This has been rumored for a while, I think since back in Jan, that JW got immunity in the McDonnell case in exchange for his damaging testimony. Has only to do with McDonnell case.
Unlike what you see in Hollywood, apparently that sort of immunity is rare.
Sorry to disappoint ssinc. you will have to troll in your usual spots. Still care more about me I see, and not about the facts huh. So strange your obsession. Ah well, its your life to waste.
A company has 4 bus days to file an 8-k. Thats not getting into the minds of management, thats just a plain old fact. What management did was smart. They knew that this sort of news could drop the PPS so they announced it after 4 on a Friday. Nobody knows (but the FDA and perhaps RCPI) what will be in the forthcoming letter. But that doesnt matter to the market. All that matters is uncertainty, so best to announce on a Friday PM. Clearly you have no idea how to run a business and certainly no idea how the markets work, so best leave it to the big boys, and take your closet fantasy's else where. In the end, your bashing is seen is just trying to distract from the truth, which is a shame.
correct we cant conclude that.
What we do know is that RCPI had up four days just to file the announcement they gave friday. In other words dont assume that they just received word from the FDA on Friday for the Friday PR. They could have received notice from the FDA that a letter was coming as early as monday.
Apparently that warranted 4 thumbs down.
Way too many morons here.
remember, RCPI had 4 business days just to file this 8-k. The comments from the FDA could have come as early as Monday. I did not see anything on the FDA website as to when they actually sent this letter to RCPI.
This release was done after hours on purpose as a means to not have a bad PPS reaction. Any uncertainty always is bad for the PPS. Whether or not the news is actually bad is TBD (eg product pull).
my guess, they wont delist. they will reverse split if they dont have big news.
As far as a partner, my guess is unlikely. not enough data yet. also, if star mgt is smart and not giving away the farm they wont partner yet. Not until there is at least phase 2 data.
Any smart long would know this and not want that and would stop sayings its imminent.
And yes they might succeed too. But its a long road. And when the risks are discounted or simply ignored, it leads to hype and unrealistic expectations, which ultimately does NO good for the share price. it draws in those that are un informed and leads to bad press. It also is fodder for the shorts. Amazing you cant see this.
In the end I hope they succeed and I hope that JW sells his shares at $5 and gets out. Dont trust that guy one bit.
Ah ssinc, you just cant stop talking about me. funny. sorry but Im taken, and while I support equal rights and a small government not dictating who you can and cannot marry, it doesnt fit me.
And right, they say those things because there is zero risk of them happening. they say them because in the end all bio tech companies have to say them and as we know all bio tech companies succeed and go to $100 a share. You just openly trust this company that has proven time and again to not be trustworthy. funny. Make no mistake,JW is still calling shots. He owns a TON of shares.
You know just because you dont do any due diligence and only see roses here, doesnt mean the truth is not true. You do a disservice to all investors because if they listen to you the novice would just "buy up the farm" without knowing the risk that you would prefer to sweep under the rug. You sir are a lying pumper.
There is also a reverse split option, given market cap requirements.
2. Additional Compliance Period for NCM Listed Companies: If a company listed on the NCM is unable to regain compliance with the $1.00 minimum bid price requirement within the initial 180 day period, it will receive a second 180 day grace period provided the company (a) has at least $1 million in market value of shares held by non-affiliates and satisfies all of the other listing requirements for initial listing on the NCM (except the bid price requirement) and (b) notifies NASDAQ of its intent to cure the listing deficiency. If it does not appear to NASDAQ that it is possible for the company to cure the deficiency, this second grace period will not be granted.
1." my investment is fine thanks." Nope there is no way that your buy and hold is working fine. There is no way dollar cost average works when a stock drops like it has for years. Please lay out your profitable investment plan that has worked so well for you, so that the novice investor can prosper when a stock tanks for years.
2. "Unlike you (and the shorts) I do not confuse value with price. At some point the fact that this product works and the science that is there for all to see will prevail. " Oh you mean like how they prevailed with Big Tobacco too? Like that? They had a great product, superior and safer compared to whats out there and where did it get them? 10 lost years mired in an expensive lawsuit and 5 grand. Oh wait, they did pay out a $2.5M dollar bonus to the head attorney just for leaving. Bang up job there with his entitlement corporate welfare paid for by John Q shareholder. Your false hope will get you nowhere. Having a great product is NOT enough. Try at least studying an ounce of business before making that statement.
3. "Current fundamentals have nothing to do with prospective future cash flows which admittedly could range form zero" They do if you dont survive financially. BESIDES management has outright stated their desire of selling out, so what cash flows are you talking about?
You have completely glossed over the long term risks with that statement. Risks like financial ruin, competition, patent protection, general market trends, and study data.
As yes, talk about know it all arrogant. You really think your pulling my chain? Good one. Sorry your Jedi powers are severally lacking. And apparently you have nothing better to do than egg me on huh. Trying to distract from the facts wont help your investment any. And apparently you are the know it all because your entire investment strategy is based on your "gut" not facts. Talk about know it all arrogant who thinks he cant lose. So yes, drop it.
Well said. It will not be the end of the world if not filed by quarter end. One would hope they would provide an update, however, since they did state their intentions.
The ind will be good news, but investors should not be hanging their hat on it. It will likely produce a nice bounce, and perhaps draw some more attention, but the filing in of itself will not produce more revenue, nor will it materialize into a partnership. Pure common sense shows that, but it seems, thats in short supply here. Only good data and time will provide revenue and a partnership. Its the start of a long road, but its a start. I applaud product developments and striving for better pharma and treatments, but despise the pumpers here who put unrealistic expectations based on nothing but their fantasies. It suckers in investors and creates false expectations and hope.
My experience with abloc has shown me it works. Thats my belief. Is it scientific? Nope, but I dont care, I still bought it. Big difference between me and the pumpers is I KNOW its not scientific. I know more study data are needed to prove it. Big difference between me and the shorts are I dont immediately toss out the product as garbage. Unlike before, I now withhold judgement on its true effectiveness as a viable product until more data are known, however again, in my experience it worked and worked well - at least on my back pain and RLS.
If someone is in it for the long haul, fine. Not my cup of tea, especially given previous mgt behavior, but at least its a strategy based in reality. When the story is long term, its smart and moral to limit the hype.
First off your a di**. And a sore loser apparently.
Second hows your investment? How has the chart analysis been working? Pretty good I would say. Sorry you have it out for me. Truth hurts I guess. Signs of a bitter bitter man. I find it hysterical that you insult charting when history has proven your insight into investments to be all but a joke.
Charting works in many time frames, but especially short term. Period. Many people make a great living at it.
Third when have I even put a post about the charts recently?
Fourth it doesnt take a chart to examine the company fundamentals, which are garbage in the short and intermediate term. Revenues sinking, they are just getting started with the studies and are YEARS away from completion. While abloc and FDA products are likely different , they are not unlike and there is perhaps still a risk of a product pull. That is not a certainty, but a possibility. According to the financials, abloc costs more to produce than it brings in. That alone gives pause for thought.
Fifth, the product works. Very well in fact. They very well may have something in the long term. I hope they do, but I wont soak all my money until more data is known. You are too dumb to see this, but previous management had at least two great products, tobacco and abloc, and failed to capitalize. A great product does not mean success, good mgt does. Long term investments carry many risks (market drops, study data etc) and mgt has hardly been trustworthy, so why risk long term capital? Wait and see is smart.
Your entire investment premise is based, apparently, on your "beliefs", your "surmising" and "behind the scene" news. Great job! So when do Big Foot and Elvis sign up as spokespeople? Also, for your partnership, tell me, what company is going to shell out hundreds of millions when study data is limited and phase 1 has not even started? Oh thats right, its your "belief" so it must be true.
Actually it is hype and Izof is completely right about the effect it has. I would like to win the lotto, but that doesnt mean I will. They may wish to partner, but quite frankly what small bio doesnt? Do they all end up partnering? Nope. Hype is a partner that may or may not happen at some future date. Besides, there is not NEARLY enough data to partner on. Frankly if they did partner this early, its likely they would get a bad deal. An example of non-hype good news is the upcoming IND. However even that can be hyped if one is not realistic on what exactly it does for the company. Good news, yes. The start of $2+ share price on its own? Nope. All the IND means is now they are a year or so away from results and perhaps a year and a half or so away from STARTING a phase 2.
yes I hate when those leftists force a standing governor and his wife to take bribes.
On the flip side this does not mean Star is finished. The have some good science. Success is a big TBD imo, and requires a lot of study data and time. Its a long long road, much longer than many stating publicly. If they manage to keep the product on the market and can advertise, then that could help, but that is TBD as well and certainly not part of the new FDA approval direction stated by management.
As far as 3 cheers for Mullen, remember, he did approve this 2.5m bonus to Perito. I mean, he is in the captains chair, right?
i say 3 boos. At the very least, if I owned shares, I would drill them at the next shareholder meeting.
First : "phase III results are in and that could come within a year and a quarter given the fact that the targets for phase I"
Nope, phase 3 will not have results in 15 months. Not even close. it will take closer to 5-7 years+. The phase 1 will take a year all by itself, and that hasnt even started. Abloc being on market will have zero effect on the duration of the phase 1. Phase 2 and 3 are much longer than a year a piece more like 1.5 years and 2-3 years.
"A new company with this base, with all its intellectual property, testing results and such wide applications and promise might go public with a market cap of $1.5 - $2 Billion.:
What are the facts to back up a valuation estimate of 1.5-2 Billion? If that is based on Star + Archer merger, remember you wont get a 1 to 1 share ownership in new firm. No free rides.
And ssinc, thanks. I had to hit myself in the head with a hammer 15 time to try and see if I could comprehend the meaning your post on "my charts". No luck. My guess is I would have to have a complete brain removal for that. Its clear you have zero understanding of investing and how it works in the short term and how the charts play in to swing trading, support levels, price targets etc. I would not be surprised if Star manages to get the stock above $1 in the next 6 months before they get ousted from Nasdaq in October. Does no mean good things are coming? Nope. PPS manipulation is Stars MO, remember the $5 touch? If there is nothing on the burner to support this mkt cap (TBD soon my guess), then a reverse spilt is also a distinct possibility. Thats what I would do if sales were slipping AND the Nasdaq had an Oct deadline.
Bottom line, charts are a tool to be used for good entry and exit points and swing trading. In the long term, charts can be used as well, but company fundamentals become much more important. We see that with the tanking of star over the past few years. Its true value was realized.
Thats funny. Im still not short, doesnt fit my trading plan plus I do like the product, but after the most recent bonus fiasco, I cant help but wonder how that would be a bad decision. As a Star "weatherman" no doubt your long term predictions were more accurate and entertaining than most. Star investors lose millions and Mr P walks with millions. nice.
Haaaaaa. You so funny. Too bad I have no idea who F Rick Newman is. So hows your stock portfolio? Now thats the real joke with a funny punch line.
Other than his jokes at the correspondence dinner, not a huge Obama fan either. Of course he has 100x more brains and common sense than you garibaldi.
Ive voted democrat, independent and republican for pres. I vote for the person most likely to lead and the one with the most brains, not the party. I believe all parties have good and bad, and if this were a blog on the Mother Jones website, Im sure I would have some criticism for the Dems too. However, this is a Stock site, which definitely leans hard right. Thus having any sort of dissenting opinion is unwelcome. Meaningful dissention and discussion between smart open minded individuals is how growth happens, whether it be stocks or politics. Of course you are too stupid to realize that garabaldi, so no reaching you.
When the Republican party sends a socially moderate candidate to the plate, I will consider them again. Unfortunately in recent years the party has been hijacked by morons, crazies and selfish loud mouthed pundits. The nuts are driving the bus and they care more about social issues than the things that actually affect our lives.
It is a shame how Star imploded. I had hopes given how well the product works. Unfortunately time and again, mgt showed they were untrustworthy. The recent "earned" huge bonus is another example. There is lot of risk with this Star, even long term, and anyone saying otherwise is either delusional or a liar. That does not mean they will necessarily fail, but it is a long road at least. However, when huge bonuses are paid out as payment for failure, it doesnt give me a warm and fuzzy. So garabaldi, i have no no idea if you are a paid pumper or just an idiot. Either way IDK. If you are an investor, have fun swallowing whole what Rush and Star mgt toss out. Im sure its the "truth" and not self-centered BS.
Ah yes, remember those days? We are taking a $1 salary until Star reaches profitability. Opps. I guess they werent so high and mighty after all. And what does Mr Perito have to do for this cool $2.5M? Why work at most 10 hours a month. Yep, 10 a month until the end of the year. So tell me long term shareholder, what have you made on your investment in Star?
So this begs the question. What did he do to earn this? Did he bring home big Tobacco $? Nope, in fact they even hired out for the negotiations. Did he bring in a big Use patent for Abloc? Nope. Im sure he helped a lot in defending against litigation though - against themselves.
Shareholders who are outraged at those Welfare queens who steal your Tax money should be equally as outraged at this Queen of Star. And while technically he did "work" during that time, as a shareholder, can you say that he actually even remotely earned this huge bonus? This old mgt team basically robbed shareholders blind (instead of tax payers) and were nothing short of "takers" described by political pundits. This behavior is disgusting IMO, and solely based in Greed, laziness and yes Entitlement.
I really wish this sort of behavior would garner the same outrage on both sides of the political aisle as those who steal from welfare. Hey, back in the day Pres Clinton started a "Work for Welfare" program designed to get those receiving welfare to work. Perhaps working 10 hours a month is the Star mgt version of the same thing. Of course the amounts are a bit more. The welfare check for a family of three is around $675 a month. At that rate, it would take 300 years to earn what Mr Perito did.
Go ahead and trust this company if you want, I certainly dont.
Why do you believe a nearly $400 million dollar market cap (low $2 pps) would be justified in early 2015? What news catalysts will have occurred by then?
Yeah because true conservatives (the true believer type) are smart and interested in the truth. Thats why they watch Fox news.
Thanks for the laugh.
When are you brainwashed bunch going to realize intelligence and true morals have nothing to do with political affiliation?