what's the purpose, of this study, or strategy? Do they think this can be used for registration? Some company communication would be appreciated.
doubtful, I'm adding on down days and swapping out of a less well hedged stock, to take my taxable losses in the other stock after 30 days from the last buy (stock substitution) and quality improvement.
Now they need to work hard to get costs down, so they can maintain the dividend for the next 2-3 years. Based on the hedges, I see no reason they can't maintain the current, large div. Added today.
When USO/Oil price was falling BBEP was going down 2x to 4x the % move in oil. When oil goes up, BBEP is not even keeping pace, at least today. Very strange in a bad way.
all he really said was they are talking to pharma co's. What biotech is not talking to a pharma co. Jack likes to talk, doesn't back it up...yet. Shorts always seem to know in advance, they seem very well informed??? Unless there's a buy out, I think ARNA is stuck in neutral at best for 9-12 months.
I would like to hear an update on the trial enrollments. Who is helping them run the trial? They can't enroll at 120 sites with a few internal people.
yes, management are not credible and that's putting it on the mild and nice side...rat tumors not disclosed, every timeline missed, "shareholders will see the value of the pipeline in 2015" not bloody likely, no trials are maturing in 2015. JL is FOS.
you are correct, the mob does naked short and manipulate biotech stocks and the SEC does very little to stop them. Some of this recent activity seems mob-like.
he needs to save us a lot more money and start making real strategic cuts. I checked Linked-in and they are about 75 Arena employees with key word Director in the title. One was a BOD Director Woods, but most of the others appear to be current employees. So, about 1/4 of the work force is a Director and Cindy former IR beauty is a VP of alliances. What alliances, Eisai, from Switzerland? That's going well.
I never thought I would be rooting for Opec, price manipulation, etc. but then I always avoided oil stocks until the first move into the $40's. Come on Book value! Is BBEP for sale?
Who is the Chairman of the BOD for Arena? It seem to me that Jack is Chairman, CEO, President. It seems there are no checks on his authority (maybe that's why the CFO and IR person both quit). This is bad corp governance and may be in violation of the company's own bylaws . The BOD seems to be bought and paid for. IMO of course and just my observation.
Looks like another great day to be an ARNA shareholder!
what's your solution? Are you satisfied with the current price, performance of management, communications and progress of the company? Is Jack still a credible CEO to you? Do you think Arena could find a stronger, more qualified leader? Do you think Arena should continue burning $120MM/yr and diluting shareholders? I think shorts (low stock price) have eliminated every option except major cuts, focus on the pipeline and then a sale. The company has about 18 months of cash at the current burn rate, which is likely to go up, not down with 2 ongoing phase II trials. They can't afford basic research and they can't afford to own a plant unless they fully utilize the plant. They have too many "directors" and other senior level people and need to start cuts ASAP.
most of the development/trial work is done by a 3rd party, they need to massively reduce research, focus on development to value stage then sell the company. We don't need any more failed partnerships, find us a buyer...They can't do another secondary and can't keep burning $120MM/yr any longer.
if you don't try, you will fail. One BOD member is a professor. It's easy to find contact info for prof's.
Angry, concerned shareholders should be all over the BOD to make the necessary changes 1) remove/replace JL 2) cut costs 3) communicate all options are on the table and do an auction