Organize the shareholder and get them to vote NO. That is within your rights as a shareholder to voice your opinion and vote, if you can get a large enough following behind you to vote the same way then you are good.
VVUS and OREX both have traded less then 2 million shares today so far we are almost 3.7 million shares. To many still leaning on the stock and putting pressure on it.
Cramer once bragged about how with a couple million bucks and a well placed false opinion can move the markets any direction he wanted, its called Fomenting. He is the king of fomenting and they believe if you say something enough times and put it in print enough times then the sheeple out in the world will believe it and follow the advice right over the cliff.
He did it with Sirius XM while the stock went from .05 a share to over 4 bucks last year in just over 4 years. Constant bashing, sell sell sell, calling it a used lottery ticket and in the end it was almost a 8,000% from the bottom. Funny thing was out of nowhere he loved it and blessed it after it had walked up to 1.50-2.00 a share... You can bet he and his friends got their shorts covered and even managed to get long and make millions on it.
Nothing is at it seems on Wall Street.
So what does all this tell you? We have nothing but great news out there. And mountains of evidence that prove all the FUD and bashing and blogs stating the drug does not work are all wrong. So what is really going on is not what the price or the media and blogs would lead you to believe.
Don't get frustrated because the company was not comfortable going forward giving guidance. Consider they have missed a lot of their guidance goals and until they get a handle on what is happening and a realistic time line, it is smart to say nothing about guidance.
With that said, they are doing great and way ahead of their last guidance. Hospitals are starting to get on board. We will see more for Q1 and the numbers for Q2 are doing great as I am hearing.
Which of these would you like to debate? Don't just hit and run, post nonsense and never come back to this thread.
1st FDA approved weight loss drug in 14 years. Safe and effective. Over 100 million potential patients and when Belviq indications are expanded that number grows to over 130 million patient population... Belviq is being tested with Phen and it appears it will become the holy grail of weight loss drugs that everyone wanted Fen Phen to be, but it will be safe and more effective. Belviq has many indications that are entering trials soon. Partners lined up and paid billions just for the right to market the drug. Minimal debt, 230 million in the bank, great GPCR technology with patents galore. Multiple drugs in pipeline based on their patented technology that are each multi billion dollar block buster drugs if they are approved down the road. Taking market share for 12 weeks in a row and scripts continue to grow, expanded marketing that included television Monday April 14, doubled the sales staff starting this year and it appears another increase in sales staff of 50% by mid year. Eisai has lots of cash and needs Belviq to become successful, they have bet their future on it so they are motivated to make things happen.
Heck I could go on and on.
Ads have only been running for 2 full days, it was stated over and over these brand building patient awareness launches take time lots of time. 30 days is not enough to so how will 2 days be enough. They will need to run TV, print and internet advertising campaigns for a very long time, would not surprise me to see them going for 6 months and then stopping and then picking up again next weight loss season with maybe some results. Maybe blood work, lowered insulin requirements some weight loss...
130 million potential patients, the market is plenty big enough to make us a multi billion dollar a year revenuer.
If you want to make a lot of money, do the opposite of what Crammer is spinning. His wrongs are worth a lot more then his rights... He is right only half the time, you could throw darts at the stock pages and get the same results.
OREX is priced entirely on speculation and future approval and potential... The truth is even with an approved product it wont' be worth that much. All stocks price in future growth and that is why ARNA is selling for a premium because the market they serve is a multi billion dollar a year market...
You think the sellers of those original options are buying them back and closing them? Or do you think they are betting we go up before Friday on the April ones?
Nope, loopholes for shorting still exist for market makers and their top clients... Several have gone to jail and paid fines just recently.
You see that is how they deal with the elephant in the room. They dismiss it as conspiracy rants and say it really is not happening.
The lawsuit between Overstock and the banks concerned a phenomenon called naked short-selling, a kind of high-finance counterfeiting that, especially prior to the introduction of new regulations in 2008, short-sellers could use to artificially depress the value of the stocks they’ve bet against. The subject of naked short-selling is a) highly technical, and b) very controversial on Wall Street, with many pundits in the financial press for years treating the phenomenon as the stuff of myths and conspiracy theories.
rollingstone DOT c0m/politics/blogs/taibblog/accidentally-released-and-incredibly-embarrassing-documents-show-how-goldman-et-al-engaged-in-naked-short-selling-20120515#ixzz1v0HLbfvH
He proved his case but in the end the courts said the crime did not happen in California and had no jurisdiction over it. The discover was very damning and Goldman, Merril and others tried like heck to seal the discovery so it could not be made public.
Lets not be to harsh on this guy lets see if he actually understands Reg SHO, please explain how Reg Sho proves there is no naked shares?
People are losing 30, 40, 50 pounds an more in just 6 months. In the real world this drug works for those that can't stay on a diet because they are food addicts... You can say it does not work very well over and over but that does not make it true. Belviq will work for 1/2 of the people who try it and taking Bel Phen will work for half of the responders. So 75% of the folks out there that are obese can cure themselves and get healthy taking Belviq and no longer be considered obese. That is great news and Arena will make a lot of money doing this. IT is a win win, drug works getting people healthy safely and company makes good money not gouging the patients making it affordable for all....
Hey chicken little, who elected you the town crier? All you do is bash and misrepresent the facts... You don't really add anything of value to the debate...