Only a fool believes that anonymous posts affect the price of a stock. But then there are numerous fools here.
That's not an answer now is it? the point I have tried to make is that IF Soros bought DNDNQ, it means nothing. We don't know if he still holds but we do know he is wrong nearly as often as he is right. Anyone buying or holding this stock based on what Soros may or may not have done is a fool.
And the second question, has he ever been wrong? Check his holdings as of 9/30 and he is down on about 40% of his buys.
So he has never been wrong? Does he still hold?
Waiting indeed. Took you less than a minute to respond. Some would call that stalking.
Fools grasping at straws. If it was such a good deal why didn't Soros buy 10% or 20% or 100%? 5% of this company was pocket change for him.
There was not a 300 million dollar profit last quarter. They announced 300 million in revenue for the whole year. And revenue is a different animal than profit. As for hopes of seeing a $57 dollar a share price or bondholders agreeing to a $20 conversion price you may as well wish for the winning numbers for the powerball, they are all just an unlikely dream.
Funds already have their shares? And they are not interested in buying more and making 1000%? Dream on. Market cap of 27 million, not even a big enough cap for one fund to hold a sizeable amount. And its not "sold out", I can buy all day long at under .20. The lack of basic investing knowledge here is scarry.
I suppose some small timer has privy to a "secret" number that the big hedge funds who do this for a living don't. As I said, any whisper, leak or hope of a number anywhere near that would have already driven the price up.
Not much risk down? The risk down is the same as it is for any stock, you could lose 100%. Now if you only own one share that would be no big deal. Only in this case the company has on several occasion told you that will be the likely outcome.As for imallin and his supposed whispers, leaks and rumours. As I have stated before, if there were multiple companies putting together billion dollar bids, there would indeed be leaks and rumours. The fact that this is still a penny stock tells you that is not the case.
Its anyone guess what shakes the market but the "serious adverse events" likely scared the headline readers. A mostly elderly population in this trial will no doubt have more problems given their longer length of time on Xtandi vs Casodex. Elderly people without cancer are going to have a serious event if you wait long enough so not sure how many of the events in either arm of the trial have anything to do with the treatment vs normal issues in this population. In any event when they further present on this topic perhaps we will see a more educated explanation.
They weren't asking enough if you listen to the hopeless longs here. Do you suppose a billion dollar offer would have been refused as the company was in their "quiet" period waiting to drop the BK bomb. Asking price is not really the issue. Big pharmas seek out little ones all the time whether they are formally for sale or not. If the numbers worked there would have been a deal or at least there would have been some negotiating. Pretty hard to keep that kind of buzz secret also.
And with your experience can you tell us why these hungry pharmas that will do whatever it takes to get Provenge didn't do so before they filed for BK?
Can a Judge order a company to refinance? No. Can a Judge order a Bank to lend them money? The current bonds are junk status. Who is going to lend them money?
Someone good with a calculator could probably come up with a good estimate of Xtandi sales given the JNJ statements and making some assumptions on how much of their dwindling share of the market is coming our way. Most of the years growth for Zytiga came in the first three quarters with very little growth in the fourth.
Last I heard MDVN said TERRAIN results would be shared "very early" in the first quarter. I take this to mean any day now
And the reason for the thumbs down is?
There is no such thing as a criminal lawsuit. Lawsuits are a civil action, not criminal.