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If you go look at the Thornburg Mortgage case against multiple "BIG BANKS" you will see those banks were planning the economy dump early in 2007! JPM is one of those banks being sued in that case. The bankers and hedge funds have ran the country into the ground and it's time to take back what's ours!
May 5, 2011
Biodel Reports Second Quarter Fiscal Year 2011 Financial Results
DANBURY, Conn., May 5, 2011 /PRNewswire/ -- Biodel Inc. (Nasdaq: BIOD) today reported financial results for the quarter ended March 31, 2011.
Second Quarter Fiscal Year 2011 Financial Results
Biodel reported a net loss for the three months ended March 31, 2011 of $5.4 million, or $0.21 per share, compared to a net loss of $10.4 million, or $0.44 per share, for the same period in the prior year.
Research and development expenses were $2.9 million for the three months ended March 31, 2011, compared to $7.0 million for the same period in the prior year. The decrease of $4.1 million in expenses was primarily attributed to non-recurring events that occurred in the previous fiscal year including the conclusion of the Linjeta™ Phase 3 extension trials in February 2010 at a cost of $2.1 million; recombinant human insulin purchased at a cost of $1 million; professional fees of $0.7 million related to the 120 day safety report filing of Linjeta™ and follow-on questions from the FDA, and pen development costs of $0.4 million.
General and administrative expenses totaled $2.3 million for the three months ended March 31, 2011, compared to $3.4 million for the same period in the prior year. The decrease in general and administrative expenses was attributable to a decrease in personnel costs of $0.7 million as a result of lower headcount from 2010, and savings of $0.4 million in professional fees due to cost cutting measures.
Expenses for the three months ended March 31, 2011 and 2010 included $2.6 million in stock-based compensation expense related to options granted to employees and non-employee directors.
Biodel did not recognize any revenue during the three months ended March 31, 2011 or 2010.
At March 31, 2011, Biodel had cash and cash equivalents of $17.6 million and 26.5 million shares outstanding.
Business Review
•Biodel has selected two new recombinant human insulin-based formulation candidates, BIOD-105 and BIOD-107, for clinical development as ultra-rapid-acting mealtime insulins for the treatment of diabetes. Following recent discussions with the U.S. Food and Drug Administration, Biodel now plans to accelerate the timelines for clinical testing of these new formulations.
•Biodel has initiated a Phase 1 trial of BIOD-105 and BIOD-107 in a double-blind, three-period cross-over study in patients with Type 1 diabetes. This trial will evaluate the pharmacokinetic, pharmacodynamic and injection site tolerability profiles of the two experimental insulins relative to Humalog® when delivered by subcutaneous injection.
•In parallel with the Phase 1 clinical trial of BIOD-105 and BIOD-107 described above, investigators at Oregon Health and Sciences University will soon initiate a similar comparative study evaluating the use of these formulations and Humalog® when delivered by insulin pumps. The results of the two Phase 1 trials will be used to select the best formulation for Phase 2 clinical testing, planned to initiate later this year and Phase 3 clinical testing planned to initiate in 2012.
•Biodel recently named Dr. Brian Pereira as chairman of the company's board of directors. Dr. Pereira has been a board member since November 2007 and, as an experienced biotechnology executive, brings invaluable expertise to the company. Former chairman Dr. Charles Sanders will remain a member of Biodel's board.
rickochey- response to you from other board
what is the overall sentiment of the financials? Positive? Negative?
Sorry, I haven't done any DD. i know I should't put you on the hot seat.
Most covering state to hold, although one analyst is saying buy. Myself, I don't think they're losing as much money and have enough cash to hold off a while and hopefully can come up with a partnership which removes most of the cost. Viaject seems to definately be beneficial to those with diabetes as listed below per the company.
•Safer therapy than currently marketed meal-time insulin treatments
•Closely mimics natural spike of first-phase insulin release in non-diabetics, possibly reducing the risk of hyperglycemia
•Lower dose of insulin required to adequately cover a meal compared to Humulin® and Humalog®, the market-leading insulin products
•Reduces the amount of insulin that remains in the bloodstream several hours after a meal, reducing the risk of hypoglycemia
•May prevent weight gain - big plus!!!
Biodel to Report Second Quarter Fiscal Year 2011 Financial Results on May 5, 2011
4:00 pm ET 05/03/2011 - PR Newswire
DANBURY, Conn., May 3, 2011 /PRNewswire/ -- Biodel Inc. (Nasdaq: BIOD) will issue its second quarter fiscal year 2011 financial results on May 5, 2011. Following the release of the company's financial results, Biodel's senior management will host a conference call to discuss the results and provide an update on the company's progress.
May 5, 2011 schedule:
4:00 pm EDT:
Q2 fiscal year 2011 results will be distributed
4:15 pm EDT:
Conference call participants should dial:
+1 ( 877 ) 303 - 8028 (United States) or
+1 ( 760 ) 536 - 5167 (International)
4:30 pm EDT:
Conference call begins
Interested parties may access a live audio webcast of the conference call in the investor section of Biodel's website at www.biodel.com. The audio webcast will be archived and available for replay through the website.
About Biodel Inc.
Biodel Inc. is a specialty biopharmaceutical company focused on the development and commercialization of innovative treatments for diabetes that may be safer, more effective and more convenient for patients. We develop our product candidates by applying our proprietary formulation technologies to existing drugs in order to improve their therapeutic profiles. For further information regarding Biodel, please visit the company's website at www.biodel.com.
BIOD-G
Contact: Seth D. Lewis, +1-646-378-2952
I never said anything about Maury, any drug problems associated with Maury, nor anything else. I did say earlier Maury may just be an innocent bystander that gave Tom a way to make some quick cash at the expense of shareholders.
The way I see it, it could be one of the following options
1). Tom & Maury conspired to find a way to sell shares, both splitting the profits off the CD's Tom attached and the new cd's that get pulled in afterwards.
2). Tom approached Maury and said "you know, taking this pizza thing public may not be a bad idea, it will give you a way to expand and all... I just happen to have a shell company in which you'd be able to grow and it won't cost you anything at all". Of course he wasn't telling Maury how Maury is going to shaft the shareholders for Tom to make the green.
And as far as the "Don't believe any current dilution".. I'd buy that one after looking at historical trades. Of course if the pps was up around .0003, you don't think you'd see dilution then?
And you cannot tell me that on 4/25 wasn't MEGA DILUTION and with days like that, how do you expect anyone to want to buy shares the next day? Thats about 10% of what is supposed to be the OS and the pps dropped... And prior to that doesn't show up on EMPZ historical, but there were many hundred million share days with pps DROPPING. If the guy could control the dilution, allowing just a little bit here/there during high volume days he'd be fine. I feel Maury has 0 control here, CEO or not!
I guess what I'm saying is no one wants to take an immediate 50% haircut buying shares at .0002 and NO ONE believes the dilution is over or they'd be buying
Most of the reason is the company diluting while stating they're cancelling shares, AND, the fact that everyone has became aware those "dividend shares" won't even be worth having by the time peeps can sell!
The CEO has nothing to say, he's got a single pizza joint renting space out of the bakery of the previous CEO who many people believe is a giant scam artist, has that previous CEO as an advisor, and is already starting the shell with $250k cd debt (at the very minimum) and a .0001 pps with around 2 billion outstanding shares. Do you really want him to PR that they sold 12 pizzas and 2 orders of breadsticks last night so they're using the $.86 profit they made to buy EMPZ shares back with and within 7 years they expect to be down to around 1.5 billion OS?
"DO NOT SEE SIGNIFICANT SHARE ISSUANCES" & "NO PLANS" does not mean anything.
Now had he state "there will be under xx dilution, but it will not go over x amount" and "We will not be reverse splitting the stock in 2011" it might mean something. Those are comments that are guarantees. What he actually said is "UNLESS SOMETHING UNFORESEEN HAPPENS (such as drop in pps) or ... then we will have to do something to make our stock marketable as no institutions will want to buy something for .0001/share"
Tom Scozzafava himself "Expected significant dilution to subside" while signing 9 convertible debentures. Of course it went from SIGNIFICANT DILUTION to EXTREME DILUTION. You can't trust anything these penny stock CEO's expect, forsee, do not plan on, plan on, believe...
I don't really think they're being sued for shorting silver. I do think they're being sued for MARKET MANIPULATION.
When you have over 50% of the total available market short in ANYTHING can cause prices to fall!
I'd bet someone could short an amount equal to 50% of JPM total stock and drop it down to under $25/share... NO ONE is going to buy to keep seeing the price drop and the others sell. Sooner or later someone gotta settle up, unless you're JPM of course
That sir is the funniest thing I've heard all day! Yes, this is a PIZZA MAKING GIANT and since they've already used the 3 billion common shares available to acquire a couple more hole in the wall pizza joints, it's gotta be making money, huh?
1.9 billion OS from 1.3 billion (600k shares) could not have raised the total cash for Tom so unless you've seen more dilution here (of which you say OS is still the same) then there is still dilution needed as Maury isn't going to hand Tom a $10k check operating a pizza biz out of Tom's bakery.
Things like this just go to show you the biggest banks started the "liquidity crisis" with all of this back in early 2007... Knowing full well the catastrophe they were going to cause on both the economy and middle class!
Of course we can also thank our Democratically controlled govt at the time for the credit card reforms and give the banks almost a year to jack interest rates up on everyone before it took affect
I wouldn't be a bit surprised to see Maury just "give up" and decide to give the shell back to TS rather than finish paying everything off. He will have the excuse that "I didn't realize there would be so much debt to pay off before allowing our pizza joint to grow". TS will take it back and that the $135k paid for the shell free and clear in his pocket. Then reversed by TS and diluted some more before another sucker comes in for the RM
Getting ready to pop? Wow, maybe they can sell popcorn and become like "ORVILLE REDDENBACHER"? Tommy does have some friends with a Nice North Country farm!
Had Tom not been involved here, I'd have no reason to doubt that Maury wouldn't try. But with Tom pulling Maury's shirt strings that just stinks like $#!^... No one can say Tom isn't involved. After all, after the $135k Tommy got out of the shell (already dumped his shares into the run "they" created), but, now there is another $250k cd attached payable to whom? Is it to Tom's wife? Is it to Tom's dad? Sister? At least they have theirs! Too much "non-info" to make any kind of informed decision.
Oh, by the way... How's those dividend shares of SEVA lookin? I'm sure HBWO will be like that long before you can cash in...
Most of the dumpage today occurred at the bid... At what point exactly did you pound the ask with our "wired funds"?
372 watchers to see a few suck dollars out of others and ALL of it will end up in Tom Scozzafava's pocket
Yes, maybe 372 watch, at one time in SEVA it was 800, yet with that "800" watching, over 3000 shareholders, and millions of dollars lost Tom Scozzafava was able to take it "non-reporting" with only 80 shareholders ???? Maybe they are just here to see this one go to the gray sheets? Or, maybe they're watching to see how many other pumpers join the parade?
I feel like it was planned for TS to rob me from the moment he thought about getting the shell!
All the BS from missing the legacy debt that just happened to go to the ex-CEO's wife to actually stating that he wanted to increase shareholders "intrinsic value". Of course, had I ever even thought about it better "intrinsic value" is just like "value in the eye of the beholder".
Well, my $4k went to 0 here, peewee lost $10k Euro's here. Alot of money been lost on this POS
So you don't vote they can't lock shares? I thought they could automatically lock them unless you "deny"? Hmmmm
Message in reply to:
I consider myself a loyal long term shareholder of EMPZ stock. I held this stock long enough to receive the dividend payment. I think this stock has alot of potential long term and short term.
Loyal? You've flip flopped more on this stock and the CEO than anyone I've ever imagined could! You have loyalty to your account you're trying to get back losses on is the only loyalty you have! How much do you really have invested here? Or should I say "how much are you down now"?
You have over $60k dumped into this POS? Jeez, no wonder you're pumping like crazy... You were buying at much higher than .0002's
Doin a great job on pounding the ask there aren't ya? 1.3 million shares bought, woohoo go big spender! Did you spend your whole paycheck here? $260 is a lot of money...
Empire Pizza Holdings Inc EMPZ:OTCOTC..
Last Price
$0.0002
Today's Change
0.00 (0.00%)
Bid/Size
$0.0001/50
Ask/Size
$0.0002/50
Today's Volume
1,300,002 Below
Schwab Equity Rating®data as of 04/22/2011*
Eh, it dropped and I had to react. Trading upwards of .13 forever than all the sudden drops over 50% on low volume? Seems like manipulation on temporary lack of interest to me
Was able to do a quick flip on shares this am... .10 to .14 :)
Profit is profit! Not sure why or how this went down quick, but right back up and got my cash back (saving a few free shares)
I'd like to see the Hacketts family counter-sue them for the waste of time and resources.
The Hacketts had NOTHING to do with the debentures, yet because they personally guaranteed the bank notes the cd's replaced they're on the hook?
How about suing Tom Scozzafava as isn't he personally liable.. Probably not, only for Wells Fargo which he paid off quick while liquidating everything in site to make pay off WF
On track for WHAT big moves? It's a local guy that bought the shell, is renting space from the previous owner at his bakery, is not telling anyone about the debt or extra cd's attached here, and has the previous owner as an "advisor" and that previous owner's companies all went straight down in pps. What makes you think this would be ANY different? Do you realize just in the currently attached cd's "that we can gaurantee are here" would take the OS over 5 billion? Now think about any other debt that also hasn't been mentioned by the CEO here??
And for your information, the previous shell I lost money in was an OTC BB stock, which the owner reverse split everyone out, then took pink to continue the dilution. Stating "share buybacks and expects dilution to subside soon, while signing his name to another 9 convertible debentures". They can do anything they want here with PR's to make everything "look rosy" and change their mind at any time.
No significant dilution while raising the OS 25%, don't plan to reverse split in 2011? They gotta do something as it doesn't seem like it's gonna move on it's own does it?
I only lost 4k to Tom... Although, it's pretty damn easy to try to "average down" while all the pumpers on the board are saying it's going to the moon (think of all those here with $1k in this from .0015 to now. Sure, they hear it's gotta go up, so they put another $1k into it to have an average of .0007 so they can get out at .0008 with profit, right? Just as easy to never go back up and that total $2k is gone!
Now, when you have pumpers that were paid in shares spreading the word along with that it's very easy to believe. SEVA was one of my early stocks I was in and was a blatant theft from my account. Maybe I was inexperienced, but there are also others here with little experience believing they may have something here with 90% of the posts BS pump jobs. A msg board is to tell both sides of things and let those who want to risk their money to do so, not just a continous pump job so few can double their money!
Nah, I am very very happy. I've lost money on some stocks, made money on others! Tom's is the ONLY one I've had the pleasure of being in his shell where it seemed dedicated to just suck the money out of shareholders with lies and paid pumpers, all the while having a business that if done right could have succeeded...
I'd say probably 100%... I know how Tom operates and don't want anyone to get taken by the nice little scams to better the North Country economy!
Trying to start up a company and grow is one thing, but to outright plan to rob shareholders from the beginning is something totally different!
where do you find it cannot be converted into shares at any time?
And where did you find 2012?
250k and all of SEVA's CD's were either at 50% to 70% of lowest previous 10 day prices which means they convert at .50 or .70 per dollar owed.
So, figuring even at the 70% rate (70% of .0001 = .00007 conversion rate)
$250,000 divided by .00007 = 3,571,428,572 shares needing to be diluted to pay this off (just a small $250k CD)
And if it is one of the cd's that are at 50%, then you're looking at an even 5,000,000,000 shares diluted
Proof the $250k CD exists here...
Seaway Valley Capital Corporation Updates on Debt Reduction
9:00 am ET 04/14/2011 - PR Newswire
SACKETS HARBOR, N.Y., April 14, 2011/PRNewswire/ --Seaway Valley Capital Corporation (PINKSHEETS: SEVA) announced that it continues to work towards debt reduction at the Company and is pleased to update the latest developments in that effort.
As previously announced the company sold its majority stake in Wisebuys, Inc. for the issuance of a $135,000 note and the assumption by the buyer of approximately $250,000 of Wisebuys' existing convertible debt. As a result, these convertible debts will no longer be carried on Seaway Valley's consolidated balance sheet.
As a result of the liquidation of the company's subsidiary, Patrick Hackett Hardware Company ("Hackett's"), approximately $8.5 million of Hackett's vendor payables and debts will be both discharged at the subsidiary level and no longer carried on the books of Seaway Valley.
The Company is also pleased to announce that it has entered into a settlement agreement with the holders of approximately $1.6 million of debt Seaway assumed from the acquisition of the hospitality assets of North Country Hospitality, Inc.
"The past 36 months have certainly been challenging for the company, but we have managed to eliminate or renegotiate over $10 million of Seaway's consolidated liabilities. And while we remain cautious regarding overall economic environment, the underlying businesses that Seaway and its subsidiaries operate continue to mostly show slow and steady improvement in their respective business fundamentals."
Safe Harbor Statement
Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "forecast," "project," "intend," "expect," "should," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (finance or operating) or achievements to differ from future results, performance (financing and operating) or achievements expressed or implied by such forward-looking statements.
SOURCE Seaway Valley Capital Corporation
I hope you didn't invest a whole lot here :)
He didn't say NO REVERSE SPLIT.. he said they didn't plan a reverse split, please get it right
The guy sells pizzas, needed to use shareholder money to pay for the shell. What makes you think in the slightest he could afford to buy back shares while currently diluting the OS? LOL
I'd say "yes, they reduced 1.8 billion shares, but the OS is still 30% higher than they said it would be afterwards".
I'd say #2 there is wrong at minimum (Tom announced HCKI will be paying a $250k cd which was never announced here)
I'd say #5 is pure speculation (from someone with lots of money on the line)
I'd say "lots" of pink stocks are in the .000's and there is usually a reason behind that
The stock was on a rise last time, yet he "allowed" the dilution to bring it all the way down to .0001-.0002? You have to be kidding me? The guy has Tom Scozzafava as an advisor. You really, really think that he isn't listening to the little birdie on his shoulder?
i'd bet there was $10 mil in investor value lost per every $1 mil in "debt" paid with Tom's shells.
The guy really needs to be investigated
LOL... are you going to follow me around in every stock I'm in and try to discredit it with 0 proof and 0 knowledge of it? Maybe this is the one you should be pumping as there isn't gonzo dilution and a pump job would move it nicely...
Wow... that's like selling your house, the people buying get a second mortgage, default, and the bank sues you... How in the world do they think they can sue Hacketts, the Hacketts weren't even involved in the refinancing?
I'd be watching out if I were in EMPZ right now as I could see them going after the shell for shares (since Hacketts was a sub there).
Tommy blew it, at least we know he won't get any more debentures from YA
That may be appropriate to say
There is no guessing in the pink sheet domain... $10k at 70% of .0001 = 1,428,571,142 shares This is if they're paying at 70% of lowest share price in previous 10 days, it may even be at 50%! Of course if they are paying at 100% (doubtful as TS knows how this pinkie dilution thing works) then it would be 1 BILLION shares. So until you see a few more shares in the OS, don't expect it to be paid off.
And it was NOT smart of Maury to dump all the way down to .0001-.0002! He should have let the stock breathe a little bit and let the pps go UP. If he'd allowed the pps to get to .005 or higher, would have been ALOT less dilution to pay back the same amount of money.