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I’m certain it’s a possibility. Some people will do anything to make money and this company has a history of suspicious activity related to it.
There hasn’t been any positive news in the past week to justify a stock price increase. On the contrary, the whole market is crashing. That suggests that someone purchased shares this week to prop up the price.
The biggest clue that this complaint is a scam is that many big shareholders haven’t been contacted. The bear claims she has a list of shareholders. So why haven’t many shareholders including me been contacted?
What is the address for this website? Finding the owner might also provide some clues about the people behind this.
WPD Pharmaceuticals’ Annamycin Received Positive Interim Results From Phase 1/2 Clinical Studies in Acute Myeloid Leukemia
seems like this news should have moved the stock price up today
https://www.globenewswire.com/news-release/2020/02/27/1991592/0/en/WPD-Pharmaceuticals-Annamycin-Received-Positive-Interim-Results-From-Phase-1-2-Clinical-Studies-in-Acute-Myeloid-Leukemia.html
They are tanking the stock.
Repeated delays usually mean bad news and they’re trying to figure out how to spin it.
Someone propped up the share price today.
Who’s on first
Thanks Locwolf. Good to see you back. I hope this lawsuit doesn’t derail things yet again.
I too get suspicious about motives whenever someone says not to pay attention to their motives.
I also find it hard to believe that a shareholder with over a million shares who proactively urged friends to purchase shares had no idea that the company hadn’t filed a 10k in years.
I find it curious that my investor group holds far more shares than Cindy does yet none of us has heard from her despite her claims to have contacted registered shareholders.
And finally I think it’s fishy that Cindy and Bill are asking for information regarding how the funds from the NEO settlement will be used when the company had already stated that they are using them to become current with filings. Ironically a good portion of the funds will now need to be allocated to defending this lawsuit. We’ve all waited a decade and now they can’t wait another 4 months?
This letter looks like a scam. But then again it wouldn’t be hdvy if we didn’t have more allegations, lawsuits, counter allegations and a mixed bag of other legal crap thrown into the picture.
So what about what?
I guess I jinxed it
I wonder if this is what’s driving the rally over the past week? Hopefully it stays on track in upward trend now.
Every time it makes any upward progress someone dumps shares
Looks good but we need more volume.
What’s interesting about it?
You make some good points. I sure hope it pays off.
Market makers
Probably people unloading at prices that are practically 0. They want to take the loss to balance out gains elsewhere. It’s smart.
Why would it be unlikely?
But what could be causing the extended delay if they truly have plans for the shell? Why wait 2 years and counting? They’ve wasted 2 years of potential profitability. It’s been dead money during 2 years of market growth.
Thanks. Those are very logical and valid points. My frustration is making me skeptical and suspicious. Hopefully we see some progress this year.
And yet they do nothing with this shell. Month after month after month it’s ‘any time now’.
We might be headed back up again. Hopefully profit taking is done for now.
Those other companies have nothing to do with this company.
That’s a good question. This company puts out loads of press releases about new potential benefits of the drug but almost no information regarding progress toward fda approvals. As the stock price is showing this strategy is beginning to fail.
Ok. Thanks for the information about really basic stuff.
Hello GColl. According to HDVY’s latest communication to shareholders they are working on becoming current with filings this year. It would be a huge milestone if they achieve this and would eliminate a major obstacle for more investors. More investors would likely have a positive impact on share price. Of course it would also bring the company in compliance with SEC rules.
The 25-30% estimate isn’t correct? What is your estimate?
87M common shares and 21M preferred shares. Apparently they own approx 25-30% of the company now. Is that correct? It’s difficult to estimate without knowing an updated figure for current shares outstanding.
This should all be revealed with updated filings promised later this year.
With total trades of $1.20 today? Not likely.
It’s been a great run since the split. It may have been the right decision after all.
Looks like some profit taking today which is not unexpected. Hopefully it gets back on the upswing soon.
There’s some good info on that site. A bit overwhelming at times especially during news or big price swings.
Back to triple 0’s
That’s a rally
I agree. It is most likely result of institutions buying in now that the price is above the minimum price where they are allowed to take a position. Many funds don’t allow purchase of penny stocks.
I don’t think there’s been any leaked info however it’s possible some potential investors told management that they would buy if the share price got above a certain level.
I’ve never held a stock that rose after a reverse split so this is new to me.
Have fun on the slopes.
This is the only case I’ve experienced, ever. It’s unfamiliar territory for me. I hope it means that institutions are taking a significant stake.
The timing is interesting. Tax loss selling is over so perhaps some investors who sold before end of 2019 are rethinking taking a position. They’ll have to wait the 30 day wash sale rule of course but it might help push the stock price up some more.
The pre-RS price target from a couple brokers was about $3.00. That means the adjusted price target is now $30.00. It sounds outrageously high but technically that’s the new target.
Another great year for rmtd
Maybe he meant a houseplant.
Yeah. Foolish.
Insolvent? At least the share price is moving in the right direction. Hopefully institutions are buying now.