When I saw THIS post which I’ve copied and pasted below, all I could was laugh:
Hemispherx Biopharma Files $150M Mixed-Securities Shelf >HEBLast update: 6/9/2009 5:15:00 PMDOW JONES NEWSWIRES Hemispherx Biopharma Inc. (HEB) on Tuesday registered with the Securities and Exchange Commission to sell from time to time up to $150 million of common stock, preferred stock, debt securities and warrants. The specialty pharmaceutical company said it intends to use the net proceeds for general corporate purposes. No underwriters were listed in the filing. Shares of the company closed Tuesday at $2.84 each, down 21 cents, or 6.89%. -Denise Jia, Dow Jones Newswires; 202-862-1359; denise.jia@dowjones.com (END) Dow Jones NewswiresJune 09, 2009 17:15 ET (21:15)
This is the company’s not first (that was THIS one at a 30%+ discount to the pumped up stock price), not second (that was this one for a near 50% off sale…the stock was trading at $2+ when it was announced), but third attempt at financing in the last month alone! No doubt they are taking advantage of their PR-created pump (learn how to spot and profit these corrupt companies in my PennyStocking instructional DVDs) that has pushed the stock up exponentially.
Mind you, my TIMalert subscribers & I’ have already taken my 25%+ profits on my small short position at $4.18 ( see that trade/perfect call HERE) because the risk is they could still get FDA approval (although their continued dilution/plundering means the odds of approval keep dropping…biased/crap-track-record medical journals and PRs are meaningless, sketchy financing at 30-50% discounts speak louder than anything this usual suspect and their dumb-as-Vick-odds-ignoring-sucker-zealots) in the coming days…
No, what I’m laughing at is HEB’s SEC filing about the stock offering where they couldn’t even get the date correct…the top says June 9, 2008, the bottom is signed June 9, 2009…a clear sign of their truly awe-inspiring incompetence.
Mind you, I have nothing against pumpers like this, in fact they offer the golden trading opportunities from which my DVD students and I profit. Just like FEED, when they did all their shady financing a while back…before their stock dropped 90%! (Learnnnnn from the past people, see what happened HERE) I’m just sick of all the stupendous misinformation floating around about these things, it’s time somebody did something about it.
Tags: Manipulation
