HASBROUCK HEIGHTS, N.J., March 1, 2013 (GLOBE NEWSWIRE) -- Nymox Pharmaceutical Corporation (NYMX) advises that the company is not aware of any undisclosed material information or news that would account for the unusual market activity in the trading of the company's securities on the Nasdaq exchange.
Sentiment: Strong Sell
Truthfully the volume and the percent loss are material to the value of this company This is a crash. If nothing is up this is really a mess. Institutional under 5 selling may be next. Should force the company to start talking. Someone decided to leave the coup and with institutional holding so small likely is reflects frustration with business plan or prospects of company even our hedge fund friends trying to limit their losses.Without meaningful partner in North America and soon this situation is looking pretty bleak.. Cannot express how frustrated I am personally with expectation for appreciation based on available data
This was not an institution or a professional exiting; they usually sell their shares through the market maker over several days. No professional would unleash this amount of shares on a market for Nymox in two days. This leaves two possibilities; one is that someone with a large position wanted money in a hurry ie had a margin call to cover on another stock but I do not think any one individual or hedge fund would have that many sharesof nymox . The other possibility is short covering or someone wanted shares because they heard of some good news coming. Anyway time will soon tell.
Paul Averback is an arrogant, pompous, stubborn old geezer. He knows he must string this thing out for his paycheck, all his shares are worthless, he already knows this, he's known this since alz test. But he's made a good career out of pumping us shareholders for his and Celine's salary's; until she couldn't take it no more and left, she don't want to be here when the sheriff's come a-calling.
If there is material information then the company is lying. If there isn't information then the stock is being manipulated. Low volumes and lack of interest make this stock pretty easy to manipulate. Sell a few thousand shares and the price can fluctuate. Sell 100000 shares and the price really moves. Enough short interest and enough suckers and short termers to make this a real shooting range. We still need real information. I think the phone must have been ringing too much today and he had to put out a new release. Still waiting for prostate CA study to end still waiting for this stock to move.. I am pretty sick as pointed out by wrb. I would think he feels quite justified today. I am now back deep in the red after about 8 years. Yuk. hope for dark before the dawn moment here
the company was asked by the NASD if there were any material events to explain the activity... when stocks drop 35% on no news, it begs questions.... was there actually a large print at 3.97 or so??
Close to ten times te normal volume today and as I recall big volume yesterday; something is definitely going on. I would complain to the SEC but they are too busy watching porn on their govt. issued computers.
Pharm I hope you are right. Dr. Paul has to have felt this one but he still has the board in his pocket and they will just reprice his options and he will be above water before you can say "3 years and no full enrollment." His release was accurate "nothing new here at NYMOX, were are still doing nothing."