the company is screwed. they have been loosing money and will run out of cash in 3 quarters. the best case scenario is that a large company takes them over, but likely they will be taken over in bankruptcy court.
it's unfortunate, but thats how it goes.
eliminating or renegotiating crappy leases, perhaps the biggest weight on the company was only possible in the bankruptcy process. So now you have a leaner company with the best content rights in the Biz.
with the market cap of the commons of 30 million, it's a pittance of the company value.
Add the debt, some of which will be negotiated down, and the tax credits for prior losses and you have the makings of a very interesting play indeed.
it's still a few years away, nut it more than just a pipedream.
Probably a very good move.
I made a small killing on Calpine. I bought in at about your .20 and sold at about $1.50... the stock actually went to just under $4, so I sold Way too soon.
Lehmq will likely do the same dance as the sentiment changes from chicken little to increadible value and opportunity.
Buy these shares low, and hold them because the run up can happen at any time.
Markets tend to overshoot on both the ups and downs. Leh is no different. Investors/gamblers pile in when there is a perception of security and value.
Lehmq will be trading for years to come and as their circumstances change, so will the stock price.
Just the same as every stock in the market.
OK, so they missed the run from .05 to .30 and the second run from .10 to .28 but, who knows, maybe they will be right on this one.
IMO these next few days may be the last opportunities for these prices, with more disclosures coming around the corner there is sure to be some upward volatility.
I am surprised that no one commented on this...
not in reply tthis post...
no discussion prior to yesterday....
it basically means that the tax savings roughly equals the debt of the company. that means you if your a large and profitable drug company, your purchase of EPIX is free. the only thing that you pay for is the technology.
If that was directed to me.....
No actually I have very good Karma.
Just because I wasn't Rah Rahing the company, doesn't mean I didn't aquire some.
The "we" I call are long in the stock. The deal is done, and we will all find out if we win or lose. We either go big up, or down to the dirt.
I'ts that simple.
The negative 450 million in retained earnings is in essence a running loss on the companies operations. that equates to about a 100 million savings to an entity that would purchase the entire company. That entity could offset the 450 against their own profits in one lump sum.
I am surprised that the company was carved up the way it was with that type of benefit for a potential buyer.
That a sentance that is always used. It's called covering your AZZZZ.
Yes, it scares some investors away, but what are they supposed to say??? it's equal to the forward looking statement on any financial statement.
Its therapeutic product candidates in development include PRX-03140, which completed Phase II clinical trials for the treatment of Alzheimers disease; PRX-08066, a small-molecule inhibitor that completed Phase II clinical trials for the treatment of pulmonary arterial hypertension and pulmonary hypertension associated with chronic obstructive pulmonary disease; and PRX-07034, which completed Phase I studies for the treatment of cognitive impairment associated with schizophrenia
If you like to gamble, as I do, this is a Very strong buy. If you cant handle the price swings, stay out.
light volume suggests that most have taken positions and are in a wait and hold mode.
I would be surprised if the judge did not open the Barklay deal for scrutiny.
so you may not see any big movements for another week or two.
Don' blame the MM, it's just some profit taking before the weekend.
look for a continued steady climb with some down days in between. this has a long LONG way to go.
Have some patience.
the spike 10 days ago while impressive, actually never closed above .19.
the pop to .30 came 2 days after this started to move from an estableshed a base of .05
today the base was .14
with a sub base at .11
I've been here before...