Anacor most recent quarter Research Development + Selling General and Administrative is $36M for a $3B cap company. We have $75M per quarter. What can I say?
Financing overhang put a cap on the pps. I think we have chance to 14.5 this week, then it will be back to 13s again.
If your stocks are going down, then most likely it will go down for Q2.
Ok. Just can't let go. Pozn has 32.4 m and tbuff has 116m * 0.1455 + deerfield/broadfin 75m @7.2 + management 5m = about 64m. The difference is deerfield/broadfin 13g has only 8.5m.
So the market cap is 230m with 55m revenue and yosprala. Deerfield/broadfin probably purchase around 6. The cash is 24m in the book + 6*8.5m = 75m. They will burn all of it and more.If yosprala has another CRL, this stock will never see sunshine again. Probably that is the reason for low pps now. I think mkt thinks they should not burn too much too fast until the approval comes.
There are about 5 mil shares owned by management by form 4. Also Broadfin and deerfield claim by 13G to have about 9 mil shares. Hard to tell total OS. I think it is more than 64 mil.