Unexpected news can come at any time and burn you. If you play with fire, you could get incinerated. Be very afraid!.
Does any one remember KBIO?. The shorts got slaughtered there. I believe one of them even set up a go fund acct. It is a volatile situation at this moment and anything can happen.So be very careful. This could turn on a dime. Don't go to a Maserati dealer yet, because you could end up buying a nice pristine used yugo( Do they even exist ,LOL) or a bicycle.
that they have negotiated a plan with their creditors?. At $1.50, or is that too low?.I believe it took KBIO to go from 1.43 to 45( i think) in a couple of days. If that scenario happens shorts, do you have enough doe to keep your house?.
Massage therapy with happy ending?. Liar.
My memory must be flawed here, because as far as I remember, the stock was in the doldrums and once he announced that he was taking a large stake in it ,it spiked. I did not think there was reverse split. Infact I remember watching CNBC where they were negative about KBIOQ and commented that the spike had no merit. AQXP is another stock that spiked up to 55 from 1.38(although not bankruptcy), i believe Baker Bros had taken a stake in it.
Just saying that you never know how a stock will react on news.
I was trying to think what it was. I think you are right ,although no r/s, but once he took a large stake in it, his portion was locked out, so there were far fewer shares to trade
This company is mum, tells me they are working on something. This company could drop a bombshell anytime and if positive, the shorts are fried, and the stock could spike big.