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Rusty, momentum is building up as you know, more people keeps an eye on BPAX. Although my boat is way overloaded I bought some more shares @ 1.16 - $1.19. Who knows maybe you get lucky @1.26?
If we don't get any news today Monday may be your day??????
JTFM, it would be very unusual for BPAX management to relies news on Friday. Most of the time they used to dump whatever they had on us in the middle of the week, newer giving damn about investors or some time to chew on it. Unless the new ANI People have some more sensibility and respect for shareholders. Don't hold my breath for this. But who knows? That would be good sign for start.
BTW, what about theory that they would have some considerations for option writers? (MM ?). to wait for options expiration to make the move?
This sounds to me like pure manipulation, they already have lawsuits on their hands. I don't think they are looking for more.
I think that people waiting for tax sale will be disappointed, whoever wanted to sale for tax write offs has done it already.
You sound pretty confidant we gonna get S-4 out on Friday.
Man, that's brave!!!
Rusty, I'm afraid the fire sale is gone for good GL.
R3D,then maybe you could buy out BPAX, for youself.
Rusty, all things considered, if you look at the chart. Around 9/18 we had exactly the same situation. Although that move had more power then the present one, much more volume, stronger PPS action. Well, what happened next? We went for all time lows. What I like better about this one, it's a slow steady, tight move. Doesn't smell like short initiated spike this time. Big Boys step in? Next couple of days should give us some answers. Maybe we will see a break out from this damn down trend.
Whether you like it or not BPAX has been a play ground for shorts for years. They are mostly the only people who made money here!!!!
This merger after Libigel debacle is basically the only way out preventing shorts to drive this company to the ground. So, Professor don't tell me that increasing Short position here is not a factor. Calls? no action at all.
Trend is still down. We hit the downtrend line today ($1.37) on pretty good volume, then pulled back. Can we brake it ? Well, without good news it's a hard think to do. Then again just a thought that 90% of "good" news this year from this great management pushed the PPS down, well, maybe there is a better chance without news.
We all know, good size short interest may turn into racket fuel for PPS to go higher. Right now next few days will give us some answers.
As of today I'm cautiously optimistic.......again.
We've seen this play before, like a Groundhog day. Run up fast spikes, grind it down slowly, dumping big size lots to force another drop. Lower highs, lower lows. Wild spreads..........
What seems to change lately? After shake up to $1.08 trading seems to be more organized. Tight spreads, big size lots absorbed with no impact on PPS, volume dried up, buys coming in towards end of session suggest Pro- involvement. Higher lows, higher highs. Shorts finally are challenged in some meaningful way.
Maybe they already started to cover, I'm sure they realized they are running out of time. 3.7 mil shares to cover? I expect volume will pick up significantly. .
Finally we have been seeing some upward pressure. Today I suspect some People who bought in around $1.1 sold for 25% profit.
Short Interest up again WTF????? 3,739,360
Settlement Date Short Interest 11/15/2012
.........Avg Daily Share Volume...266,147 ..................Days To Cover...14.049980
3,739,360
Read more: http://www.nasdaq.com/symbol/bpax/short-interest#ixzz2DStAkykj
Shouldn't they relies final outcome safety study in December? ......
Could be followed by NDA for Libi? That would be something!!!
SK 57207 $1 Jan 2013 contracts - 16 shares per contr. is just worth just $915k , you could be rigth. MM will try to keep it under 2.50 those are costly.
We are going higher, you better believe Rusty, No more mr. shorty.
It looks like next week 50DMA will cross 100 DMA for the first time in 14 Months. Some news soon, could stir up shorts. Even Market Manipulators wont be able to keep it in check any longer.
Prof. Do you know what will happen to the options if merger will actually go trough? Then it's gonna be new Company, BPAX would be gone for good.
Will all options get canceled? I do not know this how it works.
Prof. You are correct most of the options were written before 1:6 RS
For example they are showing over 57 000 contracts $1 Jan 2013. try to buy it, they are restricted due to RS. The reason nobody buys them? Just to break even PPS would have to go over $12. One contract controls just 16 shares instead 100.
The new after RS call options/ 100 Sh. per contract. start at $2.50 Jan 2013. They offer over 18000 contracts. At PPS @ $1.2 they are to expansive. (ask $.05)If we climb in $1.5 buyers will step in.
March 2013 $2.5 calls / 100sh. per contract. Now offered only 900 contracts. (ask $.10) March calls with the PPS in decline few weeks ago were sold for five cents,
So look, as most of thinks with BPAX are screwed up Options are no exception. I f you look up what I'm talking about you will find out that all Calls really in play here........ don't exceed 25000 contracts.
The other RS could damage these calls also.
Understood, Then why to even write these calls? Just in hope some people would take a chance and buy them anyway?
Prof. I've been watching the same thing for pretty long time.
The amount of Jan 2013 call is just insane!!!...
Double of shares shorted.
Don't you think that writing calls doesn't really hurt writer until........somebody will buy them? and the stock will turn against writer? All BPAX Options are completely cold at this point,nobody buying even $1 Jan 2013 calls for $.05?????? For me it looks they are working on investors on all fronts. Overwhelming number of calls is being used to discourage potential buyers of stock and options. It seem to work pretty good so far.
Pete, Man if even you have been turning bearish??????
We definitely going up from here. God only knows when.
How do you feel? I'm going trough Gout attack, this really sucks.
If comes to voting, maybe you are right?
Unless some new facts will come up, I'll vote against the merger.
One thing bothers me for some time, maybe LibiGel is done for good, and Simes has no choice but to put the Company under "umbrella" of this merger. Otherwise why give his favorite Baby for adoption? Having perspective of LibiG approval, he would be the one calling shots. Why give it up???? We even have the packaging machine ready to roll.
Unless this whole merger is a fake to buy time, to keep PPS from going way, way down and some day soon we will be hit with NDA submission news for LibiG new shot for FDA approval????????????
Dumping 50k shares at 3.06 didn't work today...........Are we getting some support?.....somebody buying? Was that you Pete?
Thanks Prof..... this time....LibiGel missing in action...?????
JTFM, don't get me wrong but if all believes & hopes of a lot of People on this MB could be translate in value of this stock......Man! we would be pushing much higher PPS then it is now. Unfortunately greedy wall street crooks along with our "sophisticated" NOT, management will decide what's gonna be with Biosante. I do not doubt for a second in your good intentions even if you 100% correct in your research and believes still, laying and cheating crooks will have it their way. You know what.... I started to believe in something else.........they must be adding something into the water or food. Honesty?..... Truth?.....Responsibility?...
what's that?........who cares about these ancient things?
Well stupid me, the example starts right there from the top.
BTW. Just wondering, what is ANI's cash position? Aren't they mostly interested to put their hands on BPAX 38M?
Why BPAX stopped safety study? Actually why stopping safety study is part of merger agreement?
"no matter what I or anyone here does, the vote will magically go through and the deal will happen".
Just curious what is the voting power just from this MB? How many millions ?
I said I wont vote for the merger long tome ago
SK, what if we all get this completely wrong and we don't realize that bringing back hopes early in the year for LibiGel approval was just to buy some time to find way out? This move slowed down PPS decline, otherwise it would be in the pennies by now. Panic like actions taken by the management has been suggesting something is terrible wrong. Concluding prematurely safety study could be just the way to save money without wasting it for doomed product.
I'm sure this is not gonna be popular here but so far "Rosy" predictions don't seem to point PPS in positive direction.
They probably are making it back selling and shorting this miserable crap.
JTFM, Isn't BioT already promoted by BC&BS in few states at its original name? Now Teva will slap their label on the drug and no one will even know that our "heroic" company created the drug.
It's already gone of BPAX website.
How much is Biosante collect of this deal? 5 - 10 % WTF!!!!!
Isn't this crazy the way Biosante has been conducting their business? no wonder it could vanish in few months.
BTW Shortanalytics.com shows 47 % sold short today.
They keep pressing on. Some great PR could be helpful here to turn this stock around.
Hey!!!! Simes you hear? In one month you can celebrate LibiGel debacle!!!!!! Data entry problems in blame? You are pathetic loser.
JTFM.
It looks that besids Slicer and Pete, sombody else is buying
Lets see if it's a little new trend. Todays spread.......3 Cents.
On 1 year chart 10 WMA about to cross 20WMA. Not really a big deal but......maybe just the bigining
BTW, what do you make of bio-T gel removed from Biosante Website?
Few of Big Boys reporting so far show some increase in positions
as of today Institutional Ownership: 11.45% /up from 9.91%
Institutions loading up!!!!!!! Just a bit......
http://www.nasdaq.com/symbol/bpax/institutional-holdings
Geeeshhhh. I forgot about WABC
FOX News and Drudge Report, the only hope for truth in whats left from our Country.
Bean, I know this much, what I can't figure out, why the total stands still at 9.91% 0r 2,420,514? Don't you think these ####'s should reflect some changes? I know it's a petty argument and some MB members are scratching their heads or laughing out loud and thinking what are we drinking .........but what the heck, maybe some true joy will come here........ some day Man. JTFM doesn't seem to lose investigative spirit. He keeps putting BPAX in the center of universe.
I would really like to know how they fool the NASDAQ report.
Number of total, decreased, sold out Inst. has changed down.
Total shares held is still the same 2,420,514 / 9.91%.
Just curios maybe I could use their creative math in my bank.
Well, next week all these crooks will have to put out their real ### for 3Q.
Today's IO 9.91 % 10/31/12 IO 9.91%
Total Shares Held: 60 /2,420,514 / 68 2,420,514
New Positions: 7 / 449,904 / 7
Increased Positions: 15 / 899,550 / 15
Decreased Positions: 37 /2,179,864 / 47
Holders With Activity: 52 /3,079,414 /
Sold Out Positions: 18 /868,950 / 26
What a creepy reporting;number of Institutions changed but amount of Shares and percentage still the same WTF?
Read more: http://www.nasdaq.com/symbol/bpax/institutional-
holdings#ixzz2BqWFBmXN
Short Pos. up again 3,650,568
Settlement Date Short Interest Avg Daily Share Volume Days To Cover
10/31/2012 3,650,568 455,663 8.011552
Read more: http://www.nasdaq.com/symbol/bpax/short-interest#ixzz2BqVCDQ3p
HS, I'm ready to compromise with you and I'm open to any Ideas,
but I will not accept anybody's opinion If you don't agree with me............ha, ha, ha, ha......... this is getting better and better .
Jeff, In one of recent PR they said We will get all merger's details very soon. Now, it's the end of Nov. If the latest safety review outcome is good and gives Simes good shot for NDA, why to give it up? It's like long time expected Baby giving for adoption.
Something doesn't sound right to me.
LT, I've been saying right from the time of merger announcement IT SUX !!! I still don't believe it will happen.
BPAX with 38M or $1.6 Per Share in cash doesn't need it.
We can make better on our own.
Instead they try to trick SH with CVR, CRV or VCR whatever it is it's a scam.
Bean, discussion about this took place here while ago,
I would need to look it up, maybe tonight.
Prof. posted some time ago excerpt from filing saying that Libi study was concluded due to the merger, as one of the conditions of merger agreement not positive or negative outcome of study. Can't find this posting.
9/4/12 PR Given this latest review during which no specific or general safety issues were raised, and after extensive consideration, BioSante also announced the conclusion of the LibiGel Phase III safety study effective immediately. Prior to the initiation of the LibiGel safety study in 2008, the FDA advised BioSante that subjects in the cardiovascular event and breast cancer safety study had to have a minimum average exposure in the safety study of 12 months prior to submitting a LibiGel new drug application (NDA), and prior to a potential FDA approval of LibiGel. At this time, subjects have been in this study for an average time of 24.5 months; more than 3,200 subjects have been in the study for more than one year and over 1,700 subjects have been enrolled for more than two years. With this ninth positive unblinded review of the study by the DMC, and over 7,300 women-years of exposure, BioSante believes that adequate safety data of LibiGel use in menopausal women has been obtained.
"We are very pleased with this ninth DMC review of our LibiGel Phase III safety study. Based on this latest DMC review, the long term exposure to LibiGel in the safety study, and other considerations, we believe that we have sufficient exposure to establish pre-approval LibiGel safety and conclude the study," stated Michael Snabes, M.D., Ph.D., the senior vice president of medical affairs for BioSante.
What would be the reason, for changing the tone that now BPAX is waiting for another.... .third party final review other then .......
are they gonna submit NDA....soon? Or the merger will put it on hold?.....if there will be any merger.
"CONGRATULATION" AMERICANS, let's these miserable reality shows go on......... I feel sorry.
Win
The double digits PPS is closer and closer.
Day by day. I believe that!!!!