Does it really matter at this stage when there is no drug that extends life of a chronically affected MF patient who will otherwise live painfully for more than just a few months whereas IMET gives him a chance to live for a multiple times that long?!! Why is this discussion?!! All it matters is that IMET gives an MF patient a chance to remain with his/her family for a sufficiently long time and spend that time like a healthy person. Who cares it's 3 years or 5 years or 8!!
AST keeps moving up!! Such is strange world of securities trading!! Looks like modern-day traders do not know anything beside charting. Too many lazy bums out there wanting to make living without sweating. They all want to make money "playing the market". Lies, trolls, bashers, pushers, other manipulators and self-appointed semi-pundits fill up Yahoo boards as if vermin are infesting a bumper crop. Despite all that, truth will ultimately shine like the sun coming out from the horizon. Scarletts will be drowned and a new era evolve. Wait for that day!!!
this has been a stock for retail day traders (hardly any institutional one!) who are looking for daily/short-term gain. Even the MM appears to be disinterested in manipulating for increasing trading volume, except on rare occasions. Best thing to do: Accumulate when the SP reaches your target bottom and then relax!! One day surely will come when all vermin would find it difficult to grasp what and why it happened so suddenly!!!
ligas, trolls on this board are really the ones who call others troll without proper knowledge and are idiots who can't read and comprehend right. They do not have their own sense of judgment and follow others like blind fools. This board is full of such people and I have minimized my visits to this board because most posts are useless and posters idiots. You can't be an expert just because you get all upthumbs on this board and can't be wrong if you get downthumbs. But, then, why waste your time communicating on this board?!!!
euro, it's not that simple! Amgen paid 9.7B to buy Onyx that far exceeds expected gain from Kyprolis. You and I will have to look into this more closely. And, if Scarlett got so much money from selling Proteolix, why is he not putting in IMET and why is he so greedy to get unduly high compensation as the CEO before a cent of profit is generated at Geron?
"mostly due to Proteox drug"!!! What an idiotic statement!! Are you related to Chippy to sing all the praise for him with a blind eye?!!!
Based on the full transfer of the MF trial IND and all IMET developmental work to Janssen, it's incomprehensible to me that Scarlett deserves the compensation he is given. For that kind of money and looking at the bright prospects of IMET, I am sure there are much better executives out there in the biotech world who are willing to take his position. I hope the Geron board sees this and gets rid of him. I would also recommend getting rid of Huh!! Look at Wotton and Lanza at Ocata, their compensation is way lower than that of Scarlett. I just do not understand why there are a lot of Scarlett lovers on this board as is indicated by the downthumbs on your post!!! They must have been brainwashed individuals or, plainly, shorts who love Scarlett ways of making the SP swing like a yo-yo. I ignore these vermin.
Carlos, taxability of this money then is a bit complex issue. If it's to cover the cost, the company has to come up with convincing ways to spend the remainder after paying the 50% cost to minimize tax. No wonder, some of the remainder will go in paying increased compensation to executives!!
a deliberate attempt by institutional and other shorts to let them cover OR was it a ploy by hedgies to increase the yo-yo amplitude to maximize their gains? Whatever it's, vermin play all kinds of tricks and only fools for it!!!
If the $35M payment by JNJ is to be recognized in Sept, where does the money lie? At 2% interest, if the money was received last year, the interest itself will be $700, 000!! Will that be Geron's income also for the Sept quarter? Someone on this board charging that the money is gobbled up by the management is a pure nonsense. The other question is: What is the purpose of delaying the entry? Pile up more loss for the quarter to avoid tax for the quarter? Perhaps Geron has to make the first payment of 50% of the cost for the delayed trial and deducting that cost will result in a lower gain and hence lower tax. But, if that contribution has to be paid by year-end anyhow, would it make that much of a difference in tax reduction at the year end? From accounting point of view, this delay doesn't make that much sense. If so, is there a condition in the contract laid by JNJ that that money can not granted until the trial starts, meaning the money has been placed on an escrow account?!!!
Are you the one feeling to be full of air? The air will burst your balloon and you will be falling on the ground in numerous pieces!! So, please keep the air low and stay on the ground! It will be good for you!
Idiots do not comprehend this and gave you two downthumbs and not a single upthumb (consider mine to be that)!! This really shocks me about the US's average IQ going down terribly!!!!!! How these idiots can ever succeed even in day trading????
Ryan, not saying much despite knowing facts is withholding and a subtle lie. If the data wasn't worth a worry, why did the FDA imposed the hold and specifically questioned about the liver issue? Scarlett is a physician and so is Huh. Why both or either one did not present that data (which the FDA asked for) promptly? If you recall correctly what anxiety did the shareholder go through in the days following the imposition of the hold, you will see why it was important for Scarlett to place all the cards on the shareholders table. I am sure you went through that!!
Vested interests and lobbies are the rulers of our democracy now and won't be changed for foreseeable future. All that goes under the capitalistic system machinery, morals aside!!!