The news that AKRX will not file earnings on time is OLD news. That is why it went up on the nasdaq delinquency news and followed the movement of the biotech indexes which just ripped above short term resistance levels.
There a handful of really great biotech companies left to buy and AKRX is among this group. Sooner or later AKRX will be taken over at $60+. Shorts beware!~
The pathetic bear raids are over in AKRX. Time to cover your short and ride the long to 60+ on the imminent acquisition!
You know how many dime a dozen internet advertising companies there are? Crowded space with no barriers to entry. Vltc is a dud and has always been a money loser
Voltari is fully derisked?
So revenue of only 8.32M in the last 9 months vs. an operating expenses of $23.3M = a NET LOSS of -$15.35M = derisked?
LOL. This company is mere worth at most $2 after the Icahn news. Don't be the last one to top tick this garbage
Sentiment: Strong Sell
Cash burn of $10M annually with no hope of any profits whatsoever. It's just a temporarily lifeline back to $1