All we need to know about the CUV share price is it is totally controlled by the hedge fund or investment bank doing the shorting of Clinuvel. Another 30000 fake shares on the latest single day ASIC data is available. Incredible number. Company doing very well fundamentally and with blockbuster phase 3 completion not far off, analyst price targets ~100 - 300% higher than here, best comparison stock in a vastly inferior company called Disc many multiples higher than Clinuvel despite less potential, more risk and enormous insider selling going on at Disc. Yet here we are, shorting and shorters controlling the sentiment of the best financially performing small/tiny Biotech there is. Hopefully we don't hear from the company with their regular announcement about 'shareholders' on forums being the reason for their problems. That is always rather naive and silly to hear when with this amount of daily short interest it is highly likely that most of the aggressively negative posters are not shareholders at all - more likely to be a short seller themselves IMO. Not doing the buyback and allowing this manipulation to keep rolling on to the detriment of shareholders adds to the weirdness. I'm pretty sure buying 1.5 Million real shares and deleting them will make a positive difference to shareholders. In less than two years we have seen the shorting increase by 1.5 Million shares as the share price has declined despite CUV knocking out great profits at ever increasing rates and advancing towards blockbuster Vitiligo. That is 1.5 Million fake sell shares in less than 2 years designed to destroy the CUV share price and sentiment in a tightly held stock with just 50 Million shares on issue. The 1.5 Million REAL share buyback remains almost untouched more than one year in.
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