Viropro, Inc. (VPRO)

[kingfisher1964]

STRONG RUMOUR is on the air, I was with one my friends who mostly trades in biotech stock he is close to a market maker who informed him that that a decent accumulation is on at the levels of .03 to .04 in this counter and the news might be that since this company is holding patents in biosimilar manufacturing either a complete buy out or buying out the stake of the majority share holder at 10 cents is possibly on the cards.

He says the stock has traded almost 150 mio shares in the last 3 weeks that shows most of the public float is getting locked up and once the MMs fill up their inventories once such news comes out they will take this to the earlier peak of .20.

Off course I cannot validate what my friend says nor can I believe in the story of the MM, but looking at the past trend I can surely say that I have watched the moment the stock tries to go below .03 levels either CSTI or INTL come for buying.
Further I looked at the old history this company surely has patents and the labs to manufacture the drugs and no wonder spectrum when signed the multimillion dollar deal they might have done the due diligence.

In any case looking at the trading patterns since all of us have entered above levels of .06 I am sure no one will sell below that levels the more we go on averaging the more the float is getting locked and this the MMs know so I feel a monster run is possibly coming?