Knumb Knuts Extraordinaire There is no doubt now, that Graeme et al, want to sell AH to take Urocidin to the finish line. Graeme et al, are the additional 12M shares wanting to wait until the Nov. 5 AGM circumventing the Biovail Boys from forcing a meeting earlier.
This means there are a substantial number of voters wanting to allow time to sell AH.
This also means that Graeme et al, are willing to blow everything on Urocidin. This can be seen as a good sign, but also a chrapp shoot.
My bet is that upon the sale of AH, there will be no dividend, because Graeme will hold all the cash for future burn, and we will see no sustained increase in our dismal share price. Therefore, whichever way you take this company, you will only make money if Urocidin strikes pay dirt. Endo dumped Urocidin en masse, and they knew its potential.
Frankly, the future looks bleak for all of us aching long term investors.