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Chelsea Therapeutics Internatio Message Board

onemodolar 12 posts  |  Last Activity: Jun 13, 2014 11:46 AM Member since: Dec 28, 2011
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  • Reply to

    cash pay 0ut and tender your share FYI

    by onemodolar Jun 11, 2014 4:25 PM
    onemodolar onemodolar Jun 13, 2014 11:46 AM Flag

    You just have to decide within next 7 days,
    Just bite the bullet or Just walk away.
    I tendered my shares not because I believe all those pumper analysts estimates but because of Lundbeck's expertise in Neuropsychiatric field.
    Abilify, Lexapro,Celexa...... Just to name a few successful executions Lundbeck has shown,
    all IMO
    I decided to take some risk here.

  • to tender, just call your broker ask then they will do in on the phone for you.
    Scottrade charges onetime $25 per account as processing fee regardless sh amount.
    you will see your share still held in your account till deal completed.
    Trading will halt if more than 50% of total sh are tendered by 6/20 and the deal completed.
    If not tender expiration date will be extended for undetermined period.

    CASH payout for $6.44 will take about ANOTHER 3 WEEKS from deal completion.
    Again, you will nor receive cash for trading AT LEAST FOR 1 MONTH OR 2-3 MONTHS.
    10 to 15 cents premium and your fund " FROZEN" for 1-3 months is the cost of "CVR".

    Call the handling co direct if Any questions

    Innisfree M&A Incorporated
    501 Madison Avenue, 20th floor
    New York, NY 10022
    (877) 687-1875 (stockholders call toll free)
    (212) 750-5833 (banks and brokers call collect)

  • Reply to

    The only way to play this is Long.

    by bcooke11 Mar 14, 2014 10:22 AM
    onemodolar onemodolar May 23, 2014 2:03 AM Flag

    Do you know why FMI lost more than 50% pps over the last 2 months?

  • Reply to


    by warytrdr May 22, 2014 11:18 AM
    onemodolar onemodolar May 23, 2014 1:44 AM Flag

    thanks for the info,
    This finding is amazing, I am beginning to think over about holding my shares till the deal closes,
    I and most others were thinking the premium over 6.44 is risk free investment with possible return of $1.50. Now I understand why it is sitting around $6.55. There is chance that I can lose my premium or CVR payout can be very little.

    Too much money to leave on the table. if CVR pays out. :-(

    I will sell half of my holdings if it goes to 15 cents or more.

  • If I trade between now and then, what will happen to my premium? Let's say 10 cents per sh for 10k then it's $1000. Will this amount still be posted as holding in my account (locked in escrow account)? Or will it be logged as a loss in this fiscal year?

    For current sh I am holding, will the premium remain as unrealized gain and carry over as long tern capiral gain if CVR has any return on it more than a year later from now?

    Finally, do I need to exercise Sept. options before July?


  • Reply to

    CHTP- Saturday thought

    by ricemba1965 May 10, 2014 7:21 PM
    onemodolar onemodolar May 10, 2014 8:31 PM Flag

    cash tender of $6.44, but what about $0.58/ sh of cash in hand?
    Getting $ 5.86/sh is not so pleasant,

  • Reply to

    CHTP- Saturday thought

    by ricemba1965 May 10, 2014 7:21 PM
    onemodolar onemodolar May 10, 2014 8:20 PM Flag

    I wish they can put a pressure to make it as all cash deal.
    I hate to hear BOD saying they ate confident to realize CVR in full maximal amount.
    Just let me move on with my $8 please :).

  • Reply to

    Ricembar et al. Re: September call options

    by onemodolar May 10, 2014 7:57 PM
    onemodolar onemodolar May 10, 2014 8:07 PM Flag

    10 cents premium as Leap like contacts for possible return of $1.50 over 3 years seems reasonable.
    But for 30 cents or more, I will cash out before 7/1 since maximal return is only 5 times or less.

  • Congrats!! Although cash offer is below all time high of $6.83.

    What's gonna happen to CVR for Sep.. call options if you don't have money to exercise before the Deal Closure?
    Should all the call option in the money need to be exercised before the date?

    I feel sorry for all the CHTP option players lost money despite winning at ADCOM, PUDFA. and now BO.
    I personally lost 1800 call contract in Mar. and Apr.. Dam my greed! Another painful lesson learnt!


  • Reply to

    Midodrine and CHTP

    by onemodolar May 3, 2014 5:26 PM
    onemodolar onemodolar May 5, 2014 1:51 PM Flag

    All my thesis is based on previous sales estimates from many analysts who are all MIA since the approval. I believe Deutche was by far more bullish than any others with $700 million sales projection...... always feel free to correct me if i am wrong. glta

  • onemodolar by onemodolar May 3, 2014 5:26 PM Flag

    A plausible scenario in case of complete fiasco for Midodrine,
    Proamatine NDA will be cancelled and all the generic Midodrine will be pulled out of the market.
    Shire will be off the hook from FDA and avoid class action.
    Northera will have 100% market share in the U.S..
    Sales projection will be above 500 million barring analysts' pump on previous estimates.

    Considering current MC being below super deep discount of 80% from 2.5 billion ( 500 mil X 5 ) in view of
    1. no marketing force
    2 possible 6 short years of Northera life span just like Proamatine
    3. obligation with FDA

    CHTP remains as an excellent investment at current level, all IMO.
    What's gonna happen to CHTP if Midodrine continues to compete against Northera?
    What will be the reasonable price for the bid?
    Any comments?
    Shire needs to speak out first.

  • onemodolar onemodolar Apr 25, 2014 2:00 PM Flag

    The street usually knows if company has PR although they may not know the detail nature of the news.
    They must had a tip and guessed it was 1 PM and raked all the shares out there then it didn't come.
    It's got to be after hours today, Imo.

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