IF true, your friend got wiped out. NVAX was a killer. WHen I saw the news, I knew someone would get hurt badly. Glad it wasn't me for a change.
Still feel sorry for the folks that paid up. Selling today was the smart move, all were had, wholesale, retail, news media. Done.
Down. Look for this stock to explore prices under 1.10. Price could discount the cash enough to draw interest for the cash alone. Right now the ongoing business is the problem,worthless and cash consumer. Management would be better off just not doing anything. Let the stock price discount the cash and get someone to buy in for over a dollar per share. I pity all the folks that really paid up for this.
Remember all this talk on this board about a SNY-MNKD-GOOG transaction a year ago? Well looks to be a SNY-GOOG deal now. THey are going to make the pens smarter over trying to go thru the lung. THis action is going to compete against what MNKD is doing.
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.
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?
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.
All look for another leg up in stock price.
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?