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Galena Biopharma, Inc. Message Board

fugitive6129 287 posts  |  Last Activity: 13 hours ago Member since: Mar 27, 2014
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  • Reply to

    Threshold Security List

    by fugitive6129 15 hours ago
    fugitive6129 fugitive6129 13 hours ago Flag

    Shares that can not be attained to settle in 3 days. If a market maker allows you to short but cant deliver in that time frame because shares are not available to be borrowed forces them to buy shares on the open market to complete the transaction. The SEC mandates this. Thoughts?

  • Reply to

    Threshold Security List

    by fugitive6129 15 hours ago
    fugitive6129 fugitive6129 14 hours ago Flag

    Market maker lets you short without owning any shares to lend. 3 days later he cant deliver the shorted shares. Spex is a low float stock with nobody selling right now. Ponzi casino, welcome to wall street!!!

  • Reply to

    Threshold Security List

    by fugitive6129 15 hours ago
    fugitive6129 fugitive6129 15 hours ago Flag

    At some point all the shorted shares will need to be bought. Price increase = short squeeze. Nasdaq will have the latest short volume on Sept 24. I expect a huge upswing from current levels. Something stinks to high heaven here.

  • Reply to

    Threshold Security List

    by fugitive6129 15 hours ago
    fugitive6129 fugitive6129 15 hours ago Flag

    Naked shorting creating fake shares that cant close out after 3 days. SEC is aware of this and makes it mandatory that market makers buy the shares on the open market if they cant deliver. Someone is shorting the sheet out of Spex. If no one is selling they cant obtain shares. Illegal

  • Subject to the requirements of SEC Rule 203 of Regulation SHO
    Where there is an aggregate fail to deliver position for five consecutive settlement days at a registered clearing agency totaling 10,000 shares or more and equal to at least 0.5% of the issuer’s total shares outstanding.

    When this occurs, the security becomes subject to mandatory close-out requirements outlined in the SEC's Regulation SHO.

  • U.S. SEP Litigation Strategy:
    • Patentee should:
    • Select patents that have real value
    • Consider filing in the ITC [International Trade Commission}
    • Conduct due diligence on SSO and FRAND issues
    • Assess infringement against the product—not just the standard
    • Build a credible damages model
    • Consider non‐litigation options

    • Implementer should
    • Assess traditional patent defenses of infringement and invalidity
    • Investigate patentee’s disclosure and FRAND obligations
    • Consider claims for patent misuse, antitrust violations, and breach of
    contract
    • Take discovery on inventor ship issues
    • Work on damages strategy from the outset
    • Consider non‐litigation options

    Settlement are a far better option for all involved. As it eliminated the unknown. IMO

    Sentiment: Strong Buy

  • fugitive6129 fugitive6129 Sep 17, 2014 7:29 PM Flag

    Creators of Spex patents are former Nortel employees and will be testifying at any trials. Great expert witnesses.

  • fugitive6129 fugitive6129 Sep 17, 2014 6:53 AM Flag

    Why it Matters:

    Naked shorting is an illegal practice largely prohibited by the SEC because it attempts to leverage units of a security which do not exist and places unfair downward pressure on market prices because it does not use actual supply in the market

    Sentiment: Strong Buy

  • Are defendants attempting to punish Spex for lawsuits? 2 weeks before Markman hearings and other possible positive catalyst. Hayes needs to speak up and soon.

    Sentiment: Strong Buy

  • Defendants? Management?
    Naked short selling or naked shorting is an illegal stock trading practice, in which investors sell a particular stock which they do not possess and can not borrow. In capital markets, this practice is called Fail to Deliver (FTD), since the seller fails to deliver the shares to the buyer. In ordinary short selling, an investor borrows shares, which he believes overvalued, and then sells in open market. If you do so, you may make profits by buying the same shares once the share price declines after sometime. Normally, overvalued stocks fall and recover after some time. In a naked short selling, the sellers do not borrow stocks and do not intend to borrow the shares to make the delivery within the required three-days time period. The sellers fail to deliver the particular stock which they are supposed to deliver, resulting in 'failure to deliver.' It is widely believed that some professional investors and hedge funds are involved in naked short selling by using loop holes in the stock trading system.

    How does Naked Short Selling work?

    In a naked short selling, the sale is processed without the possession of the stock by the seller. Although naked short selling is illegal, it is legal under certain circumstances. For example, if you are a market maker who needs to provide shares for a stock which has limited liquidity, naked short selling becomes legal. This 'fail to deliver' system can create widespread deterioration in micro-cap stocks. The investors with short positions may pick on small emerging companies and cause their stocks to plummet. This would also induce investors with long positions in micro-cap stocks to abandon their positions. However, some on Wall Street believe that naked short selling is promoted by the owners of small public companies in order to divert investor attention from corporate issues and regulatory problems surrounding them.

    Naked short selling may have a negative effect on the entire stock market, since the fraudulent investors can use naked short selling as an instrument to manipulate the market. Many of these illegal trades go unpunished, since only those investment companies, which are the members of the NASD are required to comply with delivery rules.

  • Reply to

    SPEX Short info

    by strangebru49 Sep 16, 2014 4:40 PM
    fugitive6129 fugitive6129 Sep 16, 2014 5:17 PM Flag

    INVESTOPEDIA EXPLAINS 'THRESHOLD LIST'
    A security will make the threshold list if it meets the following criteria over five consecutive settlement days:
    1) The total number of fails to deliver exceed 10,000 shares,
    2) The total number of shares that have failed to deliver exceed 0.5% of the outstanding shares and
    3) The security is listed on a similar list by a self-regulatory organization.

    Once a company is added to the list it remains there until the 'fails' fall beneath the benchmark standards for five consecutive trading days. Many stocks that have allegedly seen naked short selling will end up on this list.

    Sentiment: Strong Buy

  • Reply to

    no filings indicate that SPEX is diluting

    by davidjames1901 Sep 16, 2014 3:17 PM
    fugitive6129 fugitive6129 Sep 16, 2014 3:49 PM Flag

    S3/A on 9/15/14. Why was that needed on top of the S3 on 8/29/14. Knowledge is power, just trying to figure this price decline out.

    Sentiment: Strong Buy

  • Reply to

    no filings indicate that SPEX is diluting

    by davidjames1901 Sep 16, 2014 3:17 PM
    fugitive6129 fugitive6129 Sep 16, 2014 3:29 PM Flag

    Just trying to get a grasp of the SEC S3 on 8/29/14 and the S3/A on 9/15/14. Does this just mean intent to raise 10 million at a later date or are they doing it now with the details to follow as to amount of shares and price at which it sold? This is a shelf offering of an existing offer that raised 20 million earlier this year. They can only raise the remaining 10 million, At this price that's about 10 million more shares in the pool. Not my full time job so still learning here.

    Sentiment: Strong Buy

  • Reply to

    Who is selling at these levels

    by cravi109 Sep 16, 2014 2:52 PM
    fugitive6129 fugitive6129 Sep 16, 2014 3:08 PM Flag

    According to Short Analytics %short over the last 5 trading days is an average of 30% short of stated volume. Not many stops taken out under $1 as it bounced almost immediately. No money to be made by shorts down here so I don't think that's the issue. If Spex is dumping shares at this level they are very desperate. They did just file an S3/A yesterday and the 8k to 20k blocks of shares are plentiful over the last few days. I am long but this does suck.

    Sentiment: Strong Buy

  • Reply to

    hello CEO for spex

    by asser_al7ob1111 Sep 16, 2014 6:39 AM
    fugitive6129 fugitive6129 Sep 16, 2014 7:46 AM Flag

    Bring your camel for good luck Sinbad.

    Sentiment: Strong Buy

  • Reply to

    After Hours

    by gregory1723 Sep 15, 2014 8:32 PM
    fugitive6129 fugitive6129 Sep 15, 2014 9:25 PM Flag

    Its down on 10k shares. Meaningless. If I sold my shares after hours {10k} this would be the same case. I know nothing more than any retail investor. Spex filled S3/A tonight after hours. It can been seen on Nasdaq website. That might have something to do with it.

    Sentiment: Strong Buy

  • Reply to

    DEAR ANTHONY HAYES...

    by celltechsport Sep 15, 2014 4:05 PM
    fugitive6129 fugitive6129 Sep 15, 2014 9:12 PM Flag

    From Charters claim back in January.

    Charter goes on to say that "Rockstar, for itself and on behalf of Rockstar, Constellation, and Spherix, has nevertheless, refused to enter into negotiations with Plaintiffs or their vendors with respect to such patents unless Plaintiffs execute non-disclosure agreements that are designed to defeat Defendants' obligations to license these patents on fair, reasonable and non-discriminatory terms."
    Non- disclosure agreements are something Spherix will demand of all defendants.

    Sentiment: Strong Buy

  • Reply to

    DEAR ANTHONY HAYES...

    by celltechsport Sep 15, 2014 4:05 PM
    fugitive6129 fugitive6129 Sep 15, 2014 6:28 PM Flag

    Yes, so that T-Mobile would be clueless like you and not have any information. The court documents tell the story on AT#$%$ a slam dunk win for Spex. A settlement win for the prosecution. The clock is ticking for the explosion upwards. I can wait. You should cover your short soon fool.

    Sentiment: Strong Buy

  • fugitive6129 fugitive6129 Sep 15, 2014 5:59 PM Flag

    Not sure, it looks like Charter felt strongly enough about its claims against Rockstar to continue after more or less releasing Spherix. Being able to look at these cases documents as filed is helpful but doesn't tell the full story. We need that from management. Have they even started negotiations with Charter?

    Sentiment: Strong Buy

  • fugitive6129 fugitive6129 Sep 15, 2014 5:46 PM Flag

    [PROPOSED] ORDER OF DISMISSAL OF PLAINTIFFS’
    CLAIMS AGAINST SPHERIX INC. WITHOUT PREJUDICE
    Presently before the Court is the parties’ Joint Motion for Entry of an Order of
    Dismissal of Plaintiffs’ Claims Against Spherix Inc. Without Prejudice. For good cause shown
    the Joint Motion is GRANTED. For clarity, “Plaintiffs” in the below refers to the Plaintiffs in
    this action, which are Charter Communications, Inc., Wideopenwest Finance LLC a/k/a Wow!
    Internet, Cable & Phone, Knology, Inc., Cequel Communications, LLC, d/b/a Suddenlink
    Communications, and Cable One, Inc. Accordingly, pursuant to the parties’ stipulation, IT IS
    ORDERED THAT:
    1. Plaintiffs’ allegations against Spherix Inc. in this action are dismissed
    without prejudice, with each party to bear its own costs.
    2. Prior to bringing an action for infringement of any patent assigned to
    Spherix as of June 5, 2014 against one or more of Plaintiffs, Spherix shall initiate good-faith
    2
    negotiations with those Plaintiff(s). Each party can commence an action in Delaware (and only
    Delaware) concerning any such patent 90 days after the initiation of such good-faith
    negotiations. The 90-day period may be extended by agreement of all parties to such
    negotiations.
    3. Prior to bringing an action concerning any patent assigned to Spherix as of
    June 5, 2014 against Spherix, Plaintiff(s) shall initiate good-faith negotiations with Spherix.
    Each party can commence an action in Delaware (and only Delaware) concerning any such
    patent 90 days after the initiation of such good-faith negotiations. The 90-day period may be
    extended by agreement of all parties to such negotiations.
    4. For the avoidance of doubt, Spherix and the Plaintiffs have agreed to bring
    any lawsuit against each other that concerns any patent assigned to Spherix as of June 5, 2014
    only in the United States District Court for the District of Delaware.
    5. The Parties consent to the enforcement of this order by preliminary and
    permanent injunctive relief should its

    Sentiment: Strong Buy

GALE
2.190.00(0.00%)Sep 19 3:59 PMEDT

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