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Effective June 21,2021 FINRA will suspend AKAOQ's CUSIP. FINRA will delete the symbol.
https://otce.finra.org/otce/dailyList?viewType=Deletions
It was posted on Stock Twits, involving a company with no debt, just a few days ago. Looked everywhere, could not find it again. So sorry!
Hi everyone right back at you. Lol.
There are more recent posts on stocktwits, some good news, some bad news about Europe, nothing about Canada, what have you heard?
Hey everyone! Something seems to be moving things along here, heard something about a Canadian Co. Any information, anyone?
Zzzzzz’s......what’s going on? I’d love a timeline if anyone’s following the court case, is there any indication when this will wrap up?
If we could just get a deal similar to TTPH I’d sell everything in my account and never look back. Why not us?
in my opinion, the liquidation plan, as currently written, has assigned all future royalty payments to the creditor, I will cut and paste when I get a chance. Feel free to do likewise if you think I’m wrong.
I’d certainly welcome the latter outcome you indicate, but unfortunately don’t see it guaranteed.
Royalty payments still need to be addressed. Cipla needs to make a buy out offer of these. We should see something.
The last I read, he owned over 2 million shares that were not sold, however I’m not sure if he was obligated to file after the the Akao stock registration was pulled, so he could have sold everything.
He could be our last hope, and deserves to make his money back for continuing to support antibiotic development.
I don’t know what we do about it...,we have no voice anymore. All institutions sold no Robert Duggan that I know of.
Liquidation Plan Wipes out Equity
Silicon Valley Bank and Debtor’s lawyers have filed a liquidation plan to be voted on in May. Equity will receive nothing; unsecured debtors receive pittance. SVB takes it all.
This is wrong. IRC Section 382 I.5 allows 100% of net operating losses in. CH. 11 filing to be utilized in a merger, and allocated against future revenues as a tax credit. A clear asset that belongs to equity.
The Cares Act now authorizes those same losses to be used as carry back in addition to carry forward. This changes everything. The NOLs can now be used by an acquirer for immediate tax credit against preceding five years of tax filings.
https://www.claconnect.com/resources/articles/2020/tax-savings-opportunities-from-the-cares-act
$95 million tax credit is immediately liquid for an acquirer.
The tax credit has a value that exceeds AKAO’ s debt to SVB. The Debtor should be sold, debt extinguished, and all equity should share in the Cipla royalty stream, which should accrue overtime in account and periodically distributed on a share basis.
The other option would be for Cipla to buyout the company, using tax credit to finance the deal. They could continue and process EMA filing, participate in any Barda contract which is more likely now due to COVid-19, develop C Scape, and of course keep all Plazomicin revenue.
If the liquidation plan passes, via this bogus ballot based upon claims value, rather then by voting shares, this is a complete fraud, and equity is robbed it’s fair value.
$AKAOQ: $0.02
Coronaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
GO $AKAOQ
Try .008s lmfao
Smart .008s
Chart is atrocious.... .003s ill buy for an easy flip...
1s up nvnt weeeeeeee
They better hurry. My gtc low balled sell orders expire real real soon.
After which I’m just going to let it roll and see what Coronavirus takes us.
Hopefully Cipla will buy out the royalty rights soon. There’s plenty to be made here.
Achaogen created Plazomicin an FDA approved drug.
This venture contemplated almost a decade ago, began after intensee deliberation and planning.
The $500 million in cap ex was expected to return many multiples to that, there must be incentive.
The human effort that was bought by the investment was productive, The asset it created has value that is greater then the investment but less then the expected return.
We live in a world of rules and laws. Punctuated by greed and corruption.
Some of us who post here, await to see what the case will be in this instance.
I dont own any shares there sorry...Good luck .01s .009s next week
Red rum .009s next week
Sold mondo profits...Whats this turds issue.. Bankruptcy no volume no interest simple
It was tues...Rsi stochastic 90s its resetting...This turd is a bankrupt company with no volume good luck
$AKAOQ: Fake walls going up...... we go higher
They are really trying to contain it here.
400k walls at $0.028 goes up.
We see it.
GO $AKAOQ
$AKAOQ: Maybe Sihuan gets approval for Remdesivir production
We shall see.
Looks like Gilead may be looking to see who can do it.
Fun times here.
GO $AKAOQ
$AKAOQ: Maybe Sihuan Pharma takes over.....
And assume ticker here so as to get listing status.
https://www.sihuanpharm.com/
THings getting very very interesting.
Some big time Shareloading going on here.
Looking SOLID !
Assume those $50Million NOLs and have a superstrong financial position
to work off of.
$0.037
GO $AKAOQ
$AKAOQ: Now $0.037s going...... gonna break $0.04
Nothing in its way.
Lets get going baby.
GO $AKAOQ
$AKAOQ: 240k hit there........ Buyers rolling in hard now
Big big bid support here.
GO $AKAOQ
$AKAOQ: LOoooooooadinggggggggg amigos.... going to $0.30
Yes... the CoronaVirus connection with SIHUAN.
Gotta be able to see it.
Now at $0.03
GO $AKAOQ
I wonder why akaoq didn't just partner with them to take part in all the profits from the huge sales in China,they must have struck a really good deal though worth millions
FDA APPROVED with $50Million NOLs
People who have been here have known about this for quite some time now.
There was always high regard for what Achoagen had.
However, these disease drugs lost favour because they don’t make any money.
UNTIL NOW !
wow I am loading the boat here monday this could go to dollars !!!!,. They had to have something in the contract where they would get some of these million's,I can't see akaoq just giving this drug away cheaply
here is the whole news artical , https://www.asiaone.com/business/sihuan-pharmaceutical-announces-acquisition-all-interests-and-intellectual-property-rights
Dr. Che Fengsheng, Chairman and Executive Director of Sihuan Pharmaceutical said, "As bacteria are becoming increasingly resistant to existing antibacterial drugs, super bacteria have posed the most serious threat to human health. The World Health Organization (WHO) has predicted that 10 million people will die as a result of super bacterial infections each year by 2050. EvaluatePharma, a pharmaceutical market research agency, has predicted that the annual sales of plazomicin will reach US$313 million in 2022. The Group expects that plazomicin will generate significant economic benefits after its launch in the Greater China Region. In addition, the selection of azithromycin capsule in the second batch of the National Centralized Medicine Procurement will help the Group to quickly enter the PRC domestic sales market of azithromycin capsule, increase market presence and further accelerate its development in the field of anti-infective drugs."
Wow I just read another article that says plazomicin will generate 313 million us dollars in sales in China by 2022 wow,akaoq must be getting part of this in the deal
But do shareholders of AKAOQ see any of this Clbuyout revenue??
And why is this bankrupt if it is going to make Sihuan so much money in China?
$AKAOQ: Read.......
https://www.reuters.com/article/brief-sihuan-pharmaceutical-to-buy-all-i-idUKFWN2AK0DH
$50 Million in NOLs.
GO $AKAOQ
The first day of a huge run am taking a position Monday on the open,I wonder just how much they got paid,it had to be in the million's
They bought China rights for plazomicin.
How is Sihuan related to AKAOQ??
$AKAOQ: Wow.... whatta close.......... next week
We see $0.10
Lets get ready to PARTY
GO $AKAOQ
Come on makinzmoney. Move over .05 to get my money back.
OT VSMD .011 read website may have been taken down in prep for RM? Thoughts
$AKAOQ : WOOOOOOOooooooooooooooooo HOOOOOOOOOOOOooooooooooooooooooo
WHATTA DAY BABY !!!!!!
Whatta BEAUTIFUL BEAUTIFUL DAY !
$0.03 break coming
GO $AKAOQ
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