"But do you really think we'd be down to $0.97 fro
Post# of 153887
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Posted On: 02/10/2020 12:51:25 PM
Re: Bored Lawyer #17668
"But do you really think we'd be down to $0.97 from a high of $1.65 if CYDY had announced the BLA was completely submitted on last Thursday's call??"
No, but I would have expected to have experienced the same short attack shortly after we went up if they had submitted the BLA. From what I've read, they were borrowing shares all week for the short attack, and they didn't know whether or not the BLA had been submitted prior to the call. If it had been submitted, it would have just given the shorts more runway to short a couple of days later. Either way, we were going to get the short attack. In my opinion, the gain that we'll see following the BLA submittal was probably saved by the delay, as crazy as this sounds.
No, but I would have expected to have experienced the same short attack shortly after we went up if they had submitted the BLA. From what I've read, they were borrowing shares all week for the short attack, and they didn't know whether or not the BLA had been submitted prior to the call. If it had been submitted, it would have just given the shorts more runway to short a couple of days later. Either way, we were going to get the short attack. In my opinion, the gain that we'll see following the BLA submittal was probably saved by the delay, as crazy as this sounds.
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My comments are just my opinions and should NOT be taken as investment advice.