the streetsweeper article, page-7

$UNIS - New short article sweeps reality under the rug
$UNIS - Unilife is once again under attack by short groups who are hell bent on getting out of their position. There red flags and OMG references are borderline laughable. They continue to blast the company for its lack of profits, but the company has explained the revenue track and their expectations for when these would occur. They go on to reference lawsuits, one of which was withdrawn by plaintiffs, as huge potential liability. This is completely ridiculous. The shareholder suit which would have potentially had the greatest effect was the one that was withdrawn. The employee suit is still ongoing and I'm sure will be resolved with little to no effect on the ongoing business. Now a new shareholder suit was filed which will have little to no effect as well. The mention of the FDA is also reflects a lack of knowledge on the part of how inspections. When the FDA comes in and does and inspection, they are looking for anything and everything. Its is extremely rare for a company to get a clean report. You are almost alwasy going to get some sort of reported observation and they will report even the most minor of deficencies. So for Unilife to get zero observations shows that they are running an exemplary operation, nothing like what the article suggests. The article then goes onto to highlight the auditors going concern statement. You can find that same statement in most startups and early stage medtech/biotechs. You'll see that statement whenever a company reports less than 1 year's worth of operating cash. Irregardless of the fact that the company has access to its ATM facility to raise cash quickly, they don't take that into account. However, as each short article has shown us, the effect is short-lived. Stock has recovered most of the value it had temporarily lost. Now trading at 4.56 x 4.57. This again proves the longs are firmly in control here.