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nutsyprofessor

01/17/13 7:54 AM

#23428 RE: nutsyprofessor #23427

One other comment Jeff that still no one can explain :)

Why did we have huge buying volume on 9/17-9/18 that drove the price up from $1.50 and topped out at $2.02 with a combined volume of 9.3 million shares?

It wasn't short covering. The short interest reported...
on 9/14 was 3.380 million shares, and
on 9/28 was 3.582 million shares

...now, could it possibly have been due to the Libigel 9th and final safety review that was communicated on 9/4??? It's obviously easy for us and for Simes to say that there was no positive market response to that news BUT what if manipulation by an interested 3rd party was the cause for the delayed response???

Sorry folks but these is still much that is unanswered here and Biosante is still way undervalued and the market response to this stock seems almost unreal to me which tells me that there is a big player controlling the price action until a planned trigger point, aimho.
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Beandog

01/17/13 9:33 AM

#23430 RE: nutsyprofessor #23427

No dillution?

BPAX shareholders own 100% of the company today but will own approximately 47% of the combined company AFTER the reverse split. Not too mention the inevitable issuance of additonal shares after the merger for "general corporate purposes".

Yep. We will own less of the company tomorrow than we do today but I am supposed to feel good about this because Simes said there will be no dillution. Huh?