Bio Path Holdings Inc (BPTH)

[wordlender]

The timing of this stock dump and the number of shares is interesting. The notice of effectiveness for those 4.4 million shares was issued right before this started tanking (most recent tanking). The total number of shares traded over the past couple trading days is suspiciously similar to the number of shares covered by those new warrants.

I'm guessing Sabby, as the owner of the warrants, is playing a straddle trade. They already own some shares and the warrants for the long position, now they just opened a short position protected by the warrants. No matter what happens with the phase 2 results, they will make money.