Posted by
Message
bayoubengals88
Wisconsin Fan
LA
Member since Sep 2007
12403 posts

re: SRNE
I couldn't get in on this one.
Congrats to those who did


beauxgus
LSU Fan
Mandeville
Member since Jul 2016
6 posts

re: SRNE
So, is the right move to try to time the top end today and cash out or keep it riding?


jmcwhrter
Member since Nov 2012
1946 posts

re: SRNE
amateur predictions on ST are all over the place... some expecting profit-taking at the bell, others expecting shorts to try and cover all the way up to $7

seeing $8, $9, etc. being floated around... should be pretty tough to predict the top today

ETA: Also, they still have cash issues coming up quick on the horizon.. so if they reject this offer, I can't imagine the share price reacting favorably this time
This post was edited on 1/10 at 8:19 am


cuyahoga tiger
LSU Fan
NE Ohio via Tangipahoa
Member since Nov 2011
4578 posts

re: SRNE
I bought 800 shares at 3.88 a month or so ago. Almost sold st 3.28 last week. I would love to double up here and get out.


DawgCountry
Kennesaw St. Fan
Great State of GA
Member since Sep 2012
25608 posts

re: SRNE
I'm now 0/2 on MT Pharm picks


Replies (0)
Replies (0)
10
jmcwhrter
Member since Nov 2012
1946 posts

re: SRNE
interesting action so far...

someone says the company is worth $7 and the market is valuing it at $4.75

not inspiring much confidence


Replies (0)
Replies (0)
10
oklahogjr
Arizona State Fan
Gold Membership
Member since Jan 2010
28830 posts

re: SRNE
they'll be out of cash in next few months the way they burn it if they dont get bought.

their potential pipeline is huge management of the business is pretty meh


jmcwhrter
Member since Nov 2012
1946 posts

re: SRNE
I'd feel ALOT better if this wasn't some shady arse Chinese-managed company


jmcwhrter
Member since Nov 2012
1946 posts

re: SRNE
yikes... this is pretty ugly at the moment


oklahogjr
Arizona State Fan
Gold Membership
Member since Jan 2010
28830 posts

re: SRNE
only made it to 4.76 seems like a decent payoff if they donut frick up this acquisition too. 7 a share seems pretty reasonable to me.


jmcwhrter
Member since Nov 2012
1946 posts

re: SRNE
not sure if anyone else saw this, but this seems to be the reasoning behind the freefall today

LINK


oklahogjr
Arizona State Fan
Gold Membership
Member since Jan 2010
28830 posts

re: SRNE
did i read thre offering right?

they paid a little over 7 but everything overbnblike 1.40 was given to them as convertible debt?


seems 7 is around their number as well then. whrn i value them i get right around the buyout price. 7.22 a share is pretty fair prixe for thfreeir potential revenue. problem is they have debt problems so its really lower than this.


jmcwhrter
Member since Nov 2012
1946 posts

re: SRNE
still holding this one? i jumped out yesterday at around 4.30, but might throw some back in it


oklahogjr
Arizona State Fan
Gold Membership
Member since Jan 2010
28830 posts

re: SRNE
this thibg to me is so opposite auph. the management sucks, buried in debt with weak cash position.


im stsying away from it. best thing from this stock has been thst it validates my biotech value calcs with their buyout offer pricing.



jmcwhrter
Member since Nov 2012
1946 posts

re: SRNE
the product pipeline seems to be there, but it really feels like Patrick Moon-whatever is actively trying to stall these guys until they run out of cash

if they can walk it down to near 3.60, I might jump back in
This post was edited on 1/14 at 9:00 am


Replies (0)
Replies (0)
00
jerryc436
LSU Fan
Franklin
Member since Jan 2014
223 posts

re: SRNE
I really like AUPH and bought it as an investment. Still holding after selling half at 20. SRNE scares me but I did make a trade for a nice profit. I bought RCEL instead and trying to decide whether to hold for an investment or sell for a nice profit I have now. Any thoughts on RCEL from anyone?


Replies (0)
Replies (0)
00
jmcwhrter
Member since Nov 2012
1946 posts

re: SRNE
SRNE boards remind me so much of CBAY.. everyone so positive that this thing is going to double, triple, and beyond....

Then negative results, another stock offering, rejected buyout, etc.


oklahogjr
Arizona State Fan
Gold Membership
Member since Jan 2010
28830 posts

re: SRNE
It's crazy

554.21 M is a lot of debt. Especially when I think their value right now I think is 7.22 a share. long term liabilities makes up $3.32 per share


which puts their price around 3.90 per share which is what the market thinks their worth even if other company wants to pay 7. they need to take the money but i'm not sure they will.


Replies (0)
Replies (0)
00
first pageprev pagePage 3 of 3next pagelast page
refresh

Back to top

logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram