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27/08/15
15:06
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Originally posted by Ufan
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Look like the short is putting the finishing touch and putting the nail in the coffin on Unilife. They are looking at the company straight in the face to see who blink first and who's light bulb will be turn off. They dare Alan and the company to do something about it.
All the conditions is ripe for the short. Company have limited revenue, no meaningful commercial product, all the talk of the big time annuity turn to death ear, company continue to burn cash instead of saving it, all the programs are doubtful as the devil is in the contract that no one know about, can not maintain the original agreement with OrbiMed, raising cash and then raising more soon after, no FDA approval, no word on quantify of Unilife Manufacturing line of the Finesse, and the current market condition is a furry hurricane that will cripple a weak company.
They are waiting for the company cash position to be very low and mark the company as insolvent. They are waiting for Unilife to do a massive cash raise, while the SP is super low. I am sure they have written an article about this ahead of time and waiting for the right moment. The longer the company does not response or have anything significant to make their business better, the better for the short. When there is a big rush to sell at any price when Unlife run out of cash or when there is a massive cash raise into the pennies, that is when they will cover.
Pray for all who heavily invest in Unilife because Unilife will need extra live to just have oxygen and maintain life support.
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What is the basis of your outrageous claims? The waiver seems to be a good idea so as to give shorters less information to play with imo...or am I wrong?