Amazing, the kabol of corrupt analysts and firms caught on the wrong side but still cant loss cause they can force stock down with their computers and algo's. Wall street is a joke.
Cant blame MM. This is all a function of a feckless leadership team; Ma, Leiberman & Castle that have no plan other than to use large cash position here to pay their inflated salaries, bonuses and stock awards. Ma gets 600,000. That is a disgrace for a CEO who has delivered nothing to shareholders but an ever changing, confusing, business plan.
These guys have had enough time to get to profitability. They have failed. They should all be fired.
Once hold is lifted: quick to 15. Use you head. Don't care about completion of P1. This is a stock board........get it???? Profit...............get it?
You really don't get it. That is why hold is in the process of being lifted. Use you head............................
Despite these challenges, there are vaccines being developed by a range of organizations, including the vaccine research center at the U.S. National Institute of Allergy and Infectious Diseases (NIAID) -- and some argue that an outbreak is the perfect time to trial them.
"It would be unethical not to acknowledge that potential new treatments could both save lives and reduce transmission in this and future outbreaks," says Dr Jeremy Farrar, director of global charitable foundation the Wellcome Trust. Farrar has recently called for new approaches to be used in controlling the outbreak as no other opportunity will enable the further development of new treatments or vaccines.
"Any new intervention must have preclinical safety and efficacy data and Phase I safety data in healthy volunteers," he says describing the slow progression of phases involved in pharmaceutical development, "But ultimately there can be no Phase II (vaccine efficacy) data in Ebola other than that acquired during an epidemic
Is there any talk here of sngx getting into the Ebola vaccine application. They are heavy into bio defense and this is a much needed application. They could be working on this pre clinical. Any news on such would really cause a spike,
There is only 1 company working on this: TKMR. And their drug is on clinical hold.
Geezer, come on. How can a short "taking profits" pressure a stock down?????????
Who ever is selling doesn't really care about price at this point. Just nuts. Good ol' Fink, provider of endless buying opportunities.
Anyone who doesn't think the hold will be lifted very soon, doesn't know the history of such things with the dysfunctional FDA. GERN's was lifted recently, as was Halo's and many more. International pressure is mounting and Obama see's this as an easy diversion to many more complicated issues he would like to get off the front page. Obama is engaging the FDA; now.
Wonder what long is selling? Didn't they do a deal with Lincoln a long time ago. Could they still have some left over shares they are liquidating.
And even the 8% rate will not be paid in cash. It will also be rolled into the subsequent equity deal next year. So, even though this is a debt deal, which most bio's don't like to do because of money needs, no interest will be paid and capital structure of company does not even change as warrants and equity stay the same for a year.
Yes , no dilution this year with this finance and principle repayment of note next year in equity and warrants. No warrant issued this year. Believe me, lenders are not doing this for the 8%. They are betting on big equity(and warrants) stake they will get next year.
CEO just getting enough money to clear the way for higher equity prices when full results are announced. Then, all note holders are locked into subsequent finance.
Lenders have not been announced yet but will be when first payment to company closes.
Good deal for company if you believe results will be good. If they were not sure of good results they would have tried for much more money now with much worse terns; warrants and low priced stock today.
These knuckleheads just seem to say/write whatever they want and are able to post on yahoo as if undeniable fact. This large put trade was done between bid/ask and was more than likely a fund hedging European exposure by BUYING put. Watch for big selloff in Europe over the next few months.
Also, yesterday 5000 nov 19 calls bought at .09. And today, over 12k of the aug 16 calls done. Most on offer around 30 to 34 cents with one block of 6400 calls at offer of .30.