ge, your sale scenario seems reasonable to me, but I can't get CYTO's inability to bring in a strong management team out of my thinking. Here they are trying to sell a major, late stage prospect to generate cash to keep the rest of the company going, but they don't have the management to do the job needed. If someone offers up a price anywhere close to reasonable for the whole company, I think they will have to give it more than careful consideration.
Someone a few posts back said that the ALT halt and sale might facilitate bringing on new management. It might, but I believe you usually want the new management to buy into the major decisions before they are finalized. Nevertheless, if some strong new senior managers join soon, it would suggest that your view (sale is 2 years or so in the future) is correct. I doubt if top people would join if they felt the company would be sold soon after they came on board.
In any event, for now CYTO's direction seems to have shifted in favor of the longs.
Regards,
Walter |
