seller keeping a lid, page-14

Yes, very nice, but holders of BTA had to withstand an attack of shorters and market manipulators who smashed the SP from around $1.50 to well under a dollar, which happened only weeks before the announcement. They behaved as if they had "inside information" about a rejection of the anticipated deal, when in actual fact they were accumulating. I accumulated along with them and did nicely. I believe biotechs are increasingly rife with this sort of activity from those with "market maker" power.