Bullish..this is why stock has acted well. Recall the offering came out when the stock was around this price and briefly dropped to 6.40 I think. Usually when a company announces an offering it will be less than stock is at when the announcement comes out
I just got an email from Schwab's Lending department asking me if I would like to lend my shares. So, there is still an appetite out there for people looking to short the stock here. Sometime in the next months, shorts are either going to be VERY unhappy or VERY happy.
Press release has been out for a while. I got an email alert at 8:28 AM from Market Watch with the PR
No hate for doc. I've been around too long and read message boards (usually for amusement) for too many years. Sometimes, like on the MDXG board, I come across people I know, not personally, but I have a sense of who they are and that their have credibility. I have no idea who "doc" is and 9 times out of 10 people on boards are full of #$%$ and just spouting off garbage. Doc comes off like that talking of the impending acq of PATH by Novartis as if he knows whats going on. govarna's post below in this thread dated Dec 6 at 10:9 AM is good and I agree with him. Doc reminds me of the hopeless bulls on the AMRN boards who kept posting of big buyouts that never came refusing to recognize why after AMRN's drug got approved, the stock kept dropping. I'm not saying PATH is the next AMRN but don't kid yourself. There is a reason the stock got cut in half after approval. This company is close to bankruptcy, even felt the need to include it in their press release, extremely rare, Do I think that is going to happen? No, I don't, but warning of bankruptcy as a possibility does NOT put one in a very good bargaining position. Been involved in M&A for over 25 years..trust me, PATH is not in a position of strength where they can do something on their terms. They can't tell a potential buyer "We want $6 and if we don't get it, we will go it alone. Oh wait, we can't do that because we are broke in January". Nor can they tell a potential partner "this is the type of partnership we want and if you won't agree to our terms, we will go it alone. Oh wait, we can't do that because we are broke come January". I believe that is why this has taken so long, not because of the LTS deal. It has taken this long because PATH thinks they can get a better deal than they really can. And guess what, the closer they get to going broke in January, the better deal a buy or partner will be able to squeeze out of them. Desperation is not a good position to be in at the bargaining table.
O_W, you're killing me. Don't know what you are smoking but you have enough to share? :-) I mean m I would love $20, $40 would be nirvana but I think we need to keep it real
Doc, don't know who you are but you tell a great story, LOL. I am very long this stock but think you are smoking crack
0% chance of a buyout in the next few months. 75% chance of a buyout in 2014. 100% by 2015..in my opinion
smelly. I would put the chances of MDXG making an acq at zero. Cash is cushion to fund FDA trials, which are not cheap. That's my take
Pricing rarely or ever comes out with initial PR. it should either price tonight and trade tomorrow or price tomorrow night and trade Wednesday at the latest