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Discussion in 'OPKO Renal' started by anonymous, Jun 1, 2019 at 2:37 PM.

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  1. anonymous

    anonymous Guest

    Here's Why OPKO Health Shares Are Crashing 26.2% Today
    Short-sellers are taking aim.
    [​IMG]
    Todd Campbell
    (TMFEBCapital)
    Mar 10, 2020 at 1:34PM
    Author Bio
    What happened

    After short-seller Hindenburg Research posted a series of tweets questioning the future of OPKO Health (NASDAQ:OPK), its shares were down 26.2% at 12:30 p.m. EDT on Tuesday.

    So what
    OPKO Health's BioReference Labs is one of the largest patient testing laboratories in the United States. On March 5, it announced plans to roll out a test for the COVID-19 coronavirus, which sent OPKO's shares soaring. The rapid run-up in its shares prompted Hindenburg Research, a short-seller that's been bearish on OPKO Health since 2018, to reassert its belief that it will trade significantly lower, not higher.

    [​IMG]
    IMAGE SOURCE: GETTY IMAGES.

    Specifically, Hindenburg alleges that OPKO Health's COVID-19 testing news is a pump-and-dump scheme designed to boost shares and potentially force short-sellers to cover. As of Feb. 14, 23.03% of shares available for trading, or the share float, were held short.

    Hindenburg also suggests OPKO Health could use the recent rally in its shares to announce a stock offering to bolster its balance sheet, which has been hamstrung by ongoing operating losses.

    As evidence, the short-seller points out that OPKO Health's founder, Phillip Frost, its biggest shareholder, has been the subject of investigations into similar stock schemes. Hindenburg also cites OPKO's $82 million cash balance as its reason for anticipating a dilutive stock offering.

    As a refresher, Frost is a well-known biotech entrepreneur. His resume includes transforming Key Pharmaceuticals into a major asthma treatment player that was acquired for nearly $800 million by Schering-Plough in 1986; founding IVAX, a major generic drug maker that was acquired by Teva Pharmaceutical (NYSE:TEVA) for roughly $7.5 billion in 2006, and serving as Teva's chairman from 2010 to 2014. Currently, he is OPKO's chairman and CEO.

    The Securities and Exchange Commission filed a suit in September 2018, alleging Frost engaged in pump-and-dump schemes in microcap stocks. Frost settled with the SEC in December 2018, agreeing to pay a $5.5 million penalty without admitting wrongdoing.


    No fake news here, truth be told. It is criminal that he only paid $5.5m the last time without admitting wrongdoing. He won’t get away with it a second time, lol “1,500 test a day“ is the real fake news.
     

  2. anonymous

    anonymous Guest

    Stock closed at $1.95. What a dog.
     
  3. anonymous

    anonymous Guest

    Hang on to your jock straps ladies OPK is rocking, more than doubled since the last post, PF getting ready to screw all the shorts again?
     
  4. anonymous

    anonymous Guest

    Short lived.....give it time to go back to $3.50, PF or no PF!
     
  5. anonymous

    anonymous Guest

    OPKO is not unlike any other small company with a few crooks at the top. They will promise the world, lie straight to your face, work the dog shit out of you, make fake announcements to elevate their stock and then dump it for millions. The small companies like OPKO truly believe that they are small enough to fly under the Justice Department’s radar. Keep good notes/documentation and then report them. Frost should be first in line for his orange suit fitting and his bus ride to his new BIG house retrofitted with a great security system and decorative bars on the windows.
     
  6. anonymous

    anonymous Guest

    Now that Frost has begun to squeeze the shorts, how about squeezing him to fund the 401k? Frost has been a buyer for quite some time, he should have a few sense to pay a few cents to us peons. Come on, do the right thing. We have not had merit increases, a leader, or a future.
     
  7. anonymous

    anonymous Guest

    You’re fighting a losing battle. Save your energy for getting the hell out of here.
     
  8. anonymous

    anonymous Guest

    why would anyone want to leave Paradise?
     
  9. anonymous

    anonymous Guest

    What happened
    Opko Health (NASDAQ:OPK) -- considered a coronavirus stock thanks to its BioReference Laboratories, which has diagnostics products that test for the globe's top health threat at the moment -- closed nearly 13% lower on Friday.

    The apparent cause was the company's Q2 fiscal 2020 results, which clearly disappointed investors even though the healthcare company notched beats on both the top and bottom lines.

    A sell-off is typically the opposite of what happens when a company delivers an estimate-trouncing quarter. With Opko, investors might be concerned that sales of the company's products (as opposed to services) were relatively weak, even though this revenue stream is much thinner.
     
  10. anonymous

    anonymous Guest


    POC testing market heating up. Claros for Covid with be a nice surprise....if it ever works
     
  11. anonymous

    anonymous Guest

    Down again this morning. Must be in response to Biden’s VP choice. Pure politics.
     
  12. anonymous

    anonymous Guest

    No, a little more basic.
     
  13. anonymous

    anonymous Guest

    Absolutely! “IF” they get in office the stock market will tank and so will the economy.
     
  14. anonymous

    anonymous Guest

    The worst P/VP option in history. Sad that those 2 are even in elective office. Lot of dumb voters out there.
     
  15. anonymous

    anonymous Guest

    You just revealed you live in Portland or Seattle. Dumb ass!
     
  16. anonymous

    anonymous Guest

    Stock has had more than 5 days downward momentum. Not good. Everywhere one looks there is no good news to stop the bleeding. Its over.
     
  17. anonymous

    anonymous Guest

    Noe thu furture iz beright.
     
  18. anonymous

    anonymous Guest

    Opko HDQ employers break room is substituting slivovitz for morning coffee again, it’s less expensive to make and helps to make Ilene look more like Gigi Hadid instead of a sack of potatoes.
     
  19. anonymous

    anonymous Guest

    Squeezing the shorts! Frost attempting to build up his account to pay the 401k match?