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Doog- That question will be answered by the HAP studies. Does it dose dump or not? Nobody knows yet.
wimike- Have you not been listening to me for the last week? I told you they just propping this up to short sell before they blindside us with the offering.
swe77- Have not heard much about Ranexa have we? Can you say CRL...
TREND- You are dreaming. that idiot won't leave until he is kicked to the curb.
Tilator- Take a look at what happened at PTIE Remoxy Adcom when they went in with good results and no partner and then get back to me.
Tilator- If HAP studies are exceptional, there will be an upfront payment on partnering Rexista. How much I do not know. But if they are not exceptional, there will be no partner.
Samsa- Completion of HAP studies I think are Oct-Nov timeframe. $500K will not keep the doors open. I think they will raise money within the next week. Not sure how much but between $3-15M.
What will make or break IPCI is Rexista HAP studies. If they are very good, a strong partner will follow along with reasonable chance for approval. If not spectacular, no partner and no chance of approval. It all comes down to Rexista. ANDAs at this point are pretty much a failed business plan. Regabatin is nothing without a partner. All the IP IPCI claims to have is nothing without a way to monetize it. The only thing that can save the company is Rexista and a strong partner handling the FDA side.
Fabius and Tilator- Odidi Holdings recently filed an updated 13D last week:
NUMBER OF
SHARES
7. SOLE VOTING POWER
578,131*
BENEFICIALLY
OWNED BY
8. SHARED VOTING POWER
0
EACH
REPORTING
9. SOLE DISPOSITIVE POWER
578,131*
PERSON WITH 10. SHARED DISPOSITIVE POWER
0
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
578,131*
12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE
INSTRUCTIONS) [ ]
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13.28%
14. TYPE OF REPORTING PERSON*
CO
*
Doog- The best possible news coming is Rexista positive HAP studies. If those are good, a solid partner should follow. But if no partner, no approval.
wimike- All will be revealed soon. My guess is someone propping this up as a favor to IPCI or to short sell or both...
Don't think about this too much. I believe the answer is right in front of you and very consistent with what has happened in past.
I will never buy another IPCI share. Odidi is an arrogant, incompetent and has no business running this company.
If there were going to be some significant news, volume would be much higher. Odidi has always had a big mouth and any real news has always been preceded by substantial volume... Even the FDA approvals were front run before the announcement. If you don't believe me, check the historical charts.
My guess is Odidi will blow the NASDAQ hearing in the following way... I am sure he was advised to raise $15M but he won't listen and do the following:
1. Raise $5M and tell NASDAQ that is $2.5M in equity and enough money until year end
2. He will say it is sustainable due to increasing sales in international markets. Which is totally BS. Also he will say that he has the additional $10M in shares he can sell to fund company.
If he does this, I am guessing NASDAQ may just kick him to the curb. It could go either way, but the sure bet would be to dilute $15M. And why won't he dilute $15M? Nobody will buy this POS because of his terrible track record.
Lastly, I think this price action is from Wainwright... Help the customer out... But once the deal is closed, they will beat this thing down as far as they can...
Fabius- Whay are they waiting? Because they are freakin idiots and probably have no one to buy offering... All I know is if anyone could screw up this NASDAQ compliance it is Odidi. Everything I have seen from him wreaks of incompetence and arrogance. He has failed, fumbled and blown everything in the past 5 years. Why would this be any different. I am sure he was ADVISED WHAT HE NEEDED TO DO EXACTLY... But he never listens to anyone!
Swe77- I would like to see that too. But after watching Odidi never make any progress... Never rise up and face challenges(Seroquel, Focalin, etc.)... I have just lost all faith in the man doing anything relevant. Him and his employees just play in the lab. He files worthless patents and says see how smart I am. He just fumbles and stumbles and screws things up constantly. And they never make any progress. So as much as I'd like to see something big. I have tempered my expectations and would just like to get out of this mess!
Freedfish- Sorry... Not in a million years. This action is pure manipulation and it is one hand washing the other. My guess is it is 7.5M shares at $2.
Doog- I want you to know I have sent Odidi numerous emails asking him to let shareholders know what is going on with all those product candidates. But that man cannot see the forest through the trees. You just can't fix stupid. I really don't think Odidi is worried about losing the company. Why? Because no one wants it.
Doog- Odidi has run this company into the ground by lack of progress. The amount of progress the last 5 years is sad. What is IPCI's problem? Are they just lazy/stupid? We can blame the shorts but if Odidi had delivered the price would reflect it. Odidi and staff is 100% responsible for this train wreck!
BTJ- I agree that Odidi has facilitated the shorts. In my opinion, they are Wainwright, Anson, Sabby, etc... People connected with the offerings. There is also a group of people that follow these peoples leads. Face it, Wainwright, etc. need to make money. If Odidi can't give them anything to move it up, they will beat it down to make money on the downside. Yeah I am sure they will be happy to move this up if he has some good news. But they will be there at the top calling in the sheep and short selling as many shares as they can.
Don't get burned everyone. I think we knew when a certain individual showed up it was a worthless pump that he could sell into...
Angelo- I own way more IPCI than I want to. Odidi has screwed every one of us royally. Now go crawl back under your rock... And live in your fantasy land that news is coming...
Sevag- You are so full of SH!T. Every time you and your cronies pump, we all know you are short selling. You guys artificially inflated the price today on low volume in an effort to short sell. You and every other Tom, Dick and Harry that talk to the friends of Wainwright know the only thing happening next week is an offering. Now just get lost you lying piece of crap and go pump Bombardier or another POS stock you love to pump and dump.
Doog- Anyone that has been here for a while knows that is the truth. Maybe they want to believe that news is coming. Unfortunately I think the RS and huge dilution has been the plan for a long time. I don't even think IPCI attempted to do anything different. At one time I had hoped that someone would boot Odidi out and take over the company. I now feel this is unlikely to happen. Why? Because no one in their right mind would want to take control of the IPCI nightmare. It is just a huge mess and selling $15M worth of shares at historic lows is not something a company with options does. They are not even trying anymore. Just milking this for every last cent they can. Now everyone think about this... Odidi just loaned the company $0.5M at 10%. Why didn't he just buy those shares outright? Well everyone here knows the answer to that.
Hasn't been a share traded for hours. Calling all sheep for the slaughter... That is what they are doing. Buy now as I short sell to you and you can sell them back to me after next weeks offering for $1.80.
Fabius- A better question is what was IPCI doing when they made all those warrants shares about a month ago? They paid $100K to do that but there seems no reason. The company will never ever reach those strike prices with a $15M offering,so why did they bother to do that?
Regarding the inside info. In my opinion all the info is coming through Wainwright when they shop the offering around to their scumbag customers like Sabby, Anson, etc. Proactive Capital maybe a source as well... Impact has a friend of a friend that is connected to one of these guys. Likely Anson as both Impact and Anson are in Toronto.
4% on 30K, by end of day this thing we be at $2.00
Trend- There is NOTHING MORE THAN A RS AND DILUTION... That is it. Look how low the volume is. If it were real, there would be big buying. Just a little manipulation before the price craters to $2 to facilitate sale of 8M shares.
Don't buy the fake price rise and get sucked in. They are short selling and trying to prop up price. In my opinion IPCI is trying to get $2 per share for 8M shares. This rise is pure manipulation and short selling.
wimike- Forget it. They got nothing. someone is just propping this up until the deal is done. Probably Wainwright and associates. They are propping price up and every share they actually sell will be short. I agree with Fabius. They need the full $15M for compliance. Once they sell that, because of cash on hand, market cap goes to $25M. So it will be a 60-70% dilution. My guess is they are trying to sell 8M shares for $2 each. What a nice way to wipe out loyal longs!
Notice Odidi did not but shares... He just loaned money with an option to buy at 10% interest. Shows how much of his money he will put at risk... Pretty much none!
And lets look at all the progress they have made in 2018... They have done NOTHING!
And thank you Andrew Patient for restoring shareholder value. The only thing you have done in your tenure is FOUR OFFERINGS.
Fabius - I see what you say. He is going to raise $15m... But how does he do that and keep the price over $1? Like I said the incompetence is staggering... And notice how he does not buy a single share with his money. He loans it out so he can get 10%. So sad. My guess now is he raises $15m and gets delisted anyway.
They registered to sell $15M worth of shares. The current market cap is $12M. Good luck with selling $15M worth as that would be the whole company and then some. Maybe for $15M you get all of IPCI and Odidi will throw in Smart Pharma too? I guess the two reasons for the offering:
1. To get $2.5M for shareholder equity.
2. To get Odidiot his next quarters slush fund of $2.5M.
So I revise my estimate, he is going to sell 2.5M shares(40% dilution) at slightly above $2, to get his $5M.
Lastly, the other thing is NASDAQ wants to see is sustainability for the next year. What is Odidi going to tell them? I have $10M more worth of shares to sell? Is that his plan for sustainability for the next year? Now I am going out on a limb here and I think if he doesn't have some other way to show some revenue coming in, NASDAQ will delist based on that they see no way they can meet the requirements for the next year.
Unreal. Odidi is so incompetant, a third grader could have handled this delisting fiasco better. I mean, his level of incompetance is staggering. This has to be a bad joke. His plan to gain compliance was nothing more than a R/S and dilution. WOW!!!!
This offering will happen in the next couple days. Wainwright is agent. See excerpt from filing below:
Nasdaq Notices and Nasdaq Hearings Panel Grant of Request for Continued Listin
g
While we are currently not in compliance with the requirements for the continued listing of our Common Shares on Nasdaq, as
described below, we have until September 28, 2018 to satisfy those requirements. This offering and the reverse split are important parts of
our plan to regain compliance with Nasdaq’s requirements for the continued listing of our Common Shares
As you can see the offering is going to generate the $2.5M in shareholder equity. My guess is he dilutes the company about 35% to get roughly $4-5M. So sad that management is so bad that they cannot generate revenue or come up with a partnership deal. Selling 35% of the company for $4-5M is unacceptable. Once he does this we will trade at $2. Pretty ridiculous this is the best these morons can do. So what exactly are they working on? They have announced nothing but the HAP studies and those are out of house...
Trend- What I am looking for is Odidi to sell off all the ANDAs on the cheap to some Chinese company. Would be about what I expect from him at this point. IPCI shareholders paid for them to get this far. He pretty much has convinced us all that the ANDAs are worthless. So he will sell every one of them to this Chinese company for $10M or less. IPCI shareholders paid many tens of millions to get these as far as they are. But he plans to not share the profits with them. He will sell them off to him and his buddies and they will have some Chinese sweatshop manufacture them. No work for them and they will collect the profits for years.
A Tale of Two People who Sold Paper
#1- I once knew a guy that was a young scientist. A chemist in fact. He was also a budding entrepreneur too. He started a small business in the late 80's selling paper. He traveled the country following the Grateful Dead selling this paper. Everything he sold was guaranteed and all his customers were extremely happy. He became a millionaire doing this. You would see him today and you would never guess this guy did this at one time.
#2- Is a scientist too. Him and his wife are allegedly pharmaceutical experts. They became multi-millionaires selling paper too. However, the paper they sell and continue to sell is worthless. The paper is based on their promise of advancing a drug pipeline, getting FDA approvals and generating revenue. They promise this over and over again and never deliver. They are aided in this con by bottom of the barrel finance houses that aid then in offloading this worthless paper. They have a large sideshow that plays with them in the lab. The cost of this entourage is getting unsustainable as the yearly burn rate now exceeds the market value of the company. They are gearing up to sell some more worthless paper. Everyone that ever buys this paper regrets it...
At least #1 never let his customers down. They always got what they paid for. #2 continues the charade with more and more promises... But the charade is just about up.
Impact- They will do the offering to get at least $2.5M in shareholder equity.
My guess is they raise $4-5M by 30-35% dilution of company and shareprice goes down to around $2.
New sec filing. Looks like odidi ready to sell some more paper. Heaven forbid partnering or marketing products... Just dilute some more...
Fabius- I really question now if Odidi has market vision. He copied Biovail's business model... He also makes generics- which is a me too market. I now strongly question if he can assess the potential markets properly and develop products to hit areas of need and opportunity. I agree with the statement he is always a day late and a dollar short. Always late to the party.
Is the parking lot half full or half empty?
Stocking - lots of approvals but none for ipci... Seems about right. With 50 plus employees and executive staff you think ipci could figure out how to get all those andas approved... But after many years they still have not found a way to satisfy the fda... Pretty sad
blue- Good question on funds. Rexista is at least a year away from launch so how does Odidi come up with $12-13M to support costs? Current revenue per quarter is only $0.5-1M. So he really needs to find another $10M to sustain company for another year. The market cap is now lower than the annual burn rate so any type of dilution hurts shareholders and puts Odidi in a position where he loses control of the company. Unless of course he buys the shares.