Replies to post #20586 on Momenta Pharmaceuticals, Inc. (MNTA)

[jbog]

Craig did us a disservice.

Come-on man, Craig's walking away with $50 to $75 million, can't you give the poor guy a break.

Shame on you.

[funindasun]

Flo, Boing... There's something ain't right here.

They manipulated the stock price from ~$40 to ~$30 -the day of the announcement. This essentially wiped out ~ $1 Billion of the company's market cap. 1.There was no cause for the stock to go down. 2.There was a sudden increase and decrease of shorted shares.

We learn that J&J got a $7.5 Billion loan.
They bought Momenta for $6.5 Billion.
A difference of $1 Billion.

Was the original purchase price supposed to be $7.5 Billion? But because the stock price was manipulated down they paid only $6.5 Billion?

This looks very much like total manipulation. We need the SEC to look into this. They need to investigate the deal - the shorts, GS, J&J and Momenta management.