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SmokerX

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SmokerX

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Monday, 09/17/2018 6:33:54 PM

Monday, September 17, 2018 6:33:54 PM

Post# of 41268
https://www.sec.gov/news/press-release/2018-190

"option 4 = bankruptcy" -AMDA Ihub



The Securities and Exchange Commission today charged a hedge fund adviser and his investment advisory firm with illegally profiting from a scheme to drive down the price of San Diego-based Ligand Pharmaceuticals Inc.
The SEC’s complaint, filed in federal court in Massachusetts, alleges that Lemelson used written reports, interviews, and social media to spread untrue claims, including that Ligand was “teetering on the brink of bankruptcy”



“While short-sellers are free to express their opinions about particular companies, they may not bolster those opinions with false statements



It looks like theyre trying to make an example, but it's like using a squirt gun to put out a housefire.
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