Really. PBTH hasn't sniffed 8 in over 3 years but you considered it an investment??? So that is not managements fault, csco was 55 once too. PBTH was grossly over priced in 2010 is all, as csco at 55.
OPKO made all those moves drooling at buying pbth??? REALLY. OPKO positioned themselves in 11 countries, has bought 5 patent libraries, finagled 3 phase three studies, created a diagnostics division, and a pharma division, managed break even earnings last quarter all because of a wanton desire for PBTH. What was I thinking? I thought OPK was developing an international marketing channel all these years, not realizing it was a covert PBTH master strategy. I guess OPK has no need of their near completed phase three studies or partners in Brasil, Africa, Chile, Mexico, Spain, Russia, Canada, etc. etc., England, Ireland, Scotland, ETC., Etc., I USED ETC., cause I usually forget a country or too, See Israel, etc.,
Yes opko had a plan to build out a global channel for one phase 3----2014-2015 launch. Oh yah, and develop that one patent portfolio, PLEASE.
The better question there is why did they raise all that money for Phase III knowing they would do this? Had they not put all those additional shares on the books at $5.00 we would have gotten a lot more per share. Would love to have a shareholder list in that last deal. Well that one and actually even more so the private placement they did at like a 35% discount right before they uplisted to AMEX. That was so blatant I can't believe they were not raided by the SEC right there. Everything they have done here since they were OTC has been questionable if you ask me.
These guys are looking for a free ride. No use trying to reason with them. Simple math doesn't make sense in their feeble minds.
If they really thought OPK was overvalued, they would accept the merger and then sell their shares to invest in another stock. WHAT INVESTER walks away from a 11% or more instant bump ona speculative biotech stock? Only #$%$...
If PBTH were worth $10 everyone would be buying at these levels... but guess what? No one wants it. The market sets the price. The lawyers can't do #$%$ and won't get anywhere with this #$%$ that's been spewed.