|Hi Sultan. Ya, that was the article I was referring to.|
The journalist apparently didn't think to ask the Raymond James analyst if his house had a large short position that would benefit from bad press. Must have been an oversight.
Either someone through Raymond James decided to sell a couple of million shares, or they decided to short the crap out this stock. Either way, it's been bad holding.
They may be able to kill the company, or it may be killing itself with burn rate. May not matter which.
It will take something dramatic to lift it from here, especially if someone through or at Raymond James has a huge short position. If that is the case, I think they'll continue to borrow and short to protect that position.
If it's been insiders or Transamerica, we'll know in time when the Insider Trade reports show up.