Is it a coincidence they are located "down the street" from Keryx new headquarters? Just a short walk to lunch with a company executive as early two years ago....Perfect information put 4 people in jail last month over at Ampio and this case is remarkably similar even with 1/3rd of the company sold short already. Baupost uses hedging strategies and does not announce short positions for these reasons.
They drove us down and they will drive us up... case history of Baupost ownership confirms this tactic..... this can all be done without notice on a 13f.... or a Schedule 13 filing.........you have confirmed your relative idiocy. There has been no other likely scenario offered to the board for 34 million shorts- on only good news from the company... no other scenario offered by you or anyone else.....ever.
Once again... you are an idiot.... they can use the money they were paid when they went short to later cover.... they make 175 million when they do so.... they took that money from us longs and they used the shares owned to protect themselves at our expense.
You are wrong......With perfect knowledge of our company by being brought over the wall.... Baupost had 25 million shares owned.... they limited their overall risk with share ownership while they shorted us down with the cabal from 15 to 8.... then they can cover before any stampede and not have much risk as they already owned the shares to cover so the unlimited risk of shorting was mitigated while they and the cabal made 7 bucks while shorting on 25 million shares which was 175 million in profits before a cover.
We did not have 34 million shorts before Baupost showed up.
Here is a case study where Baupost cut a company in half with ownership:
Published March 15 2015
Theravance a royalty management company that maximizes the potential value of the respiratory assets. Baupost disclosed a $280.40 million position in the company that contains 19.82 million shares. The stake was initiated during the first quarter of 08 and initially contained 5.33 million shares and was raised as Theravance Inc’s stock surged by over 130%. However, over the last year, the stock of the company fell by 32%, despite the company’s revenue growing to $8.0 million in 2014 from $5.0 million a year earlier and its net loss narrowing to $1.50 per share from $1.67. However, what’s more important is that last year Theravance completed the spin-off of Theravance Biopharma Inc in May. Theravance is also a biotech company that specializes in the development and sale of small molecule medicines. Its stock lost 17% since its IPO and the company widened its net loss to $7.46 in 2014, from $4.92 a year earlier, although its revenue surged to $11.69 billion from $226,000.
Keryx in which Baupost disclosed holding 18.30 million shares valued at $258.95 million. The stock inched up by 2% during 2014 and Mr. Klarman after initiating a stake with 6.31 million shares during the first quarter has been raising his exposure to the stock----- ever since Keryx has lost a third of it's value...these are facts!
This is what was done.... they have not yet covered, when they use the money they were originally paid when they went short...they cover... and they made 175 million of our dollars... and you know this.
They got paid the money when they went short.... they use that money to later to cover, the ownership of long shares was to reduce the unlimited risk of going short......Once again....they made 175 million.... and you know this.
I worked for 21 years in trade surveillance as a Registered Principal Series 24 Trading Supervisor..... I had six licenses before retiring......but then again you knew that already..... the people who will go to prison will also be familiar with my background if not already.
Oh....I'm still here loser.... just quietly updating weekly my claim of trading abuse with the SEC... my notes are quite detailed... these efforts have already led to four people being booked after arrests were made... that case took six months leading to arrests---- while we are just four months in here with my KERYX claim....
My trade data led them to the actual ECN account holders of malicious bid retraction schemes where the lawyers and FBI were able to track the communications and that trail led to the team uncovering the abuses that got 4 people arrested.... my abuse claim was separate from any other claims made by anyone else... but my data was key in recovering the actual fraud.... but then again you already knew that didn't you NoMerritt.
An example of this strategy would be if you expected your shares in XYZ to fall in value because a competitor just released a new and better product. Instead of selling your long position you could sell the stock short, with gains offsetting losses. While you wouldn't pay taxes on the sale of stock because you did not actually sell shares, you might have to pay taxes on the short sale if you entered into another hedging strategy within 60 days after you closed your previous short position.
They shorted the box in increments at timed rounds of manipulation....they have yet to cover the short.....when they do the difference is theirs not ours.