My beautiful laundrette
What goes up the hedge funds must take down, otherwise they couldn't make all that money
I don't see anywhere indicating he owns even one share. Totes are pegged at about 40% of float almost as high as 30% shorted numbers
Thompson needs to pull a "KaloBios" like short squeeze on CXRX rather than some silly "he made me feel bad" libel suit. But then he would have to own some sign share blocks to do so.
What a joke! Cohodes makes off with shaving off close to $3bil market market cap and this CEO slaps him silly with a $4mil libel suit. He should have just pulled down his pants and farted in Marc's general direction. Just as effective.
Well now that we know Marc Cohodes was behind the 30% short raid do you think this libel suit will have any sway either way?
30% float is shorted
Thanks to WS we now have a name behind the big short...Cohodes, Concordia's own Andrew Left/Jim Chanos
Also profits booked in British pounds, which has had a major haircut today...is not great for the bottom line.
Jipster... He deliberately stalled for time fully expecting the FDA hold to be implemented after dilution. It bought him a 6 month window to negotiate a deal with J&J without having pressure to advance trials. This appears to be the clarity provided from hindsight.