Exactly! Bring in a CEO that can sell ARNA and it's patents and pipeline to Wall Street! Jack couldn't sell bottled water in a desert.
Jack is not a scientist and most certainly not a CEO. Bring in the new blood, the talent. Finally, a ray of light.
We will be back to $8 within 6 months. Thanks be to baby Jesus!
Unbelievable to think we can't even get a simple PR keeping retail investors up to date on even the tiniest bit of good news. That is how sad Arena Pharmaceuticals is regarding IR and PRs.
No kidding! In fact, in just 2 months Arena fell $5.20 to $1.80! Amazing! It will only take 200% gain to reclaim that loss. With Jack Lief in charge that shouldn't be a problem.
Seriously? Really? That absolutely killed a run that may have led to a $2B market cap which is where RCPT was at a similar stage in development. Rather than let the good news soak in, rather than promoting yourself to retail and institutes on the coat tails of RCPT, Jack in all his wisdom dilutes immediately.
I think $1.81 has made you delirious.
No doctors don't know it. That's the problem. Poor sales force. Poor marketing effort. You cannot correct that. Eisai failed with Aricept, a drug that literally sold itself, enter Pfizer, multi billion dollar blockbuster.
All great ideas but why would JL and BoD voluntarily give up on the piggy bank? No pay for performance just free money which grows from the trees in San Diego.
Never short. In 2010, bought at $4, sold at $6, watched it go to $8, felt bad for selling too soon, then the rats! Oh man the rats. Bought again around $1.50, market order to sell all shares after the halt in 2012, filled at $11.40 or so. In 2013, naked puts and covered calls on assigned shares. Nice premium for the volatility. Anyhow. galenamademerich? Thoughts?
How about in January with the huge announcement on ADP-334, 100% gain which could have carried ARNA to an RCPT valuation in time with a little bit of self promotion and patience, killed the momentum, killed the shareholders, with an immediate 21 million share secondary. That was the beginning of the end. Chapter for 2015 is now closed.
Don't forget this doozy of a statement!
“As of the date of this prospectus, our amended and restated certificate of incorporation, as amended, authorizes us to issue 367,500,000 shares of common stock…”
Held call options on DNDN at a strike of $9 that I sold at $21. True it went to $50 but oh well. Who would have guessed.
How about you walk over to GALE with a new ID, galenamademerich, some time soon. When it moves it really moves. Loading now. Data out shortly.
You don't think they averaged up as Arena hit $13? Doubtful. Shorts are way way ahead of the game. Don't you remember? 67 million shares short at one time.
Nope. Did great in 2010 with AdCom 1 and 2012 with AdCom 2. Expensive naked puts and covered calls in 2013 when the price was stagnant at $7 to $8. Perfect. Way ahead overall but I am looking to buy and hold and sit tight for an ACAD or RCPT run. With Jack I don't think it's possible.
Yes. Please review Jack's history with Deerfield and how Jack did a secondary to bail Deerfield out of a very uncomfortable short position.