance and fails to create shareholder value recognized in the marketplace.
short term there is little than can be done. but IMO there is a strong case for a class action suite over the failure to adequitely and timely inform investors of the auditor's warning and reason for their firing. Letters should be writing to the SEC to start the process rolling.