"They" never hyped it at all. The only people who hyped it were Hunter Hall (which has been in it for over 10 years, and already made a pile of money from the stock) and other fund managers who joined the party too late.
It was actually Dr Gray who staved off the Cephalon takeover. See:
http://www.smh.com.au/business/sirt...-sells-down-share-holding-20130807-2rfah.html
The Cephalon takeover was at $4.85/share. Dr Gray progressively sold down from about $6 to $12.
Even after today, the SP is over $17 ..... so who made the better decisions Cephalon? Dr Gray? or was it the "Scientists" who have stayed the course?
The SP was about $15.50 12 months ago. So as of today, SRX has returned over 15% to shareholders in the past 12 months alone.
All management did was:
1) Explain what the SIRFLOX trial was testing;
2) Give a date for preliminary results;
3) Provide a presentation explaining how the preliminary results would be published and what particular outcomes would translate to in commercial terms.
They never spruiked that the results would be positive.
Non-scientists had a bet on the trial results and lost - that's all that happened. They started taking bets around $15, and continued to back the company up to $39.
You can read my posts in other forums .... no one would accuse me of falsely supporting management.
I'm guessing you bought sometime in the past 12 months, but you're taking out frustrations on this management is misplaced.
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