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Avanir Pharmaceuticals, Inc. Message Board

  • soxxboundwekill soxxboundwekill Oct 24, 2012 7:04 PM Flag

    Avanir Has a FACTS Problem

    You have a company with $9 million in revenues and $15 million in losses every quarter that has somehow garnered a $400,000,000 market cap. How can you lose over $60 million per year and somehow convince shareholders to give this a $400 million dollar market cap? It's easy, you litter the message board with paid pumpers and you have hedge funds get involved with outlandish price targets just so they get paid everytime this company dilutes shareholder value.

    $400,000,000/132,000,000 shares = $3.02
    $400,000,000/138,000,000 shares = $2.89
    $400,000,000/200,000,000 shares = $2.00

    This company has a shelf registration to take this to 200 million outstanding shares and if their past is any indication of their future you have to factor that in to the share price. Further dilution has ruined this pig and with the same market cap look at where this stock could be.

    Remember the good old days when we had 87 million outstanding shares in 2010?
    $400,000,000/87,000,000 shares = $4.59

    Date ------ Outstanding Shares
    Sep 2006 -- 30,634,872
    Sep 2007 -- 39,643,876
    Sep 2008 -- 58,901,030
    Sep 2009 -- 78,844,251
    Sep 2010 -- 87,614,420
    Dec 2010 -- 108,396,709
    Mar 2011 -- 121,635,339
    Jun 2011 -- 123,354,986
    Sep 2011 -- 124,325,299
    Dec 2011 -- 132,467,537

    ***Quarterly Losses***
    Q1 2012 -- NetLoss -- $(15,946,157)
    Q2 2012 -- NetLoss -- $(17,050,116)
    Q3 2012 -- NetLoss -- $(15,030,214)
    On track for another year of exceeding $60 million in losses.

    ***Annual Losses***
    2005 -- NetLoss -- ($30,606,564)
    2006 -- NetLoss -- ($62,552,814)
    2007 -- NetLoss -- ($20,933,453)
    2008 -- NetLoss -- ($17,495,739)
    2009 -- NetLoss -- ($21,996,016)
    2010 -- NetLoss -- ($26,694,148)
    2011 -- NetLoss -- ($60,631,563)
    2012 -- NetLoss -- (Over $60,000,000) Estimated

    The company has never been profitable with Katkin at the helm and has continued to use shareholders as his personal ATM.

    With horrible script growth and more losses getting reported in November look for a decline back below $2 per share just like what happened during November and December 2011.

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