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Affymax, Inc. Message Board

  • jd5216 jd5216 Aug 5, 2013 11:59 AM Flag

    If it's found to be human error and O comes back

    2 questions,if AFFY gets bought could they get $20 a share,and if it elects to not high high can this fly with this tiny float? I'm thinking this could keep running to $30-$50 with their low float...

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    • jd, until a "going forward" contract with Fresenius is done (or if already done, made public) it is not possible to know what the buyout number would be. Obviously with F in tow (as the largest dialysis company) the buyout would be significantly larger than without them as a channel for Omontys. But there is substance to your point...As soon as this news is made public (and assuming Omontys is returned, which I do believe strongly), the extreme short position (down from 50% to about 25% in recent weeks) will be in a huge short squeeze and that would push the price up in and of itself (especially since Affy does have a relatively low float).

 
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