Opportunity, If you read about shorting, the hedge funds can make money during substantial swings in the stock price. They short on peaks and cover when the price falls back. The stock have been 5 to 6 cents for months all the while Mata hari has been claiming massive continued shorting. Even if they were shorting, they just cannot make money that way.
You and I can not short stocks because we do not have necessary broker cooperation to short any stocks. I have never shorted any stocks but I have read the rules for shorting and the brokerage I use will not allow shorting a stock selling for less than $5. Other brokerages have lower limits but none will allow a private holder to short a 5 cent stock.
I do agree with you that Moro even beginning clinical trials for FDA approval would give the stock a shot in the arm. The problem I see is that it is not going to be an inexpensive effort. There is only one thing that will send the stock upward without a following retreat. That is revenue. Moro must show a source of revenue that could take the company to profitability.
I think that Moro understands that spending money to obtain FDA approval is not a guarantee of substantial revenue. Moro needs the licensees to sell the product and all indications are that Inverness and Abbott are not progressing. Moro could spend a bunch of money obtaining approval and still not have any effective marketing and no revenue. He said he was going to license the ELISA test 2 1/2 years ago and there have been ZERO licensees signed.
Look at RPC. Management got the stock price up with a lot of no cost licensees but IMO, it is poised for a huge fall. There is just no way they are going to have the necessary sales to meet their estimates.
GoldSeeker™
I have never shorted nor intend to have any financial interest in BOCX. I am not connected with anyone who trades, shorts or has financial interests in BOCX. I only post facts and my opinions. I do not post on IHUB with different aliases.
