When this was a one trick pony Zika may have been a good hype story; however now that they are putting all of their chips on new drugs that day is over.
They have dramatically changed the profile of the company. It was formerly a boring one-trick pony with one product and decent revenues/cash flows. NOW it is a "pharma" company with the prospects of developing important drugs which can possibly get FDA approvals in 2 years+ which could make this a lot more valuable. This is a good stock to put in your drawer (not your drawers) and check in periodically till 2018.
I am not sure they were really "optimists" as opposed to "flippers" who were trying to lend enough uncertainty (to an already misunderstood process) to get people to buy hundreds of thousands of shares for a penny or two higher than they paid for them.
Let's see...they are buying a pile are ARLZ shares at $6.25 and ARLZ is selling at $3.75. Looks to me like they are siphoning money out of QLTI into ARLZ. I would think some lawyers might be interested in this transaction, especially given Aryeh's current and past relationships with the ARLZ players and ARLZ.
ALL OF THE ABOVE IS MY OPINION
Get your 5 cents/share and RUN ...FAST...when the judge bangs the gavel on March 3 the current stock you own will be cancelled and worth ZERO. The company will continue, but without its former shareholders.
You clearly do not understand that the current equity holders get ZERO. The company will be reorganized and continue to exist, but holding the current common stock will not get you ANYTHING in the new company; not even a spec of broken glass.
Why would you buy a stock that will be cancelled on March 3 with 100% certainty. I realize there is a "greater fool" theory and that these dumpster Chapter 11 stocks spike up and down on news about the company (even if it has no value for the stock)....but this is getting pretty close to the deadline to be accumulating. ZERO on March 3.
If you feel that way you might wait to see which creditors get stock in the new company and approach them to buy. You will own "illiquid" shares, since they will be private, but often creditors want to dump the stock they are given to settle their claims, rather than be longer-term investors.