Insiders sold at $100+ They can buy in the teens and 20's. If they are issuing more warrants for much cheaper shares, I'd say that's getting a little greedy.
Short position is still signicant with over 3.6 million shares still short. The Short Behemoth is not off their backs and insiders buying would give great confidence to others to purchase as well.
Fact is there is a HUGE short position and the SQUEEZE IS ON. Feelin the heat? If Insiders didn't buy they probably have a pretty darn good reason. (they better) Alot of People who sold at $100 made a ton of money. No doubt some of them have bought back at these over sold levels. Good blog the other day on twitter about why ESPR is over sold. Made total sense. In other news, congrats to the Royals!
1. With a 10% stake arleady in ESPR, What do you think the stock price would do (with a 4.5 million share short position panic) if Pfizer offered $50 a share buyout giving 30 days for Esperion to decide? Would be less than 1% of Pfizers market cap with a attractive solid Risk / Return IF (highly doubtful) Esperion would agree.
2. Very likely Esperion gets quick approval for one label use as they pursue more which looks to be their strategy. AND assuming ETC-1002 will be held to the same requirement the PCSK9s were held to, (with the FDA being a creature of habit, they do for all what the do for one) with ETC-1002 maintaining its impeccable safety record under longer exposure and continues to show good efficacy... CVOT will not be required. (thank you cmMike)
3. Positive news ( it won't be a surprise if we get an update on a partnership very soon. Tim Mayleben said there is a HIGH degree of interest on the last conference call) along with additional Institutions coming in will crush the shorts back. Biotech Sector looks to be rebounding and the technical indicators for ESPR looked to have bottomed and are turning up which is already putting more pressure on Short Position.
I think a fair question investors have is why haven't insiders bought shares in the teens and low to mid $20's when they sold $170 million in stock at $100 just 6 months ago? The ONLY logical reason I can think of is that they can't because of insider information they have that precludes them from buying.
77 Royals were a special team. 102 wins and 60 losses on the regular season.
I'm more less an Indians fan so will root for the American league team. Good luck to Royal Nation tonight. Would be happy to see them win it.
Appreciate your thoughts as you and cmMike seem to be the most knowlegeable on ETC-1002 and the company on the yahoo board. That's probably not saying much but I do mean it as a compliment. :-) With a 10% stake in the company I'd say Phizer has the inside track of a buyout and probably first right of refusal. Everything you said above makes logical sense. The only head scratcher I have about this stock is the brazen short position that seems to be holding steady at over 20% of the OS which is 4,463,900 shares. Bringing in more Institutions will keep increasing the pressure which hopefully they will continue to have success with.
Sentiment: Strong Buy
Good luck tonight Royals77. I agree they won't sell for less than $100 a share. Price just went up with LLY drug pulled. But what price per share do you think they'd consider at a minimum?
Share buy back not likely to happen. Disappointing the insiders aren't buying at these discounted levels. But 5 years for a CVOT??? Highly improbable. We should be getting a press release shortly. Bottom looks to be in.
As a shareholder I'm authorizing the BOD to initiate a $10 Mil share buy back at these absurd levels. I also encourage the BOD to buy shares! If it was worth $100 6 months ago it's worth $25 today. C'mon Newton & Co, you believe in ETC-1002 or not?
best guess of the stock price assuming they get approval in a year?
Anxious to see how the Esperion BOD and Management team regroup after the recent plummet in stock price. Communication to investors has NOT been exceptional as the price fell over $100 from it's recent high. Founder and Executive Chairman Dr Roger Newton has been conspicuously quiet / absent in recent months which doesn't exactly bolster investor confidence. Hoping this company brings the A++++ game to the next Investor webcast / investor conference call especially since ETC-1002 has a clear path to approval, Highly positive Phase 1 and Phase 2 results, world renown Roger Newton, LLY halting their CETP Inhibitor etc, etc.
Do they still see themselves as a major player in a 25 Billion Dollar market and what % of that market do they feel they can capture in 3 to 5 years?
If they can shore up Institutional support and bolster investor confidence once again. Short Position will take this back to $50 in little time IMO.
Sentiment: Strong Buy
Hi GoRoyals. I have an email I'd like to share with you I think you'd be interested in seeing.
closed strong today. Good sign. Agreed way over sold and highly under valued. Onward and Upward. Just a matter of time for major BOOMAGE. ;-)
This company is beyond frustrating. The Directors should be buying stock at these absurd levels. They had the audacity and smarts to raise money at $100 a share but they can't even buy when it dipped below $20? Are you kidding me? They do virtually nothing to reassure investors while the stock plummets. The Investor Relations person Mindy Lowe is either a part timer or just doesn't care about Investor sentiment. Her lack of response to my emails has been disappointing. The best encouragement has come from bloggers on here CM Mike and Go Royals and a few on Twitter. The last we heard on the conference call is that they had high interest from potential partners. Can you imagine paying $100 a share a few months ago and then have the company go dark on you? Good grief! The Shorts are killing the stock and the company says nothing. ETC 1002 has a clear path for approval but hey don't seem to have clear communication for a potential mega block buster drug they are supposedly so highly enthused about. Yeah we know there's risk here. But has the risk reward changed so much since the drop from $100+? Perception is everything and it's YOUR Job Esperion to give investors something to believe in. You were certainly doing it when you were raising $170Mil!! Shorts have you by the balls. What are you going to do about it besides nothing and long term CVOTs????
Greatly appreciate your posts on ESPR. I have shares and I'm long. I guess the one head scratcher that somewhat concerns me is why haven't any of the BOD / Insiders purchased shares below $25? I have! I'm probably averaged around $40ish. Would be curious to hear your thoughts. Could it be they have insider knowledge of a pending transaction that's prohibiting them from buying shares??
Red day on the market yet ESPR Green. Higher high and lower low candle. The past 7 times the market has had a death cross it's climbed higher with out crashing. Fundamentals can trump technicals with one major event like FDA Meeting Minutes or New Partner or Buyout...
Volume is drying up. Clear path to market. News trumps technicals. You can throw the chart out on this one. Over sold and about to head north IMHO