Unlike yourself who gives himself a $300 raise for reducing the SP by half, and winning the the prize for the most lies on this board?
What makes you sure this situation will change? SP is now below that of where it was after the J&J deal was inked in fall of 2014, almost 2 years ago. Our CEO's MO since then was to keep a lid on SP by threatening a dilution funded acquisition during all of 2015 and recently has reiterated his intent when he finds a suitable candidate. Add to this that he said there will be no milestones this year nor trial mid-term results shared with investors , he's pretty well KILLED the SP for the remainder of 2016. Why would any CEO act so destructively towards SP value? His $6mil options exercise price was set for $5.80, perhaps the buyout price he's already inked with Janssen. He hasn't been good on his track record with CHMA either. The self appointed pay raise this year givien the 50% haircut since Dec is reckless selfish pocket stuffing grab on managements part.
Annie tell Chippy to take that $300 cash raise he just gave himself this year and buy some market shares of Gern. As an investor it would make me feel somewhat better knowing he feels some of the pain he has inflicted on Gerny shareholders.
Our CEO seems to be the kiss of death on anything he touches. We are still recovering from a premature senseless 2014 public offer and now he wants to do it again for some acquisition he doesn't have the foggiest on yet. How can these people get away with such blatant disrespect for shareholder assets?
Okay so J&J effectively controls and owns everything around Imet. Then why put us shareholders through this Scarlet letter hell and just make an offer or exercise the one BM claims he's already made behind our backs ?
Lacey you're certainly right on the $5 ceiling this stock seems to drop down from every 6 months during the last 3 years. It is being repressed for some nefarious reason and as a shareholder I'm NOT happy at all.
With Chippy's lacklustre timeline endorsement of nothing till 2H and as far out as 2018 for possible approvals or milestones. That and his continued overhead threat of dilution under an acquisition guise, to me has become the single most viable & salient reasons for this low SP. What could his agenda be? Keeping it down for the men with the big Johnson's. And we ain't talking Donald's Trump here.
Haven't you heard of buyer's remorse? Gern promises to deliver on Imet but does' ton SP. Who knew the two were mutually exclusive?
There is never a time to sell in your books. Unless you print your own money or are lying you always appear to be adding never selling.
The last time they spoke did you you see the SP? Careful what you wish for.
I would rather hear a positive continuum statement from Janssen