"Finding shell stocks with mergers in the works"
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Any way to tell how much of it is mm's selling to each other?
Apparently from what I gather as well, you seem to be correct in that the application processing could have taken a while till they received an IND number. It would make sense that you don't just get a number the day you file. The FDA takes this process very very seriously.......
Check out the recent filings that were reported, let alone the one's that weren't reported since they didn't reach the 5% rule
SC 13G December 17, 2012 >= 5% Acquisition
SC 13G December 4, 2012 >= 5% Acquisition
Hard to believe that he would mislead investors with a PR that doesn't tell that there were issues with the application..
Folks beware this might be a pump and dump or company looking to dilute more stay away......
The OS is around 1 Billion that doesn't give it much room for moving up......
I think perhaps there is a strong possibility that the recent PR was actually when they received the IND number. We are dealing with the FDA here and this involves human life. It is likely that the intake for the application took a month and the 30 days for automatic approval starts from 2 days ago.....
Same exact thing happened at 0.0055 when they released the PR for the IND application lots of selling for a couple of days on substantial news that is, here the news didn't really bring anything new to the table that we didn't really already know...
Whats your take on yesterdays PR?
I'm not so sure about that,
What do you think it is, mm's shorting?
where did you get that from show some sort of relevant link or something that to substantiate what you claim...
So what do you think is happening with the IND, what sort of problem do you think arose?
I'm just trying to understand yesterdays news and what it means, the PR was pretty vague....we knew all along they submitted and presumably received a number....why are they PR'ing it now?
Curious how you see this as good news? Wouldn't neutral be more like it?
Looks like very strong consolidation, ready to move up soon...
Of course price is staying the same even though all this selling,
MM's are selling to themselves to make it look like selling and then adjusting the ask and bid accordingly.
Don't mislead people this is clearly a pump and dump
Probably the promo company flashed big bids for a second to get people to buy....looks like pump and dump....
Pump and dump beware!
I would be very wary of this stock this looks like a pump and dump
For a total of 141 million?
Anyone know if all the 100 million shares will come from BMSN alone or also ENTB since ENTB was listed in the law suit as well?
Anyone mind posting L2 screenshot? thanks!
Why 33 days doesn't FDA website say 30 days then it's automatic approval?
Great point, didn't think of that!
Everyone keeps posting that they have 4 days to to file an 8-k of acceptance or rejection. Argument being that it was material enough to PR.
I don't think they have to file a 8-k considering that they didn't file one for the news of IND application. It should be made clear a PR is not an 8-k
Conclusion:
They probably wont file an 8-k on approval or rejection news the same way they didn't file one for IND application.
Hope this puts all this conjecturing and speculation to rest.
Maybe that includes lawyer fees? Also recall that the PPS 2 months ago was at 0.0002 that may have factored in considering when the lawsuit was filed price per share was in dollars?
Could you explain that please how that works, if no one is selling to them how are they covering?
MM's selling to themselves again....
Anyone notice how the price came down from the high on buying!
Just added sticky, looks like I can only do one then update as necessary
Could you paste the whole thing? I would rather do that then sticky a link thanks
What posts do you have in mind? If you list them I will try to post.
Seems the rule is only posts made within 48 hours are allowed.
Looks like mm's are short big time from the looks of that ask stacking. Or it's an insider trying to load up cheapies...
MM's sold to themselves, no one really sold that.....
My take is he is shopping around for outside money with the approval letter in his hand.....
Perhaps this gives a hint as to what Koos is up to:
Pasted this from his LinkedIn activity feed
David Koos joined the group Venture Capital
Join Group 3 minutes ago
David Koos joined the group Global Private Equity & Venture Capital
Join Group 13 minutes ago
David Koos joined the group Venture Capital – Private Equity – Funding – Investment
Join Group 2 hours ago
Companies Koos follows:
Google
Internet
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University of California, Riverside
Higher Education
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Cortex Pharmaceuticals
Pharmaceuticals
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Salk Institute for Biological Studies
Research
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GE Capital
Financial Services
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Harvard Medical School
Higher Education
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Merck
Pharmaceuticals
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I don't think anyone at this point is selling, only ones who are selling is mm's to themselves, just watch carefully....
See how the bid doesn't budge when there are "sells" at the bid, it's mm's selling to themselves making believe, that people are "actually" selling...