So I bought them.
this is just a distraction...a big kabuki dance....
Hillary indictment ...nope
she's just a front for the globalist cabal. When they are through with her ...they will dispose
what's left of her.
Look at the Clinton body count ....somebody behind the scenes is protecting her.
That can't go on forever. George Soros has gotten his money's worth.
saw that on infowars /alex jones...
She definitely has seizure activity when startled. Also early stage dementia.
She is 69 years old with a history of brain injuries ....
Another aspect not clarified by the TMF article is rather basic: Why would Baupost file the 13D yet as it has not yet taken possession of the shares? Well, as the same 13D says, following the raised authorization, the converts can now be converted entirely and only into shares. This can happen at any time, at the sole discretion of Baupost and without any additional cost. That's why Baupost can be deemed to already have the whole voting power associated with the potentially converted shares and had to file a 13D.
According to a 13D filing, Keryx' (NASDAQ:KERX) major shareholder Baupost now has the "shared voting power" of 59,214,137 shares. As the previously reported stake was much lower, the buzz on message boards and articles on several major news sites, including Reuters, seemed to indicate a massive increase of Baupost's previously communicated stake.
I had been tweeting about this all day long and finally, after the bell, TMF published the real story behind the "stake increase":
The Baupost Group's stake increased as a result of an adjustment to the convertible senior notes that the hedge fund got back in October in exchange for giving the biotech $125 million. At the time, Keryx Biopharmaceuticals didn't have enough authorized shares to convert all of the notes into shares, so the notes were designed to convert to 16,224,598 shares and the rest in cash.
What the TMF article doesn't say is the main reason why a conversion of the convertibles into common equity would not make any sense for Baupost. Especially on message boards, there were multiple posters speculating on an imminent buy-out. After all, why would Klarman convert early if he didn't see an imminent chance to sell? However, this doesn't make any sense. If Keryx was acquired, the convertibles would be settled directly in cash and until then they are far more valuable than common equity, as they put Baupost first in line in the case of an insolvency of Keryx. If Baupost converts now and Keryx went belly-up tomorrow, Klarman would lose (almost) everything - just like any equity holder. If he keeps the converts, he would own the whole company, i.e. mainly its IP.
So.....our production management team was asleep at the switch for not knowing that production was going off-line at the only manufacturer of it's only product. Were they informed? They weren't aware of key information. Sounds like legal action is appropriate.
You can't have a "just in time "inventory system when you have only one product and one manufacturer. These guys couldn't even run a halavah stand.
look, JR, WE ARE ALL #$%$ OFF.
But we've been through this before.
3 alternatives 1-sell and buy in later
2- hold and wait it out
3- trade around your core holdings to accumulate
It could very well be. It intrigues me about the shipment to India ... The Indian market is huge .... all of a sudden after producing Auryxia for over a year without a hitch,we now have production problems???? YEAH,RIGHT....
Management should stop treating us like saps.
Richard , I will chalk up your rude comments to frustration. From my recollection of your posts ,it is out of character. That said, the label issue has been discussed ad nauseum ... and as of now has no negative connotation .
It seems strange to me that all the hullabaloo about a European partner last year into this year and we sit in August without not only a partner or even a discussion of a partner.
And now this baloney about production problems ...Really ? NOW???
SOMETHING IS UP....
This is just too stupid a situation that internal machinations are not in motion.
With the history of short selling we have been through, this is just a final opportunity for shorts to escape.
I expect a buyout shortly....
Joe ,always a first time for everything. We've been in a couple of stocks KERX, TROV and I believe IDRA together.
You never know. Soros just went in on IBB so things may be looking up. It's going to be interesting.
No problem , I always enjoy your posts(except that one ..LOL!).
I agree ,we should breach the 200 day moving average today or tomorrow and could be in for a nice ride up.