Seeking Alpha

Well, so much for the uplisting

  • Shareholders of nano cap Provectus Biopharmaceuticals (PVCT -17.8%) have had a rough ride since its debut on the NYSE MKT exchange last Friday. Shares peaked at $3.75 but quickly reversed and bottomed today at $1.55 on a 5x surge in volume. This represents a 59% smackdown in just a few days. It appears that there are some doubters about its prospects.
  • Bears include The Street's Adam Feuerstein who is skeptical that the FDA will grant BTD status to the company's lead product PV-10 and SA Contributor The Pump Stopper who questions everything about the company including its 4-person-strong workforce, the questionable track records of its executives and its relationship with paid stock promoters.
  • Retail investors should stay on the sidelines with this one until these issues get clarified.
Comments (23)
  • Heefcleeve
    , contributor
    Comments (33) | Send Message
     
    "Well, so much for the uplisting". Says who? Is this a joke?
    21 May, 12:24 PM Reply Like
  • jfreeman
    , contributor
    Comments (11) | Send Message
     
    Heefcleeve, are you long/strong PVCT?
    21 May, 12:28 PM Reply Like
  • ComputerBlue
    , contributor
    Comments (771) | Send Message
     
    "Retail investors should stay on the sidelines with this one until these issues get clarified." - And we take this advice from? SA should attach a name to recommendations regarding stock positioning.
    21 May, 12:32 PM Reply Like
  • RoscoeG
    , contributor
    Comments (5) | Send Message
     
    .......How long have you had this hit piece waiting for a sensitive time to publish?
    21 May, 12:34 PM Reply Like
  • holydawn
    , contributor
    Comments (133) | Send Message
     
    wow, this is a ridiculous post giving an opinion designed to enable shorts. Seeking Alpha is the poster?
    21 May, 12:36 PM Reply Like
  • joelkatz
    , contributor
    Comments (462) | Send Message
     
    Am I allowed to doubt (if/)that SA editors are short on PVCT?
    21 May, 02:01 PM Reply Like
  • ComputerBlue
    , contributor
    Comments (771) | Send Message
     
    I'd be to say they are definitely playing this one or involved in some manner. No disclosure on their negative remarks.
    21 May, 02:03 PM Reply Like
  • joelkatz
    , contributor
    Comments (462) | Send Message
     
    Wow this would give SA another chance to be smacked by Barron's
    21 May, 02:08 PM Reply Like
  • ComputerBlue
    , contributor
    Comments (771) | Send Message
     
    bet*
    21 May, 02:36 PM Reply Like
  • drewski081979
    , contributor
    Comments (2) | Send Message
     
    Why is Feueueueueurstien out to get this one?
    21 May, 05:51 PM Reply Like
  • drewski081979
    , contributor
    Comments (2) | Send Message
     
    why is feueueueueurstien so against this stock?
    21 May, 05:51 PM Reply Like
  • Mongoose7916
    , contributor
    Comments (228) | Send Message
     
    Because he can.
    22 May, 12:39 PM Reply Like
  • MichaelJ8
    , contributor
    Comments (638) | Send Message
     
    these guys have the power to bring a stock down almost 50% in one day..... something needs to be done about this.
    21 May, 06:19 PM Reply Like
  • nicothefrenchy
    , contributor
    Comments (58) | Send Message
     
    These guys know that it's laissez faire at the SEC. They can organize great bear and smear campaigns in all impunity.
    21 May, 07:35 PM Reply Like
  • troinc
    , contributor
    Comments (2) | Send Message
     
    I agree, SEC must have something else to do besides stop this routine market manipulation. I've been burned twice now on the same stock and it still the same people bringing down the stock except now SA has jumped on the bandwagon.
    21 May, 09:01 PM Reply Like
  • evilbarbie
    , contributor
    Comments (64) | Send Message
     
    So much for the article SA put out saying how they are going to try to clean up their act and not allow this type of activity.
    22 May, 02:04 AM Reply Like
  • Professorredbag
    , contributor
    Comments (36) | Send Message
     
    I am of the opinion that the editors "should stay on the sidelines" - permanently, doing a better job of editorializing. Investors with a conscience are repulsed by Feuerstein, Stopper, and their ilk. Shorting stocks is a legit strategy, obviously; orchestrating other less aware investors with lies, slanted information, and nothing short of malice is not.
    22 May, 04:11 AM Reply Like
  • Colin Caomin
    , contributor
    Comment (1) | Send Message
     
    The difference between Jordan Belfort and Adam Feuerstein and the unknown coward the wrote the piece for Seeking Alpha is at least the SEC took away Belfort license and he's an admitted con man. Feuerstein is a hit man for some trading entity but SEC has received hundreds of complaints about him. Consider his boss Jim Cramer doles out bogus information every night for years on CNBC yet nobody hold him accountable???? Jon Stewart had him on the Daily Show and berated him for his "buy Lehman Bro." call a month before it collapsed. Jim Cramer is a cartoon charterer, I have made money consistently shorting Cramer stock picks. It says so much about our society that if one hangs a press card around your neck and it seems you can say just about anything with impunity from SEC. Sad indictment of our watchdog in DC. I'm neither long/short PVCT but there is no difference between these long Island boiler rooms pump and dump shops and Seeking Alpha and Adam Furenstein on Street.com
    22 May, 04:12 AM Reply Like
  • evilbarbie
    , contributor
    Comments (64) | Send Message
     
    This release is such a joke. $PVCT is ringing the opening bell at the NYSE this morning. And standing on the podium with them will be PFIZER!!!! Does anyone really think that Pfizer is involved with something being called a pump and dump scheme? Or that Pfizer would be putting themselves out there to be set up for humiliation and ridicule. If everyone would just do their own DD on the scientific merits of the drug and the compassionate use data that is out there you would see how amazing this drug is. No it is not a cure for cancer, but it is curing 51% of those being injected. NO side effects or damage to surrounding tissue. I would challenge ANYONE to come up with another drug out there with this success rate.
    22 May, 04:33 AM Reply Like
  • Japippy@Aol.Com
    , contributor
    Comments (31) | Send Message
     
    Certainly sounds to me like there should be some more in depth verification of claims either for or against a company before a publication can come out and either destroy it or enhance it. And why don't the put the author's name? That in itself might just be a slight deterrent to some individuals who would otherwise publish a lot of nonsensical information for his/her benefit.
    Jim
    22 May, 09:02 AM Reply Like
  • rickcrickc
    , contributor
    Comments (16) | Send Message
     
    I make a recording of the NYSE open every AM. YES, much to my amazement, they were there when I checked. PVCT in big letters on the podium.

     

    Evil Barbie was right ! Engineers check it out. WOW. (& thanks)
    22 May, 01:05 PM Reply Like
  • drmoose00
    , contributor
    Comments (26) | Send Message
     
    in the end, good advice....
    23 May, 02:43 PM Reply Like
  • Japippy@Aol.Com
    , contributor
    Comments (31) | Send Message
     
    I'm far from being considered a professional investor. I guess a better description would be that I am a casual investor but have been for roughly 27 + years.
    I am a retired loan officer for a New Jersey company specializing in the automotive field, primarily .
    My expertise in the field of investing would be that when I started out in the area of investing in stock I used a very knowledgable broker from a well known brokerage firm and although I spent a lot more back then for trading, it was a series of lessons which made this so called hobby, very profitable to me. A couple f years of training and good common sense is all I have going for me but so far so good.
    Jim Petersen
    24 May, 11:19 AM Reply Like
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