I caught the end of one on E! the other day and thought it was different. Seemed like the audio track had a more upbeat tone to it.
Sentiment: Strong Buy
Today's action is a good sign. Overall market down, light trading and ARNA share price rising. Too many positive things on the horizon and people are realizing that fact.
Sentiment: Strong Buy
Every day that passes with more people using Belviq, losing weight, getting healthier, and no serious side effects is a good thing.
Hopefully you didn't have an eating binge to compensate for the temporary depression we all had after watching the Pack melt down in the last 5 minutes of last Sunday's game. Go Pack Go!
Good for you! Assuming your narrative is true, it demonstrates that effective weight loss is accomplished by modifying the brain receptor that makes people want to eat. Slow steady weight loss and the body recognizes it doesn't need all of those calories either. A much better solution than using stimulants, or trying to restrict ones diet with will power. We all know those don't work.
The first notice that 21 million shares were being offered with no mention of the price created uncertainty. We all know what happens in the market when there is uncertainty and it happened this week to ARNA share price.
Unfortunately obesity is still considered by many to be a self inflicted condition. Pharma's developing meds for other disease and illness are considered more worthy. ARNA and Eisai have been working hard to demonstrate the difference between an overweight condition and obesity and are slowly making progress. At this point Rx numbers for Belviq need to continue to rise and continued progress with the pipeline needs to happen.
First of all you are not alone. No one has a 100% understanding of actions that occur in the market. That being said, when a secondary issue of stock is made there is usually a negative response and cries of "dilution". Investors worry that their shares are being devalued, etc. If a company doesn't have a good plan for using the new funds, announce it, and convince investors that things are moving forward, then everyone assumes they have balance sheet and cash flow problems and are using the stock issuance to bring in money just to pay general operating costs. The days that passed without an announcement of the pricing of the secondary fueled lots of negative speculation as well. As you see, the result was a drop in the share price through Friday. The next step for ARNA is to demonstrate that the capital funds raised with issuing 21 million new shares are being used effectively and moving one of the ADPXXX development programs along.
Prospectus dated January 20, 2015)
We are offering 21,000,000 shares of our common stock. Our common stock is listed on The NASDAQ Global Select Market under the symbol “ARNA.” On January 20, 2015, the last reported sale price of our common stock on The NASDAQ Global Select Market was $5.29 per share.
Investing in our common stock involves a high degree of risk. Please read “ Risk Factors ” beginning on page S-8 of this prospectus supplement and the documents incorporated by reference into this prospectus supplement.
Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this prospectus supplement or the accompanying prospectus is truthful or complete. Any representation to the contrary is a criminal offense.
The underwriters have agreed to purchase the common stock from us at a price of $4.8139 per share, which will result in estimated net proceeds to us of $100,771,900, after deducting estimated offering expenses payable by us. The underwriters may offer shares of our common stock from time to time for sale in one or more transactions on The NASDAQ Global Select Market, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices.
Delivery of the shares of common stock is expected to be made on or about January 26, 2015. We have granted the underwriters an option for a period of 30 days to purchase up to an additional 3,000,000 shares of our common stock. If the underwriters exercise the option in full, the total estimated net proceeds to us, after deducting estimated offering expenses payable by us, will be $115,213,600.
Drill rigs shut down with no new starts for now. That means no frac waste to dispose of. This isn't getting any better soon. No sense selling now though, since any additional losses are trivial.
The number of oil and gas rigs in use in the US fell by 43 last week to 1,633, according to data from Baker Hughes.
This is the lowest level since the week of August 6, 2010.
The drop in rig count last week was comprised of 49 oil rigs falling out of use and 6 natural gas rigs coming on-line. The number of oil and gas rigs in use is now down by 144 from a year ago. Oil rigs in use are down 99 from last year to 1,317.