SI
SI
discoversearch

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.
Biotech / Medical : Shaman Pharmaceuticals has been moving on big, relative,
SHMN 0.001070.0%Jan 16 9:30 AM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Edscharp who wrote (824)4/21/2001 6:19:23 PM
From: JMarcus  Read Replies (1) of 838
 
Ed, my speculation is that GNC doesn't want to launch the product until they know that a company will be around to supply product. The 10K says that Shaman will sell most of its assets by end of May or cease operations due to lack of funds. My guess is that GNC is waiting to see who buys the company. If GNC believes it can rely on the purchaser to supply product, then GNC will launch.

This is just my speculation. The word I've heard from the company is that GNC management lost focus because of corporate reorganizations.

I don't have much hope for us shareholders at this point. With the pressure to close a deal by May, the company will be sold at firesale prices. We should see the final chapter soon.

Marc
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext