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DARA Biosciences, Inc. Message Board

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  • woodbarn woodbarn Nov 8, 2012 4:48 PM Flag

    On it's way to the .50's

    When DARA traded above $1 during September-October it re-established minimum bid requirements. Since it fell below again, I guess DARA has another 180 days to get stock above $1. Maybe company should have not cancelled reverse split meeting.

    Mitch2bdog, hope it works out for you, but it is like investing in lottery tickets. Hope you diversify and invest in some better companies. I do not expect much from DARA's earnings report which will probably come out next week. Company burned at least $1 million-$2 million. Some SEC filing at end of September said they had in excess of $8 million cash after $1.2 million warrants excercised. Company had around $8 million cash last quarter.

    Anyway, I think Soltamox is mostly useless drug and pipeline seems pretty weak. Generic cancer drugs seem pretty competitive. It will take around 3 years to get generic Gemzar approved after filing.

    I have no position, long or short, and no desire to take one in DARA.

0.00(0.00%)Dec 4 3:59 PMEST