Vericel Corp. (VCEL)

[commoncentsinvestor]

"Maybe they will let us know if the secondary is complete and Cowan has no more shares to sell. "

These, of course, are two different things.

The recent offering through Piper Jaffrey is complete. Both the offering and the over allotment.

http://www.nasdaq.com/press-release/vericel-corporation-announces-exercise-of-underwriters-over-allotment-option-and-closing-of-20-20161221-00761

The ATM with Cowen is a different matter. Unfortunately we have no way of knowing whether or not any or all the shares have been sold under the ATM.

Anyway, right now it appears that there are 3 possibilities for the share price being contained.

1. Huge amount of shorting going on by those who believe this is all a scam and expect the share price to crash. That seems highly unlikely.

2. Cowen/Vericel is actively selling the ATM shares into the bid. If that is true it would be very dissapointing as the company certainly isn't desperate for the funds right now. It would mean that they think the shares are overpriced and don't expect them to go higher. Again, that doesn't seem likely but who knows.

3. The scenario I mentioned earlier which is some big buyers or buyers controlling the price in order to pick up shares.

Your guess is as good as mine.