Probably right in some aspects. When a CEO remains silent, discloses very little, provides vague outlook for the future, avoids conference questions, it means there is not much good to discuss, or disclose so they keep quite. Jack's been quite for over two years, the company has had very minimal PR. Old adage...."If you don't have anything good to say, then don't say anything."
He should give back about 50 million to the company, and take nothing more than his last pay check....Thief!
Any one else feel like a toast! I am a happy camper today after this news. Six years owning this stock, maybe a chance to recover, tomorrows open will tell us something. Nice volume today courtesy of some early leaks of the news.
The uncertainty was keep Lief as the CEO......his plan was uncertain, not communicated, no direction. Wall Street will see the change as positive, just like the board does. A step to turn things around. This is a good day!
I would take the $10 in a heart beat. With the alternative being staying on the same path JL has taken, and probably will continue for the near future.......$10 is an early Christmas Gift.
It's balance sheet adjustment for P&L......I can hardly call it cash revenue, and it won't make the payroll any easier, pay the bills, or make the stock PPS move .10 cents and not a worthy argument to save the financial condition this company faces.
Show me the MONEY......6 years of buyout rumors, and expectations. It's the only hope for ARENA to survive, they need a deal now. Bel can't support the payroll, the pipeline advances for any future trial money required. By the way....where are the other new markets expected two years ago.....HUH? Thanks Jack"O" for failing the shareholders. I'll take $12.50 and run along with most longs.
Here is my view.....can you trust a bunch of Coke Heads in a study? I hope they are under lock, and key for the duration of the study, blood test, urine test, lie detector test on a weekly basis.
That was a sound argument Spencer made, reasonable thinking speculating why ARNA might have been side stepped.....food for thought, did Jack turn down a fair offer? Perhaps, maybe, who knows? The timing was about the time the CFO decided to leave when announced. He would have been one knowing any and all details of any interested party's and might have been in favor of a pending offer. Just sounding off and speculating on chain of events. You have to ask StockVader for the real truth.....after all he has to be right just once sometime.
Sharon's been around along time, betting on the future science that has yet to produce a sustainable profit for Arena. Sadly, like many long's, she bet on the obesity market to become a big success. We believed Jack"O's" hype and predictions. He has failed to produce, has not met timelines, expanded to markets in a timely fashion, and diluted the living daylights to keep afloat. He has failed in my view. She and others can't seem to see the reality of his failure, and just how he is going to sustain the company in the near term future.
In the end it's her money, give her the courtesy to lose her #$%$ without the name calling. She is probably a nice lady, and perhaps someone's Grandma.
Any guess when Arena will be trading on the OTC Bulletin Boards. I am selling "GUESS THE LOTTERY" date squares for some month and date in mid 2016....any players? Bashers, pumpers, shorts and longs welcome.
I will wait for StockVader to opine on your advance info......we all know he has inside info that is right 100% of the time? They can't sell the whole company for 7.5 billion at this time is my viewpoint. I'll believe it when I see it......until then it's a wish, and a prayer. My advice, start praying for a miracle.
Phoop on that! should we give Easai some more time also? They overstated the market in SK, the same way they overstated the USA market. Now we know the real "RAT" in Arena's history......it's Jack"O".
They eat the little guy for lunch, probably the service you will be using next. Their business model is very capital intensive, delivery trucks, storage tanks, transportation, safety mandates, labor, unstable prices, operating margins. APU has the backing to maintain, and service the customer. Now if you are a commercial customer and depend on propane to run your business needs, that's very important, along with a contract at a set price. Good company's have a good business model that makes money, and takes great care of their customer. You get what you pay for!