read the 10k ( march 18th ) mentions the need to raise cap a few times and that it will take 2 yrs or more to start selling. remember this is probably just postering / negotiating tactics.
good post. nice move on friday. new support above 6. I believe the Co is getting low ball offers. The reality is SGYP is 2 yrs away from being marketed. I believe big pharma is trying to bechmark value off IRWD sales . which is counter productive to getting a real premium thus Cerrone went public and said we might tap into the capitol markets. ( see recent news ) which to me is more of a negotiating tactic. Yet, it did highlight tto me they have no deal as of yet. I think Cerrone wants FDA approval in his pocket to strengthen the buyout price. Thus, I think a deal annoucement comes after the May conference. For the record , IRWD sales are not overwhelming , even with all the channel stuffing / stocking inventory. So, why not keep stacking the chips to get the best deal possible unfortunalty thier burn rate and need of capitol is a double edged sword. I believe patience will be rewarded here as the drug speaks for itself. I also like SCMP here more from a value perspective and the upcomeing FDA decision for using it main drug for opium constipation. Which, I expeienced first hand after back surgery. Yet, thier drugs seems inferior to SGYP and IRWD. they have had some labeling issues. which got addressed but the damage has been done. I think it could see 10 near term. Anyway, I have some SGYP and SCMP and feel good about both positions. have a great weekend everyone.
Agco Corp /de
Purchase at $50.91
6.25 represents a double top of the weekly chart going back to october 2012 . take that our and we major blue skies...i believe we see 8-9 pre FDA decision.
new support ! momo crowd should be showing up soon. once we start seeing 1mm volume days we should get parabolic up to 8 pre results then 12 thereafter and perhaps a march to 25 in 2013. best story on the street right now.... patience will be rewarded.
not that anyone cares here. As, everytime i post somthing challenging or questioning . I get slammed and slandered. I'm thinking that SGYP will start gaining real momentum late April. based on the Co's communication, I don't think they have a deal in place or talks that provide the exit price they or we want. The company is perhaps 2 yrs from market ( i believe ) its a great story. Just going to take time to develope. Good luck all , see you in 30 days. be blessed not stressed. rick
yet, i also picked up some SCMP. you guys should do some due dilignce on thier story / read conference call transcipt. FDA decision coming up. small float. very interesting. downside is limited. anywway, have a blessed weekend everyone. surf is pumping in Cabo. Going to be a great weekend.