Forget the current PPS of KERX right now, you should learn this about biotech companies. 1) The best gains for a bio is between Phase I and Phase III results. The fanfare leading up to FDA approval is just about inflating the price so the shorts have a high entry point. 2). Do not hold your shares through approval. as we see you can buy them back at a steep discount (+/-) 40% in a matter of months. 3) Plan on 1 if not 2 secondary offerings. This lets the big boys in and it gives the company the cash infusion they require to market and launch their product. 4) Never assume a blockbuster right out of the gate. It takes time to do it right. Even the best of drugs take time to saturate the market regardless of how effective they may be. 5) Unified insurance coverage takes a good 6-9 months to roll out which will ultimately help the PPS of the drug. 6) Don't get hung up on waiting for the NCE. it really means nothing in the scheme of things. 7) Most bios pull back to much lower values if not single digits just because they can get manipulated to do so. 8) Weekly scripts do not guarantee a straight line up and to the right out of the gate. There are many more things to remember but you get the point. Learn for this and double your money on the next one using these tools as a guide on how to invest wisely.
1. Sales of a total of 338,977 shares of common stock were made between December 23, 2014 and December 29, 2014, at an average sale price
of $13.98 per share, in order to satisfy Mr. Bentsur's income tax withholding obligation upon the vesting of 766,666 shares of restricted stock on
December 22, 2014, pursuant to the terms of his employment agreement and the achievement of a corporate milestone. Mr. Bentsur had no
discretion with respect to such sales, which were transacted automatically in accordance with the Issuer's corporate policies regarding the vesting
of restricted stock.
Just a normal thing here, happened every year to cover his withholding taxes. Sorry shorty, Ron's not bailing on the company, no there's nothing wrong, no the sales numbers are not going to be weak. There, I think that about covers it.
My advice to you is to stop investing! You obviously don't know what you are doing and now you want the lawyers to bail you out. That's what's wrong with America! Too many losers like you that are willing to let ambulance chasing law firms make up for your lack of knowledge. Good luck with getting pennies back on your dollars. The law firms are out to make themselves money at your expense, not the other way around. You'll see.
If Ron was the product development guy, the FDA approval guy and he is now gone, that tells you that KERYX is not looking to develop anymore drugs but rather will eventually sell the company once the last Phase III results are in in Dec/15. You don't need a product development guy if there is no pipeline??
He did the same thing over at KERX until he decided to just move on when he stated that he was going to be "LONG" forever. Well that didn't last now did it. Why does he always feel the need to call the IR departments of the companies he invests in? He does it to develop artificial credibility in the minds of those on the board to get them to buy more stock and when it does go up, he bails and moves on. I think he has a problem and he can only post when he gets free internet time at the funny farm.
The shorts know what's coming in the call on Friday and they are dropping it as low as possible so they can cover on Thursday late afternoon and ride it back up as a "long" Friday at the open. This way they make money both ways. $10.96 is still the support point for now?
Before EOY /15. EMA approval will get us close along with increasing scripts but positive Phase III for CKD will get us to about $22 IMHO.
Look at the intra day low formed on March 2nd and the intra day high formed on March 3rd. If you notice we are forming a pennant. If you connect those highs and lows with today's close. This is a strong sign for an extreme move one way or another. Most likely up after approval.
Do you notice that you don't get many responses to your posts? Want to know why? Because you are on everyone's IGNORE list. So stop wasting your breath. Back on for now.
Look for heavy volume in AH tonight with little change in PPS. The you know this thing is rigged. Now I know why shorts, short so much. They have the backing of their buds that watch their #$%$.
Race to the 52 week level and an even quicker drop right back down. The shorts are losing right now but they will get there shares back next week. You can count on it. Don't be a hater. I don't own this one anymore and not looking to get back in but the move up is too fast to be sustainable. Just be careful. Take some off the table while you can. Pigs get fat but HOGS get slaughtered!!
Just another short trying to twist the truth. For the record these ambulance chasing law firms are not looking to sue OREX at this point. They are looking into the latest news to see if they have a case to present and looking for lead plantiffs to join their cause. Most of these never get to court because they are unfounded. Just take your losses and go home. You will not survive on this board with me here!!