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A/S maxed, painful question, will there be a reverse split?
I am a shareholder of this for nearly 9 years.
OT: Regarding MLXO, if anyone thinks that shorting penny stocks, pink or otc, under 5 bucks can't be done, I beg to differ, here is a link OF AN SEC FILING, and read the 4th paragraph of on ongoing issue.
Bad guys shorted couple hundred million shares of this one when the DTCC only had 645,000 shares in inventory.
Energy Source/Inc · 8-K · For 3/2/06
Filed On 3/3/06 3:44pm ET · SEC File 0-25261 · Accession Number 1172665-6-72
http://www.secinfo.com/d13P5m.v27.htm?vm=r&vm=r
BCIT was a penny stock abused by JH Darbie, per the courts.
Snip >>> In conjunction with the Civil Litigation, the Registrant reached an
agreement with JH Darbie & Co., whereby the Company delivered 25,075,000 common
stock shares to JH Darbie & Co. to be held pending settlement or conclusion of
the Civil Litigation. These shares were delivered to JH Darbie & Co. to satisfy
the requirements of Depository Trust Company ("DTC") until common stock shares
eligible to be resold without restriction could be delivered by JH Darbie & Co.
to cover its short position in the Company's common stock. Furthermore, JH
Darbie & Co. placed in trust $72,500 to be used to pay the costs of registering
the 25,075,000 common stock shares under the Securities Act of 1933, as amended
(the "Securities Act"), and the applicable state securities laws in the event
that registration was required.
?
Settlement Agreement:
http://search.yahoo.com/search;_ylt=An2M.qYNn40anbvzOxIsYf2iuYdG;_ylu=X3oDMTBkZ3F2ODY0BHNlYwNVSCBTZWFyY2g-;_ylg=X3oDMTFpNzk0NjhtBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25z;_ylv=3?p=jh+darbie+short+25%2C000%2C000+bancorp&fr=ush1-finance
Disagree, elcheapo is a hedge fund shorter, probably works for
JH Darbie brokerage firm.
good luck
just my honest opinion
What if ARNA gets up to and closes at $8.99 ???
This is going to be a similiar statement soon, BCIT shorts will fry
http://www.cnbc.com/id/48653845
"The country still has a ban on naked short selling of stocks and sovereign debt adopted in May 2010. Naked short selling occurs when traders sell securities without owning them in the first place. "
http://www.businessweek.com/news/2012-07-23/spain-italy-ban-short-selling-of-stocks-to-slow-market-turmoil?vm=r&vm=r
Bloomberg News
Spain, Italy Ban Short Selling to Slow Turmoil
By Alexis Xydias and Jim Brunsden on July 23, 2012
BCIT is victim to abusive naked shorting.
Arena expects that Swissmedic will accept the filing later this month and confirm the filing is sufficiently complete to permit a substantive review process.
"This submission reflects our continued efforts to make lorcaserin available to physicians and patients beyond the United States," said Jack Lief, Arena's President and Chief Executive Officer. "We look forward to Swissmedic's review of our application and to the potential approval of lorcaserin in Switzerland for patients who are obese or overweight with comorbidities."
As part of the Swiss MAA, Arena submitted data from its three double-blind, randomized, placebo-controlled clinical trials, which demonstrated that lorcaserin along with diet and exercise was more effective than diet and exercise alone at helping patients lose 5% or more of their body weight after one year and managing the weight loss for up to two years. In these trials, the most common adverse reactions for patients without diabetes treated with lorcaserin were headache, dizziness, fatigue, nausea, dry mouth, and constipation. In patients with diabetes, the most common adverse reactions were hypoglycemia, headache, back pain, cough, and fatigue.
The MAA filing in Switzerland is the third marketing application submitted to date for lorcaserin. Lorcaserin was approved by the US Food and Drug Administration (FDA) under the trade name BELVIQ in June 2012, and is currently under review with the European Medicines Agency (EMA). Switzerland is not part of the EMA and requires an independent application and approval from Swissmedic.
They say the hedge funds get material information Hours before the public
VVUS, simple, gap to fill in the charts. eom
ARNA, switz approval end of month or less, bull, what are you saying, I absolutely don't get what you are saying, to me it makes no sense.
I don't see ARNA getting a bear raid on Monday, however, I do see
VVUS getting one, look at the chart on VVUS, it has a huge gap to fill, not that a bear raid will fill it, but huge gap at $9's
ARNA is already FDA approved and has strong support.
The last bear raid on ARNA was done in After hour markets and pre markets, the cheezy way the HF bear raided it.
I'll be watching at 7:00am tomorrow morning to see what the institutional trading does on both prior to 8:00am pre market.
Your story, you tell it, how many BCIT naked shorts are in inventory out there, janice shell?
According to your books?
Prove yourself, what other stocks are you naked shorting
We know there is a 2 bil naked short in BCIT,
thing is
Guess who
Scarry stuff for the VVUS longs eom
In the United States of America,, or outside the USA, are you doing the naked short selling, you tell me
Who in the United states of America can naked short as you speak, a company like BCIT?
3 Questions jb1967lbk, you seem to be adamant on thoughts
Can you as an individual, whoever you are, naked short any stock, on any exchange, whenever you choose, that you have been basing your arguement on?
and/Or
Are you a representive of a company like JH Darbie that you are paid to trade, long, short, or even Naked Short?
and/or
Are you representing yourself saying naking shorting is NOT Illegal because you are Not in the United States of America and you are Not affilited with a brokerage or licensed by any brokerage, whether in the USA or outside the USA?
What happens when ARNA gets Switzerland approval, or even EU approval?
Switzerland rules approx two weeks after it was submitted,, I'sa thanking?
:) good luck
Explains why Jeffries calling $9's, let's see what Tuesday brings.
Looks like the shorts are realizing to cover and time is running out
I can't wait to see AH and pre market Monday morning.
Something good may have leaked out on ARNA, or the HF shorts are covering.
40 million shares to go up to 11.81, 1 million shares to manipulate it down in ah and pre market, alternate method of bear raid
Is cramer always bi polar, or was this one time deal?
What is your target price for entry?
Good eye for seeing thru a conman like him, you are most likely right that ARNA up to $12 was pinching his crew
In two days, he bi-polared
That dude is a market mover, but, nevertheless, ARNA is a 2 billion plus market waiting to be acquired, I lean towards bloomberg over cramer.
Like Cramer knows more than the FDA, wow, alternative form of bear market raid, it will come back like the rest of them.
May see that in AH tonight 12's 900k sh in last 7 minutes 4pm
and, it just might be on cramers homerun hitter show again
The big ARNA question to me is, how much is GSK or other big
pharmacutical giants going to gamble on buyout bid, they could offer now for such price,
but
if VVUS gets denied approval on Qnexa, then ARNA market cap jumps
from 2 billion to 4 billion and that is only going to cost
the big pharma company more money on a buyout price
so wouldn't it make sense to bid it now, and let that japan co
decide if they want to overbid it, in their stand still clause
prior to fda deciding on VVUS?
Cramer mentioned last night that it would be crazy if the
big phama's did not buy out ARNA with a 2 bil market
starts around the 1 minute area
http://video.cnbc.com/gallery/?video=3000101563&play=1
bluebird, anyone know what the buyins.net trigger price is for a Shorts squeeze is on ARNA,
if cramer mentions arna tonight, maybe we see the 13's tomorrow.
4 Billion market cap if Qnexa is not approved. eom
Cramers puts on a cool presentation on ARNA in that video, and says a pharmacuetical company would be nuts not to buy this one.
"Institution" Pre market 11.78 vol 33,225 fwiw
Maybe one of these mornings we just might gap over both,
who knows, but I's a holding now for the Bluesky.
gl
Yes, as long as the markets in general don't crash,
like last Friday, dow -200 naz -50 etc
If we can have a decent week in the general markets, imho, we'll have no problem tipping the 13.50 area
Then, it's BLUESKY
jmho, and gl
yep, it was posted few post back but here is the link
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=77307521
Nice Bloomberg article out yesterday on ARNA
that should put some nervousness on the 'shorts' plate.
Here is someones opinion on another thread re VVUS approval
Re: Monday is 8 days away from fda approval