Issuing more stock. Are you kidding me? Diluting share price for all those investors and employees who stuck with this outfit in the roughest of times. Are the board and the idiot running this comany at WAR with the stockholders. I can't see how this could be any worse. THE most exciting drug/delivery system in YEARS, just approved in a relatively strong stock market, for the past 2 months anyway, and its up...what 30 percent??.. and now getting DILUTED.
AMLN new slogan...."Thanks for your support. Don't even think about enjoying any profit. We just f#$ked up your wet dream."
I guess management and the board need to make sure the company has enough cash on hand so they can keep getting paid their huge incentives, year in and year out. I just want to know what our supposed activist investor Carl Icahn thinks about what's going on at Amylin ?
Ive been sitting on the sidelines looking for an entry into AMLN. As of yestrday i started a long position , encouraged by the fact that the offering was bought up - yesterday volume was caused by significant buying interest.
Im not blinkered by what happened in the past with this company but you seem to be. You should either get out of your investment or quit whining on here 24/7 - you seem to hold some resentment that you never took some profits when it was $50+ - that was ur decision and you need to take responsiblity for that.
What the company are doing now is classic biotech - they are bolstering their cash position with the secondary offering to ensure they have the cash to bring bydureon to market - tgey no longer have a major pharma to help them do that . This is in the best interests of the shareholders - i.e. you & me.