NBMX - National Boston Medical (was FGRX) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : NBMX - National Boston Medical (was FGRX)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Mr. Fortune who wrote (532)	10/28/1998 7:50:00 PM
From: jhild	of 1286

Well, personally I think that the volume of over 1 million shares (divide by 2), meaning that 500K shares likely may have changed hands is pretty high. Ignoring for a moment the 1.2 million preferred shares that can convert to common at 10:1, there was only 3.5 million shares of common outstanding all together in April. Today's action was possibly a rather significant turn over in ownership. Or it could have been a dumping of shares into the hype of changing the name and the symbol. Another theory could be what may have happened with MTEI - covered shorting of restricted shares, common or preferred even in this case. I think it is time for the company to do a little DD here. Time for some Due Disclosure.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next