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I'm in for the ride. So many M&A companies taking over these shells.
$AFFY - We will see a massive run on the day news comes out. The NOL’s are so valuable
At least we know something is going on behind the scenes since the DTC approved shares went up by nearly 30 million to basically match the OS. This happened in the last month too
I believe that's what is taking so long. They have a valuable asset but no viable business to use it for.
If they have plans for the shell they need to get current in filings. If not find a buyer, which shouldn't be hard with the low SS and NOL's.
So what does AFFY need to do to comply? And when do the new rules take affect?
There is no doubt this will get utilized. It’s one of the best candidates out there with its $480 million NOL’s
All the rules will effect Affy. Many people are looking for a shell and if the current owners have no plans for the company they can sell it before it is forfited.
Interesting. Will these rules have any impact on AFFY? That could be why the remaining shares are DTC approved. Maybe getting ready for changes or something else?
Take a look at Icbt message board. Read the comment George. Some insight into new laws and the frenzy it's causing.
Just from a friend in the OTC space. He said a rumour was floating round but it's clearly wrong since he's been buying ENZN through MYRX.
We should try and get a hold of the TA to see if they can tell us why the remaining shares were DTC approved. Maybe they will slip and say AFFY is preparing for a merger or to revive the business lol.
Any news could really move this
Most of those is me so I wouldn't make too much of it.
Almost all buys on decent volume. Something brewing? Trades:
https://ih.advfn.com/stock-market/USOTC/affymax-pk-AFFY/trades
Definitely a long shot but huge potential at the same time. Huge NOL base
When I first started I tried to play the NOL game. Didn't amount to much. This is a long shot.
I think we will see companies wanting AFFY to utilize its NOL’s. Should be worth much more IMO
I wouldn't have been able to take a position if it was. The changes will take years to implement so we have time. I would like to see some filings this year.
AFFY is not Caveat emptor status though. I think AFFY is ok. CEO Couchman has a history of successful mergers
Won't be able to trade if they are not current on filings. Caveat emptor stocks will no longer exist.
What new rules is that?
Too much money floating around for companies to not take advantage. Also with the new rules coming getting a new ticker on the OTC is going to get more expensive.
With the first change in OS shares (being DTC approved) since 2014 should tell us something. I think it will be a great year here!
Sounds good to me. Been watching this ticker for years. The long game is truly the way to make some real money in the market. The NOL's is what drew me to the stock.
Those are the state NOL’s which are only $10 million vs $480 million Federal NOL’s $AFFY has plenty of time to find a merger candidate. This will be trading a lot higher once the corporate tax rate is increased to 28%!
At that point the value of AFFY’s NOL’s will be $134 million! Should be nearly $2 stock price
You will be rewarded greatly IMO. $AFFY is going to be one of the best shell stocks out there with its massive nearly $500 million NOL’s since Biden is going to raise the corporate tax rate to 28%.
Also, the remaining shares have been DTC approved about 3 weeks ago. This is needed for a merger with a reputable company. So much potential here!
I'm in!! Let's see what the future holds!!
Just noticed your old message here. Where did you hear the rumor that Couchman had passed? We know that he hasn’t but was just curious where you heard that?
It’s a good idea to wait. The addition of 37 million DTC shares to be free trading only means two possibilities. Either they are going to get sold on the open market or Couchman will utilize them in a merger deal. Hard telling since it’s non reporting
I'll keep one eye on it. If it gets any lower I'll start a position.
It’s funny how a 100 share ($6 trade) will drop this 28% lol
On September 19th 2014, Couchman acquired 1,875,877 shares of AFFY which was 5% of the OS at the time when it was around 37,490,000. 37,490,000 was also the number of shares held at the DTC 3 weeks ago.
I’m going to try and dig around to see when the OS was increased to 74,490,000 (exactly 37 million more)
I have also been researching more about increased DTC held shares and so far it sounds like quality shell companies will make sure all of their shares are DTC qualified prior to a merger.
Wouldn’t be surprised if we see updated filings drop at some point here.
I think Couchman if following ENZN’s footsteps. Couchman owns over 10% of that one and Carl Icahn owns 49% of it. It’s possible that Couchman does a rights offering with the remaining 37 million shares like ENZN did for .15 to add $44 million cash. The two companies now have very similar OS and DTC held shares:
AFFY: 74,490,095 OS, 73,793,705 DTC held shares
ENZN: 74,214,603 OS, 74,089,437 DTC held shares.
Do you know when and why the OS went up? When CEO Couchman acquired his 5% when he took over, the OS was only 37 million per the filing. And 37 million is how many shares the DTC held till a few weeks ago till it changed to match the current 74 million OS.
Interesting to say the least.
It's been 74 mil as long as I can remember. They may be getting it verified across the board. OTC is making new compliance guidelines.
Speaking of RM, did you notice that the DTC has cleared 74 million shares a couple weeks ago, up from around 37 million? It’s the first change since they went dark in 2014. I’m wondering if the increase is related to a possible merger coming?
I just have a good feeling about $AFFY
Don't know if the drug will be reinstated. It still has value as a possible R/M.
I still have Affy in my watchlist. I missed the initial run and I've been waiting for it to come down. It's holding around a dime.
A reply to your $AFFY post about someone accumulating shares a couple years ago. I think this SEC document could explain a lot IMO. Is someone interested in trying to restart OMONTYS drug again?? The accumulating of shares began after this was released under the freedom of information act.
https://www.sec.gov/files/18-03611-E.pdf
Even AFFY’s last filing stated that if OMONTYS was restarted that AFFY would get 13-17% of all sales. This is something to look into. It’s a long shot but it could make $AFFY a $1 Billion company.
Here is the company that requested the information:
https://www.ktmine.com/
AFFY following ENZN footsteps. AFFY could do a rights offering at virtually the same price ENZN did there’s and raise 10’s of millions of dollars. ENZN DTC approved shares are the same as AFFY’s Both OS’s are now about the same. Should be an exciting future here and soon IMO
Anyone notice the 300k and 150k bids on the .06’s yesterday? Someone really wants in.
I think we are close to merger here. Remaining outstanding shares have cleared the DTC. First change since 2014! I think Couchman utilizes AFFY very soon IMO
AFFY - The more I think about it the more I think Couchman is preparing this for a merger. Roughly two weeks ago, the shares cleared at the DTC was 37 million. Now it’s almost 74 million, nearly matching the OS. I think the remaining shares have been cleared by the DTC clearing the way for a merger.
It’s the first change since 2014!
Various articles talk about shares being cleared by the DTC prior to doing a merger.
I think we are really close!!
$AFFY - Something is happening here. The OS was just raised to 73 Million. After many years of being quiet, I think something is about to happen.
This will be a post to look back on IMO
AFFY just increased the OS to 73 million. I think it’s preparing for a merger IMO
Couchman is CEO of both AFFY and MYRX. MYRX recently bought 1.4% of ENZN after being dark since 2013. Seems like MYRX should be at least .10 since it has cash and owns ENZN shares
Have you been following this lately? AFFY must have something going on. No one is talking about it yet it holds around .20 with decent volume.
Couchman also owns MYRX which is valued 10x less with very little volume. Makes me wonder if AFFY will be utilized soon
Someone is definitely buying shares. It does make you wonder if someone knows something. I think we are close to having both shells utilized. The statute of limitations is up on both so they can't get sued for anything that happened in the past. They are both clean shells.
I have no idea. There's not a lot of volume but it is up +300% in the last couple weeks. Maybe somebody knows something and is scooping up cheap shares. Might have to take a position here as it is moving too strangely to be nothing.
What's up with AFFY running? Is there a chat room somewhere where people are talking about it? Hopefully it's sibling MYRX is next.
It's going to be very interesting how all this turns out. Couchman will most likely be appointed to the BOD which means he will be in close contact with Icahn. This bodes well for AFFY, MYRX, and ENZN. Maybe Icahn might take interest in Couchmans AFFY and MYRX since he owns several profitable business that could take advantage of the NOL's
That's awesome that you have 100k shares of ENZN. I think they will buy a profitable company with the rights offering proceeds. What is the advantage of doing the rights offering since it won't be tradeable? Is it only that they get 3% dividend?
I cant wait to see if MYRX gets involved with the offering or not since it owns about 1.5% of ENZN.
Indeed. I almost took a position here a couple weeks ago based on your info. That would have been sweet. ENZN is moving forward with their offering. I have 100k shares but am not interested in the offering as there is no outlet to trade the preferred shares. Looks like Icahn is going to take over the company. Not sure what Couchmans plans are from here. Good luck with your MYRX stock.
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http://www.affymax.com/
http://finance.yahoo.com/q/ks?s=AFFY
Affymax, Inc., a biopharmaceutical company, engages in the development of peptide-based drug candidates to enhance the treatment of serious and life-threatening conditions. Its lead product candidate includes Hematide, a synthetic peptide-based erythropoiesis stimulating agent, which is designed to treat anemia associated with chronic kidney disease and cancer. The company is conducting phase II clinical trials of Hematide in dialysis patients, predialysis patients, cancer patients on chemotherapy and patients with PRCA. It is also developing a pipeline of peptide based drug candidates, including Adeptide, a peptide based, non-injectable erythropoiesis stimulating agent; the Innotide program that comprises a family of peptide based drug candidates for use in the area of tissue protection in preclinical models of stroke, myocardial infarct, and renal injury; and Angiotide, a synthetic peptide for treating cancer by blocking angiogenesis, or blood vessel formation in tumors. Affymax has strategic alliances with Takeda Pharmaceutical Company Limited to develop and commercialize Hematide; EntreMed, Inc. for preclinical research of Angiotide; and Nektar Therapeutics AL, Corporation. The company was founded in 2001 and is based in Palo Alto, California.
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