The delisting notice is of no consequence considering that there will be a buyout before then and the shares will be 10X the current price with the offer and all will end well for Longs in low.
The Company has until December 14, 2016 to regain compliance with the minimum bid requirements by having the closing bid price of the Company's stock exceed $1 per share for 10 consecutive business days.
"It's a lovely day in the neighborhood." Happy independence Day holiday weekend to my fellow Exelixis Longs. The rest of you losers are on your own.
I bet you can.
Exelixis, Inc. stock is experiencing a strong upswing resulting from recent approvals and developments. Clear skies with no storm warnings is the current forecast, so enjoy the good weather.
Cowen & Company - Eric Schmidt, PhD
Leerink Partners LLC - Michael Schmidt, PhD
Piper Jaffray - Edward Tenthoff
Stifel - Stephen Willey
William Blair & Company, L.L.C. - John Sonnier
Exelixis, Inc. is followed by the analysts listed above. Please note that any opinions, estimates or forecasts regarding Exelixis, Inc.'s performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of Exelixis, Inc. or its management. Exelixis, Inc. does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.