That was the only things of significance mentioned yesterday. King still had a reason for buying that's not come to light. This is definitely a catalyst driven stock - it just appears that there is no immediate catalyst to the "short-sighted". I m sure one or more will appear soon and there are many. Shaking a few weak hands out that expected big news yesterday and there was no big news - only news was really negative when King said "TEVA & 2014" in the same sentence. My contention is that we should be above $8 right now with the information we already have - company is simply undervalued. They dont have 17MM shares however - reality is that there are at least 25MM+ (i realise they're not issued yet ...keyword YET) but nevertheless that market looks at it at 5 having a $125MM mkt cap. Stupid to think the mkt believes the 17MM shares is the real shares - it's not.....ALXA still should be $8 - that's $200MM and I'm sure we get there within 6 months (+ or - ).............seems like a good return to me - 40% from here.
Wonder what it takes for the shorts to leave and stop manipulating. We're slowly climbing up since the early drop this am. Goes to show that when they take their finger off the sell/short button the path of least resistance is to the upside.