Introgen Therapeutics, Inc. (fka INGNQ)

[Renee]

INGNQ: Finra deleted symbol:

http://www.otcbb.com/asp/dailylist_detail.asp?d=09/03/2014&mkt_ctg=NON-OTCBB

[Renee]

INGNQ SEC Suspension:

http://www.sec.gov/litigation/suspensions/2014/34-71465.pdf

Order:

http://www.sec.gov/litigation/suspensions/2014/34-71465-o.pdf

[buxmaker]

MMs are scamming us on INGNQ. Buying is still coming in. Most of the trading was up today. MMs keeping a huge spread and hitting the bid with 100 share trades at .011. As if someone would make a $1 trade, with an $8+ commission.

BUX

[deadjim]

I don't remember the specifics, it really has been that long.. however, the company who bought their assets is supposedly going into full production/operation, and if they make money, there is a clause that states something about Introgen getting a percentage. End of 2011-ish or so... this was beginning of 2010 when I came across this one. Playing it small from .01 and .0008

[buxmaker]

What is the catalyst?

[deadjim]

its a long into the catalyst, if you ask me. probably incredibly difficult to flip this one

[buxmaker]

INGNQ is starting to turn back up again. Bid at .016.

[deadjim]

From what I remember and why I originally bought into this, the catalyst is 3rd or 4th quarter 2011

[Welsh_Dragon]

I'm still in. Have not accumulated anything but shares are not easy to buy cheap.

[buxmaker]

Chart still looks very good for INGNQ. Accumulation is still underway.

BUX

[Welsh_Dragon]

Still under accumulation 0.014 vs 0.016 and rising..

[deadjim]

I checked my "VRMLQ-esque" account and realized I was up huge on INGNQ.. One more to go and I'll be 4 for 4. lmao

Cheers

[Welsh_Dragon]

CSTI back with an ask @0.032. Nonetheless I totally agree with you - 0.03 break on any volume will send this screaming.

[buxmaker]

if the .03's get taken out, this could get interesting.

[Welsh_Dragon]

CSTI moved their ask to 0.15!

[Welsh_Dragon]

MM has no choice but to bring the price up. Nobody is selling. Could be a very interesting day today. They are very active moving around the bid in a silly way.

[buxmaker]

Starting out hot today. Could break .03 soon.

[Welsh_Dragon]

Excellent observation buxmaker. CSTI took out their OWN ASK for 30k then the next ask up for 129k shares. I think it was NITE. And then they bidwhacked back for 5000 to put it back where it was around 0.015.

CSTI is controlling this stock. Clearly today they wanted to buy in a covert manner. I believe they even took out their own ask at 0.025 in an AH trade to set this up tomorrow..

[Welsh_Dragon]

Closed 0.02 vs 0.025. CSTI is the buyer. AH trade to boot 29795 @0.025

[Welsh_Dragon]

Big buying into close

[buxmaker]

I agree. Something is up here. All the heavy trading is at the ask, with some tiny BS trades at the bid, like the one we just saw for 300 shares. As if someone would sell $4 worth of shares.

The ask was hit for 121900 in one trade a short time ago.

BUX

[Welsh_Dragon]

Interesting action here power hour. CSTI working this stock for all they can.

[Welsh_Dragon]

CSTI wants to buy. They are playing some games but consistently on the bid with up to 210k.

[Welsh_Dragon]

Getting some bid interest today CSTI

[Welsh_Dragon]

Yes the rule was recently changed.

[buxmaker]

I noticed that for the last few weeks level II has been showing exact share size available on the bid and ask and not the 5K that it used to show.

Did the SEC begin forcing more transparency on the MMs?

BUX

[Welsh_Dragon]

Just not much available to trade - either direction. I also believe this stock has a high short % so if we get further runs definitely possible we see covering as people cash in the short and hedge against a possible future result for the shareholders. Not to mention the stock has been catching a bid for the past few months.

0.009 v 0.02 right now. 43k more just went down at 0.02. Love watching these trade and even moreso now L2 shows true best bid and ask sizes..

Cheers and GL

[Johnstown]

Nice spread now .0076/.02. Couple hits and back positive, 10,000 on the ask.

[Welsh_Dragon]

Support again @ $0.013. 45k at the ask. Finally saw ask under $0.02.

This is still under accumulation IMO. Buy at the bid or when the ask comes down (not often). Very interesting to watch with how thin.

[Welsh_Dragon]

Buyers are patient. Still looking strong in spite of low volume. No ask under 0.02 since Friday.

[Johnstown]

With a little preasure on buys, this could explode, very thin going up, nothing after 03 but blue skies.

[TheFinalCD]

What a move...from .0008 to .03

I missed Fridays action= I must be working too hard...



Historical Prices
Date Open High Low Close Volume Adj
Close
2011/05/23 0.030 0.030 0.013 0.016 152,749 0.016
2011/05/20 0.0075 0.030 0.0075 0.013 949,600 0.013
2011/05/19 0.0070 0.0070 0.0050 0.0050 51,500 0.0050
2011/05/18 0.0050 0.0050 0.0050 0.0050 258,666 0.0050
2011/05/17 0.0050 0.0050 0.0050 0.0050 1,500 0.0050
2011/05/16 0.0050 0.0050 0.0050 0.0050 200 0.0050
2011/05/13 0.0050 0.0050 0.0050 0.0050 86,485 0.0050
2011/05/12 0.0030 0.0040 0.0020 0.0040 35,166 0.0040
2011/05/11 0.0050 0.0050 0.0040 0.0045 124,000 0.0045
2011/05/10 0.0050 0.0060 0.0050 0.0050 5,565 0.0050
2011/05/09 0.0050 0.0050 0.0050 0.0050 500 0.0050
2011/05/06 0.0060 0.0060 0.0050 0.0050 50,660 0.0050
2011/05/05 0.0050 0.0060 0.0050 0.0050 7,000 0.0050
2011/05/04 0.0060 0.0060 0.0040 0.0040 106,000 0.0040
2011/05/03 0.0040 0.0070 0.0040 0.0060 282,994 0.0060
2011/05/02 0.0040 0.0040 0.0030 0.0030 143,893 0.0030
2011/04/29 0.0029 0.0040 0.0029 0.0040 215,482 0.0040
2011/04/28 0.0030 0.0030 0.0015 0.0015 109,906 0.0015
2011/04/27 0.0030 0.0030 0.0012 0.0012 75,460 0.0012
2011/04/26 0.0040 0.0040 0.0020 0.0020 60,800 0.0020
2011/04/25 0.0030 0.0030 0.0020 0.0020 50,600 0.0020
2011/04/22 - 0.0030 0.0011 - - -
2011/04/21 0.0030 0.0030 0.0011 0.0011 31,285 0.0011
2011/04/20 0.0010 0.0030 0.0010 0.0011 42,322 0.0011
2011/04/19 0.0010 0.0010 0.0010 0.0010 2,300 0.0010
2011/04/18 0.0030 0.0030 0.0010 0.0010 72,000 0.0010
2011/04/15 0.0010 0.0030 0.0010 0.0030 6,600 0.0030
2011/04/14 0.0025 0.0025 0.0010 0.0010 223,215 0.0010
2011/04/13 0.0030 0.0030 0.0030 0.0030 - 0.0030
2011/04/12 0.0040 0.0040 0.0030 0.0030 116,583 0.0030
2011/04/11 0.0040 0.0080 0.0030 0.0043 1,348,400 0.0043
2011/04/08 0.0014 0.0030 0.0014 0.0030 756,562 0.0030
2011/04/07 0.0012 0.0013 0.0012 0.0013 149,158 0.0013
2011/04/06 0.0014 0.0014 0.00080 0.00080 8,000 0.00080
2011/04/05 0.00080 0.00080 0.00080 0.00080 2,000 0.00080
2011/04/04 0.00080 0.00080 0.00080 0.00080 1,300 0.00080
2011/04/01 0.00020 0.00080 0.00020 0.00080 356 0.00080
2011/03/31 0.00020 0.00080 0.00020 0.00080 2,300 0.00080
2011/03/30 0.00080 0.00080 0.00080 0.00080 200 0.00080
2011/03/29 0.00080 0.00080 0.00080 0.00080 3,000 0.00080
2011/03/28 0.00080 0.0014 0.00080 0.00080 485,140 0.00080

[Welsh_Dragon]

0.018 vs 0.024 - 4 minutes to the close. 152k traded all day almost all above 0.025.

[Welsh_Dragon]

Under 50k traded since 11am EST

[Welsh_Dragon]

Yep and they even pulled that 0.02 ask before it was hit. Abstract trading on this one today with large B/A spread all day long. Volume has really tapered off..

[buxmaker]

Bids starting to rise on INGNQ. only 10K available at .02.

[Welsh_Dragon]

0.013 vs 0.024. Silly 1000 share bidwhacks but it is safe to say the interest is still there. No ask below 0.021 I have seen since Friday morning. Buyer is being patient.

[Johnstown]

1000 share whack brings it back down to 013 from 025, MM games I think, but what do I know, unless someone needed $13.

[Welsh_Dragon]

Just 116k volume so far today. I agree would be nice to see some buying here before EOD.

[Johnstown]

The lack of any buying isn't helping either. With low share count this could explode much bigger than the other Q's trading today.

[Welsh_Dragon]

The lack of any selling at all is striking. Nobody wants out thus far. This can move huge on just a few hundred K shares. $10k of buying makes this fly. IMO.

[buxmaker]

CSTI has 36K to sell at .027, then NITE has 37K at .03. Above that it is blue skies.

BUX

[hwllo]

INGNQ could move liek VRMLQ GWAY remember all the buys came above 1$ IMO















do ur own DD

[buxmaker]

Nice slow buildup today. Trades all at the ask. .025 x .027.

Could be a real mover.

[Welsh_Dragon]

Connecting the dots..

Seems to me that these INGNQ patents might be worth quite a bit..

(from Wikipedia)

http://en.wikipedia.org/wiki/Crucell

History

In 1993 Introgene, Crucell’s predecessor, was established as a spin-off of Leiden University. The company formed a partnership with Genzyme to collaborate on its vector technology and viral-based products. In 1999 the company founded Galapagos Genomics as a joint venture together with Tibotec. In 2000 IntroGene acquired U-Bisys to form Crucell.

In 2006, Crucell and Swiss Berna Biotech; Swedish SBL Vaccines and US-based Berna Products joined forces to become the sixth largest vaccine company worldwide, with their own clinical programs.

On 7 January 2009 Crucell released a press release saying Crucell and Wyeth were in discussion on a merger of the two companies. On 26 January 2009 Crucell released another press release saying the discussions on a combination of Crucell and Wyeth was discontinued due to Pfizer's acquisition of Wyeth.

On 28 September 2009 Johnson & Johnson bought 18% stake in Crucell for €302 milion in order to collaborate on the development of a flu vaccine.[3] This follows in the wake of Crucell's discovery of CR6261, a potent human antibody that neutralizes a broad range of influenza A viruses. J&J agreed to acquire the rest of the company in October 2010, taking its stake to over 95% by February 2011[4] and delisting the company from stock exchanges two months later.[5]



Adenovirus patent awarded to Introgen
By Anna Lewcock, 19-Dec-2006
Related topics: Materials & Formulation, Ingredients, excipients and raw materials

Introgen Therapeutics last week announced that it has been granted a European patent for the commercial production of adenoviral compositions.

Adenoviruses have immense potential as vectors in gene therapy and vaccination as they can be genetically altered in vitro to code for specific proteins, without producing pathogenic viral offspring.

The patent awarded to Introgen relates to the production of purified adenoviral compositions produced on a commercial scale, and that can be readily validated for regulatory purposes. Introgen has also been selected to manufacture the worldwide adenoviral reference material, which will be used by firms and institutions developing adenovirus-based products.

..

So should we be making money on stuff like this..

?
http://www.sirion-biotech.de/COM/technology/adenovirus.htm

[Welsh_Dragon]

I see JNJ bought Crucell for $2.3 billion in March 2011.

http://www.crucell.com/Johnson_and_Johnson_Offer

http://www.investor.jnj.com/releasedetail.cfm?releaseid=555562

[Welsh_Dragon]

I remember VRMLQ quite well I watched it trade after hours the day they put out the news release of the FDA approval for the ovarian cancer test. It came from very low if I remember 0.01 or even 0.0001 or something silly a week or so before the news. I posted on the forums at the time. VMRL was in BK but got FDA approval for their ovarian cancer test which materially modified the balance sheet when they licensed it. The BK case was resolved and the common came out intact. After the FDA approval you were paying $1 per share in the after hours and I believe it went up to $25 or so some months after that.

In the case of INGNQ the parts of the original company have already been sold so that bird has flown in terms of the company "coming back to life". Importantly though this shell has very low expenses to cover. After the $5m debts are paid off the estate will be paid royalties by Crucell "in perpetuity" I believe was the phrase used. Sounds good to me.

The real question is how much are those royalties worth + Advexin. If in the millions per annum then INGNQ should reasonably trade 41M O/S at over $1 so a value of $40 million is not unreasonable depending on how much the royalties might be. 35% is a big slice of the pie on drug sales. Anybody have DD relating to what this could be??

The MM showed signs on Friday they are willing to make big jumps when they see even minimal buying volume. It only traded 900k on Friday and ended up 160% (at one point 300%+) and the jump from 0.008 to 0.016 was in the blink of an eye. Also there was interestingly no ask under 0.021 after the stock traded above 0.02 for the rest of the afternoon. Even though the bid was lowered they sold 25k and painted the tape down to 0.013 there was nobody selling and the amounts of shares available on the ask were also very small. Didn't look like anybody was selling to me.

I think something is going on here and this can run hard. All IMO.

[hwllo]

INGNQ can it be the next VRMLQ from .01 to 20$ in 2 weeks we have to wait and see IMO









do ur own DD this is purely my thoughts and opinions

[seadrifter]

They have no expences, 1.5 mil in tax write offs and an income.

[seadrifter]

Ingn still owns 35% of pat. and tech. they sold to crucell, which jnj just bought out.