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Genelabs Technologies (MM)

Genelabs Technologies (MM) (GNLB)

1.29
0.00
(0.00%)
Closed March 29 04:00PM
0.00
0.00
(0.00%)

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Key stats and details

Current Price
1.29
Bid
0.00
Ask
0.00
Volume
-
0.00 Day's Range 0.00
0.00 52 Week Range 0.00
Previous Close
1.29
Open
-
Last Trade
Last Trade Time
Average Volume (3m)
-
Financial Volume
-
VWAP
-

GNLB Latest News

No news to show yet.
PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
10000000CS
40000000CS
120000000CS
260000000CS
520000000CS
1560000000CS
2600000000CS

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GNLB Discussion

View Posts
PremierStocks PremierStocks 15 years ago
LOL...I lost track of this sucker myself,,,,,DOH!!!!!!!!!!!!
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roheex roheex 15 years ago
found this yesterday on stockcharts scan.

didn't buy yet, its up 440% today.

talk about unlucky.
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PremierStocks PremierStocks 16 years ago
I think so..Had buy in at 53 but took it off

Wanna watch it a little bit first
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wesley_ wesley_ 16 years ago
nice! will she run?
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PremierStocks PremierStocks 16 years ago
She could be RUNNINGGGGGGGGGGGGGGG

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PremierStocks PremierStocks 16 years ago
Upgrades & Downgrades History
UPGRADES & DOWNGRADES HISTORY
Date Research Firm Action From To
13-Aug-08 Susquehanna Financial Upgrade Neutral Positive
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PremierStocks PremierStocks 16 years ago
Genelabs Technologies Inc. made Frederick Driscoll its president and chief executive officer.

Driscoll, the Redwood City company’s chief financial officer, had been sharing the CEO post with Irene Chow, Genelabs’ executive chairman. Genelabs (NASDAQ:GNLB) seeks drugs for infectious diseases, particularly hepatitis C.

Chow and Driscoll have been running the company together since Jan. 29, when James Smith quit as president and CEO.

Form 8-K for GENELABS TECHNOLOGIES INC /CA

4-Sep-2008

Change in Directors or Principal Officers, Financial Statements and


Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(b), (c), (d) and (e): Genelabs Technologies, Inc. ("Genelabs" or the "Company") has appointed Frederick W. Driscoll, 57, as the Company's President and Chief Executive Officer, effective as of September 2, 2008. In connection with Mr. Driscoll's appointment as President and Chief Executive Officer, Irene
A. Chow, Ph.D., who has served as the Company's acting principal executive officer, has relinquished this position. Dr. Chow will continue to serve as the Company's Executive Chairman of the Board. The Company also increased the size of its board of directors (the "Board") from five to six members, and Mr. Driscoll was appointed to the Board, effective as of September 2, 2008. Mr. Driscoll will serve until the 2009 annual meeting of the Company's shareholders. As an employee director, Mr. Driscoll is not an independent director within the meaning of the independent director standards of the Securities and Exchange Commission and the Nasdaq Stock Market, and as such he will not serve on any of the current committees of the Board. Mr. Driscoll has served as Genelabs' Chief Financial Officer since October 30, 2007 and has been sharing principal executive officer responsibilities with Dr. Chow, the Company's Executive Chairman, since January 29, 2008. He will also retain his role as Chief Financial Officer. He has more than 30 years of financial management and operational leadership experience in the biotechnology and medical device industries. Prior to joining Genelabs, from October 2006 to October 2007, Mr. Driscoll served as Chief Financial Officer of Astraris, Inc., a start up biotechnology company developing vascular disrupting technology to treat solid tumors. From October 2000 to June 2006, he was employed by OXiGENE, Inc., a publicly-traded biotechnology company, initially as Vice President Finance and Operations and subsequently as President and Chief Executive Officer. During his tenure at OXiGENE, Mr. Driscoll built strong relationships with institutional investors, investment banks and research analysts and successfully recapitalized the company through private and public financings, enabling the company to advance its lead oncology investigational drug CA4P (now known as ZYBRESTAT) from Phase 1 to Phase 3 clinical development. Previously, Mr. Driscoll served as Senior Vice President of Finance and Operations for Collagenesis Corporation and Vice President-Finance for Instrumentation Laboratory. Pursuant to the terms of Mr. Driscoll's offer letter executed on September 2, 2008, Mr. Driscoll will receive an initial base salary of $32,083.34 per month (equivalent to $385,000 per year). Mr. Driscoll also will be eligible to participate in the Company's Annual Bonus Plan, for which his targeted bonus level for 2008 will be prorated 8/12 at his former target of 35% of base salary and 4/12 at his new target of 45% of base salary, taking into account performance criteria. Furthermore, Mr. Driscoll has received a grant of options to purchase 230,000 shares of the Company's common stock under the Company's 2007 Omnibus Stock Incentive Plan. The description of the offer letter is qualified in its entirety by the full text of the offer letter, which is filed with this Current Report on Form 8-K as Exhibit 10.01. As a full-time employee, Mr. Driscoll is eligible to participate in the Company's standard employee benefit programs, including health, life and short- and long-term disability insurance, flexible benefits, Employee Stock Purchase Plan (ESPP) and 401(k) tax deferred savings plans. Mr. Driscoll's employment will continue to be "at will". A copy of the press release issued by the Company announcing the appointment of Mr. Driscoll is filed with this Current Report on Form 8-K as Exhibit 99.01 and is incorporated herein by reference.



Item 9.01. Financial Statements and Exhibits
(d) Exhibits

Exhibit
Number Description
10.01 Offer Letter Entered into between Genelabs Technologies, Inc. and
Frederick W. Driscoll, dated September 2, 2008

99.01 Press Release of Genelabs Technologies, Inc., dated September 3, 2008
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PremierStocks PremierStocks 16 years ago
YOU peeps should WAKE UP!!!!!!!!!!!!!!!!!!!

This thing looks like it may be rockin!!!!!!!!!!!!!!
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rottenapple rottenapple 18 years ago
GNLB is off the short list.
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skeptic0 skeptic0 18 years ago
Thanks! Very Interesting. It's kinda what I thought all along.

Hoping to get Nasdaq Compliance News Soon. Do you have a target date? GLTY
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rottenapple rottenapple 18 years ago
skeptic0....Here is a must read & watch for everyone. It's about an hour long but it is more than worth the time spent. It's an eye-opener that will boggle your mind. Take the time and listen to it all.

You'll be glad you did!!!

http://www.businessjive.com/nss/darkside.html

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skeptic0 skeptic0 18 years ago
Well now we know why they brought it down so low. The $9M private placement today. I still call this insider trading. Imagine if we knew they were working on this type of deal. At least I didn't sell at the bottom today. I was almost ready to throw in the towel and take a loss.

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skeptic0 skeptic0 18 years ago
This is ridiculous. They are bringing it down just to let a institution(s) in. No wonder there's so many Naked Shorts. I bet it's the institions buying right now. What a manipulation that is occurring. I wish the Naked Shorts would beging to get a mandatory fine per day. Shorting I don't have a problem with but this is way beyond that.

When do you think the Nasdad Compliance issue will be resolved?





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rottenapple rottenapple 18 years ago
skeptic0.......... make sure you click on View Full Notice

http://www.nasd.com/RulesRegulation/NoticestoMembers/2006NoticestoMembers/NASDW_016329

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rottenapple rottenapple 18 years ago
I called GNLB yesterday and talked to Mr. Smiths secretary. She said they never received my email and that it probably went into the spam folder.

I sent it again, to the secretary this time, and we stayed on the phone until she received it. My phone number was included. I was told someone would get back with me but as of yet, no one has.

I'm sure they're busy so hopefully I will hear from then by the early part of next week.
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skeptic0 skeptic0 18 years ago
Thanks for the Read. It was very informative. Keep posting. I would like to hear the outcome of this June 20th meeting.

++On June 20, the U. S. Senate Judiciary Committee convenes a hearing on "short selling activities of hedge funds and independent analysts." No witness list is yet available, but may include the hedge funds and prime brokers named in the Manhattan class actions. The Committee may also invite (or subpoena) DTCC, SEC, NASD, NYSE and SIA. ++

I also see the shorts are still manipulating GNLB like crazy again. No reason that this went down to $1.50 today.






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rottenapple rottenapple 18 years ago
This is something everyone should read to understand how bogus the "Regulation SHO" truly is. The SEC adopted this rule to protect shareholders and yet they don't even make an attempt to enforce it!

What's worse is the FTD's pre-2005 seem to have been wiped off the books, letting brokerage firms off the hook for million upon millions of dollars. That was our money! The big brokerage firms have been given a license to steal by breaking laws that are not enforced. The SEC, DTCC & the brokerage firms involved are freaking jokes and all 3 should be charged with the RICO act!!!

06/16/2006 12:00:00 AM Phantom' stock shares lead to civil suit,Two class action lawsuits filed by hedge funds in Manhattan federal court indicate major problems in U.S. stock markets. The hedge funds blame big brokerage firms for failing to deliver shares of stock "sold short" by the hedge funds. The problem: buyers who paid for shares didn't get the stock, but don't know it.
The hedge funds - Electronic Trading Group LLC and Quark Fund LLC - say they were swindled by their "prime brokers," including Merrill Lynch, Banc of America Securities, Goldman Sachs, Lehman Brothers, Citigroup, Bear Stearns and Morgan Stanley. ETG and Quark allege their prime brokers conspired to charge very high fees for securities lending services and to fail-to- deliver (FTD) shares required by law for "short sale" purposes.

In separate suits, ETG and Quark allege the conspiracy also defrauded other hedge funds in the same way over a period of years. They ask the court to certify a class of all such hedge funds so all may recover damages.

The prime brokers may implicate the hedge funds in the FTDs. But filing of the suits is unlikely unless many shares sold remain undelivered.

If that is true, many buyers have paid for shares they never received from short-selling hedge funds. Some of these buyers have resold the shares to others, not knowing they had no shares to deliver. Hedge funds have billions in assets and are active traders. The number of "phantom" shares may be very large.

How this could occur in the heavily regulated U. S. securities markets is unclear. SEC regulations require shares to be delivered within three days after trade (T+3), when funds are paid (cleared) and shares delivered (settled). Most clearing and settling is done through Depository Trust & Clearing Corp. (DTCC), a private firm organized and controlled by the securities industry.

SEC regulations permit shares to be "sold short" only if the seller has access to borrow shares and does so after the sale, meeting the T+3 deadline. The hedge fund suits allege that DTCC clears funds to short sellers without actual delivery of shares, and that the prime brokers have exploited this flaw in procedures to create many FTDs.

Evidence shows T+3 often is not met. Regulations allow the seller to be "bought in" by the receiving brokers if delivery is not made within ten days after the trade. But the hedge fund plaintiffs say brokers seldom do this when large hedge fund clients are involved.

DTCC has been asked how many FTDs are occurring, but refuses to disclose FTD data, either for particular companies or for the general market, citing concerns for possible trading volatility.

Despite its professed fears of trading volatility if FTD data is known by the public, DTCC says FTDs are minor matters. But DTCC frequently uses discretion to transfer pending FTDs to private brokerages involved for resolution "ex-clearing" among them. The number of FTDs in ex-clearing is unknown to the public.

Issuersof shares affected by FTDs have complained to DTCC regarding its failure to enforce the "buy in" rule to cover FTDs ten days after the trade. DTCC states it has no authority to "buy in" brokers or their delinquent clients.

The SEC has received related complaints for years, but public enforcement actions have been minimal. The SEC adopted Regulation SHO effective Jan. 1, 2005, requiring brokerages to report FTDs in certain stock trades after that date. When the total FTDs in a stock reach a "threshold" level, the stock is named on a Reg SHO list.

The Reg SHO list names several hundred firms, most of them small, but provokes no public enforcement actions by the SEC. FTDs existing prior to 2005 were left unresolved by Reg SHO, and their present status is unknown.

Last year, SEC chairman William Donaldson was asked about FTDs, or "naked short selling," by Sen. Robert F. Bennett of Utah during Senate hearings. Donaldson asked to discuss the subject in closed session, which is out of character with information transparency sought in U.S. financial markets.

Christopher Cox became SEC chairman in 2005. In 2006, the agency provided FTD data to a NYSE-listed firm, Novastar Financial Inc. (NFI). The data covered daily trading in NFI shares during 2004 and 2005, revealing that on certain days as much as 40 percent of NFI shares traded were FTDs. On days with high FTDs, NFI's share price fell sharply.

Small investors call this fraudulent market manipulation and ask why the SEC does little to enforce "buy in" provisions of law. Some institutional investors report extended delays or no success at all in getting delivery of large lots bought.

In Utah, the governor recently signed into law a novel requirement that brokers report every FTD affecting the shares of any company organized or headquartered in the state. The Securities Industry Association lobbied hard against the measure that imposes liability of $10,000 for each day of violation.

On June 20, the U. S. Senate Judiciary Committee convenes a hearing on "short selling activities of hedge funds and independent analysts." No witness list is yet available, but may include the hedge funds and prime brokers named in the Manhattan class actions. The Committee may also invite (or subpoena) DTCC, SEC, NASD, NYSE and SIA.
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rottenapple rottenapple 18 years ago
Here is the volume for that week of 06/05/2006

06/05/2006: 20,606,793

06/06/2006: 5,119,600

06/07/2006: 2,761,314

06/08/2006: 1,348,153

06/09/2006: 3,766,283

In one trading day there was almost 3 million more shares traded than what the number of outstanding shares are.

The shares traded in those 5 trading days was 33,602,143, which is very close to double the outstanding shares!!


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rottenapple rottenapple 18 years ago
skeptic0...the naked short list was put out by BUYINS.NET on 06/15/2006 and that was for the month of May. So, I wouldn't expect BUYINS.NET to post the naked short list for the month of June until mid-July.

There may be a way to get the information earlier than that. I will check into it. If anyone else knows how to get it quicker, please post it.
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rottenapple rottenapple 18 years ago
skeptic0...Here is the copy of an email I sent to Genelabs (GNLB) on 06/16/2006. As of yet I've had no response from them. If I don't hear from them by tomorrow, I will call their office on Wednesday.

"Please see that this email get's in the right hands at Genelabs.

My name is xxxxx xxxxxxx and I am a shareholder of GNLB.

Below is a copy of 3 posts I made on the IHUB internet stock chat board. I would like to know if Genelabs is aware of this situation and what, if anything, you're doing to address these issues.

TIA
xxxxx xxxxxx
xxxxxxxxxx, Va. xx32x

email add. (xxxxxxxxxx@xxx.net)
Ph#. (xxx) xxx-xxxx

Posted by: rottenapple
In reply to: None Date:6/16/2006 8:25:38 AM
Post #of 14


In case anyone wants to know: GNLB was added to the "Naked Short List" yesterday. As of May 2006 there was a failure to deliver on 31,936 shares with only 17.82 million shares outstanding.

Please everyone.........SQUEEZE!!!!!


Posted by: rottenapple
In reply to: None Date:6/16/2006 9:21:42 AM
Post #of 14

Anyone watching the pre-market bid/ask on GNLB? Very strange! The bid was jumping back and forth at $1.46 to a $1.47. This was changing every 2 to 3 seconds for about 10 minutes.

Then the bid jumped to switching between $1.53 to $1.54. Again, every 2 or 3 seconds. Now the bid is switching between $1.40 & $1.41. AND AGAIN, every 2 or 3 seconds. I've never seen this type action before on any stock.

Meanwhile the ask has stayed at $1.91 except for a few minutes when it dropped back to $1.89.

Really weird!!

Now 6 minutes until the open and the bid is doing the same thing between $1.45 & $1.46.


Posted by: rottenapple
In reply to: rottenapple who wrote msg# 12 Date:6/16/2006 9:54:39 AM
Post #of 14

Only 17.82 million shares outstanding but yet on 06/05/2006 over 20 million shares were traded. The Naked Short List was for May 2006 when the price was well under a dollar.

I wonder how much naked shorting has went on this month since almost 3 million more shares were traded in one day than what GNLB has outstanding.

I smell a RAT!

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skeptic0 skeptic0 18 years ago
I smell a rat too. Somebody has heavily shorted this. When do the new Short #'s come out. I was expecting them today but no go.
We should get a Nasdaq Compliance soon.

Hold your shares!


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rottenapple rottenapple 18 years ago
Only 17.82 million shares outstanding but yet on 06/05/2006 over 20 million shares were traded. The Naked Short List was for May 2006 when the price was well under a dollar.

I wonder how much naked shorting has went on this month since almost 3 million more shares were traded in one day than what GNLB has outstanding.

I smell a RAT!


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rottenapple rottenapple 18 years ago
Anyone watching the pre-market bid/ask on GNLB? Very strange! The bid was jumping back and forth at $1.46 to a $1.47. This was changing every 2 to 3 seconds for about 10 minutes.

Then the bid jumped to switching between $1.53 to $1.54. Again, every 2 or 3 seconds. Now the bid is switching between $1.40 & $1.41. AND AGAIN, every 2 or 3 seconds. I've never seen this type action before on any stock.

Meanwhile the ask has stayed at $1.91 except for a few minutes when it dropped back to $1.89.

Really weird!!

Now 6 minutes until the open and the bid is doing the same thing between $1.45 & $1.46.


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rottenapple rottenapple 18 years ago
In case anyone wants to know: GNLB was added to the "Naked Short List" yesterday. As of May 2006 there was a failure to deliver on 31,936 shares with only 17.82 million shares outstanding.

Please everyone.........SQUEEZE!!!!!

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laptop laptop 18 years ago
and she goes lol
down slide starting
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laptop laptop 18 years ago
Todays chart 10:00 AM
http://stockcharts.com/gallery/?gnlb

could dive big time > but might hold a few days ?
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corey1977 corey1977 18 years ago
absolutely nothing. I may kick myself later, i may not but as of now I have my eyes on aagm. Besides, I'm a small time investor. I don't have 20 thow to invest just yet. when I turn my 1500 to 20 thow then I'll invest about 10 so I'll look into it. I'm not saying buy because I'm relatively new at this but do some DD on aagm and alrx. Aagm is a new company so it's hard to determine price. It's been from .0015 to .003 to .007, down to .005 to .0025 in a matter of a couple weeks. It's down from .10 cents in April lol. Perhaps it's at it's basement maybe not, but it seems like a day trader's and a short seller's dream if they know the signals. I do not so I'm going long. Wasting your time? Probably but it's the only thing I have!! Again I'm new so pls don't take it as advise.
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ker7502 ker7502 18 years ago
YYYYYYYYYYYyeah...ookay.
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laptop laptop 18 years ago
Not expert on this issue !!!
I picked it from a formula I use in the morings ( and at any time) Picked it at $1.41 > so I could have picked it sooner < as a formula play.
Could not say about holding as I have not done long term DD > however I would venture to guess "Not"
OT. I would go with LFWK ( use the RB board for DD ) you have a few more days to get in cheap > until perhaps Friday on up to about 2 weeks ! " Not A Day trade but a long "
PLAY: bid .0225 or .023 / .0235 > do not buy without a exit plan because I recommend buying twice as much as you want so that you can sell 1/2 at around .08 to .10 thus Greening out after that ( freeroll ) you may kick yourself later >>>> but << hummm Expected .25 - .40 end of 06 $1 / $2 2 years
you can buy 1 Million for $22,500
OK I have made you rich ? what do you have for me ?
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corey1977 corey1977 18 years ago
lol obviously. I'm just saying....dohhhh...to yet another stock on my watch list that I seen jump up. If only I had a magic crystal ball. The whole thing about this stock having to appeal nasdaq made me shy away. Looks like big news eh? Do ya see it holding?

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laptop laptop 18 years ago
it went up and down like any other stock ? why whats up ?
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corey1977 corey1977 18 years ago
Wow, what the heck happened to this stock?
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leemalone2k3 leemalone2k3 19 years ago
Looking very sweet today. Bottom hammer reversal pattern. Expect much more here. May see 1.00 within next few sessions, IMO.
Best of luck,
lm2k3
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sfic6 sfic6 19 years ago
Hey, any new news on this stock? Can't seem to be able to find out whats going on with it...

Thanks sfic6
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yarxxx yarxxx 19 years ago
You convinced me. I'm familiar with the stock and have been lurking. Time to buy.
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