Uh, of course sellers think this stock isn't worth holding, that's why they are selling.
Buyers think the stock is worth buying, that's why they are buying.
Insiders sell for lots of reasons. #1 is diversification. So they aren't over concentrated in any one investment. Investing 101.
Go peddle your fear mongering somewhere else. We aren't interested in it here.
I agree with that, as the owner/founders still own 24M shares which is still a controlling interest.
We are back to levels from December 5th. Had I known this would be a break-even situation back in December I never would have bought (probably everybody else feels the same way).
The owners/people who started the company are selling some of their stake to cash out some. 4M @ $14/share is $56M of spendable cash. While I don't begrudge them for taking some cash out, doing it all at once like this is a 2x4 upside the head of the average shareholder. Had they sold the 4M in program/automatic selling over the course of the year it probably wouldn't have had any impact.
The undisclosed amount likely caused an over-reaction. I'll bet that if they disclosed it was only 4M from the start (when it could have been 28M) then it would have had less of a reaction. Still sucks though.
I can't see myself buying any more of this company, this changes my equations with regards to my faith and trust in management. Lowers the value to me.
While management holds a large stake still, their dumping of 4M shares all at once is painful. Not spread out over a year increases the pain point for longs across the board and will inhibit institutional buyers from jumping in.
You are correct, I read it wrong. I now see the updated news release that it is in fact 4M shares. All at once too, at the extreme expense of shareholders.
We will have to wait and see what the filing sale price actually is. Current price of $16.87 would be a non event. Over $30 would definitely be a buyout, otherwise, just buy shares on the open market. Below $15 could be trouble.
While IBD speculated that SCMP was a buyout target, I suppose this could be related to a buyout because none of the terms are yet specified. They would have to file like this for a potential suitor to take a large stake in SCMP Or buy the controlling interest completely.
Careful, they aren't selling their whole position as you pretend in your post (that would be a blatant attempt to manipulate share price through misinformation). They have not disclosed how much of their shares they are selling. Could be the beginnings of a buyout.
Insiders own more than 28.57M shares (64.81% of the outstanding shares).
So what if they sell 2% of their shares to get some of their money out of the company.
No big deal. A free dip to buy more on.
Then poke your own eyes out for even thinking about such a STUPID STUPID move (no, it isn't an investment, it is temporary insanity to own a POS like VICL).
Most of all, STOP POSTING ABOUT IT. NOBODY CARES.
If VICL went out of business, would anybody even notice? Nope.
Explosive growth in earnings will propel the share price significantly higher.
Upset? Not at all. Not even the slightest. I didn't miss anything except possibly selling slightly too early at $14.00 instead of $14.50 or higher.
I asked myself these simple questions and couldn't justify holding onto this stock based on any of the answers. So I calmly posed a few normal questions in order to ascertain the basis that another investor would see value where perhaps I missed it. While I was hoping to gain some insight, instead I got some nonsensical reply that was emotionally driven. Perhaps you have no rational answers. I certainly do not, which is why I sold.
If there was a drug coming to market in the next 6-months that would be a multi-billion dollar potential that I missed, well then shame on me. Sadly though, I didn't get a credible response. Just some nonsense that since I'm asking investment related valuation questions ... That it must mean im mad. Uh, no, I bought at $7 and sold at $14 -- I'm quite pleased with myself.
I'm not sure why you would invent anything different. Perhaps the questions were so difficult to answer, that's all you could come up with.
Don't worry, I couldn't answer them either, that's why I sold. I made a purely momentum play based on the uplisting. The value isn't there. Maybe someone else can give me answers and help me see the light.
Ok, but what exactly do you "believe in"?
The 14 Employees?
The $375 MILLION market cap?
That it is $27Million per person?
Or the lead drug that has only completed Phase II Trials and is still years away from commercialization if they can get it by the most crooked FDA ever?
While we all hope that LBIO will shoot upwards daily forever, the pump is over and the dump is on with a substantial give back on 5x+ average daily volume. May be time to take some profits off the table ...
Good GOD all your posts are so negative. Do you live your entire life in fear and negativity? Or just on this board. You should seek professional help before jumping off a bridge.