Yes, that is correct.
So many have misinterpreted the transaction.
When the info was released AH the other day, I posted the facts, but the masses chose to believe otherwise.
Glad you had the patience to type all this.
I went to their website oramed dot com and signed up for all their investor info. They will email alerts.
It will include SEC filings, news etc.
They presented at an Oppenheimer conference in Tel Aviv in May.
Not sure why the price action/volume today...significant drop.
The same thing happened with my NERV stock...It then tripled after a PhIIb success.
Go to the Kerx website to read the SEC filing:
A Form SC 13D/A regarding Keryx Biopharmaceuticals, Inc. has been filed with the United States Securities and Exchange Commission.
Not posted on Yahoo yet.
I am with you. I am looking for an entry point in RLYP..too much of a run up to buy.
I have my profits from NERV to invest...waiting for that one to get back down to earth, as well, to buy again.
KERX will have dilution...the stock issuance was passed by shareholders at the meeting.
I have been investing in biotechs/pharma for 20 years.
The recent activity as far as volume and PPS decline has a cause. NERV is at a 52 week low.
No, this is not uncommon when you invest in high risk stocks...but there is always a catalyst for a big decline.
The market was up over 200 day. nuf said.
I received my proxy materials today and voted for the R/S.
What choices are there now? A partnership or more institutional investment would have helped.
I voted against Exec Compensation.
I am tired of execs getting bonuses, stock options and ridiculous salaries to watch the company lose money and not have an approved drug. The BOD should be held responsible for this.
I emailed Investor Relations again stating that as a shareholder a response is in order. I never received one yesterday.
I am not happy with Corporate at his moment.
As the poster stated, all the info is posted on www nasdaq dot com.
Look under SEC filings.
You can also find it on the government SEC site.
I contacted Investor Relations. Volume and pps are worth a comment.
Yes, there are other ways.
It could also have to do with one of their PHII drugs....not sure.
Yes..Thank you for info. I saw the stock filing.
Title of Securities to be Registered
Amount to be Registered (2)
Proposed Maximum Offering Price Per Share
Proposed Maximum Aggregate Offering Price
Amount of Registration Fee
Ordinary Shares, no par value, deposited as American Depositary Shares represented by American Depositary Receipts (1) 12,000,000 (3)