Platinum/Montaur positions courtesy of the SEC and Navidea 10Q:
Common Shares Held 6/30: 9,194,517
P-share conversion 7/27 1,896,600 common
P-share conversion 9/18 850,200 common
P-share conversion 9/25 1,474,443 common (to theoretical blocker limit w/o notice)
Common Shares Held 9/30: 9,361,276
Net shares sold out: 4,054,484 in Q3.
Additional dilution to common : 4,221,243 shares
Net reduction of total position in just Q3: 10.24%
P-shares conversions remaining before the gift stops giving: 26,199,240. No wondering why the short interest dropped through the same period. I'm looking forward to meeting our largest institutional seller and newest board member at the 2014 Annual Meeting.
Platinum put the 850,200 and 1,474,443 conversions into the PP Arbitrage fund..they were not sold. . Also consider the shares given to FPMI. In addition to these shares the PP arbitrage fund has been a net buyer over the past 60 days. They had significant purchase under $2, just before Q3 earnings. The did sell some in the upper $2 range, but overall, they were a net buyer. So Platinum has not really been a net seller, if you don't consider the FPMI shares. PP Arbitrage owns a significant number of shares.
this raises a lot of questions about ddbuyer:
- is he unwittingly being used by goldberg?
- does he work for platinum montaur?
- does he own so many shares that he's saying whatever he thinks will best help the share price?
any other theories?
Tim: the facts as laid out by Techread(again) certainly look to open a can of worms relative to to your post. DDBuyer and M.G. could easily address this/these concern/questions though in all reality that will never happen. the concern/questions will remain as such for each and every individual to decide for themselves. no theories from me as that would be a redundant exercise.
PM converted weeks ago and not converting or selling down here. No longs including PM are selling at cheap prices like this. The big short heavily sold to get down here and whose shares is he covering with down here? ...day traders who are clueless and easy targets.
yawn, price 1.5
pipeline nobody cares about
the joke of wall street
where can you fund so many losers? Navb pumpers on MB.
ONVO went up 100 perent since october
thsi POS down 40%
Onvo has no FDA approved product thsi POS has it
Change management LOSERS
there are many losers on the IMSC board, also, a PM related entity….also pumped by Uri Landesman many moons ago……making progress but way too slowly to appease the masses…i am one of them….
bernard.....yes, those shares used to by the position in FPMI are included in the 4M net sold.
iwin....what I was meaning is that when the first of PMs huge conversions hit in July 2012, the SP dropped over a buck, however since the SP was still up nicely in the high 3's I could see the argument that PM is not behind much of the short trade. Here at 1.50, following another 4M in conversions that must be aborbed, and fllowing a declining short interest pattern, suggeting reconsidering the connection. BOL
Platinum added to their position by 161,000 shares! What are you talking about? That was sarcasm. Just preparing you for the inevitable denials of basic math. This is quite the little ATM Platinum has here.
Tech - I took so much verbal abuse with that theory last year as PM may be the largest short holder and covering with their current shares as they don't need to pay anyone interest.
Tech -Thank you so much for all your effort this past week. I'm currently busy raising funds for the typhoon victim in asia. So far I have raise a little over $12K.
Who, Techread, Iwin and those on this mb that are willing consider as to what the FACTS are as laid out most thoroughly by Techread: the best puzzles have their answers hidden in plain sight. i`m so beyond ready for PM to sell all the shares they wish so as to achieve their desired long position(hopefully they have one!) and end their short. so much for michael goldberg`s statements as conveyed by DDBuyer that PM was not selling. whatever.
Me too who!! People were brutal about how stupid they thought we were - those of us that laid out what we thought and why PM was selling. Now they know that PM has been selling and likely will continue to sell. When you have that many shares at that low of a price and you want to be just below the 10% mark, you will sell. They (PM) want to use those funds that were converted from debt into equity and the many warrants in cash to invest in other areas and get their NAVB investment level down to a certain investment level. It's not that PM thinks this is a poor investment, they just need to have an appropriate investment level which is around 9%. Simple and what any good investment professional would do. Heck, at an investment level per share of aprox 50 cents, their return is great!!!
Too bad you have so many idiots on this board, basher and longs as it was the longs that brutalized you, me, Tech, Palantir and a few others.
I recall around that time of prior "verbal abuse" the SP had just been knocked down from the high 4's to mid 3's while at the same time we saw significant short covering. At those levels I could understand the objection. Here at 1.50 one has to re-visit that question and really think twice about it IMHO. BOLTU on the fund raising. Go Bucks
In the past P/M has likely short-sold the stock ahead of the conversion. This is a common practice by warrant and/or Prefered share holders to stay below any blocker/reporting limits. Navidea management has obviously believed this based on past observations when the short interest has dropped significantly following PM conversions. The practice was recognized in the recent Crede warrant deal which is why the short sale (if used) must be immediately prior to the conversion. No such restriction exists in the Montaur P-share agreement. This is speculative however speculation based on observation of facts. BOL