Time for a short squeeze. INO has 57 million shares in the float and 7 Million of those are owned by company insiders.
The dividend would need to be paid on all the short shares out there... and many of those are on margin. We are right at the point ($10.40 and up) where the shorts are not in great shape.
After 4 PM on the 26th the new short interest numbers will be released... I would think that some shorts may have covered profitably, but given the push downward on the stock I wouldn't be surprised to see an increase either. Point is that short interest stands at over 11 million shares as of 7/31... I'd expect that we are still talking an 8 digit number for short interest either way.
An example would be that the company could issue a 10 cent dividend costing them 5.7 million but generating about 6.8 Million of dividends (57M Float + 11 Million short).
So how about taking a couple hundred thousand shares from the float to finance the dividend (I'd like to benefit from dilution for a change) and issue a dividend. This would cause an immediate increase in the stock price (which they can issue into) and I for one would match the dividend to purchase more shares... Looks like that strategy my work for the insiders that are already beefing up their holdings...
how does shorting INO put INO out of business, I could have gone with pushing the price down in order to reduce the price of taking a stake in INO
is all your math this good 20 * 28 = 560 not 1500
and your estimate in 2 KG of material to replace a 7 oz component seems questionable as well, attempting so so volume or what?
Last the balance in your equation below... doesn't
"ten million convertors/yr would require 10 million Kg of Cerium = 10 Thousand Kg/yr."
could have fed a lot those workers a few meals on my losses, how can you pump this #$%$. The losses are higher now that the plant is in production for 5 months... cash burn growing... oh wait I forgot the tooth fairy took a new position and wants shares of MCP... must need something to give for the teeth with lead fillings.
maybe you should research the margin requirements for stocks under $5... this was an attractive short at one time, its is not now... Buying a few PUTs is a better way to play MCP for the downside...
This is just a plain bad investment, the production that came on 6 months ago sure didn't help earnings the burn rate went up.
MCP may raise again, but looks to me it will be after stock is re-issued and the current holders are out... Look at GM and pay attention to what the prior shareholders received...
if this is true, the offer would need to be disclosed by the board and there would be a disclosure to shareholders. Bypassing process, would be an event that would expose them to lawsuits... private disclosure would also be questionable...
post your source or shame on you...
I had thought that it was irrelevant when first announced, but I think it made the stock far more attractive to the shorts... It is difficult to short a stock at less than $5 for those legitimately shorting the stock.
My disappointment in INO is growing with my losses
I highlighted the 5000 shares in your note below with *******, the 5000 share trade agrees with what fidelity shows at 16:51:51
After Hours Volume:
After Hours High:
After Hours Low:
5,000 $ .85 **************
(16:51:51 PM) $ .85
After Hours Time (ET)
After Hours Price
After Hours Share Volume
16:51 $ .85 High 1,000
16:51 $ .85 High 2,000 Less
just good practice closing a position at the minimum... the I don't see the purchase on fidelity but I did see 275 at the 16 strike
be honest yourself... if you don't have an interest in ino why do you spend so much time and wasted effort...
Is your life that worthless?
GM - is the one where the shareholders were wiped out an the shares were reissued... It would be good to remember that.
I added thousands of shares a week or so ago in the mid 9's
My original shares were at 66 cents pre split
I'm having a hard time holding back the tears... wait ..... I'm not
I read in one of the articles that their were 4 drops from the treatment group and 1 from the placebo...
Article: not a home run but great scoring position
short interest results were NOT included for the announcement period. I suspect that there has been some reduction in short interest due to results but won't see the infor for a couple weeks