RE:RE:RE:RE:RE:Quiet Board, So I will Make a PredictionThis stock won't go anywhere until institutions start buying in and that won't happen because the company withdrew guidance and their financial forecasts on the last earnings call. Hell, they counldn't even answer per drug revenue questions. It will continue to trade like a penny stock and some people willl trade it for a dime I guess until Chapter 11 is announced because the bondholders and banks won't just sit back and wait for further deterioration in their drug porfolio, imo. And right now I think they call the shots and judging from what news has come out of the company they have been running the show for the last couple of months. But longs can keep "hoping" ... that's what makes a stock market - HOPE.
DeathPool wrote: My intention isn't to argue with you lumber about how much money that you say they have or whether they are in a crisis (and they indeed are)... but anyone who puts credibility into anything this management says needs to give their head a shake. Insiders have sold stock and taken cash instead of shares on their RSU's for a reason. They know its bankrupt.
There have been a lot of things over the last ten months that you have said "
no way that will/can happen", and those things have indeed happened! But good luck tho' with your long.
Lumberfeverlong wrote: With almost $500M innk you are going to be waiting a very long time. There is no way the company does a recapitalization under Chapter 11 with that much cash on hand plus the $60M under the revolver.
DeathPool wrote: Ii am waiting for the pre-pack. There is support until it blows, until it falls apart.
Some Canadian options money maker was asleep at the wheel and priced some puts incorrectly.
Now that nonsense is corrected ...
Lumberfeverlong wrote: I predict the company will do an equity raise instead. The share action the last few days does not support a prepackaged plan. There is huge support in the 3.50 ranges.
Health123 wrote: I predict that the Board will announce Chapter 11 restructuring before the earn out payment leaves the treasury.