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Affymax, Inc. (AFFY) Message Board

investorxc 4 posts  |  Last Activity: Aug 14, 2014 11:34 AM Member since: Jul 17, 2006
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  • Reply to

    Valued at 75% of cash

    by jan31 Jun 10, 2014 1:25 PM
    investorxc investorxc Aug 14, 2014 11:34 AM Flag

    Jason N. mentioned in the comments section of the last article he did for ICO (where he covered the negative 007 results) that he might do an article covering AMP B so let's hope so. I've been exchanging emails with Michael Moore with Investor relations. As of a week ago, the CEO is confident results will be out this month for Amp B. When there has been big volume, particularly on the Canadian exchange, the price has jumped which is a bullish sign.

  • Reply to

    Valued at 75% of cash

    by jan31 Jun 10, 2014 1:25 PM
    investorxc investorxc Aug 14, 2014 12:32 AM Flag

    I got an email response from the company a couple weeks ago- Amp B results are expected before end of August. They have been delayed because they go thru a third party apparently. I expect them to be positive and maybe another article from Jason N. to come out- stock should be 15- 20 cents right now.

  • Approaching 4 million shares today- even larger than 2 days ago when the IIROC requested the company to confirm that there was no news. it appears some larger entities are buying shares. Stock is worth 15-20 cents and AMP B results will be out any day now. Results should be positive and we should see a nice jump in price. Really no downside at this level.

  • investorxc by investorxc Jun 19, 2014 12:27 PM Flag

    Jason N believes the remaining assets of the company are worth 22 cents per share, so 4 TIMES what it is currently trading at. But he discounts that because of concerns of raising more cash at today's depressed price. But management reiterated to him several times after he wrote the article that they have enough cash to last until 4th quarter 2015 and they have no interest in raising money until after results are in for ICO 007. Assuming the price goes back up to what it is worth in the next 6 months, the concern of raising cash will be reduced. AMP B is still due out before the end of June so hopefully we'll see a jump in price soon. Just the cash and the shares of Immune Pharma alone makes this stock currently worth about 8 cents per share. i still can't believe the price tanked to 5 cents- really thought it would drop to 15 cents but certainly not below 10 cents.

AFFY
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