That's cheaper than a new issue, and the company may just buy back some shares, give out the bonus shares to exec's, put out some good news to raise the price, and then they will sell, sell, sell in unison with Jack leading the charge to the trade desk just before he retires.
Not in the next two years, and probably longer than that. At least through one more share dilution is the answer if no distribution partner comes knocking on Arena's door......and so far I don't hear anyone knocking.
Who's your daddy now? For ARNA, it's always been the short traders......that's who! It will continue for the immediate future. The most manipulated stock I have ever owned......one more reason I am selling out.
Hedge funds buy, hedge funds will short......get ready for the same ole crapola that's been going on for years.
Another reason to sell this POS. We need a new CEO, sooner the better. They are stuck on hold.
What, me worry.....no way, I am selling off my shares as I can. Dumped 4000 shares at $6.21 a few weeks ago. Still own 500 or so sub $3, and several thousand higher to dump when my price comes up. I made $1429.00 in a few days trading UWTI from my ARNA profits, sold all, and back in UWTI again yesterday. This year it will probably see $8 from it's current price of about $3.60 while ARNA sits below $5. Make some money, exit ARNA now, there is plenty of time to get back in when they get their house in order.
He is a fool on his facts.....UWTI 52 week low was $2.34. It's never seen $2.24, none the less, it's trading $3.95 ish right now..........a significant jump in just a couple of weeks time. I've been day trading it a few times over.
Now UWTI is trading around $3.95......I don't think it will see $2.24 again. Calling you out as a bozo liar, UWTI 52 week low was just a couple of weeks ago at $2.34 a whole dime higher than what you seem to have bought the stock. I'll give you the benefit of making a typo error on this one.
Reading today a recent Gallop poll on obesity & weight loss which has polled over the last 8 years or more......
Survey asked off many people thought they were fat or overweight? Response was (51%).
Next Question, How many are actively doing something to lose the weight they want to achieve? Response was (27%) This survey has not varied much over the last eight years shown in the data illustrated. The truth is 24% American's are freaking fat & obese, and not committed to do a darn thing about it for the last eight years according to this survey. Belviq will not sell enough scripts to make money for Arena if those stats don't change. We need a new CEO, a new direction, new advertising to target those 24% into taking some action.
That's the Truth as I see it, and I am sticking to it!
Show me the money.......Arena is not approved in either country, and probably won't be this year. We all know obesity is an issue in many nations around the world, so what is new? Nothing, Belviq is only approved in two countries, and one has not started selling the product yet, and the other country (USA) is doing a marginal job generating revenue. Blah, Blah, Blah, this don't mean Sheet for the stock price today, or this year for any significant gain. Jack needs to go, we need an aggressive leader.
Yea......Cheers......Applause, A $4 stock? Time to sell, it's stalled again as usual. Jack is 70 or about to be 70 years old. Maybe he will be going out of the door soon....now that's something to cheer about.
Supply capacity, and storage dictates future price value.....many factors outside of our control. Average down a little is my advice if you have funds to do so.
Works for me, trying to find the correlation of one vs the other, it clearly trades in unison on real time tics. We are still at the mercy of the oil traders futures market.
Reasonable risk at these low price.
So friends, I ask you......WHO'S YOUR DADDY in all this mess. Never trust the street, and I am getting out unwinding my shares. The hazard's of owning small cap pharma.
Sorry to say, they are swimming in troubled waters with no long term funding life raft. Sharks are circling. We need a buy out, a new CEO, a new direction, and deep pockets.
Let Graham buy my shares......they are for sale. I happen to agree with you.