After many years in the private equity business I finally have a glimpse of what is happening here. Small boutique firms put buy recommendations on a stock, run it up and then finance the company at $1.72 a share. Run the retail side up and move the stock much higher and quick. Firm now decides it is time to rid itself of the cheap paper and starts dumping in droves. Where do you think the 5 million shares of pure selling has come from? Great gig, fill the shorts and make 70% on your money. This is not retail selling, it is all private placement selling, and we get #$%$ by it. Aegis Capital? H C Wainwright? These are the crooks here and we are taking it in the buttocks as a result. These firms can't analyze dog #$%$. Oh, we put a price on the stock at $5, of course we are getting consulting fees to do this and then cheap paper. Boys, you will be sued. Your conflict of interest is going to bite you in the #$%$. Sorry about the ranting, but I am #$%$.
I don't like AF, the Street, Cramer, the price drop, the lawsuits, or anything else that has happened in the last couple of days. But for the "glass half full" scenario of it all, (1) theoretically, no one loses anything until they sell; and (2) if what is in CPRX's pipeline is as promising as most everyone here believes it is (myself included), the #$%$ spewed forth by AF is just a short-term deterrent and the price will shoot right back up to where it should be.
Sounds like a conspiracy theory Bob. "Run it up", "move the stock higher", "take it down" all nice catch phrases but if it were that easy to move market or make money, every firm would be doing it no? After all, thousands of small cap firms out there doing secondaries every once in a while.
BK,,,,,,,,,,,,,,,,your dead on correct statement might as well be a message in a bottle floating in the middle of the Pacific Ocean, forever lost and hidden from the hype consuming masses that reside on this MB!
Hear no evil, see no evil, speak no evil is the motto of the shill pumpers!