Hey Mod & others

[kadee79]

Have you seen this?  Is this our OPK?

Phillip Frost, the founder of Miami-based OPKO Health and the namesake of the Phillip and Patricia Frost Museum of Science, has been charged with securities fraud.

According to the U.S. Securities and Exchange Commission, from 2013 to 2018, Frost and nine other investors manipulated the share price of the stock of three unnamed companies "in classic pump-and- schemes." In such schemes, an investor purchases stock, promotes the company without disclosing his ownership interest to inflate its value, and then sells the shares as the value rises.



Publicly held OPKO Health was also named as a defendant in the SEC's complaint. Trading in shares of the pharmaceutical firm was halted Friday afternoon, but after-hours trading showed an 18 percent decline in OPKO shares.

OPKO released a statement late Friday that said, in part, "OPKO and Dr. Frost have always prided themselves on adhering to the highest standards of financial disclosure, and they are confident that once a proper investigation is completed and the facts of the case have been fully disclosed, the matter will be resolved favorably for them."

www.msn.com/en-us/news/crime/phillip-frost-miami-science-museums-namesake-charged-with-securities-fraud/ar-BBN1FYt?li=BBnbfcL

[ModE98]

WOW!  We will have to see how things turn out.  Glad I disposed of OPK stock.  All high income holdings now.  

[kadee79]

I still have a few shares, but not many...like maybe 20 or 30, I'd have to look.  But I didn't pay much for mine either.