Wednesday, July 20, 2016 12:17:14 AM
MStone - Absolutely correct. It's also not difficult to figure out the "they" behind the short. Amedica knows full well where the shares went as well. Miami, Los Angeles, Caymans, BVI, New York, Austria, but not Vaduz. This is an Austrian PIPE not Lichtenstein. BAWAG. The irony is we share friends.
Hey Doc, No "Shenanigans" right?
I digress - The real wild card in all this isn't about who is short, rather it is the FDA. Yeah the FDA. Yes the FDA. Will they or won't they approve the device, that truly is the $186.5million dollar question. Bill, have you heard from Mr. Melkerson yet? Hopefully It'll go something like this...
Dear Mr. Jordan:
We have reviewed your Section 510(k) premarket notification of intent to market the device referenced above and have determined the device is substantially equivalent (for the indications for use stated in the enclosure) to legally marketed predicate devices marketed in interstate commerce prior to May 28, 1976, the enactment date of the Medical Device Amendments, or to devices that have been reclassified in accordance with the provisions of the Federal Food, Drug, and Cosmetic Act (Act) that do not require approval of a premarket approval application (PMA). You may, therefore, market the device, subject to the general controls provisions of the Act. The general controls provisions of the Act include requirements for annual registration, listing of devices, good manufacturing practice, labeling, and prohibitions against misbranding and adulteration. Please note: CDRH does not evaluate information related to contract liability warranties. We remind you, however, that device labeling must be truthful and not misleading.
If your device is classified (see above) into either class II (Special Controls) or class III (PMA), it may be subject to additional controls. Existing major regulations affecting your device can be found in the Code of Federal Regulations, Title 21, Parts 800 to 898. In addition, FDA may publish further announcements concerning your device in the Federal Register
If I were short a few million shares I'd want to have an insurance policy of warrants too...retail gonna get fried trying to find shares. Now imagine if this were all an ingenious trap. Crazy Hypothetiss. Metallica is such great thinking music...Gone2Ground I go.
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