ARNA management continues on their path of self destruction. I am Long ARNA but very angry at what was one of the worst CC I have ever listened to in ANY stock. In addition to dropping a bomb regarding EU, and not giving any explanation, they also did not give ANY revenue guidance for Q2 or Q3.
I have lost all faith and trust in JL as a CEO and he has left the owners of the company out to dry. He is a disgrace as a CEO. I have defended him for a long time on this MB but his actions, and the actions of the company, are inexcusable. Time to vote him off the board. Annual meeting coming up soon...possibly time to start a move to remove the idiot(s).
what am thinking now with no forward looking statements is we just might see another secondary like last year around 5.50...The cash burn is great and nothing in sight about the dea and the 65 million from eisai...He needs to go and audit also he failed at his mission to get eu approval
And exactly what revenue guidance would you like him the give?? One that he makes up? What would be the source of this revenue that you so craze with no product for sale? You are just plain stupid. Sell your shares and go by Afflac or something. Idiot!
If he was in fact telling the truth AND was in fact in constant communication with EISAI who allegedly is in contact with DEA, then provide guidance as to when they expect/estimate DEA scheduling and which quarter it will be recognized in. No news indicates they are NOT in constant contact and have no clue. At least admit it and say we are unsure but expect scheduling by x.date. Totally expected to estimate future dates, that is their job.
If retail, or a substantial number of retail, speaks with a single clear voice, there is power. An activist shareholder, say Whitworth (Nardeli killer at Home Depot, now board chairman at HP), wrangles board seats on a company with an ownership position around 5%. Retail here holds over 10 times that metric. Any suggestions on how to organize?
I can not blame you bit. We were blindsided and have every reason to be #$%$. If they do not have a partnership to announce soon, which I highly doubt, there is a lot of explaining to be done. My fear is that when this explaining is done, we get another bomb shell. Costly trials with the EU being a few years out. I am hoping for the best but not counting on much here. Time for the DEA to fly in for the rescue.