HEB, Hemispherx Biopharma (AMEX)NEW Message Board

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Biotech / Medical : HEB, Hemispherx Biopharma (AMEX)NEW

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To: Bleeker who wrote (317)	9/19/1998 12:46:00 PM
From: Arcane Lore	of 857

"Biotech firm alleges 'illegal' short-selling of stock" "Shares of a small Philadelphia biotechnology company fell sharply yesterday as the company alleged that market manipulators were trying to undermine its stock by deriding a drug it is testing to treat chronic fatigue syndrome." "In a statement, Hemispherx BioPharma said "illegal shorting" of the stock -- in which option traders, in effect, place bets that a company's share price will fall and benefit when it does -- "was orchestrated in conjunction with a purposefully erroneous and misleading report" published Thursday in the Sept. 28 issue of Business Week. The Center City company said it had reported its allegations to the Securities and Exchange Commission and the American and Nasdaq Stock Exchanges." The full article by Jeff Gelles, Philadelphia Inquirer staff writer is at: phillynews.com:80/inquirer/98/Sep/19/business/HEMI19.htm

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