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Affymax, Inc. Message Board

  • sutton7michaels sutton7michaels Jun 19, 2013 8:56 PM Flag

    (Affy )Have $53.84M in Cash & isn't filing B/K

    Balance Sheet
    Total Cash (mrq): 53.84M
    Total Cash Per Share (mrq): 1.44
    Total Debt (mrq): 8.02M

    Sentiment: Strong Buy

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    • For some reason, there seems to be a fear amongst investors that the cash per shares simply goes away, either through litigation in a worst case scenario of Omontys safety, or by virtue of some luniacal impression that cash cas just be taken away from the stock holders (owners) of the company with no explanation.
      I choose to think that Omontys is not going to get slaughtered with litigation because I choose to believe that Omontys is not the issue at the heart of the problems. But that is simply my judgement. Either way, I see cash value per share as a reason to buy here, even in the worst case scenario. Others (godwinpeak et al) do not. We'll see who wins.

0.0785+0.0175(+28.69%)1:36 PMEDT