JR maybe pumping so that he can lighten up on his holdings. He has very few followers on Twitter to make a significant difference in the pps. There must be something else going on like the realization by investors that AEZS is the real deal.
Here's what JR tweeted: "We think a $4 buy out offer is about to happen."
How do you get "confirmed" from that? A tweet from a Seeking Alpha blogger who nobody can find any background information on is NOT a confirmation.
Back in October, he tweeted that a Roche buyout was imminent... then that his information was "confirmed." Guess 6 weeks is not long enough to be imminent. Who knows how long "about to happen" will take.
1. JR is a pumper who makes crazy claims he cannot back up.
2. JR may sucker people into buying the stock and cause a small run... but there was only about a 30% increase from average daily volume today with only a 0.04 gain. Hell, if JR controlled as much money as he claims he does in his "private wealth fund," and he really believed a $4 buyout was coming, he could have moved the price more.
I'm happy to see some excitement, and it is always better to see the price moving in the right direction, but I'm not going to believe buyout until 500% increase in volume and much larger increases in price.