I don't have ANY IDEA what to expect from today's AH CC. I have 3K shares and I am somewhat fearful that they will come crashing down in value over the upcoming week. I fear all my gains from shorting FB will be wiped out by my Supernus long shares. I don't know how Oxtellar XR will sell. I bought this stock for the XR version of Topiramate--specifically to be used off label to compete with VVUS's recently FDA approved composite drug QSYMIA. But, the Top XR is not yet being marketed, and sales at Vivus are seemingly not doing too well anyway. And the volume activity with Supernus is low. And the MB actvity is positively, shockingly, non-existant. Vivus Pharm. is, in my opinion a sham company. But at LEAST it is not an abandoned one. So's thats why i'm a little scared going into this CC today. Yearn, I hope I'm wrong.
I'll tell you what's frightening here is the projected Cash Burn for SUPN. This is a company that has done two offerings over the past year, raised about $100M, and expects to spend all of it in the upcoming year? Cash is good through end of 2013? Huh? Then another offering?
I was a shareholder in Jan-Feb looking for a bounce after the secondary, but when the chart turned south I bailed out. At this point I doubt I will be returning soon.
You are mis-reading "cash-burn" which is not taking in account any cash from profits operations so assuming SUPN doesn't make $1 it will have enough cash to fund operations for a fiscal year, not too shabby really.
I wouldn't sell here. I am in the same position, I will buy more on a drop. It's really not that unusual for a stock to go down in price prior to earnings because there is always a risk before earnings