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Omeros Corporation (OMER) Message Board

  • scubamoe scubamoe Nov 12, 2012 4:30 PM Flag

    WTH just happened?

    Anyone, other than the guy who types haw all the time, have any ideas or comments?

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    • Well, I don't know but it seems pretty obvious that paying out 4 million dollars to a whistleblower clearly implies a distinct fear of what might be revealed had his case gone to trial.

      Why, who knows what kind of dirt some enterprising investigator might find were they to poke around OMER's history?

      Not to mention the 10 million dollar a quarter burn rate which is bound to accelerate dramatically as further trials are initiated.

      And, of course, everyone knows what that leads to -- more secondary offerings.

      That's even more true in OMER's case since they currently lack any partners and don't appear to have prospects for any in near future.

      And don't forget that balance sheet with the 15 million dollars in notes payable and the other liabilities that end up giving a shareholder an equity of NEGATIVE 2 cents a share.

      Personally I find it difficult to rationalize a price over a penny a share at this point.

      Sentiment: Strong Sell

 
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