The smart ones took early exit, the next phase will be massive short coverage. History of all massive short squeeze followed the same pattern. Go look up all the massive squeezes if you don't believe.
there is NO loyalty among thieves; out of the 112 million shares shorted, 10 million will be able to get out safely by buying mnkd offerings in August. Some will bail safely out under $10 and others will get jail rapped or end up filing BK or losing their jobs.
usually their subordinates relay code messages for them and they communicate through each other via codes on a daily basis.
sometimes these guys use their subordinates and family to relay infos for them, tap into their family and colleaques; they may be carrying intructions and notes for them. This is more challenging to catch.
these guys may also have ties to other BP trying to kill Afrezza. Funds fed by other BP into their accounts to short mnkd shares.
Monitor their phones and computer activities, from time to time they may contact each other for concerted effort in shorting mnkd shares. That is the reason why they have been successful because they churn shares among themselves. Give hints to security and exchanage when you file a complaint
put all my shares to sell in the 14-15 range, this way the shorts don't have access to them
scared retailers are helping their cause by selling.....sad, very sad how ones bought in 2-3 times as high and sold for a huge losses
big blocks are bidding now. Retailers usually don't have this kind of cash for bids
bloated value? for a potential block buster with revenue anywhere around $2-$20 billion/yr. Market cap of $5 billion was cheap. But for a flop any market cap is expensive. WE will see.
This is the very reason I stayed away from Biotech for many decades of tradings. Wow, the price is just insanely low. Some lucky investors who are buying at these levels will be very rich. I bought twice as high as here, can't afford more. Trying to get some more cash by selling other equities.