positive: they seem to really believe in what they're doing and I think they do have good results from the trials. it does sound like there's a genuine potential for growth. the ceo seems to believe they can sell it for multiple billions once they get all their ducks in a row. I'm left right now with the thought that the entire drop since the step study failure is an artificial and temporary market reaction. my experience is this stuff happens a lot with biotech stocks and I'm glad I bought in after the original drop, even though it's gone lower than I would have hoped. within the next qtr sounds like we should get some good news, and if we don't, or we get bad news, at that point I will officially give up on this one.
negative: they have no idea how to manage the share price, they admit it, and they aren't interested in doing anything about it. someone asked about improving PR, essentially the answer was no. someone asked about getting better legal advice, again no we're doing fine. the only answer they see is demonstrating good results, and while of course that is the bottom line, sometimes even good results can be interpreted badly by the market if communication is poor. anyone in biotech stocks has seen this happen. publicly traded companies need to put some serious effort into communicating with the public.
I'm easily mesmerized so to me seems like there should be a big gap up... seriously they were very adamant about the safety and efficacy of both drugs. they were also clear that the option of getting a big buyout or partnership is something they're focused on. I think he said some data will be coming in a few weeks, 3-4 if my swiss cheese brain got that right.
trading on margin is risky, not really his fault that you were on margin with a biotech stock, where large fluctuations are normal
they said the mechanism of the drug has multiple applications, because it stimulates the body's natural healing. sounds great, also sounds like they are really sincere about what they're doing, for what it's worth.
he keeps saying multi-billion in terms of selling the company or partnerships. hope he's not dreaming, that sounds juicy!
I'm not slamming the call. I'm telling the truth. I'm thinking about loading up more on my LONG position, after what they said, but just because they believe in what they're doing is not enough to convince me the market believes in it. they have stated plainly that they are totally clueless on how to manage the stock price and not interesting in exploring options like better PR or a different law firm to advise them
don't lie, he was choking up when he said it was his fault, he should have known better than to send it out in a blizzard.
I have to say, yes you do need better PR. Don't be in denial of that. The PR's about the frozen drug were horrible, it was like a suicide for the stock price
oh no he's complaining about short sellers... don't dump your drug off in a blizzard and you won't become a victim
luoxis guy needs to breath more, his sentances keep trailing off into a barely audible level. better than the Australian guy though
listening now it's still going. audio is ridiculously bad, can barely understand what's being said. every time someone in the room coughs it drowns everything out. seems like they're highlighting existing info on how great their drugs are, I couldn't understand what he was saying about the FDA so I'm not sure if he said they're going to accept that study or not.