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XOMA Corporation Message Board

  • jckyhrs jckyhrs Oct 3, 2012 6:20 PM Flag

    xoma needs more money.

    4.6m from ge capitol

    Sentiment: Hold

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    • They always need more money-They got a better rate this time from GE only 10.9%. As has happened frequently in the past, they announced at the August 7 conference call they had enough cash and cash equivalents to take them to 2014- less than 2 months after that conference call they have to go borrow more at rates about what my grandfather paid on the NY docks. How does the "new management" gain credibility when they do the same thing the old management does. I would guess they had an unexpected shortfall- they couldn't have misrepresented their finances could they?
      I guess same thing happened on June 27 when the issued a PR stating they had begun enrollment in the uveitis studies. Now they issued a new PR stating they just started- I guess, the PR department is " confused" they couldn't have misrepresented that.
      Xoma- long on hype- short on credibility.
      just opinion

      • 2 Replies to stpetebum
      • Just thinking loudly; What if they decided to push xMet by their own?, because negotiations not prospered and/or they believe this is so huge its worth pursuing it. Just pure speculations. Best.

      • I can't follow you on this one St. Pete. Look, the government is artificially holding down interest rates to save their own sorry behinds.. I'm not going into it with you but the fact is you aren't going to go out in the business world as a risky biotech and get middle to low interest rates on a loan - not going to happen. On the other hand, the fact ge is loaning xoma money must say something positive about ge's outlook on xoma.

        Second, and i know i harp on this, 052 has been given to 4 patients for more than two years with no dose increase.Previously, each patient had disease exacerbations of between 6 and 8 times per year. All 4 have been exacerbation free for the 2 years they have been on 052. In addition, there is picture evidence of the miracle taking place in a patient with an outbreak. we have all seen it.

        If you listened to xoma's presser yesterday, varian stated he anticipated a BLA application in 2014. This is particularly good news. Now is not the time to doubt xoma, now is the time to understand xoma is closer than it ever has been to actually earning revenues. 052 works and it has been proven, therefore, the fact is each day gets us closer to the goal.

        Today xoma is closer than it has ever been to real success and each day gets us that much closer.

    • Very odd. Limp presentation. Maybe the Fabulous Baker Boys told him to get his butt out there and say something?

      Sentiment: Strong Buy

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