Macerimmer, you have good points. BPAX for long time became playing ground for shorts, day traders, swingers . Every singe time it's been played probably by the same people. Company lost credibility, it's a undeniable fact. Does not seem to attract any serious, institutional investors (10% is a joke) Chasing holy grail (libi) doesn't jive with new investors anymore. Why would ?, every time new buyers stepped in........ they were crashed and taken to the cleaners.
Following your remarks, maybe you right. New name, new company, new management and first of all more stabilized, more solid financial situation with products sold and manufacturing activities, capabilities bringing revenues. I know this was discussed here and I don't necessarily discover America so far.
However,there are 3.5M short shares. If the merger will go trough in 2-3 months there wont be BPAX anymore, so shorts have window of opportunity to cover which may get closed even before merger final date. We may see some crazy stuff still to happen with PPS.
My theory about "poison pill" could be just this, a theory.
This could be an explanation for present drop...... Wall Street manipulation.
Maybe this way out for BPEX is gonna work out for us??. I can only imagine if management would put out a strong PR soon, They could create really explosive short squeeze. Well, I'm not holding my breath for this although they own us something.
AI
