This is significant. Think of buying today as getting in a pre-IPO. When this takes off, it will be explosive. The mobile payment alone (if their patents are enforceable) makes this a major patent play. Look at the investment of the larger institutional funds. They believe that there's a future.
The negativity on this board is a good sign that there's opportunity here. This is totally in the hands of MM's. They will suck out every last share from those who have lost money. But, Biodel has a pipeline that will prove its worth. 2014 will look much better.
This is current as of report 10/7/2013.
September 27, 2013
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
[_] Rule 13d-1(b)
[X] Rule 13d-1(c)
[_] Rule 13d-1(d)
The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Broadfin Capital, LLC
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
SEC USE ONLY
CITIZENSHIP OR PLACE OF ORGANIZATION
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
SOLE VOTING POWER
SHARED VOTING POWER
SOLE DISPOSITIVE POWER
SHARED DISPOSITIVE POWER
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIE
Higher highs and higher lows. The shorts are stuck and can't cover without moving the price through the roof. The first one to jump will set up a short squeeze of significant volume. This will set off a positive cascade of events. Remember, the insiders have bought and locked up a considerable number of shares.
I say either SNTA is take private or bought out at $12+. Too many good news here for it to be kept down much longer.
Shorts, have a fun time covering up to $12 and beyond!