plus if the writedown as a small amount, 10-k would be out by now. Most likely disagreement between the amount by PWC and Management, which is causing the delay.
Which means the amount is not small.
yes I think everyone knows there will be a writedown....if 10-k is 100% fine, it would be out by now.
Amount of writedown is the question. If its 10 billion as the CPA says, stock will talk. So for all those here and ST who say bring out the 10-k and stock will go to $50, that may not be the case.
on 10-K. Check it in seekingalpha
have you seen the conversations on this board ?? People going crazy like this was FDA approval.
Don;'t you know the video was put out to get people interested in enrolling for their phase 2/3. That was the reason. It was a pump video.
and longs are all going bonkers expecting stock to be up 100%, 200% tomorrow ?? Yikes. Someone call FDA for an approval ASAP !
that is incorrect. The only thing that was not recorded properly was Phildor. Nowhere does it say information was withheld from PWC.
in 2015...very likely NOT. Same management for 2014 and 2015. This is just scare due to Phildor and short sellers.
problem is longs are so heavily invested here, and stuck here, that they want it to go up desperately. They are not the ones going to buy more of AVXL. New money has to come in..and will only come with NEW data from the COMPANY...not rehasting old Nov data, nor some news report speculation about someone able to paint again. That is NOT scientific data.
News came out like I said just to get enrollment started.
for their phse 2/3...and Dr said wants enrollment complete by early 2017. So this clip is to generate interest for the enrollment. That is it !!! . Unless company reports something directly, these news clips mean nothing much. Longs are getting wet dreams about PPS 10-12 tomorrow. WOW ! Like I said..max 5% pop.
wow you got all this from that NZ news clip ???? AMAZING !!
I missed the part where they got a partner. I missed the part where scientifically proven cog improvement. Enrolling 2/3 is not new news...company already said 6 months ago they are planning phase 2/3. BUT WHY WITH SAME DR. again !!!
Dr is again repeating Wk 5 data in the video.
WHERE IS THE WK12/24 DATA ??? 3 months later, and nothing yet !
if he wants to go, board should let him go. Not sure what is worse..keeping a CEO who has no more interest in leading the company. Senior mgt is not going to trust him anymore.
I agree..this is again pump and dump. Nothing in this NZ news is in any way a scientific conclusion, and the Dr is rehashing WK5 data (4 x improvement). Longs might get a 5% tomorrow.
Plus patients were on DOX....DOX would also play a role in some of this benefit these 2 patients talked about.
When Mcfarlane talks about EARLY DATA, he is NOT talking about wk12/24 !!! If the company did not get that, nor the PK/PD yet (apparently), he cannot be talking to those results either. Use common sense.
I know it came out yesterday...but the statements Dr is making..early results very promising..he is referring to WK5 data.
Also, the video talks about some lady being able to paint...WELL, you don't need memory to paint. These are not good indicators of ALZ reversals.
Also Mcfarlane talks about mood getting better...Well, seach it up. Numerous tests have already been done on many other M1 drugs - Xanomeline among many others - they all improve mood. This is not some NEW discovery. None of the M1 drugs got to market for a reason.
Also, so now it looks like phase 2/3 is AGAIN under same doctor in NZ. WHY ???? WHY not US or other countries ? Something strange here.
Dr. says 32 patients..there are only 30. He says - What's important in the trials is not so much how well people do on some memory scale, ' Well...the FDA CARES. He also says it may not be stat sig. FDA CARES ! Remember, most patients were on DOX...so this could be DOX helping them. If this phase was done with Placebo, would be a bigger story.
that Papa applied for CEO 1 week before the 29th April date. Guaranteed he knows 10-k outcome. He wants cheap options. Why would be leave 18 billion company for 11 billion, and millions in compensation if there was risk of default ??? He would look really bad. Company knows 10k, he knows it, they got it, just need to get it signed now.
10-k is already out IMO..Like I said, Papa saw it otherwise NO WAY he would leave his millions compensation and come to VRX now. He would have waited 1 more week before applying. 10-K is being signed, out Monday.
They said on or BEFORE 29th.
he wants to join NOW to get in cheap options. He has read the 10-k, and knows after it is out stock is up back to $50.
that is not the point. The point is...Papa WANTS to join VRX NOW....He could have easily waited till 29th April. It is only 1 week !! Why would he join a company 1 week before it could possibly be going into default ?? BECAUSE He read the 10-k !! Its out and its good !! It will be public Monday.