Anyone hear anything new about the settlement which was brought before the court on Dec. 10 and last day to file on Dec. 27? Been trying to find something out from the phone number provided but nothing new. Was wondering if a number of people opted out because they thought the amount was to low or the lawyers fees were to high. I seem to remember there was an insurance policy in place for about $10mil to deal with this and the settlement was for $6.5 million. Thanks in advance.
Saw on Briefing at 16:33. Distributing cash after liabilities and other potential obligations pending shareholder approval. I am paraphrasing so read the full statement for yourselves.
Wouldn't they have done that last year when the stock closed out the year at .78cents a share from a high in January of $22 a share in a year when the major indices were up close to 30% on average? The high for this year is only $1.17 while for most the year it has been below a buck, not much to be gained based on your logic this year.
Yes, we have not heard from either since the settlement. 3 of the 4 pending suits against the company were thrown out by the judge and they settle the other $6.5 million. From the companies standpoint they couldn't have gotten off easier than this. If the drug ever comes back still remains to be seen.
It does strike me as interesting that it seemed to almost get down to exactly the price target of .45 cents AE set in his articles on SA before there seemed to be a rally. Clearly there is manipulation one way or the other on this stock for quite some time now.
Do you know anything about the lawsuits pending? Some have stated that two out of three of pending assertions against the company were thrown out by the judge with one being allowed to stand, and I have been unable to corroborate this. As well as when any trial may start at this point. Thanks to any and all who might offer some enlightenment on this.
Perhaps AE doubled down again? He might own all the rest of the short position by himself at the end. Time for another scathing article to bolster that short!! LOL.
Could also be that with the market up close to 30% last year they are selling losers to offset gains elsewhere to negate tax implications. I believe others have pointed out that many of these institutions are not allowed to own stocks below $5 a share or perhaps delisted stocks as well. All I know is that we are going nowhere fast.
Because that is the high for the last year, the all time high came in Oct. 2012 so it is outside the 52 week window.
Where is the BK you promised us almost a year ago? Where is the .44 cent price target your cohort and distortionist Alpha Fraud promised us months ago? Fair is fair this stock is not $5-$10 a share but it is not in BK or .44 cents a share either.
Much as you have been posting that BK has been imminent for 11 months now so 6 of one half dozen of another counselor.