Wednesday, July 20, 2016 4:35:15 PM
The afternoon is business as usual. Amedica through their proxy ladenburg thalmann, placed the offering in the hands of one of the most unrelenting shorters of penny stock funding hedge funds in the world. Once that information became public, smaller hedges, private equity and retail shorting groups went full tilt boogie on the short.
Amedica is run by very smart people and they knew gosh darn well what they were doing. They needed cash and they got what they needed. The stock might recover but it's about if FDA approval is obtained, what type of contracts are in the pipeline, but it will be a bumpy road. It's really time Sonny and his team step up and make their shareholders some money. Do they really want an unfriendly voice on their BOD because that's a possibility...
Recent SINT News
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