Disclosure: I am long NAVB. I am a proud supporter and private investor of Navidea Biopharmaceuticals (NYSEMKT:NAVB). I wrote this article myself, and it expresses my own "opinions". I am not receiving compensation for it.
Yesterday an article was published presenting investment due diligence and analysis of Navidea Biopharmaceuticals (NAVB) by an acknowledged short, GEOINVESTING. Based on the disclosure noted: "Disclosure: I am short NAVB. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article. It was very apparent GEOINVESTING has no "business relationship with any company whose stock is mentioned in this article." It is my "opinion" and I am quite certain Navidea Biopharmaceuticals (NAVB) would have absolutely zero to do with any entity or individual doing business in such a fashion. It is my "opinion" the article is certainly not a brain trust of accurate due diligence. It is my "opinion" it is very apparent however that GEOINVESTING had a self serving agenda when writing the article. Platinum-Montaur Life Sciences LLC, Navidea's single largest shareholder was quick to point out in a press release the same day that "Montaur also wishes to correct an inaccuracy regarding its investment in Navidea that was contained in an article posted earlier today on the Seeking Alpha investor website. The article indicated that Montaur had sold 3 million shares of common stock of Navidea on November 27, 2012. In fact, Montaur converted the 3 million shares of common stock back into shares of Preferred Stock of Navidea, paving the way for Montaur to exercise the Series W warrants. On a fully diluted basis, Montaur continues to hold a position that represents over 42 million shares of Navidea common stock". The comments section of said article was rife with comments pointing out the numerous inaccuracies, errors and omissions, including one by myself. DDBuyer supported by his linked web site was also quick to point the same. To the credit of Seeking Alpha, a second rebuttal article was published today by Bio-Wires Brian L. Wilson, refuting the numerous inaccuracies "to be kind" of GEOINVESTINGS "opinion". Unfortunately, Heads the damage was done and Tails GEOINVESTING has not come forth with any admissions they were wrong or any correction of their misstatements. In my "opinion" they have crawled back under the rock from which they came. A headline when doing battle with a comments section will always win the battle. In this case however it is my "opinion" that in time Navidea, its investors and those who were quick to make contrary comments to the "opinion" article will indeed win the war. In my "opinion" it is tough if not impossible to fight from under a rock. In my "opinion" it is tough if not impossible to win when the light of truth is shown down upon the underbelly of deception, put forth as "opinion". That is my "opinion" and I'm sticking to it.
Disclosure: I am long NAVB.