Why bother with options? They might as well give the buy back money directly to management. "The shares were purchased at an average price of $14.32 per share, totaling approximately $92.6 million."
A reverse stock split will quickly get it over $3.50. Never say never.
There are idiots among shareholders and there are certainly idiots managing this company. The difference is, if you are management you get paid a lot of money to be an idiot.
Let's hope so. We could use some good PR from management.
For example, dividends. They said in the Q-1 report : "The Board expects to be able to provide its dividend policy, along with the business plan, in August 2015, in conjunction with the release of Q2 2015 earnings."
This might be one reason:
Clinical Results on ACH-3102 and ACH-3422 at the International Liver Congress
Achillion Pharmaceuticals, Inc.
14 hours ago
- Two late breaker presentations detail previously announced 100% SVR12 in Phase 2 trial evaluating 6- or 8-weeks of treatment with ACH-3102 and sofosbuvir in genotype 1 HCV patients and Phase 1 proof-of-concept results with ACH-3422 -
- Clinical virology presentation continues to support improved barrier to resistance with ACH-3102 -
PITTSBURGH & WEST VIRGINIA RAILROAD and POWER REIT, Defendants.
AND NOW, this 22nd day of April, 2015, in accordance with the foregoing Memorandum
Opinion and Order of Court, it is hereby ORDERED, ADJUDGED and DECREED that
JUDGMENT is entered in favor of Plaintiffs Norfolk Southern Railway Company (“Norfolk
Southern”) and Wheeling & Lake Erie Railway Company (“Wheeling & Lake Erie”) and against Defendants Pittsburgh & West Virginia Railroad (“PWV”) and Power REIT