We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon
Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
I owned Sibia at the time of acquisition. I did not participate in DDDP. However I am in LEXG and the $5 January covered calls expired Friday. ( At least I think they did--the stock closed at $5) I am probably in a position of Liquidating the LEXG regardless. I had a nice 4 month return on the calls and it is probably time to exit. Lexg's cash position looks ok until you factor in restricted cash, and the synthetic lease that is impacted by FASB's new ruling dated January 15/03. It is interesting that J&J is also a collaborator with LEXG. As I recall your last thoughts on LEXG were not overly optimistic.
Love the company. I'm just concerned that this "rock and a hard place" situation will be ongoing, and I'm therefore focused on asset plays or companies where burn is aimed at innovative, new targets and molecules that are in man. I'm just concerned when a good percentage of burn is aimed at screening for new targets, etc.
Love the company. If sentiment swings, it could be a market fave. I'm elsewhere, but I picked three terrible situations, back-to-back, in 2002.
A rather pleasant note...... doubling down in two of those three lousy picks would have resulted in a hunk of recent return.
>> I owned Sibia at the time of acquisition. I did not participate in DDDP. <<
Glad to hear about SIBI and the LEXG calls. Again, while I participated in DDDP, I did not profit from the position. I lost faith and didn't feel that it was wise to dig deep at or near lows. Congrats to those who did!!