not at all! A Merck or Aztra Zeneca or others will just make a hostile bid any time they want to, wether the company management likes it or not!
In fact it just means a low ball figure is off the table and company wants at least what their competitor received from Aztra Zeneca..... 2.7 billion 60+ a share
no penalty to redeem any time. This is just to give market confidence to squeeze all the shorts who bet the company needed to do dilutive stock offering before they get bought out. Now for 1.5 million they don't have to pay interest and may redeem anytime if purchased......thats a win / win!
look out shorts tomorrow is going to squeeze ya good!
Company now in drivers seat with buyout negotiations, they don't need cash, they have a great billion dollar drug and competitor who's drug is questionable to get full approval without black box warning. Stock will run into 20's. Debt offering can be paid off early without penalty in case of buyout.
buyout still on with multiple parties interested and your short! lol
competitor will at best get a black box warning and worst case DELAYED due to more testing!
shorts will get squeezed on news as company has sufficient cash to bring it to cash flow positive!
all those shares short will get squeezed as buyout is still in the works!
deal coming as big pharma are needing acquisitions of growth drugs in billion dollar range +
well lets see idiot...........maybe one has 30 billion in debt and one only has 5 billion
one has earnings that will be at a record this year and drug royalty stream that could be sold for billions......geee i don't see a difference!
i see that in the charts today too and decent accumulation volume come back the last two trading days. Deeply oversold and large short interest will lead to a big short squeeze on any positive news out of the company!
PRGO will jump on it this time!
lol........really? They have 1 billion plus in free cash flow and royalty stream from drug that could be sold for multi billions and only 5 billion in debt.......hardly a scam with high debt like VRX!
get lost shortie!