Previous CEO did everything he could to keep his hefty compensation coming in and frequent trips around the states with his so called promotional bs, until he got fired.
New CEO, but Galena's stock will never see 7's again.
Stating facts about a companies lack of performance for it's shareholders isn't talking a stock down. NOTE: Do you truly believe words can influence the direction of a stock in this thread?
BANKRUPTCY is coming. Not a matter of "IF", but when. I estimate within the next couple DILUTIONS lol.
Sooooo continued shareholder DILUTION here is great? Where do you think the $100M came from? Previous CEO was a #$%$ like I posted here numerous times for last 2 years. Yet most longs here thought he was GREAT. All Ahn did is pay himself HUGE compensation packages and spent more time flying around staying in expensive hotels on shareholders dime, but sold it to longs as promo.
Did any of you see all the empty chairs at all the conferences Ahn spoke at? I sure made note of it. Yet most longs supported Ahn all the way to his getting fired. Unlike most longs here, I did my DD on Ahn and posted his horrific track record for all to try and swallow.
The writing was on the WALL and smart money longs dumped last run to 7's and went short lol.
Hows that pumping going for ya? OMG
The problem here starts with the CEO.
1. IPO raised $70.5M Sept. 2013.
2. Head count increase by 80% since IPO.
3. STOCK OFFERING Feb 2015 for another $22M+
4. CEO establishes collaborations so one sided, he should be fired.
5. CEO negotiates like a 3rd grader who hasn't grown his balls yet.
Shareholders who clearly haven't done their DD, shouldn't be surprised this stock has tanked from IPO 15 to 4's.
NOTE: To you morons who keep calling me a short, have you tried getting short shares here? What a bunch of clueless clowns.
Smart money shorts jumped on this $15.00 IPO as soon as they could secure shares. So clearly they've made bank here already. Can't say the same for the longs who bought this IPO outta the gate, or chased much higher than 5 - 6 range, where new longs are starting positions.
I only wish I'd come along here during the IPO stock crash from mid teens and joined the shorts for 60% or more gains.
That said, I recently started (SCALING) in with some long shares. Now for you all in bag holder types, scaling in means to DO NOT buy with ALL IN arrogance......FEEL ME :-).
Clearly a higher risk spec play noted by my DD prior to my first long position. So EXCUSE me for pointing out some extremely obvious problems here starting with the CEO.......and don't agree this is a STRONG BUY at this time. Does the company have some potential, yes or I wouldn't of bought in same as a SPEC PLAY.
And I hope your right (straighthippie) bro and this beaten down small cap bio finds some badly needed institutional support sooner than later.
Best of luck to you.
So go ahead and keep trying to convince yourself shares are CHEAP here lol.
Anyone see a problem here? Head count in 15 months has increased by 80% since IPO.....
This company got by with 50 people prior to IPO. So what the hell happened after BIND got the $70+M from IPO.....
Maybe the CEO hired his entire family, relatives and friends?
Think about it.
OIL GLUT and reversal of yesterday's pop, keeps me looking for storage topping and a potential severe down move in OIL. FMSA did have a nice run recently and flat here doesn't bode well for short term trading.
Hoping for price volatility here again soon. FLAT is boring :-)
BOTTOM LINE: Not rocket science why the stocks tanked. Trust me, this company will "DILUTE" several more times before it ever reaches a panel.
Furthermore, the deals insiders have made to date need to bring value to shareholders and so far that's yet to materialize.
Finally, since the IPO just over a year ago, BIND's body count has increased by nearly 80%. Insiders better find a "REAL" partner soon. You know, the kind that truly shares the risk, over those tossing us a bone on the backs of our taking "ALL THE RISKS" towards milestones completed.
BIND better clean up it's dead weight fast, or all of them will be looking for jobs upon BANKRUPTCY.
Not short here, just some hard facts. Of course some of you don't bother with DD, so no need to respond.
SHORT from 7's and desperate? See you at ZERO bag holder LOL
ps. Check out my short plays over at PAMT now HEAR and CZR. Can you spell Bankruptcy?
What ever helps you deal with losses here ahead of more dilution and finally bankruptcy. Cut and RUN as fast as you can. Maybe you'll run into last CEO Ahn and knock him out for destroying this company lol.
Only a fool would keep this turd after CEO Ahn destroyed the company imho.
If I'm short, you gotta be a huge bag holder here with that strong buy lol.
When you show weakness, you get stepped on again and again. If insiders were actually earning their paychecks, they should've had a back up deal in the works to counter Pfizer bs request for extension.
Of course Pfizer wants an extension, but why give it to them with nothing in return?
INSIDERS: Find your balls and earn your paychecks OK.