Aug. 21 at 4:42 AM
$VXRT
If 15 biotech hedge funds started slowing accumulating 5 million shares each at these levels their avg price would be < 50 cents giving them 75 Million shares. Then get more aggressive and each put in a bid for 4 million shares at
$1. This keeps them below threshold 9+ million shares.
15 hedge funds own 135 million shares more than 50% of Co at avg of 75 cents a shares or 150 million mkt of a co with
$450+ mill govt funding. They dispose of BOD, Lo and greedy, shameless incompetent mgmt.
Co easily regains NASDAQ COMPLIANCE and no RS as HFs not going to screw themselves. They institute a share buyback program Instead. Tough stuff . Potential grand slam for HFs getting in at these levels for co with unlimited upside.
FN layup.