Usually I am conflicted as to my moral choices in GTA, but with Trevor - he makes things easy. I just always go with the most depraved, insidious option. Quite liberating!
There is a funny article on Mr. Left's divorce. It says he had to pay alimony of almost $50k / month to the ex until she got remarried. She did meet another guy, put on her dress, and have a marriage ceremony, but they never filed the paperwork. So the ex and her new "hubby" still get the $50k a month... for the rest of Left's life. No wonder he is resorting to lies to earn a buck.
Probably the CEO and his army of rich buddies. I remember reading something about Katz getting a windfall of options if the price stays above $36 for 6 months. So that's probably where its going, with or without solid fundamentals.
This post will be removed so I'll give you a synopsis: Mr. Left got divorced and had to give the ex-wife about $50k in monthly spousal support until she got remarried. So 6 months after breaking up she had the ceremony, wore a wedding dress, etc, but the new couple never fllled out the paperwork, so technically never got married! So she got a new man, new house, and got to keep the $50k/month from Left! I almost feel bad for him. Almost.
Looking at his last 4 Seeking Alpha articles he only called one right (MOBI). HRBN was $15 at the time of his short call and a few months later it was purchased for $24; QUHU was $20 when Left said to go short - it has since climbed to $82; NVS was $45 a year ago when LEFT said it was a solid short, and it climbed relentlessly to $130. Maybe that's why he doesn't write Seeking Alpha articles very often... makes it too easy to verify the track record.
In 1998, when Left was 22 years old and just out of college, responding to an ad to “earn $100,000” he took his first job, working for the commodities trading firm Universal Commodity Corporation making cold calls. Several years later, the firm and a long list of its employees were sanctioned by the regulatory arm of the National Futures Association, barring them from the industry for three years after ruling that they had made false and misleading statements to cheat, defraud or deceive a customer. Left, who was already no longer selling investments, did not contest the civil sanctions.
Well you gotta hand it to them that they recognized their box office numbers weren't adding up, hence the attempt at "diversity". But hey, the youtube thing sounds good. I hear all the kids are doing it.
All sounds good. The only thing I'd remind is we have seen significant dilution since the last GTA, so the [old] stock prices we have gotten used to don't apply anymore. If people are wondering why it isn't mid-twenties by now... well it kind of is.
I hope you guys notice I am not and have not ever "bashed" the company QCOR. I love it. It has been very good to me and I love how aggressive the management has been. This is a very rare and impressive management team we have. I'd like to keep it that way.
Yes, it was Elan. If you look up 2003 articles on Martin they talk about how he is expected to "part-out" Elan, which is exactly what happened, but not the way investors were hoping for. Look at JAZZ, ALKS, AZUR who all ended up with ELN parts - all at significantly less than market value, and all with ties to Davycrest. Those companies have since thrived with ELN assets. JNJ got 20 years of AD research for free. BIIB got Tysabri, the crown jewel, making ELN a pure royalty company. ELN had so much potential, and so much incredible science from the Athena days and it was all squandered by a team of bankers who got rich off side deals. If you don't believe any of this look it up for yourself. Watch the Youtube video of Martin at the Enron hearings; is this a man you trust? You think he's here to craft a clever tax deal that will make you rich. You got part of that right.
Nope. Elan was founded in 1969 in Ireland and has been there ever since. When Martin joined he considered moving it to the US to be near the big Biotech hubs, but the Board shot that idea down. The tax advantage would have been great if Elan was able to turn a profit, but...
Maybe you should do a search for "Worst CEO in Biotech" before coming to the conclusion that he is good for you.
They were bought out for $15 a share. A few years earlier they were $37. Is that the progress you are looking for?