You are an idiot, Gordie. Once again resorting to insults when you are clearly outmatched intellectually. ;) Unfortunately, it does not take much.
If i was a flipper that have accumulated in the low 20s, i can place that block on the Ask at 24. If it sells I will make my flip. If in goes into the low 20s, I can accumulate more . So technically they are Phantom or Not. :)
It is possible that the news regarding Efficacy study is not good, hence we are beginning insider selling in the last few days. The ask is thin but any bid 23 cents and over is quickly smashed.
What a moron! if there is as much corruption in the FDA as you suggest, why do you invest in Biotech? You contradict yourself moron.
You are an idiot, just because it happens in some rare instances, does not mean it is rampant. Moron!
Insider trading on information is one thing but to say FDA taking bribes is another. Even if there were insider in FDA that was willing to take bribes to approve a product, Companies would be super stupid to pay that bribe. That company would be out of business if facts were revealed. People would go to jail. They would not only lose their company but their personal assets would be confiscated. Please stop with the stupidities. Insiders make money regardless of how a company is doing. If they know they won't be approved, they can short or get their families and friends to short. If they know they will be approved base on good clinical, they hoard shares. only stupid pumpers like you guys sit around with dumb paranoid theories to explain something you are clueless about.
All you idiots sit around and weave conspiracy theories on why PPS is 23 cents. The sad truth is that the public does not believe that Elite is Viable and that is why we are sitting at a fraction of " suspicious Valuation" worse case scenario. Yeah CEO claimed it was legitimate and was written by the best in the field.
" probably gave a nice under the table amount of money to some FDA guy and got ALO 02 approved but a lot of the same problems remain. " So FDA i was bribe into approving an inferior product that have known to cause deaths. Wow, your stupidity is getting more outrageous by the day. Moron!