well, i thought we'd get an after-market PR - but

well, i thought we'd get an after-market PR - but this one blew me away. i didn't expect partnership, or buyout due to the issue we're dealing with - but did think something positive was coming (NASH, new CEO, progress on BLA, etc.). never in my life did i see this one. but a good friend who i got to invest has sold a couple of companies - and he told me "you don't ever screw with the regulators - ever".

in my opinion it comes down to this as an investor - do you expect this company to make it, or not? If you do, you will probably have a chance to buy shares in the 20s tomorrow - which is a valuation in the 150MM range for the entire company. it's a bargain - but only if the company makes it.

I think they will make it - but those who call people bashers for suggesting it's possible the company doesn't make it - put down the crack pipe. This is a brutal development at a time when the company is already in a really bad spot.

I'm going to have a drink tonight and decide if i'm going to step up and buy more shares tomorrow in the event it gets pummeled - which i think it will. I honeslty don't know right now - but maybe the play is to buy one last chunk, plan to sell your higher basis shares in 30 days (and take the tax loss), and pray to the good lord above.