Looks like those "boys" looking for 50 cents are going to be disappointed. We just hit $1.40 on very solid volume. I often wonder if these guys who love the negative and bashing have bigger problems in their lives. You know we do call them "shorties". Maybe they are small on character as well ;)
I don't know if you are new to biotech investing or not but the kinds of problems Athersys is experiencing are very common in this area and don't necessarily reflect on the management. They have a product with a broad range of possible indications. They are going to have set backs along the way. They also have to contend with partners. All they need is one hit. It is only strike two and the second strike was a foul ball not a swing and a miss. There are several more outs and maybe a few more innings. I still believe this is a very good lottery ticket.
I disagree with one caveat. It won't take two years to get a handle on this if the promise Gil talks about is really there. Chugai will move fast if that potential is there. If Gil is blowing smoke, well that's another thing.