When I became active on this Message Board after a long absense, I soon noticed the suggestion that J.P. Morgan had picked up coverage of Celsion and then had raised their price target to $8.50 from its previous level. Anyone who is circulating this information (as opposed to simply repeating what they read without seeking to validate the information) is commiting securities fraud. I was the director of research for a NYSE/NASDAQ, etc. member firm and I know what I am talking about in this context. Circulating false inform- ation about stock recommendations, especially purported recommend- ations from widely respected and well known investment banks such as J.P. Morgan is guilty of securities fraud. Anyone who made this information up and placed it on a message board would potentially be subject two years in federal penitentiary and be barrded from the securities industry for their lifetime. I checked with a close friend who was previously the Director of Research at J.P. Morgan and he cofirmed that the firm has absolutely no interest in Celsion. I informed Celsion's PR firm of this information several weeks ago. MOJO
Escrow Agreement by and between JPMorgan Chase Bank, N.A., Celsion Corporation, and Needham & Company, LLC, incorporated herein by reference to Exhibit 10.2 to the Current Report on Form 8-K filed with the SEC on September 28, 2009.
No interest in the research department, no analyst coverage, research director never heard of the company, no report, no price target. Maybe the information you have noted was a fairness opinion from the fund raising which Needham and Company handled for Celsion. ABN are slimy characters according to Celsion's PR firm. It was JMP Morgan or something similar which they cited knowing that people would get it wrong and think that it was J.P. Morgan. Best, MOJO