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Biotech / Medical : Immunomedics (IMMU) - moderated
IMMU 40.95-4.7%3:59 PM EDT

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To: rodneyh07 who wrote (45914)4/26/2018 3:40:12 PM
From: idahoranch16 Recommendations

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There is little doubt in my mind that the 10 million shares of warrants that expire in Nov (If memory serves me) at $3.75 were shorted and are going to be there until expiration. But that leaves a lot of shorted shares unaccounted for. Some could be associated with the $100 million financing (convertible bonds) where 80% have been redeemed, so $20 million worth still out there for a couple more years. Then there are the shorts who are simply short and that’s the unknown. Personally, the more of the number that are those, the better. There will be a day of reckoning for those in the not to distant future and that will be a fun day for us. Could be a couple of months or could be on AA.

I don’t concern myself with the shorts anymore because I firmly believe we have a management team in place that is going to tranfer the pain of owning this stock from us, to them.
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