A thrilling adrenaline rush for all of 60 seconds...
What could have caused such a wonderful pop?
It’s about time that something positive happened here.
Did Metabolix have a wonderful breakthrough?
Did they get a buyout offer from someone much bigger?
Did the shorts finally get forced to cover?
Did they sign a big partner?
What ??? What happened ???
Then reality set in like a rock that skipped one second too long and finally settled at the bottom of a stream...
OH, DUH!!!! It was a reverse split….
DARN, I was really hopeful that their payday was finally here.
Management and key shareholders entered into a secondary on April 10th with a second lock up expiration date hence many of the biggest shareholders won't be able to trade their shares until 90 days after that... In other words not until July 3rd.