frog,
I can't argue that the LaJolla deal has resulted in the flood of shares which is reflected in today's pps, but four years ago when traders moved in and began to rape this company is when the damage was done of which today's dilution is the logical conclusion.
The company was forced into the LaJolla deal because of the slow but sure battering down of the pps by traders whose self interests are opposed to those of the DNAP's.
Whatever "dumping" the company has done was done to survive, not to enrich its personnel.
As far as short selling is concerned, I'll give it the benefit of the doubt that it had noble beginnings, with honest and watchful traders who depended on their own educated gut reactions to make their plays, but somewhere along the line, one of its less noble, less able participants decided he could "fix" his position by hiring a few confederates whose job description included doing whatever they could to lower the price of a stock their benefactor was shorting.
Sound familiar?!
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