Potential Short Squeeze crowdfunding site

[mssciguy]

Desperate times call for desperate measures   This came out of a conversation on stocktwits

[neil36]

KBIO was trading for under a dollar and has a float of less than two million shares.  Buying up the float involved a couple million dollars.  In Wall Street terms, that is easy manipulation.  

As much as I'd love to see it, buying up the entire float of 270 million shares would require hundreds of millions of dollars. That puts it in an entirely different league than KBIO. 

[fedakd]

I'm in for sure. What if everyone kicked in $100?

[jeremg]

This seems like a great way for retails to lose more money in one fell swoop. Hedge Fund manager needs a new G5(!) and I for one am not interested in funding this cause. I hope this thread is just light humor.

[yogimatthew]

Jeremg: Can you please expound? I am not disagreeing. I am just curious

[mindovermatter]

Ok, this site just jumped the shark.

[ricguy]

Dec 4, 2015 14:27:53 GMT -5 neil36 said:

KBIO was trading for under a dollar and has a float of less than two million shares.  Buying up the float involved a couple million dollars.  In Wall Street terms, that is easy manipulation.  

As much as I'd love to see it, buying up the entire float of 270 million shares would require hundreds of millions of dollars. That puts it in an entirely different league than KBIO. 

Agree on the float for sure.

[jeremg]

Dec 4, 2015 14:32:50 GMT -5 yogimatthew said:

Jeremg: Can you please expound? I am not disagreeing. I am just curious

Well I simply think this idea is completely nonsensical if not impossible, retails could not cause a squeeze. Any accumulation that is currently taking place on the retail end is simply padding the pockets of "shorts" further. Until we have accumulation on material news, new money will just sweeten the pot for the next raid; this has been the case time and time again as we've reached new lows despite every previous low being a "great deal!".

[poodlebytes]

Romantic gesture but very doubtful will / could happen. Martin hates MNKD so he won't be a 'saviour' and the 30-or-so willing peeps here on ProBoards won't make a dent.

Personally, I'd like to know why the real money hasn't taken a cue from Martin gobbled the float up - things maybe worse than I want to believe?

[jeremg]

Dec 4, 2015 14:50:49 GMT -5 poodlebytes said:

Romantic gesture but very doubtful will / could happen. Martin hates MNKD so he won't be a 'saviour' and the 30-or-so willing peeps here on ProBoards won't make a dent.

Personally, I'd like to know why the real money hasn't taken a cue from Martin gobbled the float up - things maybe worse than I want to believe?

Billion Dollar question here, we may all be living behind Rose-colored plexiglass when you consider the lack of a SNY buy-in or significant accumulation.

[cathode]

PROHIBITION AGAINST MANIPULATION OF SECURITY PRICES
SECTION 9.
(a) It shall be unlawful for any person, directly or indirectly, by the use of the mails or any means or instrumentality of interstate commerce, or of any facility of any national securities exchange, or for any member of a national securities exchange
(1) For the purpose of creating a false or misleading appearance of active trading in any security other than a government security, or a false or misleading appearance with respect to the market for any such security, (A) to effect any transaction in such security which involves no change in the beneficial ownership thereof, or (B) to enter an order or orders for the purchase of such security with the knowledge that an order or orders of substantially the same size, at substantially the same time, and at substantially the same price, for the sale of any such security, has been or will be entered by or for the same or different parties, or (C) to enter any order or orders for the sale of any such security with the knowledge that an order or orders of substantially the same size, at substantially the same time, and at substantially the same price, for the purchase of such security, has been or will be entered by or for the same or different parties.
(2) To effect, alone or with 1 or more other persons, a series of transactions in any security other than a government security, any security not so registered, or in connection with any security-based swap or security-based swap agreement with respect to such security creating actual or apparent active trading in such security, or raising or depressing the price of such security, for the purpose of inducing the purchase or sale of such security by others.

Securities and Exchange Act of 1934

[mssciguy]

Dec 4, 2015 14:27:53 GMT -5 neil36 said:

KBIO was trading for under a dollar and has a float of less than two million shares.  Buying up the float involved a couple million dollars.  In Wall Street terms, that is easy manipulation.  

As much as I'd love to see it, buying up the entire float of 270 million shares would require hundreds of millions of dollars. That puts it in an entirely different league than KBIO. 

Apparently there is some covering in process lately, share lending interest rate has dropped, shares being returned.

[liane]

I am locking this thread.