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La Jolla Pharmaceutical Co. Message Board

  • seattletechbio seattletechbio May 8, 2013 11:05 PM Flag

    Got Out Today 100K+ Shares

    I sold more than a 100K shares today. I just have a couple of thousands shares left that I plan to sell once the trial results are out. I don't like the tone of this reverse split going on. I rarely see a habitual reverse split addict biotech company that suceed. Look at CTIC and the now bankrupt GNTA they all went nowhere. This will follow the same pattern.

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    • Phase 1 data for safety is coming out in the next 2 weeks. A recent article in Seeking Alpha proclaiming La Jolla to be a potential buyout suitor for Abbott I just don't know why you would sell now. Phase II trials expected to begin within 3 months if Phase I data looks good. Then partnership becomes real possibility. Too much upside potential to get out at this low a price.

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