RE:RE:US Market hates the optics; shareholders suffer
SEC guaranteed to investigate if suspected insider trading complaints are filed. I was waiting to hear what they would say and what questions would be asked before pulling the trigger on filing a complaint. Insider trading cannot/must not be tolerated. The short sellers acted on insider info, I have no doubt of that. No one in their right mind would short a company on the verge of breaking out. No one in their right mind could realistically believe that the drug arm would fail outright or the placebo arm would give extraordinary results. Yet we are to believe some were smart enough to anticipate one of those to outcomes would happen. They cheated and we know it. Now it needs to be proven. I will file both SEC and OSC complaints asking that the unusual trading activities be investigated and all short selling, especially positions taken from mid Dec to mid Jan be investigated. More the merrier, so if you are perturbed by all the games then file a complaint.