What's the email? I am there with family and so can't take much time to talk about VVUS. But it will be good to meet another shareholder.
Got to give you guys some props for tenacity. You and the other 2204s will continue to predict no matter how many times you were wrong before. That's the Italian way I suppose. Speaking of which, I will be in the Rome/Florence area next week. Any well kept secrets to see, away from the usual tourist attractions? Will be in Cinque Terra for a day as well. Thanks.
It was $7 in pre-market. Just low volume manipulation to get some shares before June 6. I am buying more at $5.85 to add to my earlier stash from last week.
Good advice. I see at least a 100% run from the low or 25 cents. And that will put it right smack in the middle of your target. About 30% of the pre-BK short position is still left over here and volume has dropped off significantly. Of course, if the Equity committee is formed, we could run much higher...
May 13, 2016: 32,833,556 shares
Doesn't sound like "no shorts left". Days to cover is also increasing significantly as the volume tails off. If the daily volume keeps falling like this, the remaining shorts will cause a nice uptick as they take profits and pay off their high interest loans. But I am lowering my target from 50 cents to 30 cents for now (due to larger than expected drop in short interest), unless the Equity committee is sanctioned on Jun 7. If so and the lawyers can prove obvious violations of fiduciary duty or deliberate concealing of facts by the officers, I can easily see the commons getting a $300MM settlement - which would put it at about $1/share. All conjecture but speculation runs BK stocks wild. This stock is NOT an investment by any means. Any bets should be made as such...
Pronai is being very 'proactive' lately - LOL!. This latest agreement with the Japanese calls for up to $240M in milestone payments, to be paid if the treatment is approved and commercialized! And the royalties are in the single digits and so Pronai gets to keep over 90% of the sales proceeds. To dole out $240MM, the drug needs to sell in the billions!! The confidence of the Pronai team (made up entirely of doctors) shows that AS-141 is another blockbuster in the making. Still on target for $10 by ASCO or Jefferies.conference..
May 3rd: "My shares don't go out".
Stock was at 1.50 after falling from 170 average.
May 25th: "180 k sold at 170 average, were used to re-buying at 111/115/118/ 120/123/128"
No mention of you selling out 180K shares when stock was in 170s (the top) but instead pumping while you were supposedly selling and cussing everybody and their brother at VVUS as the stock fell from 170s. No mention of buying at 111 either (the bottom).
Nice going. Lots of credibility built here with your "after the fact" moves...
There are no shorts? In this day and age, it is dangerous (to your integrity) to make such sweeping statements. All you have to do is go to pinksheets and look up short position. There were 64MM shares as of 4/29 and that was after the BK announcement and 550MM total shares traded in that period! Took about 1 minute to check. There is something called Google, you know? It's quite ironic that you talk about lack of knowledge...
Avg. Daily Share Volume
Days to Cover
Apr 29, 2016 63,885,502 -41.46 54,026,619 1.18 No No
The yanking around of the stock outside the wide bid and ask range shows that there is very little supply (free float) and the stock is unstable at these ultra low prices. The MMs got to let this trade higher to coax some sellers to give up their shares prior to the inflection point that is coming in less than 2 weeks...
After setting base camp at the 50 DMA for the past 3 days, we are now moving on our way towards the 200 DMA ($10). All prior results indicate a nice revelation at the ASCO. You can see they are trying to contain their enthusiasm by giving us a 3 week head start - LOL!...
pmt, we still have 17 months left on the stay order on TEVA's ANDA for Q - unless there is some sort of settlement between the two prior to that. I would think there needs to be a resolution there before it opens the way for an acquisition by TEVA or another BP. It looks very unlikely that there will be a partner for Stendra as we are almost in June now. Sales are probably not going to impress in the meantime. I am buyng only trading shares for now and will sell higher if there is no earth shattering news between now and end of June. Sort of like your option call buying but with more capital and less risk..
was the most irrelevant PR posted under VVUS. Must be by accident (I think) but good enough to get this up 5% today. And the dude is talking about bankruptcy in the video! I guess anything is better than Seth's cold shoulder...
Who said anything about current shareholders sharing in the fruits of the "new" Sun Edison? That is an assumption you made . If the lawyers for the unsecured creditors can prove fiduciary malfeasance by any of the officers, they will get an award for the shareholders. How much is anybody's guess. The speculation about what will happen on June 7 and beyond itself could get this high enough for many shareholders (who bought under $2) to get a moral victory and leave with less losses. You are truly underestimating the power of profit taking by shorts and there are 60+ million shares still left...
They were a potential buyout candidate ever since they decided to terminate the partnership with Takeda. Not because of a 3 cent rise - LOL! I am not as short sighted as you.
and we are just getting started for the countdown to June 6. We should cross the 50 DMA ($6) next week and approach the 200 DMA ($10) before then. Imagine if their therapy can be applied down the road to several forms of cancer, not just lymphoma?
Yes, the little guy fights back. I am not saying this will be another American Airlines or a phoenix rising from the ashes kinda situation. But it could very well give some long suffering shareholders an opportunity to exit at prices before the BK announcement (0.34 to 1.50). And if they were able to average down, maybe even break even...