I totally agree, then dont lie about it, be transparent and truthful with you shareholders.
Robert Hoffman is incompetent and a liar. Was asked asked point blank on last call with cash burn up and Belviq sales slow are you going to have enough cash. The liar aaid he can manage his cash position as it was. The BOD of this company has violated their fiduciary to the shareholsers.
Of next year... Not this year...
We did not go that low during trading hours so they took it that low after hours where the liquidity is at its worst. ZZZzzzzzzzzzz
This is why I believe we should have had a per bottle base price regardless of what they chose to do about marketing. Say base price is 30 bucks a bottle.
Well, I am not to excited about that price change. To go from 200 wholesale 240 retail all the way to 75 bucks retail for those without insurance seems way to desperate and drastic. Why would an insurance company be OK spending 240 bucks retail when everyone else without insurance will spend 75 a bottle. I know my doctor can't give me a cash discount equal to the insurance prices or better or he can get in trouble with his billing. Not sure how that works maybe someone who does that can explain.
Why not come out with a discount the guarantees long term use. Tied to the number of months you have been on the drug. Why not start at 125.00 per month for the first 2 months filled, 110 for the next 2 months filled and 100 for the next 2 months filled. Or something like that.
That was not the change I was looking for.
I believe it was too much. They waited so long to do something and the first thing they do is destroy the value of the drug.
D was not kidding, they are shaking things up this season. TV ads picked up in a huge way the last 4 weeks and they have changed the pricing.... I would say that is a lot different then last weight loss season.
Martin Luther King day markets are closed are they not?
The point I am making, or the thesis I am looking at is that a buy out if it is going to happen, has to happen before we sign up to many more marketing partners for new drugs in pjpeline. Is a buy out coming? Dont know but after we have a few marketing partners for PAH and Auto Immune drug it will to hard to structure a deal.
We will start pricing in that outcome soon.
I was referring to a buyout the closer we get to 2016 the less likely a buyout will come and if we get to 2017 I think it will be off the table.
I agree, but if a buy out came in today at 5 billion you think a majority of the retail would not jump on that? That is about 22.75 a share up about 400% from here..
I personally would rather stay it alone and get 3-5 drugs kicking out huge cash flow to pay dividends on my stock. And the closer we get to Christmas 2015 I think the closer that reality comes to pass.
Big Pharma badly needs promising pipelines and patented drug technology to fuel their future growth. Waiting to buy Arena could be a very costly decision if they wait for 2 or 3 drugs to be approved and partnerships to be put in place for the drug all over the world. It puts to many restrictions and barriers for a future buy out. To many will have their protection in place like Eisais stand by agreement currently in place.
Am I saying Arena is getting bought out? NO But I am saying if a buyout were to come it would need to happen sooner rather then later. Because later will have way to many moving parts. And today Arena is attractive because in a buyout all the BP is buying is R and D and our drug portfolio and patent technology and only one of the drugs having a distribution agreements in place. The rest are open for the acquirer to market. They are not buying a sales staff, and back office distribution staff and all of the support that goes into marketing and distributing a drug successfully. The longer they stay on the sideline the harder a deal will be to put together.
Another question is will Arena management even consider an offer to buy since they do not hold much stock in the company. Retail controls this company and would jump at the chance to sell at 3-5 billion today.