CUV 0.68% $14.80 clinuvel pharmaceuticals limited

No, it's just the shorters dropping the price as usual. The only...

  1. 764 Posts.
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    No, it's just the shorters dropping the price as usual. The only news I could see was very positive that Europe EPP patients could receive more implants due to a posology update on the EMA agenda. That would be pretty big. Even best comparison stock in high risk cash burning Disc was up a couple more percent taking their market cap to 1.2 Billion AUD which is equivalent to CUV being about $24. Maybe we should look at it as some sort of compliment that a greedy hedge fund has to monitor and control CUV every single minute of every day for 5 years because they see it as potential high risk for their short position. Clinuvel in turn doing the worlds weirdest share buyback with only 40k shares purchased in nearly 2 months out of a 12 month 1.5 Million share buyback - but I'm sure they will buy 3.5K shares today to sort things out. Going back to the newsletter from 20th March "we have waited for the right moment to strike on your behalf" and also in relation to the buyback "we will keep at it until those who gamble against the Company have understood the message." Time to do better for shareholders with the buyback and mix it up by doing some serious buying, it's frustrating because they actually have the tools in place to stop this constant manipulation at any given moment but they allow it to keep happening.

    All IMO DYOR


    Last edited by Silverchair: 15/05/24
 
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Last trade - 16.10pm 14/06/2024 (20 minute delay) ?
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$14.78
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