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I find it amazing and disgusting that the dirt bag "CEO" Frank does not have the decency to say what we all know - This company is bankrupt and has been a total insolvent failure for well over one year.
The stock is worthless
My goodness - the stock does not trade for days at a time and when it does, a measly $220 knocks te bid down to 2.1 cents.
It is time for the stock to be delisted, decalre bankrucy or do whatever destitute companies do at this juncture.
This is a farce. The real price is zero.
Again XCHO did not trade today. No one there to step up to the plate and buy at 2.4 cents. No seller has the guts to hit the bid because they know it will disappear.
You now have to make an appointment to trade this stock. The XCHO perma bulls are trapped in a nightmare of their own making.
Still some bullish posters, but no one had the conviction to even take the 2.4 cent offer. What is the problem?
That was not info. It was useless "data" with no statistical or empiracal significance.
This stock is worthless. It does not trade. No one can sell it. 100,000 shares is worth only $2,000. So whatis "big" volume on the surface, is really enough to have a perty for sleepy heads at starbucks.
There is nothing compelling or actionable about the price action, fundamentals, or man hunt in the Florida swamp lands for Frank.
He is a weasel who has had his day. The stock can not be sold and shareholders are trapped in the worthless shares. What market maker in his right mind would buy the stock from any shareholder?
Thanks for info STS
Investing any money in this stock is like throwing the money away.
I am happy to say that I helped to expose this company as a fraud. They are insolvent and anyone who "invests" their hard earned money in a fraudulent hiding weasel like Frank is making the mistake of a life time.
I plan to invest my life's savings in this stock. Yeah, cobras are cool.
89,000 is only worth 1780 bucks - if the bidder will take it.
So lets get real. Looking at the bid and ask of this bankrupt company is an exercise in futility.
There is no company and the stock is as good as wall paper.
This dog of a stock has a negative net worth. They are essentially bankrupt and nothing can save them. The game is over, the stock price is a phony because no volume buyer exists.
Who in their right mind would buy the shares of a one trick pony that has lost its one trick?
This stock is trading at zero. you don't believe me? try and unload some shares in bulk. The mms will walk away from thisa worthless company.
No product
No profits
Declining sales
A CEO in hiding
Mounting losses
No possible way for any fool out their to invest in this dog
This is a farce and a weasel in hiding like Frank belongs in jail.
Any nonsensical gains in share price are just mms playing with the bid and offer trying to hoodwink a sucker to buy.
Hmmm...looks like you were right, I see a total of 89k share traded yesterday after checking several web sites....dunno where that large block blip QuoteTracker downloaded came from. Nice recovery from $0.026 to $0.04 in 2 days percentage-wise, not like it amounts to any real money gained though....
BTW, just got a line on another bio you (and others here) might want to take a look at, NEOP, they have a lymph node cancer cell locator drug called LymphoSeek in P3 trials, presenting results at a huge Onco conference on June 6th.
NEOP has already had several shorty hit-job articles posted, by our "friend" AF, who never met a biotech he couldn't learn to hate (see http://www.thestreet.com/_yahoo/story/11108564/1/biotech-stock-mailbag-neoprobe.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA)
and a brand new SA slam-job, see http://seekingalpha.com/article/272708-the-short-case-for-neoprobe-skeptical-of-its-primary-asset-s-success
This guy Shkreli guy just appeared out of nowhere over the last two days, yesterday trying to torpedo AVNR, today NEOP, and he admittedly works for a shorting hedge fund?! How on earth is that even legal?!
P.S. Will cross-post the non-XCHO stuff over on the AVNR board in case the admins here get an itchy trigger finger for the non-XCHO content of this post (Admins: please don't - I feel these out of control bloggers are a threat to all biotechs, including XCHO/NPHC, which we know have been slammed repeatedly all over the net). Thanks.
Fid show 89,000, so not sure what to make if that STS.
Thanks
Have you taken a look at today's trade volume? I'm getting conflicting data - TDA says 218,248 shrs traded as of 11:43 am today, but other "free" OTCBB web sites say volume is only 38,000?
Ah, I may know the answer - those quotes are 15-20 minutes delayed, just found this on QuoteTracker:
05/31/11 11:33:00 0.026 0.023 0.03 175,128
Whoa...that's one monster transaction! Share-wise, not cost, of course.....will probably show up in a few minutes on the free sites. Was definitely a MM-MM trade or settlement seeing as the price/bid/ask numbers don't match.
About as bad as it gets.
Its now .026. The company has reported no good news of significance in over 9 months. They had about $3 mill in sales last year and are running about $2 mill this year, that is way up from 2009, and very significant in comparison to mkt cap, but with the NPHC backstab and legal fight over Cobroxin that value is diminished.
The big winner would have been to get a Joe Montana type to have a STS experience with Cobroxin, that would have been the ticket and I posted about that as the way to win big. But no celebrity ever got involved as a happy real user, even though there are bunch of non-celebs that are. Now Joe is pumping another joint product, and I am sure successfully.
A missed opportunity. Now the value is so low, the worst case is it will drop as much as it has in last week, which is about 2.6 cents.
davmac,
With the fight on Cobroxin, they will likely spend less on ads, so they may break even. I do not know. They have been able to raise money, and a lot more than they need now, all along. They spent millions last year and started with virtually no cash. The officers have lent money is one way.
But not a good situation.
They need to kick out the door some specific good news if they want it to go over .10 again.
Hi
How do you feel this will effect the stock short term, and how long can they continue to operate with continuous losses.
The bid is 3.51 cents. There is around $300 worth of stock being bid at that price. In other words, there is no bid. The next so called bid is at 2.6 cents.
This stock is worth zero. There is no way to get out. I am amazed that it is not delisted from the pink sheets or whatever sham of a venue it "trades"
"Turn out the lights, the party is over...."
There is nothing in the report that any explainig can do justice to. The party is over. The company is busted and will soon have no more product to sell.
Analysing insignificant lifeless numbers is an exercise in futility. After one year of praying for Frank to explain himself, why would he do so now. He has spat in the face of every XCHO shareholder. He is in hiding in the swamplands of Florida.
The report gives us nothing to hope for and nothing to evaluate. The stock traded below 4 cents today. There is no market for hte stock and Frank will get away with it because he is a nobody.
His shareholders have lost every penny they invested and there is zero hope of getting out with anything but a huge loss in this worthless hopeless stock.
Surely no one can possibly believe that at this stage of the game XCHO will stay in business and its shares will be nothing but wall paper. Anyone who believes otherwise has a hard lesson to learn. He who does not know when to fish or cut bait is doomed for eternal suffering.
Hi STS,
That is referring to 1Q 2010. The one I am having trouble figuring out is 4q10 to 1q11. But that factor might apply too.
The gross and net sales needs explaining, have not called the company yet.
But best can figure the gross sales were up sequentially.
Where do you get an increase in sequential revs? Just spent some time reading the entire filing, not good overall, and then there's this bit that makes comparing sales #'s from previous Q's harder:
"After the initial rollout in late 2009 and early 2010, we shifted our marketing and promotional efforts from principally specific market campaigns in general circulation print media to in-store promotions at our principal retailers. Accordingly, we accounted for our promotional efforts in Q111-YTD as marketing allowance reductions from sales whereas general market campaigns engaged in during Q110-YTD were charged to selling and marketing expense. This change in our advertising direction and accordingly our difference in accounting for the advertising accounted for $205,000 of the reduction in net sales."
The numbers are insignificant and represent another loss. The company is out of business.
Once again the sleezy CEO does not explain what the heck is going on with the company.
One thing is for sure. The sales are a dud, and the stock traded all of $375 today. Dinner for 3.
This company is toast and there is nothing worth analysing. The will soon have no product to sell, but will be looking for trailer trash homes to buy in a snake infested area of Florida. No Cobras there.
Maybe they are trading product for advertising? That is a guess after reading the below. So looks like net rev is 400K.
They mention the problems with NPHC in the Q, and that they intend to continue to sell Cobroxin. My guess is some out of court settlement will be made.
Three Months Ended March 31,
2011 2010
Revenue, net:
Product sales
$
614,523 $ 895,487
Less: Advertising and marketing allowances
(205,918 )
Less: Returns and other allowances
(10,732 )
Total revenue, net
397,873 895,487
Sequentially the revenuw is up. The finacials on Yahoo are hard to read, on Google too. They indicate negative revnue for 4Q? but do not say so. There is no 4Q in either, just 1,2,3 then anuual figure.
But a prior post said $420k in 4Q. No matter what the revenue in 4Q, it is up sequentically but lower than 1Q 2010 which was the pipefilling Q.
Maybe better than most expected a month ago. But not where we would like to see it.
Will give it a read after just looking at rev #.
The 10Q is out, $615k sales 1Q
Here is the link http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=7954243-13116-16642&type=sect&TabIndex=2&companyid=729605&ppu=%252fdefault.aspx%253fcik%253d1384356
I have not read it yet
Judging by Franks inept track record it is a lock that he is wasting his time.
Even if this new "division" head was able to produce property or money for stock holdings, it would take years for anyone to see positive results - let alone any results.
Franks career is the inverse of the Peter Priciple. Frank has been fired from his field of incompetency only to be demoted to another field of which he has no knowledge.
If this so called preperty division head has anything to offer, he is not going to give it away for nothing. Frank has zero to offer except a third rate shell of a public company given to the new guy visa v setting up this "division."
This is low finance at its best. The guy can't even afford to go the proper route and buy an exchange listed shell.
This is a dead end. Wishing and hoping never made anyone any money. Praying that someone will come up with the money and instantly make XCHO money is beyond science fiction.
When great real estate investors like Sam Zell sell all their USA holdings and do not even attempt to buy USA property, there is a serious problem. When major real estate billionaires like Mort Zuckerman of Boston Properties say that things do not look good for USA property, Houston we have a problem. When their is still a major glut of properties and foreclosures - especially in Florida - that will take years to absorb, you are in the wrong business. When House price still keep falling with no sign of an end while unemployment is holding steady and high, housing is the single worst place to be.
The game is over and the stock is worthless. The best anyone can hope for is:
1 - Sell their stock and see the price drop to zero, but get a tax loss
2 - Hold onto the shares and use them as wall paper or give them to your great great grandchildren as a lottery ticket.
Investment bankers have extremely high standards for lending and Frank is not within a million miles of what it takes to get the money from them. It is called risk. This is not charity.
Frank will not even get money if pigs fly. There is not a snow balls chnce in Hades that this will work. All shareholders have no hope. Their investment is worthless.
STS,
They have a record of being able to raise cash, sometimes from themselves. Just guessing but this new guy might trade property for stock/options. Why would he join into this deal if XCHO does not have the ability to do a deal. We will have to wait to see how it is structured.
They are looking for an idiot to invest in the still sinking Florida real estate market.
You hit the nail on the head. They have no money and no one is dumb enough to invest their money with Frank.
So the subsidiary will try to raise money for the idiot who is running it - By definition, anyone who buys Florida homes to fix them up and flip them is an idiot.
This is a total sham. Why would anyone trust a bankrupt slime ball who failed in retailing Cobroxin, who hid from his investors and weaseled his way into another venture without updating his investors.
Frank is the worst excuse for a human being there is. Anyone who invests more oney with him is throwing good money after bad money.
Where exactly are they going to get cash to buy distressed RE?
I know that there are some primo opportunities to scoop up condos and such down there right now, some of my cousins live in FL, talked to them at a family gathering last fall, the original asking prices compared to current asks are truly astounding! Course you have to buy now and hold for what may be a long time before that housing market recovers, was so overbuilt it ain't funny...
Today was a great day for those who sold XCHO awhile back based upon using common sense and realizing that this was fraud of a company.
Frank abandonned his shareholders and anyone who is left holding this stock can not sell it without collapsing the share price to zero.
Frank can not spin his way out of this one. The guy is probably hiding somewhere in Florida disguised as a real estate salesman trying to sell swamp land for his "public company"
If in your opinion they should have PR's this long ago, why did you not tell us until now?
Here is the only thing that matters - a quote from yesterday's Nutra Pharma 10Q:
>>>>Cobroxin
We offer Cobroxin, our over-the-counter pain reliever clinically proven to treat moderate to severe (Stage 2) chronic pain that was developed by ReceptoPharm, our drug discovery arm and wholly owned subsidiary. Cobroxin is marketed online and at retailers through our United States distributor, XenaCare. In August 2009, we completed an agreement with XenaCare granting it the exclusive license to market and distribute Cobroxin within the United States. In mid-October 2009, XenaCare began selling Cobroxin online through its product website, Cobroxin.com.
In November 2009, XenaCare began selling Cobroxin to brick-and-mortar retailers, including distribution to CVS in March 2010 and Walgreens in May 2010. On April 1, 2011, we notified our Cobroxin Distributor, XenaCare Holdings that they were in breach of our agreement. As a result of this, the distribution agreement was terminated effective April 10, 2011. XenaCare continues to market their existing inventory of Cobroxin. We have been in negotiations with potential new distributors for our Cobroxin products both domestically and internationally.<<<<<
There are a million companies out there with no business and inept CEO's. Why would anyone invest in Frank?
Even quieter.
The PR did give us much more info on their plans, but there was no news of an actual transaction. The company has been so quiet for so long that by far the majority of the retail investors are gone, and have been for months. The # of shareholders was quite small in the last report. So the trading activity we have seen up to the report, which was surprisingly high compared to the known news, was likely from the core investors/insiders.
XCHO will have to create a new batch of investors to move up. So few are now watching and have been watching the stock for months it is not surprising in terms of lack of reaction.
Glad they did it though. It is the most specific thing they have said since Nov of 2010, outside of required Qs. And the only thing they have said in that 7 month period outside of Qs were hints of a real estate venture which in this PR actually had a plan defined in it for, so XCHO has been a desert news wise. When they are able to announce a deal that will be different. But this is a move in the right direction. And something they should have PRed for sure.
I was referring to the infamous Raj Rajaratman who just got convicted on 14 or so counts of trading on insider information.
It looks like he is going to jail for a long long time unless he flees the country.
He was a large hedge fund manager - Galleon - who got caught with his hand in the cookie jar. It has been front page news for several days and has been all over the business channels.
As far as XCHO is concerned this so called real estate venture - a poor ruse to use a public shell as a vehicle to invest in real estate - is a joke that will not pay off. Most folks use ASE or NYSE shells - not some pink sheet corpse that no investor will take seriously.
XCHO is DOA. Or should I say DIO (dead in Orlando).
Frank's weasel report that he is investing in Florida real estate is the ultimate insult to investors.
The Orlando market stinks. To wit, Disney just had a bad quarter and is having a hard time. The Orlando market is not turning around so fast. Even it it were to turn around in the next year or three, where is Frank getting the money? What kind of properties is he "investing" in?
In my investment banking capacity, I had several Orlando companies come to me seeking untraditional sources of financing because they just could not get the money.
One company was a world famous Orlando resort and another was a huge Florida real estate investor that specialized in Mitigation Banks (read state sponsored ecology funds who redevelop environmentally spoiled lands and then sell credits to developers) in Florida and specificly Orlando. All were desperate and all were a waste of time. And I am talking about huge companies.
So here we have a liar of a CEO, who did not - a still does not - have the decency to inform his investors about the status of Cobroxin, who now is going itnot the wrong business at the wrong time with no capital and no hope of a return on investment for years if ever.
One of America's greatest real estate investors, Sam Zell, sold out of the USA and is heavily investing in Brazil. The Brazilians are rebuilding their own country. If they had any interest in Florida it would be the over glutted Miami area.
This is a joke. There is no hope of XCHO ever seeing a profit in real estate for several years. Capital gains? Fuggetaboutit! Rental income? Not in a crummy market. Another shaggy dog tale.
What an embarrassment! XCHO has been dead and decaying for quite some time. And now this?! Frank belongs in jail right next to Raj and Rik.
FL has shown signs of being the first killed real estate mkt to have turned around, due to Brazilians buying.
With the dollar being demolished, if FL real estate looks cheap to us, it is really cheap to rest of world.
I remember when Iranians fled after shah boosted CA real estate. We may see influx of Egyptian/etc fleeing unrest.
PR out, Looks interesting, FL Real estate.
BOCA RATON, FL -- (MARKET WIRE) -- 05/11/11 -- XenaCare Holdings, Inc. (XCHO:$0.0700,$0.0000,0.00%) announced that it has formalized the organization of Global International US, Inc. ("Global International") as a wholly owned subsidiary. Global International has been organized to acquire, reposition and resell distressed properties in Central Florida, with a primary focus on acquiring hospitality projects near the Disney World Resort complex.
Carlos J. Bonilla, Esq., who became a director of XenaCare Holdings, Inc. (XCHO:$0.0700,$0.0000,0.00%) in March 2011, has been appointed as President of Global International with the assignment of pursuing appropriate real estate projects. Mr. Bonilla has access to a team of experienced real estate and financial professionals with more than 75 years of experience, gained with the foremost corporations in their respective fields, to assist as needed.
Mr. Bonilla and XenaCare (XCHO:$0.0700,$0.0000,0.00%) strongly believe there is a historic opportunity to take advantage of distressed properties in Central Florida near world famous attractions. Central Florida is home to Walt Disney World, SeaWorld and Universal Studios, as well as golf courses and top brand shopping. Over 50 million people visit Central Florida each year, congregating in Orlando's famous tourist district known as the "Golden Triangle." Mr. Bonilla and his team will bring their expertise to Global International to identify, acquire and revitalize such projects to realize their maximum value.
In making the announcement, Frank Rizzo, President and CEO of XenaCare (XCHO:$0.0700,$0.0000,0.00%) stated, "While we are excited about the prospects for our new real estate venture, this will not lessen our efforts to grow our core nutritional supplement business. In fact we have seen a complementary synergy because a number of the substantial overseas investors who have shown interest in our real estate venture are also in a position to assist us in finding new distribution channels in countries where we are not currently active."
http://www.XenaCareholdings.com
I think that you had better stock up on it by contacting XCHO or NPHC0 directly or by grabbing as much as you can at your local retailer. This product is dead in terms of mass marketting.
The next choice is Icy Hot Spray. I have no idea about the merits of this product verses Cobroxin, but one thing is for sure: whom ever markets "Icy Hot Spray" gets maximum milage out their Ad campaign by using Shaquille O'Neil in a highly effective Ad campaign. They know how to target a market, they spend the bucks to do so and they have a great pitch man to perform their TV Ad campaign.
So the moral of the story is always the same. Do it right or don't do it at all.
Its like mass marketed spaghetti sauce. The stuff stinks out loud. Get me some Red pack crushed Italian tomatoes, fresh garlic, extra virgin olive oil, herbs, etc., and anyone will make a tastier product with hardly any effort. But properly mass advertise the product and it will sell.
As long as I can keep buying it for personal use, I really don't care about the hows/whys/who's....an entirely different matter than my portfolio's value!
No judge will EVER grant injunctive relief in this situation. This is not a case for a TRO, Prelimanry injunction or an injunction.
What XCHO would have to do is sue for specific performance.
In either situation, the process would involve a trial and mounting legal fees. A TRO is a pre trial order to avoid "the tree from being cut down" before a final adjudication can be achieved. In this case there is too much evidence of bad faith and non performance on Frank's side for any judge to act before trial. There is no "tree falling down."
If anything, Rik can turn the tables and ask for specific performance to make Frank honor XCHO's side of the deal! Frank has violated the contract - and no judge will care about technically whether Frank barely met minimum sales standards.
Any lawyer can Sheppardise this case and find legions of legal precedent that says Frank has no leg to stand on.
Since Frank has no money and has obviously given up on the contract - as per his behavior of not fullfilling his side of the bargain - no jury in the world would back him up even if it went through trial.
More important, Frank does not have the money or inclination to sue and be part of a long messy legal action. If Frank does not have the stomach, skills or money to market the product, where would he come up with the same to sue? No serious lawyer would ever take his case.
As for a non interuption of supply clause, that is aother non starter. Frank can't even sell his own supply! Why would someone who has no money, sales that are drying up, and no success even attempt such a manuever? It is the same problem that Frank has failed at. Where is he going to get the money and inclination to try again? No one would believe him if he tried. And I can't believe that he is stupid enough to bang his head against the wall to even think about trying. Again, no lawyer would ever take this case.
In sum, Frank violated the contract by:
1 - Not delivering the Ad campaign as promised
2 - Not delivering the sales as both parties intended.
3 - Not acting in good faith as per 1 & 2 above by delaying the campaign for over 3 months and not spending what was required to do the job.
4 - Walking away from the deal by hiding and by admitting failure in his public statement to change businesses by going into real estate.
5 - No one can force someone to do business with another person. NPHC has already put in place a strategy (ineptly handled) to cannibalize Cobroxin with Nyloxin.
This dog won't hunt. Frank is beaten and he does not have a legal basis to sue. Frank has moved on and investors should do the same.
STS,
That is possible, via a couple of ways. One would be an injunction that their supply can not be cut off until the issue is resolved.
Another way is think the renegotiation they did in Fall may have had a clause in it that XCHO could have the contract manu provide the product if NPHC could not, a non-interruption of supply clause it common in such types of deals. Not positive on that, but would not be surprised if that is the case.
They can substitute Black Mamba Venom
"Mambaxin"
Some facts about XCHO's so called trading today:
1 - XCHO did NOT trade today unless one calls 4,400 worth of stock changing hands "trading." Some people would call it a good handtailored men's suit. Others would call it a good bottle of wine. In the stock market all reaonable people would call it ZERO.
2 - XCHO did not perform today. It simply was screwed around with by MM's trying to get some sucker to buy on a quiet day. So they raised the offer and messed around with some petty cash hoping to real someone in. That's what market makers do. they try to create the illusion of movement.
3 - XCHO has not outperformed NPHC. Not that outperforming NPHC on some kind of one day basis is some kind of badge of distinction. No, the manipulators who are trying desperately to get out of NPHC before the inevitable bankruptcy are pulling all stops to hype that stock. On the other hand XCHO has no pulse. Who gets to zero first is an ignoble gaol in this death race.
4 - The obscure article cited had nothing to do with today's spread of the bid and offer. There is no relation between that meaningless article and the no volume day that XCHO had.
$4,400!!!!!! That used to be a commission for a big trade. It does not even qualify for chump change. It is totally illigical to come to any other conclusion. This was not buying. It was just some MMs messing around on a dull day.
Tomorrow may be more of the same until some real sellor comes along and the floor falls out from under the "stock" This is an insolvent business that will never come back.
"I believe they put out a PR that said they could buy more when needed even if NPHC didnt sell it to them"
Really? Where the heck would they get it if NPHC isn't making it and/or selling it to them?
This may explain why XCHO stock is doing better than one would expect under current conditions with NPHC
Brazil unemployment just hit all time low. Germany is at 18 year lows.
http://www.google.com/publicdata?ds=z9a8a3sje0h8ii_&met=unemployment_rate&idim=eu_country:DE&dl=en&hl=en&q=german+unemployment+rate
While USA long tern unemployment is worst in 70+ years. Obama policies get a F if media were honest about it. So Brazil move to American style free enterprise is greatly helping them, while Obama move to their old ways ( Brazilian Socialism) is hurting us. At least for XCHO, Brazil's good fortune is helping FL real estate.
Can Brazilians Save South Florida Real Estate?
Apr. 4 2011 - 10:40 am | 3,326 views | 0 recommendations | 0 comments
By KENNETH RAPOZA
"Only in Miami...is Brazil so far away."
If south Florida’s real estate market returns from the dead, thank a Brazilian.
Brazil’s upper middle class have been buying properties in Miami and Orlando since the 1990s, when high interest rates and high taxes forced many of them to invest overseas in a way to avoid tax authorities. Now, the middle class is buying up Florida properties, mainly in Miami, thanks to a strong currency, and more spending power than they have had in a generation, a Folha de São Paulo study revealed on Monday.
According to the Association of Foreign Real Estate Investors (AFIRE), Miami’s improving real estate market is due mainly to Brazil’s rising GDP.
“Wealth creation in Brazil is now starting to look for cross-border opportunities, and Miami certainly is a natural,” says Terra Blanca, CEO of Blanca Commercial Real Estate in Real Estate Journal Online last week. Greater Downtown Miami’s condo supply is overstocked, according to AFIRE . South Florida, and Miami especially, could come to depend on attracting foreign buyers like Brazilians while the US job market, and US incomes, continue to hobble along. Real estate prices are rising in Brazil, and still declining in south Florida.
A recent Franklin Templeton survey of foreign investors in some emerging markets showed that 70% of the 1,004 Brazilians surveyed said they would be putting money to work overseas this year. The average within the emerging markets surveyed was 62%.
Miami is ranked a distant 8th for foreign investment in real estate. New York, Washington, DC, Boston and San Francisco were the top four, according to Real Capital Analytics. Thanks to the bursting of the housing bubble in 2008, the US is currently ranked as the best place for capital appreciation in the world real estate markets, according to Real Capital.
Anything is posssible. After all we got Bin Laden after 10 years.
But other than a miracle, not in this or the next lifetime. The company has no products to speak of except nonsense pie in the sky stuff that the market has not accepted. It has no money and obviously aq liar and bood for a CEO who has mislead investors and botched everything he has done except to raise alms for the poor from dumb investors.
Why would anyone trust this guy? Why throw good money after bad? How many times does one have to get snake bitten (lol) before they call it a day?
that was a good one!!!!any chance of seeing nphc @.50 again?
The share price gone down 90%. I would say that I got that one right.
What am I missing here. All the XCHO boards are ghost towns and the company is deader than Bin Laden.
4 cent bid. And that bid is an illusion. I do not see how anyone can think that this is good.
This stock is worth ZERO. It is not even an asset. It is just a shell company with no business and lots of debt.
Unfortunately, XCHO does not have a business and no matter how much you wish that they can distribute Cobroxin without NPHC's permission they will lose for several reasons:
1 - The small amount of Cobroxin they have left may not be able to be sold at all because nobody wants it - to wit the dwindling quarterly sales - and NPHC can get injunctive relief from the courts to stop them.
2 - XCHO does not have enough money to keep their doors open.
3 - Without a contract with NPHC, XCHO will have nothing but a futile court battle with NPHC. This is because, both companies have no money to pay for lawyers and damages. As far as injunctive relief is concerned, NPHC could easily tie XCHO up in knots for months by starting with a TRO, thus freezing Cobroxin sales until the courts decide. As far as the contract is concerned, any idiot can make a case that Frank violated his end of the deal by not acting in good faith - to wit the delays in rolling out the product and the Ad campaign plus the pathetic lack of good fasith in enacting the Ad campaign.
4 - In the end, if NPHC does not sell Cobroxin to XCHO, XCHO's goose is cooked.
5 - Last, but not least, Frank knows all of this. Frank is beaten and wants to move on with his life. It is obvious that he knows that he can not get to first base with Cobroxin. It is human nature to move on after such a failure. His ludicrous attempt at face saving with the real estate announcement says it all. That plus his hiding from investors.
The game is over and Frank knows it. He has known it for almost one year. The product never caught on. Whether it works or not is not the issue. Sales are the issue and Frank has hidden for one year while he let investors twist in the wind.
Why would anyone put their money with a failure who has no money, no talent, has failed for one year, and has hidden like a weasel who can not be trusted?
I believe they have enough cobroxin for at least 6 months.
I believe they put out a PR that said they could buy more when needed even if NPHC didnt sell it to them
I believe in the product and use it regularly, had a call from a friend who bought some today and said the store had a lot of it and said the sales lady said they were getting more call for it. ( may be the people that I have told as I have told a few)
I believe it is a bad thing for this to end in a fight but think XCHO can survive
I still believe.......CWC
They have admitted in their quarterly that they now have only around a couple of months worth of cash before they have to close the doors.
So the market makers and bagholders are pulling out all stops to get NPHC's stock price up so they can unload the shares on other people. Hence, Fiday's low volume ($80K) move up in share price on a quiet pre holiday session with stories about a mountain climber, senior citizens, XCHO being terminated, a Nyloxin rollout, etc.
The problem is that Schein has had Nyloxin for months, so haven't they already rolled it out? That seems like an oxymoron to me.
Also, the market for Nyloxin from Schein and the senior citizens is tiny and a hard sell
The company is broke and has shown no ability to sell their non governmental approved products for years.
Bialystock and Bloom anyone?
Whoever buys this stock will be holding shares in a company that will be admittedly bust very soon. So how can the shares of a bankrupt business with no prospects (nothing in FDA trials) and no products that the public wants, be worth more than zero?
XCHO's stock is worthless and XCHO is being used as a scapegoat by NPHC. XCHO can't collect any money from NPHC even if they were to win a lawsuit because NPHC has no money.
If NPHC can't even pay off XCHO, how can they pay any other bills?
1000 to 1 longshot: If Rik has independent wealth and fraud can be proven, perhaps Frank can pierce the corporate veil and collect from Frank personally.
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