With this drop, its a perfect opportunity to buy calls before the priority BLA acceptance is announced, likely Monday. I agree that current management has done a poor job on both the BD and public relations side.
Thanks for pointing this out. You are correct I believe. We should hear any day now that the BLA is accepted and I would also venture to guess given priority review. With the recent beat down we could see a dollar or two bump on the news. Time to load up on some November $12 calls.
looks like the Dec $11 calls are where the action is today. The bull case is priotity review, and or BOD fears investor law suit and puts IMGN up for sale to the highest bidder, or throws Junius out and hires Pien for turnaround, although all current BOD members should have known IMGN was not being 100% honest with shareholders. Has anyone reviewed the 8k to see if there was a material misrepresentation.
Bear case is law suit, no priority review and no BOD action. Shorts may use a law suit as their exit plan, but the suit might backfire and force BOD to sell, locking in their losses. Prep for increased volatility IMO.
what we need is for shareholders to contact the company and BOD members and go to the annual meeting and tell them H-No on increasing the share count, no new executive option grants, consider all options to rapidly improve shareholder value/meaning, put the company up for sale to the highest bidder, not to the company that agrees to keep the execs employed, but to the company with the highest bid.