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Post by prcgorman2 on Feb 2, 2023 10:10:42 GMT -5
Shkreli's newsletter regarding Druglike. "Druglike also has had some updates including a more rapid time-to-start for screening. Try it out at www.druglike.com. I’m hoping to add molecular dynamics, pharmacokinetics and other simulators to the total package at some point. Other upgrades would include fiat payment, API, and of course, a decentralized compute strategy. One idea is to use webworkers/wasm to bootstrap your own simulation jobs, where you can add your friends’ local compute to your ‘workspace’. A private folding@home. As I’ve said many times, Druglike is not a drug company in any way, shape or form, and the FTC has not suggested it is. Druglike is software and never touches an actual tangible thing, like a chemical or a mouse or god forbid, a prescription medicine. So, what was that news about? My lawyers and I missed a deadline to file a routine update with the FTC and schedule a meeting. That will be done. I’m not in contempt and won’t be ‘in trouble’ over this. Mea culpa. It turns out some people on my team were sick during the response period and there was some telephone tag. Total non-event, but don’t tell that to the media who insists this is somehow ‘news’." When a US federal agency is watching you closely and asks a judge to condemn you, that is bad. It can get worse. Far worse. For our sakes (and possibly even his), I hope it does get worse (for him). I do trust Shkreli though. I trust him to believe himself the smartest person on the planet able to toy with and deceive others with little effort and great gain. |
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Post by longliner on Feb 2, 2023 10:15:26 GMT -5
Focusing on growing the business should of course be the primary focus. That said, a comment or two simply suggesting naked shorting is being reviewed could have a positive effect on the stock price which, in a small way, would contribute to the growth of the business with little effort. If the decision is to continue to ignore the large shorting for such a small company, no worries, the company remains on a good path regardless. I applaud M/C's focus regarding "invest in growth" and his focus on growing the company. I believe a forensic assessment of the illegal short overhang at Mannkind would be worth the investment now. I would not advocate making this suggestion public unless we actually employ a forensic assessment, (The boy who cried wolf comes to mind). Depending on the findings we may continue as we are, or, we may choose to call attention to the illegal activity. The window to investigate shorting may close, SEC may choose to address the problem by preventing companies from making forensic searches or prevent them from taking action on the findings. I doubt they will take any significant action regarding the criminals. If we find significant illegal shares, and respond as GNS has, we may find ourselves at $25. per share in days (as they have, (% wise). This would certainly be the shareholder support we have been looking for from the company. I assume the Mann Group would be interested in this pursuit since Al was subject to the illegal short activity up until his passing. With Shkreli back behind bars, hopefully a margin call would bury him. From a company perspective, it may present an ideal time to raise funds. I really like the idea of carving those funds out of the shorts side. I apologize for mistaking Martin's alleged recent parole violation with "being behind bars". I can only attribute it to wishful thinking. |
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Post by harryx1 on Feb 2, 2023 10:38:41 GMT -5
$GNS currently up ~30%
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Post by casualinvestor on Feb 2, 2023 14:52:45 GMT -5
Shkreli back behind bars? Is that news or conjecture? I’d prefer the former, but I would agree his avarice knows no bounds and he seems incapable of not pushing the boundaries of legal investing, so I can see why there would be conjecture he might get caught in an investigation and enforcement action against illegal naked shorting. As despicable as I assume he and his former mentors are, both Shkreli and Cramer appear to be brilliant and possess above-average intelligence, and large war chests. There are few things I’d like to see more than a take down of those two, but I don’t expect it. "Finally, I’ve been enjoying the video game “Rust”. It’s a very immersive survival game that speaks to my OCD/hoarder nature. I need to quit! For humor's sake, I'll describe Rust this way: A survival game where you start by defending yourself against the wilderness and gathering resources. Later in the game it's more efficient to clan up and pillage resources gathered by other players. |
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Post by akemp3000 on Feb 2, 2023 14:57:32 GMT -5
"Finally, I’ve been enjoying the video game “Rust”. It’s a very immersive survival game that speaks to my OCD/hoarder nature. I need to quit! For humor's sake, I'll describe Rust this way: A survival game where you start by defending yourself against the wilderness and gathering resources. Later in the game it's more efficient to clan up and pillage resources gathered by other players. Nice. That explains why Shkreli might be addicted to this. |
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Post by harryx1 on Feb 6, 2023 15:11:07 GMT -5
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Post by BD on Feb 6, 2023 16:15:44 GMT -5
"Blockchain stock exchange", what a concept. Somehow I don't think the liquidity would be quite the same as it is now, but worth thinking about for sure.
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Post by harryx1 on Feb 8, 2023 10:03:27 GMT -5
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Post by akemp3000 on Feb 8, 2023 10:42:27 GMT -5
Yes! That is one of the most interesting articles I've seen in a long time. Thanks Harry.
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Post by agedhippie on Feb 8, 2023 12:49:03 GMT -5
That is one of the reasons I invest rather than trade. I lack the situational awareness that the big boys have. It's rather like playing a field game and being the only one wearing blinkers.
Over the long term the advantage that the big boys have fades because their timescale varies between short term, and very short term. Nobody is big enough to fix a price in the long term, nor is it in their interest (again, that short term problem). Invest for the fundamentals, don't try and trade unless you enjoy gambling. Do that and dark pools don't matter.
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Post by prcgorman2 on Feb 8, 2023 13:45:43 GMT -5
Scary. Written in Sept. 2021. It would be interesting to see a review of the same information and statistics for 2022. What's changed? It's interesting that there is more obvious investing activism. I'm liking it. |
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Post by JEvans on Feb 8, 2023 15:13:58 GMT -5
Scary. Written in Sept. 2021. It would be interesting to see a review of the same information and statistics for 2022. What's changed? It's interesting that there is more obvious investing activism. I'm liking it. That is some very scary crap. Totally illegal and damaging. But, if any one knows a stock broker, I know a couple of them...... They cheat on thier wives, they say stupid things and in general they act like their above, better, and cooler than everyone else. This is why I do my own trading, I hope they all go to jail for life like Bernie did. Theres no room in this world for these kinds of people.... It makes me sick that hard working people get taken advantage of from the top down! |
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Post by harryx1 on Feb 8, 2023 15:19:15 GMT -5
That is one of the reasons I invest rather than trade. I lack the situational awareness that the big boys have. It's rather like playing a field game and being the only one wearing blinkers. Over the long term the advantage that the big boys have fades because their timescale varies between short term, and very short term. Nobody is big enough to fix a price in the long term, nor is it in their interest (again, that short term problem). Invest for the fundamentals, don't try and trade unless you enjoy gambling. Do that and dark pools don't matter. Maybe your theory works for large caps but small to mid caps are getting torched by these Big Boys and the tools that they have at their disposal. Dark pools, naked shorting and other techniques (some that the public doesn't even know about) are used to kill companies and steal millions from retail investors over the long term. So yes it does matter IMO. The market is no longer transparent, fair & principled. IMO it affects investing more than trading. |
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Post by akemp3000 on Feb 8, 2023 15:21:53 GMT -5
Scary. Written in Sept. 2021. It would be interesting to see a review of the same information and statistics for 2022. What's changed? It's interesting that there is more obvious investing activism. I'm liking it. That is some very scary crap. Totally illegal and damaging. But, if any one knows a stock broker, I know a couple of them...... They cheat on thier wives, they say stupid things and in general they act like their above, better, and cooler than everyone else. This is why I do my own trading, I hope they all go to jail for life like Bernie did. Theres no room in this world for these kinds of people.... It makes me sick that hard working people get taken advantage of from the top down! My former next door neighbor went to work for a major brokerage firm when he was young. After three months of the lying and manipulation, he left saying he didn't want any part of that world. He's now a doctor in Los Angeles. |
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Post by JEvans on Feb 8, 2023 15:35:53 GMT -5
That is some very scary crap. Totally illegal and damaging. But, if any one knows a stock broker, I know a couple of them...... They cheat on thier wives, they say stupid things and in general they act like their above, better, and cooler than everyone else. This is why I do my own trading, I hope they all go to jail for life like Bernie did. Theres no room in this world for these kinds of people.... It makes me sick that hard working people get taken advantage of from the top down! My former next door neighbor went to work for a major brokerage firm when he was young. After three months of the lying and manipulation, he left saying he didn't want any part of that world. He's now a doctor in Los Angeles. It definetly takes a special bread of people to live their life by lieing and manipulating. Thank goodness for people like your neighbor |
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