True, this board is full of pumpers, I have ignored at least 5 here now.
But I am not sure what is your point either? You shorted at 10+?
Check HGSI chart, the week right before the $14 offer;
Close at 7.18 before the $14 offer the next Monday
Chart does not mean a s**t for bio tech co.
Partner does not help at all, its product has some huge competitive disadvantage vs.the other two.
Last quarter revenue:
Medivation; 108M quarter over quarter grow of 32%
DNDN : 68M QoQ is a negavtive 10%+
Numbers tell all the story.
Whatever you say does not help at all.
All you can do is to pray someone will make an offer to this turd. There is no other way around.
Based the past experience, the premium could range from 10% ~ 100% (average is ~36%) depending BO condition:
Since DNDN is trying to sell itself, unless it gets multiple offers, I do not think it has much bargain power.
Though I am a long, I would appreciate posts like this.
How many shares could the 2014notes convert to ? I am not worried about the 2016 notes since the convert price is so high.
LOL, I should not care about 2014 notes either, I would be happy as long as the BO price is 4+, LOL.
Sure, pigs always lose.
But by checking some simple data, it is very obvious the majority of shorts are big winners here.
Last year, healthcare deals carried an average 36 percent premium to the target's recent share price, according to Thomson Reuters data.
So even someone would give DNDN 100% premium, the BO price would be around $6.5
So stop your BS that this loser could be taken by 11, 14, 18 or whatever.
What is the point?
He may not shorted at $3.52, but it was very possible he shorted at $13.52 o r$23.52, or $33.52 or $43.52.
stop your BS.
Most shters made huge profit on this loser. Only long term investors are losing pants here.
If volume is higher, then I would be worried.
There is a big gap around $3.4, without the BO news, It's hard to push above that.
You even do not know what SA is. They just hire some individual guys like you to write BS every day on their website.