my first thoughts are that they got those shares on our runup in late march and then the big transaction april 1st was not to JMP but to Medarex. This being the case don't they have to file a form since they own 10% or thereabout? we could see when they got these shares. this explains a lot of what is going on. After they get their shares we conveniently go back down and get stuck. I think Medarex is still accumulating and has PA's blessing in doing so. this so bleed is great for making longs frustrated. They are soaking whatever float up that they can. Which also leads me to believe that the buyout will ONLY happen when PA, Medarex and the possible 3rd party are ready. We all thought something like this all along so now it makes sense why the lack of news etc. They want as many shares as possible for the big payday we all believe is coming.
patience boys patience! Medarex didn't buy 2.6 million shares to lose money this late in the game. They wanted to be at the table baby! this is huge.
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