Oct. 4 at 5:28 PM
$BCRX
ENOUGH is ENOUGH!
- 1.5B Market Cap
- 400-450m cash on hand by year end
- Term debt paid (frees up restrictions on cash)
- BOD has a fiduciary duty to maximize shareholder value
The #1 obvious fiduciary responsibility of the board is to stop the relentless destruction of the equity price. (Maximize shareholder value) The Institutional short-sellers have been sitting on the ask for years as they swallow up the bids and walk the stock price down. Now that the company finally has the means it’s time to go on offfense and put an end to this chaos by ANNOUNCING a
$200M share Buyback.
Shorts will have two choices:
1) Absorb the 28 million shares (13% of OS shares) at current price.
2) Cover and get the F*K out of the way!
Both choices would be a win-win for the stock price. Shorts will choose #2
Now do your job BCRX mgmt and BOD and step up and do what’s right for your shareholders who have put up with all the BS over the years!
P.S. Buy Out would be wonderful :)
