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what's the deal with this stock/company?
Agreed. It’s just weird that it’s not in the trips yet. I just keep my alerts set I guess lol
Me too but this company is practically defunct. Not sure what's there to trade anymore.
Was looking interesting there for a couple days thought something was cooking
False signal....LOL!
I see why retail investors like myself are so stupid... They already told you they are dissolving and you still want to see something that isn’t there... only if they had millions in the bank would arni do anything.. I have 250,000 shares of this junk... if it goes over .10 I would kiss y’alls you know what.
Buying up Sabby shares as they try to unload before dissolution.
Trying to save the unknowing some money here. Read back thru all the 13G's. Especially this one... https://backend.otcmarkets.com/otcapi/company/sec-filings/11768358/content/html
Are you getting it yet?
Sabby is not adding, they are or have sold a portion of what they held. Go back thru the filings. On Dec. 31, 2016 Sabby held over 11 million shares. They are trying to liquidate before the dissolution of the company. Check it out from Dec. 31, 2016..........
https://backend.otcmarkets.com/otcapi/company/sec-filings/11768358/content/html
I think more light will be shed over the weekend ,buys are coming in at least a t m
why would sabby ( a reputable hedge fund )buy into ARNI unless it has plans to do something with it to make the pps go up for the shareholders benefit ,makes no cents to me unless they bought it to sell it for more (yes the cents was a pun)
Really? Do you have any Corp. Doc's from Delaware to substantiate that claim. 13 G's only highlight the holdings of certain entities. Those holdings may have been existing for some time. SABBY and Mintz own in total about 7% of the total shares. Hardly a takeover. They may have filed the 13G/A in order to get whatever monetary distribution is due them when ARNI dissolves.
Just a bunch of talk about things that they know nothing about and can fool others that know nothing about such things, into buying shares before the dissolution. Good Luck!!
On the 31st of same month sabby took it over
Arno Therapeutics Announces Plans to DissolvePress Release 12/22/2017
Arno Therapeutics, Inc. (ARNI), a biopharmaceutical company, today announced that it has sold substantially all of its remaining assets and will be dissolving by the end of this year. Its last remaining assets were the rights to Onapristone, which it recently sold to Context Biopharma, Inc. pursuant to the terms of an asset purchase agreement. The proceeds from the sale of Onapristone will be used to satisfy Arno’s outstanding liabilities and there are not expected be any assets remaining thereafter.
The sale of the Onapristone assets was part of a plan of liquidation and dissolution approved by both the board of directors of Arno and by the holders of approximately 67% of Arno’s outstanding common stock pursuant to a written consent. Prior to the end of 2017, Arno intends to file a certificate of dissolution with the Delaware Secretary of State and to satisfy or otherwise resolve its remaining liabilities from the proceeds from the sale of the Onapristone assets and its remaining cash reserves. The company intends to maintain a small cash reserve to fund wind-down expenses. Context is holding back approximately $0.2 million of the purchase price for a period of six months in order to secure certain indemnification and other obligations of Arno under the purchase agreement. Arno has also agreed that any amount it receives from the $0.2 million held back in the Onapristone asset sale will be paid to its former chief executive officer in satisfaction of severance obligations, which the former CEO agreed to reduce by approximately 20% from the company’s original obligation. Arno expects that the proceeds from the Onapristone transaction will provide the company with sufficient funds to satisfy all of its creditors and to conduct an orderly wind-down of its business. However, Arno does not expect that there will be any assets remaining for distribution to its stockholders.
The decision of the Board of Directors to dissolve the company and liquidate its assets follows the Board’s decision from early in 2017 to cease its Onapristone development program and pursue strategic and other corporate opportunities for its assets. Prior to the Onapristone asset sale, Arno entered into termination agreements with the licensor of its intellectual property relating to its AR-12 and AR-42 product candidates pursuant to which the parties agreed to terminate the related license agreements and release all claims against the other relating to the license agreements.
Just need some good, consistent buys slapping the ask, and this will go places. Maybe some buys from something like a, ..... a...... hedge fund would do it. lol
booom ,like I said straight up buys 50k worth, now bid up to .011 300k ,its got a good look to it now
200k at .01 bid ,biggest demand yet, grab your hat and hold on to it !!! ARNI may go for a fast ride !!! or sabby wants our shares ,mega low float ,not many shares ava, only way they get mine is over 1.00$ at ask
.01 is a new solid floor. Once we break .015 today I think we can see a quick rush to .03+
ARNI~~huge here folks, hold on your shares,, .20++++ easyy
there is demand , someones shares just got bought ,many buy orders are hiding ,none of mine are showing, very few are ava. with ARNI mega low float
the good news is ,we few are in ground floor and if it runs we are golden to sell on way up without endless adds to ask,great chart shows break out ,the vol did not dry up completely yest from prev. day ,so it doesn't look like a pump and dump ,ARNI is a ligit hedge fund now so big $ investors will see it and could buy it on there own ,many good things I see
ARNI~~good morning all,looking at l2 and is lined up to go
L2 .01..02,.10,.20,$8.00
I don't have predictions for tomorrow, but feel like in 6-12 months this will get some traction.
Certainly worth some risk at this point! I'll probably buy a few more shares and hold.
ARNI~~reversal ,tomorrow running here
What does this mean?
the more I dd the better it gets, sabby bought the ticker ARNI, and got the patent and process rights to their cancer treatment in trade payed off all debt, so ARNI is a debt free ticker with an insane low float !!!!
wow,I would like to see how high can go, .50+++ easy
great news we got bought to add to their portf. they buy pharma and run them up!!!!!!! weeeeee freaking hawwwww!!!!!! look at their portf. merrick @56$ atm ect. this could be epic!!!!!
recent acquisitions by sabby (bought ARNI) ;12/15/2017 ROS*G @.50 atm ;11/1/2017 NMU*S @.30 atm; 10/30/2017 RNV*A ,all pharma related, we got bought to add to a massive hedge fund port. ,they are going to want ARNI to run up and wont screw it up and wont be a scam like most pinkeys!!! this is huge!!!!
ARNI~~a move will be here for sure
ARNI~~here we go ,.007/.009
Same here, but this is worth the risk considering the new ownership. They have deep pockets and want to make them deeper-which could benefit all shareholders. I'll wait this one out
post a sticky saying new owners of ARNI and give the hedge fund website , many ppl will be asking who bought it
I have buys in way low hoping for mls of shares, my ave is .015 atm , ARNI could be a play soon or it may take weeks or months ,hedge funds are in no hurry neither am I ,ask any millionaire how they got there most say patients
this could take days/weeks to play out ,depends what the hedge fund does with it, resell it/shell it/add it to its portfolio and then make it a crypo pot ect. to make huge wins for the hedge
low floats like this have huge swings , the spread alone is 50%, someone could run this up to a dime with 2k$ with what is showing on the ask ,I expect manipulation, just have to trade like a machine,no fear,no greed
I see it ,was a retail panic sale
agree, I saw that the news was on the 3rd,figured no one saw it and looked to see who the buyer was, I got in PU*RO the same way ,no one saw the new active listing I bought the .001s it ran to .02 I made a killing being patient selling at ask over .01
And yet here we are sitting 67% down from yesterday
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