The way I look at it is this:
SPPI management is confident that the PPS is undervalued and they also believe in the Pipeline. As a result, they are willing to pay the hedge costs and warrant costs to ensure that there is little to ZERO dilution, at their election, below $14.03 PPS.
Now, that is a statement even if they have to pay for it.
The Company virtually has an entirely new management team. 3 or the 4 Top Executives are top-shelf and are gradually asserting more and more control. You are living in the past.
It is irrelevant. Now, you are no different than your view of Raj. Just the same. You are misleading investors just as you seem to think he did.
PPS has gone up a lot since March 21st and yes it is a 63 month Six Bagger. Quit crying.
Could this take SPPI over $500 MILLION or more in total Annual Revenues? This is a big deal given the existing $170 to $200 MM annual run rate at Breakeven. Any thoughts?
Glad you guys are having a '"group hug". Cute.
You are down 46% since MARCH 21st. SPPI is a SEVEN BAGGER. You are absolutely getting taken to the woodshed. I look forward to watching you drown in your losses. Of course, you both don't own any shares LMAO. Real macho guys you are...
mastershortseller, a racist bigot
Yes, I agree. Based on the wording, it seems that it would be a one-time payment based on cumulative Marqibo sales over the years. Not sure, but that is my interpretation too.
"The gang of twenty has continued to dissipate until only a reflection of its former self with only the slow idiots left who have nothing new to add or say other than their sound bites regarding Raj or his compensation or Raj or his compensation."
This refers to you. Key words: "only slow idiots left". rinse and repeat...rinse and repeat.
When people LIEI feel it is necessary to disclose their untruthfulness. Pippo is stockstoshort. Pippo just posted under the wrong alias for stockstoshort and retracted it. Pathetic.
An unadulterated liar. See you at $25. or much higher. Likely MUCH Higher!
Happy Holidays Candide!
I agree with you 100%.
If Apaziquone hits, or Marqibo and Capistol-enabled Melphalan take off this is a different deal. $40, $50 $60 PPS pre-buyout. SPPI's low cost structure will make SPPI a "cash cow" EPS generating machine even with all the ongoing Phase II and III studies.
Ken Keller and Kent Gustafson, the CFO, are great additions. A lot and I MEAN ALOT of SHOTS on GOALcoming up in the next 1 to 3 or 4 years. The longer SPPI avoids a buyout the better. This could be an AMGEN in the making. Raj and the Board are well aware of this and SPPI will not go cheap in my opinion. IF there is one area where Raj has 100% complete identity of interest with the Shareholders, this is it.
How can you judge otherwise? just saying. SPPI is cash flow positive by the way this entire year in 2013. What do you think the money is for?
SPPI already has a $75M revolving line which was used to acquire TOPO and SPPI has paid $50M off in the last 2 quarters which you thought were terrible quarters - Q2 and Q3 2013. FIFTY MILLION paid down. The Gorilla and Elephant are coming for you for sure. With the line of credit, SPPI now has access to $250 MILLION.
Here come Belinostat, Capistrol-enabled Melphalan, Apaziquone in the next 12 months. B just filed. SP-2012 on the way. Marqibo and Folotyn studies were off the chart at ASH.
Go get help. Please. It's the Holidays.
P.S. Read the Convertible Note terms when they are filed with the SEC.
We need to see the SEC filing. However, the warrants are intended to help the Company significantly minimize any dilution by hedging the PPS increase over the next 5 years. In addition, it appears that, subject to Shareholder approval, the Company is also seeking the ability to pay back the Convertible Notes solely and/or partly in CASH rather than by issuing SPPI shares at all.
"if the Company obtains stockholder approval in accordance with applicable NASDAQ rules, the Company will settle conversions of the Convertible Notes by paying or delivering, as the case may be, shares of Common Stock, CASH, OR a COMBINATION of CASH and SHARES of Common Stock, at the Company's election, based on the specified conversion rate. The Convertible Notes will mature on December 15, 2018, unless repurchased or converted in accordance with their terms prior to such date. Prior to June 15, 2018, the Convertible Notes will be convertible ONLY upon the occurrence of certain events and during certain periods, and thereafter, at any time until the second scheduled trading day immediately preceding the maturity date."
Guess you didn't get the message and need some help:
SPPI will now have an approximate $240 MM war chest in $190 M in available cash on hand and the remaining $50 M in LOC funds availabe to draw, if needed.
The LOC has to be repaid in cash. The Convertible Notes do not and have a balloon maturity in 5 years. The Convertible Notes are really only debt if SPPI at its election chooses to repay in cash rather than stock. The dilutive effect to the shareholders including RAJ is hedged.
Thus, SPPI management goes LONG again and gets access to another $100 to $120 MM in New Capital and then hedges so the Note Holders minimally participate in any likely strong PPS appreciation.
Kind of like sticking it to the shorts at their own game.....shorting against the box. The Gorilla and Elephant are on the HUNT now.
Lie. SPPI, at its election, may choose to repay the Notes with cash. The Note holder has no assurance that they can ever receive shares in repayment of the Notes.
Wrong! They do not give up the upside if they are "hedged" and, at the Company's election, there can be minimal dilution.
If SPPI is $40 PPS in 2018, SPPI will pay cash not issue stock. Since Raj has about 10% of the Company (including options), you can rest assured that is the gameplan.
Interest only semi-annual payments for 5 years. With the LOC, SPPI has a $250 M war chest. Keep your eye on Topo. The Gorillas and Elephants are on the hunt.
Did you speak with Bernanke and Yellen? Hell, you don't even know their first names. LOL
When the gnats show up.......LMAO Still what a Ride Up from $6.92 to $8.25 PPS since March 21st really bothers the nit nats. Does anyone have ANY DOUBTS?
pumperpooper.................. excuse me pumperpopper
AND IMHO's girlfriend....stinkee_stinkee_ho_hum
Really? This is what is out there? Yes, it really is.
Along with vomit breath, hollyriverMOOSE, viagra gal etc.
Now that was impressive.
1. never reach highs......
2. line pockets
3. thrown in towel
All superficial, paid basher, zero intellect cryptic half sentences with no punctuation.
What is your analysis of the capital fund raising terms and conditions including, without limit, the hedge and warrant terms?