They don't have a history of diluting. Could have diluted now but chose to keep it tight and wait it out. I think they will cut the cost and see what happens over the next six months.
Is because they knew of a coming reverse merger that is conditioned on going to the pink sheets where the merger could be done more easily? This action could then confirm the record volume in this stock a few weeks ago.
Just a theory but huge volume of that nature could be a tip. Insiders can't buy but their buddies can. I know the dummy on Seeking Alpha put out a pump article but who pays that much attention to these amateurs.
Walsh in control with new board of directors representing new equity holders of old debt. Dxm is now a private company and will likely be profitable with only 600 million debt. The curtain finally comes down on all the mystery pondered just a few years back. Special thanks to posters as Seanoise who saw this total zero coming way before it became popular to do so. Lessons learned here are: don't listen to hedge fund hype, don't buy overly leveraged company's, cut POS stocks like this early. For me, I finally saw the light when DXM stopped paying on the debt.
Celgene is getting bad mouthed for colluding with charities for business purposes. This drop is guilty by association to VRX. Everyone knows who the real punk in the room is. Any fraud, price fixing, anything bad is vrx's fault
Yep, it should go to $5 now. Makes .25 on the quarter on good revs. Look at the chart and tell me this is not going to $5. Gaps up over 50/200 averages and closes above. Had a pivot at 3 and sold off, had at 4 and sold off. Now it is time to test $5 and stock has the story to take it there. This chart/story will bring in the buyers. Easy layup. Stock is a triple over next few years if not sooner. Just ride it.
It has been a long time and the CEO sold last time in this price range. Should I sell or should I go? Would it ne different this time? This company needs some real good news. Many things in the oven, how about some bread for a change?
All look for another leg up in stock price.
Shaking the tree on a long term uptrend. THis stock has come a long way since leaping over the moving averages. Faith must always be tested, very profitable exercise and Five is a threshold number.
Can it, will it hold a dollar a share this time? Over the last 5 years every time it hit and went over a dollar, stock fell back hard. Is the storyline enough this time around?
Yeah, they are saying if you did't like this story, just wait for the next one. THey will run out of cash and have to dilute and do the Hail Mary on the second drug over time.