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Biotech / Medical : Apricus Biosciences
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To: phoenix_rising who wrote (1610)1/5/2016 2:22:34 AM
From: Mirror Image  Read Replies (1) of 2026
 
Delisted?

It takes 30 trading days of sub $1 closes for Nasdaq to send Apricus a deficiency notice. Once a deficiency notice has been sent, the company has 180 days if the violation was for a sub $1.00 share price.

In order to be compliant, the company's share price must rise above the minimum for at least 10 consecutive days in the 180 day period.

I sincerely doubt "they" are trying to get Apricus delisted. That 450,000 ask @ .99 can easily be taken out by Sarissa ( if they wanted to take it out ).

Aspire?

Apricus cannot sell Aspire any shares under $1.00. So it wouldn't be Aspire benefiting from shares of Apricus directly from the company ( that would not apply to them buying them at the market ).

Short Sellers?

I doubt it's a short seller. But if I'm wrong we shall find out in about 3 weeks ( when the Short sales data comes out for this period ).

I will stick to my guns and say it's accumulation ( via manipulation ). The problem is I think it's going to be hard to find out if in fact it was. I think we are going to see some sort of dilution this quarter and that will show shares held / increased on the Institutional side. This making difficult / inconsequential to determine if in fact it was manipulation with the intent to accumulate or actual selling.

And btw, I agree with you regarding the Forendo video.
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