YOU longs should look for an IPO soon.
Oh, I just farted. I wonder if the Navy will let me show them how much better my gas is?
Only validation you got is how often your wrong and how often you sit here and don't make any money, while traders make 10's of thousands of dollars daily on momentum plays.
You have yourself a really flat weekend, just like your stock lol.
So $215M burned down to $50M in a couple years with REVENUES, blows my mind. Thank God they laid off over 150 people, or this company would be bankrupt.
It's EXTREMELY difficult to raise cash following an FDA bust. That said, things better turn around soon, or this company is heading to zero.
So PRESENTATION in a week best be solid and CEO best ink a partnership soon.
Finally, the PAY of insiders is complete BS and should be reduced by 50% to include incentives based on stock performance.
REMEMBER in 2013 when FDA denied approval, many were holding shares in, or near double digits. Thereafter the stock sold off very quickly trapping many shareholders unwilling to bail, while many others clearly dumped as the stock sold off huge.
I suspect many shareholders who decided to ride it out, may have sold into the most recent run. Others bought into the 94 MILLION volume pop and are holding ahead of next catalysts coming very soon.
New CEO and new chief scientist will provide a top notch presentation and very likely ink a new partnership.
Exciting as we head into PRESENTATION in a week :-)
Partnerships can come with all sorts of terms. It's likely AVEO moves forward with an international partner as AVEO has indicated they are looking for FDA approval abroad.
I suspect some expenses could be 50/50 as AVEO has don't with past partnerships. This will further preserve cash, allowing AVEO to continue work on pipeline while also preparing another attempt on failed FDA drug.
CEO has indicated they are seeking partnerships and left the door open for a buyout. New CEO and other new blood at the company, bring a boatload of experience on preparing for FDA approvals.
The stock remains undervalued if you fully understand the BS the FDA used to deny approval.
When approved drugs failed extend life, AVEO's drug was used and here lays the FDA rejection BS. As the patience continued to near death on approved drugs, AVEO's drug was seen as a final death sentence.
FDA basically said AVEO's drug increased deaths, when the fact remains to this day, AVEO's drug has proven it's better than drugs used before theirs. When AVO's drug is initiated, it's proven patience whom remain on drug, are still alive today many years later.
AVEO's drug would have been approved, had it refused to follow failed approved drugs in patience that were worsening. Those deaths should've never been counted against AVEO by FDA.
Trust me, many great drugs don't get approved. A boat load of politics are involved costing people their lives.
FDA is BS in so many cases and AVEO will prevail.
performance after 2013 rejection has taken notice of investors once again. Once a BILLION DOLLAR market cap, 300 employees and over $350M invested by investors, i look forward to the presentation later this month.
Investors were able to see the unfairness by the FDA's rejection and how it came to it's decision. With some new blood at the helm to include additional drugs in the pipeline and updates coming, hang on to your shares.
AVEO will likely announce new partnerships soon.
How about another zero substance presentation ending in more losses and no SIGNIFICANT money orders.
What's wrong with this picture?
Don't worry about this going down. Just look to average down ahead of upcoming presentation. Should hear an announcement of a new partnership thereafter.
Already up over 70% from pre low. As usual those up early make bank. Bought between 2.50 and 2.70 as it bounced off bottom in pre. SOLD at 3.75, but it could pop over 4. It's Friday ahead of long weekend so I secured some gains early.
HAPPY FRIDAY :-)
LMAO............Made a nice trade on AVEO this morning. Looking for a new day low to buy back.
Ahhhh did you miss me yesterday? An $80K run this week, so my honey and I took my big bike for a ride in our gorgeous weather to Ocean Shores.
Now make some money OK.
One to keep an eye on in case momentum players hit it again.
PBMD & ISR along with AVEO.............examples of why smart money sells into momentum and looks for another day play
Upcoming presentation will push the stock higher and partnership announcement will push stock even higher.
BUYOUT is also on the table.
REMINDS me of "ACAD" in the 4's before it went up 10 fold.
Back to 3's and beyond.
2 more cans?