Bio Path Holdings Inc (BPTH)

[Snug9]

Mt Bobster, do you know the difference between a short seller and a carp? One is a scum-sucking bottom dweller and the other is a fish! Shorters sell stock they do not own by borrowing brokerage shares, in the anticipation that the share price will drop, in the short term, and they can then buy stock back at a lower price to cover their sale. Their profit is the difference between the price they sold at and the price they were able to buy stock back to cover their short sell. Anyone shorting stock can lose big-time if they guess the stock wrong and the price doesn’t drop. They then have to buy shares back at a price higher than their sale price which results in a loss to them. For this reason brokerage firms require short sellers to have a margin account in case share price goes up and the brokerage has to cover the sold stock. The brokerage covers the loss from the short sellers margin account. Investors shorting stock typically pick weak, poorly performing stocks. PN and the Board have put BPTH in a prime position for shorting!
When I say that shorters are bottom-dwellers it is because at times when they fear the stock isn’t going down they will write posts spreading lies, half-truths and innuendos in an attempt to drive the price down so they can cover their short sells. This happened a couple of years ago when Streetsweeper published an article about BPTH because the share price had quickly jumped to around $3 per share and he had a large short to cover. The result was a large, quick drop in BPTH share price based upon his half-truths. That was the beginning of the long drop in share price that we’ve seen coupled with the incredible mismanagement that exists in the CEO and BOD. Streetsweepers article caused investors to take a long look at PN and the Board and they didn’t like what they saw!
A good reference on short sales is Essentials of Investment by Bodie, Kane and Marcus.