told you IDIOTS so! morons and imbeciles. oh yeah whoopee the "cash value"... only problem there is that tspt management plans to blow a chunk of that cash on some new clinical stage disaster. Here's the quote "Management was clearly downbeat during the conference call on Wednesday, May 8. They indicated that they would use the company's strong balance sheet to acquire new assets that were not defined.
So whether tspt wastes $40 mill cash or issues $40 mill in new stock, the cash value will instantly disappear and the price will adjust lower.. who the faaak wants to wait another 5 years in development. it took tspt more than that on intermezzo and it is a HUGE FLOP. Only thing management wants is to continue their large salaries and perks... So in order to quash the calls for liquidation, management will simply invoke a poison pill and quickly institute some worthless cash or stock merger. ENJOY waiting another 5 years for another intermezzo disaster!
along with a $7 million cash burn per quarter, management has also committed to buying out another development stage company.. watch soon as tspt issues $40 mill stock or cash to buyout some clinical cripe company. Along with such expected news, the cash value per share will disappear like a fartie in the wind
watch as $7 MILL cash gets burnt off per quarter.. gonna be ugly.. a bad sales start for a drug means a FAILURE.. you cannot rebound from an awful launch. but don't tell management that since they are unwilling to give up their large salaries and perks. $500,000 royalties ? ahahah.. what a laugh.