Thanks for your comment. I checked with my broker and moved my shares from the margin type status (not bought on margin buying power) to the cash type side of the account so they are safe from the shorts. I will cancel my order on the shares held in the margin type account to sell at $7.50. I rarely borrow on margin because I don't want to pay 8% +/- interest on margin borrowing. I about ONVO in the margin account with cash on hand. Hope this helps. I just want to make sure I take my shares out of the reach of the shorts. These moves assure that I did. Thanks for your comment.
Before you all bash ONVO make sure you all listen to the last conference call. The Keith Murphy owns 6M shares, State Street, Vanguard and Black Rock owns 6M shares and the float is 72M shares so these four entities own about 17% of the shares outstanding. Keith provided an impressive presentation, came from Amgen and has amassed a company with of 70 employees and they are all directed toward moving their company to a higher level. Naysayers can say what they may, nothing is guaranteed, time will tell. The company has the ability to keep interested parties involved in backing the company. Surely Vanguard, State Street and Black Rock did their homework or would not put $25-$50 million into a company without some confidence that it was a good long term investment. The shorts, of course, must stir the pot to scam from small investors with weak hands, and it works. I have seen biotech companies run a deficient for years and eventually some do blossom. Time will tell. Don't forget you can put up your shares for sale at a much higher price ($7.50 or so is the max now) to take shares off the table from the shorts who want to borrow them to add to the overall short position. When something good happens you may get sold out at the higher price unless you cancel the order so don't forget to raise the price or cancel it if you want to hold on to the shares.