They are disgruntled when the stock goes up. They are disgruntled when the stock goes down. They make claims against management without any facts or evidence. Who makes up lies about companies they own shares in? Answer/clue: Nobody. Dudes get a real life.
And, to Spiro and CYCC’s credit here are some other positives:
1) The secondary investors (smart money) received very little discount in the share price.
2) Conspicuously absent from the offering were the warrant options which have customarily collared the share price for months following previous secondaries.
3) Additionally, Spiro was able to execute a secondary in the midst of a biotech sector meltdown with little discount and no warrant options. Also, Spiro made this move now, to protect the company’s fuel tank in the event that the many market forecasters are correct and the overall market falls by 25-50% as predicted.
4) For all it’s bluster, Boiler Room Inc, is now faced with the unenviable task of having to bash CYCC and management when the stock price is both up and down. In other words, we see the usual and unusual suspects bashing cycc even though the share price is up following the secondary. A position which is inconsistent & unsupportable from any perspective. Wouldn’t we all like to argue against someone and have it both ways, right? Hello? So bashers hate Spiro when the share price goes down and then still hate him when the share price goes up? From what I have seen the bashers have provided no facts to support their vague claims and we all know that public corps are held to a very high standard and if there were any wrongdoings dowe screwem and how would have been there all ready. I challenge anyone to present this forum with facts of wrongdoing otherwise it’s all hot foul air.
5) Spiro deserves much credit for both the company’s successful $20 mil. raise and the favorable terms he negotiated particularly given the biotech sector meltdown and overall market sentiment, not to mention showing the angry voices and forces we see at work here that this company has a growing basket of choices that no longer include the low rent players from jersey city. Maybe it’s time for the jersey boys to find some less promising cos. to mess with. Or not. Maybe you
direct quote from icedummy post today, " But I truly believe Spiro is a Sociopath. He apparently is one of those people who can lie with complete ease. "
Again I challenge the icedummy to provide facts for such meritless claims!! Oh and btw - who's the sociopath and who's lying with complete ease?
glad I'm not u! what's that eoy bonus gonna look like now. Oh well, you can always replay wolf of wallstreet for the hundredth time to reminisce about the good ol days.
how do you explain the flurry of meritless claims and the flurry of dummy aliases claiming to be true investors?
As for the share price and short activity. Piece of cake. The share price is easily manipulated for any microcap stock. On and off short activity is the usual approach for hitting price targets. But since you are running around with multiple handles and at least 2 or 3 versions of the duediligence alias I must question your authenticity. peace out :)
Here's the drill! When a company issues a secondary it begins weeks or months in advance. It might have been shopped around, word hits the street. And, then your boiler room hears about it. Then your master cracks his whip on his trusty (i use the word loosely) pack of cockroaches ahead of the secondary; and your job is to pose as legitimate investors so that when the secondary hits you seem clairvoyant and then you can switch to begin overtly bashing the company, the management, and authentic long investors here.
Well, here is your problem, as I see it, it didn't work this time. Dudes you beat the stock down 6 cents all day. Is that all you got to show for probably a month or two of scheming and conniving? lol. :)
This dufus has been claiming he is a lawyer forever.
What kind of lawyer or professional person sits around and posts meritless slander about people on message boards? Hello??
This cockroach could not carry the lunchbag for an industry professional such as Spiro; and yet day in and day out this dummy posts meritless claims against Spiro. Again, the usual MO is 4 banal to lukewarm positive posts to each attack post against the company.
It is all a tawdry little game designed to deceive folks so that investors will actually believe that he is a true investor that's just a little insecure but continues to stay with this stock against his fears and better judgement. But again if he or any sane person believed that the ceo is unethical as icedummy claims why would they stick around?
But the true acid test is to ask icedummy to please describe why this ceo is unethical, which I have done many times thru the years, and he will provide nothing. It's reminiscent of the little boy who cried wolf a million times.
Why so many? At least 2 or 3 different duediligence id's: duediligence213 ; duediligencerfq123. Sorry but shouldn't we question their sincerity?
Bashers are everywhere. Normally when a firm issues a secondary they can manipulate the share price down. They will post like crazy with dummy id's and swear they are legitimate investors. They are not individual investors they are working as a pack and may even be generated by the same sick individual keyboard.
This drama has been repeated over and over by the same stooge(s). They have no facts so they invent fiction. In the case of Sapacitabine, what can they say. The drug just grows and grows. PHD's, Esteemed Institutions, SPA's, Nobel Laureates, Increased Survival of Patients, etc., etc. They got nothing so they try to character assassinate the ceo with smear tactics and baseless allegations. Don't take my word just watch it - it's so transparent when we see that all of this fictitious passion and false pathos has no substance.
the boiler boys work in packs, like wolves or zombies. icedummy, wentworthdummy, jathdummy, investdummy.
remember - real investors simply sell their investments they do not bash a stock on message boards before they sell. bashers have agendas - either they have a client who is short or they have a client that wants cheap shares. called shaking the tree.
Here's my 2 cents. Partners want the lowest price and the lowest risk. Spiro & CYCC mngmnt know what they have and simply have not seen the right offer. They refuse to give away the store and why should they? BTW, this approach is in the best interest of cycc shareholders. I will trade immediate short term temporary gratification for long term permanent security every time.
watch icedummy transform from the insecure long to an outright hard bash alias with fangs and out for blood. longs prepare yourselves and round up the cross necklaces, garlic, and wooden stakes. the undead are rising up from the foggy crypts of jersey city, hoboken, and transylvania.
Spiro is way wise to these antics and likely will have set any pricing to a weighted historical average. Meanwhile, Count Short-Bashy is simply trying to score a couple of scary points per share from lil ol ladies and nervous nellie. The maggots and roaches will be out in full force and coming out of the woodwork. Seen this a million times, oh the banality.
Dart will vote for Spiro as will all of the institutions holding cycc. Your musings from behind a messageboard alias are without merit. How do we know that your posts are meritless - answer: because you have never provided a single shred of fact.
PS - the other icedummy factoid is that this has been using the same transparent boiler room technique known as the soft bash for years; i.e., 3-5 vague or innocuous posts for every solid bash post. It might be time to try a less obvious schtick. However your boiler room master will likely command you to turn the hard bash on presently during this shelf period in harmony with your true short sentiments. I predict you will be a more overt basher now. You have spent months trying to sell the board your sincerity as a sort of insecure long but given this opportunity you will likely turn on your basher light. However, your greatest challenge is the same as it has always been which is that your posts against cycc mngmnt have always been baseless and are very difficult to sell to real thinking investors. Said differently, you had no success hurting cycc mngmnt before and given cycc's splendid pipeline and splendid financial prospects you will simply be wasting more cyberspace and electricity. peace out :) PS2 - you will likely call boiler room headquarters in hoboken to pull strings w/ yho to have this post deleted (a little too close to home, let's see)
The biggest mystery here is who has bought all of the affy shares. There are presently no tutes holding even a 1% position. Over the last 6-12 months all of the affy shares held by large institutions went somewhere yet there is still no sched 13 filings.
L2, thanks for finding the article. I was off on the buyout price. I remembered the $8/sh price but thought they had 50 mil shares not 95 million shares. You would think I would have remembered since I had astx stock at the time. The last year run was great fun when the shares took off but there were frustrating years of holding a lifeless investment before it awakened.
Thank you for the interesting & relevant post!
Astex sold out to otsuka for approx $400mil. last year with the price reflecting a lowish valuation due to the generics threat on the horizon. Astex had a new version of dac in their pipeline however. This eisai news is quite intriguing. J&J had the EU rights for dac so maybe another shoe will drop soon.