Guys we don’t need to call each other idiots. Sorry about the negative statement earlier. Hang in there but be realistic.
The buyout for Richard Klein mad sense to me. Hes an opportunist who is now in the rear view mirro for a set price. If they had potentially gone to court, it could have been a much bigger ruling for Klein due to the sue happ, logic-less nation we live in. All of us should have been trial lawyers because they all live to settle on the courthouse steps to avoid an actual tria and the costs associated with it. Being a trial lawyer is being all about settlements that force people to make decisions to limit liability. The laywers always get paid from the settement, so go figure. We saw OJ get off right? OMER limited loss for a price (3.7? mil)that probably would have come close to the amount they would loose in lawyers fees for a trial defense.
OMER just released a statement saying they are going to dilute the total number of shares (destroy value in, we saw this happen already) at unknown future times to raise 60 mil in capital. So who the heck is going to pile up on a stock at whatever price it’s at now when a sell could come at any moment that will crush that persons entry price? No one.
Omer doesn’t have enough cash they have no significant revenue stream and the FISCAL CLIFF will potentially destroy the federal budget for new drug approval going fwd. This will only increase the amount of time it takes to get drugs approved for market and hence the time it takes for OMER to show a revenue stream.
Omer is all about bad timing with public statements but this is a revenue less bio tech so be ready to take some blows.