yes, feb and march has those on the board and Frost buying up the shares, good sign. They can control the issues better and capitlize whn it goes higher......Long term a plus, for us long holders.
I wonder where you get your info re: INSIDER BUYING--Yes they bought all those millions of shares BUT when I did the math on the purchases they actually paid about 3.5 cents per share when the stock was about 8 cents/share. I may be wrong but I don't know how they can issue THEMSELVES shares BELOW the price at which the shares were trading in the public market at the time. Gave themselves an instant paper profit of over 100 Percent. Also, I think that a big motivation was to pay themselves that those low prices in lieu of having ALQA paying THEM $12000/month rent to sublease the office of Harborview for 2012.
As for Dr Frost, where did you see that he purchased more shares in the last month or two? His purchase arrangement involved a clause that if the company issued more shares then his shares would not be diluted---but I don't see where he made any new purchases.
PLEASE CORRECT ME IF I AM WRONG. I WISH THAT I DID NOT BELIEVE THAT MY BELIEFS WERE, INDEED, INCORRECT-I WOULD LIKE TO OWN THE SHARES BUT MANAGEMENT JUST SEEMS TO KEEP DOING "FUNNY THINGS" IN MY OPINION ONLY!
In addition to my last reply. Amgen was not the only one who did that in its infancy, start up stage with one builidng. Now look at them....lol. I also worked for 2 more biotech startups who did the same thing as ALQA is doing now. There are many of us in the industry that mades some serious grren in the old fun days. Heck I retired at 42 years thanks to these companies. But am getting bored, time to find another start up, they are awesome to work for. I have been staying on top of Alliqua for that prospect..as others, nano scale biotech is the wave of serious payscales.
What do we think of this? Another 40,000,000 shares eligible to be thrown into the pile.
209,073,863 shares and counting.
Frost was involved when the stock was trading in the high teens, fyi.
I absolutely agree with you regarding the additional 40 million shares that can be issued. An additional 20% dilution. I do understand that a company that has hardly any assets/cash needs to try to induce folks to help them in their attempts to start up the operation. BUT, I find it very abusive to pass this additional 40 million shares RETROACTIVELY. That is to say, they passed this resolution on December 19, 2011 and made the shares that they can issue retroactive to November 8, 2011 as I read the SEC filing. This behavior seems totally "out of line" in my opinion. In large part, some of the "insider buying" could be reimbursed by the company as I read this. Please correct me if my interpretation is incorrect!
I actually think the company has some great prospects but having a failed PIPE fund manager as President and Director (and another one as Chairman) makes no sense. rosenblum is up for election, VOTE NO!
I suppose that billionaire Phillip Frost, MD (CEO if TEVA Pharmaceuticals) is also part of the scam according to your reasoning. I would suggest that you rethink your position OR perhaps explain in more detail the reason for your conclusion that this is a scam.