Isn't the point of the EC to protect shareholder interests? Why would try agree to a deal that wipes out shareholders? Doesn't make sense to me
In order to sublicense certain necessary intellectual property rights to Novartis under the License Agreement, AVEO has entered into an Amended and Restated License Agreement with St. Vincent's Hospital Sydney Limited ("St. Vincent's") on the Effective Date (the "Amended St. Vincent's Agreement"), which amends and restates the original license agreement, dated July 2, 2012, between AVEO and St. Vincent's. AVEO is required to make an upfront payment to St. Vincent's of $1.5 million within 21 days of the Effective Date. St. Vincent's is also eligible to receive up to approximately $18.9 million in connection with development and regulatory milestones under the Amended St. Vincent's Agreement. Royalties for approved products resulting from the License Agreement will also be payable to St. Vincent's, and AVEO and Novartis will share that obligation equally. Under the License Agreement with Novartis, AVEO is required to maintain the Amended St. Vincent's Agreement in effect, and not enter into any amendment that would adversely affect Novartis' rights during the term of the License Agreement.
If it went to 2.5 cents I'd definitely want to pick up more, think its kind of a fluke it even got to 5 cents though. Had it not been for that ferocious bear raid that destroyed the whole gold sector I have a feeling it would still be in the 15 - 20 cent area.
Now I'm just wondering if I should bite the bullet and try to pick up more at 5 cents.
Thanks guys for your replies.
I decided to buy more at .05 and have now bought my cost basis down to 2.14.
Just curious, especially about your purchases, winthor, since you have got your basis down to .25.
Are you aiming to get your basis down that low because you believe it needs to be that low so that yiu have abetted chance if coming out if this whole as a shareholder? Or is it more of s "lottery ticket" where you hope to come out a millionaire assuming things go our way in court?
I would love to get my basis down that low, I am just hesitant to keep pumping money into the stock off company that has declared bankruptcy, especially since this is my biggest ever loss on a stock.
I also don't fully understand how shareholders csn get their investment back let alone a profit, if the company has declared bankruptcy. Where will the money come from to pay shareholders if the company is broke?
Maybe some csn enlighten me about how this process might work. It seems to me unless someone steps in and buys the assets, there is, no way for us to get money here. And even then, how can we profit from a buyout if the company is bk? We are the last in line here.
If I have a clearer idea of how this could come out in our favor I may invest more.
I own shares of ANV with a cost basis of 3.38.
Since bankruptcy I haven't bought more, but I'm looking at the price now and thinking about it.
This doesn't seem like the typical open and shut bankruptcy case.
We've got an EC. And I just read about the Private Examiner. Seems clear fraud and foul play were involved. In light if this I think chances are better here shareholders won't be wiped out and may even be compensated in some way.
I've seen on this board a few people saying they've been buying more shares to lower their basis.
What is a good basis to aim for to better my chances of recouping my losses?
If I get my basis down to $2 do I have a better chance of recouping my losses? Or should I be aiming for $1?
Thanks for your input
How did you arrive at those odds?
And if you really think it's just a gamble, why are you investing here at all? Why not just go to Vegas?
Do you keep up with the news, are you familiar with the lawsuits and the facts of the case?
If so, you know the government is I violation of the law, even as it defines the law in its own documents and and doesn't have a leg to stand on.
Fnma is under conservatorship right now, legally. If you understand what that means, legally, I think you would have a good reason for investing here, whereas right now you make it sound like you're just playing roulette.
Don't get fooled by traders. Be an investor.
All stocks have huge price fluctuations in the short term. So what? Investors don't care. Fnma fluctuations are bigger and faster than many stocks but high volatility doesn't make something a gamble.
Also not sure how you got burned? Did you sell for a loss in the past instead of holding your shares? If you did that was your mistake. Jo one forced you to sell. No investor would sell. That's why you shouldn't trade if you want the big payoff that comes with longterm investment. Trading is gambling. Investing in FNMA is not.
You can find the article on the website: housingwire
Article is positive but user comment is misleading. Someone here should educate him
35 per share, you mean? Nothing less would be reasonable as a rise in pog will confirm soon enough
It's always darkest before the dawn.
Aveo no longer met klarman's investing criteria. He always cuts investments that lose a certain percentage or fall a certain amount. He does this to preserve capital , regardless of future potential.
Ironic though: he disposed of his stake right before a major positive transitional event: aveo got EMA submission eligibility! So it may turn out that the FDA rejection that wrecked this stock will be redeemed by EMA approval. Chances are much better with the EMA than the FDA. And will result in a big price reversal. But Klarman won't be around to enjoy it.
Think about the value this company represents. Try to come up with a reasonable valuation based on that.
If it sold for 2 , it would be selling for .80 more than net cash.
Does that seem like a fair valuation to you? The medical assets the company represents are worth .80, worth less than the cash it has?
Bashing on this board has definitely reached beyond psychotic proportions.
I decided to get serious with the ignore function and have found that after putting the bashers on ignore, about 99% of the messages are gone.
Crazy the lengths some short funds will go to to defend a position and even crazier how low some people will sink just to make a few cents on each post. Yes I know some of these people post 100 times a day, but it's still a sad, unethical, and impractical way to make money.
Nice to see some actual news posted here, and something relevant to AMD's business.
Interesting there is no reply to this and no discussion in the thread.
Meanwhile bashers have managed to create bloated threads full of "short and distort" fear tactics and take over the board.
I am starting to get more strict with my use of the "ignore" function. Too much time wasted by sheer drivel.
AMD is "virtually bankrupt."
Better send the memo to Microsoft, Sony, Verizon, and Apple.
You clearly have information large companies doing business with AMD lack. I'm sure the executives at Microsoft, Sony, Verizon, and Apple, would appreciate it if a chronic Yahoo msg board bahser were to share his wisdom with them.
What are you waiting for? Stop wasting your time here and take your bankruptcy gospel to the offices of these corporations. Get on it, man!
talk is cheap, cheetah.
since you claim to know for certain the OP is making a big mistake, lay out the correct "course of action" he should take.
Put your money where your mouth is, since you claim to know.
What would you have the OP buy as opposed to VALE?
Do you want him to go long SPY at these levels?
Should he buy one of the overvalued megacaps that has been going up non-stop since 2009?
What should he do?
Since you are benevolent and knowledgeable and obviously here to help out less knowledgable people, tell the poster HOW he can correct his mistake.
It's doubtful we'll need to wait 5-10 years to see what happens with VALE. A big shift in the equity and commodity markets could take place at any time.
You tell the OP what to do, and we'll all meet back here in 2016 to compare, and see whose plan is working out best so far, yours or the OPs.
here's another example of a smart investor: Seth Klarman, with his purchases of IDIX. Lots of short term traders were mocking him on the IDIX msg board when IDIX was trading in the 3's, because short term traders have very little understanding what smart investing means. most of those short term traders were short IDIX, just as you're short SNTA. Might want to take a look and see how that whole story turned out before you take on any more ill advised risk. I know serf-importantly mocking a billionaire on a yahoo message boards makes you feel good now, but I doubt you'll consider this small pleasure worth cost, when you end up losing your life savings.