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Biotech / Medical : Organovo (ONVO)
ONVO 2.360-12.6%Nov 3 3:59 PM EST

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To: Glenn Petersen who wrote (115)12/2/2013 6:24:40 PM
From: y2kate  Read Replies (1) of 171
 
Thanks Glenn, we were discussing this on Trader J's thread. The gist is, it the company is planning to buy back shares from employees to cover their tax withholding burden, but any use of cash for this purpose will reduce shares outstanding; therefore, it is a neutral event. What are your thoughts on it? The shorts have been making hay out of it...

ONVO has two events coming up--the Retail Investor Conference on 12/5 and the presentation at the Oppenheimer Healthcare event on 12/10-12-11. Good press will ensue, maybe even real news...?
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