Worse news is Broadwood still has another 2.7 million shares. They start selling them off and you will have the opportunity to buy QCOR in the 40s again. I use to think Questcor's executives were smart money men when they so ably brought the PPS back last year from the Sept crash with buybacks, a dividend and strategically timed positive news releases. Given lack of buybacks this year, the CC call investigation announcement disaster, etc., either they have lost the services of whomever conceived last year's response or ...........? Who knows.
You should read Questcor's Form 4s. Broadwood is owned by Neal Bradsher. he is a QCOR director. Sold better than 500,000 shares last week from 11-11 through 11-14. Then exercised options for another 40,000 shares on 11-15 which he turned around and sold as well. Those options weren't scheduled to expire until next March. When you you have this kind of selling by an insider and the Company doing nothing to support the stock price with buybacks, you don't even need chum to attract the shorts. This is going to get even worse before year end.