Jun. 30 at 11:56 AM
$PHIO It will be interesting to see how many people are fooled by Bob’s
$9900 splurge to buy 10000 PHIO shares. I hope its not too many! Let’s look at the logic of why this is bearish. First, Bob already owns 421,421 shares so an extra 10000 is chicken feed. Second, given PHIO has strict insider trading rules, it establishes that he doesn’t have any market valuable private information. Its always a bit sketchy as to what constitutes market valuable information, but I assume it would include things such as the date when the statistical analysis is finished, details of any statistical analysis being undertaken and dates or details of any future discussions with the FDA. So true market moving information is a way off. Third, if big market moving information was in the pipeline that he knows about its hard to see why he would be so worried about the price falling under
$1 as there is a 30-business day window from the 25th of June when it closed below
$1. That takes us until about 3 August.
