% | $
Quotes you view appear here for quick access.

Bovie Medical Corporation Message Board

  • kagemushataiko kagemushataiko Jun 6, 2009 6:31 AM Flag

    Why would BVX want to hold down its SP?

    Let's assume that my supposition voiced earlier is on the right track, ie the company is issuing restricted stock to insiders who have sold shares in the open market. And that the purpose of the exercise is to hold down the share price.

    Why would they do that?

    I understand that BVX has no need of fresh capital to develop new products so they couldn't care less if the SP doesn't go up and hence zilch hyping. But why would the company give a damn the other way?

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Kage,

      The ONLY one to benefit from insiders selling, Alpha bashing, MM dumping, and "capping" the price would be potential partner. Assuming that potential partner is going for quick buyout, instead of real partnership.

      This could be a stretch, or James Bond move, wishful thinking, but you can try to connect the dots....


1.60-0.01(-0.62%)May 27 4:02 PMEDT