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