It could have been a regular session for Aradigm Corporation (OTC:ARDM) yesterday. There was nothing major to focus additional attention to this stock, or so it seemed. By the end of the day, trading activity was at levels last seen almost a year ago. 
On the other hand, there was not much of a difference as far as the stock price is concerned. Even after 2.4 million shares exchanged hands, the share price remained at $0.17 per share. Not much short-selling activity as well. And, as mentioned, no news, no press releases, no promotions, no rumours and speculations circulating over major financial forums and blogs over the Internet. Once Monday was over, though, speculations started mounting.
What is more, last week there were SEC filings coming out, the week before that – financial results being posted. Yet, no hype, no trading activity that was even close to what happened yesterday. Interesting, considering the 10-Q that came out on Aug 9th which even got a press release announcing the results in it. Among other figures, it includes:
- $8.4 million in cash; [BANNER]
- $9.9 million in total current assets;
- $2.7 million in total current liabilities;
- $359 million in accumulated deficit;
- $184k in revenues;
- $2.8 million in net loss;
After releasing the above, the trading activity never got above 400k shares per session. Which makes yesterday’s case quite peculiar. It also brings additional uncertainty as it is hard to predict what today would be. Which, while being an appealing situation for speculative traders, might not be what long-term shareholders are looking for.
