Folks, these opps for long term real appreciation are not easy to find. ONXX would have been at the buyout price in a year from now anyway. The 52wk high was above $100 already... In 4-5 years, this stock would have made many rich, including me. Yes, it has been a nice run, and I made money. But this could have been so much better...Some (mngt) wanted their riches now, however, and were willing to take a MUCH lower price now on a buyout than have to wait (boy, do people hate to wait for stuff now days). Why? Because they could cash in on accelerated stock options and use that present value to just move on. That said, I will wait until the ONXX exits my account at $125 and move on. What a disgraceful decision by management. JMHO.. And GLTA
If there is any justice, a court will put a hold on the takeover for the blatant conflicts of interest and gross lack of fiduciary responsibility at every turn; You may not see that 125 for a while. The drumbeat of this case gets louder and louder. I will be glad to get back if the stock falls to 90.