Post by
1wascallywabbit on Oct 20, 2015 10:21am
where / why
are these millions of shares coming from, and why are they interested in selling at this price? I don't understand. Is it our new friend in the US takinh some off the table? Is it a requirement of maahement to get more cheap optoIons for upcoming new hires? Any ides who the sellers are and what motivates them. It just doesn't make sense to me to not let it run up. Even if u wanted out....wouldn't u want out at a higher price. Surely if asks are pulled this will increase running up to adcom and they can get out then. Someone is capping this and I would like to know who.
Comment by
terr2 on Oct 20, 2015 11:42am
I think we are looking at some positioning. Most of the trades are from Anonymous to Anonymous.
Comment by
DryBones on Oct 20, 2015 1:01pm
well the market just said FU to my idea that there are buyers taking a position.
Comment by
burritscold on Oct 20, 2015 1:25pm
They are taking a position. Behind us, and slightly above.
Comment by
DamnYankees on Oct 20, 2015 2:09pm
Positioning for the reverse? Except I am expecting that 10% below these levels. I am wrong again but I would have expected a little more in the way of SP support from the group that received the108 mil shares at 34 cents. Maybe that comes after the 15 for 1. There could also be a buyout offer looming
Comment by
vega509 on Oct 20, 2015 2:22pm
support? that will only come when there is a successful ADCom, an approval from the FDA, and the share dilution ends. until then, profit takers and the maniipulation will continue. the proposed reverse split is not doing any good for the share price either.
Comment by
DamnYankees on Oct 20, 2015 2:32pm
Everybody knows that Vega. Only a runaway gambler with money to burn buys a biotech until it has FDA approval. This isn't the 70's anymore Vega. Biotech investors and potential pharma partners want iron clad guarantees of success.