The Globes correspondent must have been reading this thread...
One comment from the article: "Frost Gamma Investment" only owns 3.8% of PLX after the latest transactions, so Frost is not an "Interested Party" anymore and he does not need to report on his next PLX transactions. So I guess we will have no more posts from Rami and Quick about the chunk sizes of his next sells.
In many cases, early investors like Frost get off the board so they can sell as much of their shares as they want, without having further board-related access to material non-public information. Smart man. Doesn't matter to him if PLX tanks on non-approval. He has already cashed in.
All possibilities. We would be trading at $12-14 now with out his selfish selling. He has sold a lot of shares. He has to much to lose buy selling. He is a billionaire and Chairman of Teva. No way he sells unless he is certain of FDA approval. Guys FDA here is higher than ever. People were on it for over 4 months because of supply issues and no problems. Fact is he does not like the management and that is why he is selling. They went with PFE over TEVA. It is personal.
Dr. Frost selling in my book is only because the drug is getting approval. If it does not he would get his a*s sued off. He knows better than that. Rumor has it from people in the know is that he hates management and is moving on. Teva is not the buyer of PLX but many others will buy it.
Totally agree. Hurovitz said after plx decided PFE that it will cost PLX 1 billion in market cap for this decission....He knew frost will start selling ad indeed he started selling after the PFE and PLX agreement.