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CHTP- Good News. Now they have enough cash until 2014
Chelsea Therapeutics International, Ltd. has received a written waiver from Dainippon Sumitomo Pharma Co., Ltd., or DSP, wherein DSP has released Chelsea Therapeutics, Inc. from its requirement to purchase a portion of the active pharmaceutical ingredient of droxidopa previously produced for the planned commercial launch of droxidopa, as required in the Supply Agreement executed on May 26, 2006 between Chelsea and DSP. Chelsea most recently disclosed this purchase commitment in its Quarterly Report on Form 10-Q for the quarter ended June 30, 2012 with a corresponding purchase price of $5.7 million, using exchange rates as of June 30, 2012.
As a result of this waiver from DSP, as well as Chelsea's ongoing review of its operations, Chelsea is changing guidance on its cash runway, estimating that existing resources are now extended further to cover operations into the second quarter of 2014. While details and timing for a future clinical trial for Northera are yet to be determined, this guidance assumes a new Phase III trial would commence dosing in the third quarter of 2013 with significant spending expected to begin in the second quarter of 2013.
Yeah, I don't expect it to go down too much since it has big potential. Let's see.
Yeah, it's been happening a lot. Funny thing is that LXRX had plenty of cash on hand.
Yeah, I just sold after hours for a loss. This is an example of insiders shorting their own company stock through third parties. Anyways, time to make some money back from other plays. Good luck to you brother.
LXRX- Public offering announced. No wonder shorts were hammering it after the good news it had. I'm out.
Added 10,000 more shares of LXRX
LXRX- In with 25,000 shares. I will add more if it goes down to fill the gap.
LXRX- On strong watch
I'm posting all my picks on Orions board, but also check out this board to see the plays I'm currently in. I'm up almost $50,000 in less than a month.
$Big-Board-Bounty-Hunters$
ANX should start moving late today or tomorrow.
LLEN- Bought 10,000 shares
That's true bud
Everyone in America has an opportunity to become anything they want and that is partly due to the government. I grew up in a good income family, but I have friends that grew up in a poor family. In America, you can grow up in a really poor family, go to college and the government will give you financial aid to help you pay for school (which you don't have to pay back). You get unemployment when you get laid off from work. If you are a less income family then the government will give your kids free medical until they are 18 and free lunch at school. If you go to other countries and live there, you will find out how lucky and good we have it here. The government doesn't care about you in other countries. If you are born into a poor family, you won't be able to go to school because you can't afford it and the government won't help you pay for it. When my grandpa came to America, I'm sure he took advantage of some of these resources (School aid etc) to help him become a successful man.
I don't mind paying a few thousand in taxes more if it helps other people out, but that's just me. Everyone thinks differently.
Just updated the IBOX. Been pretty busy
You have to also look at the full sto and macd for confirmation. Study some charts and you'll know what I'm talking about.
It's when the ADX(14) and PPO are pointing towards each other. In this case it happens on the weekly chart.
ANX- In with 30,000 shares. STEM- In with 20,000 shares
I'm not a democrat or a republican, but I have to agree with you.
PGNX- Another pincher to watch on the weekly
Youre right bud, but All the stocks trading below $10 have something similar going on with them. I just trade the charts. Based on the charts, GEVO has a good chance for a short term move up.
GEVO is still oversold IMO at this level. With the new patent news, I'm holding GEVO until about $2.65 as a short term target.
CHTP- Holding this one till $2
GEVO- nice pickup bud. You will be rewarded real soon.
CHTP= BANG BANG!
GEVO- News-Shorties will be caught with their shorts down tomorrow.
Gevo Gets Patent for System That Missed Goal at Minnesota Plant
By Justin Doom - Oct 9, 2012 3:05 PM CT
Gevo Inc. (GEVO), a U.S. biofuel producer backed by French oil company Total SA (FP) and specialty-chemicals maker Lanxess AG (LXS), received a patent for mechanical systems it struggled to implement at its Minnesota factory.
The U.S. Patent & Trademark Office recognized Gevo’s proprietary “platform-separation unit,” which lowers the cost of producing isobutanol, the Englewood, Colorado-based company said today in a statement.
Gevo halted isobutanol production Sept. 24 at its Luverne, Minnesota, plant, which wasn’t meeting goals, and shifted to ethanol while it adjusts the separation system, according to General Counsel Brett Lund. When the plant went into operation in May, the company said it would be making 1 million gallons (3.8 million liters) a month by the end of the year. It’s completed about 100,000 gallons of isobutanol since then.
“It wasn’t working at the optimal rate and cost structure,” Lund said in an interview yesterday. “Rather than making the changes at a big, commercial plant level, it’s much more efficient, both from a timing and cost perspective, to make those changes at a smaller, lab scale.”
Halting isobutanol production illustrates the difficulties in shifting technology from a lab setting that’s easily controlled to a commercial facility, said Pavel Molchanov, an analyst at Raymond James & Associates Inc. in Houston.
“Scaling up fermentation is always hard,” he said in an interview. “It’s a trial and error process. It’s not linear. It’s not straightforward.” Molchanov rates the shares the equivalent of a buy with a 12-month price target of $5.
Concentrated Vapors
Gevo processes corn into isobutanol that may be blended with gasoline or refined into jet fuel and specialty chemicals.
The company’s so-called GIFT system, or Gevo integrated fermentation technology, lets it extract isobutanol in vapor form during production, which is 16 times more concentrated than competing systems that distill it from a liquid, Lund said.
“This is the only commercially viable way to separate isobutanol as it’s produced,” he said. “The difference is in the cost. When you’re trying to make a fuel or a chemical that sells for maybe $5 a gallon, you can’t afford a costly distillation process.” Lund expects the Luverne plant to resume isobutanol production next year.
Gevo has lost 39 percent of its market value since the Luverne plant shifted to ethanol. It fell 5.2 percent to $2.01 at the close today in New York.
The reaction of the market “was really exaggerated,” Molchanov said.
Are you holding onto your GEVO shares tight? Might breakout tomorrow.
Let's make some big money tomorrow! Looking for that overall 15% gain.
CHTP- Could run big this week. Keep it on watch.
Nick work bud
CHTP- Holding and waiting for a breakout
DCTH- Up about $14,500. Still holding. Let's see what it does tomorrow.
GEVO and CPRX- Bang Bang! Let's go!
OTT- Nice one brother.
Bought 40,000 shares of CPRX
That's true bro. If I can remember correctly, tax selling usually happens in around mid November, correct?