Short sellers are covering their short without moving the shareprice. That's exactly what you would want to happen if you were a short.
Managements job is to also get the story across to analysts & institutional investors in addition to delivering on the science.
OMG, that is unreal. I can't believe they could file a Citizen's Petition after the court settlement. This company is cursed.
I agree, Adam Feuerstein already said he plans to write something tomorrow so expect an article from him & then a quick move lower.
I read his article. Pretty convincing argument against the technology. I just don't understand how they could even move it into Phase I if the data is so bad.
No, they will stop the slide by releasing a PR on a new patent, or the hiring of another VP, or an undisclosed product with an undisclosed timeline.
can below $50. Doesn't quite make sense to let it trade at these levels.
William Lis sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $27.32, for a total transaction of $546,400.00.
Generic could have gained approval.
Yesterday's announcement delayed the NDA filing by at least 9 months & probably closer to a year. In addition, management stated they are still working with the FDA to understand the requirements for filing so is this going to be the only road block.
The only question is when ATRS will raise additional funds. I wouldn't be surprised if the JPM bankers are working on that right now but it would have to be at a discount in this market.
Fund may be reducing their position prior to futility decision in Feb for Bextrixaban Phase III trial. If the decision is to stop the trial then PTLA will take a beating & if the recommendation is to continue the study to completion then PTLA should make a nice move higher.
I remember when Diamondcutter was pushing HERO around $5. He may need a new ID since he might not be able to afford diamonds any longer.
"No, I don't have a position in AIS.
by diamondcutter297 • Apr 24, 2014 3:42 PM
Sold remaining limit out 4.65. The two positions I have - majority of capital is allocated to VLO at 36 and change, and roughly 6 million shares of HERO below 4.50 in the past 45 days.
No intention of re-entering AIS anytime soon.