I appreciate the information on Marqibo but was more interested in how it will influence the CVR's that were issued several years ago after SPPI bought Talon. Is there a time limit for the CVR's to cash in or is the deal strictly based on an amount of revenue generated before the CVR's cash in? TIA!
How would you know what's in your fist when it's usually stuck in your hind quarters. You might want to try a gerbil instead.
I have CVR's and wonder if they will ever be worth anything.
Acquisition adds a novel FDA-approved hematology product to Spectrum’s portfolio.
Marqibo® (vinCRIStine sulfate LIPOSOME injection) for intravenous infusion is expected to be launched later this year through Spectrum’s existing hematology sales force.
Marqibo is being evaluated in two ongoing Phase 3 trials that could expand its label in non-Hodgkin’s lymphoma and front-line acute lymphoblastic leukemia.
Through the acquisition, Spectrum also obtains a Phase 2 oncology supportive care drug, Menadione Topical Lotion.
Does anyone know when the 990-T's will be sent to the brokerage houses? I just spoke to my BH and was told they haven't received the 990-T and can't send it to me obviously until they do receive it. My concern is that they are charging me $200 per 990-T and I also might have to pay a penalty to IRS on top of the UBTI tax because of a late filing that I had NO control over. This just keeps getting more F*#& up by the minute.
You also should have included this quote which is far more important to Linn investors.
Management is basically telling everyone this is HIGH RISK!!!!! Invest with fun money only is my advice.
"Although unitholders may avoid tax liabilities by participating in the exchange, Linn Energy cautioned that LinnCo is not necessarily "safer" than Linn Energy."
"It is possible that either or both Linn Energy and LinnCo could seek protection under Chapter 11 of the U.S. Bankruptcy Code, and it is possible that LinnCo shares and Linn Energy units could be severely diluted or even eliminated in such proceedings," Linn Energy said in the presentation."
Good luck with that. Check out the stock price and you will see this is not good for investors in LINN or LNCO. My opinion is that they are just saving the debt holders who are invested in LINE future UBTI tax before they head into BK.
Obama has a 51% approval rating which is highest it's been in 3 years. I wonder what GW Bush's rating was at the end of his term. Hint it's very low!
"Linn Energy Widens Loss, Warns About Debt Payments
Uncertainty over meeting obligations as they become due raises doubt about Linn’s ability to continue!"
"Linn Energy says bankruptcy may be "unavoidable"
"Linn Co. (LNCO) on Tuesday reported a loss of $2.47 billion in its fourth quarter."
"For the year, the company reported that its loss widened to $4.76 billion, or $13.87 per share. Revenue was reported as $2.88 billion."
These terrible results with the hedges but they won't have to worry about the hedges expiring soon.
Make sure you come back and post when the hammer eventually falls. Try not to drown in your own tears Bubba.
Investing in myth and fantasy might be romantic but the end game not so. Linn is a sinking ship and the question now is when not if.
The company just said BK is more than likely, what part of this do you not understand! Maybe the "shorts" are trying to save people like you from yourself.
It could also go to ZERO and you lose everything! Linn is still a BK candidate and could file within a few weeks, buyer beware!