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$MYRX - I get more and more excited about this company the more research I do. Just a ton of potential here with the $147 million NOL’s, it’s cash, and its 1.4% stake in Enzon Pharmaceuticals.
$GVSI is a shell company with no assets that I know of and it has a market cap of $78 million now after a custodianship. $MYRX would be trading at $2.26 if it had similar market cap!
Are you talking about the OS? I didn’t see it on the Utah site. You have to pay to see the annual reports it looks like. I should just pay to see it since I own so much of this.
are those numbers the same on the state SOS?
At least they are active and current with Utah SOS so that’s a good sign.
call them, most will give you the correct count as of close of market yesterday. Some M/M's will not provide that service though. second best is here: https://www.otcmarkets.com/stock/MYRX/security
Watch for the dates to be updated here,(requirement), they are horribly out of date. That is usually the first clue the sinking ship is being repaired.
How do you verify the OS with a market maker?
I like your article. What’s your updated intrinsic value for MYRX now that it owns nearly $500,000 worth of ENZN shares as well as a possible corporate tax rate increase to 28%? We also should assume that MYRX still has more cash or other assets on hand as they probably wouldn’t put 100% of their cash into one singe investment.
Great things will happen this year in my opinion.
It’s going to be an exciting summer for Us here IMO. I think we will be really surprised with details of MYRX financials if they choose to go to pink current status. I’m excited to see what life sciences assets CEO Couchman plans on purchasing in the future in addition to the ENZN shares they already bought.
I was able to recently verify that the AS is still 60 million. I haven’t verified the OS yet. I imagine it’s still the same since CEO Couchman owns 20% of it.
Also per recent SEC filing, MYRX still currently has Michael C Pearce and Steven D Scheiwe on its BOD. Scroll down to the bottom of the filing below:
https://investor.enzon.com/node/15426/html
Both of those guys have extensive experience dealing with mergers. Steven Scheiwe was involved with the huge Washington Mutual/Mr Cooper group reverse merger. He still sits on the board of Cooper ($COOP)
This alone is huge for MYRX. They currently have very well known directors that will get a big merger deal done here. Here is a small article from a couple years ago that talks about Steven:
https://corpgov.com/going-public-with-a-tax-twist-can-investors-take-a-page-from-kkrs-playbook/
The next step here is to verify the share structure with a market maker, that is a FINRA requirement on reverse merger plays
Waiting for this to be updated and verified
Authorized Shares
60,000,000
06/30/2013
Outstanding Shares
34,479,051
07/12/2013
The formula is right for this company to succeed, lets see if they can execute their game plan. Share price is not my concern, where the company is two years from now is my focus..
I spend way more time researching than I do trading.. buy early, hold long, if the toe rag crowd gets noisy here I just turn off the channel.. wait for it, it's coming.
I can’t wait for that day. I wouldn’t be surprised if we move up to and hang out at the .10 level till news comes out.
MYRX’s market cap is less than $2 million and it has assets in the way of some cash and 633,000 shares of ENZN. There are a lot of worthless stocks out there like AWGI that have $23 million market caps. MYRX would be trading at .67 if we had the same market cap.
Goes to show the huge potential here.
It's coming, wait for it.. the next pr should set the stage for a run.
$MYRX - highest close in 5 years on decent volume for the stock.
We could see a surprise if/when Couchman brings this to basic pink reporting IMO. I think we will find out that MYRX has more cash and investments than we realize.
I have before several years ago when I was asking about the tax credits. He just said that I would have to dig through the old filings.
Definitely a professional guy. He won’t give out info that isn’t already out there in filings etc.
Have you ever received a response when you emailed?
I emailed Couchman to remind him about the new reporting requirements. I’m sure he is already on top of it.
Will be nice to get updated information in the coming months assuming he complies with the new rules.
Would be nice to see how much cash $MYRX has left
MYRX - end of day bid ask increased to .0561 x .057. Nice tight spread above the closing price of .054
Any more news of MYRX investing in life sciences assets will send it IMO. It’s already made a return so far in its Enzon investment it made last year.
MYRX - You can tell that the float is locked since there is basically no one selling. Only 100 share type sells. With ENZN doing well, this will follow. If Vicineum is approved in August, we will be much higher IMO
I am in, with dry powder at the ready.
$MYRX - Keep an eye on this. Once ENZN explodes to the upside, this should follow...
My thoughts exactly. I love buying these before something happens. I’m guessing that between the cash it has and the value of ENZN shares that it owns, that $MYRX has around $1.4 million. That doesn’t include the $147 million NOL’s. I also really like that the CEO is well known for doing merger deals. I basically own the max that is allowed to be owned (just below 5%) and I plan on waiting it out for the big payday.
With a tiny market cap of $1.8 million, I think it’s a matter of time when we see $1+
There are so many other shell stocks out there that have no assets and have market caps of like $50 million
Our big day will come.
Find them early, hold them for at least a year... it's all about share structure, market cap, and story. This formula has worked so well for me.
Nice grab! It’s only a matter of time before $MYRX takes off IMO. So much potential and it’s currently unnoticed.
I grabbed a bunch today, does not trade much right now but it has the secret recipe for liftoff.
$MYRX - I just have a feeling our big day will be coming here soon. Once it gets noticed like other low float stocks lately, it will really move.
Lots of potential since they own $ENZN stock. Also with the corporate tax rate going up soon, it will make the $147 million NOL’s more enticing for profitable companies.
One day we will see $1+ in my opinion
Only 17k volume but it was a buy and made for a nice close today.
I believe that is part of the tax code. You would have to look at the guidance in that particular section of the code that all has to do with transfer of ownership.
You seem like a knowledgeable guy. Do you know if it’s possible to buy over 5% of this with the CEO’s approval? I know there is a limit of only being able to acquire 4.95% to preserve the NOL’s. Is that something that expires over time that you know of or is it a permanent thing?
I have no MYRX position. I try to only jump in a few stocks that are going to sit and take awhile for progress and news. ENZN is a different animal at this point. Couchman probably did that when he was trying to take over the company. Im sure if there is a place for MYRX in the ENZN picture Couchman has approached Icahn about it. It only makes good business sense. That would be hysterical if they put something together and then blew Bausch out of this world with a merger. Hey anything can happen from here. Best of luck to you in MYRX.
MYRX - Do you own any shares. Surprised to see .08 on the ask. Still want to figure out what’s going on with MYRX buying ENZN shares. Would be nice if somehow Bausch eye division could somehow utilize the NOL’s of both companies for $250 million of tax free income. I don’t know how that would work though. Just wishful thinking on my part
Do you own any MYRX? .08 on the ask now. Looks like the float is locked up. Really thin here
I don’t know why but I have a strong feeling that 2021 will be the year for $MYRX to get utilized!
What are your thoughts on $MYRX buying shares of $ENZN? Seems like MYRX will start going up alongside ENZN as it continues upward. ENZN could get $200 million over the next 10 years if/when Vicineum is approved. It is also setting itself up as a mini SPAC with Carl Icahn owning about half of it.
All of this could make $MYRX a $1+ stock alone IMO.
.0499 close yesterday. Very close to multi year high for this small market cap stock (1.6 million). Some worthless sub penny stocks have 10-20 million + market caps
Another day of someone trying to buy 100k blocks of shares. That will be hard to get as we thin out while moving higher
$MYRX’s cash/cash equivalents should be over $1.4 million now (cash + ENZN shares held) which is about equal to the current market cap of about $1.4 million at the current .04 price per share. This essentially means MYRX should be moving higher now as ENZN will continue to move higher with everything it has going for it right now
I’m ready for ENZN’s coming phenomenal year to take place. It will cause MYRX to trade north of $1 IMO
I’m loaded with shares of both. I now have the max shares of MYRX that people are allowed to buy.
I’m still trying to figure out why MYRX bought ENZN shares as well. At some point MYRX should be rising along with ENZN as that stock continues higher or else the total value of ENZN shares that MYRX holds will be higher than MYRX’s market cap.
I think we will do good with MYRX just off ENZN alone. ENZN could easily be a $5 stock when they buy a profitable company to utilize the NOL’s Icahn own about half of that one so I imagine he will find a company fairly quick given his connections.
Also ENZN could get up to $20 million or so in worldwide royalties from Vicineum for 10 years once approved.
That is a lot of money for a stock with a market cap of only $52 million right now since they already have $48 million in cash with no debt.
This should help put MYRX in the spotlight
Agreed. For some reason it just hasn’t garnered the attention that some of these others have. I think you may be in AFFY and ENZN as I know you have mentioned those before as they all have the same connection. Those have both had very nice runs recently. I should have taken some of what I put into MYRX and spread it between the three. I just liked this one the best. Still trying to understand the long term play with the MYRX purchase of ENZN shares, but it looks like that was a good buy right now.
It’s crazy that MYRX market cap is only just over $1 million when other shell stocks with no NOL’s like AWGI have a $16 million market cap. AWGI doesn’t have assets while MYRX has $147 million NOL’s, cash, and over 660,000 shares of ENZN.
MYRX deserves to be much higher
$MYRX - This is going to wake up soon IMO. Someone keeps bidding 100k+ blocks of shares. Once it’s filled or partially filled, another large block shows up at the bid. Smart way to quietly accumulate a large amount of shares instead of putting like a 1 million share bid that would cause attention.
$MYRX it has to be close to our turn for a massive move higher lol
I replied to one of Carl Icahn's post on Twitter saying that he $MYRX has $147 million NOL’s, owns 1.4% of $ENZN and that he should help do a rights offering for MYRX. I doubt he will read it lol but I think a shell like MYRX would be right up his alley since it’s similar to ENZN minus the cash.
MYRX should start to follow ENZN soon since MYRX owns 1.4% of ENZN. It will be interesting to see how all this plays out.
Thank you for the info. With ENZN moving higher, MYRX should follow since it owns 1.4% of ENZN
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