Two reasons. First, the SEC is flat out incompetent and he will never get fired because the rest of the crooks at CYTR are making money by ripping off shareholders.
No idea...they had almost identical charts until July then ACAD went up significantly and SGEN went the opposite direction. Obviously, people think the ACAD story is much more compelling. I think SGEN is less risky because they have an approved product with growing sales but what do I know
I'm just looking for someone to shoot holes in my theory so I feel better about my investment Saratoga did a good of this. Been in this company for 2 years now and like a scared dog, I'm a bit gunshy
I was long 17k shares but the after hour trade you see was mine. Only 4,400 shares of the 5k sell order were filled at 3.58. I will roll the dice with my remaining 12k shares because at the end of the day, I like to gamble. If you have half a brain, you would consider the points I raised earlier
I'm actually long which is why I'm nervous. Just because someone raises doubt doesn't mean they are short. Unlike most people on this board, I would rather be suspicious rather than blindly believing in the Company and CEO especially with their track record.
Also, consider this. CEO stated that they would present the OS data at or during the JP Morgan conference. Guess what, they aren't even invited to the conference. Ask yourself this, wouldn't JP Morgan want them at this conference if they had some very positive info? Sadly, you need to read between the lines with this company and when you do, you will find the truth
Is either the companies way of saving face because OS data isn't good and the want to dangle other carrots for investors to stay in the stock. Or, they are going for the trifecta and the OS data is positive which will drive the SP back to a 52 week high. Keep in mind that they didn't to release these interim data results so my guess is that they are trying to save face. Its unfortunate, but the CEO is a #$%$ with no integrity
Management has a serious credibility issue and they've proved that they can't be trusted which is why the stock hasn't moved higher. Plus, there still is a partial clinical hold by the FDA which is additional overhang on the stock price
Stop comparing CYTR to PCYC...you're making yourself luck stupid.
Yes and then they signed a billion dollar partnership with J&J. I
They are insiders so if they buy or sell then we see it...and they've done nothing but buy over the past 2 months. BTW, they are up on SGEN considerably as they have very large position in the $2 - $4 range. The fact that they are still buying is most telling.
He didn't buy anything...he was awarded 600k in stock options just like the rest of the idiots in management