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Re: Page 52 of this year's Annual Report: "We expect that our cash, cash equivalents, and investment securities will be sufficient to fund our planned operations through at least the next twelve months." eom<you should know (and it should be obvious) that by league I am referring to his knowledge of this industry.> Yeah, a "man knowledgeable of the industry" who misstates Acadia's cash position, rounds 417 to 410, and makes wildly unsubstantiated charges against the company's top shareholder. A real brain trust, isn't he? But to be fair, he's no more obtuse than those of you who quickly lost sight of the crux of our disagreement, which rests on two distinct and unrelated claims: (1) Whether the Baker Brothers short against the box, in a company on which they have 2 BOD seats. (They don't.) (2) Whether Acadia is on the verge of another equity raise despite exiting the 2Q with $417.3 million in cash. (It isn't, and I'm not the only one who thinks so: both Cowen and Piper Jaffray are on record saying an equity raise is not imminent.) <Of course you should know and expect that many of the rest of us are in a similar position. I too got thousands of shares in 2012 pre -020 and same with Spader and several others.> This claim is almost certainly false. I commented on YMB before anybody here ever did, way back in 2011, and during that time I remember only one other person long Acadia -- somebody named "Portsmouthohio." Members of your clan turned up in 2012, and most of the posts on YMB at that point consisted of spam, some guy yelling "dilution!" ten times a day, and others posting false information and claiming the 020 trial was going to fail. One guy (you, perhaps?) even claimed that he had emailed Jason Napodano, then an ACAD analyst, and was told "Acadia's looking for patients" for whom the drug works. I dismissed the claim as bogus. So I and maybe one or two others were vocally long on YMB. I was the first to post Donna Kleinert's comments about pimavanserin having worked for her husband Joe, and this weeks before the 020 data were released. Back then (2011-2012) there was no Spader, there was no Scotty, there was no Berkstump -- surely no one boasting about having purchased thousands of shares in the $1-2 range. |
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Msg # | Subject | Author | Recs | Date Posted |
10857 | Re: Page 52 of this year's Annual Report: "We expect that our cash, cash equivalents, and investment securities will be sufficient to fund our planned operations through at least the next twelve months." eom | jaznblues | 7 | 10/22/2017 10:49:36 AM |