It's likely a combination of both. The theoretical
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Posted On: 10/24/2018 9:35:55 PM
It's likely a combination of both. The theoretical MFO shorting provides huge selling volume to let the legitimate shorters cover and even go long. Once it's down, the MFO can convert to a higher number of shares.
The MFO wins.
The old shorts win.
Longs eventually get a deal and win as well.
The MFO and old shorts win by skimming off the top of the potential. Perhaps in 2014 we had $100 potential. Now with dilution we have $60 potential. That $40 off the top went in the pockets of those who got cheap shares.
Everyone wins except those who sold for a loss, Ashcroft options (on Nov 6 if no deal by then), and the thousands who die to indications addressed by IPIX due to delayed drugs. And of course the old guys who lost a few years of party time due to the delay as well.
The price of progress. What a world!?!
The MFO wins.
The old shorts win.
Longs eventually get a deal and win as well.
The MFO and old shorts win by skimming off the top of the potential. Perhaps in 2014 we had $100 potential. Now with dilution we have $60 potential. That $40 off the top went in the pockets of those who got cheap shares.
Everyone wins except those who sold for a loss, Ashcroft options (on Nov 6 if no deal by then), and the thousands who die to indications addressed by IPIX due to delayed drugs. And of course the old guys who lost a few years of party time due to the delay as well.
The price of progress. What a world!?!
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(1)Innovation Pharmaceuticals Inc (IPIX) Stock Research Links
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