and where is all the money going?
Stock is dead because the street has seen this type of management before and it never ends well.
NOTHING will move this stock now except the removal of the CEO.
MASSIVE selling of shares from the ATM on any little share spike is the only explanation.
Celebrity CEO is a major fail and watches while the stock gets destroyed/shorted day after day.
He cares about his massive comp. package and nothing else....GREED!
Stock is doomed as long as he is allowed to remain in charge. FOLD needs an activist shareholder to go after and expose this guy.
Read the lawsuits.
Down to the lowest level of the year BUT the stock is still DOWN nearly 30% YTD.
7 million shares have covered since 3-15 yet the stock has gone down over that time period.
Get it yet?
Management has destroyed this stock and it will never recover as long as the celebrity CEO is still in charge.
because the inept, greedy management that helped create the massive short position that is destroying the stock are still in place and still doing damage year after year.
Replace the "celebrity" CEO (and his massive comp. package) and the shorts will begin to take notice and become fearful.
Until that happens, positive news, upgrades, buyout rumors, etc. will have no lasting effect on the stock.
so why should the shorts or anybody else?
Why keep issuing new shares at this level (resulting in huge dilution) when they have $170 million in cash and their first drug revenue only a few months away? Why not wait until the share price rebounds with good news and sell later thus minimizing shareholder dilution?
Why? Because this management is some of the absolute worst in the sector (and highest compensated) and do not care about shareholder value.
Just read the lawsuits already filed against them.
"Celebrity" CEO et al need to be replaced before this stock will ever regain the confidence of the street.
Maybe Citron can help....