I SPECULATED ON THIS BEFORE. Just more paperwork associated the buyout and acquisition of the money loosing drug entity knows as CASI. The Pharmaceutical company that never brought one drug through phase 3 trials, approval, or to the market. THE ONLY THING CASI HAS SOLD IS ITSELF TO SPPI! DILUTION IS ON THE WAY TO PAY FOR THE PURCHASE. They did lose 425 million dollars that we are aware of. Losses could be higher.
Let's Have A Realty Check! They had better work on laptop bags full of U.S. $100 dollar bills as a means to gain approval in the land of the corrupt. Bribes are how things are done over there.
We know the company has no cash flow, earns no money, and the only thing it has sold is 20% of it's self. SPPI shareholders will pay the cost of all corruption required for approval. Share holders would be better off sending the cash directly to CASI executives, and cut Raj out of his share of the money.
Just tell us what CASI's revenues are? They have no products and sell nothing. They only have suckers that buy shares of the company in hopes the corruption of the government officials will allow trials to lead to the approval of a drug for marketing in China. Other Chinese companies that have approved products and POSITIVE CASH FLOW may buy big delays for SPPI from officials. Everyone knows, money can buy a lot of favors and delays in China.
We will see what comes to pass as share dilution takes place to fund the takeover of CASI. What can they use to pay for the trials? By all accounting standards they are bankrupt.
Interesting that the board keeps posting about the patent issues but fails to discuss the open sewer CASI that shareholders bought 20% of and will now be on the hook for the rest of the company.
CASI has never made a profit, completed a Phase 3 trial, received approval for any drug, or sold anything except 20% of CASI to the SPPI shareholders. The most amazing thing about the drug consuming, saki drinking, personal service women employing company, is that it lost 425+ million US dollar equivalent of Renminbi in the third lowest cost country for drug development.
The way that Chinese companies "DO" accounting the losses and obligations that SPPI shareholders may have to pay for could be millions more. Any monies thay may flow to SPPI will end up in a special entity inside a tax shelter in the Cayman Islands, not to available SPPI shareholders.
It Never Ends For Raj And His Lover The Street.
16 Million shares sold short and you can't understand why their is downward pressure on the share price. YOU NEED AN INTERVENTION! ENROLL IN MEDICAID AND GO TO REHAB.
Well Just Because You Let Raj Do Whatever He Wants When Your In
Bed Together, Your Now Afraid To Speak Up For The Retail Long Shareholders. Most Readers Know That You Are Paid By Short Hedge Funds To Post Your Mindless Drivel On This Board..
Share Holder Value Destruction By Dilution. Just As I Said From The Beginning. We now own a company that lost $400,000,000.00 and never brought a single drug candidate through phase 3 trials. Their MOST IMPRESSIVE DEED was spending $400,000,000.00 and never accomplishing or completing a single thing. Casi is a drug company in need of ADHD medication.
Now You Know Why The Increase In Short Interest. (But only after everyone involved with the leaky Raj Inc bet against the company.) Who knows what the overall cost in dollars and shares will be? Well, let's start with all of Raj's friends at The Street since they made it happen and no doubt worked both sides of the transaction and will continue to do so.
They are buying to cover and meet margin calls on other stocks. Their short positions are sometimes their only in the money profitable liquid asset when covered. Market makers are taking advantage of them.
Yet; here you are trashing SPPI once again because you are the lowest of the lowest class of "FALSE FACES" Joe.
They might have advanced notice on some good news that was once again leaked by self serving management and their contracted firms.
Come On Joe; Spew!
Give the readers a FULL explanation of the trading pattern and it's probable cause.
Go and research the real numbers then you can post them and have a conversation with your "selves". Your major problem is linked to the dirt floor in your little palm leaf shack in the third world. You have a massive foot fungus that has invaded you body and brain. It limits your ability to think in a rational way and gather accurate information. It also impairs your multiple personalities from communicating with one another.
You should be posting that on multiple occasions market professionals reported to the SEC that Madoff was a fraud.. Just like Fed Regulators the SEC people ignored the documented evidence that Madoff was a ponzi scheme and then went to hundreds of "Market Integrity and Transparency. Our Most Important Job" meetings at luxury facilities around the world. Oh Waiter: "We will have another bottle of the $400 champagne please".
It will take longer for Raj and his leaking cache of intellectual property to be controlled and persons named.