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Biogen Inc. Message Board

eiretekk 304 posts  |  Last Activity: 32 minutes ago Member since: Nov 15, 2004
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  • eiretekk eiretekk 32 minutes ago Flag

    Doc,

    Had you forgotten, you told us you had put yourself in the penalty box and did not read my posts? Now you're forced to eat crow and all because you did something impetuous. Well, fear not, I'm a big-hearted person and I forgive. Welcome back.

    When I look at the development time-frame for Hep C drugs, I see it takes 10 to 13, at best, to get thought the trials process. Of course the vast majority of candidates fail. COCP talked about this lengthy time-span in their SEC filing of today. I suspect mgt has been reading the foolishness posted here and felt the need to set people straight.

    When you say:- " I see a Hep drug coming in the near future and who knows what else.", what are you talking about? That's simply not possible. I presume you know that?

  • " As we continue to incur losses, achieving profitability is dependent upon the successful development, approval and commercialization of our product candidates, which is a number of years in the future. Once that occurs, we will have to achieve a level of revenues adequate to support our cost structure. We may never achieve profitability, and unless and until we do, we will continue to need to raise additional capital. Over the next 12 months ending December 31, 2015, we estimate negative cash flow of approximately $11.0 million. Management intends to fund future operations through additional private or public debt or equity offerings, and may seek additional capital through arrangements with strategic partners or from other sources. In addition we may, if appropriate or necessary, sell the MusclePharm common stock at such time as they are released from escrow, which is dependent on resolution of the contingency described in Note 15 to the financial statements. There can be no assurances, however, that additional funding will be available on terms acceptable to us, or at all.
    ………………………..
    Without revenue, we have incurred significant losses since inception of each of our operating subsidiaries, Cocrystal Discovery and RFS Pharma. We do not expect to file any new drug applications until late 2015. Thereafter, because of the need to complete clinical trials, establish safety and efficacy and obtaining regulatory approval, we do not anticipate generating revenue for at least 5 years and will continue to sustain large losses."

  • Reply to

    Don't get carried away folks

    by eiretekk 2 hours 10 minutes ago
    eiretekk eiretekk 1 hour 45 minutes ago Flag

    I'm just trying to save you guys before it's too late. I've see what's happening here many times before. Remember back in the late 90's all those prophetic newsletters flying around with worthless stocks like COCP being pumped for no reason. Well, it's happening here now and, while the short and furious jump in the pps is exciting, make no mistake coming down the other side will be a lot faster and most will get caught. Like the bubble in 1999, there's absolutely no substance to hold up COCP.
    You guys know it and iI know. You cannot name a single thing.

    The mistake you're making is thinking you're nimble enough to make the exit before the herd. The problem is:- you are the herd!

  • Reply to

    Don't get carried away folks

    by eiretekk 2 hours 10 minutes ago
    eiretekk eiretekk 2 hours 0 minutes ago Flag

    My posts are bad eh?

    Should we discuss COCP's product portfolio then?
    Why don't you kick off the debate by saying what you like about COCP's products.
    But before you do that, how about naming just one single product?
    If you can do that, I'll go long the stock.

  • Reply to

    Don't get carried away folks

    by eiretekk 2 hours 10 minutes ago
    eiretekk eiretekk 2 hours 6 minutes ago Flag

    Correction:- It's now trading at 30 times total assets.
    It's even worse that I first thought!
    Make absolutely certain there's nobody between you and the exit!

  • There's just 5c per share in the kitty and no other asset of any kind.
    It's now trading at 25 times total assets. If anyone were to run for the exit, people could get hurt in the rush!

  • Reply to

    Resistance

    by dk1949 Mar 30, 2015 11:16 AM

    It appears to be the market's evaluation of COCP's product portfolio that's causing the resistance. Once the market players find the material to establish the value of COCP's products, this resistance will dissolve.
    I've just had a brainwave:- why don't we tell the players where they can find the material on COCP's product portfolio.

    Volunteer time - don't everyone jump up at once!

  • shorts. If this was a good short at a dollar, it's a better short at $1.25. Free money! Im in at this level.

  • Reply to

    I can't imagine

    by doctor_zing Mar 28, 2015 3:29 PM
    eiretekk eiretekk Mar 30, 2015 4:13 PM Flag

    Doc,

    With a challenged mind like yours, I'd say it a safe bet you have trouble imagining anything!

    :)

  • eiretekk eiretekk Mar 30, 2015 2:50 PM Flag

    Apple traded at $5 and is now over $600, allowing for splits.

    What more proof do we need that COCP is going to $20?

    Amen, and may the gods bless you all!

  • eiretekk eiretekk Mar 30, 2015 2:23 PM Flag

    With bets like those, you must be a long way in the red by now!
    I notice you failed to mention all the bets that went as expected!

  • Reply to

    Eerie

    by coachc07 Mar 30, 2015 10:10 AM
    eiretekk eiretekk Mar 30, 2015 1:53 PM Flag

    Hi there Coach. The penalty box which prevents you replying to this exists only in your mind. You could just admit you're reading and reply.

    My conversation with expose has highlighted something you should be aware of.

    If COCP defies all the odds and gets a product all the way through FDA trials, Dr. Frost will be 91 years of age when marketing approval is received.
    You guys have high hopes for the longevity of your leader.

    Hopefully it will come to pass but it sure looks like an odd bet to me.

  • Reply to

    Eerie

    by coachc07 Mar 30, 2015 10:10 AM
    eiretekk eiretekk Mar 30, 2015 1:19 PM Flag

    When you say say "soon", are you talking in geological time-frames?

    You do realize that if COCP brought something into the clinic in 2015 (a big "IF"), and assuming this new product sailed thru all trial phases (another big 'IF'), you could not see " a new therapy' being 'baptized' before the year AD 2028? Is everyone biblical here or what? If not, it's hard to understand!

  • Reply to

    Eerie

    by coachc07 Mar 30, 2015 10:10 AM
    eiretekk eiretekk Mar 30, 2015 12:31 PM Flag

    But how can it be real biotech company if there's no biotech product or service?

    It's like saying:-
    We're an ice-cream company but we don't yet know how to make ice-cream.

    It just makes no sense.

    It seems more like a religion than a basis for an investment decision.

    We believe in one, true and holy Dr. Frost and the normal laws of the universe do not apply!

    Is sounds insane to me!

  • Reply to

    Eerie

    by coachc07 Mar 30, 2015 10:10 AM
    eiretekk eiretekk Mar 30, 2015 11:32 AM Flag

    I'm still trying to do my DD but cannot locate any product or service COCP provides to study. I also can't find any mention of COCP in any FDA filing. So I can't complete my DD.

    Are you people sure this company is real?

  • eiretekk eiretekk Mar 27, 2015 3:08 PM Flag

    Agreed, I wanted to spend an hour doing my dd on COCP but was unable to locate any material.
    Do you know where the material is?

  • Reply to

    Vote *****

    by bronxrealtyco Mar 27, 2015 1:52 PM
    eiretekk eiretekk Mar 27, 2015 2:35 PM Flag

    In 2 years, there's a reasonable chance many of the players will no longer be with us.
    They're not young people and many have already lived considerably longer than the average life span.

  • Reply to

    Ignore bashers

    by coachc07 Mar 27, 2015 11:12 AM
    eiretekk eiretekk Mar 27, 2015 11:41 AM Flag

    Coach,

    Your advice is well received. I have now given up reading my posts. In future I will restrict myself to just writing them. Regarding the board here, if i were you I would not worry. In a fast-moving stock like COCP, where new products are hitting the street on a daily basis, what poster here would have the time to read all the posts in any case?

    :)

  • eiretekk eiretekk Mar 27, 2015 11:04 AM Flag

    What would a buyer of COCP be buying? There are no assets. How would a buyer hope to recoup the purchase price in a deal that delivered absolutely no asset? Perhaps COCP shareholders would agree to send a monthly stipend to said buyer for an indefinite period after the purchase!

    Vapor is sometimes enough to entice inexperienced investors to buy shares in a company but any buyer with the wherewithal to buy a company will know that vapor cannot be bottled, or converted into a salable product.

    :)

  • Reply to

    Biotechs

    by charlesdavis426 Mar 27, 2015 10:04 AM
    eiretekk eiretekk Mar 27, 2015 10:21 AM Flag

    How is COCP related to Biotech? Link if possible.
    COCP could just as easily be described as a space vehicle manufacturer. They have the same amount of biotech products as they have space vehicles!

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