The KBIO squeeze is inspiring but short of a private company acquiring MDXG probably can't happen given the large float. It is an awesome spectacle to see the naked short squeezed again and again as the borrow is pulled from beneath their feet. Trading in the $40's this afternoon. How are those Ferragamo's doing boys???
Maybe but I think his tilt would be toward not splitting hairs on the 'material' part given the SEC witch hunt in the past. Either way we can both completely agree he has enough stock!!!
how--if a company officer is in possession of material information that is not in the public domain they can not buy their stock. How nutty would it be otherwise: let's say a big company is buying a little company. Can the big co CEO buy his own stock? Can he buy the little stock (poised to pop if public?)? Same answer for both: He can't buy either.
This was out before the close and is already digested so there will be no pop tomorrow. Unfortunately this something that will create 'uncertainty' for the stock when no uncertainty is warranted. There is no gray here, just government gobbley#$%$ that creates confusion. Thousands of people monthly would go blind if those grafts were ever pulled [ trust me on that ;) ]. Amputations too. FDA has no interest in that. As I said before, the operative word is 'should' and that's what the company has done and will stick too. This is indeed a fire sale and revenues, guidance, etc will prove that. HOWEVER, that being said, I would love a BLA to allow explicit labelling.
Finally a well composed, concise non defensive press release issued last evening. As I mentioned earlier, the operative word in the guidance is 'should'. It will take a while for the market to grasp this but today's release will help that process. Nothing has changed.
google 'fda recently issued guidance documents' it will be the most recent document. The key word is 'should' I don't think this is relevant to its core business but certainly could impact the injectable in my opinion.
Glassman: incorrect on the short thesis. The worm will turn, but the last 2 days were (overall) quite legit by my count. CEO should be more conservative and start beating his numbers, not meeting them. Just MHO.
What has happened to this board. So many new bashers/posters I can't keep track. Always a good sign. Looking forward to the next webcast and more.
Excellent stuff home! Stock is stable and my bet is shorty continues to exit, albeit slowly, on the market weakness. Shorts are smart and realize the end game.