Sam and Alex aren't Warren Buffet. They have no interest in running a company. They just want to make enough on their investment and run if the past is any guidance.
now, Qsymia can fend off any copycats at least until 2017 with the purchases. Meaning, don't have to battle out Generics for treatments of obesity that include the coverage within that patent.
this is a strong possibility "Short Sell Against the Box." short selling at the top, and have the control of the company so it's win-win for Sam and Denner.
based on the time of the purchases in 13d, $10 ~ $13. but, can't tell what they are doing behind the scene since they are hedges so they could have lowered their avg in some other way. Sam and Denner have been under water for other holdings (sitting as directors), and out at the lower than the entry price, so there might be double dealing.
yahoo is filtering something so here, we go:
Top holdings in play at the annual:
*ASPEN 9+ mil
*FIRST MANHATTAN CO 06/30/2014 9,243,653 (161,791) (1.72) 39,286
*NORTH TIDE CAPITAL, LLC 06/30/2014 9,000,000 9,000,000 New 38,250
*STATE STREET CORP 06/30/2014 7,478,771 588,999 8.55 31,785
VANGUARD GROUP INC 06/30/2014 5,591,029 4,505 .08 23,762
*TAHITHROMOS, L.L.C. 06/30/2014 4,924,550 627,079 14.59 20,929
*BLACKROCK FUND ADVISORS 06/30/2014 4,560,193 647,254 16.54 19,381
*CREDIT SUISSE AG/ 06/30/2014 4,510,991 265,691 6.26 19,172
*Samuel 3+ mill
*MEDITOR GROUP LTD 06/30/2014 3,178,616 0 0.00 13,509
*BARCLAYS GLOBAL INVESTORS UK HOLDINGS LTD 06/30/2014 2,900,805 (161,494) (5.27) 12,328
*SARISSA CAPITAL MANAGEMENT LP 06/30/2014 2,573,943 0 0.00 10,939
*STATE OF NEW JERSEY COMMON PENSION FUND D 06/30/2014 1,500,000 1,500,000 New 6,375
*STATE OF NEW JERSEY COMMON PENSION FUND A 03/31/2014 1,400,000 1,400,000 New 5,950
*NORTHERN TRUST CORP 06/30/2014 1,168,405 (162,134) (12.19) 4,966
*DEUTSCHE BANK AG\ 06/30/2014 1,029,598 (413,185) (28.64) 4,376
*CORVEX MANAGEMENT LP 06/30/2014 912,706 0 0.00 3,879
Except Vanguard, they all are in play.
Proxy has the information on shares from the 13ds filing that's not accurate counts.
NorthTide had 6.5 mil in 1q, and has 9mil in 2q, and fmc has about 12mil and sarissa at around 3, so about 15 mil total.
either Aspen is novice or stupid. they shouldn't have filed 13d before the annual meeting is set or announced. So, in defense (pre-emptively) Sam is playing the game by depressing the pps so Sam's buddies can accumulate the shares at the ultra low pps., Hoping that Sam should realize that the average pps is going down and it could be at his disadvantage. I saw a huge jump in new institutions and purchases during the 2q so, hoping it's not FMC's buddies. FMC and Sarissa don't have a good track record on enriching minnows (retails) so, just hoping other hedges step in and expedite the sales. Sam seems to digging in for the a long drawn war, so if it's Sam stays on, the pps will stay here for a while. JMHO
maybe Sam's pride might be in jeorpady, but then the majority rules. FMC and Sarissa have the combined total of 15 mil, so unless Sam puts in more money that will eventually bring up the pps, he will lose the war (won the battle).
Aspen (10! mil) at 4.7 avg.
NorthTide (9mil) at 5.5 avg
rest of other folks (institution) who purchased during q2 is around 5.5 avg
VVUS has a good balance sheet and cleaned up operating expenses.
VVUS will have a surprise q3 due to the deferred revenue if you read the 10Q closely, so there's a lot in the future for VVUS. Aspen expressed their interests in VVUS, so I am guessing that's how the delayed annual meeting came about. So, behind the closed door, there seems to be some talks. JMHO
welcome to the capital market! Minnows have no control over the public company, just the whales. QVT and Passports sold out their positions. There are roughly 23 mil shares (institution/including Aspen) at the entry pps at around 4.5 - 6, so if they are not in bed with FMC, they will push for the sale of the company.
FMC has groomed VIVUS for sale so that it doesn't have to carry the baggage (firing all incompetent managers) that is usually the show stopper for a acquisition. Clearly, the writing is on the wall that says "ON Sale." so, it will happen soon in due time.
i doubt that it's going to happen at that level. Too many bag holders (institions) are at $15+. IMO, that's why it could be a hard sell.
about time! VVUS is a leander and meaner comany since all fats are removed and has no own sales reps. if BP can come in and market the drugs with their sales reps, it will be a block buster.