Momenta Pharmaceuticals, Inc. (MNTA)

[IanFromSI]

EDIT: Matt Taibbi was the GS reporter...


IMO, it's far more likely that Goldman Sachs was the institutional seller shorting MNTA during the past couple months after MNTA couldn't find any other banker to manage the offering.

After GS finished shorting the shares, MNTA announced the offer
and its pricing. GS got the shares back to cover its short and quit selling thus removing a significant downside pressure.

Hoping that there was a long line of institutional buyers is a bit farfetched. These people are knowledgeable and fully understand
that there will be at least 2-3 years before MNTA has anything. And they are also aware of MNTA's track record.

I forget the name of the investigative reporter that did a series of articles on GS - Matt Tabrisi or something like that. He disclosed far more serious breaches of Securities laws and regulations than the shorting into an offer.

MNTA is a serial destroyer of capital.

Ignoring a companies consistent track record is rarely a successful investing approach.

Good luck (I won't finish the rhyme,