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Bullboard - Stock Discussion Forum ProMIS Neurosciences Inc PMN

ProMIS Neurosciences Inc. is a clinical-stage biotechnology company. It is focused on generating and developing antibody therapeutics selectively targeting toxic misfolded proteins in neurodegenerative diseases such as Alzheimer’s disease (AD), amyotrophic lateral sclerosis (ALS) and multiple system atrophy (MSA). Its proprietary target discovery engine applies a thermodynamic, computational... see more

NDAQ:PMN - Post Discussion

ProMIS Neurosciences Inc > And there you have it.
View:
Post by BottomBroker on Aug 21, 2023 4:17pm

And there you have it.

Another PP at around $2, unless I'm not understanding it correctly. 

Is the SP allowed to go up now?
Comment by M101 on Aug 21, 2023 5:26pm
I seriously did not think they could scrw us this hard. And the only part that will go on Gail's CV is the 20 million she "raised" for the company.  Wow that is one high priced...practicioner of the world's oldest profession.
Comment by FarmerBetsy on Aug 21, 2023 6:20pm
They've been misleading retail investors for along time sad to say. A point last year with PMN 310 when Joann Kaplan annouced at the Alzheimers conference in July/22 that the company would be filing the IND in the 4th quarter/2022. We know how that went delay, delay, why didn't they do a  financing back in May if they were serious about going into the clinic at a much higher share ...more  
Comment by M101 on Aug 21, 2023 7:33pm
And now it seems obvious what the 14 million share day was all about. I can hardly wait for the next one. 
Comment by FarmerBetsy on Aug 22, 2023 9:51am
Yes with roughly 8 million shares on the market then a Nasdaq 14 million trading day on July 17th easy to see the power of the Boston group. July 1- 16 total Nasdaq shares traded 65,334 shares. Took 5 trading days from a high of $8.95 on July 17 to close at near all time low $1.75 on July 24th.
Comment by goldtech on Aug 22, 2023 12:36pm
This should be reported to the SEC.
Comment by M101 on Aug 22, 2023 11:50pm
If our board did turn down better deals the SEC would have to get a complaint from the other party before investigating, otherwise where's the foul? I mean there is no way the SEC looks into price manipulation simply because it couldn't be more obvious, they're more likely to give the Boston group an award for efficient use of the system. 
Comment by FarmerBetsy on Aug 23, 2023 9:55am
Don't know do you think those trading days in July were an accident? Investopedia Nasdaq, " Collusion occurs when entities or individuals work together to influence a market or pricing for their own advantage. Acts of collusion include price fixing, synchronized advertising, and sharing insider information. Antitrust and whistleblower laws help to deter collusion."
Comment by M101 on Aug 23, 2023 2:34pm
Collusion refers to but is not itself a crime, and we have the problem that by simply doing nothing our board could insure that market would drive the price down because of cash burn.  I have no doubt that it was manipulated, but also no belief that any SEC rule violation was committed because I've been reading about the SEC and believe it no longer has any actual mandate to clean up ...more  
Comment by FarmerBetsy on Aug 23, 2023 6:53pm
M101, your reading in the wrong place. The more whistleblowers the more traction maybe. No one is accusing of wrong doing but what just happened does not pass the smell test. Participate like others and see what comes out of the SEC, at a minimum files are started.  Re-Cap Nasdaq Promis shares out on the market about 8.5 million July 1 -16 all trading days total up to 65,554 shares traded ...more  
Comment by M101 on Aug 23, 2023 10:33pm
And what regulation, existing or supposed, do you think was violated?   Because from the SEC's link for market manipulation tips there are 3 categories from which to choose, and I can't see making a case for any of them. https://www.investor.gov/introduction-investing/investing-basics/glossary/market-manipulation.  But if you or anyone here can see a likely violation, I ...more  
Comment by BottomBroker on Aug 23, 2023 10:57pm
Agreed. The system is a joke, and the average joe is the butt of it.  Most who in fall into the category that would benefit from stock price manipulation would argue that they got into said category by working harder/taking better advantage of the system than the average joe. And maybe they have a point. Sort of. But I would argue that the original design of the system was to allow the ...more  
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