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MW is short $INO. Stock ramped on hype around Covid vaccine. A recent court decision against INO makes it clear that INO lacks manufacturing capacity to get remotely near purported goal of 1 mm doses in ‘20 & 100 mm in ’21 1/ drive.google.com/file/d/1K4wnKD…
$INO sued its primary supplier, VGXI, for a temp injunction to force transfer of manufacturing technology to ~10 manufacturers. VGXI refuses to transfer the technology. Absent transfer, capacity doesn't exist. Injunction denied. 2/ drive.google.com/file/d/1izYYO5… drive.google.com/file/d/167XCaC…
We cannot forsee $INO competing w/ the 5 Operation Warp Speed vaccine candidates. (INO is NOT one of the candidates.) At best, INO either has to wait for final judgment (likely too long) or pay VGXI money INO likely doesn’t have. Our favorite part of temp injunction decision 3/
Our second favorite part of the litigation file - $INO VP Rob Juba telling VGXI to “Prepare for incoming Inovio bullshit” w/r/t Covid vaccine order 4/
Recall that @CitronResearch compared INO to Theranos and called it “one of the longest running and most blatant stock promotion schemes ever witnessed by Citron”. We concur. citronresearch.com/wp-content/upl…
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