I just looked back in. Nice end of day. Gee guys, I’m sorry it was such a stupid question. Didn’t someone post earlier that Takeda read the YMB. Hasn’t this company already demonstrated its belief and confidence in Omontys? Would it really be that out of line for them to announce they had purchased 30, 40, or 50% of the float on the open market in the last 10 days? Just to be share holders not owners. That would be a 13D filing and is required when 5% or more is purchased. Any of you remember this…. “Deerfield President James Flynn disclosed ownership of 3.5 million Questcor shares, or a 5.8 percent stake in the Anaheim, Calif., drug maker. Deerfield Management, which specializes in health care-related deals, is now one of Questcor's largest shareholders.”…… Gosh, Mr. Flynn you’re an idiot. Everyone knows you have to file at 5%.
It's simple, because your premise is flat out wrong. Takeda could NOT have purchased the whole float for a $1 or less. Once a sh/h hits 5% they have to file. Once that became public, the price would rocket up with the investing public knowing that Takeda was the purchaser. Furthermore, with T having considerable insider information on AFFY, its purchases are heavily regulated as to time, disclosure and amount.
So your statement exposes either your idiocy or your blatant attempt to bash the stock for personal gain.
Sentiment: Strong Buy
Might be insider trading to do so since AFFY value is very dependent on non-public info and decisions in their control, so maybe they would pay more in order to avoid committing a felony.