Asking the SEC to get involved is a bit dangerous one would think.
That is the agency that could nail Citron for stock manipulation ""if they find there is a case"".
Making up a bunch of lies to move the price of a stock is supposed to be something called stock manipulation. Not sure what is going on here but Citron might have bit off more than it can chew before this is over.
It Citron is done here with writing I'm willing to bet that it has more to do with them covering their position than anything else.
Yes surprised. Since the Citron attack started the shorts that got on board did nothing but lose a ton of money with this stock.
When I first noticed this stock the price was around $20 and that short position was still growing. Throughout last year the price moved up and they did nothing but cover, cover, cover. But not a core group with around 10 million shares (maybe Citron shares?). Than comes the second attack that had life in it for a while but since mid January that group has had their butts handed to them on a platter with the stock moving up $25+ a share. Still the shorts try and hang in but the edge is gone once again.
Now I'm betting they are finally realizing that all they are doing is make Don realize that he has to do something or these attacks will continue. That "something" could one day come in the form of an announcement that makes that group wish they never heard of QCOR and Citron.
I think your origional estimate is closer than you might think. As it stands as of 2/21 they have already earned $1.26 a share in the quarter. Just 74 cents to go.
Don't forget that price increase that happened on Feb 1.
Has me in his corner every day of the week.
So what if he was off a little with this one he is still one of the good guys.
Could be that home office expected that $150 million number to happen based on their current effort level. But it didn't happen
Now they have a problem with what to do here with their investment. Either they jack up the spending or maybe they try and sell Belviq to another party. I suspect that they might look at jacking up the spending if they can afford it.
If they wanted Belviq they would go after the largest share meaning Eisai.
Not happening yet.
Personally, I think what they did was suck in a bunch of their followers and stick them with this while they covered.
Remember last fall when the stock was in the $73-74 area there was over 10 million share still short.
My WAG is that this was Citron fighting the tape and finally realizing that they were losing. Thus the need for one more classic attack.
If I'm right you have to feel it for those dummies that got sucked in... NOT!!!!!
Very true they will attack.
Think of it this way. the shorts now have to deal with a committee that has only one thing to work on and that is solving the undervaluation problem.
The options available to this company are many ranging from buying back a boat load of shares in a Dutch Tender to an lbo or buying someone and last but not least selling themselves to the highest bidder.
Not sure what impacting item the shorts can come up with but do think the company is better prepared to handle these guys.
Further if you look at the lay of the shares shorted there are few if any of them making money playing the short game with this stock. Take a look at a chart for the last 14 months and than compare it to the short share pattern and see if you agree.
Normally when that happens your friends get frustrated and simplky look for greener pastures leaving you holding the bag.
I agree wholeheartedly with your comments.
Does anyone know why there is such a nice bump in January script numbers?
Scripts for Q3 were 4304 and for Q4 they are 4056 so I'm thinking we might be down a little. Not sure if I understand this quite right.
Like the January number and think this is a meaningful boost.
Aren't we hearing that these scripts produce more revenue in the fourth quarter and the first month?
If they buyout another company it would be a positive in the sense that QCOR would no longer rely on just one product for its revenue source.
My personal opinion is that this does little for the situation. His better options just might be to merge with a highly respected outfit in a mostly stock deal where the extreme amount of earnings can come to bear with a company trading with a 20-25 p/e or higher.
Someone like JAZZ would work nicely.
JD I think this lawsuit is probably by the company suing QCOR over the transaction where they got outbid.
Not sure if I'm right but its my best guess.