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Affymax, Inc. Message Board

  • a_rajalonghorn a_rajalonghorn Apr 14, 2013 12:14 AM Flag

    Riddle me this...

    The biggest thing that bugs me about this whole AFFY situation is if the stock is truly doomed, why is it that there are still 158 institutional investors with a total of 33,116,933 shares held or a grand total of 88.55% of the total 37.17 million shares. If they sold now, they would still be able to salvage at least $1 per share for a grand total of 33 million plus dollars. Every decision Orwin has made has been detrimental to the share price and helped TAKEDA immensely. But why would these institutions still retain their shares, write off for losses? i believe they have already sustained significant losses. Now i could be wrong and I am always open to that possibility, but it seems like multimillion/billion dollar hedge funds don't make stupid decisions often, at least not 158 of them at the same bloody time. So, what are they expecting that retail investors are unaware of? Is it possible that even though they have lost a significant amount of capital they are trying to mitigate some of their losses by waiting and hoping for the best or is some sort of deal in the works with TAKEDA. All suggestions to the questions posed are welcome, i just want to hear others opinions. Also, the numbers listed above are listed on the NASDAQ website and show to be current for 03/31/13 and I've checked the SEC website and no sales listed by these holders. check for yourself and correct me if i am wrong.
    FYI: AFFY is a very high risk stock with a all or nothing potential at this point. I personally feel that the rewards outweigh the risk and i am in a stable financial standing where the loss of my funds involved would not damage my long term financial standing. Please do your own research prior to investing in any company and never invest any amount of capital that you are not willing to lose. Good luck to all longs and the others on this board who post constantly, day in and day out with the utmost concern for common everyday folks (bashers), i look forward to ur personal attacks.

    Sentiment: Hold

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