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Arena Pharmaceuticals, Inc. Message Board

  • hobbybill Sep 5, 2013 10:17 AM Flag

    Contacted Arena IR with the following post.

    What can Arena management do about the stock's poor performance? Our competitors' stock price rises on our good news, when their CEO resigns, and when one competitor has no product to market. Then the stock muddles around lower highs for the last six months.

    I thought Belviq sales were the answer but this has been disproven with weekly sale increases offset by the incomplete SEC filing on APD811 and subsequent refiling and naked shorting of the stock. Then, I was reminded by The Street (finally-some-great-news-for-amarin-at-arena-pharmas-expense) how bad we are doing.

    Oh ! My broker points out that I have lost $300,000 plus this year on this stock. I tell him to be patient, there will be a buyout by big Pharma or Arena management may issue a dividend to stop the naked shorting and failure to deliver - then I will recoup my losses.

    I am disappointed that Arena management has not used the tools available to mitigate or stop naked shorting and fails to deliver. What is the long term plan, I don't see it. What is Arena's long term goal related to share price?

    I look forward to the CEO sharing his vision for increasing shareholder value in the near future.

    Sentiment: Hold

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