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Thanks Pyrr
I appreciate your full disclosure, info on Woodford's activist move, and the rational for exiting your position. Certainly the risk has worsened for holding the stock through this investigative process and lack of favorable resolution to the halt.
I've been out of the loop since my last posting - thanks for the alert. I will take appropriate steps to protect my small position.
Also, thanks for the heads up on your writings on Seeking Alpha.
"Back in" based on Pyrr's scenario
Based on the scenario that Pyrr has hypothesized, I'm back in to a level about 15% of my original position. IMO Woodford isn't about to bolt.
Oxnous - meant to give you this link:
http://www.nasdaq.com/symbol/aemd/short-interest
It's a free link to short-interest. The other link is to Whale Wisdom which posts all the 13F holders reports of stock held at the end of the quarter. The post the reports as they receive them but the filers have 45 days after the quarter to do so. Interestingly AEMD has picked a very modest number of institutional investors after the listing on NASDAQ.
Oxnous - here's a free link to short interest:
http://whalewisdom.com/stock/aemd
Kullman played a Lose, Lose, Lose game
She may go out with millions, but she goes out a loser. Stock owners who voted for management are losers. Those that voter for Trian (Peltz) are losers. Everybody is a loser. Takes a really big ego to come up with an outcome like that. I said it before on this board, keep you friends close, but keep your enemies closer. Something that Kullman never learned - what a pity.
The trading volume should drop if the selling group is done. As the group was large and apparently well organized, it will be interesting to learn who bought.
In case you aren't aware
On Aug 4 AEMD in a SEC filing stated that a group of shareholders were offering for sale 952,383 common shares of AEMD and 746,657 warrants whose conversion price was $6.30. In the period of Aug 5 - Sept 30, there were 40 trading days. On 22 of those days the trading volume exceeded 100,000 that totals 4,360,374 shares. Even if all sellers sold to MMs and the MMs to new buyers, the total stock that traded hands would be 2,180,000 shares. There's a very good chance that the selling shareholders have been successful although no data on the warrants. Alpha Capital Anstalt of Lichtenstein offered their 694,444 shares that they announced on 6/24 as having acquired. The selling group will retain 1.117.066 common stock/ warrants.
We'll soon see what the new quarter brings and in 45 days learn who filled 13Fs.
time will tell
at 77 years old there isn't a slapdaddy around any more.
Based in large part on Pyrrhonian's knowledge, insight, and conclusions, I have sold all my NWBO stock. The lack of successful price negotiations with the German,s who were early supporters, is troubling. I sold in the high 7's to high 10's. I will continue to monitor hoping NWBO is successful. But I suspect the road is going to be rough - hope I'm wrong.
On Aug 5 this was announced:
TZOR - Fidelity pays 14% interest on loaned NWBO stock. Nice margin Fidelity makes on arranging borrower and lender.
IMO it has nothing to do with the company or stock. Big down day in the market; sharks smell opportunity to shake the trees, and weak hands oblige. Capitalism at work on Wall Street. If one can't take downdrafts, one shouldn't be in stocks.
No charge from Fidelity.
IMO the clue that AEMD was different is when JJ said they would make accounting changes (clean up the balance sheet) for fiscal 2014 year end in anticipation of seeking listing on NASDAQ. That signaled RS to me (although didn't expect 50:1) and researched listing requirements and concluded something must a afoot because on the surface AEMD didn't qualify. I doubled my position during the selloff last week especially when 19 cents was the support. Did that believing JJ knew what he was doing.
Last trade 12.10. Asking 12.15. No valuation showing in my portfolios at Fidelity yet.
AEMDD is open. 624 shares traded at 10.40. Ask showing 40,000 @ 11.00
the current ask in 10.90 and 10,000 available. I wonder what happened to the 60,000 at 10.40.
Fidelity showing the RS. 60,000 shares bid and asked @ 10.25 and 10.40 respectively. No trades. No last trade to reflect share value in the portfolio.
The RS is dependent on FINRA approval. This from AEMD's news release:
The implementation of the reverse stock split is subject to approval by the Financial Industry Regulatory Authority (FINRA). Upon approval by FINRA, the Company's common stock will trade on a split-adjusted basis under the temporary symbol "AEMDD," with the "D" appended to signify that the reverse stock split has occurred. The trading symbol will revert to "AEMD" after approximately 20 trading days. We currently anticipate that FINRA will approve the reverse stock split on April 10, 2015, however there can be no assurance that the effectiveness of the reverse stock split will occur on that date.
AEMDD is not on Fidelity.com yet.
you are appreciated - thanks for your contributions. Hope you're not serious about leaving this MB.
There seems to be a floor at .19 and the market is absorbing all the sell orders. IMHO there is more to this RS than meets the eye - maybe investors waiting in the wings.
Fidelity now paying 14% on NWBO loaned stock - up from 12.5%.
Don't bet your bottom dollar on Elliot Wave Theory wave counts. When the counts and targets don't materialize, the analysts change the count. But it is a interesting theory.