How do you spin selling their only approved drug and nearly all of their assets as a positive? You guys must applaud a poke in the eye.
Your really hung up on these NOL's. With the time you spent posting your hopes concerning NOL's over the past week you could have done a very simple google search and learned some basics.
You are correct, the bond market is just another indicator of the value, or lack thereof. If you have been following the posts here you already know you will not get a logical explanation from the longs. They will likely tell you the bond market is also rigged and that some mysterious force is manipulating the stock.
This coming from someone who posts every five minutes all day long, yet manages to say nothing of substance.
Expert, no, but I do know how to read, something the clowns who keep claiming theres billions in NOL's waiting to be cashed in on should try to do instead of making false claims.
They just sold the majority of the assets along with the drug, are you leading us to believe there is still $340 million worth sitting around?. As for the merger idea to maintain NOL'S you need to read up on that, not going to happen. And for the value of an old patent, once again you strike out, your not going to build a company with that, especially with no money. The cupboards bare man, move on.
Bond holders agreed to a minimum bid. They, and others, need to be made "whole" before stock holders see a penny. They are first in line. The talk on here of 100 million in cash waiting to be divided by stock holders was never true but often repeated.
Remember the old saying you can lead a horse to water but you can't make him drink? That seems to apply here as well. Pumpers ask the same questions over and over and either get answers they don't like or simply choose to ignore them. This is an interesting investment system they have and the results are not surprising.
As usual you are wrong and giving (pumping) false hope.
"The tax laws limit a corporate debtor's ability to use NOL carryforwards if it undergoes an ownership change. An ownership change takes place when 50 percent or more of the corporation's stock changes hands. An ownership change may take place where there has been a merger, for example."
No reason to panic. Company is in bankrupt, selling for pennies and have advised shareholders their shares will be cancelled. All is well with the world.
Wouldn't have anything to do with this from todays 8K?
The stand-alone plan of reorganization provided for under the PSAs contemplates no recovery for the Company's equity securityholders. In addition, the purchase price provided by the Amended and Restated Acquisition Agreement, dated as of February 4, 2015, by and among the Debtors and the Purchaser does not exceed the Company's prepetition obligations to creditors, and therefore consummation of the transactions contemplated thereunder followed by a liquidation under a Chapter 11 plan would provide no recovery for the Company's equity securityholders
I believe they have an expiration date. Add that to the not so small problem of how a newly emerged post chapter 11 company is going to be able to acquire an existing drug. They had a drug, described by some here as the greatest drug of all time, and we know how that turned out.
I wouldn't expect the average poster here, myself include, knows the answer with any certainty. This is a highly specialised area of tax law. From what I have learned, and I went thru this with two other companies, is NOL's are not easily assumed or available for usage by anyone other than the original intact company. Even than a dollar of NOL is not worth a dollar in cash as some have suggested here.
Do you know if there are still developmental milestone payments to be made and if so what would trigger them?
Several products in the pipeline? Hundreds of millions of dollars and years away from POSSIBLE approval and marketing. Do you suppose there is someone willing to loan them money?