Go look yourself. No filings with the SEC except the change of directors earlier this morning.
They didn't file any notice with the SEC I guess.. just straight to BK court? It was trading at BK prices for about 10 minutes before the close. 176,175 shares.
That's all true but to make such statements in the open invites jail-time, not just lawsuits.
Wait for the 10Q to know.
There is no info on the SEC's site. Looks like panic to me.
I don't know if it is better necessarily -- doesn't let ATHX fly out with any good news -- but it does make it harder for shorts to control the price movement.
First, please use proper sentence structure in your messages..."4500k" is "4,500,000", not 4,500, and don't repeat yourself. It's a **little** annoying.
I'm not selling. Not going to sell based on some punk shorts trading a few hundred thousand shares and triggering day traders' stop losses.
Here are facts.
1) The company has quite enough cash to survive for at least two more quarters.
2) Shorts are in control, and adding more to their positions. The float is 12% short. Considering that only 1% - 2% of float is traded every day, and Sabby has bought everything they can from regular float as a casual investor, shorts have complete control until an institutional trader walks in. They will short this stock to the ground and make extra money off of day traders' stop losses. Today a .38 and .37 stop loss was triggered.
3a) My one fear is that Sabby Capital is actually shorting with its new shares to bring down the stock price. I don't think they are based on what I read about Hal Mintz (Sabby's manager) but I could be wrong.
3b) Alternatively, Sabby could be preparing for a friendly takeover of CYTX or to impose Hal Mintz as a director. That would be obviously good for the stock price. Hal Mintz has made hundreds of millions of dollars for Sabby Capital investors over the past few years and invests heavily in pharma companies like CYTX.
ATHX has only 4% short interest last time I looked. Many other biotechs have huge short interest.. often between 10-30%.
Same pattern last 2 weeks on CYTX.
Down at open, then either down later or just stagnant.
Super low volume almost all the time.
The only thing that provides a ray of short-term hope right now is the super low volume bid/ask spread of .36/.52.
If there is BK it would be massive filing fraud.
"Hirsch's resignation was not a result of any disagreement with the Company on any matter relating to the Company's operations, policies or practices."
You get tons of these stoidi jumping in messageboards whenever a stock falls.