It’s happening all over and manipulators trying to destroy companies before they can even prove themselves. Many good biotech companies with big health benefits were destroyed by the shorts sellers who might have been compensated by competition or just pure greed.
“However, market manipulation by short sellers, such as abusive naked short selling and false rumors, whether conducted by short sellers alone or groups of short sellers acting in concert, is also adversely impacting emerging biotechnology companies. BIO member companies support all appropriate SEC regulatory and enforcement actions against market manipulation and illegal short selling activities for all public companies.”
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