The shareholders of OPK are well aware of the large short position in OPK. The shorts have made money shorting OPK from the 5 buck range on down. There time is running out. Once Frost solidifies some of the investments he has made in other compaines along with the medical devices. Which will come along very soon. The shorts will get crushed, and the patient shareholders will be rewarded. Frost is developing a company from the ground up. Give him a little time. In the mean time the shorts will SPAM GARBAGE untill they get crushed.
This short is pimping a scam service reporting insider transactions, reported about 30 of his SPAM posts to the Yahoo abuse team. Read this balzack this means the discovery and lawsuits will soon rain down on you and your naked short RICO act violating pals!
Bailey McCann, Opalesque New York: The European Securities and Markets Authority (ESMA) has provided a new question and answer document online as guidance concerning short selling rules in the eurozone. The Regulation places new restrictions on short sales of securities traded in EU markets and EU sovereign debt, including credit default swaps ("CDS") that are referable to EU sovereign debt, as well as requiring certain private and public disclosures.
According to the document, "the objectives of this short selling legislative framework are to increase transparency of short positions held by investors in certain EU securities, reduce settlement and other risks linked with uncovered or naked short selling and create a harmo- nised framework for coordinated action at European level." In a client alert from law firm Shulte Roth & Zable, financial attorneys note that the document provides much needed clarity on the scope and disclosure responsibilities surrounding these rules.
According to the authors of the alert, new EU short selling rules can be expected to have a fairly far reaching scope, specifically - "the mere fact that a particular instrument is admitted for trading on an EU trading venue means that the requirements of the Regulation will apply to short sales of that instrument, irrespective of whether the instrument actually is traded on such venue." The location of the person making the trades is also irrelevant, one the trade is done on an EU venue, the rules will apply to whomever put it on.
The ESMA guidance also included guidance on swaps and made mention of two new websites for disclosure and reporting from investment firms. Those websites were released late Friday with a note that they were not yet fully operational. The guidance and requirements come into force fully on November 1, 2012. According to an account in Financial News, the regulator is also set to begin monitoring and reporting on cross-sector risks. The effort follows similar plans by regulators in the US to monitor systemic risk as part of their remit under European Systemic Risk Board and the Dodd-Frank Act respectively.
The information released from ESMA follows recent actions in the US by the Securities and Exchange Commission (SEC) as well as the Commodities Futures Trading Commission (CFTC) to formalize rules around swaps, derivatives and short sales in the US, as reported by Opalesque. Earlier this year, the SFC in Hong Kong also issued its own new rules on short selling and electronic trading as part of a coordinated international response to more closely monitor these market activities.
last buy 25,000 from frost...so what accounts for the rest of the buying on that day...if you fools don't think that the big boys are covering as this stock hovers you are nuts...they shorted high and you homers are going to be burned