Careful laddies....This stock is overbought...RSI gets over 70 cover write...I am still long but bought puts today
BB&T shilling for short sellers would be my guess....They come out with a downgrade..give me a break...I did not think they were smart enough but they hung a few new longs out to dry..
Baxalta has made their investment and I think you are correct that they can extract a lot of value..matter of fact with the madmen acquirers at Shire in the room they could have a small franchise by buying MACK..Baxalta has a standstill I believe but Shire does not. MM-398 will be a bigger drug ex-US as pancreatic is a larger problem but I would pay attention to the stock of MACK in here..398 is approved is a very valuable asset overseas. Roche and Novartis have huge cancer operations and nothing in pancreatic to match 398 as far as I can see. This latest Baxalta extrication could be a windfall for MACK and make Mulroy look like a genius.
Just my opinion of course and I still think Bob is useless...
sir you are a legend in your own mind....anyone who mentions his wealth on a yahoo message board is also an empty suit...the ignore button still works...you simply miss the point..we can all see a balance sheet and what the company is doing especially the people who run the company. and i am not obsessed. you can't defend mulroy and the stocks awful performance so you and others call me a short seller and a basher. since going public how has the stock performed? that is my only gauge. and do not blame the market.
I posted a while back when the stock was under $6 that I sold my $10 puts...You late to the party longs just won't quit. Defend the stock price and Mulroy's leadership and I will leave.
For the tenth time sir..the short interest in MACK is 70% the convertible bond deal....The recent 5 million shares are an odd lot and done against options...Make your short argument when it costs to borrow the stock and half the float is shorted..
They were able to close a $1 Billion deal before approval? And what would have happened if 398 got rejected? Baxaltas only money would have been the entrance fee to see if it worked. They guessed right. And what of SNY returning 121? I guess that does not count.
I am a shareholder, not a short seller and I have been in the stock since the beginning. Are you happy with the value we have? This is all about management and optics. Lets assume 398 is just a $500 mm drug world wide. Look at your pal AMGN. They sell at 5 times sales. Our market cap is $700 Million on a potential $500 MM drug???? That is the disconnect.
Lets be really optimistic and say sales cover the burn and we won't have to finance again. Still...right now our stock should be $13-15 but it is not.
Is the market wrong? We have bad management..period. I wish you guys would stop defending Mulroy. He has done a #$%$ poor job and we pay him for that?????As long as he is here your only hope is a Hail Mary buyout which will be at a very cheap level.
Do you understand it will never get by Justice. They smoke..We are anti-smoking. Imagine if McDonalds wanted to buy Weight Watchers??? Same idea....We will get bought by a large distributor when we make a deal....But MO will never be MOXXII....Imagine if the FDA mandated that tobacco companies had to offer VLN products?
Stop drinking the Kool Aid....You are such a zealot..How do you explain the pathetic course of our stock. If enough people complain about Mulroy maybe they can get someone in to run the company. There are a lot of other companies and I could care less. I own this one.
Send me some of the stuff you are smoking....Big tobacco wants us dead...they will never be allowed to buy us.
Imagine a company that could cut your sales by 30-40%. Once we get approval from the FDA the best trade will be to short big tobacco especially if they get a deal with a major collaborator. But us being bought by big tobacco??? You my friend are delusional.
Too bad there is no real futures market...Going to hit Q1 so do not expect a big payout. Rules of the road..
You still do not get it....THIS IS 100% A MANAGEMENT ISSUE.....Mulroy could still screw up 398...He is useless and that is why our stock is here....The market does not trust him..he has lied to several of us and has no idea of how to run a company except to give huge option grants to directors to keep his job. After last year and the FDA approval they should have fired him. I do not disagree with your math, just your ignorance of how a company should be run. Sorry
Mulroy will just burn more. He would do better to close a few trials and focus on the nanotechnology which seems very workable. But he is not the brightest bulb on the CEO tree so don't expect the revenue to cover the burn....
I am not saying pull it out...It is just not going anywhere as long as Mulroy runs the company. And no one has gains except me and some of the other original seed folks. You know how long I have owned this stock??????
And don't use Warren Buffet as a rule. If he wasn't bribing Obama we would have the Keystone Pipeline.
You want to play in this stock...buy calls...and I am beginning to think the upswing is a pipe dream....The stock is here because this is all it is worth.
Of course any major deal could improve the stock price. But I have been promised that for three years now and we just took on a load of debt.
You my friend are late to a game of Mulroy.