Aurinia Pharmaceuticals Inc (AUPH)

[moosedogger]

The sooner the Albatross ILJIN is gone, the better for Aurinia and its shareholders

At least their ownership is now under 10%. Maybe an institution will buy out their interest someday. With the millions of shares they acquired for peanuts, they pretty much have free rein to jerk the price around whenever they wish.

The following is from September, 2020:

ILJIN SNT may in the future take such actions with respect to its investment in Aurinia as it deems appropriate, including, without limitation, proposals for business combinations or otherwise acquiring additional Common Shares or warrants, engaging in any hedging or similar transactions with respect to Common Shares, effecting changes in the board composition, ownership structure or operations of Aurinia, submitting shareholder proposals regarding amendments to Aurinia's articles or other policies, encouraging Aurinia to pursue one or more strategic transactions and/or otherwise changing their intention with respect to any and all matters. Any such transaction or action referred to in this paragraph would be made in compliance with all applicable laws and regulations.

https://www.newswire.ca/news-releases/iljin-snt-co-ltd-announces-filing-of-early-warning-report-related-to-aurinia-pharmaceuticals-inc--880300003.html

"If only they had used their power for good instead of evil"