I have been in communication with Dr. Mike Goldberg at Platinum Montaur regarding the selling rumor, and have his permission to share the highlights of that exchange.
Dr. Goldberg was emphatic that PM is NOT a seller of the stock, as the rumor suggests. He reminded me that PM has invested a great deal of money in Navidea because they are believers in the future of the company.
While there will most likely come a point when they will sell their NAVB holdings, Dr. Goldberg reiterated to me that PM is not a seller at these prices.
Sentiment: Strong Buy
At the end of February NAVB was the most-shorted stock on the AMEX. This isn't PM at all. It isn't large shareholders holding big short positions manipulating the stock. The volume has been and is extremely high. Once the shorts work their way out and squeeze out their profits and earnings come in in the next quarter the nature of NAVB as an investing mechanism will begin to change. Retail investors who are long are wise to sit on their shares and wait. My gosh, we've waited for years and we can't wait a few months now? Come on!
Not sure I believe DD and/or Goldberg. May be too many reasons to be untruthful or to twist it so you can say you weren't being untruthful. Maybe a subsidary of PM is doing the selling or whatever??!?!?!? Just doesn't add up. And, if it does then who is selling?
We will likely really never know so it is easy to lie when no one will ever know and some day, no one will care!!
Why the hell would they sell now when they couldve sold many times at a much higher price? They are believers in the company and have a lot invested that they want to see through. This is mostly shorts like AF and Tang scaring off new buyers. All of a sudden my Fidleity acct says navb shares are "hard to borrow" with only 266K available. That aint much after the past few days. Wed the short volume was 3:1 against the longs. Yesterday much the same. Just wait till you see the short report later; you'll see who as been selling
I almost wish you would have reported that they did dump then at least we would know the reason and that there is an end to it in the near future. But it never made sense to me them dumping. Just games...I never liked games.