PRGO will jump on it this time!
i see that in the charts today too and decent accumulation volume come back the last two trading days. Deeply oversold and large short interest will lead to a big short squeeze on any positive news out of the company!
well lets see idiot...........maybe one has 30 billion in debt and one only has 5 billion
one has earnings that will be at a record this year and drug royalty stream that could be sold for billions......geee i don't see a difference!
deal coming as big pharma are needing acquisitions of growth drugs in billion dollar range +
shorts will get squeezed on news as company has sufficient cash to bring it to cash flow positive!
all those shares short will get squeezed as buyout is still in the works!
buyout still on with multiple parties interested and your short! lol
competitor will at best get a black box warning and worst case DELAYED due to more testing!
Company now in drivers seat with buyout negotiations, they don't need cash, they have a great billion dollar drug and competitor who's drug is questionable to get full approval without black box warning. Stock will run into 20's. Debt offering can be paid off early without penalty in case of buyout.
look out shorts tomorrow is going to squeeze ya good!
no penalty to redeem any time. This is just to give market confidence to squeeze all the shorts who bet the company needed to do dilutive stock offering before they get bought out. Now for 1.5 million they don't have to pay interest and may redeem anytime if purchased......thats a win / win!
In fact it just means a low ball figure is off the table and company wants at least what their competitor received from Aztra Zeneca..... 2.7 billion 60+ a share
not at all! A Merck or Aztra Zeneca or others will just make a hostile bid any time they want to, wether the company management likes it or not!
company was in need of cash soon and was using it as a bargaining chip against raising price above 46 area. Now company doesn't need to do anything soon and will get their 60+ they are holding out for.
Yawn and overtime it drops it runs up big on huge volume on take over talk too......but i'm sure you called that too! lol