As leveraged assets go down in value, the leverage multiples go up. Adding to that multiple is the falling dollar and the fact that these assets are in reality debt deposits, not cash deposits, that were passed on in different forms to be leveraged over and over. FDA Rejection Likely for Biovest At the risk of getting stuck in a rut, there’s more to talk about from Biovest (BVTI). On Monday, the company held a conference call about their BiovaxID data. I read the transcript on my Blackberry while waiting to celebrate the birthday of a journalist friend of mine. I have to say, I got quite a chuckle when I saw that management took shots at me on the conference call. The conference call has some additional details on it about the statistical issues, so I don’t mind writing about this situation again. The conference call had...
[read full story]
Your Web Site
