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Time is of the essence and yet they decide to create a weekly payment plan that has its last payment date left open. Pretty nifty. One of the word flubs I mentioned earlier was when they used the word “much” to replace another word. They definitely didn’t want to use the correct word for the sentence. Hilarious. Hula Hula Cuckoo Penny
You have to laugh…. Time is of the Essence. It is very important to the Parties that each Closing is performed in a timely manner. Time is of the essence, thus all things which are required to be done by certain dates must be done, otherwise such failure shall be deemed a material default. If either party breaches the Agreement or this Amendment, the non-breaching party may elect to declare this null and void and all right of the defaulting party hereunder shall terminate. If the non-breaching party does not exercise its option to terminate the Agreement, as amended by this Amendment, said non-breaching party may require specific performance and also exercise any other legal rights and remedies available to it, and said non-breaching party shall be entitled to recover from the breaching party its cost, expenses, and attorney fees incurred in enforcing the terms of this agreement or pursuing a remedy as a result of the breach of the Agreement and this Amendment.
I don’t understand what you’re saying regarding Teper creating havoc at Cytovia. I understand he’s not paying his employees. But he’s also not paying anyone in BK. So not really a surprise. I agree that Teper is taking it right down to the wire. Lots going on. With no rate cuts coming, Teper will just extend and delay. Yields are too good. Hula Hula Cuckoo Penny
I can also see them easily going into 2026 especially with the end goal of being consumed is near. They could do that INVO deal and make many whole again. At the end of the day this all about options, bonds and rate cuts. lol
Actually I’m not focused on dates but June is definitely a good time for them to do something with ESHA. I agree that they still can do many things with many other contenders during the de-SPAC period. They will have up to one year to get all that done. Our de-SPAC has been roughly two years so hopefully they keep it down to one year for second de-SPAC. It would be nice to see this wrapped up in 2025. We know this is going into June 2025 without liquidity for us Long equity target holders. I could see this going into 2026 knowing that de-SPAC ends in June. Bankruptcy means very little at this stage. Continued interest ends in June. I’m hoping my 50th birthday year will be a good one. Hula Hula Cuckoo Penny
Don’t believe what you read with that 3rd amendment. That whole timeline for the share payments is a joke. They left a huge opening at the end for the remaining 500000 plus. I’ve also noticed a few crucial word and grammar flubs. So I wouldn’t get too excited with this amendment. It’s all fluff job in my eyes. The only thing that’s true is what’s probably not being said. July is just the beginning of more lies and bullshit amendments to come. That amendment is a joke. Wow. Hilarious. Hula Hula Ccukoo Penny
You're in "nowhere land" because all these affiliations with those other companies you've dreamed up aren't real. Immune Pharmaceuticals has no affiliation with any of them. Immune Pharmaceuticals is in Chapter 7 bankruptcy proceedings. Most of the assets are already sold to other companies, and the rest will also be liquidated. Companies don't "emerge" from Chapter 7 bankruptcy, they are shut down, devoid of assets, employees, business operations. That's reality, a fact, something you don't seem to have a concept of.
Your stock is dead, nobody is going to give you cash or anything else for it. The sooner you do some actual research and understand the bankruptcy laws and outcomes, you'll be much happier. Denial is no place to be.
So is it safe for me to say that we all are patiently waiting for June SPAC merger? I don’t recall any timelines that I need to be aware of. We went past all the dates for IMNPQ, INVO, Cellectis, Satellos, Cytovia, Isleworth…….etc. I feel like we’re in nowhere land. Yes we have to get amended S-4 and yes we are working towards something but ultimately next in line is ESHA. I do like the idea of them using BioNanoSim.
Letterpenny
Some folks realize they have been conned and is trying to get what is do them before they lose everything.
Cheers
Yes Mike. Lots of suits against Cytovia. I haven’t seen the accounting case but I’ve seen a few others pop up. I know of a new one that was just announced in first week of May.. I am aware of most suits Mike. All a joke to me. Not much we can do about it. It’s sad that some folk are feeling obligated to pull the trigger. There are winners and losers everywhere. Hula Hula Cuckoo Penny
Cheers! Same to you
Very true CheekyKent. Very true. My memory is not what it used to be. Time hasn’t been my friend with this venture. Still another year to go . Trust you are well and enjoying your days. Have a great weekend. Be well. Hula Hula Cuckoo Penny
You have forgotten more than most know.
So funny. I keep forgetting the 1 year waiting period after deal is closed. So still a long ways to go. Seems like Im learning something new every year. I think time just flys by and I forget. Sounds more likely. Im old. Hilarious. Hula Hula Cuckoo Penny
Let’s not forget the 2 years of financial requirement for S-4. Amendment would get us on the right track to Super 8k. There’s still a few requirements left to go. Also don’t forget the 1 year holding period for target shareholders after SPAC combination is closed. De-SPAC takes a year to unfold. So no liquidity until June 2025 for long target shareholders. Hula Hula Cuckoo Penny
Yes Bruce. Agreed. I don’t see it in play until after SPAC deal. All the other deals were simply put in place to allow friends a cheap buy-in. That Peter guy got a sweet deal. Now that’s a scum bag. Obviously he knows our scumbag crew. Birds of the same feather flock together. I also agree that there is an end goal in place and it’s just about letting this drag until they announce merger. INVO was such a scam. Feel bad for those original INVO shareholders. The management was merciless with destroying that company and then doing this scam to let scumbag shareholders in at the bottom. Same story different company name. I hear this savage treatment happens all the time. It’s a pirates world. I guess corporate raiding can be a beautiful thing for certain folk. As per the BK timing. I haven’t the clue where we stand there. I only know what needs to happen. We should see something during June with SPAC. Maybe earlier if we are lucky. Who knows. All guesses. Hula Hula Cuckoo Penny
I like that site RLK for info. Are you trying to show us Immune’s valuation? I recieved my tax slips. I know the shares are worth zero. I’ve left shares in my accounts hoping all turns out ok. Crossing my fingers here. My home team is doing well in NHL Playoffs. So life is good. Just wish we could see some conclusions with Immune. Everything seems to be sitting in limbo. Sucks. Hope you are well and life is good. Be well. Hula Hula Cuckoo Penny
No merger connection with SPAC or Satellos. I don’t see connection unless it remains separate and comes from side. I could see them up-list using ESH. I just don’t know if it fits the timeline. I guess it could happen simultaneously at the same time. Who Knows. Hula Hula Cuckoo Penny
Don’t forget about Satellos and ESH having potential to be some future components of what’s to possibly come in the near future. Wonder when we get amendment to S-4. Hilarious. Hula Hula Cuckoo Penny
I attached some good news that was reported in 2023 but I must have missed it. “[b]One of the colchicine site ligands that has successfully passed a phase II clinical trial is verubulin (Azixa, 1) [16,17,18,19] (Figure 1). Since the first reports of verubulin as a potent microtubule-disrupting agent and especially after the suspension of its further clinical promotion due to economic reasons [20], several research groups extensively studied the structure–activity relationship for the series of analogues of the lead molecule (Figure 1) [20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36]. In particular, the following modifications were carried out: the variations of the substituent in position 2 of quinazoline, conformational restriction of 4-methoxy-N-methylaniline moiety, replacement of quinazoline core with other aromatic heterocycles, etc.”
As you all know, Azixa is our little baby. So good news that tests results turned out in our favour. Let’s cross our fingers for the next clinical trial phase. Hula Hula Cuckoo Penny
Nice to see Satellos listed in Berlin and in US on OTC. So they have made some progress. Interesting that they took the Canadian route and kept it. I’m sure they’ll drop that once they up-list. Hula Hula Cuckoo Penny
Satellos………. ESH…….. INVO……… Naya……CYTOVIA. Hula Hula Cuckoo Penny
Look forward to seeing the INVO amended S-4 filing. Delisting will be an interesting subject. Wonder who will be breaching who. So presently, Naya couldn’t can’t find the money and INVO can’t remain listed, and yet at the same time INVO does a couple discounted share deals. Wow. Super interesting. All adds up right. lol. Then you have courts still working on withholding tax etc. EHS needs to step in. Hula Hula Cuckoo Penny
The only issue here is they just uplisted. Why list to only immediately delist. I guess they needed to keep those shares public to do what they needed during that time. Then again. If they do that split….. all changes. All I know is that ESH has until end of June. I see Satellos coming in but maybe after ESH. Anything is possible. Hula Hula Cuckoo Penny
It will be real amazing if RS is initiated. I think that move would suit the hub and spoke gambit they’re running. Stay tuned. Hula Hula Cuckoo Penny
Is the special meeting for Satellos? I don’t see the date for that meeting?
Are you saying Satellos is having a reverse split? I didn’t know about that move. They are pulling out all the stops. I guess they could merge with SPAC and then once completed merge into Naya. They have lots of ways to go. A few options to choose from. I’m glad you’re on the Satellos train still. I think it’s a real possibility. Nothings ever guaranteed but it sure looks promising. ESH is just a matter of time. They have till June. I think we should see something happen in May. Just a guess. I wonder how long they have to square INVO away. This delisting procedure timing can be stretched out for a while. I guess we just have to sit on our hands until SPAC comes in. Then it’s all over. Game over. 2025 will then provide hopefully a good ending. Hula Hula Cuckoo Penny
Bruce, they could still go the route of Satellos. Although, I don’t know if they can squeeze that transaction in before ESH deadline. Most likely it’s ESH that completes their merger first. There’s also one more option. They could complete this current deal without delisting. Unlikely. Lol. Seems to me they are wanting to delist. Who knows. Not me. Hula Hula Cuckoo Penny
Like I said folks. All this is a scam for friends to get shares for cheap. It’s disgusting but whatever. Fuck em. Not here to make friends. 2025 is looking good people. No liquidity till then. Hula Hula Cuckoo Penny
ESH to the rescue. Invo goes off silently into the night like Isleworth. Let’s see what happens with ESH merger. Hula Hula Cuckoo Penny
Its only 68 percent. So I was off a bit saying 75 percent. It’s not 3/4. Its 2/3. So a little better but still shameful. All highway robbery to me. Hula Hula Cuckoo Penny
There you have it folks. New 8k out yesterday for INVO. Yes. They are delisting. So that’s a good merger delay and I guess they decided to go the old delisting route. That should definitely take until June. Perfect delay tactic. Hilarious. Hula Hula Cuckoo Penny
Satellos special meeting coming up in mid May. They’re looking to do a reverse split. 20:1 or 5:1.
Just when I thought 50% was ridiculous. 75% just sounds illegal.
Wow. I’m glad I put those shares in my TFSA, My government just decided to increase the inclusion rate percentage for our capital gains tax. We are no longer at 50 %. They just raised it to 75%. That will also include sales of real estate etc. So all secondary property owners will be hit hard. I heard this possibly was coming down the pipe . But still. That’s crazy. So glad I loaded my TFSAs, Yes , I still get hit with the one time income tax hit, but all future subsequent investment is tax free. Not bad. Not good. But not too bad. Hula Hula Cuckoo Penny
Satellos’s company presentation is out. I wonder if these guys are still in play, stay tuned in. Lots happening there. https://ir.satellos.com/files/doc_presentation/2024/04/Satellos-Deck_Q22024.pdf
I wonder if INVO will file another NT extension. Stay tuned. Hula Hula Crazy Penny
I guess we agree to disagree. Perfectly fine with me . I’m not out to prove anything. I think wording was pretty clear for the Bert sale. Only Bert and its relating assets have been acquired. There was no other information released regarding the sale of any other remaining assets. Pretty simple. Though it’s your perfect right and freedom to feel different than me. More power to you. As for clinical trials. That’s funny stuff. I believe Teper has openly LIED about clinical trials and all timing associated with the process for many years. I wouldn’t start believing anything at this early stage in the game. Hopefully June will be a better time for us. There will be nothing until June onwards. We should finally be in the ESH deal by then and hopefully we will see some liquidity in 2025. No rate cuts coming till second half of year or maybe even early next year. I’m thinking rates affect this deal stuff. I think they prefer making a higher yield with freeze on rates. Free money is a good thing especially when there’s no real cost of capital. Sitting and waiting for the breeze to change is not a bad thing. Sucks for us Longs but that’s the way the ball bounces. Hula Hula Cuckoo Penny
Glad to see you are doing well enjoying the good life. Thanks for the latest post. Great memories. It’s been a long road. Time has flown by man. Those older days were the better ones. Stay strong. Hula Hula Cuckoo Penny
Hope this clarifies a few things for you Bruce. Below is the certification that shows how it was only certain debtor assets relating to Bert that were being abandoned. Crazy stuff. We still have a long road ahead of us. Be well. Hula Hula Cuckoo Penny
“ The property to be abandoned are all of the bankruptcy estates
right, title and interest in certain agreements by and among some or all of the Debtors and Lonza Biologics PLC regarding manufacturing and licensing (collectively, the Lonza Agreements). The
Lonza Agreements relate to the Debtors development of a product known as bertilimumab (Bert). The Lonza Agreements are subject to a confidentiality agreement
On October 21, 2019, the Bankruptcy Court entered an order approving the Debtors sale of all of its assets relating to Bert, including the Debtors contracts and licenses related to Bert. The assignment language contained in the sale agreements did not expressly identify the Lonza Agreements although it was sufficiently broad to include all such agreements related to Bert. The Trustee believes that the Lonza Agreements are related to Bert. Thus, pursuant to the sale agreements, it appears the Lonza Agreements were assigned to Alexion Pharma International Operations Unlimited Company (Alexion). Upon information and belief, the Debtors sale of all of its assets relating to Bert, including possibly their interest in the Lonza Agreements, to Alexion closed in or about November 2019.
Based on the above, it appears that the bankruptcy estates have no remaining right, title or interest in the Lonza Agreements. As a result, abandonment is appropriate because the estates have no interest in the Lonza Agreements making administration of the Lonza Agreements burdensome to the estates and of inconsequential value and benefit to the estates.”
I think news flow is going to be pretty slow now or at least up until the ESH merger. I look forward to seeing how they do it all. But yes, 6 month lock up and de-SPAC will be pretty crappy for Longs. Should be able to use my equity to get a loan of some sort. We should know our worth in June if merger completes. Hula Hula Cuckoo Penny
They have until June to do the ESH merger. Maybe Cytovia wants to remain private and keep this hub and spoke show going. Maybe it’s Naya that gets the funding. Hula,Hula Cuckoo Penny
INVO just did a promissory note with another bottom feeder. Good times. Hula Hula Cuckoo Penny
Who knows RLK. I see what you’re thinking. They could start up the SPAC merger. Get that funding and start up with Satellos in November. That would really play out well for Satellos shareholders. That’s very possible RLK. I think you’re smart. So you’re basically thinking of the most crooked way to, get things done for certain folk. I totally see that man. Wow. What a scam that would be. Well done RLK. Any ways. Either way. I’m prepared to watch the show. I still like that Bio Nano sim company as well. They could repeat this scam each year. I’m prepared to watch them have a third SPAC in store for us and then another small company merger to follow. Stay tuned. Hula Hula Cuckoo Penny
I if and wonder when Satellos comes back into the picture, Would be nice to use them for the regenerative side of things. I’ve noticed that there are only two areas of focus now and it would seem the regenerative icon has been removed. Maybe the regenerative area is next area of focus. Who knows. Hula Hula Cuckoo Penny
Merger timeline has changed in company presentation on Naya website. They expect to close merger 2024 / 2025. This all lines up with financing timeline and the latest announcement to extend deal into second part of the year. Writing is on the wall folk. Sorry to be the barrier of bad news. Court extension needs to line up. That should begin in Fall. Hula Hula Cuckoo Penny
I guessing the whole point of the latest Naya fluff piece video was simply to announce an extension in merger closing time. Maybe merger won’t be completed now until Summer. 19 days til April 30. These people should just announce the delay and be done with it. Let’s move on to ESH merger. Then another 6 month lock up. Hula Hula Cuckoo Penny
Letterpenny
Once registration was revoked, the stock's ticker was deleted. Shareholders will still be shareholders but in a private company that's being liquidated The Stock will be extremely illiquid, and in this case worthless but if someone wants to buy said shares they can privately.
Immune pharmaceuticals shares are worthless and will always be worthless.
Letterpenny your investment is worthless but you already know that you are doing what you do best
Cheers
The abandonment was for contracts related to Bert, not the drug itself. All rights to the drug were sold in the liquidation. Read the court documents and you'll know stuff like that.
There isn't a "deal" even being contemplated that would change the status of the FKA IMNPQ stock. The company that issued the stock is in Chapter 7 bankruptcy being liquidated and shut down. That's how Chapter 7 bankruptcy ends. If you'd spend some time learning that fact, you'd quit torturing yourself with these fabricated theories of unrelated deals and unrelated companies that haven't and will never come true.
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