Insider selling? There has always been an orderly selling of some of the options the insiders receive. You seem a bit nervous to be in a biotech. Stock is up like 65% this year.
You really think they turned down a billion and elected to go BK instead? You are aware that the people you are accusing of being lying, cheating, thieving criminals own shares as well, shares that are now nearly worthless. Have you ever seen a 10 cent stock suddenly get bought for $10? If there was a company interested at any where near the number you are suggesting the current price would reflect it. The price reflects the overall markets thoughts on the value and future hopes of this company. Of course if the whole world is in on the conspiracy being claimed here I suppose its possible to keep the price down.
The problem is calling the bottom. Some "experts" have been giving your same advice for weeks now. Sooner or later they will be correct . Just not sure were near the bottom yet.
Why do you? With your losses you should be out looking for another job. Why don't you ask mister FACT the same question? Whenever someone doesn't have a come back for a sobering post we see the why are you here, must be a paid basher comeback.
The serial posters here have posted so often they have forgotten their earlier post. Many claimed the issuance of shares by the BOD was clear proof of better days to come. Many claimed the quiet period was a sign of the long awaited buyout. Many claimed a new CEO proved there would be no BK. Many stated that shorts covering was proof that "someone' had inside knowledge of great news. Some claimed the 10Q warning of BK was boiler plate wording and meant nothing. Now we are hearing the BOD are crooks and have manipulated this somehow to their advantage. There seems to be hope that lawsuits and investigations will right this sinking ship. Of course these same clowns are running out of excuses as much as they are running out of time and $. Then when all else fails they accuse those who point these things out as being paid bashers. If I got a penny for everytime someone on this board used the paid basher label I would be rich.
You have gone from delusional to just plain crazy. Snap out of it man. Earlier we were hearing that the BOD issuing itself shares was a sign the company was ready to take off and proof they would not go BK. Now you claim there was some benefit to awarding themselves these shares before filing BK, where they are now nearly worthless and will soon be completely worthless. I think you need a new outlet for your feelings. Constant claims of collusion, criminal conspiracy and whatever else you dream up here can not be healthy.
And more importantly why in the world would someone invest in a company that they are convinced is being manipulated and mismanaged?
I am not trying to get anyone to sell, simply sharing my opinion, which unlike yours has been dead on accurate. As for the "invaluable" patents, the market has priced those as well as the rest of the assets at 22 million, the current market cap of the stock. FACT.
Does it matter what one person thinks? The Medical Community, Patients and Investors have all "voted" and the result is bankruptcy. Thats how a free market works in spite of the claims here of a four year long conspiracy. Had someone else been running the company it may have gone differently but that is all history now.
All this worry about paid bashers. Clearly there have been and continue to be far more pumpers here but who really cares? As for how much can you lose on a $.15 stock? The same as any other stock, 100%. The price doesn't matter. Many rookies mistake a penny stock as cheap while apple appears expensive at $100. As long as you are prepared to lose it all and can afford to lose it than more power to you. The odds are way against you but than so are the odds in Vegas but people still enjoy the thrill.
brightfuture By all means you should ignore posters that do not agree with you. It's worked so well so far for the longs here.
78 million shares so there will be close to $1.80 per share in milestone payments alone this qtr..
Value in your mind can't be spent. Auctions are the ultimate decider of value as things are only worth what someone with the means is willing to pay for it. Conspiracy theories will die when the gavel falls.
Another new high today. Could this be mutual fund end of year window dressing? There is some much anticipated news coming in December and early 2015 as well. Given this companies habit of skyrocketing in streaks I say hold on to your hat!