Sorry my data was flawed. It was from memory but I do not remember that survival rate. Grenade close. Canphan..how good a drug would 398 be if we got that kind of survival rate?
When looking at fully diluted you have to include the converts even though parity is off right now. The converts are being levitated by the
4 1/2% coupon which equates to a yield of 11.50% at the current quoted price. You have to assume in your calculations conversion will eventually happen so the share count is theoretically correct.
Fully diluted there are more than 140 million shares. Remember the convert. SNY won't pull the plug and may be keeping a cloud over data. On the call there was a mention of another deal and I expect that to happen shortly. But remember, MACK burns through cash like a drunk and it will be event driven. MM-398 has a great chance and no one mentions the off label use if it works on the pancreas.
They have to be made public once they entered the Phase III trial as it is vital information. If they never announced the Phase III then they can keep it private, but this is a PUBLIC company and they have to disclose the results before they can make any deal. Disclosure rules in the U.S. are pretty tough and the FDA is also involved. They have to disclose the results.
Your are an idiot...Go back to your porn site.
The trial has been going on for 18 months. For all we know the entire control arm could be dead. If they don't get the 305 events by April this could be a huge drug. Mulroy cagey and that woman really was sort of nasty,
but on the info stack they did use the term NDA. The longer this goes the better. Imagine if the results show 6-9 month survival?
The data is very complicated and has to be parsed by the smarter analysts. Nothing new on the data but they did mention a deal coming which would be a plus. Also extending the 398 data until Q2 2014 may be great news as survival may be longer and not enough people in the control arm are dying.
It is almost criminal how market makers and large institutions can dump stock, terrorize individual investors and get away with it. Tomorrow's conference call will be interesting as much as content is involved. This was a large volume day based on no information.
For anyone interested a friend said the 4 1/2% Merrimack Converts are trading around $65. That is a yield of about 11.50%...Sort of in the CCC- arena..where most shareholders feel!
What do you think it tells you??/ More buyers than sellers??? And who cares about insider buying. When you are a Director you can't buy anytime you want. There may be information out and you can't act. Do you know how it works???
There are people looking for the converts and if they buy them selling the stock at $2.00 may be parity for all we know. Do not try to over think this. It is trading now at cash value.
They have a conference call tomorrow where you can ask them anything you want.
No Scott, a performance problem. If our technology is so good why don't we have the deals and customers to prove it? All they have to do is walk into West Virginia and ask Sen. Manchin for a grant to change over all their coal plants and coal mines that the morons at Obama's EPA are putting out of business. There is a coal fired plant I Steamboat that could be refitted in a year and the EPA would leave it alone.
These guys need direction and not from an IR firm.
Scott this deal bent the shareholders over. What fool pays an IR firm $300,000 a year plus warrants. They can't afford this.
I know all the parts of the previous IR firm and they did a great job for a company with little to show. It is a good technology but they are dealing with the Chinese who are awful partners. I am close to selling all my stock. I thought Rigdon have some sense but with this deal it is taking on an aroma I do not like.
They do not have the capital for this. And the new IR firm talks to the same people the previous firm did. This is a cover up for terrible management in my opinion.
All the IR/PR in the world will not help unless management performs, and that is just not happening right now. They would have done better spending $300,000 a year on a good salesman or engineer. This is a scummy deal made by the
top guy. He would have done better buying lottery tickets.
Sadly, I think this is dead money and a company the Chinese will buy on the cheap.
Risky micro cap stock with a risky PR firm that was hired because the CEO has a pal there. And to pay that much money??? PR/IR is not going to help this company. They should have saved the money and worked harder on getting a GE deal done. The folks at MBS Value Partners are world class and did a great job for them, but it is all about execution and the company has not done that. A new PR firm is going to do nothing, especially one that is politically connected.
If you are in New York you twit you have access to a lot of money and institutions and the press. All you have in Wisconsin is cheese and #$%$ airports.