Sounds like I was spot on about the RAT and his incompetence. Another delay and you are stuck being the bagholder. I called this POS right....DA.
The dates are vague because they keep on missing the ones they have given the investment community. Now they are looking to file at the end of the year. That is a delay of at least one more quarter. I knew they couldn't turn the data quicker; more bad guesses from the RAT.
$16 mil write off and about $16 lost from dividend suspension equals $32 lost revenue. Not sure how they are supposed to report +.07 a share if those items go against second quarter earnings. Two weeks now of bad news ruining our chance to move the price up before the CC. Now CC will probably be week 3 of bad news.
Wow. I know a lot of things are bad in the markets and with oil, but I'm not seeing a lot of other companies, including ORIG, that are down like this. To think it was just almost at .70; I don't get it. Is this stick manipulated that much? I thought BDI was going up? Is there concern DRYS will miss on earnings? GE writing off 16 mil didn't help us any. That guy is about as honest and trustworthy as Russian oligarchs.
Looks like we will close at our low. POS.
Pretty sad week. Oil, the write off and a down market. Absolutely no chance here. Too bad, because with the Greek stuff settled for now, it was back up into the upper 60s pretty quick. Should have sold unfortunately. Was hoping it would go into the 70s, where it was before all the Greek drama. Ticks me off, the timing of the write off though.
Seems like every time we have a CC and the RAT opens his fat mouth, we sink. Hopefully we get some news soon or a run into the end of the Phase III trial. Ready to leave this scam in the rear view mirror.
Doesn't take long after the RAT opens his mouth and tries to BS his shareholders. Obviously not new investors tuning in, as evidenced by the volume.
The guy is a real piece of work, with his lies and deception. Here are a few excerpts from your illustrious CEO:
"...all I can do is stay focused on doing my job, bring in the best value for you guys" - This one is priceless. Best value guys! We are down in the low 20s, wouldn't be surprised to see the teens this time. But he's focused. And he's bringing us the BEST value! LOL.
"Okay, first as to the split, the profit split with Epic we did not disclose that..." - Yeah, you seem to think this is a private company, you DA. It is a publicly traded company and this BS about keeping secrets from the shareholders, like "having a company estimate our value" and "we have several big companies interested in a partnership or buyout" is unethical and fraudulent.
"With respect to the timeline, I’m not sure what are you referring to." - Because you truly are a clueless POS! How can you not knowing what he is referring to? As CEO, and the DA who made the timeline, you know you have missed badly MANY times now. And I think the reason the share price is going down once again after a CC is you seem to hint at more delays with 200 being filed this year! I bet they don't file in August - it will be much later.
And the RAT will never succeed in bringing a product to market.
It is expected now. The RAT opens his mouth and investors go running away.
It's like clockwork. You can bank on him sinking the stock during the CC.
And why can't Diane put out a PR before the market opens? What a complete waste of a paycheck. She is truly pathetic.
But not as inept as the RAT. He alone will take this company down with all of his lies, deception and arrogance. The little indian has no concept of how to run a company. Totally worthless CEO.
Probably some type of administrative error, like getting the month wrong on announcing the CC date.
She is worthless. Wasted paycheck.
Yes it was an approximate date and no, the RAT has never beaten a self-imposed deadline. But there is always a first for everything and this one would be nice to beat. May bring some confidence back in this management team and draw some renewed interest from the investment community. What would be great is a run-up into the anticipated announcement of Phase III dosing - if they PR it. AND THEY BETTER!!!!!
Yep. I think the valuation talk was a real tell about this guy. He diluted right after, first saying it was to prevent a "hostile takeover" and he really pumped the partner/buyout line. His guesses on when 200 would be ready to submit would almost seem comical if you weren't invested.
It has just been lies. They may see a class action if they don't get it to market. But if they don;t, I doubt there will be anything left to sue.
I can't believe how bad this company has gotten since the pump and dump over a year ago when the RAT arrived on the scene. It has been nothing but lies and deception since then. I think the RAT should be replaced - maybe make him Program Manager for ART200. That seems to be the only place his focus is now. Let someone else with a broader vision manage the company. One who will communicate with his investors and release pertinent information which would promote the company and its products.
I could produce a list of misleading information that has come out. (By the way, the two generic drugs they said would be released this quarter - they are now counting Izradipine as one of those! Counting it again, so I guess we only end up with one this quarter. Another lie.) It just doesn't end. You would think if the RAT was knowledgeable about this industry, he would have half a clue as to what to expect with the FDA and have a much better grasp of forecasting a timeline for an NDA. This guy is clueless. And the days of him beating his chest and claiming nothing can stop "Elite" are over. Nobody is buying his snake oil anymore. It is time to show results. That is the only thing that will drive this POS stock upwards. At 20 cents, we had better hope he doesn't miss the his timeline for Phase III dosing. Could be catastrophic.
One other bone to pick is with IR. Diane is a waste of a paycheck. She does nothing to help this company; not sure why she is on the payroll. Get rid of her and get a new CEO. Before this company implodes.
That was approximate and based on the release date of the PR. Could be sooner....or later. The RAT deals with overly optimistic guesses; so I'm going to go with he misses again and it ends up later. I'm just hoping on a positive PR about something else going into the CC so I can dump. Tired of this and I don't think they are capable of delivering at this point. It's unfortunate.
Yes, I bought back in at.24. Think I will sell on the next pop - hopefully there is one. If he would just update ART200 and announce Phase III dosing - that would be a good day to take money off the table. The 7 weeks is up in about 2 weeks, so maybe we get something before the CC?