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Vlad to Leo: Vat you sellin here Leo ? My sources say it no verk good.
Leo to Vlad: No Vlad, it works great. You will like it. 'B' has killed everyone ever associated with it, except me because I know what it is.
Vlad to Leo: Vell, if 'B' verks so good vhy you no sell to Amerikans and come to me ?
Leo to Vlad: That's the beauty of 'B', it kills slowly. It is a secret weapon of mass-destruction. First the affected love it, then they lose everything, later they have no will to live and you know what comes later.
- and Yes, I have proof- Vlad. The affected go crazy and go All-In, then lose their minds, like a hopeless gambling addict. Additional beauty there are always a few that always defend it and hope for mass-production. True believers Vlad, think of it. And I am arms-length away, just stoke the flame on occasion, not too much though.
Vlad to Leo: Nothin verks dat goot. And Amerikans not THAT stupid but you good BS'r. I have heard enough -Get out of here.
Where is that Pounding the table $51.53 club ?
You know this sled is finished when the touting Dr. Feeldoom (Big Kahuna) has left the sinking ship on his well-stocked life raft.
Yes, indeed. When IPIX CEO, head of a failed penny stock company (soon to be sub-penny) earns more than Dr. Fauci, something is seriously wrong.
https://www.google.com/aclk?sa=l&ai=DChcSEwjW0qywgsv1AhVUPK0GHUERCzMYABAAGgJwdg&ae=2&sig=AOD64_31TL07M9QbT7iui53uMCujI2r_EQ&q&nis=1&adurl&ved=2ahUKEwjjkp2wgsv1AhVRIUQIHcAiD7EQ0Qx6BAgCEAE
He is well versed in taking your $'s within the 'rules', regardless of the PR omissions, spin and misdirection, within his numerous 'Expectations', covered by Safe Harbor statements for an OTC Co.
All he needs to say is 'We Tried and didn't meet our expectations'.
I'm almost sure Max's Lawyers must have said something similar, or there would have been a Class Action initiated by now.
HA ! He's just contributing to Leo's salary. Guess he doesn't know that, yet.
Like when has 'Averaging Down' worked for anyone with this sled ?
Der Fuhrer is hiding in the bunker while his troops are getting slaughtered
above ground. This time with no proclamations about 'Wonder Weapons' that are just-around-the-corner.
Oh, he's the master all right, The Master of Disaster, but not for himself.
Leo can lower his monster $500,000 per year salary 50% in these dire times to show the shareholders that he's doing his part. Since the share holders are paying for everything anyway, including the lawyers for his blunder on the office lease.
Time to end The Lifestyle when shareholders are getting slaughtered.
-Bunny
The actionable reality from the most transparent and communicative CEO in emerging bio-tech after a 90% DROP of share value is NADA.
To those still holding shares in this nightmare, Leo has delivered hell at 0.04 cents PS, on it's way to .03 Cents !
Where are all those investors who were happy to get the opportunity to Average Down and 'Loaded the Boat' at $1.00 PS ?
They had to get that 10-Q out before the news of 'B' failure notification to try to lesson the blow.
We can 'assume' IPIX knew of B failure prior to release of the 10-Q.
Interesting to watch the death rattle, wiggling and squirming, with the usual manipulative spin and deflection we have come to know so well demonstrated over the years with this bunch. Should be no surprise to any veteran here who did their DD.
I mentioned a long time ago that if IPIX couldn't hold $1.00 PS there was nothing to stop it going to the bottom.
At that time they still had Aspire they could draw funds from, but those would only be sold into the float. With failure of 'P' and now 'B' and the PPS being below $0.10 cents they can't draw from Aspire by contract. So they are unloading Prefferds, which gets dumped into the float.
As unusal the 'Management believes' was wrong, and the Master Cylinder (Leo) miscalculated again. IPIX is in it's weakest position since inception, IMO.
It's circuling the drain.
What possible realistic good news could be 'Just around the corner' for this sled before it bleeds-out ?
From that 10-Q:
Requirement for Additional Working Capital
The Company, contingent on future sales of its securities, currently expects to incur total operating expenses of approximately $10.7 million for the next 12 months, including approximately $8.7 million for clinical activities, supportive research, and drug product development. The Company has limited experience with pharmaceutical drug development. As such, this budget estimate may change in the future. In addition, the actual work to be performed is not known at this time, other than a broad outline, as is normal with any scientific work. As further work is performed, additional work may become necessary or a change in plans or workload may occur. Such changes may have an adverse impact on our estimated budget and on our projected timeline of drug development.
The Company will be unable to proceed with its planned drug development programs, meet its administrative expense requirements, capital costs, or staffing costs without accessing its financing available with Aspire Capital of approximately $30 million, of which approximately $25.4 million remains as of the date of this filing. Management believes, as of the date of this filing that the funding amount from Aspire Capital will be available as needed by the Company and that adverse market conditions in the Company’s common stock price and trading volume, will not prevent the Company from funding its working capital requirements for the next 12 months from the date of this filing.
In the event that we are unable to generate sufficient cash from our 2020 Agreement with Aspire Capital or raise additional funds from others, we may be required to delay, reduce or severely curtail our operations or otherwise impede our on-going business efforts, which could have a material adverse effect on our future business, operating results, financial condition and long-term prospects. The Company expects to seek to obtain additional funding through business development activities (i.e. licensing and partnerships) and future equity issuances. There can be no assurance as to the availability or terms upon which such financing and capital might be available to us.
Good for you sox. I know we bumped heads back-in-the-day but I had been warning of this con from Brooklyn a long time ago. Glad you saw the light and on the verge of being made whole and not getting zeroed out.
An Iraq Dinar RV would be a better bet than a dollar spent on this Lifestyle Sled.
-Bunny
Leo never paid for anything, although shareholders paid a lot for The Lifestyle.
What did Dr. Menon get paid in - shares ? Oh, then there is The Lease, the lawyers etc etc.
What will the excuse be in the fast approaching end, we tried ?
-Bunny
I don't believe so because Leo was ahead of Liz on 'testing' but his was saliva instead of blood, until he got a warning letter from the FDA.
https://quackwatch.org/cases/fdawarning/prod/fda-warning-letters-about-products-2000/saliva/
With that clear shot-across-the-bow, the jig-was-up, he bailed and went 'nano' with 'The Sled' (NNVC). There's so much more...
However, I agree that Leo would love to have Liz's BoD:
https://www.businessinsider.com/theranos-former-board-members-henry-kissinger-george-shultz-james-mattis-2019-3
Perhaps he's watching the Theranos trial ?
Everyone is Bio-tech is.
https://www.bloomberg.com/news/articles/2022-01-03/holmes-jurors-say-struggling-to-reach-verdict-on-3-of-11-counts?srnd=premium
IPIX vs. Cummings Properties -lawsuit.
http://www.masscourts.org/eservices/;jsessionid=3E9F6C34FB66C41E757F3560A92D5EE1?x=KBZMmm6LNZH*11EKvnvcV-Py2m9GeyK4BtjYTmO6UdM5MoT1grds*c5Uq5JjzfNnAVCor2pMHiyVVIWGs2Iw1n3wEawniJiFWGJwiO4JkfMV6SUPiW3G3u181raxlHw0seDxXisMsm8yyCrXd4gpmTKgGxaiV*IROqkF5caTnCs
A telling read.
Who doesn't read the Terms of Lease, then says 'You Trapped us' and counter sues ?
Try placing a Bid at .055 and see if it fills. Save 75%. Happy New Year!
Leo Luvs Ya !
Could be vacationing large on the corporate dime (oh, I know it's a Business expense).
Concern for the Long-Suffering Shareholders ? HA !
"Come-on Man"
Well, It's like watching any good monster movie; You want to stay till the very end to see if the beast is indeed dead and doesn't start twitching, opens one eye, and then to everyones horror springs back to life to continue to ravish all those within striking distance.
Squeezing the last of the essence from his victums that he knows well.
Brilliant post.
It may moon to a dime but if so, so what?
As you well have experienced (IPIX Roach Motel) 'they' won't let you sell a large block (at Limit) unless you go Market Order (Mega-OUCH).
From $4.93 to .5 Cents. No Partnership, no cash to advance, and no Santa Ralley either.
Leo's got you trapped. Nothing left, just a shell, but the Lifestyle continues....
I feel bad for few remaining sled holders, hanging on by 'a spring, a wire, and a prayer'.
Left with only fielding questions from family during the holidays
- How's it going with that Next Regenegon Bio-Tech of yours ?
-bunny
.30 cents per share, really ?
I thought you Averaged Down 'filling-the-Boat' at $1.00 PS.
At this point .10 cents would be a dream, as there is nothing left of value. Everyone looked and passed on the Next Regeneron.
Max, You (and many others) had a chance to get out of this Lifestyle sled at $1.40.
You know, I warned.....
-bunny
Thank You loanranger.
Could be some value. If so, it's probably just enough to be paid-off in a chunk of Prefferds, and we know who's got those.
'Commons'? Say Good-Bye, no meat left on that bone.
And what about that Alligator Sled Lease ? and that 10% Interest Only Loan
Leo lent to his company, what happened to that ? Shareholders still paying ?
Max, You Painting the Tape ?
There is an 'investment' where IPIX is a winner no-matter the continued losing on every attempt of pipeline advancement: Living large on shareholders dime, even where the PPS tries to hold on to .05 cents PS.
No adjustment to salaries due to dire circumstances? No protests from long-suffering shareholders as they are whittled down to the nub ?
Great ! Keep buying these Air Shares and don't sell till $51.53 !
RSI Hard Bottom is .... just-around-the-corner (eyes rolling).
So you sold your house near the bottom of the R.E. market and went All-In into this sled (above a $1.00+ ?) and rode the sled all the way down ? ?
If so, sorry to hear that. Quite a sad but honest disclosure.
lt happened to those who believed 'The Pump' of The Next Regeneron (per Leo). ... and you only blame yourself ? Leo Loves YA !
Why not also have a chat about all those who stated (with a laugh) that 'If
the PPS ever goes back down to $1.00 PS - they will fill the boat'.
(I remember it well but I been here a long time).
How many are still here of the 'NO sell till $51.53' club ? How did 'Averaging Down' work for investors (Touted strategy by some here) ?
Should be a interesting discussion. No ?
The warning signs about this sled have been out there for a long time.
Those that wonder what happened to Prurisol was clearly shown in this article in 'The Street', what the company put out to the public and what was left out.
https://www.thestreet.com/investing/stocks/biotech-school-when-cellceutix-ceo-rants-about-criminal-short-smart-investors-see-red-flags-13960573
He was a Bio-tech expert and said he did a lot of research and was a huge investor in CTIX. Curios of his current research analysis.
'Penny Stock Investor Protection Program' Ha! could be after seeing the reality of how 'turning-the-corner' with this sled turned out.
I don't expect a reply, but you never know.
.
It's been awhile. You did IMO some great analysis of CTIX in the past.
In your current analysis, do you still still feel that the science is as strong as ever ? Or did Leo disappoint ?
Thanks.
YES, there is. The CEO can buy tons of shares to support the SP.
However, he didn't do that when it was trending under a $1.00 or at .60 cents. History shows that he doesn't buy anything that he gets for free.
Per CEO: "The Next Regeneron". "2015 the year of Partnership" "Uplisting to NASDAQ".
So many more touting, too numerous to mention, out in the open 'Headline' statements from the 3-Card Monty Master.