Why would you have to change your entire investment portfolio just to short an OTC stock? Just open an IB account and put $10k or whatever you can afford into shortselling INNV shares.
Isn't that "Put your money where your mouth is and short the stock" how you challenge people who predict AVEO would tank to pennies?
Besides, how did you conclude that Damaj ran the share price into the ground at APRI? He applied one R/S in June 2010 (about 7-8 months after he became CEO) in order to remain listed on the NASDAQ, because he took over a company in a heavy crisis when his tenure as CEO began in Dec. 2009.
The share price rose sharply in the months after his tenure began, then made a strong dip, but recovered nicely after the R/S and remained well above Damaj's entry level for quite a long time. He left APRI at around the same SP when he began, of course adjusted for R/S. The chart is pretty clear on that. And he grew the company to over $100M market cap.
Also worth mentioning , here is what a user from the APRI board said: "Regarding the 15:1 reverse split in mid-2010, in mid-2008 the FDA issued a not approvable letter for Vitaros. Short of cash the company sold the Vitaros US rights for a cheap song. By mid-2010 the company would have been delisted on the nasdaq unless it could get its pps up. Thus the reverse split. Approval of Vitaros by Health Canada didn't occur until November 2010."
The R/S was not a result of Damaj being a failure.
BE SPECIFIC if you want to make a strong case against Damaj. You always post the same vague, abstract sentences like e.g. 'this is where money dies', 'Damaj has a history of driving shares prices into the ground', 'his track record is irrefutable'.
Which decision he made at APRI do you criticize? And which events led to these decisions? What should he have done instead?
Let's bring this discussion to a more serious level.
