Re: How did the Shorts sell Provenge, an asset they never owned?
If dndn board really cared about the value and raising the pps they could have called in the outstanding shares and issued new stock certs or a sole underwriter to issue shares back into the public.(just like an IPO).But they didn't.
You know,TASER founf out through a proxy some years ago when the share count exceeded the number of shares issued.Imagine that.You take a company public and issue 50 million shares teh day of IPO,do no secondaries ever,have a proxy and the count comes in with 10 or 20 million more shares that was never issued.Some bastards got fat off this whole market make believe scheme.Just remember until you die.....retail will always be a peon and get screwed the longer you stay in the market.You will win along the way,but sooner or later your profit will be stole on another sure thing.Much like denderon.