Michael and other shorts. Get a grip. Good cop bad cop day. Issue really good news and then temper it with a small loan default that the can easily repay and why wouldn't they if they didn't want their potential buyer to get the best price. Another one million shares accumulated today. The volume should tell you something - unprecedented in the last couple of weeks. Someone is very interested in a buyout - not at a price I would like but much higher than at the moment. Have been in this for over 3 years and they need money and they will get it.
Yesterday was MM razzle dazzle that allows shorty to gut the pps any time it pleases them. It's a complicated scam but a "legal" scam nonetheless. The shorts use the Market Maker's EXEMPTION from having to locate shortable shares. They use a complicated strategy involving options and short sales of invisible shares. The net result is severe downward pressure on the pps in an area still blessed by the SEC. The vast number of unwashed retail players are PROHIBITED from the game. The only "good news" is that it only buys some time for the shorts to recover some of their losses, then regroup. The transaction involves some costs but...what the hell!! They make so much money on the shorting opp that they can MORE than cover the expense. It's the Wall Street Way!! Right??!! "Greed Is Good"
Like I said yesterday, great news out this morning.
TROV Total Sleeper Stock!
Good News Continues...
I don't see it yet. This one looks a bit scary. Who can convince me?
Triple average volume? Hmmmmm ...
Looks like the MM's want this at $1 today. Almost funny to watch the manipulation.
From the 8-K filing of June 23:
On June 20, 2017, Trovagene, Inc. (the “Company”) received a Notice of Event of Default (the “Equipment Notice”) from Silicon Valley Bank (“SVB”) with respect to that certain Loan and Security Agreement in the aggregate principal amount of $1.4 million dated as of November 17, 2015 (as amended, restated, supplemented or otherwise modified from time to time, the “Equipment Loan Agreement”), between SVB and the Company. The Equipment Notice stated that Events of Default had occurred and are continuing under Sections 8.2(a) (Covenant Defaults) (as a result of violations of Section 7.1 and 7.2), Section 8.3 (Material Adverse Change), Section 8.6 (Other Agreements) and Section 8.8 (Misrepresentations) of the Equipment Loan Agreement. The Equipment Loan Agreement is substantially similar to the Loan Agreement by and among Oxford Finance LLC, SVB and the Company which also was the subject of a Notice of Event of Default on June 1, 2017 and was disclosed on Form 8-K dated June 7, 2017. Both Notices of Event of Default are substantially similar, except that the Equipment Notice further stated that “SVB intends to monitor the default situation very carefully and will decide in their sole discretion on a “day-by-day” basis whether or not to exercise rights and remedies.”
Still over a million shares traded. must be something to it. HMMM!
Hey J...were all those 23 (total) shares/trade AH yours on Friday PM? You sure can move markets. Amazing what you can do when you save all that paper route money. I'm impressed, btw.
After hours headfake down suggests a slow start but more accumulation in late of the day,
How can such little volume after hours impact the stock price so much?
Another headfake default notice. Don't let them scare you out of your shares.