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Arena Pharmaceuticals, Inc. Message Board

  • j_butler1959 j_butler1959 Apr 16, 2013 2:19 PM Flag

    ARNA shares extremely scarce. Borrowing costs have gone up per Fidelity.

    Interest on loaned shares went up from 10.75% to 12% recently. Not bad at all. Huge demand for shares that are essentially unavailable.

    I count at least 4 reverse conversions totaling close to 3 million shares spread across April and now rolling over into May. Please note these shares are created out of thin air.

    4 million shares that are going to wind up as naked shorts. I don't count on those shares ever being acquired ever. To heck with the SEC. MMs own the market and do with it as they please.

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