Maybe, but the damage done by the government is irreparable and they have done irreversible harm to shareholders. For what? Because the CEO had faith in the product? Or because the FDA was over-zealous in smacking down a CEO for believing in his product.
It all comes down to this. If the CEO had said "we believe..." Before his statements, he would have been fine. But because he didn't preface it with that, and instead just said what he thought (on CNBC), shareholders lost 30% of their value.
Should be a warning to all CEOs to not go on to CNBC, and why there is so much legal jargon obscuring every aspect of our society.
Aw, c'mon. You're making that up. I called Piper Jaffery and asked them what they thought about VICL and they said "What's a VICL?".
I said "It's a stock" - they said "It is? Never heard of it".
Goldman Sachs said the same thing. Isn't even on their radar.
While AEGR has resolved the situation where the over-bearing government pretended that the CEO overstated the capabilities of the drug (according to what the FDA allows them to say - so much for Freedom of Speech), the damage to shareholders by the government is permanent. Stock has not recovered from that letter threatening the company.
For example, if a drug has a 10% chance of getting approved and could potentially bring in $1B/year, then multiply the 10% by the $1B to get a factored value of $100M in revenue. Calculate that down to net profit margin, estimate a low P/E of 15-20 on the earnings, and then add up the drugs that could be approved in the next 5-years and you arrive at the $90/share, even ignoring the rest of the pipeline. So $90/share is a conservative estimate.
For that matter, this stock hit $60+ earlier this year on mere speculation of a takeover. Imagine how high it will shoot when real suitors show up.
Buyout fair value runs between $9.849B and $12B or about $90/share to $108/share based on the pipeline of drugs, the probability of approval, the revenue if they are approved, etc. So the risk-factored value ranges between $90/share and $108/share. At the end of the day though, any company/stock is worth exactly what someone else is willing to pay for it. No more. No less.
Didn't Q2 end in June? Q1=Jan-March; Q2=April-June.
Your post was in July indicating it should have already happened?
What's the new time frame for uplist? Do they even have a target date?
Adam F-U-stein put out another crushing piece against SRPT and the price drops 9%. The blatant manipulation and corruption on Wall Street runs rampant.
News Report: Vical is such a waste of time and money, that their desperate shareholders have resorted to begging and pestering shareholders of other stocks to buy Vical. Sadly, all other people see this futile act of desperation for what it is, a pathetic attempt to con other people, because he stock can't get any buyers on its own merits. Very sad.
Then why is the efficacy lower than SRPT's treatment? ZMAPP is a cheaper treatment, but SRPT's is better. If you are dying, are you going for a cheaper med?
Vical is so pathetic that the only way they can get anybody to buy their stock is to have their shareholders pester other boards, begging people to buy it?
And yet here you sit, not on the Vical board, but on the ISIS board.
You are asking for perfection in an imperfect world. The question should be, are patients better off WITH the ISIS drug or without it. Yes there are some minor side effects with some of the drugs, but still better than the side effects of NOT taking them, you know, like DYING.
The World Bank just pledged $200M to fight Ebola. They should invest 1/2 of that into SRPT.
Revenues could be received from other countries, so by the government, not private citizens or insurers, so massive scale in a single bulk transaction. Very efficient.
He doesn't own any shares in AEGR long or short. He had a short position at $12 that he was forced to cover at $60, watched it go to $100 whining and complaining the whole way about how Wikipedia said the patient count was lower than what doctors have actually diagnosed. He has admitted that he never did any DD beyond the one Wikipedia article that referenced studies going back to 1970 and older.
He is the same lunatic that posted under AdamWang and Censored (because his posts kept getting deleted because all he would do was badger other posters).
Just so you know who this loser is. Of course he is a liar too, saying he shorted the shares out of his retirement account, which is not allowed, but a lot of his lies don't make sense in the real world.
This stock is stuck. No matter what the truth is, the subpoena hangs over the stock and weighs it down. Until the full story comes to light, this stock is stuck. With our Obama-fat-obese-government that could take YEARS. They are too busy mis-using the IRS, NSA, FBI, etc., to go after Republicans to get anything else done.