Signs of life, where? Actually it appeared to me the larger biotech stocks in the IBB did well today while the smaller stocks XBI did poorly, but what do I know.
they should do more with their assets and cut 90% starting with the BOD fools that allowed this mess. New management should be 100% focused on the stock price. Old management was clueless in terms of running a business, really everything except basic science. Shareholders invest for a return, not to pay for greedy, destructive execs and their families. We have families too and we need a return, exit, liquidity...
yes, I keep asking them about cuts. As far as I'm concerned, they could cut about 90% of the people and costs (all of the BOD) and just develop what we have in process with partners that know how to design and lead clinical trials, gain approval and market a drug. Nothing they develop today will see the light of day and add a dime to ARNA's value. If Dominic wants to continue doing research, spin him off let him have access to the patents for a percentage of anything developed and get rid of his large salary also.
better turn off the cartoons and get back to work spewing falsehoods...although in the case of ARNA the jury is still out. Potentially great science and products with terrible exec management.
I'm just tired of the lack of progress, exaggeration, delays, inaction regarding the burn rate, they could and should have avoided this coming cash crisis, or low-priced dilution by cutting costs...they are handing out options like candy and golden parachutes to the losers that got us into this mess. I want shareholder price appreciation to be 1, 2 and 3 on the their agenda.
I think this is IBB/XBI index and ETF related, election, pharma bad news, Brexit (I hate that term) ...nothing good until news is out and positive/if positive. Watching the options for advance indications.
another in a long line of brilliant moves by the ARNA BOD and executive management team. I can't wait until we hear the details on why Shanahan was fired. I'm guessing it's more delay, but that's just pure speculation. This is really getting OLD!!!
They just keeping taking large amounts of free options while the stock goes lower and lower. Never do they invest one dime of their own capital, they only sell. They only positive I can see is that their options are priced, so if they do some stupid dilution move, they will suffer, or their free shares will suffer.
When will they announce a large reduction in costs to lower the ongoing burn rate, it's very long overdue!!!
If they can't lower the burn the company could turn into a biotech zombie like CTIC and the other loser stocks that just keep diluting and reverse splitting to pay for their stupid CEO's salary because no one else would hire them. Apparently some fool company has hired Jack, that's surprising. There's always another fool out there I guess.
where did you get this preferred stock idea/info? It's a terrible idea to do anything but cut, extend the runway and wait until we can strike a strong partner deal and raise the stock price. Shorts are keeping the price down, cost of capital high, to strangle the last bit of life out of ARNA. This should not be allowed to happen.
over 700 contracts so far today. Most active is the Jan 2017 10 call with 490 traded and 4041 OI. Also some small trades in July and Aug.
maybe you should ask Stanley #$%$ at ISIS Pharma, he's made hundreds of millions, maybe more from patents, see ALNY...
Excellent list. I can only add 1) massive layoffs and other forms of cost cutting to extend the time needed before dilution, or cost cutting + deals removes the need. This should be top of the list and should have been done long ago. 2) more changes in the BOD, they really need to go 3) investment by the BB's in addition to R/A capital. I hope R/A is keeping in close contact with ARNA.