Some of us woke up, smelled the wilted roses, and realize the company is not a good investment for many reasons. Frankly nothing about this company passes "The Smell Test".....certainly not the very long term controlling trade patterns around opex short time frame, not the dilution periods and exec officer sells, not the transparency, not the PR output, and not the trade pattern yesterday for sure.
I suspect it could be. He got us before in January 2015.........Never Trust the Street, some back scratchin may be going down as we look in wonder as the share price climbs without some explanation. Some very big trade lots went by today. If they can take it down, they can take it up!
And none of the doctors practicing at my clinic (8 total) consider it a front line weight loss drug as standard protocol for weight loss/obesity treatment. All gave it a try and were unhappy with patient results. They no longer script it period. Perhaps not enough responders in their patient group. I just don't know, but my doctor gave me a flat response that they did not see expected results, and the cost was high for the patient.
Why am I here......I once trusted Jack L. and expected FDA approval, full expansion to the EU, Mexico, Brazil, Korea, Canada. along with a first class marketing effort from Easai. All failed except for Korea, and I blame it on the CEO's ability to make it happen and gave him a reasonable time line. He failed, you are stupid to think R&D income money for a company should be funded by share dilutions as needed.....real revenue is needed for growth, stability, and even marginal ROI. A some point a development stage company must grow beyond development.
Yeah, Wall Street is jumping out of their collect shorts on this news. Wow, watch the stock price climb now.
Bingo, let the truth be told as it is. This company can not keep it's doors open, fund R&D, make payroll, continue promising drug trials, without some immediate major cash infusion. And you would be really stupid to think another dilution would solve the problem beyond 6 months. It's been surviving entirely on dilution income for many years. Arena is at a major financial crossroad to sustain the company going forward. The only way is sell, or merger, the pipeline is worthless unless you can afford to take it to market, however is has value to sell now.
Visit Wal-Mart on this weekend.....qualify that by age over 40 and you might get 60% that are overweight unless my eyes are deceiving me.
There is a lot to whine about......open your eyes! 10 or more years of spending shareholders money for R&D potential, and one drug on the market. More dilutions to make payroll is coming soon if something of a takeover deal is not made soon. How many times should a shareholder bankroll the exec's retirement nest egg?
Potential means a five year wait for a single sale. At best some upfront money may come in the door for whomever will carry the load through approval. Sell this potential NOW, let a real company take it to the finish line.
Trump will never really get in the race.....he likes the TV attention. He does not want to work that hard, and does not need the money. All show, all mouth, and no go! He is better off raising money for a candidate.
Now with all that said, His wife would make the hottest first lady ever in the White House, and that's worth a few votes from both parties. Make him Sec. of Commerce, or head of the Federal Reserve.
A good tell sign that some players are changing perhaps. Future events on hold nothing to discuss.....silent lips.
No upcoming events listed either.......what does that tell you??? Someone or some entity may be changing is right. Players will not be around to participate in near term events. Snoop on that bit of info.
I think Vig got frustrated on the investment non-returns, non growth in PPS...........and bailed out. Just my guess.
Both contribute in different ways. Both very long in the stock for a long time. What's the point....J.D changed his view about the company, and many stand with him on those views. sauve9 still hangin with Jack"O" until the bitter end. Both have a lot on knowledge about the entire company, both inside and outside the walls. Me, I am hangin with JD's view of the mess this company is as a creditable investment....Jack's needs to go.
No faith in his ability going forward......his business plan is not getting results for the value of expected return
on investment that I was expecting. I want to see a different direction, turn the boat around soon or it will sink.