Jalsa4Life

$sava price momentum is from Longs buying, not shorts covering / SEC settlement incoming A lot of churn has happened with FTDs and the Threshold list with $sava. We saw that shorts added 6m shares short on the indictment of Dr. Wang, then the notice from the company about departure of the CEO. Since then we have seen a sharp rise in the price under the new management team. I am seeing zero indication that the sharp rise is coming from shorts covering. Cost to borrow rate is still 50%+. If there was large covering, that would plummet. My conclusion is the price increases are from Longs Adding and New Buyers entering. I think this is bullish for the stock because 19M short shares under the stock is massive buying pressure that will have to buy at some point. Downside is also limited because the shorts do not have many shares that they can borrow and short to suppress the price. I do see them dumping 15-40k shares they find to borrow on the market to push the price down, but the price just inches up with buyers. Each day they do that, but we seem to trade up after their selling pressure. Lets hope the trend continues. The big catalyst remains the Phase 3 data in December and the pending SEC settlement. I think most market participants will see the settlement and wonder why the SEC bothered pursuing them so hard for minor bad decisions. I think the stock will rally post settlement. It could come any day... Last time the settlement was rumored the stock rallied to $53... an actual settlement could rally even higher.

$sava has been on the threshold list since 8/5/24. I confirmed the @ortex data with Nasdaq's archive records. The 13 market day is when the dealers are forced to buy shares to settle. This would be August 21st, but August 22nd will be the 14th day that I think they would have to trade and deliver. The way I am looking at these FTDs, the July 31 ones were 970k shares at $17.57. If the broker dealers still hold those, they are underwater by 970k*(28.39-17.57)=$10.5m. These shares should have all been purchased on 7/31. It is total BS that dealers are holding back from buying shares when they are supposed to settle. 1m shares bought would dramatically move the stock higher. It is total BS that they can just time those buys as they please until day 35 or after being on the threshold list for 13 days. On August 5th we spiked to $42, so these numbers are before the serious spike or volume. FINRA must identify these dealers and take the remedies outlined by RegSho: 1. Restrictions on Short Sales: If a stock remains on the threshold list for an extended period, additional restrictions may be placed on short selling that stock. For example, the broker-dealer might be required to pre-borrow shares before executing a short sale. 2. Penalties for Non-Compliance: Failure to comply with the close-out requirements can lead to penalties, including restrictions on the broker-dealer's ability to execute short sales in that security and other regulatory actions. Submit your complaints here: finra.org/investors/need-hel… We can also call the senior hotline here: Call 844-57-HELPS (844-574-3577) Monday – Friday 9 a.m. – 5 p.m. Eastern Time