There is a new article in Quartz today 12/15/2015. PicoP is a huge market in Africa, Asia, South America. They don't have a traditional TV.
media companies in Africa have been betting that the continent’s growing consumer class will pay for their premium pay-TV services. And for a while now, it’s seemed like a decent bet. Revenue in the pay-TV market across sub-Saharan Africa has nearly doubled since 2010, topping $3.5 billion last year, and by some estimates could reach $6.2 billion by 2020.
short story article from Marketwatch about KBIO today (11/19/2015)
“I was holding KBIO short overnight for what I thought was a nice $2.00 fade coming,” he wrote. “At the close of the bell I saw the quote montage clear out and figured today there was no action after hours in the stock. So I went to my office for a long meeting. I got out of the meeting and saw a message from one of my buddy’s, he asked if I was ok since I was short KBIO.”
OK he was not. Far from it.
KaloBios KBIO, +472.46% stock had exploded, running up about 800% at one point in late trading after Turing Pharmaceuticals CEO Martin Shkreli (yes, THAT Shkreli) gained control of a majority of the shares. KaloBios had announced last week that it was winding down operations because it was running out of cash while developing two potential cancer drugs.