Cel Sci Corporation (CVM)

[drkazmd65]

Agreed FM on both parts - the interesting part,.... and for the I hope some profits were taken part.

I was looking at this company back when they were trading at a few dollars/share before it briefly blew up. Never bought in before the blow-up and didn't see the point after it did take off (if however briefly) as I try not to chase things up.

After their problems started to come out (for example the pricetag for a round of treatment & the inability to get insurance companies to pay that much) and the debt started to pile on - I wouldn't go near them.

My guess is from what I have been reading today on them - they have reached a deal to give the company & production over to their creditors & noteholders (in particular one investment bank) to get a clean slate. They are likely to go private and their noteholders and bondholders are going to get a haircut but keep the company to go private.

And - since their debts are about two times their assets - the remaining shareholders there are about to find themselves sitting on a big pile of worthless shares.

But yes,... I definitely hope most shareholders got out with what they could get. That company is toast for them.