What we need now is a substantail cash infusion to keep going and prevent our new take out PP from owning a potentially great company for 12MM dollars. They certainly are in the drivers seat now.
Kudos to the people to took a perceived “consolation prize” and sold their holding last week. I expect a buy back...(if they are still interested) for just pennies on the dollar. For those in the US with some substantial taxable gains or depreciation recapture from the sale of other assets it will make a nice tax shelter for those who sell and mayby buy back in 30 days.
All in all, this morning is not a surprise when considering what happened in ‘13. I would guess the combination of Lipitor and Crestor was the deal breaker but we’ll find out very soon. Coupled with the Vikings loss to Chicago, not the best way to start out the week. :(