GREAT NEWS FOR ARNA -- VVUS Being Taken To Court For Having No Marketing. LINKED
Yahoo Finance 5/7
First Manhattan Co. Releases Case for Full Board Change at Vivus
NEW YORK--(BUSINESS WIRE)--
First Manhattan Co. (“First Manhattan” or “FMC”), an owner-operated investment advisory firm and the beneficial holder of approximately 9.7 percent of the outstanding shares of VIVUS, Inc. (“Vivus”) (VVUS), today filed a presentation with the Securities and Exchange Commission (the “SEC”) entitled “VIVUS – Why Change is Needed Now.” The presentation details how Vivus’ Board and management have repeatedly failed to successfully execute Qsymia’s launch.
Totally unfair expectation of a management that specialized in programmed exercising of their options and selling them into the market. When management is busy selling its shares, it's hard to focus on marketing. Actually, they were advertising, "we are selling our shares. why aren't you?"