so how is lewis going to defend todays action? insiders converted their options to shares over $20 so they're not making out too good right now. is this the last chance effort by tutes to buy before lewis drops a bomb shell to make the share price go vertical? makes no sense that we have a manufacturer for arikace in canada which to me says results are good and we're moving towards approval and revenue soon. so I ask - what is lewis going to bring to the table tomorrow? partnership?
So, what we have here today is rather curious from a timing standpoint. Everyone knew that tomorrow is the latest Insmed presentation. They also know that some new developments (todays contract) and EU orphan staus are in hand. What they do not know without having to battle the SEC and others is "the data." If they do know, then they surely will face some tough challenges ahead. Only WL and the execs at Insmed know. I expect some important news this week as well as a reiteration or two from brokers. If one believes in conspiracy theories, then it is not a stretch to think that the funds want cheaper shares before we either go vertical or get acquired for several billion $$$.
dorian I have to agree.....something all to weird going on - my guess is it's one last effort to #$%$ up shares. if it's true they can not short today and tomorrow then I hope it's one last effort to get as many shares and watch the shorts fry tomorrow. tomorrow will be very interesting indeed!!