yeah, it was about 18.90 or so the close of the previous day. then aria dropped to 17.0 or so on 8MM shares (2mm ave). The dow was down like 300 pts that day so I thought aria was just volatile. I wish I sold when it hit 19.25 and taken the 0.75 loss but held. the rest is history. someone was tipped off for sure. the system is corrupt.
yes, it helps. so based on your statement, aria never ever got an offer at all. they need inclusig to hit another target and one or two other drugs to pass PhII efficacy. otherwise, we're doomed. It takes time Just wish I didn't buy at 20. I bought 17 and sold. bought 18 and sold. watched it hit 23 and then bought the drop at 20. I was going to take the loss at 19.25 but said no. then it plummets to 4-6 in September. Stupid me. Now I have to wait.
all bios down today. Look at ACHN. Two problems I think: 1) no news or enough compounds from medchem to get us news to propel the stock higher. 2) berger won't sell till it hits 1000 a share so us longs are doomed to wait for "great" news. The FDA put an end to our up motion till something great hits. otherwise, it's going to languish down here for months if not years. sad but true. denner isn't the majority shareholder so he has his hands tied too. What would make me mad is if 3 or 4 companies offered over $20 and berger said no and didn't publish these offers.
furball, I recall you from some other stocks (maybe VLO). Can you believe SDRL, NE, DO, RIG??? They are like tossed out as if we don't need oil in 10 years from now. Guess we'll all be driving electric cars and oil won't be needed for anything but to lubricate our kids tricycle chains.
if 26113 is in PhIIa trials, you can say it won't be approved for 3 more years at least. They have to run PhIIb, PhIII and then submit to the FDA (9-12 months of wait there). I think this is dead money for 2-3 years. If they fail before then, we see 1-2's and it's just about game over. I think HB is destroying this company. If LLY did offer $20 for ARIA, he should have put out a press release. Just because his "ego" wants over $50 a share, he needs to do PR's on any offer no matter what. He has millions in his name so he doesn't care about us little fish at all. If it goes bust, he's still rich and he moves on in life. My old company execs all got new jobs in new pharma companies and are doing well. All of the 140 people they laid off, aren't doing so well with jobs
I'm not sure how smart denner is and how much information he has access to being on the board. I know my company execs sucked in 5 big pharmas and a bunch of brokerage/investors with deep pockets. We got like 1.5B over 15 years and not a one compound worked. So, let's hope ARIA has something that will work to push the price over 25 but I think that will take 1-2 years (too long for me but I have little choice). Also, if they had anything that good, they'd have received multiple offers by now. Something tells me this goes the way of ENE and WCOM.
please make that happen soon!! I can use my money back. I want to buy more shares at 5.75 and it's rising (which I'll take and wait). We need just one good trial and we're off to the races. big pharma will drool over aria.
so if I read you right, he bought 175K shares and used 51K to pay for taxes (about 33% of shares, which sounds right). he didn't want to use his cash/own money to pay taxes so he sold shares to do so. most people do that with options as execs. when I sold, I used cashless sell so I get my money and run to pay bills since I wasn't making millions a year like these guys do.
I thought he bought 150K in the open market a while back with his own cash. maybe I read that wrong at that time. If in this case they were options, once they are exercisable (and above water), you have 3 choices in what to do: 1). cashless sell and take the money minus the taxes. this trade is always short term (buy/sell in same day of options). 2) exercise the options by buying the shares and selling part to pay for the taxes. so if he bought/exercised say 150K options/shares, he might have to sell 50K to cover all the taxes and he keeps the 100K shares for long term holding. 3) he exercises/buys 150K shares/options and pays for all taxes from his own money/savings acct and sends the broker a check to cover that cost. He then keeps the 150K shares for long term holding. The other thing, if these or he has a 501B or whatever that paperwork is, he buys/sells options at a predetermined time schedule and it clicks on it's own whether he likes it or not. I'm not sure if in those automatic trades for execs, if they can cancel them at a moments notice. They are there for them to cash in for their hard work but it's done on a time schedule years in advance and they don't know what the price will be at any time in the future. Takes out the bs of trying to read into their actions and the company's future.
with DO, RIG, SDRL etc dropping daily, many are worried about the dividend. in DO's case, they pay 87.5 cents per share per quarter. now they have 138MM shares outstanding (somewhere around there) and have 67MM float (meaning joe public or mutual funds). so the difference is owned or held by the company. in theory, they only have to pay the float shares cause the others if they don't pay, it goes to the bottom line. if they pay, it goes in their cash bank so it's 6 and 1/2 dozen thing. am I right? paying 68MM per Q is doable. Paying 137MM a Q is a bit more with declining rig fees.
I'll toss in $50 for a lawn mower (push kind) so HB can cut his grass pushing a mower around. Anything to get him out and the stock over $20 is fine with me. dammmm, I can go in a coma and 5 years later I'll wake up and this won't be double digits yet.
without news and a sick stock price. I'm just so mad at this junk and people are buying YHOO, mobile eye, FB and a few others like nuts. All I can hope is that HB gets a heart attack and dies leaving Denner to run the company and get at least $20 for the stock asap. If so, I'll travel to wherever HB is buried and buy some flowers for his grave. A lot of people were I live (it's hot) and are dying cutting grass. Doubt HB cuts his own grass.
took long enough. I have shares in the 40's so it's a long climb for me. only took him what 4 years. dope
if someone said it was on ameritrade, I can see it there. There are many of us who work for big companies. the only thing that employees get are options. THe other thing I forgot to say is let's say their options are at 20 or higher. the company can now change all unvested options to say 6 bucks a share (current market price at the time of the change) to give the employees motivation to work hard. In my old company, we had some over 50 and then 40. when the stock went to single digits and low single digits, those were dead and just expired useless. Then one day they lowered the price of the options but the company still kept going down as no compounds hit the market. What else can the company do for employees?? give them shares or options, cash bonuses etc... Remember, they have 300 employees and only 400MM in cash. They are way overstaffed for the pipeline they have (plain and simple). They need a great trial and more sales asap or this is a slow grind to 0.
sounds like you're an insider or know one. tell us more and tell the company to get their butttt in gear.
someone said denner's average is ca. 4 or so (upper 3.8's I think it was posted). If he finds XYZ pharma to offer $20 a share, he makes major bucks. The problem is HB won't even have his IR team put out a press release stating an offer for $20 was given. He has the duty to post that even if he wants over $50. IF this is so, I wish say JAZZ would put the release out and tell the market they offered $20 and it's on the table. Then the stock hits 19's and longs are happy (frock you shorts). But HB won't do this and has one stubborn ego.
yeah, you and me both. I'm not sure what someone is saying with the employees plan. the only thing employees get are options. I'd be shocked they don't or haven't had that plan in place since day one. I remember working for my biotech and we were interviewing for a director. We interviewed this guy from PFE and during dinner, he asked what is the biotech doing for us since we're in a "risky" company without a safe future (such as PFE). He asked about options and wanted to know if we had 100's of thousands of options (at our level, we had maybe 5-10K of shares). He said you're working for a small firm and need to be compensated for our risk (we laughed) when he asked if the stock got to 20 or so (it was 5 at the time) if we'd be able to retire (LOL). then asked pay off our house (LOL), then get a car and we said probably that at best. So there has to be some incentive for people to work in ARIA cause they might not be around too long.
if they denied denner, then he must have some desire or knowledge of some lower buyout plan. Say denner can get $20 and HB wants $40. so they say no. he doesn't have enough votes to overrule HB I guess. HB is either going to get this to $100 a share in 5 years or he's going to bomb and take it to $0 a share. Time will tell. I'd just like a happy medium and say $30 and be done with it so I can move my money to something else without a loss.
bs. if they had a drug and it was effective, any pharma would give them money to push it forward. the compound must have been just in medchem and no model data yet but some exec thought "it would work". been there, done that before. They need some news fast before everyone passes them and I lose my 150K. frocking do something positive soon dangit.