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Biotech / Medical : ImmunityBio converts from Immunomedics -- Ignore unavailable to you. Want to Upgrade?


To: End2War who wrote (1059)5/30/2025 2:54:22 PM
From: bobbseytwins2001  Read Replies (2) | Respond to of 1229
 
End2War, Thank you for the first explanations that make some sense to us. The explanation that these are not "directional" trades would explain what appears on the surface to be aggressive short selling, which makes no sense, because the risks of being wrong are potentially astronomical. The convertible debt explanation seems a logical start to understanding this possible arbitrage. We are now somewhat reassured that the fundamentals are still intact, and adding more shares as they continue to improve, especially sales, seems a good strategy. Of course if for any reason IBRX starts a run, short covering will be a huge bonus for longs. We are guessing that something like this happened a few years ago when IBRX exploded to $45+, and then cratered.