Thanks for the link. Really nice piece, nationally televised/prime time. And it didn't use a dime from Probuphine's marketing budget.
Pbdrive, I agree with you. Two potential positives now is that they have additional time to do an asset sale which could spare SGY from BK and if that fails, even then I think recent negotiations with creditors showed a likelihood of shareholders probably doing ok or better given current $30M market cap.
Thank you for posting link Fred. I agree. The filing simply shreds the term loan holders' arguments one by one.
May want to tweek that 143 million number. With current 86 million shares and post BK 65%, then total outstanding shares post BK would be more likd 133-135 million, depending on the exact number of current outstanding shares.
Thanks for passing this on insider. I agree that they would probably very much like to have been able to buy shares during all of this. Having had several in-depth conversations with Mr. Ahlstrom myself , management not only is shareholder friendly but also takes their fiduciary duty to shareholders very seriously. And of course this includes any and all insider trading activity be it shares or bonds for themselves or for the Enterprise.
FYI for those just arrived, management is getting bonuses during this time vis a vis the Key Employee Retention Plan. Many(shorts?) wrongly IMO gave management a hard time when the KERP was announced.
Probably about to go a lot higher than 1.2. All big moves get these blips.
My post clear as day states the psychiatrists' NP/PA. So there would be no bill splitting for professional fee.
You are way overdoing this to the point I think you either have a personality disorder or you are misrepresenting yourself and/or your TTNP position.
There is no bill splitting. In your example, the psychiatrist(and/or his NP, PA etc) gets privileges, does the implant and bills for it.
As far as liability, as an anesthesiologist you should know as well as anyone that this is a very very minimally invasive procedure. Yes people can and do get sued for everything under the sun but you are making too much out of this too. You should not be comparing this to an implanted pain pump.
You're too smart to keep making these gaffs, what is wrong with you?
No argument here but funny that it was you that started with the ad hominems.
Second, you may not accept these referred patients to do the implant and again you seem to be obfuscating the point of my post. Intentionally?? Fortunately for these patients, they don't need you. As I posted, any doc, even NP, PA or SA can, do this procedure at any surgery center. Credentialing/privileges can be completed in literally hours if need be to allow ANY health professional to do so at any surgery center.
""Right, and ambulatory surgery centers typically treat addiction issues. Good one.""
Your egotistical response belies the fact you apparently missed the point of the post. Ambulatory surgery centers can and do treat virtually any disease that requires a procedure. Even a very minor procedure like a PB implant, which is not surgery and can be done by non-physicians Nurse Practitioners(NP's), PA's, SA's etc. In fact these centers are perfectly set up for custody of controlled substnaces/implants and expeditious credentialing of those doing the implants.
There are over 10,000 hospitals and ambulatory surgery centers across the US. Every one of them already handling the most potent narcotics in the world, complying with the DEA day in and day out. Then there are countless clinics (eg procedure oriented pain clinics, plastic surgeons, oral surgeons' clinics) which are doing the same. I would guess 75% of the US population is within a bicycle ride of such a facility and 90% within a short drive.
3 of 5, so much for being a "respected expert":
May 12th, 2015
"Dr. Cidambi is extremely arrogant!!! She barely let me get a word in. All she cared about was showing off her "knowledge ". She gets off on hearing herself talk. Very unprofessional therapist. I honestly expected more."
"NOT INTRESTED IN PATIENTS AT ALL. DOES NOT CARE ABOUT ANYTHING BUT THE $300.00 FOR THE 1ST VISIT AND $200.00 FOR ALL OTHERS.POOR, POOR SKILLS."
"Same as everyother doctor. Put me on a bunch of medications"
Agreed, very positive report on Probuphine. I don't recall any drug ever getting so much supportive press on approval like Probuphine has been getting.
Seemingly endless. Below are just a few snippets. The main bottleneck to great revenue numbers will probably be churning out implant certified nurses(NPs) and doctors which is starting TODAY!
"The implant, called Probuphine....is expected to be available to patients by the end of June....Nora Volkow, head of the National Institute on Drug Abuse, calls Probuphine a game changer.."
"Probuphine: A Game-Changer in Fighting Opioid Dependence. Buprenorphine, which in numerous studies has been shown to significantly improve outcomes for patients,... eliminating the need for daily dosing..... shown to lessen patients’ risk of criminal activity"
New York Times:
"innovative new option for Americans..It is considered a safer, more palatable alternative....to address other problems associated with the oral buprenorphine, including illegal diversion and accidental poisoning in children.... 2,200 doctors have already signed up"
"FDA Commissioner Robert M. Califf, M.D. “Today’s approval provides the first-ever implantable option to support patients’ efforts to maintain treatment as part of their overall recovery program.”
JACKSONVILLE, Fla.—A one-of-a-kind medical device could save thousands of lives....It truly gives patients the opportunity to stay clean"
Fox: "there is definitely an appeal to be able to implant it"
"The first-of-a-kind device... one fourth, or 325,000, of the 1.3 million patients currently taking buprenorphine meet that criterion."
"at 25 cent on the dollar. Could retire 600 MM of the bonds."
This is not true for several reasons. One is supply/demand in that once they start buying any significant amount of bonds at discount, Stone would drive the prices much higher. More importantly however is that Stone is very likely in advanced negotiations for a larger restructuring, hence trading in bonds on the open market while at the same time negotiating price valuations of said bonds behind closed doors would be tantamount to insider trading. Stone is likely prohibited from buying bonds on the open market.
From here on out everything related to the bonds is likely being entirely driven by the restructuring experts Stone has hired.