RE: Asset Sale Plovie... Using your Wall Street MBA logic, what would you figure the value of the entire MCC platform is... 60-70 cents per share? I am reasonably confident that Endo would pay that.
I'm not sure any sane person would accept that, but with the prevailing assumption being that we are at least 5 years away from Urocidin approval, anywhere on the planet, maybe that is not a bad pitch.
This is a beaten down base of shareholders, who seem to have lost what little faith they had that management can deliver. I know McRae has publicly said he wouldn't let it go for less than $20.00, two years ago to the day in no less, but I might entertain 60 cents just to get rid of it, even though I know that it is worth 5 to 10 times that in the hands of an experienced seller. As the Endo ball and chain would indicate, we don't have the right seller.
Ii might be worth it just to finally end the frustration and perpetual excuse making.