Trevena Inc (TRVN)

[couldbebetter]

My Theory: Management (or underwriters) clued some large investors into
the offering being imminent after FDA decision on approval...The
investor(s) then shorted the stock on Friday knowing that if the
approval was denied the share price would plunge, and if approved
they would continue to short more shares, all the while knowing
that the offering would tank the stock. TRVN management (my speculation)
wanted the offering stock in friendly hands at a discounted price, and
allow management to be issued new stock or options at low, instead of
high prices. Maybe management does not want the share price to move
up until they and their buddies are fully invested for what should
be the real move up. That is how Wall Street works. Management here
was unethical in what they showed in Monday's presentation that they
were in solid financial condition and could run operations until 2021
year end. Typical greedy management that cares nothing about small
investors who actually read the presentations provided. Pathetic!