I did some top line DD. Occitan was a UK based firm that primarly invested in Euro derivites. what they were doing in ALXA . who knows. way out thier wheelhouse. nevertheless, thier is a occitan fund and occitan cap partners, and occitan cap mgmt group. not unusual for for funds to have shell corps for liability reasons. yet the shares are owned by occitan cap mgmt group. who cares. in a seeking alpha article back in april 2012 . i found this "London-based Occitan Capital Partners LLP increased its holdings of ALXA by 3.8 million shares to 7.1 million shares." new to the co here. when did they do the reverse split ? secform4 shows they owned 3.8mm . i'm not see any selling via form 4. i do see they own at avarage og .83cents per share. i'm not seeing any activity to confirm sell. form 4 need to be filed to sec within 28hr of sale or purchase. can someone shed some light on this ?
did anyone else read it as thought TEVA was going to develope 25 new drug therapies for ALXA inhaler platform ? or was that just wishful thinking on my part. thansk
really got upside down here with a sizeable amount of shares. i want to hold on. but, not sure where the bottom is. its feeling like the shorts own this thing. thinking about exiting yet my better sense is telling me to wait it out.
they probably bonusued themselved millions of the 40mm while shareholders are getting murdered.
we've already had some major catalysts.... Options expiration ? i don't think so volume is light. i just don't get it. unless the warrants issue is just to much overhead supply. shorts have to believe we're near a bottom. too many other great short opps in the market. after 20 yrs of trading / investing. i'm dumbfounded here and super disapointed. patience is running thin...