They bought shares at $4 with warrants at $4,I think if you buy shares under $3 you are getting a better deal than the funds that bought the secondary for 26 million,the stock is undervalued at this level,shorts loosing steam.
If the drug cured two people who had cancer,and by adjusting dosage and delivery will bring those numbers up in the next trial,this drug could be bigger than viagra.There were two upgrades and the pps went the wrong way fast and hard,something wrong there.If the secondary was without warrants the pps would have stayed around $4,but the buyers are shorting it now using the warrants as a backup.A week ago people were rushing to buy ,now thier selling watching the pps get destroyed day to day.If you believe that the drug really works then hold onto shares and wait for the next trial results,but be prepared for the hurt these crooks dish out,remember they know the inside info you don't and control the price.If you bought at $5,average down at $2.50,that's what I'm doing.
Woods giving those $4 warrants gave the buyers the ability to use them as insurance by shorting the stock,look at the action today,new buy recomendation,stock opens at $3.59 then straight down she goes, Woods used oppenheimer to get the pps up by making everyone believe that they were only looking for a partner or buyout,then when the pps was right he issued more stock and sold out the shareholders,I thought that the Ceo's job is to look out for shareholders.
Jamie thinks offer for sphs for $350 mill. by Gsk was the highest bid,so Woods decided to play poker,guess he knows he has a blockbuster and is going for the gold,hope the money is enough for a new trial.
Buyout off table, big drug companies don't want to cure cancer,they make too much money treating it,secondary offer lost investors 5 million in one day and 26 million gives Woods spending money for another year.This will trade between $2.65- $3.65 until new trials or maybe partner like Kissei puts up 400 million.As far as a partner,Woods would have never given $4 warrants if it was in the works.One thing that's for sure is Woods put on a great show,everyone bought the buyout with the we cured two people with cancer so everyone wants to buy us,we hired Oppenhiemer to make the best deal and we are not going to do new trials so no need for staff and no dilution of stock.Woods speak with forked tongue.
Bill,the money raised is not enough to run trials,therefor it is for more time to negotiate to get a partner or for a buyout.If Woods truely believed in this drug and the chance for a buyout or partner why would he include warrants at the same $4 price? Shareholders cannot get in on this deal,they only could buy it on the open market without the warrants.Shareholders holding this before the offering should have gotten the same opportunity to buy shares with the warrants at $4 also,or at least gotten warrants for $4 for thier shares.Loosing 30% of your stock value is bad enough,they should have thrown shareholders warrants esp. after Woods said he would not dilute stock,leaving him open to lawsuits by current holders.If a buyout or partner happens this offering short changed the over 20 million shareholder,esp.those who paid over $4 a share.Offering seems very shady.
Why did they issue the warrants at $4 also?,my take is if there was a buyout the warrant price would have been much higher,which means the pps will stay at $4 or less for a long time.The drug is a blockbuster but too many game being played behind the scene,only Woods knows the truth.
Woods should of held a press release this morning saying the secondary offer is just in case the negotiations take longer than expected or a backup plan if they don't get the offer amount they want. Price and size of the offering up in the air,so just all talk now,maybe Wood's giving them a chance to buy cheap shares.
Woods should explain why he said no dillution or new trials,let staff go and now this new offering,leaving himself open to lawsuit.
I think Woody is looking for a partner rather than a buyout,that is why the contract is taking longer than expected,alot of fine print.If the drug works,why short change yourself by selling when you can make millions more in the long run?
Deal will be sealed with a kissie.
Scam,the stock traded over 28 million shares in one day,held $5 pps,has blokbuster drug with no side effects and Oppenheimer would never contract on a scam,how many shares are you short?