End Game

It's over.

Ariad will likely be sold in the next 2-4 weeks.  Sale price at least 25, possibly 40.

Why?

1. No news of AGM. Ariad investor relations (Kendra Adams) has written to me twice,  promising a date for the proxy and AGM announcement, but there is still no announcement. Anyone who does not see this as fishy is smoking crack.

2. Harvey is out.  Ahead of schedule.  This means a deal is on the table,  and he was the only thing holding it up.

3. BRIGA is BTD, 788 is probably focused on KRAS. HUGE.  Big Pharma would die and go to heaven for this IP.   They need it.

4. Assets,  including Ariad, have a shelf life. Denner knows this, and he's no fool. MIT, Yale, Ichan. He has been well trained.

5. Clock is ticking. Denner has been in Ariad for 18 months, the drama with Harvey was taxing,  and it's time to declare victory and move on.

6. Calm before the storm.  Volume has been abysmal.  Nobody with any sense wants to trade, and tute ownership is at a record 80%.

Hang on to your shares for dear life, and acquire more if you have any cash.

Glta

TC

Conspiracy Theory

Point one. I wrote to Kendra two weeks ago to ask when details about the AGM would be released, along with the proxy ballot. She replied within 15 minutes noting it would be sent no later than May 15th. When it did not appear yesterday, I wrote her back. I did not get a reply - which is unusual for her. 

Point two. Scheduling and announcing an AGM is not rocket science, and requires no high level intervention. Leadership picks a date, consistent with previous AGM schedules, and underlings make an announcement. 
Point three. Now that we are a month late on the announcement, and Kendra has gone underground, I am going to fan the conspiracy theory fires and postulate that something is up.
The conspiracy prediction. We will likely have either news of a buyout, a new/interim CEO, or both by the end of next week. 
Hope you all have a good weekend, and looking forward to getting your missives on the conspiracy theory. 
Cheers, and GLTA. 
TC