Immune Pharmaceuticals Inc (fka IMNPQ)

[trader59]

Cytovia, Inc, was not spun off from Immune Pharmaceuticals:

https://www.sec.gov/Archives/edgar/data/1208261/000114420418025647/tv493287_ex99-1.htm

Cytovia Therapeutics isn't Cytovia Inc and has never been affiliated with Immune Pharmaceuticals.

[trader59]

You are not a shareholder of a subsidiary, the parent “Immune Pharmaceuticals, Inc.” is the shareholder. They’ll get cash for their holding if there are funds left over after paying the subsidiary’s debt. That cash will be distributed to the creditors of Immune Pharmaceuticals, Inc.
You are/were an equity holder of Immune Pharmaceuticals, Inc. You don’t get anything.

[the_hoard]

You definitely don’t know anything. Anyone who files a claim is a claimant. Full stop. Court decides from there. Next, Immune Ltd trustee specifically mentions Unsecured General Shareholders (that’s unsecured general shareholders) receiving a percentage of their debt/claims.

Not Israeli shareholders or American shareholders. Just shareholders.

I swear I can’t make this stuff up. Pathetic. You seriously need to learn to read the filings you preach about.

[trader59]

You really don’t understand anything, do you? That settlement you’re chirping about is for the Israeli claimants, which includes Immune Pharmaceuticals, Inc, the company. They’ll get some cash, which will go to the creditors they have here.
You are not a claimant, you are an equity holder. That’s different. You didn’t loan this company any money, and the company doesn’t owe you anything. You bought stock, a piece of the company ownership, and that stock would only have value in this bankruptcy if the company assets were more valuable than the debt the company carried into bankruptcy, something that we all know for a fact is not even remotely true. The sales are documented, the proceeds hardly cover any of the debt, and the trustee has already verified that. The stock is worthless and already revoked.
NAYA has nothing to do with this company. You don’t own it, and they’ve never uttered a word about being affiliated with this company nor have they mentioned giving its shareholders anything. Why would they? How would it benefit them to do so?
You really need to pull what money you have left out of the market and put it into CD’s because you’re not good at investing for yourself if you believe the stuff you post.

[trader59]

Shareholders don't have claims, they are equity in the company, ownership, and the only way they'd ever see a recovery in a Chapter 7 bankruptcy is if the proceeds from the asset sales covered every penny of debt. That ain't happening here. 
There are no "new" shares. 

[the_hoard]

So what? Your debt statement was nonsensical and as I shared, clearly 100% wrong. Shareholders with claims are entitled to a disbursement. You may not care with your ‘so what?’ but they sure do. Unbelievable.

I swear I can’t make this stuff up.

Not to mention the new Immune shares that were issued.

[trader59]

So what?  This company is already gone. They've sold all the assets. Nobody works for it. The trustee is the only one working on it.  The stock registration was revoked. There is no business here.Corporations in Chapter 7 bankruptcy do not "emerge," they are shut down completely. 

[the_hoard]

Did you see the part where the trustee arrived at a settlement and mutual release agreement between trustee, debtors estate and Eitan Erez, trustee for Immune Pharma Ltd?

I swear I can’t make this stuff up.

[trader59]

"Remaining creditors?" Did you see the part where the Trustee told everyone there wouldn't be enough money to pay the debt?

Or, even better, the part about this being Chapter 7 that ends 100% of the time with the corporation being shut down? It's already shut down, nobody works for this company, the assets have all been sold to other companies.

You guys need to spend some time in reality. There's not a single mention of Immune Pharmaceuticals anywhere in the business all those other companies you keep chirping about.

[the_hoard]

Attorneys get paid and then any remaining creditors… 88% or something? Soon final report and bankruptcy is technically all over.

[trader59]

A corporation in Chapter 7 bankruptcy is liquidated and shut down. Once the proceeds are distributed, the remaining debt does not get discharged.

https://www.nolo.com/legal-encyclopedia/chapter-7-bankruptcy-llcs-corporations.html

You guys should spend a lot less time fantasizing about mergers and share swaps with companies that have zero affiliation with FKA IMNPQ and more time learning about Chapter 7 bankruptcies for corporations.

[trader59]

Oh, but I do know what happens when a Chapter 7 bankruptcy for a corporation is discharged. The company is gone, debt still attached, no employees, no assets, no business operations whatsoever. Eventually, the state of incorporation will dissolve it for failure to pay taxes and file reports if the Trustee punts that process and just walks away from it.
You guys can't even answer a single simple question: If those completely separate companies (NAYA, Cytovia Therapeutics, AZ, etc) are planning on doing anything with Immune Pharmaceuticals, why haven't they ever even whispered about it in their recent news and filings?

[the_hoard]

If you spent more time with the idiots you’d know what happens once the bk is discharged. Though misguided, your curiosity is a good thing. Stay tuned.

[trader59]

Oh, OK, sure. I did want to look just to see if the delusions are still strong.
The purpose of this bankruptcy were to attempt to reorganize the company finances, which failed. After that failure, it was transitioned to Chapter 7, which liquidates and shuts down a company by law. A bunch of lawyers filing their bills with the court means they’re getting ready to close it out since the last of the assets, the remnants, have all been sold. That means the company has no assets, no employees, no business operations, and a pile of debt that will not be paid, yet a bunch of idiots think another company is going to buy it. Tell me what it is you think another company will get for doing that.

[the_hoard]

That’s a lie. You didn’t have to look. You wanted to. After all this time, you’re still missing the purpose of this bankruptcy. No matter.

[trader59]

I had to look, and I see the delusional one still pushing his BS, mixing up personal bankruptcies with corporate bankruptcies. You can't kill off an individual, and when they do Chapter 7, they're allowed to live on, but they start with absolutely nothing because the bankruptcy court has sold off everything they had of value and gave the proceeds. A corporation in Chapter 7 ends. This company has already seen every asset it had sold off, has no business operations whatsoever, no employees, nothing, and will still have whatever debt remains unpaid attached.

[trader59]

I see you’ve never read up on Chapter 7 bankruptcies. You do know that the final decree ends everything, right? Including the company.

Withdrawal of claims generally means the claimant knows there isn’t any money to pay the claim, and they just want to stop paying their own lawyers trying to get it.

[the_hoard]

Yep. Some even withdrew their claim. Final decree soon come mon.

[trader59]

Got the docketbird notification showing a lot of lawyers looking to get paid. This thing is almost over.

[Art67]

lol,idk banned from stocktweet for telling them they are useless.only assholes will be looking at something with Q.

[trader59]

Is the stocktwits echo chamber still active? Surely they've figured out fka IMNPQ is dead.

[Art67]

funny,maybe sad,that there's still clowns thinking this has any future,it's like dead person,they don't come back.anyone pumping still is an idiot,but that guy has proven to best of em,so atleast you number1 there asshole!

[the_hoard]

Does anyone have status updates on the tax case with Immune Ltd in Israel?

[trader59]

Immune Pharmaceuticals, Inc., is in Chapter 7 Bankruptcy. It has been liquidated and is no longer in business. It has no employees. The only activity is the completion of the bankruptcy by the trustee. That's it, and there hasn't been even a whisper from the company since the bankruptcy transitioned into Chapter 7.
Cytovia, Inc., was the subsidiary of Immune Pharmaceuticals, Inc, and was also liquidated in the process of the bankruptcy. It is dead.
Cytovia Therapeutics is a completely separate company and has absolutely no connection to Immune Pharmaceuticals, Inc. Never has and never will despite the delusions you cling to.

This is what chapter 7 is for corporations:

https://www.nolo.com/legal-encyclopedia/chapter-7-bankruptcy-llcs-corporations.html

That's the law, and it can't end any other way. You lost whatever you left invested in FKA IMNPQ stock.

[the_hoard]

You choosing to stay in denial is on you. Immune pharmaceuticals, immune pharma sas, Cytovia, Cytovia Therapeutics, Naya are all connected and generating substantial value for longs. Do your dd. Or don’t. Not here to convince you or anyone.

[trader59]

No, we’re not going to agree to disagree until you put forward anything other than a court record that says Immune has anything going on except the bankruptcy. That’s the thing, the delusional one keeps posting up about every company in the business of pharmaceuticals having an invisible connection somehow, never posts anything from those company that shows an affiliation, and it’s because he can’t.
Chapter 7 bankruptcy ends with the company being liquidated and shut down, every time, by law.

[the_hoard]

As I said, we’ll agree to disagree. Immune is alive and well. Once bankruptcy is completed we’ll both be able to appreciate who’s right.

[trader59]

Immune Pharmaceuticals doesn't own any drugs. They were sold in the liquidation
Immune Pharmaceuticals isn't involved in any partnerships. The business is shut down.
Immune Pharmaceuticals doesn't have any employees. They're all gone.
You don't get to ignore that Chapter 7 bankruptcy, which Immune Pharmaceuticals is in, liquidates and shuts down every company that enters it by law. There is no escape, and all that crap from the delusional one is just that. There is zero mention of anything happening to or with Immune other than the court records.

[the_hoard]

What ramblings? From whom? You’ve been sharing the same information, copy and paste for years and refuse to comprehend the information that’s been shared about the drugs, partnerships and employees. All of which is fine for you to ignore. I chose not to long ago.

[trader59]

You're one who has refused to learn about what Chapter 7 bankruptcy is and how it ends 100% of the time by law, choosing instead to listen to the delusional ramblings of the willfully ignorant who proposes that Immune is somehow involved in several other companies' business plans even though there's not even a sliver of evidence, not one single word from those companies that Immune has anything to do with them. Immune Pharmaceuticals is in Chapter 7 bankruptcy. It has been liquidated, every asset that had any value whatsoever has been sold to another company. It has no employees nor business operations, the only person working on it is the bankruptcy trustee. When the trustee closes that bankruptcy by rolling up all the proceeds from the sales and other collections and distributing it to the creditors, Immune won't even exist on paper. That trustee has already stated those proceeds won't even come close to covering the debt, so in the end, shareholders will be part owners of a dead, empty, debt ridden company.

Read through this and explain to me how on earth anyone would conclude there's any value to FKA IMNPQ former shareholders even today:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175268171

Chapter 7 for Corporations and LLCs: How It Works

Unlike Chapter 11 bankruptcy, Chapter 7 doesn't have a mechanism that allows for the continued operation of a corporation or LLC. Chapter 7 is a quick bankruptcy chapter designed for people and companies without an income source to pay debt. The primary function of Chapter 7 is to liquidate assets and pay creditors, which is why filing this chapter will shut down the company.

To achieve an orderly business liquidation, the bankruptcy trustee will sell all of the corporation or LLC assets and distribute the proceeds among creditors according to the priority rules established in bankruptcy law.

As discussed briefly above, not only will filing Chapter 7 close the business, but corporations and LLCs don't receive a debt discharge. It isn't needed. A creditor can't collect from the company once it's no longer operational. After all assets are sold for the benefit of creditors, as required in a business closure, nothing of value will be left to take.

Also, leaving the debt in place rather than wiping it out allows a creditor to pursue actions against individuals when appropriate. For instance, a creditor might seek payment under a personal guarantee (an agreement to be personally responsible for business debt) or pursue litigation under an alter ego or fraud theory.

[the_hoard]

Trustee closes this bankruptcy, 2025 becomes the year for Immune shareholders. This has been the most interesting investment I’ve ever made.

[trader59]

That case does not apply to FKA IMNPQ. The judge's last order approved the sale of the remnant assets. They're gone.

[Letterpenny]

We are alive and well. Keep watching the show. Be well. Letterpenny

[Letterpenny]

We are still in bankruptcy folks and we will remain in bankruptcy until all targets are merged. We have a years to go. I do appreciate the heads up from the last bit of news by INVO. 300 plus days until those controlled shares are converted. That however can change again once we do the next re-cap merger. Next deal is ESHA deal. That will be a good one. The new Fianl SPAC rules aren’t effective for another year. So that obligation to report is out the window. Good times. It’s great having EGC status nd not having to report anything. Lots of fund managers at work for Astra Zeneca. No liquidity for 4-5 years. Enjoy the wait and desk trading. Cuckoo Penny

[Letterpenny]

Let’s not forget that Cytovia is still under bankruptcy hence why it is so important to understand……..”M&A activity happens when companies want to expend, unite efforts, move into new segments, or maximize stakeholder value. After the transaction is complete, new shares are distributed to the shareholders of both merging companies. An exchange offer usually happens in bankruptcy cases, when a firm or financial entity exchanges securities for similar ones at less rigid terms.”

[Letterpenny]

Most importantly is the IP ASSETS that are to transferred through the sale. It’s perfect people. Couldn’t ask for a better deal. We have one more year to go. Until then it’s just relaxation time. Enjoy.

[Letterpenny]

So folks. Looks like the remnant assets won’t be sold for a year. Looks like we have to wait until…….
“ WHEREAS, Kemnant Assets specifically exclude: (a) cash held at the time of this Agreement in
the Seller's fiduciary bank account for the Debtors' cases; provided, however, that any cash that exists in such bank account one year from the date of the closing of the Debtors' cases, except as provided in sub provision (b) herein, shall be Remnant Assets; (b) any returned or undeliverable creditor claim distribution checks that require administration in accordance with 11 U.S.C. § 347(a); (c) any and all Goods' (e.g., office furniture) of the Debtors; (d) the books and records used by the Debtors in the ordinary course of business, but excluding any recent statements, notices or correspondence received by the Seller relating to Remnant Assets specifically acquired in this Agreement, provided that the Trustee shail be entitled to retain copies of the foregoing; and (e) the Purchase Price (as hereinafter defined) to be delivered pursuant hereto;”

[trader59]

That's a pretty absurd way to think, that someone telling you you're wrong means you must be right... that approach will lead to heavy losses.

This company is gone, already substantially liquidated, already completely out of business, no value to anybody for anything. I expect you haven't even looked at that link I posted about Chapter 7 bankruptcy. Could save yourself a lot of mental anguish.

[Letterpenny]

Remember this people. We must educate to elevate. Knowledge is power. Focus on your investment. Never give up. Don’t listen to naysayers. The more right you are the more push back you will have. After a victory tighten your laces on your helmet. Love yourself. Stay you. Crazy Kenny

[trader59]

You don't hold equity in Cytovia Therapeutics. It is a completely separate company. Whether it uses a SPAC to go public or not has no bearing on your dead FKA IMNPQ shares. Your investment was a total loss. 

[Letterpenny]

Forgot to mention that we still have the overhang of the BK case. That definitely plays a role in our investment. So what I just posted may need wait until bk is over. Don’t know. But I do believe it does. Stay strong.

[Letterpenny]

The next SPAC investment will allow Cytovia owners an exit on their ownership. You don’t have to sell all shares. You can divest whatever quantities you’re comfortable with. Simple stuff. You just don’t take the same route as you would with the market. You have to get your lawyers involved. I guess if you are sharp guy then maybe you don’t need legal. I always think that it’s best to use a legal team. Especially when dealing with money. Best to you. Hope this all helps. Stay you!

[trader59]

For folks that want to learn about Chapter 7 bankruptcy and how it ends, you can read this:

https://www.nolo.com/legal-encyclopedia/chapter-7-bankruptcy-llcs-corporations.html

Chapter 7 for Corporations and LLCs: How It Works

Unlike Chapter 11 bankruptcy, Chapter 7 doesn't have a mechanism that allows for the continued operation of a corporation or LLC. Chapter 7 is a quick bankruptcy chapter designed for people and companies without an income source to pay debt. The primary function of Chapter 7 is to liquidate assets and pay creditors, which is why filing this chapter will shut down the company.

To achieve an orderly business liquidation, the bankruptcy trustee will sell all of the corporation or LLC assets and distribute the proceeds among creditors according to the priority rules established in bankruptcy law.

As discussed briefly above, not only will filing Chapter 7 close the business, but corporations and LLCs don't receive a debt discharge. It isn't needed. A creditor can't collect from the company once it's no longer operational. After all assets are sold for the benefit of creditors, as required in a business closure, nothing of value will be left to take.

Also, leaving the debt in place rather than wiping it out allows a creditor to pursue actions against individuals when appropriate. For instance, a creditor might seek payment under a personal guarantee (an agreement to be personally responsible for business debt) or pursue litigation under an alter ego or fraud theory.

The company is gone, your investment is gone, and the sooner folks realize that and move on from it, the better.

[Letterpenny]

Roivant is another company that is a perfect example. It is a mix of public and private ownership. Look at it as everyone wants to get paid eventually.

[Letterpenny]

Don’t fret. Our shares can only be frozen for so long. There is always a way out. Crazy K

[Letterpenny]

Maybe look at Centessa and how it was created. It was formed by 10 mergers. It remains private and it is publicly funded. We have so many more mergers to go. Probably 12-14 mergers to get to our goal. Still many more mergers to get to their goal.

[Letterpenny]

I will be around people if you ever need help. I don’t want people thinking I’ve left you high and dry. That’s not fair to you guys. I’m being told that I need to remain here to help out those who might need the guidance and support. Look at me as a shoulder to lean on in these confusing times. Lots of evil greedy forces wanting people to fail. Fraud, bad actors and greedy fund managers are running our show. All we have is each other at the end of the day. I prefer to work together on a common goal than ripping each other apart. Sounds crazy in today’s environment but that’s where I stand. Tolerance and patience is key here. Be well. Stay you. Crazy K

[Letterpenny]

For the folk that want to learn about hub and spoke. Hope this helps the good folk here. https://www.lek.com/insights/ei/hub-and-spoke-model-emerging-biopharma-trend

So each year we should have a new company. But in our situation, and as far as I can see and predict, no liquidity for Longs as each company will eventually roll upwards. Time will tell. 2025 will definitely give us our answer for the future.

[Letterpenny]

BioXCell is getting primed for merger / financing
Cytolynx could be getting primed as well for same thing:
ESHA is ready to do the job for either.

Naya / Cytovia has a long way to go. 4-5 years of great work to come.

God bless you all and have a wonderful holiday season. Peace be with you. Be safe. Stay you, Lots of love. Letterkenny

[trader59]

Cytovia Therapeutics is not a subsidiary of Immune Pharmaceuticals. They have absolutely nothing to do with one another. Immune Pharmaceuticals is in Chapter 7 bankruptcy being liquidated and shut down. I see you still refuse to read up on Chapter 7 and how it ends. Your stock is worthless and dead, whatever you paid for it was a total loss.