I don't think he will have the exodus you thinking. Some will leave, yes, but the BIO pharma sector has been crushed... and by the time that next liquidation opportunity comes( some time in April) that stock will have rebounded a lot from here.
I think that is why Bill Ackman is still holding the stock. Like Arena investors that understand the science and the value of the investment long term, Bill knows what the assets in Valeant are worth.
Seriously considering a Valeant buy here. A new CEO could turn this company around huge. A lot of assets to be unloaded for large profits and great potential... Should see spin offs, sales, and other options.
formed the last 3 trading days.... That does not fit with the bashers thesis and the naysayers under a buck scenario... Strong accumulation, someone sat there on the bid buying and providing support and moved up steady for the last 3 days.
There are many reasons why a person would sell stock options they have been given as part of their compensation? Maybe to buy a house, diversify, maybe they need it to maintain their lifestyle.
For the record I am sure it is not news to anyone that they will need to raise capital, so if it is not news for us to you think it was not news for them..... And if so knowing they would get more shares locked in at lower prices why not sell knowing that they will have to raise in the future. Does not mean they know anything bad is coming. If they did sell because they knew the study was data mined and going to fail that would indicate fraud on their part and help from the FDA to facilitate the fraud. I just don't buy it. But thank you.
What possible reason would you have to mirror anothers post like this? Why don't you try real hard to come up with somethung original and of value.
funny when you look at it.
After hours total volume of 118,500 and all of the trades went through at close 1.50 or higher and last 100 shares went through 1.46 -.04
For what purpose.... I will never know.
Now that they can no longer harvest stop orders this kind of game playing will become more prevalent in the future. Spread FUD, post an article, pounce hard on the stock then cover quickly...
Stop orders are no longer allowed, where have you been.
The New York Stock Exchange, in a statement, said it would no longer accept what are called stop orders, beginning Feb. 26, joining the Nasdaq NDAQ, +1.49% in barring them. Another order type called good-till-canceled also is being axed.
It is why we are seeing the big wide swings anymore. The big short houses that short to harvest stop orders can no longer look into the book and see shares available for harvesting.... Now the only big short houses left are the ones that do DD and make a longer term short play.
they are on the hook for 100 million in CVOT. So if they want to give us 100 million and the drug back I am good with that.
8355 shares traded after hours price unchanged. Don't care where the bid and ask are in the after hours. We care where the trades go through.
2016 quarterly burn rate expected to be 9-11 million so that puts us at 19-21 million at the end of 1st quarter.
If they raise before the end of next quarter I would see that as a real problem. Raising money before they released the results of the study would lead me to believe that the study had issues.... If the results were good to great they would release that data let the stock move up and then raise, if and only if they did not have a partner at the door or a buyout in the works.
Just my $0.02