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If anyone here is still holding IPAH and would like to sell @ .0001, please PM me and I'll put in a buy order for what you have.
Thanks.
MS99
IPAH SEC Suspension:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=75547630
I am curious as to the news you are expecting? I am still holding and have been for awhile.... I would love to have a little hope with this one!
FOr everyone still holding on to this stock we may be in for some good times ahead seems like the board has been dead and now its just the calm before the storm and we will be heading into unchartered territory with this stock reaping very high profits
i bought this stock at 0.0001 im hoping to see 0.01 early next week and when news comes out 1.00 not sure how long we will have to wait for good news keeping my fingers crossed.
up 60 percent already I will be holding on to this stock for a while what does everyone else think??
1.00 dollar a share i see this coming up very soon and only thing is i think they might do a reverse split to tho at .50 I could be wrong regardless when it hits a 1.00 dont forget i told you first.
I am not trying to pump this stock just keeping my fingers crossed for the 1.00 waiting for them to drop the negative EPS and turn it into a positive any time now
So they received entrepreneur of the year award in 2011. I see a great future for this stock:) keeping my fingers crossed
Yeah I saw the bid building a bit today. We shall see. IPAH
MS99
IPAH hinting at a pick up in volume and maybe a little run soon?
No mistake, see the following posts:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=70721089
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=70721318
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=70723296
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=70723956
Never got off and running as the poster was sent to I-hub jail until the 25th. Once out, I think the action will return here and in a big way, with MR behind it multiple pennys possible IMO.
Still counting my profits from N*RS
GLTY
MS99
I think they called it by mistake ..lol
Still waiting for volume to pick up to find an entry point. This stock is on a lot of radars due to the MR call a few weeks ago. I don't think this is done yet. IPAH
MS99
hey elks, are you here too ?
Let's keep on eye
Looks dead
Thinking a plays coming
Did you get the email ? .. this is a dead stock
Mummy return or what ?
Good question
how huge? up 400% already,room for more?
Thanks for that DD...added on Friday from moneyrunners alert! This shell looks clean as a whistle!
LOOKING FOR A HUGE SPIKE COMING HERE............IPAH
Some quick DD here. 66,738,422 shares outstanding. Assets sold to this company in 2008 : http://www.amneal.com/contact/
From the proceeds of the sale all liabilities of Interpharm were paid in full as well as the preferred shareholders getting some $$.
This is a totally clean shell, 15-12B filed May 13, 2008 which makes it easier for a R/M.
THIS IS WHAT I BELIEVE IS DRIVING THE STOCK RIGHT NOW, TAKE A LOOK AT THE SHORT POSITION ON THE BOOKS FOR OVER 2 YEARS!
http://www.otcmarkets.com/stock/IPAH/short-sales
With volume picking up the squeeze is on.
Happy trading
MS99
Your take on IPAH recent price action?...HUGE spike in the last few months and today bullish signs...1/03/12 thx for your time...
Only news was 12/21/12:
http://www.amneal.com/headlines/archive
/Felbamate_OS_Release_12-21-11.pdf
This is all speculation. No PR and it went up.
No problem. I'd hate for people to speculate on it heavily if it starts moving and buy into a "mystery." There's no mystery that they sold all of their assets at that time. But who knows, maybe they were able to get more funding to start all over again. Until they come out with some concrete details, if it moves heavily, trade it only.
After some googling and skimming over their SEC filings, a few things didn't add up so I called the company that bought all their assets. Like others, I believed that they had acquired the company and I could buy IPAH and still benefit. The acquiring company's reply was to contact IPAH and ask them what happened. Then I just re-read the last SEC filing more carefully and it clearly states those facts. I hate reading those SEC filings but you see what a little reading will get ya. lol.
Very nice update thanks.
How did you find all that out?
The reason they have been quiet since 2008 is because most likely they are in R&D for new products or it's just a shelf corporation. They sold all of their assets for $61.6 million, including all ANDA related products, [i.e. their Effexor XR copy] to Amneal Pharmaceuticals. The company traded on the AMEX but the company was in default with Wells Fargo. To avoid bankruptcy or foreclosure by Wells Fargo, they sold everything, over 30 generic drugs down the drain, including their generic Effexor XR.
The Company will use the cash proceeds of the asset sale to (i) pay expenses incurred in connection with the asset sale (which are estimated to be $1 million) and (ii) satisfy in full all liabilities and indebtedness of the Company not assumed by the buyers (estimated to be $52.5 million), including a Success Fee of $500,000 and additional forbearance fees aggregating $275,000 payable to Wells Fargo which is payable under the Restated Forbearance Agreement if the asset sale is consummated.
The Majority Stockholders have entered into an Amended and Restated Proceeds Sharing Agreement dated as of May 1, 2008 (the “Proceeds Sharing Agreement”) which provides, among other things, that in the event that the holders of the Company’s Common Stock receive aggregate cash distributions from the Company or Amneal with respect to their shares of Common Stock of less than $3 million and the holders of Series D-1 Preferred (“D-1 Holders”) receive aggregate cash distributions from the Company or Amneal of at least $13 million with respect to their Series D-1 Preferred, each of the D-1 Holders agrees to share proceeds with all holders of Common Stock to the extent that proceeds to such D-1 Holders are in excess of $6.5 million, until all holders of Common Stock have received proceeds from the Company, Amneal and the D-1 Holders equal to an aggregate of $3 million.
The Company is not a party to, nor obligated under, the Proceeds Sharing Agreement to make any payments to the holders of any class or series of the Company’s capital stock other than as may be required under the terms of such capital stock.
Holding strong this one at these levels. It should get some more attention shortly.
looks good thanks :)
I updated ibox with a new chart from a good friend of mine.
They are being awfully quite about this since 2008. Its hard to find a lot on whats going on. I will email the group to see if they want to give some insight. If you believe in the "filling gap theory" it has been filled since the breakout and bounced back beautifully. I got in around there.
I got nothing right now but watching from l2 they had a nice spread Friday to entice some selling i think the BID went down to 07 at points in the day jumped right backup with some buying pressure quick. Closed 10. I am still looking around, i keep an eye on the amneal website for updates. I will get an annotated chart for this which i will add soon before open Monday morning.
i've been watching this one recently any other info you willing to share???
My first board modd'in guys let me know what you think, dont be too harsh! Anyone in play with this. Pulled back from a high .15 when i started the board a but from a week ago but i am, thinking this baby can probably got a lot more steam in the coming weeks.
Keep an eye. Private investor here. FYI!
Kurupt
IPAH
This should get some attention. Yesterday and today. Let me know what you guys think. I will dig up some more info tonight when i get home from work and it to ihub. Enjoy the ride!
Kurupt*
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http://www.amneal.com/headlines/news.php
FOR IMMEDIATE RELEASE
AMNEAL PHARMACEUTICALS COMPLETES AGREEMENT TO ACQUIRE INTERPHARM’S ASSETS
Paterson, New Jersey (USA), July 28, 2008 – Amneal Pharmaceuticals completed the purchase agreement for its wholly-owned subsidiary, Amneal Pharmaceuticals of New York, LLC, to acquire substantially all the assets of Interpharm Holdings, effective Monday, June 23, 2008. The acquisition includes Interpharm’s manufacturing, R&D and administrative facilities on Long Island, New York as well as the intellectual property of approved ANDA’s, products under development, technology and processes.
Through extensive due diligence performed by Amneal and its team of experienced professionals, a clearly defined plan is being implemented, leveraging Amneal’s tremendous supply chain relationships, strong leadership and robust financial position to springboard these products. To drive maximum value from Interpharm’s portfolio, Amneal began working several weeks prior to dramatically increase the flow of raw materials, refine manufacturing work processes and add extensive focus in quality management.
“Since executing the agreement in late April, we have spent hundreds of hours with the Interpharm team to build an in-depth knowledge of their current processes, equipment and people. We are incredibly excited about this new phase of Amneal’s growth and the new team members have enthusiastically embraced our commitment to exceptional customer satisfaction, unrelenting quality and superior service levels as well as highly efficient operations.”
Amneal president Chirag Patel comments, “This acquisition directly addresses numerous strategic initiatives for Amneal and aggressively accelerates our growth in areas defined in our long term plan.” Amneal now lists assets of over one hundred products approved or filed with the US FDA and in development, controlled substance (C II-V) production, hormonal production suite, high potency production suite, soft gelatin capsules manufacturing, liquids manufacturing plant, 15+ billion unit oral solid capacity and expansive R&D centers in New Jersey, New York and the newly opened India R&D Centre.
Amneal Pharmaceuticals LLC, headquartered in Paterson, NJ, is a USA-based firm that develops, manufacturers and distributes generic pharmaceutical products regulated and approved by the US FDA. Positioned as “Generic’s New Generation,” the company utilizes diverse R&D and manufacturing expertise to conceive breakthrough developments with lasting impact. Vigorous ANDA growth and broad product acquisitions are key features of Amneal’s strategic growth plan, as is the company’s commitment to building deep relationships with its customer base. Amneal delivers superior service levels, quality products, and dynamic value throughout the pharmaceutical industry.
###AMNEAL CONTACT: Jim Luce, EVP-Sales & Marketing
Mobile: 949-633-2293
E-mail: jim@amneal.com
########Share Stucture########
Estimated Market Cap
$6,673,842 as of Jun 5, 2009
Outstanding Shares
66,738,422 as of Feb 11, 2008
Number of Share Holders of Record
167 as of Nov 15, 2007
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