When after hours trading is thin, you'll often see strange pricing. Could be two things...someone screwed up and sold their shares cheap by accident or screwed up entering the limit order by putting $1.11 instead of $1.21 or $1.22.
They may have priced it lower so it would be scooped up immediately to liquidate.
Read my previous post. I contacted investor relations, RNN hasn't even set a date for Q2 release yet. If you doubt me, go to the Rexahn site and email IR yourself.
Topper....I went on the Rexahn website this morning. They have a contact tab at the top. I wrote a scathing comment to management expressing my displeasure with the stated goals of 2010 and what we've been fed so far. I doubt anyone will respond, but if they do I will post it out here.
Earth to Dr. Ahn, Dr. Ahn.
For God sakes can the guy throw us a bone or what? All those stated goals and here we are well into the 3rd quarter, with really no substantial news on any of the candidates.
Has the Seradaxin trial been designed? Who knows?
Has there been any progress on the compounds with Teva? Not sure?
How bout' Zorexal? Ya got me.
Anything on Archexin? Couldn't tell ya?
According to IR, Rexahn has not announced a date to release earnings. All they could tell me was that they usually report later rather than sooner. I thought I had saw something on Yahoo indicating it would be Aug 11th, apparently this was incorrect.
It's time for Dr. Ahn to deliver. Thats all there is too say. He screws up now and the PPS will plunge. Next time he opens his mouth he better have something to say.
Whats going on topper? How you been?
I agree fully with your statement. We need some real news here. Give us something. Updates on all trials, whats going on, everything.
Get off your rump Dr. Ahn. Stop letting us down....
"John Brady, senior vice-president at MF Global, said: “A lot of the drop we have seen in trading volumes during June and July follows violent changes in markets during the preceding months.”
"July was a miserable month for trading,” one senior banker said. “If August and September don’t rebound sharply, banks will be forced to cut jobs.”
US banks with Wall Street operations are bracing for a slump in trading profits this year after the third quarter got off to a poor start, with global economic uncertainty and Europe’s sovereign debt woes leading to a slowdown in market activity in July.
Executives said volumes and profitability last month were even lower than during the sluggish second quarter, with hedge funds particularly reluctant to take big bets on equities.
Hate to say it folks but MF earnings for the next many quarters are going to suck. I'd set your stops.
You really think they can ink a partnership at this point?
Nothing I love to see more, I think the more time that passes without that deal, the less likely they are to pull it off.
Nothing. Just dead money. If they don't do something soon, the PPS will not hold up. It's only going to take a few big sellers to really knock this thing off it's feet.
Just more of the same from Dr. Ahn. Continually promises goals being met and then delivers nothing. What have they done in the last 60 days? Formed some fantastic advisory board. Come on. Thats hardly news.
I can say with certainty they were unable to partner both lead candidates. Frank came on board in early June and fired off a private placement in less than two weeks. I think it's obvious now he wasn't brought in to negotiate a partnership.
If you write off the partnership, what does that leave? A very small milestone payment from Teva....maybe. A read out on Archexin. No guarantee there either, on the quality of data or when we might see it.
Investors have granted Dr. Ahn a lot of slack since his monumental screw up of Serdaxin data at NASDAQ. You have to wonder how long people are going to hold out waiting for this guy to do something before RNN shares get dumped en masse.
No news, no volume, nothing. Just withering away like a smelly pair of underpants on the laundry room floor that no one wants to touch.
Smelly RNN....starting to stink around here.