What makes you think a few million shares covering ( a paltry amount of the float) must make a stocks PPS go up? On a small thinly traded stock the believe in a SQEEZE is often a fallacy, at least initially. I assume you are unaware of hedge fund dark pool algo trading,, circular trading and other tactics. If you don't understand the suble nuances you should ne in small bio investing. This PPS action is perfectly normal and par for the course, Relax,,,,
As usual Palan your post is excellent. However my guess is that very retail investors have taken
advantage of the several low priced opportunities. The day that LS was approved was a paradigm shift for smart long term NAVB investors, Let the shorts claim LS wont sell, wont be approved globally for use in manyother tumor applications. The real facts are that the shorts have been dead wrong on everything. LS got approved, NAVD didn't do a secondary. NAVB did get the pass trough code. They will be wong about global partnering. So now LS wont make any money? Serious;y given the shorts track record LS should actually do quite well. That'sreally all they have to say. 99% of short posts say " PPS stuck" "PPS will never go up" etc etc etc. Those are posts my 9 year old son might think at\re prophetic. If navb continues to execute this will be a very valuable businee to shareholders or as a buyout candidate. Do I give a rattts #$%$ if PPSstays at $2.80 for 12, 18, 24 months, Nope, not at all. If you are a seasoned investor, a pro, and can understand potential, the PPS is actually an irrelevant metric. It has no relationship to value, There are hundreds of companys that bear this out. Ultimately the share price will converge with the business exectution. So the short only case now is PPS DOESNT EVER MOVE. That's a meaningless spew, Ask mr Buffet.
Iwin you summed it up really well. I think another factor is that the short book is the far more sophisticated group of traders on navb, Besides PM and a few index funds there is virtually no institutional long presence. So it quite easy for the highly technical algo programs the shorts use to milk the stock and stealth cover at will, In the final analysis PM will rescue the shorts at some point, PM will eventually be selling lots of shares,,,