One good thing, the price is near a near term trend support line going back to beginning of year. Perhaps theres a bounce. There is still the longer term trendline which now sits at about 9 cents. Not out of the question either.
of course none of this will reverse the long term trend on its own. That will take a long time, IMO.
Izof doesnt give investment advice about an investment on an investment board. Yeah makes my head spin too.
Except of course when he does give investment advice. Like he did on the private board. I had stated after the tobacco failure that I thought the stock price was at grave risk. He disagreed believed the drop was over. i believe this was well north of $2 a share. And before someone says so what, thats old news I will offer that there are a lot of posts from Drum from around 2008 lately. Really Helpful.
Good thing I was booted from the private board with shame. Im sure no longs could have benefited and save thousands or tens of thousands from a reasonably objective but descending opinion. I mean its not like the stock tanked or anything. But hey Im sure there have since been a lot of big words used, fun techie talk about abine, a WHOLE LOT of exciting fantasy speculation that never came true, and yes a blaming and bashing of the shorts that solved absolutely nothing.
Ah well. I tried.
agree on the loss of abloc thats a shame.
However comparing a flight that puts in danger the safety of two pilots to a drug that puts the safety of thousands of consumers is hardly a valid comparison.
Also bear in mind in 1903 when the Wright brothers flew, women still couldnt vote. Perhaps we should regress? Now that we have an FDA overseeing our drugs and a stringent policy to improve, we are safer. We have learned from our mistakes, its called progress. Did you know that Pfizer experimented on children in Africa in the 1990s to skirt the FDA, and children died as a result? Thats just a sample of power without check. Perhaps we should allow the good and moral corporations to do as they wish to our citizens without federal rules and restrictions. Im sure there would be no problems in the name of greed.
The fact that you said you "gotta go call my broker" tells me a lot.
It means either you are investing like its 1979 OR you are full of it. And what good is a new PR firm for GODS SAKE??? How is that going to help the cash position or speed up trial data, which cant be done. Geez. Cant make this up.
Um, yeah remember its not RCPI selling on ebay. its people who already bought from abloc from RCPI. In other words RCPI revenue is already on the books from the stuff on ebay and they wont capitalize on the price increase.
Explain how this is good news? Serious question, just trying to see what Im not seeing. The way I see it abloc is off the shelves, maybe for good but certainly seems likely for 2014. this means no revenue while they develop. Who knows perhaps they can sell in EU. Ironic since EU was always trying to get the product delivered there, now is the US consumer scrounging.
key statement from the PR. seems to indicate end of year.
"The NDIN submission came in response to a previously issued FDA letter to the Company, which indicated that an NDIN was required before the Company's supplements could be marketed. In August 2014, the Company voluntarily suspended CigRx and Anatabloc sales, as the Company conducts an internal review and analysis of its supplement business, which is expected to be complete by year end 2014."
ALSO key was that Europe is at least 4 months away from FILING for an NDA. Then of course it takes time for approval of the NDA. This before they can even begin the trial. Again, i do believe time table here is WAY off for many. All the while they will also be paying high salaries again to current management, as well as paying off JW to likely a few million. Where will that money come from??? Unless JW wishes to dig deep.
8.companies with this kind of IP sell at 5 to 10 times RCPI' price
9. If RCPI were to be unsuccessful in raising funds to finance its research, it would be forced to put it's IP on the block and we would have a 5 - to 10 bagger, and probably within a year to 18 months.
This is how a pumper hooks you. Sprinkles in a bit of truth (the early points) and then hits you with the pump - specifically points 8 and 9 and 10. this makes the whole thing seem legit and puts a target in your mind. Geez, maybe I could make 5 to 10 times my money quickly.
To start I would would LOVE an example of #8. You have obviously done your research to know for a fact that there are companies out there trading at 5 to 10 times RCPI that are under similar circumstances (yet to start a phase 1 trial, large salaries to be paid soon, under investigation)
So since you have done your analysis, why dont you share the companies and further drive home your point? Toss them out and we can analyze to see if its apples to apples.
Anyone see the article on our old buddy Marty? Worse than JW really. No wonder he slammed him so much - saw himself reflected back at him.
What a Pr1ck.
Google "The Most Unconscionable Drug Price Hike I Have Yet Seen
Email This Entry"
"That link mentions part of Shkreli's business plan as "acquiring the rights to obsolete remedies Shkreli says can be put to new and lucrative purposes", and by gosh, that's certainly accurate. Retrophin is increasing the price of Thiola from $1.50 per pill to over $30 per pill. Because they can - they stated when they bought the drug that their first move would be to raise the price. New dosages are formulations are also mentioned, but the first thing is to jack the price up as high as it can be jacked. Note that patients take several pills per day. Shkreli is probably chortling at those Mission Pharmacal hicks who didn't realize what a gold mine they were sitting on."
"So thank you, Martin Shkreli. You've accelerated the progress of the giant hammer that's coming down on on all of us over drug pricing, and helped drag the reputation of the pharmaceutical industry even further into the swamp. But what the hell do you care, right? You're going to be raking in the cash. The only thing I can say about Shkreli and Retrophin is that they make the rest of the industry look good in comparison. Some comparison."
Of course if you subscribe to a cyclic multiverse theory, its possible that what preceded the big bang was an infinite cycle of big bangs.
True but remember, the Donald is not an elected official. However it is debatable who had more of an impact on peoples lives, the Donald or McDonnell. A debate as to whether or not money or politicians truly dictate our laws and way of life.
But yes, both game the system. One just hides inside a corporate shell.
Did you know that Neanderthals were actually reasonably smart. One of the theories of their "demise", however, is that they were not particularly adaptable to change.
Same as many investors, it seems.
Demise is a loose term since their DNA is contained within us.
Oh my sense isnt threatened, considering the source. So you keep on keepin on. And as far as logic, considering you rode STSI down about 90%+ off the highs and I made a nice buck flipping it, Id say your common sense tank is a bit empty. Jest sayin.
I found it interesting that he was offered a plea deal with one count a year ago and declined.
In his mind, it was no big deal.
Agreed, this sort of thing happens all the time at all levels of govt and all parties. Doesnt make it right, however. Do we want a true democracy, or a democracy that the best money can buy? Seems in reality it is the latter. Citizens United saw to that. We should strive for ALL our politicians to be truthful, its what keeps them honest and getting too much power!
Everyone (rightfully) complains about the media, but if we didnt have them, there would be little in the way of checks and balances on our politicians. The problem is the media is now big business and as such it is driven by ratings, not truth. Just look at the circus around this trial. Things are sensationalized and pumped up and its often far from the whole truth. While its easy to blame the reporter, my guess is they feel the heat from management above to sensationalize. Dont know the answer, wish I did, but it is why I screen my news sources heavily.
As far as McDonnell, the issue I believe he was so obvious about the quid pro quo. You cant take gifts and then have your picture taken with the product, make calls to universities etc. Guessing the jury saw right through that. How would he not recall that picture being taken and how can could they believe his wife would give him a rolex when their marriage was troubled and they had financial issues? Poor defense IMO but then again a lot to throw a blanket over.
BREAKING: Bob McDonnell found guilty of 11 counts, all corruption; Maureen McDonnell guilty on 8 corruption counts, obstruction of justice
Final disclosure, if news does change and the future seems brighter (partner, product back with endorsements etc) that that would change the game for me. I just dont see any evidence of it based on news or logic. Basically Anything that would boost cash position in the next year. Other then that, tough to see how data would get here any sooner than discussed, which of course is the biggest factor in their long term future. It takes so long to boil and egg, no way to change that.