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All, ASND is exactly in the same situation as COMS. Both peaked at 80, then plummetted to $26. COMS had a sequentially declined sale, so had ASND. COMS went thru a price war w/ INTC. ASND sees decreasing price per port. Everyone was bailing out to $26, the same with ASND which was trending upward at $35 before the rug was pulled out from under by the market crash. Eric hit the road sharing his vision, strategy. Then came the USRX merger which was not well taken by analysts. COMS ran the risk of having the merger not approved by USRX shareholders for they thought they got a raw deal. The only way for the deal to go thru is boosting the COMS stock price. Eric went on a whirlwind tour meeting with MMs, analysts coralling, cajolling them into believing in the merger had excellent synergy. It paid off. COMS went from $26 to $50's. Similarly, ASND set back after the CSCC merger. Mory may need to copy a chapter from Eric. Mory can either cultivate a good relatioship with the financial community, instill confidence in them, or let the 9704 stellar result speak for itself. IMHO, he needs to do both to propell the stock price. I think Mory knows it full well that stock option is now commonly considered as a part of employees' compensation. He repriced options for employees at $34 15/16. The stock dove to $27. I don't think that he will reprice again at $27 in a scant few weeks. The best thing to do to retain employees is boosting the stock price. There is a limit to stock buy-back program as in an acquisition, neither the buyer nor seller can buy more than 10% of share outstanding and is still allowed to use the pooling-oaf-interest for the merger, which has great tax advantage. |
