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Affymax, Inc. Message Board

  • pritha197312 pritha197312 Jul 14, 2014 3:26 PM Flag

    who is catching all the shares thrown?

    volume is more than half a million

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    • Who knows, MMs churning up some business, MMs getting ready to ready to run it for a quick 3-4 bagger, or MM's supporting price until someone can at least get a dime for all their remaining shares. And the long shot being there may actually be some good news in the works and anything being sold is being collected up in an orderly manner.

      • 1 Reply to atpcrushed
      • Isn't amazing this orderly share exchange going on at 10 cents. No rush one way or the other.
        In the last 13 trading sessions since affy hit 10 cents 15,439,850 have been bought. There are no 13d filed meaning one of two things, buyers are many or the buyer is not required to file. Who would be exempt. Just one more reason short selling needs to be made illegal.
        There's still no answer from the SEC on whether or not mm or exchanges have reporting requirements when they acquire over 5% like the rest of us. I don't think that's such a tough question that it couldn't be answered by almost anyone at the agency.

 
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