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3Q BPAX Earnings should be out any time now.
I have not see any announcement about CC.
2Q was out 8/1
1Q was out 5/8
For what is worth, These guys are really creative, reported 5 FIVE shares increase Now , they are cooking.
CREATIVE PLANNING 09/30/2012 1,699 5 .30 2
Bean, THERE IS NO CURRANT/ UPDATED INSTITUTIONAL REPORT OUT, YET!!!
It's gonna come out daily with new updates until Nov. 15
Hold your horses.
It looks like shorts are pucking this MPOS.
Is Everybody waiting for news?
When it happens, how much lower are we gonna go down this time.
Bushing heck no!!!!!!
Every time they open their mouth ? Remember what happens?
Maybe not this time?
Guys, were Mondays posts some kind of blurr, joke.............. scary stuff.
Bean, although you are correct, why even bring it up.
The Inst. ownership barely started. The Institutions have 45 days to report. Most of the time sold out positions are reported earlier, Serious buyers wait close to the deadline date to report.
King, I feel very sorry for you. Your area got hit very strongly.
Entire Jersey shore looks like war zone. I hope you and your Family are OK. In Warren County there are some patches that got wind damaged.We still don't have power. Maybe by next Sunday, we gonna get it back. Wish you recover soon. Good luck.
Win
Jeff, How is everything with you after this mess?
I have the gut feeling we are getting very close to something positive to happen. I'm not sure from what angle, but the way this stock is trading recently..............well it would be around the time.
R3D, I kind of think the way u do......but remember DNDN , HGSI, ARNA just as a examples. I'm sure Big Boys watched them closely maybe accumulating a little bit. They stepped in strongly when companies proved themselves, showed real outcome. If BPAX PPS does not dive below $1 it would be pretty strong indicator there is good chance Jeff is right. At this point Ive been very skeptical like a lot of People here, but..............
No power since 6 PM. Generator getting its hours of fame.
Looking on the bright side BPAX is still holding to 5.6% gains for the second day.
Allentown PA, no power.
It looks Sandy will visit my Del. Water Gap neighborhood?.
Generator is ready, so is JW
Good luck everybody, stay safe
Win
Macerimmer, you have good points. BPAX for long time became playing ground for shorts, day traders, swingers . Every singe time it's been played probably by the same people. Company lost credibility, it's a undeniable fact. Does not seem to attract any serious, institutional investors (10% is a joke) Chasing holy grail (libi) doesn't jive with new investors anymore. Why would ?, every time new buyers stepped in........ they were crashed and taken to the cleaners.
Following your remarks, maybe you right. New name, new company, new management and first of all more stabilized, more solid financial situation with products sold and manufacturing activities, capabilities bringing revenues. I know this was discussed here and I don't necessarily discover America so far.
However,there are 3.5M short shares. If the merger will go trough in 2-3 months there wont be BPAX anymore, so shorts have window of opportunity to cover which may get closed even before merger final date. We may see some crazy stuff still to happen with PPS.
My theory about "poison pill" could be just this, a theory.
This could be an explanation for present drop...... Wall Street manipulation.
Maybe this way out for BPEX is gonna work out for us??. I can only imagine if management would put out a strong PR soon, They could create really explosive short squeeze. Well, I'm not holding my breath for this although they own us something.
It would be really nice to take out that $1.35!!!!
Bean, Prof. It's OK. at least we learn who we are. I sympathies with
some People on this MB. Especially those who put a lot of time in educating a lot of us. I understand their frustration. Professor take it easy.
BPAX chart is as ugly as it gets. Maybe if you would open 2 month daily chart you will see. Nice "paint job"
If we get back up there later in a day that's great. If not....aint gonna be pretty.
I hate these fake spikes, Traders just fooling with the PPS. Well with the the low float aint that hard to do it
I rather see tight steady moves with holding to gains. We may be working on the double bottom here. Shorts holding pretty sizable position(3.5M), at some point they will cover.
Prof. I understand what you're saying, valid point. The problem I have is majority of ownership in new company for ANI people. Nothing will stop them from scraping, selling, shelving Libigel project, unless I'm missing something.
I posted this yesterday and I stick with every ward, at least I'm trying to put some of my opinion, maybe I'm wrong. I will be glad to admit it. I have 80k shares of BPAX maybe it gives me some rights to speak out. So far I will plan vote against this deal with every single share.
"OK, "great deal" supporters do you still like it,
do you plan to vote for this?
Is The Market stupid? We have to vote it down, or........
Now we know, couple of ANI guys are going to be handed majority of Biosante, Market seems to predict what's gonna happen. Selling off BPAX assets, portfolio, using cash to their purposes?
Our miserable CEO stated its for the best of BPAX shareholders. Really?
All the great DD, but nobody can explain this unexplainable deal.
I DO NOT UNDERSTAND HOW IT SUPPOSE TO WORK FOR US.
WHY REVERSE SPLIT??????
Prof. calculate that BPAX needs "only"18M to get into deal.
BTW. what kind of company we are merging with if their share of 18M is questionable if they can raise the whole amount. What is this crap?
There would be Balance left of some 18M. Slice suggested could be used for another Libi study. So lets assume that's what would happen. Then, we gonna pay for study, if successful they will give us penny worth CVRs (Pet can effort new CRV) and the whole Libi sale premium would be shared with ANI crowed?
Lets face it ANI is hungry for our cash, The first thing that is gonna hit us if merger goes trough, massive dilution. New shares will be issued for simple reason to satisfy NASDAQ requirements to stay listed. What is this gonna do to value of our shares, somebody? anybody?"
OK, I can see your points, but if this merger is the only, good way out for BPAX how come PPS is down 30% since the announcement?
I posted earlier that I do not understand this deal, it simply doesn't make sense. Just wondering what's your take on the deal?
I know CEO said to look for more details in next SEC filing.
Maybe we simply need to wait for it.
Unfortunately management credibility has worn down long time ago.
Rus, although I'm pissed of with BPAX management, you gonna see new Ice age before 50 cents PPS. This baby will show off big time.
If you don't take shot at these prices? You wasting your time here.
The way it works, some people gamble with low, low PPS stocks, some people buy GE, MSFT, BAC or other crap and sleep peacefully?
Just curious is there any BPAX PPS it would make you get in?
..........Yeaph I didn't think so.
Guys, when we start to push double digits, you will be sorry.
Instead of being sarcastic.. maybe, just maybe? you should be buying.
Buy low sell high....remember?
Yesterday around this time somebody dumped 500k of shares lets see how much more they have?
BTW there was a strong buyer, PPS went down 3 cents.
Izler, it's so simple. Don't forget that Saviant went down to 48 cents facing death in BK, last Q ER showed finally some improvement.
I was one of the lucky ones to jump in. I posted here heads up at the time it was at .70.
That company is basically one trick pony, with rather limited market of patients while BPAX has tremendous portfolio.
I was following them for simple reason that I have gout.
Another difference between these two Co. They kicked out inept CEO, putting in charge person with strong marketing orientation.
I'm repeating myself like broken record our CEO and BOD is worthless, damaging to otherwise promising Company.
I tall you these sob's should not give the company away, instead bring new management that would know what to do.
Every fruit of longtime research was practically given away for some peanuts royalty's we haven't seen in coming yet, Libi study proved really armature capabilities of BPAX, Now Company still has a lot of cash and they want to give it away also?????
Company needs a bald CEO to take libi all the way, to tell you the truth I wouldn't mind secondary stock issue to raise more money but stick to the plan.
I dont want to be an asshole but ........what they gonna do with that $850k packaging machine? sell it on Ebay or Craiglist?
Maybe Pete could find some use for it at his farm.
Maybe I'm still giving to much credit to management by expecting that merger wont happen, we'll see very soon.
Short Interest has not change a bit
Settlement Date Short Interest Avg Daily Share Volume Days To Cover
10/15/2012 3,513,167 804,589 4.366412
9/28/2012 3,582,643 2,192,033 1.634393
9/14/2012 3,380,147 969,411 3.486805
Read more: http://www.nasdaq.com/symbol/bpax/short-interest#ixzz2AGaJ95wr
OK, "great deal" supporters do you still like it,
do you plan to vote for this?
Is The Market stupid? We have to vote it down, or........
Now we know, couple of ANI guys are going to be handed majority of Biosante, Market seems to predict what's gonna happen. Selling off BPAX assets, portfolio, using cash to their purposes?
Our miserable CEO stated its for the best of BPAX shareholders. Really?
All the great DD, but nobody can explain this unexplainable deal.
I DO NOT UNDERSTAND HOW IT SUPPOSE TO WORK FOR US.
WHY REVERSE SPLIT??????
Prof. calculate that BPAX needs "only"18M to get into deal.
BTW. what kind of company we are merging with if their share of 18M is questionable if they can raise the whole amount. What is this crap?
There would be Balance left of some 18M. Slice suggested could be used for another Libi study. So lets assume that's what would happen. Then, we gonna pay for study, if successful they will give us penny worth CVRs (Pet can effort new CRV) and the whole Libi sale premium would be shared with ANI crowed?
Lets face it ANI is hungry for our cash, The first thing that is gonna hit us if merger goes trough, massive dilution. New shares will be issued for simple reason to satisfy NASDAQ requirements to stay listed. What is this gonna do to value of our shares, somebody? anybody?
Al. We'll see what's new ER going to show.
There is real chance that licensee will pay. ???
BTW, when do they report 3rd Q earnings?
Slice, In December we gonna be over $2
If the intention was to make people hit the doors, didn't work. We may close in green
Probably Tang , it didn't move PPS all that much.
I bet if BPAX would announce that this great deal is void. PPS would come back to $2
Pete, you can eventually buy a brand new VCR
JTFM, I know that my rambling doesn't help or bring positive DD we all looking for. I really hope your input will turn out to be right on the money. I solute you for all your time and effort into investigative work shared with the MB.
I don't mean to kick the dead horse, but the confusion is boiling over. You seem to be convinced and comfortable with the notion the merger is positive for us, BPAX investors.
You see, nobody here was able to make the convincing case for it.
Is this just misunderstanding, lack of knowledge, are we to dumb to see this big and bright picture?
In addition PPS / Market doesn't like this deal also. Day after day in red. It can't be just MM manipulation. Shorts?
If you read trough Spanky's post, he basically spells out most of the management missteps that brought us here against this wall.
Sure, we all tried to spin them to create positive picture.
$1.30 is the outcome as of today, 5 cents above all time low.
Management has still nothing to worry about, golden parachutes are almost ready.
OK, let's have some fun, come on Mr. DD give it 5 minutes.
I said that before and say it again, some people should retire including seniors from Biosante .
http://news.yahoo.com/blogs/ticket/obama-bin-laden-schieffer-debate-gaffe-video-125935382--election.html
Hi, SK Thanks. I'm sure you noticed that I appreciate your opinions.
A lot of good people around here trying their best to find the truth about what they got into. Most probably giving to much credit to Biosante management. Myself I should've been out of here right after R/S. The way it was implemented(Next day after Investors meeting) took me really by surprise and raised first big red flag.
Unfortunately now, it is what it is, mostly CRAP.
Is there any chance Simes is executing some brilliant strategy???
I give it 10% or another 2 months. If ANI is the end of BPAX we wont have much to celebrate.
I still don't get why another R/S as part of merger?
Just curious, if you have any take on this.
Jeff, If this merger will materialize, it looks more like hostile take over, for BPAX shareholders it's a losing deal. In that case management will turn out to be even bigger crooks then they've ever been.
I don't think those ANI boys care if Libi is safety proven or not. 36M for new studies is not gonna come from their pockets.
"Over the last two years ANI has launched three new products and has 11 products in development"
That's where they need Biosante money
“We believe that the strategic combination of our two companies will allow ANI to accelerate our growth strategy and create value for our stockholders with a well-capitalized balance sheet,” stated Arthur S. Przybyl, president and chief executive officer of ANI. “Additionally, we believe that potential future license and other royalty fees due to BioSante for its FDA-approved male testosterone gel, licensed to Teva, and other products could generate significant future cash flow for ANI going forward.”
Nothing about libi
BPAX management is using CVR's as a bait for shareholders to get our votes for approval.
All this doesn't make any sense. It appears like some kind of desperation.......or strategy? It will end up in court.
One think that does not fit into this whole scenario and bothers me the most. Company has concluded the safety study ahead of schedule, now they are saying they are waiting for results. If they don't now what the results are what made them stop.
I remember that Professor posted some finding from BPAX filing,
can't find this.
Gentleman, after initial drop, which came from people's natural reaction to mostly R/S WORDING IN THE NEWS, now the PPS is treading water on very low volume. It smells like accumulation, it feels like accumulation, it is accumulation. If the situation would be bad, PPS would be already pushing 50 cents. And most likely law suits would be filed.
This whole ANI merger story is a fake.
Kind of "poison pill" to prevent a real hostile take over
by big pharma. That's all.
BPAX is simply buying more time.
Next step after reviving safety study,
they gonna submit NDA for Libigel.
Maybe some of us, are pointing in right direction???
The story of Fanapt "dead" after the FDA rejected the drug in July 2008. The "not approvable" letter issued by the FDA at that time raised
concerns about the efficacy of Fanapt and asked Vanda to conduct a new clinical trial and collect additional safety data.
Vanda didn't run a new clinical trial for Fanapt, choosing instead to resubmit the drug to the FDA
with additional data from its existing clinical trials.
http://www.thestreet.com/story/10497618/1/surprising-approval-for-vandas-fanapt.html
I know this is big stretch of hope but.......until the management opens their mouth again with reality check......it sounds very good.
Interesting thing happening with options. PPS went down 10% while Ask for options has not move down whatsoever. Trading actually sized completely????
What does it mean?
Are we about swing higher?......or lower.
It looks like GOOG is burning down the house.
Between an Apple and Google and off course Biosante, they will take the Market down big time
I hate to say this but The BPAX chart is really ugly.
Last few months seem to build reversed "Head and shoulders pattern" looks very bearish.