Any way you look at this exchange, its a dilution! Word it any way you want, its all B.S.! To remove "market overhang"? Really!!!! We should demand a better explanation!! How does 27.5 million warrants convert into 81 million shrs? Is there a conversion ratio? The original agreement stated 1.5-1.8 shares per warrant. That's 40 million shares ( approx. ) unaccounted for!
without volume, we won't have any upward movement. Mondays buyers were obviously longer term or we would have seen a more powerful down trend instead of this slow drift! be patient!
retesting the lows from yesterday...not quite getting there is a good sign..maybe we start a reversal soon....a daily reversal! real hard to believe this will stay down here with so little volume!
Always....volume on Mon was 5.8 mil shrs. Stock range of $1.75 low and $2.07 high. Volume hasn't come close to that since. Trading lower on low volume lends to the theory that the "flippers" from Monday are probably done!
On their website, under products, in the FAQ'S section....question #9...
Are there other companies developing amifampridine (3,4-DAP) for the treatment of LEMS?
Catalyst believes that Firdapse™ is the only version of amifampridine phosphate (3,4-DAP) in Phase III trials for LEMS. However, Catalyst is aware that another pharmaceutical company is conducting a Phase II clinical trial in the U.S. for its version of amifampridine (3,4-DAP) for the treatment of LEMS.
How can they be accused of hiding anything? It has been on their freaking website all along!
I agree this case will be dismissed, but CPRX lawyers will have to get paid to defend themselves, from these ambulance chasers! Lawyers won't work for free!
Is it possible, as a shareholder, to sue the law firms trying to bring class action suits against CPRX? They are grasping at straws and are clearly and publicly, spreading mis-information about the management. The date of the class action begins Oct.31, 2012 when the stock was trading at $1.54....not much of a loss!! Can't blame anyone for not selling higher later on because they confirmed there was another co. developing Firdapse...Only the lawyers will get anything while they distract the company and its shareholders. We have become such a litigious society and it really annoys me!.....sorry for the rant!!
and I would never pretend to know more than anyone else. It was meant as constructive advice. If my opinion mattered, I thought 1.52 was the bottom! Regardless, volume hasn't been there for a reverse yet.
why would you care what anyone else thinks on this message board? It is only an opinion and you shouldn't be making trading decisions based on a message board pole!