I just don't understand how they can loose millions of their own money and not do anything to try and get the price up a little or at least stop the bleeding. Maybe the demand for the product is no good and they have no news to report on orders for the stapler? I can only try and understand what is happening over there, Something doesn't add up. Management is holding a enormous amout of shares and they are loosing more money every day then I can ever hope of having in my life time and they are silent. It doesn't make sense.
Cardica needs to raise a little money. They can sell stock to Aspire Capital to raise cash, as discussed in the 10K. Hopefully next week they'll announce the first delivery of the Xchange 30 in Europe.
Tax selling of a low liquidity stock dropping price now feeding fear. All unfounded as nothing has changed with trial or EU launch. Just to illustrate the lquidity here, go to yahoo finance historical prices and download spreadsheet. Add up the entire years worth of share traded through yesterday and it only totals 12,910,300 shares. Only 35% of the entire outstanding shares have traded hands the entire year! This is a self-fullfilling prophesy for the stock price fall. Unless there is a manipulator driving a compelling event for an acquisition. However, the BOD and major share holders won't sell out when they are this close.