Summary
Been here for 3 years with some of you goof balls who claimed this stock was the second coming of christ. Famous tag lines like:
Endo wouldn't burn all this money into their largest trial ever
Endo is manipulating so they can buy them out
This drug cures all cancer
blah blah blah.
I am to blame because I held on and rode it into the ground as well. At this point, there is no reason to sell or buy. I think its painfully obvious after 3 years of observation as a few others have pointed out that the company truly has been mismanaged. The company literally has never met a deadline or fufilled any promises and has always been a step behind on calculating how much money they would need. I don't know but my gut tells me that Grame is a guy that started a business a long time ago and doesn't really know how to run a business and should have hired a good bio executive to run the company and he is trying to do that now.
At the end of the day, if they sell Animal for enough money to cover debts, your left with an unproven nonapproved drug and some cash and hope. The market is a good judge of value, not always but pretty close. This stock hasn't gone up because some smart people have run the numbers and figured it probably isn't worth getting involved. If a deal gets done, my bet is the stock jump 7 to 15 cents and thats it.
I'll painfully watch and eventually sell and learn my lesson!
Best of luck!