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Wednesday, March 06, 2013 6:58:10 PM
I'm going to take a stab at whats going on here. Lets suppose that the USPTO (that's the patent office) notifies MCET that their patent for MCT465-485 will be approved soon. They do that you know. It was submitted in 2008 and 5 years is about the going rate for getting something out of the cesspool of red tape known as the US Govt. They usually give a company 2 or 3 months notice. Now let's suppose that MCET has a suitor that insisted that the patent be issued BEFORE they sign a financing agreement. Big pharmas often have that as a requirement. Now let's suppose that the patent is a big time thing (like a cure for liver cancer or even better, maybe other cancers also. The suitor would be sitting in the cats bird seat. If they thought that the PPS for MCET would soar, why wouldn't they accumulate shares. They could use the money generated from the sale of those shares to finance the entire deal without having to use their own funds.
I know this is a long shot, but what else fits? (Short selling afficianados need not respond.) No proof for that.
As usual, JMHO (but it fits what I'm seeing)
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