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KaloBios, The Aftermath: Trader Starts GoFundMe To Pay Back $106,000 Balance

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Shares of KaloBios Pharmaceuticals Inc (NASDAQ: KBIO) surged more than 1,000 percent early Thursday morning.
  • KaloBios announced that a group of investors (led by notable biotech investor Martin Shkreli) have acquired 50 percent of the outstanding shares.
  • A trader in Arizona named Joe Campbell created a GoFundMe account to help pay the $106,000 balance he owes eTrade as his account was short the stock.

In what could be an industry first, a trader is asking the general public via to help repay a balance of $106,445.56 he owes eTrade because his account was short a penny stock that just surged more than 900 percent.

Campbell's eTrade balance prior to his account blow up was around $37,000.

Shares of KaloBios Pharmaceuticals...