Interesting, there isn't a single trade for ARIA at $5.24 on the NASDAQ pre-market site. I guess you didn't want to make it too obvious that you were a liar and say you went short at the high, $5.25.
Hitting $5 triggered a huge sell signal. The stock seems to have settled out in the mid 4.90's. As soon as this gets through $5.00 there will be a huge run-up to $5.25-$5.50
Actually, he seems to be the only one (besides me) that understands what the MLV is. Everyone else on the board is confusing it with the shelf registration.
The Shelf Registration which was extended a few weeks ago and the MLV Agreement are completely separate issues.
OMER already has the ability to sell up to $49 million worth of stock at any time at "fair market prices" through the December 2012 MLV Agreement. Essentially, if they need cash they direct MLV to sell shares on the open market; MLV takes their 2%; OMER gets the rest. Through the quarter ended 6/30/13 OMER had NOT sold shares under this agreement.
They don't need to make any announcement (before or after) concerning selling shares under the MLV Agreement. Sales of shares under the MLV Agreement would be disclosed as part of 10-Q reports, with the next 10-Q coming out early next week.
And just to play devil's advocate. Any "massive secondary" at this point would be in the $11+ per share range, at a minimum. That would put a bottom on the share price and make your $7.50 prediction a complete fallacy.