I mean this stock is lost 80% in 7 trading days. I have never seen anything like this except when in case of BK, severe liquidity crisis or a completely failed drug of a leveraged biotech company
A company with almost $250 million cash and another ph 3 drug (Translarna-CF) and a few other early stage candidates deserves to trade below cash?
If management does not make huge insider purchases, their credibility is totally lost
Not sure. I think fair value is around 25 at this point, but crooked street will never give that value now. If they get offer around 20 they should take it and end this torture
First of all, the stock price should have never got to 78 given the uncertainty that was there with all the trials. Now the rubber band is stretched in other direction that is the low point,
I blame analysts to a large extent and management to some extent. All these analysts with 100+ stock price should be embarrassed for the humanity. Now some of them are lowering prices that are close to current bottom of the barrel price. Short are having a ball with this and they are playing with investors fear and crashing the stock on daily basis.
This is a classic example of how shareholders are treated like cheap w###res. They have zero protection, zero rights.
I believe if there is any interest from Sanofi or any other large pharma, management should go with it even at much lower price point (15-20).
I dont think it is fair for them to take investors through another 2-3 years of torture.
Does anyone know what is " poison pill" provision put in place by in my opinion self-serving management and board that is mentioned by a couple of articles that are suggesting potential takeover target?