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Astex Pharmaceuticals, AŞ Message Board

  • bucketlist88 bucketlist88 May 20, 2013 7:37 AM Flag

    CEO must need the money

    CEO has elected to cash in on options every chance he gets. He must have an awful accountant. Short term capital gains, get taxed at the highest Fed tax rates, but this CEO lives in CA and has to pay 10% on top of the federal tax to the State on short term capital gains. Must want out pretty bad to accept a 46% Fed and State combined tax rate on these gains.

    Things to worry about:

    CEO/insiders cashing out
    Abingworth cashing out
    SGI-110 maybe a second line drug
    Dacogen generic on the way
    Burn ramping up
    LEE-011 4 trials still not underway
    Pumpettees who are seldom right....predicted $9 a share
    ASTEX share price has to rely on a strong stock market
    Pumpettees admit they are dumber than a third grader

    Things to be thankful:

    Pumpettees not teaming up at 3am
    Pumpettees only down 18.9%

    Sentiment: Sell

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