Bio..Here is food for thought...Did we ever realize or estimate the financial loss to the pharma and medical profession from the lessening of obesity. I have mentioned on this board the comments by my orthopaedic surgeon about what would happen if there were less obese people in his office. How much insulin is sold to Type 2 diabetics? What about the blood pressure and heart pills pharma sells. The idiots in this equation are the insurance companies who have to reimburse all these maladies. I had a knee replaced. Mind you it was a college football injury, but the surgeon and hospital costs were $1500 to the doc and $23,000 to the hospital. They did bill
$109,000 for the two and a half day stay. But insulin costs $4000-6000 a year.
Have you ever thought it is not in the best interests of the medical profession and pharma business to lower obesity levels? One in five obese people get cancer as a result of their large size. Obesity is a disease that creates HOW MUCH REVENUE for big pharma and surgeons?
I know 200,000 VBLOC procedures a year will not put a dent in the obesity maelstrom. We will do great but in the end we are a small part of a cure that has very few friends.
Average is around 6%...But they sell it at such a deep discount it may be zero. But with Quay you can never tell.
Where did you learn your corporate finance..Bernie Madoff's old firm? When you sell more shares you dilute ownership. The price of the stock has nothing to do with value you idiot.
I highlighted a post from Google on obesity and they do not put it on the board.
Anyway, there is an article in the New York Times today on obesity worldwide and it is worth a read.
Only thought I had..The volume was not 5% of the float so a new buyer or present seller would not show, but with that volume the stock didn't move, hence Douglass.
Douglass took a tax loss and moved the shares into a new account..He changed his SEC filing and since there is a 30 dya wait to buy the shares back he put them in a new entity..Just my guess.
How do we know he is negotiating? How long ago did he promise a 121 deal?
Don;t get me wrong. I like the company just not the management.
Yes..Bob can't get a deal done..But the market is awful so it is not MACK specific...If the stock market takes a 2-3 week hit here you will get a bargain. This stock trades badly because the guy that runs the place has zero credibility.
Paulsen just gave 400 million to Harvard..that must be the press release he was waiting for..
SYMX is going to send all their people back to school
Good question...There is a 30 day period for buying back shares and if he dropped 2 million shares on the market the price would have suffered...
13G versus 13D...I will check...
Can I give you a little information? Remember when Douglass changed his classification to being an activist investor? Well in my opinion the day we had over 4 million shares I think it was because Douglass probably crossed some shares to take a tax loss and put them into a new vehicle. If some institution wanted to buy a bunch of shares instead of buying in the open market they could have done a private and got warrants from the company. Basically, there will be a capital raise and I hope they do a subscription with existing shareholders like you and me.