Amplia Therapeutics Ltd. (INNMF)

[schaub]

This may get interesting, there was some BIG money lost this year. I’m holding to see what happens. Looks like a little movement recently.

[deadjim]

Company is supposed to announce next steps by end of year. Good chance it gets delayed, but stock is trading at cash at the moment

[schaub]

Indeed... just a matter of time. These initial heavily invested/deep pocket investors can’t loose that much.

[deadjim]

Back to .08c soon

[deadjim]

Trading at Cash of .019c/share.. Due to make an announcement prior to end of Dec:


POST REPORTING DATE EVENTS On 20 October 2017 the Company announced that it is actively reviewing a number of possible options whereby a new technology might be acquired and/or merged into the business and it hopes to make a defintive statement about the Company's future prior to 31 December 2017. The future operations and financial statements will depend on the outcome of this review. The Company decided that day to day drug manufacturing and research cannot realistically continue. As a result these physical operations, which are all based in Auckland, are being closed down. Staff involved in these operations have been given termination notices. Redundancy and retention payments of $176,200 have not been included in these accounts as they were not finalised as at 30 September 2017. However, they were finalised post 30 September 2017 and are expected to be paid prior to 31 December 2017.
Further, all plant & equipment and other fixed assets will be disposed of and the Company will also vacate the leasehold premises. The Company has negotiated the exit of these premises, without incurring restoration and make good costs, and will leave the majority of it's fixed assets on exit without compensation for such assets. As such, a provision of $148,231 was made for impairment of these assets in these accounts.
No other circumstances have arisen since the end of the financial period which will significantly affect the operations of the economic entity, the results of those operations or the state of affairs of the economic entity in subsequent periods.

[makinezmoney]

$INNMF: That sounds about right... new application

When they file the new application though.

It dropped to $0.012 yesterday to bounce over $0.02.

Easy bagger just like that in just a day.

$INNMF

[deadjim]

Last i saw they had a few million in cash. How much you say they had?

[makinezmoney]

$INNMF: How'd you like that "Takedown" in Celgene

That was pretty impressive last week too !

No worries.... $INNMF is setting up really good.

The hold a good pile of cash.

Make sure you get out on the bounce next time though because
they will most certainly put up a secondary offering on any spike.


$INNMF

[deadjim]

"The takedown" ... lol. You guys are hilarious.

[MattyTrader]

Crazy chart too

[makinezmoney]

$INNMF: Its almost Buying time... Major Bounce coming

This is starting to look really good here at $0.025 now after the
takedown in July.


This is gonna be a nice recovery like $AEZS bounced when it dropped
like a rock.

Looking for a nice move to $0.15 from here


$INNMF

[MattyTrader]

This could bounce hard from here imo

[ALERTS100%to10000%GAIN]

INNMF~~http://www.innateimmuno.com/irm/PDF/1441_0/ResultsofMeetingAnnualGeneralMeeting

[ALERTS100%to10000%GAIN]

INNMF~~http://www.innateimmuno.com/irm/content/welcome.aspx?RID=310&RedirectCount=1

[ALERTS100%to10000%GAIN]

INNMF~~http://www.innateimmuno.com/irm/content/patient-and-media-reports.aspx?RID=334

[ALERTS100%to10000%GAIN]

INNMF~~http://www.innateimmuno.com/IRM/content/default.aspx

[Smilin_B]

Im suprised no ones watchin INNMF here as its making a rounded bottom in the .03 area.

I suppose after the drug failure, the company just has whatever cash in its Reserves but they haven't indicated what they intend on doing aside from paying salaries and being in a comatose like State until I suppose they just run out of money. It would sure be nice to hear from them concerning their game plan to continue operations. I do not own any stock but have been eyeing this chart

[LexTrader]

Some early PM action. Hmmmmmmm

[deadjim]

One or the other? No in between? Thats gotta be the worst possible outlook.
Chances are they find a new drug or redevelop the one that failed. Good chance they go bankrupt though

[SarajevoD]

Is this company going to get a buy out or just go bankrupt?

[kanonman]

got out of this with a little gain....GLTYA

[kanonman]

well, this is bad news. I'll sit on this for a while, in case it goes into play. I've already taken some profit, and bought in the .03's

[Smilin_B]

I got stopped out today so im presently not in INNMF. The news out of Australia was bad again today. Was hoping the company could have posted something about their cash burn and forward-looking statements but they have not. It's a shame because the chart had a nice set up as well for a beautiful run, but apparently that study was all that he had going for them

[kanonman]

so do I!!! :)can't wait to see this one jump

[Smilin_B]

Volume has slowed as a complete blood transfusion has occured on the shares.

The INNMF chart is coiled and poised for a reversal of trend.

Look at the MACD Cross developing. We have plenty of room for an immediate doubling in the shares. MM's are widening their stance. They want this higher.

[schaub]

Smilin-B...Appreciate the insight. I will keep an eye on the ASX, I was watching the volume here and had forgotten about the volume there - a very good point. Perhaps many are averaging down and waiting for the next run, which I think will happen. I will be watching closely.

[Smilin_B]

Always check Innate Immunotherapeutics Ltd common shares on the Australian Stock Exchange to see how well it did as a gauge to see how high/low we will open here on the pinks the following day

https://www.google.com/finance?q=IIL&ei=DQNrWeGwD9W8jAGktrf4BQ

Ticker is ASX:ILL

What's interesting is that the company maintains

"We understand that IIL may trade on the over the counter (OTC) market in the US however this is not a formal arrangement endorsed by the Company or which the Company has requested or actually participates in. IIL is not formally listed on any US stock exchange."
 

It's not "formally listed on any US stock exchange"

Regardless

On July 14th, (on the ASX) the shares closed at .061 +.0070 (12.96%) gain on volume of 6.74 million shares

So, you can see that this stock's main volume trades on the ASX so we must keep tabs on the volume over there. The Top 20 investors most likely own their shares on the ASX versus here on the otc pinks - BUT - INNMF does track the movement of the main shares in Australia.

Once things heat up over on ASX: ILL, it tracks over here to it's ADR - INNMF

In my opinion we will be clearing .07/share within the first few days of the coming week here on the INNMF front

The MACD cross setup is quite telling isn't it?

[Smilin_B]

This post should be stickied:

It may appear that many from this forum have left, yes indeed

But rest assured, there's been a lot of share accumulation on INNMF shares over the past couple of weeks since the collapse

Just take a look at the Trade Volume since the collapse, including trade volumes 2 days prior to the collapse.

On 6-23 1,843,026 shares traded with an open/high/low/close of .51 .63 .43 and .55

On 6-26 1,397,221 shares traded with an open/high/low/close of .53 .53 .41 .46

Then the very next day was CARNAGE !!

8,845,454 shares were traded with an open/high/low/close of .03 .06 .02 and .04

12,796,252 shares traded on June 28th with an open/high/low/close of .04 .08 .04 and .06

Subsequent days leading up to 7-14 has a total volume of a whopping 14,661,674 shares with an AVERAGE trade price of .045

So since day one of the gap down from .45 to .03 INNMF has traded 45,148,834 shares with an average trade price of .05/share

https://finance.yahoo.com/quote/INNMF/history?p=INNMF

That's a $hit ton of ACCUMULATION totaling approximately $2,257,441.70

It's not necessarily safe to say that a large percentage of the top 20 investors of INNMF have chosen to average down, but it would make perfect sense for them to do so.

Keep in mind, most of these investors are averaged into INNMF within the .45 - .55/share level and need to average down in the .04 - .05 range to bring core averages down substantially.

It is my belief that they are doing so to take advantage of the next violent surge on the shares to exit or perhaps even profit on their core average.

Those loading INNMF here in the .04 - .05 area stand to make the most amount of money WHEN this stock gaps and runs into the .10 - .15 area

If we get decent news, this could easily attain .20/share with a 1st stop right around .11 resistance (13 ema line)

Please note the MACD cross that's about to happen. Chart setups like this are what I scan for and make the most amount of coin on.

[schaub]

Thanks for the information. I emailed them several days ago and received the exact response as your second one, must be canned. This will be interesting to see how it plays out. Good Luck.

[Smilin_B]

TWO EMAIL Responses from Innate Immunotherapeutics:

******************************************************************************


Andrew Cooke <[e-mail]>


Dear ******** ************

Innate Immunotherapeutics Limited trades on the Australian Stock Exchange (ASX) where the code is IIL. Pursuant to ASX listing rules the Company operates under a continuous disclosure regime and accordingly I can confirm that the market is currently fully informed.
 
We understand that IIL may trade on the over the counter (OTC) market in the US however this is not a formal arrangement endorsed by the Company or which the Company has requested or actually participates in. IIL is not formally listed on any US stock exchange.
 
Our Register of Members is maintained by Computershare Limited. The Register of Members records all of the holders of the issued capital of the Company including nominee holders. The Register of Members does not record any details in relation to INNMF shares. We understand that many of the nominee holders on our Register of Members may hold shares for or on behalf of persons who have acquired INNMF shares in the US on the OTC, however the Company has no direct or indirect participation in this process.
 
The current issued capital of the Company is 225,625,991 ordinary fully paid shares, all of which trade on the ASX.
 
The Company does not offer or sponsor the trading in ADR’s.
 
Please do not hesitate to contact me if you require any further information.
 
Kind Regards
 
Andrew J. Cooke
Company Secretary
Innate Immunotherapeutics Limited
Tel: + 61 (0) 412 090 826


**************************************************************************************


Irene Vanderlaan ([e-mail]>

As mentioned in the announcement, and by Simon on the subsequent Investor Call, the Company is now undertaking a more detailed analysis of individual patients to see if there was in fact a subgroup of patients who did have a favourable response. Until such time as this further analysis is completed and the Company provides a further update to the market, we are unfortunately not able to brief individual shareholders.
 
Kind regards
 
Irene Vanderlaan

[schaub]

Looks like everyone left, I guess the 20 top investors will be writing off major losses for a long time. I was expecting some type of additional news by now.

[schaub]

I'm with you...I'll wait at this point. I'm going to email them shortly.

[Smilin_B]

Call and email the company.

Go to their website for contact info.

Let your concerns be heard.

We are oversold but the company's silence is just making things worse. I haven't averaged down and don't plan to throw good money after bad just yet until the company issues a statement

[kanonman]

i wish this thing would start moving

[schaub]

I agree..I think it will move again. Although, I was expecting more activity last week, but perhaps many are sitting by the side-lines waiting for news in either direction. I'm sure they are evaluating all options and any positive news will move this quickly. I concur, this is oversold and was a knee jerk selloff reaction, I realize the news wasn't what they were expecting, but I think the selloff was a bit much. I'm hoping for some positive news this week - there are to many big investors in this, that's just my opinion. GL

[Smilin_B]

INNMF has only 225.6M shs in the OS

The float has to be very low here. Should move fairly easy once we head up through the .06 - .08 area

http://quotes.morningstar.com/stock/s?&ops=clear&t=PINX:INNMF&culture=en_us&platform=RET

[Smilin_B]

INNMF still has a lot of cash on their balance sheet and I was informed they are taking every effort to preserve it. The main investor still has Faith that the company will succeed and I'm certain he's more "in the know " than most, as far as what type of damage control efforts the co is undertaking.

Their website is quite robust and up to date. I just don't see this company going under, not without several volatile runs on the shares. If we receive ANY type of substantial update, this will double in very short order and find it's true support in the .10-.15 area (depending on news)

[Smilin_B]

INNMF is clearly grossly oversold and has been in a sideways churn/base building pattern between .04 and .05

I'd say that everybody who wanted out of this Equity, has done so and those sell orders have been met buy new investor purchase orders. This is why the stock has been trending sideways as we reached equilibrium. We are in the loading zone and as soon as we get a little bit more volume and the stock is able to get up through the .06 - .08 area, it should attract a larger audience.

I don't believe the larger institutions have averaged down yet. Looking forward to this week as we reverse trend and head higher.

[Smilin_B]

I believe we've based. Volume has slowed to a crawl. Hopefully we can get back over .05/share and trend sideways to up as larger investors average down

[schaub]

I agree...I jumped in expecting a major bounce. I think many are in the side lines. I'm anticipating and big pop sometime only because there are to many big players including Collins and his constituents...to much money to lose and they don't like losing money...IMO. I'm holding for now. This is just my take on the situation. Good Luck.

[Smilin_B]

Its pathetic is what it is. Not even a secondary bounce or buyers that feel this is an unwarranted oversold situation. Never in a million years did I think we would ever be trading in the .04 area down from $1.60

Management needs to address shareholder concerns. Clearly they can't expect us to wait

[schaub]

Very quiet here...not sure if that's good or bad?

[kanonman]

lmao me too!!

[DeafTrader2]

Salute LexTrader... How are you doing ? Happy Friday ..


Ummm, I agree with you that it is a very strong buy ticker.


Cant go farther low..


They can always find a way to solve the problem quickly with their hefty bucks.

[LexTrader]

I take that as a buy reco.

[DeafTrader2]

Boycott Investing INNMF


GOP Money Making Machine


CORRUPT

[kanonman]

agreed. this stock is not for the timid. I jumped on this at .04 and now wait for the selling to subside. this is going to be in play soon. this will be fun.

[Smilin_B]

INNMF is on the move north again!

Looks like market makers ran as many stops as they could and now it's back to business as usual, heading to $0.06

[deadjim]

biotech gapped down to pennies, still has some cash, gathering data now, gonna retrace more. as long as they're not going bk short term, these things are pretty predictable. majority will bounce. you won't get many posters here because its a foreign listing and extremely lightly traded. ihubbers are more interested in latest hot chatter with hype from pks

when its all said and done, this one probably has a retrace towards .20c

[Smilin_B]

INNMF's gettin its head handed to it -24% today and getting worse by the minute.

All traders are abandoning their positions ahead of the weekend.

Weak hands are exiting.

Im long at .051 and not going to add.