Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
More dilution. $6M raised, to issue 78M shares. The only redeeming feature is Institutional investors have jumped in here.
I distinctly remember Bobby boy telling all of us that there would be no further dilution or was I dreaming it. LOL
Cheers mates.
Based on what? and what is this site about bottom fish dwellers fighting over scraps? Really, this is what it's come to now.
SSC, Are they any better or worse than all the fat guys on Wall Street or ASX? A little greed goes a long way and so does a lot of cow manure from Bob Proulx. He is no better, constant moving the goal line further out and out and diluting the hell out of the stock. Meanwhile, he racks up almost $400k making videos. Great job if you can find it.
Not sure why all this sudden surge in the stock price, but I won't complain.
Mind you, IPO was at 20 cents so clawing back to 1/2 that price is still not enough for me.
Wake me up at 30 cents.
hooroo and good luck mates
Hey Proulx, What happened to "no funding rounds until next year" pump, pump, pump, dilute, dilute, dilute
https://www.asx.com.au/asxpdf/20200729/pdf/44ky8xcqcyg5rp.pdf
Here it is from the outback.
https://www.asx.com.au/asxpdf/20200728/pdf/44kx0spyvct1zg.pdf
Seems like more dilution coming. when will it end?
I used to think Bobby Proulx knew what he was doing. So many truths that are only half-truths.
All I want is the whole truth, tell us there is no human instrument coming any time soon. Why not just say it?
Two trading halts in a row, why would you do that?
Totally correct, nothing in any of the pressers that the human instrument has ever been designed and developed. It seems smart that they put the Human Instrument on the back burner, spend the money smartly. Just MHO.
This will be another capital raise. For what and how much is the question now.
Didn't Proulx say no more capital raises until after the end of the year?? or was this my illusional dilutional hope.
So tired of the constant dilution!!
I hope I am wrong, More dilution
Imagion Biosystems Limited (ASX: IBX) – Trading Halt (2+2)
Description
The securities of Imagion Biosystems Limited (‘IBX’) will be placed in trading halt at the request of IBX, pending
it releasing an announcement regarding a capital raising. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Friday, 31 July 2020 or when the announcement is released to the market.
Big deal and catchy headlines, where are the numbers to validate this publication calculating the valuation anywhere near Tesla? Its all research-based news, how about all the talk about the human instrument that is now 2 years old. Wake me up when they get back to 20 cents.
yes, why?
Westpac.
Pricy but worth the money and they provide extensive research.
Hey rustydog62,
Proulx is a salesman, don't forget that and he never said that "many other big players that will be requesting of getting deals with them on this new cancer imaging machine fairly soon"
The youtube article is so popular that it has racked up 256 hits (sarcasm here)
I just can't get over the constant dilution.
Imagion establishes collaboration with Siemens Healthineers.
https://www.asx.com.au/asxpdf/20200520/pdf/44hz39wnbdxj6n.pdf
Imagion establishes collaboration with Siemens Healthineers.
https://www.asx.com.au/asxpdf/20200520/pdf/44hz39wnbdxj6n.pdf
My guess, First human testing will be done at MDA.
You're doing a disservice to "down under", these stooges are from down under San Diego. "Cookoo Cavaliers" The Stooges are unsuccessful fish salesmen in San Diego
https://ibb.co/L6YF9nq
VerminHex,
Your calculations are puckeringly correct, 1.15 BILLION. Welcome to the next act of the Proulx show. Let's wait and see how many acts he has left in his magical bag of the Imagion-ation show. It is to pain$ul to continue to hold on. Why oh why am I still in this horror show?
Everything Proulx has done lately just stinks. Nothing more to say or write about.
The dilution is simply out of this world. No way for me to get out other than sell at a heavy loss. So, now in it for as long as I can stand his paid PR/IR pieces and those are becoming more vomiting exercises in propaganda.
I won't be posting anything unless it is real and solid, and does not include fluff and paid content.
Extremely frustrated shareholder!!!
Call it smart luck, but IMHO Dilution.
Rusty,
No chance that this is possible, if IBX was even remotely involved in any coronavirus research they would have published it weeks ago.
Logic, chance and even dumb luck says that trading halt has to be what ssc posted, more dilution coming our way and I am no fanboy of any more dilution in any form.
Cheers
Who in his freaking right mind would ever do this in these unprecedented times?
The world is at a standstill and Proulx raises money in the worst market ever?
Come on cheerleaders tell us what is going on here.
IMHO, I think you are right mate. It is a never-ending dilution.
Don't recall Proulx mentioning this in his last paid interview or Investor presentations do you?
Just plain fear of the truth! Proulx made a lot of promises in those paid-for ads and is fearful of anything blowing back on him. JMHO
I got you rusty, but I believe the manufacturing Proulx is alluding(I write alluding because as usual, it is just not clear) to is not the human-size detection instrument, but the nanoparticles. It takes specialized equipment to ramp up production of the particles.
I just cannot logically believe that they are spending funds on this. Start with the biopsy, use a machine you have and then move to a larger instrument and human studies. Cheap route and simple step by step process. Prove out your theories and nanoparticles and move on to the bigger fish
Ask yourself this question, If as you say they are building the human instrument, whey would they not write this in this presser??
Then again, logic doesn't always prevail with these, Not the full quid grey hairs.
JMHO here.
Cheers mate.
Rusty, You may be correct on the timing of the study, but read my response to ssc on the mhtx board.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=154128873
It is the only logical step for IBX. Use the money you have wisely. I highly doubt that the first study will use a human instrument from Planet Innovations. Just MHO here.
Reading all of the publications that Proulx has put out, including this last one, it is clear that "clinical instrument design plan is complete" the "design" may be complete, but I doubt that the human instrument is complete and ready.
My guess and only a guess is no, the human instrument is far from complete and the first study (lymph node biopsies) will be done using that old instrument that resides at MD Anderson.
It is the only logical step considering Imagion's financial status.
Think about it for just one minute, how much time and $$$ IBX would have to invest to build the new human instrument, create the tests for the studies, etc. Not happening this quarter unless there is a large influx of funds, which of course will mean more dilution.
As par for the course, Proulx has not made this clear and has everyone, including all of us here trying to look for breadcrumbs and answers.
To our mate Rusty, hey, nice find on the new $2M Aussie bucks "similar tax refund of approximately $2 million, which it expects to receive in the second calendar quarter of 2020"
I guess I can B & complain, but not going to I am done with that. Patience is part of the game with this stock.
Good news, but it still seems that they have a long way to go to the human study. "later this year" seems like a far away place that seems to always be delayed.
Business Update: Manufacturing Commences
Imagion Biosystems Limited (ASX: IBX) (the Company), a company dedicated to improving healthcare through the earlier detection of cancer, is pleased to provide an update on progress towards its key business objective of initiating its first study for HER2 metastatic breast cancer in human subjects this year.
The primary operational focus for the past quarter has been on ensuring the readiness of its contract-manufacturing partners to begin the manufacturing of the nanoparticle formulation to be used in the study. The company is pleased to report it has purchased equipment and supplies and has completed the necessary vendor qualifications and audits to confirm compliance with GMP (Good Manufacturing Practice), required for the manufacturing of medical devices and pharmaceutical products used in human clinical studies.
With these steps complete, the company will now commence manufacturing.
“Patient safety is of paramount importance for all human studies,” said Bob Proulx, Executive Chairman of Imagion Biosystems. “With this being the first time our nanoparticle product is to be used in a human study, we have taken great care in our preparations to ensure we could move forward with confidence into manufacturing and achieve the exacting standards required of GMP manufacturing processes.”
While manufacturing proceeds, the Company will continue working on the other key areas needed to support initiating the study later this year when manufacturing is complete. This includes establishing clinical sites and preparing the sites for enrolment of subjects, and receiving the necessary regulatory authorization, for example an Investigational Device Exemption (IDE) from the US FDA.
Dialogue with the FDA continues as previously advised, and is in line with expectations at this stage of the process.
My own interpretation is that this release is primarily about the nanoparticles.
They never talk about the human instrument because with the money they have left in the bank it will only be possible to perform one of the studies, most probably the breast cancer study.
The GMP of the nanoparticles is required for the company to receive approval from the FDA for the in human trials it is good news that they have commenced manufacturing.
No one can provide the answer to your questions on the human instrument because the date has always been a moving target. This will require more money and guess what, more dilution.
This may be of interest here. Still waiting on Imagion to explain it all.
Kemper Shaw is on the BOD at Californian based company Collinear, Wireless Connectivity Innovator:-
https://www.collinear.com/leadership/"
Now the curious thing is that the last time we had a massive selldown like this, it was done by his mate, William Taylor, who offloaded about 20 million shares. These guys both worked together at Collinear...
This link details when they both became significant SHs and now both have offloaded in a big way killing the momentum of the SP rally once again......why????
https://www.biotechdaily.com.au/media/backissues/2019/01%20Jan/BD%20Biotech%20Daily%20Jan%2031.pdf
"IMAGION BIOSYSTEMS
In separate filings, Kemper Shaw and William Taylor Nominees say both have become substantial shareholders in Imagion with 36,798,818 shares (11.4%). Both Mr Shaw and William Taylor Nominees’ James and Marion Taylor gave the same Bondi Junction post box address, said they each acquired 25,000,000 shares in the rights issue that raised $4.3 million at four cents a share and held the same number of shares (BD: Nov 19, 2018).
A spokesman for Imagion told Biotech Daily that the two identical holdings were held by Kemper Shaw and James Taylor, who both worked for the same company. Imagion fell 0.4 cents or 10.8 percent to 3.3 cents."
They both purchased the exact same number of shares, 36,798,818
Anyway, good news in that it was only the one person that caused all of that chaos yesterday; why did he bail, who knows?? What kind of negative inside info would he have when the trials haven't started?? Why did his mate William Taylor bail when he did back in July, each to their own.
Now I did a bit more digging and have found that these guys are locked in a court case with Lockheed Martin, the massive aerospace company. Lockheed Martin is suing Collinear. These court proceedings started in July, the same time Taylor sold down, and I believe it's still in progress; refer to these links:-
https://dockets.justia.com/docket/california/candce/5:2019cv04074/344870
(you'll find William Taylor and Kemper Shaw mentioned in this article)
https://casetext.com/case/lockheed-martin-corp-v-aceworld-holdings-pty-ltd
Maybe Shaw and Taylor need the cash??
It also appears as if William Taylor Nominees, another large shareholder may be selling.
Perhaps, but it was more the fact that one of the largest shareholders sold.Kemper Shaw
https://www.asx.com.au/asxpdf/20200214/pdf/44f3dq4h6ffvrn.pdf
Not a good sign when one of your largest shareholders sells on zero news.
Didn't anyone else notice that IBX trade over 57M shares yesterday?
Not sure what to make of it, other than there were huge sellers.
Huge volumes like this should follow some kind of news. Something fishy?? or insiders jumping ship before news?
Once again IBX is silent. Trading over 10% of your MC needs an explanation from Bob Proulx, even if it's just "nothing new, just market fluctuations".
Wake up IBX, tell your shareholders something.
Valid point, but maybe you can find a citation where Isreali scientists have paid anyone $400K+ for their nanoparticle.
IMHO this is one area that with the help of CINT IBX seems? to have mastered. Dilution, promises kept and stock related performances IBX has so far failed.
https://share-ng.sandia.gov/news/resources/news_releases/magnetic_nanoparticles/#.WueclNPwbmF
I don't care if they plopped Proulx on a table wearing diapers and auction him off for legal fees, just get the damn FDA study going and get the approval.
I know I am setting the bar low, but at this moment in my time with IBX, I can't even look at the dilution, it hurts too much.
I don't care if they plopped Proulx on a table wearing diapers and auction him off for legal fees, just get the damn FDA study going and get the approval.
I know I am setting the bar low, but at this moment in my time with IBX, I can't even look at the dilution, it hurts too much.
Definitely piqued my interest, but that person asking the questions sounds like a real amateur. I wonder how much IBX paid for this? There was more music than actual questions.
IBX received more bang for their (our) bucks with this paid ad.
https://finfeed.com/opinion/question-and-answer/interview-mike-harsh-evolution-imaging-and-imagions-role/
Certainly, a better read and much more professionally done.
My question is, why can't IBX management find a real heavy hitter news leader to focus on the tech? Why continually use the money they don't have for such amateur interviews?
Talk, hype, talk, hype, and on and on it goes. Your question is on the money. 2 cent offering 2 cent stock.
The dilution is a killer and IBXR is trading at 1 cent. Pitiful
Imagion Biosystems investor update
https://www.asx.com.au/asxpdf/20191002/pdf/44941z2dxksbf0.pdf
MagSense Utility as a Potential MRI Contrast Agent
https://www.asx.com.au/asxpdf/20190909/pdf/448btw0qj73p67.pdf
Investor Presentation
https://www.asx.com.au/asxpdf/20190909/pdf/448bxg9hjp9pv5.pdf