Maybe that other guy was onto something. Hear from a reliable source that there's an offer at 1.80$/share. He couldn't confirm from who so I don't know if the Endo thing is real. Apparently this is why they have been cutting on everything from RD to staff. This really sucks because my options are way higher than that. I now officially hate this company. They don't care about us. I was afraid something like that would happen. J. Sedor probably got an amazing option package and will make bank so fast it's crazy. I suggest looking for a new job asap as new company won't keep any of us. It's the only way they can make their investment profitable. If someone knows something I don't or if he has a reason to think this is all BS please let me know. Thanks
Heard same rumor that it may very well be a done deal as far as an offer on the table. And would explain Sedor being missing for over a week. However, I am hearing a sale at .76 cents per share after the debt of over $300 million is paid (by new owner). Hold up could be the final sales price being so low after debt is paid. But Sedor may have no choice here as there are no other bidders and company is running out of cash. Could also explain why all of the large institutions sold when stock hit $1 as they had inside info that pending sales price of company would be much less.
Majority of the Board of Directors that control over 50% of this stock (and voting rights) also are the largest debt holders/creditors of the $300M in debt. I cannot see them NOT accepting .76 cents per share (after debt is paid) as they are assured to have all of their money paid back and then some. I am sure Sedor is holding out for over $1 per share, but he must present all offers to the Board. So yes this very well be a done deal.
Take this all with grain of salt as my manager "thinks" he is on the inside with senior management, but who knows. He says hold up on the offer is indeed they potential buyer is not budging on a price of around.75 to .80 per share after they factor in paying the 330M in debt. Sedor and company is pushing for around $1 per share. Neither side is budging to meet in the middle. So deal could very well fall through. Again, this is according to my Mr. know it all manager. But to be fair, his info in past was proven true. (most not all.)
Ok you cleary have no idea how it's done lol. You should do something else of your life. 13F are for Q2 only so up to june-30. Nobody knows what happened after that since its Q3. Seriously now you don't look good. So how can we take your 0.76$ seriously.
Really do not care if you take me serious. Don't shoot the messenger as I am just passing along third hand information from people in management I trust. They could be wrong or could be right. They were right on the layoffs, on this big fund Cohen and others selling, they were right on the restructuring of terroritories and also right on our new CEO going fulltime. Seems like a lot of the rumors on this board do in fact end up accurate when the dust settles.
i also heard the 1.80 per share. I heard the executive team was trying to hold off on the sale until after Q3 to get sales revenue up and potentially get a higher price but since we are half way through Q3 and the scripts aren't increasing the way they need to they are going to take any deal they can get. Sucks for me too because my options are at $6 and change.
sedor has been out of the office working with the legal and financial teams to make this deal happen. I heard the reason the Q2 earnings report was delayed was because we tried to get the sale of the company completed before then, but a few items needed to be finalized and the SEC requires the earnings to be released in a certain time so the call had to happen. I imagine the Announcement should come by the end of the week. It is ashame we won't get the true value of the company.
I just asked my manager and he said that he felt something was up. Nothing more. Why the end of the week?
Come on sales reps, stop "goofing" on the Stocktwit trolls who are stuck big time holding Pernix. They actually believe you and are posting comments on Stocktwits about this. It is so funny how they want to believe any good news. You guys (sales reps) are playing them and goofing on them big time now. Sad but funny.
Look, I frankly don't care about any investors who are on this board. They do not impact my life at all, and I have no idea what a stocktwits is but if someone goes to a sight named that to get investing advice, they get what they deserve. I have posted about Sedor out working with the legal and financial groups on this deal because that is what I heard and I can put two and two together. I actually really like Pernix, this is a great company and I hope we continue. But at some point you have to be realistic and see the writing on the wall. I think we are going to be sold in the very near future. I hope the guy on Sunday is right about people touring the corporate office because that would indicate they are going to keep our jobs (I hope). In the end, when a company like ours is in such a bad place all we can do is speculate. The difference between me and you is that I actually work for Pernix and have a lot more invested then your 500 shares, this is my families future
After market hours today is what is being rumored. Priced between .76 - 1.60 is what people are saying.
Yes you care, that's why you reply and you keep on posting loser. You don't even work for us. Obvious by the way you write. And you have no contact, maybe a boyfriend you chat with from your mom's basement. Now go flip those burgers.
