Manhattan Scientifics Inc (MHTX)

[rustydog62]

Not sure if this video from 3 months ago been seen here yet.

https://vimeo.com/690908208

[klarino man]

I like the space between doom and boom !
Buy low and you will do well .

[ssc]

Unfortunate that the facts about both companies come across as gloom and doom. Obviously most investors are able to separate the facts from the endless hype as evidenced by the price chart of ibx and mhtx.

[Sparroww]

Perhaps,

Just as bad are those who constantly spew doom and gloom and even short both stocks.

I suspect we have yet to see the end of either company!!!

[ssc]

Perhaps, but it sure has been easy for those who believed the manny, marv, proulx promotional machine to lose a ton of money. 20 cents down to 3 cents, 17 cents down to a penny, while insiders continue to ride the gravy train. I suspect the mhtx ride will end soon as the last payment from the metals deal comes and goes.

Of course, just as bad as manny and marv are those who spew bullish crap as they sell to anyone who believes them.

[Sparroww]

Yes prediction of gloom, doom and unlimited wealth have been predicted on this and other boards.

Heck, someone even predicted mhtx would be bankrupt a few years ago. So much for that.

Never believe anyone or anything written on message boards.

Of course, there have been some smart investors that managed to ride both up and down.

Proclaiming doom and gloom is easy, its hard to ride it and make some money in the process.

[ssc]

I wonder which will go below a penny first, mhtx or ibx? Odds would favor mhtx since it has been hovering slightly above a penny for quite a while and since its metals deal seems to be going nowhere (again). But a bet on ibx, particularly if proulx continues to fail to deliver on the phase I trial, would be a good bet as well.

For those who like the ultra-longshots, bet on ibx at 40 cents or mhtx at 11 cents as was predicted some time ago. lol

[ssc]

Any new calls for ibx to hit 40 cents lol? I wonder what went wrong the last time that prediction was made. Any links to explanation for that?

[rustydog62]

❇️ #ASX : $IBX (6th way of imaging)
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❇️None of them can tell you the difference between a Benign/Malignant
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— 💙 X_R_P 🦋 V_R_A 💙 (@XRP_DigiGold) June 15, 2022

[ssc]

Great stock to buy low as price has moved steadily from 21 cents to less than 3 cents. Problem is buy low and sell lower is a recipe for losing money.

[klarino man]

Good post brave One.
Remember,buy low !

[ssc]

Wow, is that contract what's keeping ibx above a penny? lmao.

[rustydog62]

IBX has a contract for making and sharing patent for delivering nano particles for them on this...

https://patrys.com/pat-dx1-significantly-improves-survival-in-animal-model-of-pancreatic-cancer-2/

[Sparroww]

I'm pinching my nose and buying a little more at this price.

You take your chances and you roll the dice. Welcome to penny stock world.

If you can't afford to lose it, stay away.

[ssc]

ibx now under 3 cents. All the proulx fans, all those who think ibx won't be raising cash soon - what were you thinking?

All those who put so much value on the never ending stream of promotional videos, articles and interviews - time to revisit penny stock 101.

[ssc]

Strange that you agree with this statement:

Really cumbersome trial design for the poor patients that have just been dealt some terrible news. It's not like we're offering them a shiny new drug to treat their cancer. They get absolutely zilch out of participating in the trial and I feel this wasn't considered.

But when I criticized proulx for this poorly designed trial, you disagreed. Argument for the sake of argument? Or perhaps nothing better to do when stock is 3 cents heading for a penny?

[Sparroww]

People, need to also know that.

-IBX is collaborating with Siemens on the Phase 1 Study
-IBX ended Q12022 with $10.6M in the bank. Operating cash outflow of $2.3M in quarter, so not sure where "cash remaining of one or two quarters" came from.
-R&D Tax incentive expected in Q3 2022 which will help offset some expenses.
-Yes, there will be more money raised in PPM's of 10%, not sure when.

There is nothing of a sure thing here, you takes your chances and do your own DD and never, ever believe anything you read on these or other anonymous boards.

On the trials, I agree with another poster on another board when they state.

"I agree with you regarding enrolment numbers. Really bad and I've said it elsewhere but they can't keep blaming COVID. Really cumbersome trial design for the poor patients that have just been dealt some terrible news. It's not like we're offering them a shiny new drug to treat their cancer. They get absolutely zilch out of participating in the trial and I feel this wasn't considered.

However regarding giving some efficacy detail - what they've repeatedly said is that at this stage of the trial they are unable to draw conclusions and providing information to this effect could actually turn out to be misleading given the number is so small. All they can say is that the nanoparticle is reaching the lymph node.

For example let's say they have 5 patients. Of those 5 only a portion (who knows how many) are going to have disease in their lymph nodes - say it's 2. Now if the technology is working and its lighting up 2/2 times on MRI/MRX that's great but it would be dangerous to release that to the public, as the sample size is so tiny that it may have been luck. Imagine they did release that information and then they've got their 15 patients it only worked in 2 out of 6 lymph node positive patients, how angry would everyone be? I'd say people would consider legal action for providing misleading information. It's too early to release the info. If it get's to full enrolment of 15 or whatever and 6 out of 6 or 9 out of 9 lymph node positive patients light up on MRI/MRX then that's certainly more convincing than 2 out of 2 (it may even be that none of the patients thus far have had lymph node disease!). All they have said is that the nanoparticles have reached the lymph nodes are thus have enough confidence to proceed with enrolment. As frustrating as that is for us, at least they haven't stopped the trial early because the results have been duds."

[ssc]

People need to listen to proulx when he speaks because mixed in with all his hubris and self-promoting crap are bits and pieces of the real story. In one of his recent interviews he said he was confident there was enough cash to last another quarter or two. Based on how the trial enrollment is progressing (or not progressing), it seems doubtful it will be concluded before more cash is needed.

Everyone can believe what they want, but when it comes to sure things, I tend to feel a need to confront them when they are anything but sure. Good luck and hope ibx can elude the sub-penny world. Price action over the last couple of months indicates (at least to me) that more big time dilution is on the way.

[Sparroww]

Many are getting out, for many reasons. I won't delve into them at nauseum.

One thing is sure and it seems that IBX does have enough funds to finish the Phase 1 trial and IMHO the trial will be successful. I believe that the technology works and eventually the price of the IBX will follow the success of the trial. Its only a matter of time.

I and many other real shareholders are not happy, but, I will not get down on the work that is progressing on the phase 1 trial. No more whining from me.. Results will come and they will be positive.

Now comes the difficult part, raising funds for the Phase 2 trial and unless the success of the phase 1 trial creates an increase in the share price things will get bad and much dilution will follow.

Can't take the heat, buy Tesla..or not.LOL...your choice my fellow IBX fans.

[klarino man]

I totally agree,if too hot get out!

[ssc]

ibx .033, good chance for sub-penny as trial drags on and proulx gives one interview after another yet produces nothing.

mhtx - what happened to the metals deal? Not a peep from manny and marv as they happily, quietly continue to such shareholders dry.

[Sparroww]

Cancer trials and anything in this field needs Big Money honey, there is no question in my mind that Proulx will need more money and thus more dilution.

There is some money coming in from the the R&D tax rebate which was ~2 Mil last year. Add that to what seems to be growing sales in nanoparticles and the pain of the next dilution may be less, nevertheless it will be painful.

Don't want to be part of this, then don't invest. It's hard to completely cry foul on anything the company does when you have no real money at stake. I can honestly say I have some of my hard earned cash in this one.

Is it a risky bet? you bet it is but the multiple gain if successful is high.

Don't like my humble opinions, no problem.

[ssc]

Big money? When will it start flowing in? And will it be enough to fund the current trial and the next one which will actually be meaningful and cost way more than the first one? Or is dilution still the name of the losing ibx game?

[Sparroww]

Truth be told, I really like this. There is big money in them nanoparticles.

https://imagionbiosystems.com/our-technology/nanoparticles/?utm_campaign=Nanoparticle%20Sales&utm_content=208722862&utm_medium=social&utm_source=twitter&hss_channel=tw-824380502626799616

[Sparroww]

Truth be told, I really like this. There is big money in them nanoparticles.

https://imagionbiosystems.com/our-technology/nanoparticles/?utm_campaign=Nanoparticle%20Sales&utm_content=208722862&utm_medium=social&utm_source=twitter&hss_channel=tw-824380502626799616

[ssc]

The truth? - manny and marv's worst enemy. Proulx pretty good at evading it on certain issues too.

[Sparroww]

hey wfgodot, I have been asking that questions for months and its been dead air. No one knows.

My gut tells me research there has ended and they moved that first prototype to San Diego.

Another "why hide anything" moment. Just tell shareholders what happened, how can it be so damn hard. Shareholders like the truth coupled with a reasonable explanation.

[ssc]

I'll take a shot at answering. After all those years and 10's of millions of dollars, still waiting for proof any of it is commercially viable. Latest joke is the first Phase I trial which began 1 1/2 years ago and ceo Proulx still hasn't been able to enroll 15 people in it.

Manny and marv were sly enough to spin off the technology to Imagion (ibx) which ipo'ed at 20 cents but now trades under 4 cents after massive dilution and still no proof it works.

[wfgodot]

Can someone tell me what happened with the research that MHTX was doing at MD Anderson with nanoparticles and their diagnostic instrument to detect cancer cells. I believe it's been over 8 years ago that they started this research?

[ssc]

mhtx .008, ibx .037, the manny-marv gravy train coming to an end. Proulx probably has enough bs in the tank to keep diluting and riding ibx for a couple more years, although at the rate his trial is going there might just be a cure for cancer before this imaging technology is ever commercialized.

[ssc]

Proulx is a shameless promoter. He does interview after interview trying to paint a positive ibx picture all the while diluting shareholders into oblivion. If there was anything else positive to say he would have already released a video about it.

Time to face the fact that anyone who owns shares now simply bought in too early. Lots more dilution on the way and who knows how many more years before the technology if validated. Manny and marv all over again.

By the way, why no updates on the metals deal? Lock all of them up.

[klarino man]

WELL SAID AND IN TOTAL AGREEMENT 1

[Sparroww]

Well folks, when you have Proulx recently saying that " that patient recruitment still remains challenging" and no recent updates, coupled that with a very poorly designed, cumbersome trial and no real data shared on the trials, you see the results.

You can't expect a rising stock value when you tell your shareholders that basically, the trial so far has not given them any real conclusions.

Proulx needs to update shareholders on the patient study, the MRI study, Siemens collaboration, anything positive that shareholders can hang their hats on.

[klarino man]

Someone is buying low ~~~

Will more than double /triple on herd mentality alone.

[ssc]

Should have said all this Proulx bullshit and ibx hit $.036 today. And still can't get 15 people enrolled in a trial that began 1 1/2 years ago. Shameful.

[rustydog62]

I should have said "on analyzing their PrecisionMRX nanoparticle magnetic relaxometry particle images on perfecting them to the best".

[rustydog62]

IBX has been working with Bruker Corp, (largest magnetic resonance imaging company in the world), on analyzing their nanoparticle magnetic particle images on perfecting them to the best. Why might the number one leader of producing cancer images be helping IBX out? I think I know why IBX just expanded their research facility 10 times in volume. Take a look at this video of Bob Proulx, lead IBX scientist, and a top Bruker scientist collaborating on ways to perfect them. It was made about 3 months ago.

https://vimeo.com/702153079

[rustydog62]

Did you know our #PrecisionMRX nanoparticles are precisely made with high magnetic relaxivity, making them ideal for a wide variety of biomedical applications? Learn more about our line of available iron oxide nanoparticles here: https://t.co/jz7cbyQhHh pic.twitter.com/xxqnczEs7K

— Imagion Biosystems (@imagionbio) June 2, 2022

[klarino man]

I agree ,a nice interview.
I would love to not have to do a biopsy every year for my prostate .
We'll see ~

[rustydog62]

Nice interview with Proulx...

https://vimeo.com/713391803

[ssc]

ibx burns cash every day and the burn rate is increasing. The cash will not last indefinitely, so no one can say they have enough to complete the trial because no one knows when the trial will end. In fact, no one knows if proulx will ever enroll enough people to complete it in a meaningful way.

I don't see why some want to cut this guy so much slack. He's been running the show for years, even going back to before the spinoff. In spite of all the hype, all the interviews, all the articles, still waiting with a finger in the wind to find out of the technology is commercially viable (proulx's own words, not mine).

IMO there is (more) big dilution on the way and that is why stock is heading toward a penny again.

[Sparroww]

Let's not go crazy,

Yes the testing has been slow and dripping out here and there but the testing in both human and animal has been as expected and positive.

While positive in form, the new production facility and recruiting of new personnel will be a money drain and new funding will need to be raised. However, Seems that IBX does have enough funds to finish the Phase 1 trial and IMHO the trial will be successful. The technology works and eventually the price of the IBX will follow the success of the trial. Its only a matter of time.

How much time is the question and how many are willing to stick it out and not be spooked and sell.

The sale of nanoparticles will be surprising, so let it all play out before we jump on Proulx further.

Holding and hopeful.

[ssc]

ibx 4 cents. Looks like proulx still falling disgustingly short on getting the trial enrolled and completed. Also appears those nanoscintillators aren't so exciting to the investing community.

How's the metals deal coming along? Payments almost done, mhtx running out of cash, manny and marv still draining the gravy bowl. Lock them up.

[ssc]

How about if proulx just did his job and gets the trial completed so the decision can be made regarding whether or not this technology is worth going forward with? He operates the same shell game manny and marv taught him so well.

By the way, what ever happened to the metals deal? Not a word from manny and marv this year. Lock them up. Use Bernie Madoff's old cell. Why would anyone continue to defend these con artists?

[Sparroww]

Although positive at first glance, this is not good news for IBX shareholders. Proulx needs to focus on IBX and nothing more.

This press release is nothing more than self promotion, unless Proulx can be more transparent and less self loving and tell his shareholders..Why do this at a time?

Just weird and strange.

[ssc]

Do you think proulx will do as much for these other companies as he has done for ibx shareholders? lmao

[rustydog62]

If IBX is the team developing the nanoscintillators for the Glioblastoma cancers for GCT, who might be the one for the Covid-19 images down the road, (especially since their boss is an advisor now)?

[ssc]

Wow, half million dollar deals. Really? I know a local bagel shop that generates more cash than that. Let's hope Proulx won't be counted on for advice on setting up any Phase I trials. Time for being a director of another company but still can't get 15 people enrolled in his own trial now almost 1 1/2 years old.

Hopefully he won't be giving any advice on how to increase shareholder value either. ibx 4 cents, down from 20 cent ipo price. What a shameless self- promoter.

[rustydog62]

Mr Proulx is now a Senior Corporate Advisor to GCT, (company that has two current half million dollar deals which IBX is working on).

https://www.pr.com/press-release/861810

[ssc]

So in the real world, the tech is promising though unproven and many years from possible commercialization. The stock, on the other hand, sucks because of dilution, failure to get the trial fully enrolled, and proulx burning cash like dry wood in a forest fire.

And don't forget manny and marv, sucking all the cash out of the company as fast as it comes in and not a word about the last metals deal which apparently will run out this year. Shameless, all 3 of them.