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Biotech / Medical : T/FIF, a New Plateau

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To: Icebrg who wrote (1907)4/9/2003 6:40:21 PM
From: Icebrg  Read Replies (1) of 2243
 
>> Spectrum Pharmaceuticals (SPPI)>>

Things are more or less going back to normal. I.e. the share price is falling back again. Perhaps not so unexpected as there hasn't been any news.

Somewhat unexpected was however that the company today informed us that they have received a de-listing notice from Nasdaq's small capital market.

In the end it will most probably be the success or lack thereof for Satraplatin that will decide the company's fate. (As well as the financial status of its shareholders). Being off the Nasdaq lists will reduce the comfort while we wait for the results.

The company has said that they intend to appeal. I don't have any experience in this area and have no idea if this should be treated as a serious matter or just a nuisance.

Time will tell.
Erik
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