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Ever since Wookey originally purchased it, RGMP has essentially been a shell company. Why they never changed the status, I don't know.... but it's value is as a public vehicle, these rarely have any cash or assets of any kind(beyond NOLs), or great balance sheets......this isn't a SPAC.
We have yet to see what kind of value these rights, or licenses have, which have been acquired here. Has CYDY ever posted any potential revenue forecasts..?? If so then maybe that will give us some idea.
At some point the company will do an offering or private placement and start raising money.
Thank you for pointing that out.
I was distracted by more alarming items in the 10-Q.
Board name will change once it's processed/approved by FINRA and shows up on the Daily List.
Shouldn't the board name reflect this name change?
Can you point me to the SEC filing for the name change?
Same CUSIP as Regnum Corp?
Why is Anne Kirby signing filings as CEO, Regnum Corp ?
https://www.sec.gov/ix?doc=/Archives/edgar/data/1716324/000147793222000165/rgmp_8k.htm
Don't see what you're talking about.
OK, this may be a stretch but I am going to go out on a limb and say that is not the correct website any longer.....lol.
Considering that the name of Regnum Corp changed to 'Rovida Therapeutics'(as of Oct 2021).....and rovidatx.com was registered in Sept 2021, according to an ICANN
lookup, this seems like the most logical possibility for a new website.
Nothing there yet though.
I'm trying to do some DD on this ticker....
Their D&B entry has a website listed....
https://www.dnb.com/business-directory/company-profiles.regnum_corp.f493da72bb378fe76f3f6c54f0faa85b.html
Which points to http://www.regnumcorp.com/
Has anyone found the "Investor Relations" link on there....I found a bunch of OTHER STUFF....and kept looking for the IR info....but....I kept finding OTHER STUFF....
And did you know that Sevenscore / Regnum is headed up by the same person operating out of the same shared office space in NYC ?
Law of supply and demand. There is no supply. It looks like only 270k m/l available. And no one is selling.
I am slightly worried to paint the tape if I purchase 200 shares. No joke.
Anyone know anything about the CEO, Director, Janitor, etc of Regnum?
Anne Kimberly....she's like 40yo and was a Pfizer saleslady....
Any idea how big this can go with only 2K shares volume?
No options...no calls...no puts....????
0.76 ? 0.06 (8.57%) -- hard to do TA on a stock with such low volume.
I'm trying to still figure out where this RGMP is going.
Did anyone take the time to compare the 10Q originally filed 30Jun21 to the amended one filed on 30Sep21 ?
http://edgar.secdatabase.com/1709/147793221008762/filing-change.htm
RED = Old, GREEN = Revised, WHITE = Unchanged
The 30Jun21 filing on its own:
http://www.sec.gov/Archives/edgar/data/0001716324/000147793221006045/0001477932-21-006045-index.htm
The 30Sep21 filing on its own:
http://www.sec.gov/Archives/edgar/data/0001716324/000147793221008762/0001477932-21-008762-index.htm
On 30Jun21 it was doom & gloom. No end in sight. Serious concerns of continued operation. Some other drug - SSP-002?
Then 30Sep21 it was all cherries and whipped cream....and sprinkles too. Big outlook turn around....and pretty much the two main factors were:
- Leronlimab the only drug they market for
- Cancellation of Sevenscore merger with Regnum being survivor
Not sure how the price continues to stay inflated....with Hopenium?
YES SIR~ MY .40Z AND .50Z WERE NICE GIFTZZZ~ THIS CAN EASILY SEE $5 FAST~$RGMP
TOOK A STARTER HERE GARY ON THE PULLBACK FROM THE OTHER DAY~ LOOKZZZ THIN~ CAN SEE MULTI- DOLLARZZZZ INDEED~ $RGMP
Shareholders? bigbrother just explained there are no real shareholders, this is Thin as in just a few shareholders, as almost no trading available.
One Majority shareholder who did the deal because they wanted to use this shell company to realize the value of selling an HIV drug. If they keep this selling agreement in a private company what are their options for raising money to fund everything? there have much better chance of raising $30-50mil in the public market.
The share structure/ownership is one that we will be riding the majority owner's coattails. They will control what is going on. From what I see they will promote this HIV drug to make themselves alot of money in the public markets.
Again, clean shell at $15mil market cap offers little downside in my opinion
I am surprised you are even watching this stock.
The filing states otherwise. Regnum bears the cost of just about everything while the others reap the reward. The agreement is shady at best with no real benefit to share holders from what I see. Shareholders were sold out, plain and simple.
https://www.otcmarkets.com/filing/conv_pdf?id=15470060&guid=8DvwkKt5C5rZOth
Thanks read it sounds like HIV which is big by itself
thanks for the note ted, big dollars for drug in HIV but it will be adapted to other items as doctors learn more about what it does.
Therapeutics and antiviral drugs will grow as more money flows into this space. The key will be whether the early patent holders of the lab discoveries can fund their discoveries into the commercial markets to help people. Most do not and have to do deals/sell off something to make progress in the govt health bureaucracy.
That is why cydy has to do deals as they cant fund everything, which will end up being good for regnum.
Sounds that way in the original agreement but not 100% sure as there is a lot of legalese in there.
https://www.sec.gov/Archives/edgar/data/1175680/000119312520004683/d855842dex105.htm
Is that for the HIV only?
Yep, I mean the o/s and float of CYDY are growing at incredible levels.....RGMP will get 50% of the net sales of Leronlimab, and CYDY gets 50%.....the clean share structure of RGMP just looks way more appealing to me.
As you say, there will likely be an offering at some point, I dont think they are going to be able to raise the money they need through the usually OTC way...convertible debt.
So IMO, I would not be surprised at all, given the apparent massive investor interest in Leronlimab(considering CYDYs volume and market cap).....that we could even eventually see them find an investment bank to underwrite an offering of $40M or more and get them off the OTC and to the big boards....that seems certainly plausible to me IMO.
Big brother explained there is no front loading so what else can you say on this?
The PR release looks legit, no over hype, just saying the sales agreement for whole US was transferred to another company, one that is public where we can participate in the future growth instead of a private company.
Also, in the penny market, a clean shell nowadays is easily worth $15mil market cap and more if they can bring millions of tax losses forward for the new company to keep future profits.
Liquidity/price spread maybe an issue as bigBrother mentioned so investors should welcome more shares via an offering after the price goes up. This is a great situation where having the money to fund everything will actually HELP shareholder value instead of dilute it.
In 6 months this company will look completely different and much more valuable than the $15mil market cap today
my opinion is Buy below a $60mil cap
RGMP $$$ MASSIVE RUNNER HERE...PROBABLY $10.00+ WILL COME FAST.
Can we see $5 soon .. float is so low!
Agree 100%.....and it's exactly my thinking as well, at least one part of it for sure.
I mean it's very possible there may be a bigger plan at play, however, I personally believe the transfer of rights from Vyera/Sevenscore to RGMP was to prepare for the future fund raising efforts to commercialize Leronlimab.
However, it could also be one part, protecting a valuable asset, in the event of a Vyera BK as well.
It's no secret Vyera is in trouble, with both the $40 million FTC settlement....and an FDA-approved generic cutting into the Daraprim bottomline.
If they have to file BK and lose Daraprim, it stings a lot less for Phoenixus, if/when Leronlimab gets FDA approval...as Regnum/Cytodyn will make a lot of money together.
Just my opinion.
Exactly, that comment is beyond stupid on so many levels, it's almost inconceivable....lol...but then again this is iHub....so...
Good grief, the trading began @ .60 on Monday. I followed the entire trading on Monday, I have been following this ticker for 2 years..... and have been the high bidder a hell of LOT of that time.
In fact I've been the high bidder on L2 for probably the last 6 months and taking any paltry scraps I could get on the bid....and its been like pulling teeth....I'd get a couple hundred shares...wait a few weeks or months, maybe get a couple hundred or 2K more...wait another few weeks...another couple hundred.....lol.
I wish I could have loaded up cheap but I could never get much of anything and the spread was always too massive to slap the ask.....not to mention, it was soooo incredibly illiquid.
Before the big volume on Monday, From July 2021 to then, RGMP had traded about a whopping 12,700 shares in over 6 months.
Yes, there was a LOT of volume on Monday, but you could not really frontload cheap, the big % gain was very misleading. RGMP was illiquid and had a huge spread of .15 X .60 for a long, long time....there were no shares available to frontload cheap. The ONLY reason it looked like there was that huge gain, was because it a had gotten bid whacked for 5K shares @ .15 several days before the stock finally got actually some volume.
Yes, some people did get whacked some .30s and .40s on Monday, that low of .23 on Monday was a 100 share trade early on in the day. The stock quickly ran to $1.00 in the AM, on minimal volume, from the .60 cent ASK it had, that I mentioned early. Then a small wave of .30s- .50s whacked it back down......then it took off again in the latter part of the afternoon...and went back over $1.00.
So no, there was no 'cheap' frontloading of any kind.
Where is there any volume in recent past suggesting front loading?
Look out below! Filings declare 100% Pump&Dump
RGMP Agreement to commercialize leronlimab (PRO 140) in the U.S. for the treatment of HIV"
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