RE:Shorty churned 1.2 MM shares to drop SP 20 centsDo you think maybe Cibc's reduced target might be causing some selling? They basically said if you hold this there is 38% more downside. More downgrades to come i'm sure, but don't worry, its just short and distort. Lol
MirrorWorldMan wrote: What's it going to be next? 10 cents, then 5 cent. Then 2 cents? This isn't my first rodeo. At some point shorty will hit a concrete floor and try to cover after hours or maybe some dark pool (doubt it). I don't see evidence of manipulation for options strikes. It's just a solitary fund or two trying to stink up a stock. Hold all shares and shorty will start trading in multiples of 1/100 th of a cent to give the appearance of volume. Then earnings will start paying the bills and organic buying brings things upward in a slow painful way for shorty. Right now assets equals liabilities (roughly) and the future earnings need to pay debt expenses with some left over to chip away at the principals and sell some new drugs. Simple. Wait long enough and buy if you can. There is no evidence that creditors are getting nervous and there are new product revenues arriving to generate top line growth. MT stated the old drugs are not part of new revenue, they are cash cows. It's time for the new stars to take over as revenue drivers. But shorty by definition cannot see long term.