It is pretty obvious now that shareholders are no longer fighting legit obstacles, even naked shorting is desirable to the current climate. These trades that go through are 100% counterfeit, fake stock IDs similar enough CUSIP. These only exist in the digital world, if you ask your broker for physical delivery you'll get a quote of $500+ just for delivery - this use to be free! 12-18 months from now there'll be a 5 million share trade after hours where the SEC is trying to reballance fake versus real. Oh, if only the investing world knew! Would they all stop trading?!? I've seen this happen dozens of times in the past couple of years. It pretty much clears up the question, why does the SEC do nothing about abusive trading practice - which are 100% theft, a felony!
He will be running for a higher political office soon, campaign paid for by his short selling buddies. I guarantee he will be running for Senate or governor soon.
His report is ridiculous, like he's whining about losing money on the stock. All his accusations are followed by him saying, oh...well...ITT complies with this law. I'm surprised he didn't say, we need to charge the law so ITT is no longer in compliance. His only attempt at declaring a victim, was to say the stock dropped significantly. Bond holders weren't defrauded, they got their money back when they requested.
Buy high, sell low! Great investment plan! Please put me on ignore, I've been following the company since July. My advice to anybody accept you is that there is no longer any short term catalyst to support a $1.5 billion dollar market valuation, so obviously the stock is going down in the near term.
Definitely not over, just suspended for inclement weather! The next 12 month chart should be identical to the past 12 months.
cool, I'm only offering my experience with newlink to those who care to understand the dynamics of the situation. On the bright side when the price does decrease those options (leaps) will get really cheap through out the rest of the year, but the market doesn't realize that PILLAR will now report before IMPRESS.
I'm targeting $15 on an overshoot, but it'll take 4 or more months to get there. They are better off than last year, with Roche and $200 million in the bank. The target would otherwise be mid-20's, but there plan to continue to build out manufacturing with kill them this year, spending $100 million between now and the end of the year will terrify the market. Plus, I expect an SEC investigation into the company deciding when to release material news, it is completely unacceptable for LINK to not immediately release this level of data!
5 of the last 6 months of 2014, LINK intentionally held news for weeks, "to be released the day after options expiration" Yes, the guy operates outside of what legal limits are, he believes he is god. But feel free to buy on the dip, I personally will only give Newlink a second look at a price in the mid to upper teens - 4 to 8 months from now.
At the very least Newlink should have reported the miss at 333 when it occurred and the possibility of new pass/fail requirement. Nope, instead they'be been trying to unload as many shares as possible before the SEC charges them with insider trading.
Should make $5.80 this time. Such obvious collusion, downgrades paid for by shorts to cover, expecting panic selling, no panic selling so market makers stuck with 5 million naked short shares.
They've held the 333 event and the fact that they missed for 6 months, so yeah, the company isn't bound by any SEC rules. Hence, their desire to get the SPA modified to use a different survival metric.