really.. check your facts if he got 50 cents then he is doing just fine. the stock can't go negative... There aso is no way to sell covered put. Selling puts require cash to cover the strike price in your account.
You should pay attention to mark twain's advice (you and pity)
I do not see a sinle hare trading at anything above 8.50 after hours (till 8pm)
the ask price ismeaningless after close current I 8 to 850
one thing you forgot is that the common stock is wiped out and replaced by new issue. So shorty has nothing to gain at this point.
I would say the simple answer is MCP. You are just a clueless fool
Friday was an option expiration day... I would really like to see the volume spike continue on onday before reading too much into it..
you are as intelligent as you are about me being a short... I was a shareholder that luckily sold most of my shares at $5 to invest in another issue. On the next significant drop I began bailing on the rest.
The big flaw in your logic is that the investors at all the levels you provide no longer have anything left on the table but losses. Their remaining investment amounts to nothing.
The people invested in MCP common already lost most of what they had to lose. The debt holders will not be wiped out... they will be restructured into the holders of the common stock that is issued to replace the current common shares.
So in answer to the who benefits from BK, the answer is that the company survives and the overbearing obligations are wiped out like the common.
I have described this before cement head. take your meds and open your eyes.
Such valuable advice you have provided the longs here, well at least the shorts have something to like about you... I do not.
Thing is the shareholders already lost it all... The HAD a billion in it but they don't any more
hard to believe you still show up... BK doesn't mean the Chinese get the company... It wipes out the current shareholders and debt, and the bondholders become the new shareholders.
This eventually falls back to the brokerage that handled the account. They seldom are not in a position to use the account holders other assets to make good as selling short requires a margin account...
The brokerage can liquidate holding in a margin account without permission to settle requirements once a fail to deliver occurs... Stock margin requirements would protect the brokerage from financial liability... Margin requirements on commodities are another story, the brokerages have no issue liquidating immeadiately when margin maintenance levels are hit.
actually you post far too often and often with content of little value... keep it to fundamentals... we kinda know who the 'shorts' are. The most annoying part is the frequency of their similar posts.
I used to look at your posts but have begun skipping the majority of them.
please provide a link from INO that discloses the offer was made.
As a material event this would be required to be disclosed to investors. You talk like the offer was real... the price action says differently. If this trading action was legitimate then its was done on non-public information.
They seem to be funded for the short term. They are in the position that everyone hopes for in a biotech, they have entered phase three on a process that most likely would be a candidate for accelerated acceptance by the SEC...
The key will be in the results, I find the DCVax-L studies promising and like that they have DCVax-Prostate in position for a phase III waiting on a partner. While a fundamentalist at heart I see a well formed cup and handle that is at the breakout point...
its also an entry strategy, selling in the money puts greatly increases the chance of execution... selling them out of the money reduces the chance of execution by substantially lowers the entry price. No execution then keep the funds and try again.