BioSante Pharmaceuticals, Inc. (BPAX)

[JDLewis]

It is obvious when watching L2 that they are trying to keep this down. I think that the majority of the 18 million shorts were sold at a PPS much higher than where we are today. The longer they can whittle away at share price by churning away 100 share sales in increments of a thousandths of a cent, then it gives them a chance to buy back shares, when they finally decide to do so, at a lower starting point. There is little risk for them because even in PPS rises, they have plenty of room to cover before they reach the price they originally issued shares at. The only way they get burnt is if PPS rises rapidly beyond the $2-$4 range where most of the short sales were issued. But then again, this is only a theory and only my uneducated opinion. I'm open to others!