guys, guys, hahaha.. thanks for some good laughs. i was felling ill these days. you're all fantastic people lol
remember mm-121 did fail totally, it still showed efficacy in fps in n=57 subpopulation, meaning that science is still valuable and need to optimize for a improved clinical solution. it's a matter of trial-error repeated a number of times to perfect the method. mgmt needs to pull its #$%$ together to manage cost down.
i suspect a big announcement to be made around mid-december to early january '14 regarding mm-398. mgmt really needs to pull this together. stay tune for earning call next thursday. it's an important pivot for future stock direction.
it really is hard to predict what the future is going to look like. you see a lot of strange outcomes in biotech sector. when you expect the price to fall after negatives, stock price goes up huge, and vice versa. same for mack, but the uncertainty surrounding mm-398 will put pressure on stock until the next event. the management needs to start provide some guidance/news. the stock is down 20% already, and I put lower probability that it will repeat again tomorrow on no impending negative news this week. negative news is already out today, but the focus is shift to mm-398. so it's important that mgmt start talking. short term bounce: $3
providing a guidance to a specific date(month/week) of mm-398 trial data release would certainly boost the confidence.
i hope management wakes up. they really need to be more vocal and start talking.
not sure until they announce the completion of stock offering. they said nothing in their 8-K, usually firms include the date in 8-K. until then imho the current pps is at a premium value. plus i think the pps rose too quickly on no significant event for the past 4-5 months. i think that's a obvious sign of a bubble.
Sentiment: Strong Sell
imho, it is a mechanism designed by cowan to keep the share price above a dollar after the massive dilution. does anyone have different theories to add?
can anyone answer to if the stock offering can even be closed at this pps? the mgmt said the offering price is at 1.07. i'm not trying to bash, but trying to understand logically.
Sentiment: Strong Buy
selling force needed to adjust current pps to a fair value below 3.50. it'll be hard to close the offering deal as no buyers would want to buy at a +0.12 premium price.
Sentiment: Strong Sell