... that moving the share price down doesn't scare retail investors and keep them on the sidelines?
For my money the trapped Shorts are doing this - because they CAN do it, and because it's ALL they can do.
They may as well ensure that any shares which ARE sold - by the overly-cautious investors at Northern Neck for example - are theirs to buy for a much lower price than $14, and with practically zero competition from retail buyers.
And if the Phase III results are as strong as is generally expected, perhaps more people will sell if the price has run from $10 to $15 than would have been the case with a run from $14 to $15.
But PLEASE stop with the ridiculous suggestions that somebody else is going to sell millions of shares to the agents for the tracker funds instead of waiting for the Phase III results.
If YOU wouldn't contemplate doing anything so utterly illogical, why should you expect another investor to do so?
It's one thing for the trapped Shorts to exchange phantom shares in order to run the price lower, but they would never dare increase their positions by millions of shares just on the off-chance that there's a problem with the Phase III results.
The Short position for mid-June will be published after the market closes this evening. I'm hoping it's now well above 2.5 million. If the antics with the share price are anything to go by, it probably is :-)