Three paragraphs in and the author begins talking about taking short positions in bio stocks. The hit piece written by Sweeper last Thursday talked about their short position in the first paragraph. So congrats to the author for taking a chance on people making up their minds before they got to the crux of his bashing.
I’m still waiting for someone to approach me with a logical and at least semi coherent argument for why a company with a state of the art facility, cash on hand for the next 12 months minimum, multiple licensing contracts, funding from the Bill & Melinda Gates Foundation, a former advisor to Presidents Clinton & Bush on their Board of Directors, and.... offering their technology directly to the Federal Government in the Ebola crisis is a pump & dump? Because you said so? Because a hack law firm that has nothing to lose and everything to gain by adversely affecting IBIO’s share price said so? I hope you’re better than that. You’re going to have to be.
I traded pennies for 10 years. I’ve seen all of the scams and heard all of the stories. P&D’s don’t care if they are on the OTC, Pinksheets or a roll of toilet paper. IBIO has taken steps to ensure they remain on the AMEX while their stock is beaten to hell by day traders and shorts. IBIO doesn’t regard itself as a penny and image while you’re dealing on such a high level is extremely important. What you have here is simple market manipulation by pro’s who know damn well that the market over reacts to any news good or bad, and they take measures to profit from it.
Anybody reading this who has a position in IBIO and is unsure about it, get out. Because you probably don’t know enough about the underbelly of the market that preys on you. Jackals like Rosen and the current paid bashers attacking the message boards who are hired by firms short on Ebola stocks like IBIO, use your good nature against you. Good luck.
