InvestorsHub Logo
Followers 7
Posts 263
Boards Moderated 0
Alias Born 09/30/2015

Re: Ready4bluesky post# 52747

Thursday, 02/04/2016 8:32:50 PM

Thursday, February 04, 2016 8:32:50 PM

Post# of 702505

With regard to Linda Powers. She is focused on trying to figure out if a certain number of investors became aware of the confidential 1st IA results before anyone else (remember the 30% intra-day drop?) and profited by shorting it down to our current levels.



That drop happened in the afternoon of the day October 2015 options expired. There was a massive $6 put open interest at that time. The drop was because shares were put to the options seller who needed to liquidate immediately.

Anyone remember when that $6 put position was established? My memory is not that great but I think the big open interest was established sometime in June 2015 when shares were trading around $9.

I don't believe the naked short selling theories. I think some large shareholder, could be Dennis Michael, took a protective put position when shares ran up due to NW buying in open market and the timing was because LP stated she expects IA to happen around June. At option expiry the options were in the money and there was uncertainty due to screening halt so the large investor(s) decided to put the shares to the put seller.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent NWBO News