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Affymax, Inc. Message Board

aethrocks 3 posts  |  Last Activity: Mar 9, 2016 7:10 AM Member since: Aug 31, 2001
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    Where is press release?????

    by stockhitmebad Mar 9, 2016 12:11 AM
    aethrocks aethrocks Mar 9, 2016 7:10 AM Flag

    They can say nothing because of the shareholder class action suits filed against them for misleading statements and wrong doings. Then you have every other business issue in court now as well. They will first respond to this compliant thru the court system then an 8k will be filed. Every press release they will need to be very carefully written & reviewed by legal. That is the biggest reason they have been quiet since late last year.
    What I find funny is that 2/29 -3/7 VSLR didn't terminate the deal immediately. Matter of fact they didn't say boo until the Bank funding was questioned. This will not turn out good for VSLR like the Latin deal that SUNE walked from. The only reason SUNE even settled that deal was to close the VSLR deal.

  • aethrocks aethrocks Mar 8, 2016 7:10 AM Flag

    Do know who paid for and put out that press release? Two sides to every story so let the spin begin.

  • aethrocks aethrocks Mar 8, 2016 7:00 AM Flag

    SUNE files counter suit since VSLR walked away.
    Sune had until end of the month to complete the deal and had made extreme efforts to complete the deal. Sold assets, extreme financing costs and fought off third party. If SUNE had any intention of not completing the deal they would have walked before now.

    VSLR will point to the internal audit that was recently disclosed but as SUNE also stated no wrong doings were found after 3 months.

    This is great news anyway...back to business with a leaner company. Watch the insiders now buy like crazy.

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