"Maybe, just maybe, the people on this message board should show up at the annual shareholders meeting and ask Slim some questions in person. Instead of the usual retired people, a few younger active investors who want answers would make for an interesting meeting. "
and, I would add, at the shareholders meeting we might at least get some refreshments, which is a higher return on this investment than we may eventually end up with!!!
mtmanicotti, unfortunately I do not have clearcut information regarding the new mfg. facility, except what I have picked up from Annual Reports, Form 10-Q's, etc. Trying to get decent data from these clowns that represent us as BOD's, is almost non-existent. And judging from the overwhelming negative posts over the years regarding Sim Fass et al, about his management, or lack of it, no wonder the stock is mired in the doldrums!!
But to get back to your inquiry, I have three basic scenarios I will share with you as follows:
1. Teva which is very involved in Israel and as everyone knows tried to acquire BTGC last year [now Savient], but the deal fell thru. Teva had its eye on this new facility to utilize it for in-house products as well; or else, why would Teva want a very small company like BTGC in the first place?
2. Why would BTGC spend 40-50 or maybe 60 million to build this facility only to transfer production of its products after receiving all necessary regulatory approvals, without there being other major considerations here?
3. When Savient announces that FDA approval has been finally granted, and hopefully, will then announce to the world by a "headlines" what they really feel the new facility will do for our company, I believe it will have an immediate impact on the stock price, as well as improving earnings for the future, by its full utilization. This new plant facility thing has been going on since 1999!
The bottom line here is very positive. However, bear in mind that all I have stated above is nothing more than IMHO! It is generally o.k. to read what other posters have to say, but when it comes down to spending your money to purchase shares of stock, PLEASE do your own DD!
of the manufacturing facility has been in the works for some time. I vaguely remember the problem being that Israel is in a travel restricted area for US govt. employees. (Don't slam me about the Jewish thing or anti semetic, I'm simply restating something that was stated a coulple of years ago as to why the plant approval was taking so long). At any rate, the approval has taken way too long without any further explanation from the company. I have a difficult time believing what Sim says these days. I used to be a pretty big supporter of his but he has lost credibility with me. A CEO change wouldn't hurt.