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Star Scientific, AŞ Message Board

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  • sigmundxavier sigmundxavier Jan 26, 2011 3:50 PM Flag

    Why open a 7mm naked short on a $1.75 share stock?

    "the stock stopped going up when the people who were buying finally realized that the "news" was a non-event ... a forgone conclusion on a procedural matter."

    How do you figure that the granting of this petition was a foregone conclusion? Looks to me like there was a risk that it would be denied, which would damage the patents and the litigation. The removal of this risk should be worth something IMHO.

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    • Regarding your question "How do you figure that the granting of this petition was a foregone conclusion?"
      I think a better way to state it is that the stock price already had the issuing of the grant built into it -- The stock price closed within, what, 1cent of the day's open yesterday. Now, had the petition be DENIED, may have seen a precipitous falloff. So given that the stock closed virtually unchanged following the granting we can certainly deduce that the decision was expected or "discounted" in the stock price.

 
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