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Synta Pharmaceuticals Corp. Message Board

  • tomsel12 tomsel12 Aug 20, 2010 2:37 PM Flag

    cash is king

    ...remember the old saying...and SNTA is fast running out of cash. In the drug business, cash = staying power, and SNTA doesn't have it.
    Even if they have great potential drugs in the pipeline, they won't be able to capitalize on them if they don't have the cash. Somebody will pick them up cheap, and current stockholders will be left holding the empty bag.

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    • Synta is in good shape and I am anticipating a potential takeover. There has been too much buying by insiders to prove to me otherwise. I watched insiders do the same thing to Isramco when it was a dollar a share. People thought I was nuts when I bought American International for one dollar too, paying off Florida property with gains. All I'm saying is the insiders didn't pay four dollars to see a loss. I was going to make a third buy today only to see the stock move upward and not enough shares made available. Insiders were buying for much more than that earnings report, something is up. I'm waiting patiently and will use stop losses after the move.

    • donmoore8 Aug 23, 2010 6:28 PM Flag

      Gosh really? Maybe you should call all the officers and directors of the company and share your observation. They apparently know nothing about it and have according to you foolishly bought 10,000-20,000 million in stock with their own money in 2010 buying SNTA Stock and only sold $12,000 worth! I am sure they will be crushed.

    • I'm assuming you don't believe management when they said they had enough cash to last into 2012 and the fact that they are seeking partnerships.

      But who knows, may be the drugs fall flat and they disappear. That's why it a spec stock.

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