I'm sure they won't make that mistake with RLYP knowing their are other bidders wanting it.
wait till news organization picks up the baton and reports "credible source" lol, shorts will dirty their pants again for the zillionth time!
The financing deal was just cosmetic to show they are covered if need be to go it alone and put a death nail into the shorts thesis they were going to dilute stock with low price issuance. It also gives them credibility to those that made low ball bids for the company thinking they were desperate for cash. They are in the seat driving this now, so when companies come knocking they can say get lost if your not willing to pay up.
PDUFA will cause a lot of interest in next few weeks. Any rejection, black box warning or delay will cause RLYP to rally hard and likely draw takeover bids
he is right on! It's ruined INVESTING in america. Now its this computer generated trading back and forth between them to make a few pennies a billion times a day! The problem when you have trillions in funds that can totally manipulate stock prices to what they want them to be and usually has nothing to do with fundamentals of a company or the economy.
have to agree this is bottom and due for buyout talk before Z9 results at the end of the month
next weeks earnings.......or lack of them is going to be ugly for PRGO
the ugly will likely be the size of the write down and forecast
I read where FDA is going to move quicker on getting generics out which will eliminate the year or so that generics were able to keep prices higher than they would with competition. Seems from forecast and big misses in earnings that it has started.
write down could be big and forecast on already lowered earnings could be ugly. 90's won't hold up, could see 70's
basing here, not unusual after yesterday but ready to ignite with big short interest that is trying to cover now with big earnings beat and companies lined up to buy company out on any news on competitor.