Need to get Jack out. I do not trust him with the pipeline. I don't. I will double down at $1.50 I promise.
Rest assured that $1.50 is well within reach. I added at $2.85 or so and will double down at $1.50. Market cap will be a mere $300M at that level. Martin Shkreli's Turing Pharmaceuticals is worth double that.
Jack is an embarrassment to the extreme.
Arena IPO on 7/28/2000, 6 million shares priced at $18 per share offered.
After the IPO, there was 21 million shares outstanding in the company, giving it an initial capitalisation of $336 million, based on a $16 per share median price.
So in 2000, market cap was around $336M. Arena at that time had 85 employees. Fast forward 15 years. Share price now $1.90. Market cap $450M but wait... Wait for it... Wait for it... Outstanding shares? 242 million shares. Almost 1000% increase in outstanding shares for a 30% increase in market cap. Someone somewhere took a bath. I guess this kinda math only makes sense if you are both CEO and CFO. It takes a special kinda talent no doubt.
Job well done! My hat is off to Jack Lief and all of his insider cronies as well as friends and family of Jack, the king of nepotism.
At a share price of $1.90 giving us a market cap of $450M, not much if any progress has been made, unless of course you are Jack Lief in which case compensation over the past 15 years exceeds $30 million.
15 years post IPO with a market cap that remains unchanged, shares that have increased from 20M to 242M, with a share price that has fallen from $40 to $1.90, a history of executive behavior that is well documented. I would say the latter.
"We are the most non committed, UNETHICAL group, you will ever see."
That's smoke from us retail investors being burned by Jack's prediction of 2015 being the transformative year for Arena. Someone put out the fire. Please!
You're an idiot. Only Henry was long at $40. Played 2010 and 2012 perfect. Will double my position at $1.50 and continue to hold.
Name one reason why he would care? ARNA 15 years post IPO, market cap about the same after 15 years, however shares increased from 20M to 242M with a price drop from $40 to $1.90. Good job Jack. Worth every penny.
Share price can't wait either. By the time we hear something the price will be $1.50 in a flash.
145 patents per US patent office however no one is counting and patents don't mean squat unless they are monetized which Arena has failed to do time and time again. 15 years post IPO. Market cap about the same however shares when from 20 million to 242 million in the meantime while Jack collects over $1M per year in salary and another $3-4M in free shares and options.
No data, No news, Another 10% down on a daily basis. Arena is truly up the river without a paddle here.
Another ridiculous dog and pony show these past 2 days where posters were supposedly presented. No information, no data, no PR available. Nothing yet again. Jack and friends are jokers and are in it only to enrich themselves. 20% down since that junk PR.
Market cap $450M from nearly $3B almost 3 years ago, from nearly $1B almost 2 months ago. Jack has failed his company, his investors,
Another dog and pony show another 20% loss since that PR. Jack and friends have no clue how to increase shareholder value. They are experts at destroying shareholder wealth.
Retail invited to a SPAM and beans buffet. Water provided at no extra charge. Thanks Jack!
2015 truly was a transformative year for Arena. Thanks for nothing Jack. You're a swell guy
In the meantime, air time being sucked up for drugs like Jublia for toe nail fungus. Jack and Eisai deaf, dumb, and mute as always.
Because toenail fungus is truly a major pressing healthcare issue in modern times. Eisai is inept and worthless.