Post by thechurchmaus on Nov 27, 2015 15:19:21 GMT
check out KBIO this morning.low 44 cents high 5$ now trading over 40 bucks.this could have been ocat.why was it not?
first i think there were very few legit shorts out there as the amount of shares available to borrow was very limited imop.they are now gradually covering and the reason for trading over the offer price.
the vast majority of shorts are naked.some people say its a multiple of our real float.no need to cover as they just go away with the merger.
soooo... what to do?every class action lawsuit should include a demand for an accounting of the shares out there.in fact it should be an action in itself as it will clearly show the absurdity of our buyout price.a pretty large amount of money could be recovered in damages as well.
first i think there were very few legit shorts out there as the amount of shares available to borrow was very limited imop.they are now gradually covering and the reason for trading over the offer price.
the vast majority of shorts are naked.some people say its a multiple of our real float.no need to cover as they just go away with the merger.
soooo... what to do?every class action lawsuit should include a demand for an accounting of the shares out there.in fact it should be an action in itself as it will clearly show the absurdity of our buyout price.a pretty large amount of money could be recovered in damages as well.