They really shouldn't be using words like "the hope is". That sounds weak. Say "We expect". Then we can see if their expectations were correct.
They sounded rattled, as if they were watching the AH quotes tumble as they were trying to talk. Definitely not as impressive as the last CC, unfortunately.
I suppose then one should have sold on 11-12 Dec 13 ....
Where do people get this stuff from...geez.
I think the shorts on this board must really be longs in disguise, they just want to scare people away so they can get the shares cheaper. Nobody can be that clueless who spends so much energy posting, or at least it would be pretty sad if they WERE that clueless.
It must be REALLY frustrating for a short when they could have made so much money on the market pullback, yet they were stuck in this stock which is only going higher!
There is a known direct correlation between the dryness of the humor and the level of intelligence that creates it, and that catapult humor is about as dry as it gets!
Those opening gaps UP since yesterday show more fear than any posts on this board can, either way.
1.4 days to cover (as shown on the nasdaq site) does not sound like such a large short interest given all the attempts on this board to bash this as a "garbage company".
No charting expert but it looks like possible "W" formation with a nice negative convergence on the MACD between the two support points. That is strictly chart observation for the long side. Low volume could be just holiday and is a misleading indicator of anything at all.
BTW did the company who built healthcare website consult on this one too? This interface is terrible. What's with all the overlapping sections.
There IS an involuntary aspect to the offer - we must tender before a certain date, or the option to tender disappears when the offer expires. And the date could be a little earlier than the official expiration date if the stock is held through a brokerage, to give them time to complete the transaction. So it would be a nice courtesy for them to make a phone call.
Who knows, if the investor is uneducated the offer email could have got hung up their junk mailbox and they never saw it, or If they're REALLY uneducated they don't even read the yahoo message boards LOL. Hopefully there are not enough uneducated holders left to make a difference any more!
I hope people don't forget this is actually the second open letter questioning this buyout. The first was from Aquilo Capital Management dtd Sep 9. You can google on that firm name and Astex and see the link to the letter. I am very happy to see these large stakeholders validating my decision to invest in this company and hopefully we can get some consideration because of the interest.
It only looks like some shareholders figure this deal will go through so they freed up their cash and got a couple lousy extra cents on the market.
I am going to stay mute and make them "confiscate" my shares if they want them. I had invested for long term.
"There's a good chance that even the three companies that dropped out in early July because "they did not view sufficient value in Astex's current products and pipeline product candidates, to justify a premium to Astex's publicly traded valuation" saw the data before making their decisions."
"There's a good chance" is not good enough. Not to make accusations, but from the outside looking in, it sounds like an offer could have been made that was so sweet to the Board that they may not have attempted to do the further due diligence on behalf of their shareholders. Shareholders should be able to expect that all previous potential bidders be explicitly invited to review any new data and be given full chance to reconsider their decisions. In any case, I'm glad it looks like it will be investigated.
I'm not keen on class action lawsuits, but something does not look good here. Do shareholders even get to vote? I don't see that in the filing. And we have no details, no questions answered at CC, etc.
" I have issues when the pumpettes stating it's headed to $15."
Oh remember we're supposed to be realizing this is the next PCYC also......
Anyone who's maintained even a smaller website but with a reasonable amount of traffic and visibility would understand why you can't just let anyone paste whatever they want into a message board post. That's got nothing to do with a desire to limit speech or expression, it's just dealing with the unfortunate reality of the internet and those that choose to abuse the privilege of using it.
This was never a $70 stock, just severely overvalued during the tech bubble around year 2000, like many other stocks.
If you are relying on yahoo and message boards for your information you should probably sell all your stock now, unless you're in it for fun and won't be hurt too much as you watch your capital disappear. Win a little here, lose a little there, but eventually it will all be gone.