Iris BioTechnologies (fka IRSB)

[willlbone]

Got a starter at 14 cent.

[kindo]

I guess we need news for this to move??

[kindo]

You on the wrong board?

[toytundra]

I'm looking to add a few more around the .24 range. With the low float, CEO buying, and the big drop with little volume I'm thinking this hits $1.00 soon.

[4ward]

Nevermind...found it

http://worldwide.espacenet.com/publicationDetails/originalDocument?FT=D&date=20151209&DB=EPODOC&locale=en_EP&CC=EP&NR=1222602B1&KC=B1&ND=4

[4ward]

Hope Simon Chin has info other than this...and if so, pony up...
T 1285/10 (Genetic analysis computing system/IRIS BIOTECHNOLOGIES)

< www.epo.org/law-practice/case-law-appeals/recent/t101285eu1.html >

European Case Law Identifier: ECLI:EP:BA:2014:T128510.20140523

Summary of Facts and Submissions

I. The appeal is against the decision of the examining division, posted 15 January 2010, to refuse European patent application No. 00 957 869.1. The decision was based on the grounds of added subject-matter

(Article 123(2) EPC) and lack of clarity

Here again, the board is not convinced. The system of D3 does not simply compare indicators with thresholds but uses a correlation between a plurality of indicators and a plurality of diseases to provide a diagnosis, and relies on personal factors to provide a medical treatment (see for instance page 2, lines 5 to 33). Even if it can be assumed that a genetic database comprises a much larger number of parameters than the database of D3, the implementation of such a database in the system of D3 does not require any inventive skill for a computer specialist.

Order

For these reasons it is decided that:

1. The decision under appeal is set aside.

2. The case is remitted to the department of first instance for further prosecution.

[kindo]

Just had a 40 minute phone conversation with the ceo, Chin Simon. Very interesting man to say the least. They were issued the patent and when asked if they plan to pr the issuance he said they typically don't issue pr'd for that. Kind of crazy in my opinion but that's just me. The company is on schedule to roll out products in 2016 and also intend to up list to the Nasdaq.
Like he said they wanted to be very thorough, cross all t's and dot all i's before bringing products to market. Sounds like a big year coming up and with such a small float once the ball starts rolling and word gets out this with really run!
Good luck all!

[4ward]

Wonder what happened to the European patent he was to receive on Dec 9th?

[kindo]

I just wonder why the run last week on no news and now all is quiet????

[kindo]

Well you can say what you want but whether it's his salary pay or if he bought on his own it is still his money buying the shares and owning two thirds of the float I'm sure he wants the company to do well.

[Fugu]

Decent size Bidders showing up..

[albundy]

i agree its not a major one, but i think it does say a little something. i mean, who knows what Chin's time is worth, but at face value, it seems that he's working for shares only. not a really compelling case by itself though.
edit: and thank you for the correction on the price. .047, not .07.

[Welican]

the 2.6 acquired on 11/12 was for 125K in salary that was paid in stock at a price of .047. So that really isn't an endorsement either..

Remarks:
$125,000.00 in salary paid in stock

[albundy]

also true. 2.6M @.07 ($136k) is a much bigger endorsement, just at a much lower price.

[kindo]

True but he does own two thirds of the float which says alot

[albundy]

its better than selling shares, but a $900 purchase isn't a major endorsement.

[kindo]

CEO buying more shares! Only around 5 million shares in the float! Any news and this baby is over a dollar in a day!

[kindo]

Not too many

[kindo]

Not to one any shares available so any news should move this fast!

[albundy]

safe to say this one is rather volatile. i hope its worth holding.

[kindo]

Looking forward to the upcoming week and resuming the climb back to $2.00+ per share!

[albundy]

then whacked down to .35 :(

[startingboy]

82k @.59 $$$$ ;)

[albundy]

spread is really compressed now. kinda odd.

[4ward]

Huge Bid chasing IRSB up up and away...

Next week this gets real...

[startingboy]

.64 hit :)

[Fugu]

Razor thin, gotta love the low floaters..

[4ward]

is it that time again??

[Fugu]

1.00 ask flash, watch out....

[Fugu]

This has the potential to go so much higher, why you think the CEO bought all those shares.. Patience is going to reward big here...

[4ward]

This is holding up beautifully...next week will be legendary as the anticipated patent PR should fly on or about Dec 9 according to the latest PR. IRSB

[startingboy]

looks like we going there :)

[albundy]

only showing 3600 shares on the ask b/t .57 and 1.78?

[Fugu]

There are no shares to be had, pay up punks!!

[startingboy]

.57 hit :)

[Fugu]

Holding up beautifully here. Few bid whackers but nothing sizeable...

[4ward]

Welcome back...nice size bid there

[kindo]

Advice

[kindo]

Thanks for the advise!

[4ward]

Into the Great IRSB Blue Abyss...

[sandtrap246]

I def sold too early. This thing's not stopping.

[Nicademus]

throwing a big bid up like that when you actually want to fill is counterproductive on something like this with 2.5mil float. Maybe try hiding smaller blocks of bids instead of a chunk. Makes people chase

[Roy London]

Man I may have sold too early....this thing is sick

[Lone Wolf]

How the heck does this keep going up by 100% every day!!! Geesh...stop it!!! lol

[4ward]

Congrats and best of luck to you!

I agree with the $2+ valuation and unfortunately won't be selling any shares to you...but I am sure somebody looking to cash out on a Friday may (would be smarter to hold though based on the December 9th patent and almost guaranteed Press Release announcing it). That is when this will kick into 2nd gear cuz I think we are still in 1st and ripping it up to dollar land.

My opinion for you: "A bird in the hand is worth more than 2 in the bush"

[kindo]

That's mine unfortunately only got 40,000 shares. I'm hoping tomorrow to get another 160,000 to 190,000 shares depending on price action. My feeling is this is going right back to $2+, hopefully! Good luck everyone!

[albundy]

so after a little more reading, it appears that this was trading >$2.00 before they ran into 2 snafu's (and before their patents were granted)
- Hanson McClain Filed False Reports With the Security and Exchange Commission Regarding Iris BioTechnologies - http://www.reuters.com/article/2015/03/30/idUSnCCN1Dxctm+1d0+MKW20150330
- Iris BioTechnologies Inc. Reports on Legal Proceedings Involving Heller Ehrman LLP - http://www.reuters.com/article/2015/11/25/idUSnMKW9flmta+1c0+MKW20151125

[albundy]

CDEL and ETRF now upticking. wow.

[startingboy]

.5399 hit :)

[Fugu]

What a beauty