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ONYX Pharmaceuticals, Inc. Message Board

  • cybercash28 cybercash28 Aug 7, 2013 3:59 PM Flag

    BAD management...

    No communication. I usesd to work for a company that we care so much about shareholders. I worked often with the VP of communication and ALWAYS watch out for news, etc....

    Bad bad bad...

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    • Everything is just a rumor! First PFE is out, then PFE is in. Then some other name thrown around. Then some numbers. Nobody knows nothing and people who know are not saying...So, I'd say the only thing we can do wait until tomorrow CC and learn more. I've put my trust in DR Coles 3-4 years ago and so far he has not disappointed me and I don't believe he'll start now...
      When the initial bid came to light I immediately wrote that the most ONXX will get is $135-$138, but most likely $132 (10% over initial bid). While some people put here numbers up to $175 and appearance in the last minute some knight in shiny armor (and with offer over $130) is possible, so far it has not happened.
      So I'll just sit quietly and wait until final decision is made. Anyway it seems we are in correction mode right now and any further purchases would be smart to delay until dust settles.

    • ONXX had said there will be no communication regarding negotiations until deal is done (or deal is not done). I don't think they can or should communicate in the midst of negotiations. There will some who will win and some lose if they start talking...

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