Sometimes we lose perspective on just how lucky we are. I KNOW that I am a lucky man. I KNOW that everything worked out right for me. I KNOW that of the 7 billion people on this planet, approximately 7 billion of them have it worse off than me....Okay, maybe you all haven't been as lucky as me, but you're still luckier than 6.8 billion people on this planet. That's pretty much the same thing.
The mere fact that we have money to throw at the things that we throw at, and it doesn't alter our lives in any way, and we can make fun of each other about it, makes us all about as lucky as we can be. If APRI tripled tomorrow, you would all be thrilled for a day, and then be annoyed if it dropped .25 the next. It's all quite laughable.
So take a second to ponder just how lucky you are, no matter what happens tomorrow.
Hey Social...I'm beginning to wonder if Denner is currently in a money spending mood. Have you seen his EBIO?....Ouch! ANIP is exactly tearing it up this year either.....Hmmmm.
Wow!....This stock went from TOO LOW to TOO HIGH all in the time it took me to go to Home Depot and buy a metric wrench! (Okay, I stopped and hit a bucket of balls, too...and had an In-and-Out burger...but still!).
Anyway, congrats on the good day. I'm extremely skeptical of this move, but I hope it works out for all of you. Good luck.
You know, Social, I agree with you. Forendo is most likely dumping. Holding this stock would be frivolous for them. But the worms and I want to talk about something else. As I was reading the 10Q, I thought about something interesting. It originally bothered me that Sarissa was restricted from selling shares. I truly believed that all the volume in the 2.50's or so was them unloading. When I discovered that they could not, I was admittedly dismayed. But what I saw in the 10Q was fascinating, as they broke down the Black-scholes model on the warrants. When I realized that at the time Sarissa paid 1.82 for their 6 million, which now seems silly, the warrants they received, according to the model, were worth about 1.68. So if they had already lined up a buyer for the warrants, they actually would have bought their 6 million shares for 6 million dollars!...The warrant purchaser then could have been the seller at that 2.50 plus level. He would have made BIG bucks!....Everybody involved makes big bucks.......Interesting possibilities.
But nothing changes my ultimate thesis: Sarissa intends to take control, and as appalling as it might seem, 40 million shares at .35 would be JUST RIGHT.
I had actually translated that 1760 dollar profit in my mind into 50 bottles of Hussong's tequila.
Now it appears that the chicken robot will be drinking that in my backyard.
Ahhhhh, cosmic balance...what an unfortunate thing, half the time. For those of you who have not paid attention the past month and a half, I owned 20 of the May 2.50 puts. The reason that I am now an APRI shareholder is that I purchased 2000 shares at 1.42 yesterday to effectively close those out. I made a whopping 1760 bucks on the trade. Now I'm a fairly comfortable old guy and 1760 bucks doesn't exactly make my heart flutter, but Social altered my perspective today when he poo-pooed the 20 bucks a penny. I realized that, no matter how comfortable I am, if someone came along and threw 88 Andrew Jacksons at me, I would still scramble around on the floor to pick them up....But here comes the cosmic balance. My divorced daughter and her two sons, ages 2 and 4, live in a wing of our house. A close girlfriend of hers is going to be living with us for a few weeks. Tonight this girl had her hair extensions laying on the bathroom counter, and they disappeared (I believe I may have heard an audible gasp from any of the female message board members).
Now my grandsons and I have determined that our house is surrounded, on a regular basis, by chicken robots. As a matter of fact, "chicken robot" was the two year old's first word. Although none of us have actually seen a chicken robot, we know that they are there. When I asked my 4 year old grandson what happened to the hair that was in the bathroom he explained that a chicken robot broke into the bathroom, grabbed up the hair, and flushed it down the toilet.
I have a feeling that the chicken robot flushed the bulk of my APRI profits down the toilet as well.
A quick word to my fellow shareholders. As a long time APRI shareholder (going on 30 hours now), I want to comment on the upcoming votes. Since I have not been a shareholder long enough to vote personally, perhaps I can sway some opinion instead. I think that it would be in your best interest to vote YES on the authorization of additional shares. I know that this seems counter-intuitive, but I actually think it is important. Since the vote is non-binding and the shares are going to be authorized anyway, it would be best NOT to make this company look like it's run by a CEO who blatantly disregards the wishes of his shareholders. I don't see how that could benefit you (I mean "us"). So if it's not too late, go show your support! I ask this as a proud APRI shareholder! (even if it IS just for another 44 hours). :)
Sorry Social...for some reason I've been thinking today is Thursday...It's only Wednesday!...Heck, I'm going to be a shareholder for over 48 hours!
(You know, the market doesn't seem to like me being a shareholder, have you noticed?...I shouldn't have mentioned it).
Oh c'mon, Social! I thought you'd be proud of me!...I'm a shareholder! Like you!
(and by the way, if you think really hard, you'll know exactly why I bothered...here's a hint: I'll only be a shareholder for another 27 hours:)
But in the meantime, I'm one of you guys!!!
Hey Social! I have a confession to make...As of yesterday I am (oh man, this is hard to say) an APRI shareholder!!!!!!!.......2000 shares!!!!
What do you think of that?!!......First time in like 3 1/2 years!!
My apologies Zman...the announcement I read was incomplete and did not mention any restrictions. The prospectus clearly does. You are absolutely correct.
Okay....like it or not, I'm back!...I'm afraid Beano's memory hasn't served him well. There are no restrictions on Sarissa's stock. He was probably thinking about the six month restriction on exercising the warrants. Now Zman's claim that any sales on their part must be filed? I haven't got a clue...nor do I know how to find out....nor do I care. My theory revolves around a simple premise: Sarissa brought the F drug to APRI, they intend to get the lion's share of the profits, and in order to do that they need to radically increase the number of shares they hold. Now they can spend 80 million dollars on another offering and get precisely what they need, at which point my jaw would drop and I would admit my foolishness, or they could acquire the same percentage ownership for one tenth of that, by manipulating both the stock and the release of information.
Honestly?.....I wouldn't own this stock with Social's money.
You should all look at the beauty of this. Even though Sarissa most likely doesn't own a share of APRI, may even have sold 3 million shares short against their free warrants, they are still completely in control of APRI, because as Social so aptly put it, APRI is the F drug!....Sarissa clearly has co-signed the loan for 5 million, and the next 5 million....I mean, no bank on earth would have lent APRI money otherwise. And yet, all Sarissa wants to see is APRI's collapse!......As I see it, 35 cents on the stock would be perfect! At that price, Sarissa, using profits plus their original investment, could acquire 80 % of APRI....All they would require to accomplish this is Pascoe pulling the plug on Vitaros...............(Yes, unfortunately, the majority of APRI stockholders are Vitaros investors).
I'm going to bed now. Everything I've described should transpire before the next earnings report, fast and furious.
Good luck, Bicster
They most certainly have Isaac...but it's not forever!
But don't consider them evil. It's precisely what you or I would do. It's enormously clever.
This game is simple for US to play...when the stock starts trading huge volume at ridiculously low prices...................we buy........that's all.
So.....HERE'S the real problem. Sarissa chose APRI for two reasons: One, they are actually in the sexual health business, so it made sense; Two, because they were completely vulnerable and on the verge of bankruptcy. The latter is the most important. APRI could not possibly say no, nor did they consider saying no. Sarissa even bought 1.1 million shares from APRI as good faith BEFORE the Forendo deal....But here is what you all have to take to heart. There is NO WAY that Sarissa is willing to provide this "Salvation" and receive only 18% of the action. Before this is said and done, Sarissa will have 80% of the action, and it will cost them next to nothing...thanks to the tutelage of Carl Icahn............This will require the stock price to decline dramatically................dramatically!
You MUST get out for now.
So say the worms.
The worms and I think you guys have missed the big picture. It's refreshing to see that even Social has come to recognize that Vitaros is no longer a catalyst for this stock, although we (the worms and I) do expect a Majorelle "launch" within the next few days. There is a reason that these launches don't receive a positive response. What you perceive as a door being opened is actually a door being slammed shut. APRI must provide product to their contractual partners OR they will be liable to paying them back any upfront monies. Everytime APRI sends them the agreed upon units they call it a "launch," when it is simply fulfilling their obligation and covering their behinds. Well, good-riddance to all of that.
But here's the big picture that all of you have misconstrued. I think that most of you have a vision of Pascoe vacationing in Finland and discovering some wonder-drug. He then negotiated a deal with Forendo. A few months later, Sarissa came along and decided that this company was worth throwing millions at, even committing to millions more in the future. UNFORTUNATELY, the timeline refutes that scenario. Here is the more likely scenario, and one you NEED to adapt: APRI, back in September, was going down the toilet. Denner and company chose them for this very reason. They showed up at APRI's door holding salvation in their hands, and waving million dollar bills...or bringing them the F drug and promising financial support. Like it or not, all the evidence supports this. You say, "Who cares? They've got the drug."...Actually, how they got the drug IS a big deal because it truly is indicative of what is to follow.
I have to go right now, but I'll be back. I'll leave you with this...Most of you consider Denner to be some bio-wizard. Hey! He might be, I don't know...but one thing I DO know about him is he is the former stooge of a corporate raider, so don't think for a second that he has YOUR best interest at heart.
Hey Jp...and everyone else. I've been out of town for ten days and out of touch. Listen up everyone....Pascoe is going to announce that they are discontinuing production of Vitaros, at least in its current form. The stock is going to tank on this info, just as both Aspire and Sarissa wish it to do. Sarissa wants to gain much more than controlling interest in this stock......much more...and they know exactly how to get it, having taken lessons from Icahn. You absolutely should NOT be long right now.
So say the Worms.
(It's good to be back).