From Brean Capital analyst:
“Given the tough market ahead in 2016 for Pernix, we do not believe the company will remain as an independent company for much longer. In our conversation with the CFO, he did not provide much details on potential deal talks; however, we believe that the deal structure remains unchanged. It is more likely to be a merger than a cash acquisition, but the deal may take longer than we had expected. He hopes to announce a deal before the end of 2016; however, in our view, it may occur in as early as 2Q16. Share prices are unlikely to bounce back until an event materializes — the deal that we look to as the next key catalyst,” the analyst continued.
Anyone have any other info or opinions on "the deal"?.. Sounds like something is in the works but more likely just possible speculation..
Very valid points but at $.90 this is no longer an investment but a casino play/lottery ticket and some of us are willing to place a bet on a sale..
The only reason I would lighten up was GOV was left for dead when we had that brutal beat down to $12.. Since we had a massive move from those lows I would consider myself lucky not to go trough that again.. 9% yield doesn't matter to me any longer especially when I my principal drops 40%.. I'm still on the side lines..
It's a penny stock now the investment is over.. I'm in this for a complete speculation/casino play for a possible asset sale.. I would be fine taking $2 or $3 at this point..
Ameriprise Financial Inc. Increases Stake in Pernix Therapeutics Holdings Inc (PTX)
Posted by Max Byerly on Apr 11th, 2016
I added at $.89.. Not an investment but a pure casino play.. the investment went out the window months ago..
Would be a great headline to wake up to that some or all assets were sold.. But definitely waiting on any Highlander news that if all is on schedule then we should get a decent pop in PPS..