I expect they will price this well below today's drop. Gonna hurt for those holding a lot of shares. That's the problem with bio-techs. They constantly need money. In most cases, they dilute after strong news to take advantage of the pop. In this case, they are diluting near a low, so I would view that as a more of a desperate need for cash.
It sure looks like it to me. Issuing a report blasting the company while recently initiating a long position seems about as dishonest as it can get. So far they have held the upper hand, but it doesn't change OPK's prospects which seem to be quite real to me. Dr. Frost's history and continued buying give me confidence that the stock will rebound. IMHO.
The guy obviously believes in his company's prospects. I don't understand the whole Lakewood short/long position, but it appears to me that Lakewood is just trying to drive the price down for their own profit motives. Dr. Frost knows how the OPK's drug pipeline is progressing, so his buying more shares tells me he is putting his money where his mouth is.
I expect that Dr. Frost will be in there buying as soon as he can. If he didn't believe in the company, he wouldn't be putting so much of his own money at risk. I will trust him over a company who is trying to drive the stock price down just to profit from their shorts. If it is true that Lakewood is Long at the same time they posted all this negative misinfo., I hope they suffer some consequence. I guess being discredited could be the biggest penality of all.
I expect he will be in there buying this dip. He knows what is going on with the company, and this should be just another buying opportunity for him.
It just came out a few minutes after three. According to the article, It seems while Lakewood has been bashing Opk, they filed a 13D saying that they have over 2 and a half million invested in Opk at a price of 11.52 per share. Article seems to imply that Lakewood is trying to drive the price down to take a larger position. If true, Lakewood needs a good thrashing. Don't take my word for it, but check out the article if you own OPK or are thinking about taking a position in it. Good luck!
Check out the article just out. Says Lakewood bought OPK shares at 11.52 for a total of $2,661,000. Believes Lakewood iis trying to manipulate the price to buy more shares. If true, these guys ought to really get nailed. I bought more shares when I saw the post, but don't take my word for it, read it for yourself!
Should be interesting to see how the analysts view Linda's presentation. Everything seemed positive, so I guess their valuations and projections will be based on how they view NWBO's science and its chance of becoming a viable treatment for many different types of cancers. They also will factor in how likely a large pharma might be interested in NWBO. I wouldn't be surprised to see a positive report or two, especially if we get some positive news as Linda suggested within this calendar year.
Linda, like the rest of us, likes to make money with their investments. If a buyer stepped up with the cash, I don't think she would think twice if the deal was fair. A big pharma has the deep pockets to move things along without having to offer shares to raise money every now and then. NWBO has enough to run the show for close to a year, but Linda will face dilution like the rest of us if NWBO has to issue more shares to raise the money they will need to move things along down the road.
Everything I heard was positive: no toxicity, impressive survival rates, treats a wide variety of cancers, manufacturing capability established, plenty of cash, humanitarian use in Germany, cooperation with Germany and England, cost effective treatment, vaccine can be made and frozen for 3 - 5 years of use, over 100 patents, more news this calendar year, trial results as early as first quarter of next year, etc. We didn't get the earth shattering announcement that traders were looking for, but the totality of the news was really great. Never know, a large pharma may look at NWBO and decide to take them out while the price is down here. Any way you slice it, I don't mind holding NWBO for the long term. Everything I have researched and heard, along with the testimonies of many oncologists and patients, has convinced me that this is the real deal.
Maybe that's what Linda meant when she said to look for additional announcements this calendar year. Hey, maybe they have a deal in the works.
I believe that the hospitals were applying for approval and reimbursement to use the drug with patients who were out of other options. This tells me that the hospitals view NWBO's treatment as being worth a try.
An then you have patients who have survived much longer and are still going.
That sounds like good news to me.
So, Frankie baby, what's your plan? By the way, how do you think Americans will react if you twerps repeal no lifetime limits, no pre-existing exclusions, children on family plans until 26, etc. A young lady I know just had a heart/lung transplant. Luckily, she was on her parent's plan even though she was over 21, thanks to the new law. She will need lifetime expensive medical care, and she can get it now because of the new law. She has been sick all her life, and she has already exceeded a million dollars in medical expenses. Without the new law she would have no chance. A neighbor of ours was diagnosed with a brain tumor. The drug she is on costs $50,000 a month. Her company laid her off, and she lost her drug plan. Her house is now up for sale because she needs the money to pay for her life saving meds. Maybe the new law will help her out come next year. You clowns who criticize everything propose no solutions. I guess you are fine to watch neighbors suffer not to mention the people you don't see or hear about. Gripe and criticize all you want because President Obama will be in office for three more years, and responsible statesman will do their best to refine the law just like they did with Social Security, Medicare, Medicade, and Medicare Part D.
FTNT is blowing through resistance on a pretty weak market day. We still have a ways to go just to get back to where we were before the CFO departure. I am enjoying the ride these last couple of days.