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MAXM bidding 1.35 cents... see if he buys for first time .. all he has done to date is sell, sell, sell... maybe this is just for appearances? or to show target price he wants at close?
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Will SEC and/or FINRA stop the naked short selling?
This criminal activity needs to be stopped, reported. I have filed complaints, others have, please keep the complaints going in.. Hopefully this illegal bear run will be put to an end soon and investors will be able to trade stock without the constant push down in price led by MAXM. Be nice to see a cessation of the naked shorting that is going on here.
Has RCPI updated outstanding share count? No SEC filings since May 16th. Do they have responsiblity to do so? If they issued or plan to issue shares to Maxim and/or convertible noteholders, wouldn't this create insider trading opportunity for Maxim and.or convertible noteholders if this is not made public?
How obvious does MAXM, CDEL and NITE need to be naked shorting price of stock down, with volume so high last two days before someone from SEC or FINRA says enough is enough, produce the shares?
Last two days have seen volume hit 51 million yesterday and with 39.44 million with 52 minutes to go, should be well over 40 million today... officially there are about 15 million shares outstanding with google saying 24.22 million, and most sites not showing more than 25 million shares outstanding. How can naked short selling not be taking place?
And better yet, why has this not been stopped by authorities yet?
My response from filing of complaint with SEC. Any good questions to ask?
Dear Mr. XXXXXXX:
Thank you for contacting the U.S. Securities and Exchange Commission (SEC).
We appreciate your informing us of your concerns regarding Rock Creek Pharmaceuticals, Maxim Group, Citadel Securities, Knight Capital, Hudson Bay Capital Management and Aldi. The Office of Investor Education and Advocacy (OIEA) processes many complaints received from individual investors and others. We keep records of the correspondence we receive in a searchable database that SEC staff may make use of in inspections, examinations, and investigations. In addition, some correspondence received by OIEA is referred directly to other SEC offices and divisions for their review. If they have any questions or wish to respond directly to your comments, they will contact you.
The SEC conducts its investigations on a confidential and nonpublic basis and neither confirms nor denies the existence of an investigation unless the SEC brings charges against someone involved. We do this to protect the integrity and effectiveness of our investigative process and to preserve the privacy of the individuals and entities involved. As a result, we will be unable to confirm whether an investigation exists or provide you with any updates on the status of your complaint or of any pending SEC investigation. Information on our policy is enclosed. You may wish to check our website, www.sec.gov, for information about pending SEC civil actions, administrative cases, and other matters.
If you have any questions, please contact me.
Sincerely,
David Cohen
Attorney
Office of Investor Education and Advocacy
U.S. Securities and Exchange Commission
(800) 732-0330
Double bottom now in at .0122 and now .0123... RCPI stock is ready to rally off of the double bottom in price and rsi is moving up from here imo.
MAXM drove price down from 2.6 cents to 1.23 cents this morning. Not anyone's fault when there is a crooked broker dealer naked selling the heck out of the stock and joined by others that are doing the same.
Buying time, up we go!!
I think stock price doubles from here by early next week if SEC and FINRA stop MAXM from naked shorting and otherwise manipulating price downwards.
Pure short selling manipulation lead by MAXM. The MAXM trader is all about getting lowest price of the stock he can and will work the charts accordingly... right now he is still working declining tops line from high of 2.6 cents yesterday that should hit 1.4 cents at sometime between 1 and about five minutes after 1 pm EST. MAXM was at the ask at 2.6, then 2.5, then this morning at 2.05 and at .017, and so on down to being at the ask of .014 together with his often for this stock partner in crime CDEL right now just a few minutes before the line hits at 12:55 pm. He likes to sell and hit bids on rcpi early in the afternoon, but today.. he has been at it all day.
MAXM played key part.. holding ask down low... and hitting some key bids near and below support... and he had ask down about as low as anyone near low for day so far.
He either has unlimited shares or... he is naked shorting the heck out of the stock.. and no consequences... he gets others like CDEL to join him .. and then there are always the others in the short herd to join... might have double bottom in.. that is about only positive in this.. lost a lot myself and wonder where are the SEC and FINRA?
If maxm is as bad as we think he won't resist opportunity to sell it down again soon based on very short term chart, if he can break .0167... could drive down again.
Maybe we shouldn't buy until just before the close?
Also, in looking at charts... maxm gets grumpy after lunch on east coast.. seems to like to sell it down early afternoon.. usually done selling by about 2 pm.
MAXM relentlessly keeps price down. Why, what are his motivations? He never buys, but sells, sells, and sells.
We have reported, what will SEC and FINRA do? What if Mullan and RCPI management are complicit in some way? Can shareholders sue to obtain IP, and leave corrupt lenders and company management with nothing. 44 million and barely up... something stinks to high heaven here.
Time to get shorty (MAXM, noteholders and others)
The shorts sure put a lot of energy to killing rally... what is the motivation? Where are they getting the shares? Come on SEC, FINRA, stop the shorting .. naked shorting.. that sure appears to be going on here.
MAXM never misses opportunity to drive price down... he hit the minute chart rising bottom.. and broke it by about two tenths of a cent in a few minutes time... he needs to be reported.. and when he is the low ask, hit his ask.. until he is out, stopped.. sued.. you name it.. I will provide the tar and feathers if needed.
Come on SEC and FINRA stop MAXM from selling shares he and his clients do not own, make him prove he or clients have owned the shares he is selling and please require he deliver the shares.
insert-text-here
Maxm keeps trying to kill rally... some days he is successful and very few days like today so far his is not , he has been almost singly responsible for price move down from 53 cents to .024 or so where share price is today.. yet he keeps makings attempt to kill the price per share.. has moved ask down from .026 to .025 and back to .0253 and since joined.. he sits back waiting for an opportune time to kill the price per share... how does he make money doing this.. as general rule he never buys. and when he wants to drive price down I think he hits some bids along the say..I am thinking... when will his illegal, unethical and downright dirty short selling activity be put to an end and while he steps in and others follow on sell side.. he does not hang in there to sell much before moving ask out of the way.. he reminds me of some sports player who will start fight going with other team and if you watch carefully he is quick to run away from the action. In short he is a cowardly bully with a long and deep yellow streak... if ever there was a short seller worthy of prison MAXM and his clients who are selling are worthy. One of these days God's gonna cut them down (Johnny Cash song)
MAXM still selling short all the way up... phantom shares.. he and his clients do now own, he needs to be busted. Wait until SEC or FINRA discover how many shares MAXM, Hudson Bay Capital and Aldi are short... and if they have to cover... which i hope they are forced to, then we see what happens.. these fractions of cents are peanuts, Maxim and his group have driven price down from 53 cents to where we are now around 2 and a half cents... he needs to make good on all those shares he is short.. hope SEC forces him to deliver.
If Maxim or Hudson Bay or Aldi are short as it appears, how can someone force them to deliver shares?
It is great to see someone start to bid just below maxim.. kind of turnabout is fair play and good way to let him exhaust himself.
Edf, unless you have heard differently, and co and ir firm seem against putting anything in writing... per company, they are not using shares to make payments of principal and interest, but may be in negotiations. If this is true, then Maxim, acting on behalf of convertible note holders and itself has clearly pre sold the shares before they are issued to them and this is short selling which is a clear violation of funding agreement.
Maxim, Hudson Bay, Aldi, in scheme probably involving CDEL and others are cheating.. they are breaking securities laws and that is why the price is down so low. Together as a group they appear to have shorted far more shares than the company has outstanding. While individual investors are limited to maybe buying around a million shares.. maybe a little more without having to file sec 13ds, the cheating done by Maxim most probably acting on behalf of itself and the convertible bond holders are breaching their funding agreement and contract.
RCPI has not bounced yet and would if not for stock price manipulation with what appears to be unlimited shares for sale by Maxm joined by CDEL and NITE. EdF, the story hear is stock price manipulation... and when the SEC and FINRA see what is taking place, where shares available to sell led by Maxim are far greater than should be available.. then they must conclude that naked shorting is taking place and when they shut it down, the stock really should bounce. Any other stock based upon the technicals and percentage of outstanding stock buying interest would have rallied big time ..
Edit: I have written the board of directors of RCPI and Ted Jenkins to let them know I am concerned about what is going on, especially stock manipulation by group led by Maxim that has resulted in price of stock plunging from 53 cents on March 8th to around 2 cents today. I have also filed complaints to the SEC and FINRA. My complaint filed with the SEC was addressed at the company as well as Maxim, Hudson Bay Capital and Aldi. The deal merited and never received shareholder approval. Mullan never sought or received approval of shareholders for deal as required by various standards, such as Nasdaq at time of both June and October agreements, it appears by-laws of company require shareholder approval and Mullan has fiduciary responsibility to shareholders that requires he submit such funding and obtain shareholder approval. This is a rogue deal and Maxim, Hudson Bay Capital and Aldi have breached it by shorting the heck out of the shares of the company clearly in violation of the bad, deal.
MAXM and CDEL driving down price again!
Small fine not enough, these rogue market makers needs to be shut down. Hopefully SEC and FINRA will crack down on these guys!
Thanks 514 for all your posts! With many getting complaints in to SEC and FINRA, and chart setting up nicely, maybe, just maybe MAXM, CDEL, Hudson Bay Capital and Aldi will have to let the price of stock run or risk getting in deeper trouble. Hopefully RCPI management will not unjustly enrich these guys by issuing them stock based upon funding agreement that MAXM, Hudson Bay Capital, Aldi and maybe other market makers like CDEL have so clearly breached with short selling stock down so far and so fast.
Someone did not want clean close above 1.8 cents... they hit the bid after close... at .0165 and .0166 for 85,000 shares total. Thinking Maxm might have sold to himself 60,000 at .0165 Anyone know?
Technicals... we have or are very near having buy for pincher play.. 5 day ema is .0183 and 5 day rsi per stock charts just climbed to 30.52 These are both buy signals.. the black line fo r both slow and fast stochastics is showing buy and the ppo closed around -61.89 pinching against adx line which is at 46.26.
Tomorrow could be a very good day!
Should pop tomorrow! Techs all say buy!
MAXM and CDEL were low ask.. was MAXM all alone at .0174, it appears like maybe maxm hit bid a few times at .0173 and .0171 and .017 and then he got hit.. enough he moved back .0177... and then to .0178 and then to .0184 and again to .02 as MAXM again backs off as ask is hit and hit.. bid up to .018... this is getting interesting.
MAXM is giving appearance of bidding, 100,000 at .0165 in now for thirteen minutes since 12:10 est this is closest its bid has been to buying I have seen in last month or two. CDEL and CANT are bidding .0166. Lets see if they keep it in or pull it back. I have not seen MAXM at or near high bid before. When is the last time this took place? Maxm is also second lowest ask... could bid be in to market target price for close or because he knows he is being watched, he needs to have a bid in to deflect from what he has done. Sure hope records exist for what we see on l2 going back a few months.
MAXM and group sure are trying to take air out of any rally and making a good effort to make stock seem dead, but maybe they are making last stand to hold/push price down? Downward wedge of lower highs now just below 1.8 cents, upward wedge of higher lower lows is moving up to join cross it and currently about 1.56 cents. MAXM and group will probably try to subdue any break out while maxing out any breakdown, as they have past three months. The pincher play is pinching closer and closer to taking place. This is getting interesting to me.. the technicals are all either signaling buy or could be very soon.
One more push down by MAXM, ask of .0175, immediately joined by CDEL sure hope finra and sec are monitoring this.
Filed complaint with SEC, thought it was time to complain about company as well as about Maxim, so chose box number one for Rock Creek as a Public company. I also included complaints about Maxim and Hudson Bay and Aldi in complaint.
I am grateful for posts and efforts by so many on this board that encouraged me to file complaint and am looking forward to something being done, hopefully soon.
I have gotten no answers to questions I asked in emails to Ted Jenkins at Rock Creek or to Stephanie Prince at the outside IR firm. I asked Stephanie Prince again to answer my questions in an email. Jenkins refused to answer my questions and referred me to her. She previously refused to answer questions in email, asking me to speak to her on the phone,saying it was her general rule not to answer investor questions in emails. I thought I would try again... get refusal in writing or maybe some really basic questions answered.
CDEL order size... 123 666... hmmm are they trying to summon help from the dark side.. kind of like when politicians flash the horns or 666 okay sign.. to get support
I complained to the company, wrote the board, and also filed complaint with FINRA. I really think a complaint about bad funding deal and abuse on the part of the other parties to the deal needs to be made to the board of rcpi, and to Mullan as CEO and chairman of the board. His clueless comment that suggested he would attempt to add adjunct to improve capital by going to the Maxim group, Hudson Bay and Aldi, ignoring shareholders and dilution of shares merits a written complaint to the company imo.
At this stage, company may claim breach on their part as reason to further enrich Maxim, Hudson Bay Capital and Aldi. They entered into agreement in October where you can be sure Maxim group, Hudson Bay and Aldi knew that Nasdaq required shareholder approval for RCPI to enter into funding deal with them, and stock was delisted shortly thereafter, which both parties knew full well was about to take place, and then rcpi management paid the Maxim Group, Hudson Bay and Aldi "make whole" penalties related to the delisting, so if nothing done, maybe company pays them again for stock price drop below minimum EVEN though it was caused by the manipulation to the downside led by the Maxim group, without which no violation would have occurred. So RCPI paid for first breach which all parties knew about and appears ready to pay again for this breach caused by Maxim... if we don't contact SEC and company to let them know what they should know has and is taking place.
Thank you LoveItInBishop! This really needs to be reported. I am convinced Hudson Bay Capital and Aldi are involved as well, thru Maxm for sure, but maybe thru CDEL and NITE too.
When I first saw MAXM agressively sell stock price was around fifty cents. I thought maybe company needed money and MAXM was raising needed capital, but that is not and has not been the case, so the only other reason is pure manipulation to benefit Hudson Bay Capital, Aldi and Maxim group through more shares being paid by company under funding deal. There is a No shorting clause, but this is no doubt being broken, breached, which they have used to blame RCPI for breach of minimum share price, and RCPI management does not appear to have a clue who they are dealing with. They are either too trusting of their financial counsel or who knows maybe they are complicit. They are not protecting existing shareholders.
The CEO and Chairman of the Board of RCPI, Mullan even mentioned going back to same polluted funding well and seeking funding from Hudson Bay, Aldi and Maxim group even after they have so manipulated stock price to downside, believing whatever they told him about the stock market and how it works based upon perceptions, etc.. and hiding their stock manipulation. Hopefully SEC steps up and shuts down this obvious wrong being committed by the Maxim group, Hudson Bay Capital and Aldi against RCPI and especially the shareholders of RCPI common stock.
Pincher play setting up!
5 day rsi almost at buy point for play
PPO leveling off at -61 and change
Adx leveling off at 46
ema is 18.1 for buy signal
Could Maxim be setting price? The last few days I have observed that when Maxim temporarily put bid or ask in... and then moved away, the market seemed to move toward the price he showed. Could there be something to this? For instance today before the market opened, Maxim showed ask of .017, backed away for ten minutes and now is back in at ask of .017. Thoughts?
Rally could easily hit seven cents once it gains some steam. Anatabloc all by itself without all the other great IP is worth more than a market cap at that price.
Anyone have good contact at the SEC? I have written company, including Jenkins and board... so far no satisfactory response.
Jenkins response to Nick who shared it on this board, was after I wrote about MAXM driving price down for last three months. He indirectly referred to funding agreement by referring to risk factors.. which were not included in quarterly, but were referenced from there to annual where they show risk from dilution related to convertible note holder agreement.
I have filed complaint with FINRA. Can someone share a good person at the SEC to file complaint? I have also contacted an attorney for a consult. It looks like company might have been either taken advantage, in which case whoever negotiated with Maxim and the note investors was incompetent or worse yet company management is complicit and aiding and abetting in the wrong being committed against their shareholders.
The value is there or I would not even concern myself. I liked anatabloc and would like to see it back on the market. I believe based on meeting with others who know the science, that the IP is valuable. But shareholders may have to sue, get SEC involved, etc.. because Mullan and Jenkins are either asleep at the wheel or worse yet complicit with the the enemy, which appears to be the Maxim group working on behalf of the convertible note holders in violation of the convertible note agreement, both in spirit and by short selling the stock, and together they have sold a tremendously large amount, possibly exceeding the total outstanding shares in the company.
Short selling of RCPI stock thru MAXM violates convertible note holder agreement. The convertible note agreement prohibits the note holder or Maxim acting on their behalf from selling shares of the company short or otherwise manipulating the price of the stock downward.
Any reasonable observer of trading in the stock in RCPI would conclude MAXM is selling, driving price of stock lower and violating the anti short sale of the stock provisions of the convertible note agreement, an agreement which the board, Mullan and Jenkins entered into without shareholder approval as required by Nasdaq, their fiduciary responsibility to shareholders, and maybe even the by-laws of the corporation.
In my observation of trading on level two, it appears Maxm, sometimes joined by a few other market makers such as cdel and nite appears to attempt to lower price of stock several times each trading day. I have not seen Maxm at the high bid, but they are often at or near the low ask, often at key times, such as in order to kill a rally in the price of the stock.
If someone can, please ask Ted Jenkins, Mullan or the board if they are going to stop Maxim and convertible bondholders and sue for breach of contract and unjust enrichment from one or all of their breaking the short sale portion of the convertible note agreement? It appears the breach of contract by MAXM short selling for themselves of clients, should provide the company grounds to get out of the convertible note agreement, recover substantial financial damages and to seek alternative financing, and if they were to pursue this, and not issue shares to Maxim, there could be multiple millions of shares Maxim and convertible bond holders may have to repurchase on the open market helping company stock recover from the recent bear raid that had dropped the price of the stock and market cap of the company far below what it otherwise would have been.
If company proves not to be shareholder friendly, then I think complaints need to be filed with SEC, and possibly legal action initiated to force a shareholder meeting, which should have a beneficial impact on our investment in the company.
Have a great Memorial Day weekend and don't forget, those freedoms that vets and our forefathers fought for could be lost if we don't value them and fight to keep them.
Question... do MMs ever place orders for each other to hide what they are doing from public? Just wondering since cdel and nite so often have joined maxm on sell side.. Could cdel and nite be bidding for MAXM to hide things if he wants to buy?..
Jenkins did not answer question.
He does not mention funding deal as reason why stock may have dropped in value... that is the reason.. that and downward selling pressure manipulation by Maxm to reward those who participated in predatory funding that Jenkins appears to be complicit in. File the complaint, but name Jenkins. He is the one at company besides Mullan who is responsible for the stock price decline and unjust enrichment of the parties involved all without shareholder approval, which Nasdaq required, and delisting appeared to get rid or requirement, otc has no such requirement, but.. sec, etc.. need to look into.
MAXM may need to buy now! They probably want to buy a lot more shares than the 100,000 they were showing at 0.0155 and just backed away from.. Be interesting to see if they show bid again or just buy if someone tries to sell at price lower than their asking price.
Did someone from the SEC contact MAXM, Hudson Bay, Aldi or Tenor? MAXM may need to buy now... would not surprise me if he tries to drive price down so he can buy as cheap as he can. He has a bid in to buy who knows how many shares, while showing 100,000 at .0155 and to sell probably as few as he can while showing 10,000 at 0.0169. He could be hoping whoever is selling with him when he sells, maybe naked shorts will join him to help push price down so he can buy at the moment. This could get interesting if one or all of them are caught with their pants down and have to cover. MAXM and those who have sold with him sure appears to have sold multiple millions of shares more than any record indicates, they, hudson bay or aldi ever owned.
Stock can pop once Maxim stops selling, they need to be reported for naked short selling... now way they or their clients own more shares than are outstanding.
If Dr. Mullan wakes up, stock will pop!
Great scientist, great scientific team at Rock Creek, but he yielded to some bad borrowing/raising funding advice and at least publicly thru mid May has not shown he has woken up.
RCPI has IP that if properly developed could be worth hundreds of millions... or more! This bad funding deal is why stock has dropped so much, but it also means it is a huge buying opportunity if the company gets out of the deal as market cap reflected by drop in share price appears to now be at a substantial discount to what IP minus liabilities is worth..
He needs to wake up and put an end to the bad terms of the deal, sue to get out of it or risk his good name, which if you go to wiki it is clear he is scientifically capable but he is not aware and appears to be financially asleep. Call him, write him, wake him up!
Michael Mullan
From Wikipedia, the free encyclopedia
Dr. Mike Mullan has allowed perhaps one of the greatest shearing of a company's stockholders in the Spring of 2016 watching idly by as the Maxim group has lead a group of market makers to sell the stock down in price from over fifty cents to about two cents per share as of May 25th, 2016, while he is accountable for this as the CEO and chairman of the board of directors of Rock Creek Pharmateucticals,Inc. Under his leadership while making wonderful progress on the science side of things, he has not done the same with the stock, as it has lost over 99 percent of its value under his watch. If he does not put an end to this he risk his good name, including his recognition a a leading authority on Alzheimer's disease and related disorders. Dr Mullan is a co-discoverer of the first ever genetic causes of Alzheimer's disease. Consequently, he was a co-inventor on the original patents,[1][2] covering three mutations in the amyloid precursor protein (APP) gene. He also co-authored the nature and nature genetics paper describing these three genetic errors,[3][4][5] He was senior author on two of those manuscripts.[4][5]
Dr. Mullan's Alzheimer work resulted in identifying the most widely mutation known as the Swedish Mutation [5] that is present in familial form. Transgenic Animal models for Alzheimer Disease frequently use the Swedish Mutation to reproduce features of the disease.
Dr. Michael Mullan
Dr. Michael Mullan was trained as a physician in England receiving his medical degree from London University. He subsequently gained a PhD in molecular genetics, also from London University. He is an inventor on the patents covering the first ever genetic mutations linked to familial Alzheimer's disease. He has co-authored over 200 papers on Alzheimer's disease and related disorders—on many of which he served as senior author. He has held positions a Professorial Chair and positions as professor of Psychiatry, Neurology, and Pathology. He cofounded the Roskamp Institute, a not-for-profit, stand-alone biomedical research Institute and served in the past as the Director and CEO. The institute is funded by multiple agencies, including the NIH and the Department of Defense. The Roskamp Institute is dedicated to the discovery and development of new treatments for neuropsychiatric disorders including Alzheimer’s disease, traumatic brain injury, Gulf War illness and a variety of related conditions. Dr Mullan serves as the CEO of Archer Pharmaceuticals, a for-profit spin-off of the Roskamp Institute. Archer Pharmaceuticals developed a drug which is currently in phase 3 clinical trials in nine countries in Europe.
Dr. Michael Mullan along with a team of neuroscientists at the Roskamp Institute invented the Brain Reserve Index, a numerical index that indicates risk of developing Alzheimer's Disease.
Dr. Mike Mullan has published over 200 research papers mostly on the causes and potential treatments of Alzheimer’s disease and other central nervous system diseases.
Dr. Michael Mullan is risking his good name by doing nothing to stop Maxim group from manipulating the stock in company he is currently the CEO and Chairman of the Board for Rockcreek Pharmaceuticals from 50 cents per share to now below two cents per share as of May 25th, 2016, as such he is hurting investors in the common stock of the company.
....rest won't fit
Anyone hear from RCPI? Please post anything from outstanding share count, any news from investment bank valuing IP and looking to help with needed raise of capital, maybe including ending deal with Maxim and getting out of convertible note financing deal? Does company plan to sue Maxim, Hudson Bay and/or Aldi for having sold stock in bad faith and contrary to the no shorting rule in the contract?
Official outstanding share count <=19 million, not including 6 million registered for stock option plan, which are not outstanding until options are exercised. Many have been guessing. If anyone can cite a source for up to the date shares outstanding that would be helpful for all. This 62 million figure where did you here it? I don't doubt that including naked shares of stock pre sold by convertible bond holders or maxim, that there might be as many as 62 million shares out there, but.. I would guess less than 1/3 can be delivered.
Google finance says 24.22, CBS marketwatch indicates 26.8 but company has not acknowledged to me when I asked any greater amount than 19 million shares.. it would be good to know. Can someone find out from reliable sources? The increase in shares is not showing up in any sec filings, last updated May 16th.