Vascular Biogenics Ltd (VBLT)

[Valueinvestor12]

Why did Piper Jaffray buy $18 million worth of VBLT stock? Piper Jaffray did their homework on vblt and decided to buy the stock to sell it later at higher price. VBLT small float was not attractive to institutional investors because they want bigger float/ number of shares. Piper Jaffray and VBLT made a deal to have more shares issued so they can own more shares to sell it later at higher prices. We need to think about this twice. First, the Japanese company invest $15 million in VBLT and second, Piper Jaffray buys $18 million worth of vblt stock so why they did that to lose their money or to make more later on. Both companies have more knowledge about VBLT than all of us the individual investors. I wish all of you happy thanksgiving.