They dumped a boatload at $8, now they are dumping a boatload at $7.50.
Next? $7?...$6.5...$6.....How about $3?
Share price means nothing to these type of companies as they bleed it dry and dilute the shareholders to pennies.
FOLD will never recover.
Looks like continued massive dilution will take this stock back under $5 no matter what the positive news.
FOLD is just another losing lottery ticket that exists to sell shares and make a few folks very rich. Actually bringing a drug to market is of secondary concern.
any rally attempt.
Smells like non-stop massive dilution to fund the outrageous comp. packages for CEO et al while screwing shareholders.
Typical management that runs a public company like a private entity with zero regard for creating shareholder value.
Stock is doomed unless they replace the part-time "celebrity" CEO but of course that will never happen given his "story".
Well...Took a little off the table from $27. Up 30% in 2 weeks has built in a good amount of any buyout premium.
The rest gets put away and waits...Good luck.
ETN is much cheaper and has a much larger dividend.
Still think AME might get bought but looks like it would happen at a a price that would be around this level or even lower down the road.
Stock jumped from $6.85 to $7.98 on March 2nd and since that time has traded roughly 100 million shares and done absolutely nothing despite positive news and a biotech bounce.
Shorts are not covering either. It just churns day after day after day with a seemingly endless supply of shares to keep it right around $8.
No follow-up news to positive EU opinion is not helping either. Does management even look at the share price ever?
It should breakout one day but it seems this one has missed a huge opportunity to be a real big winner and I think upper management is clearly to blame.