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Affymax, Inc. Message Board

  • bullcoach_1 bullcoach_1 Apr 10, 2013 9:39 PM Flag

    Just saw news

    I don't even know where to begin or what to say and what I will do, I need to rethink this tonight.

    Sentiment: Hold

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    • Bull let me know what you decide on. Im on the fence with this now. Lost quite a bit.

      • 1 Reply to nicnac1027
      • I'm down quite a bit and not sure what to do at this point.

        The recall of OMONTYS has severely harmed the Company’s business, financial condition, and prospects as a going concern and even with the transition of responsibilities effectuated by the Amendment and the further reductions in force, these planned cost reductions may not be sufficient. The Company continues to take steps to reduce its outstanding obligations to third parties, and is dependent on those efforts to continue operations even in the near term, which may not be successful. The recall has also limited the Company’s access to funds. The Company may be unable to continue its operations or to defend the existing and potential future litigation, particularly with the planned reductions in force and in view of the Company’s limited resources and funds. The Company may continue to explore various strategic alternatives, including a sale of the Company or its assets or a corporate merger. The Company is considering all possible alternatives, including further restructuring activities, wind-down of operations or bankruptcy proceedings.

        oh boy, another sleepless night while I think.

        Sentiment: Hold

0.061-0.0088(-12.54%)Aug 26 10:53 AMEDT