PLEASE READ BELOW FIRST BEOFRE CLICKING LINK TO THE RESEARCH DONE
The following link is something I wrote about a penny stock ($CANF or “Can-Fite Biopharma”) that, on Dec. 20th, 2021 that shared a press release about phase 2 of their trial, concluding they had successfully managed to “Clear All Cancer Lesions In Liver Cancer Patient” who walked away healthy….
Understandably, the stock gains exactly 100% ($1.26-$2.60) within 4 hours after this news. Then, sinks the rest of the day unable to break the high. Despite inflow > outflow, and 200 Million volume.
the stock as of today, is worth $0.59…
I decided I’d do some digging and found out a hedge fund (Concourse
Financial Group Holdings inc.) started shorting this stock on Nov. 9th 2021 and for some reason they increased their short volume from ~267000 shares to ~413000 shares exactly 1 month before Can-Fite releases this news. Also, found they held massive amounts of shares in companies all involved in the cancer “business”.
I’m sure by now everyone knows how dirty hedge funds are but I break it all down, including terms used, the illegal activities they do, and what could happen to them (I.e during a margin call) and why.
So give it a read if you’re new to investing or just interested in my findings. Any feedback/constructive criticism welcome! Thanks in advance, and hope this helps anyone learn something:
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