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Thanks DTGoody,
He was asking for a link, which I was able to get him. This news showed up right away on TDA, but someone on the VPRO board said it just showed up on E-Trade.
Maybe this is also stuck in the mid 2's because some people haven't seen it yet?
It hit 500% and then promptly dropped.
NavyGirl
My guess is that this quote is part of it.
"Financial terms weren't disclosed, nor were other details of the collaboration."
NavyGirl
Here's a link for you for VPRO:
http://www.businesswire.com/news/home/20110105005774/en/Spectrum-Pharmaceuticals-Develop-Biosimilar-Rituximab
NavyGirl
Can't seem to copy it from my TDA news, but it is there. Dow Jones news is where I saw it.
NavyGirl
From: rookiecrd1 Member Profile rookiecrd1 Member Level Share Wednesday, January 05, 2011 10:06:36 AM
Re: None Post # of 560
Viropro, Inc. Signs a Binding Letter of Agreement For a Multi Million Development Contract With NASDAQ Listed Spectrum Pharmaceuticals, Inc.
Jan 05, 2011 (TheNewswire.ca via COMTEX) -- (via Thenewswire.ca)
Irvine, CA & Montreal, Canada, Wednesday, January 5, 2011 - Viropro is pleased to announce it has signed a binding Letter of Agreement ("LOA") with Spectrum Pharmaceuticals, Inc. of Irvine, CA, for the development and clinical production of a biosimilar version of Rituximab, a monoclonal antibody currently used in the treatment of non-Hodgkin's lymphoma, chronic lymphocytic leukemia, and rheumatoid arthritis. As part of this LOA, Spectrum will also license the rights to certain technology that will be used in the development of the Rituximab biosimilar.
The LOA calls for payments of milestones over an expected 36 months time span. The LOA also calls for the payment of royalties from ensuing sales.
Dr. Rajiv Datar, President & CEO of Viropro, comments: "We are extremely pleased to announce the signing of this LOA; it reaffirms the quality of our research and proprietary technology. It is an important breakthrough for us in the North American market. Spectrum is a fast-growing and well-established biopharmaceutical company. Over the past few months, Spectrum has thoroughly examined and evaluated our technology and offer, and the ensuing LOA is a very satisfying accomplishment to us of our efforts."
This is the second client to contract for a monoclonal antibody-based therapeutic drug with Viropro. In 2007, an agreement was reached with Intas Biopharmaceuticals Ltd. of Ahmedabad, India.
Dr. Datar adds: "This is the perfect complement to our growing biotech Contract Research, Development and GMP Manufacturing Services offering. Over the last several months we have set in motion our new, global business plan, and have made considerable progress towards its implementation. Now the flow of revenues from this LOA, in addition to the expected revenues from the first contract with Intas, will ensure a considerable revenue flow to Viropro for the next several months."
Furthermore, Viropro is currently in negotiations for 2 major acquisitions and has recently secured a financial partner for its financing effort to come.
About Viropro, Inc.:
Viropro, Inc. conducts its operations through its subsidiaries Viropro International, Inc. and Biologics Process Development, Inc. The Company's principal objective and mission is to "make biotech drugs for its clients, efficiently and economically." Towards this end, the Company specializes in the use of its Intellectual Property and high-yield manufacturing process technologies, for industrial-scale production of biopharmaceutical drugs for its clients that serve global markets, with unmet medical- and/or market needs (www.viropro.com).
.0053/.0055. They going to give us a little room to move now?
Link for the info in the 2 prior posts, sorry. From filing dated 11/18/10.
http://www.sec.gov/Archives/edgar/data/1381324/000114420410061854/v203115_def14a.htm
The R/S they are asking shareholders to approve will be 1 for 87
Proposal 2:
(Item 2 on the proxy card)
To Approve an Amendment to Our Certificate of Incorporation to Effect a One-For-Eighty-Seven Reverse Stock Split of the Issued and Outstanding Shares of our Common Stock and to Reduce the Number of Authorized Shares of Our Common Stock From 200,000,000 Shares to 15,000,000 Shares.
General
We are asking our stockholders to approve an amendment to our Certificate of Incorporation to effect the Reverse Stock Split and to reduce the total number of authorized shares of our Common Stock. On October 23, 2010, our Board of Directors approved an amendment to our Certificate of Incorporation, subject to obtaining stockholder approval, to effect the Reverse Stock Split and the reduction in our authorized Common Stock. Our Board of Directors has directed that a proposal to approve this amendment to our Certificate of Incorporation be submitted to our stockholders for consideration and action.
The text of the amendment to the Certificate of Incorporation to effect the Reverse Stock Split as described in this proposal is also set forth in Annex A attached to this proxy statement and is incorporated by reference into this proxy statement.
If our stockholders approve the proposed amendment to our Certificate of Incorporation to implement the Reverse Stock Split and the reduction in our authorized Common Stock, we will file a Certificate of Amendment to our Certificate of Incorporation with the Delaware Secretary of State, including the language reflecting the Reverse Stock Split and the reduction in the number of our authorized shares of Common Stock from 200,000,000 shares to 15,000,000 shares. The amendment will become effective on the Effective Date.
Reasons For Reverse Stock Split
The primary reason for the Reverse Stock Split is to decrease the number of shares of our Common Stock outstanding to a smaller number, which our Board of Directors believes is more appropriate. Our Board of Directors believes that the decrease in the number of outstanding shares may result in an increase in the per share market price of our Common Stock, which might not occur without the Reverse Stock Split. Our Board of Directors believes that this may result in lower amounts and percentage of transaction costs paid by individual stockholders. Our Board of Directors also believes that the Reverse Stock Split will facilitate our ability to raise capital by issuing additional shares of our Common Stock.
3
Our Board of Directors believes the decrease in the number of issued and outstanding shares of Common Stock as a consequence of the Reverse Stock Split, and the potential resultant increase in the price of our Common Stock than would otherwise be the case, could encourage interest in our Common Stock and possibly promote greater liquidity for our stockholders, although such liquidity could be adversely affected by the reduced number of shares outstanding after the Reverse Stock Split.
There can be no assurances, however, that active trading will commence in our Common Stock, that the market price of our Common Stock immediately after the Reverse Stock Split or at any time thereafter will be higher than it would have been had the Reverse Stock Split not been effected or that any increased market price that may occur will be maintained for any period of time. Moreover, there can be no assurance that the market price of our Common Stock after the proposed Reverse Stock Split will adjust to reflect the conversion ratio (e.g., if the market price is four cents ($0.04) before the Reverse Stock Split and the ratio is one (1) new share for every eighty-seven (87) shares outstanding, there can be no assurance that the market price immediately after the Reverse Stock Split will be $3.48 (87 x $0.04)), or that the market price following the Reverse Stock Split will either exceed or remain in excess of the current market price.
Effects of Reverse Stock Split on the Common Stock
If the proposed Reverse Stock Split is approved at the Special Meeting, at the Effective Date each outstanding share of Common Stock will immediately and automatically be changed into a fraction of a share of Common Stock based on the Reverse Stock Split ratio of one (1) for eighty-seven (87) shares of Common Stock. Thus, for example, if a stockholder currently owns 87,000 shares of Common Stock, then following the Reverse Stock Split, the stockholder will own 1,000 shares of Common Stock - each share of Common Stock will have immediately and automatically have been changed into approximately eleven and one half one-thousandths (0.0115) of a share of Common Stock. Assuming approximately 174,000,000 shares of Common Stock are outstanding as of the Record Date, the approximate number of shares of Common Stock that would be outstanding following the Reverse Stock Split is approximately 2,000,000 shares.
No fractional shares of our Common Stock will be issued in connection with the proposed Reverse Stock Split. Holders of Common Stock who would otherwise receive a fractional share of Common Stock pursuant to the Reverse Stock Split will receive cash in lieu of the fractional share as explained more fully below.
Because the Reverse Stock Split will apply to all issued and outstanding shares of our Common Stock and outstanding rights to purchase Common Stock, the proposed Reverse Stock Split will not materially alter the percentage ownership of existing stockholders or their relative rights and preferences. The amendment to our Certificate of Incorporation will, however, effectively increase the number of shares of our Common Stock available for future issuance by the Board of Directors, even with the proposed reduction in the total number of authorized shares.
If the Reverse Stock Split is approved at the Special Meeting and the Board of Directors determines to effect the Reverse Stock Split, some stockholders may consequently own less than one hundred (100) shares of our Common Stock. A purchase or sale of less than one hundred shares (100), known as an “odd lot” transaction, may result in incrementally higher trading costs through certain brokers, particularly “full service” brokers. Therefore, those stockholders who own less than one hundred shares (100) following the Reverse Stock Split may be required to pay higher transaction costs should they then determine to sell their shares of Common Stock.
Effects of Reverse Stock Split on Warrants
Warrants to purchase 1,375,000 shares of our Common Stock are currently outstanding. Under the terms of the outstanding warrants, the number of shares of Common Stock subject to the warrants will not be reduced as a result of the Reverse Stock Split. However, the warrants provide that the exercise price for each share of Common Stock (currently, one dollar ($1.00) per share) will be increased by eighty-seven times so that after the Reverse Stock Split, the exercise price will be $87.00 per share.
4
Effectiveness of the Reverse Stock Split
If the Reverse Stock Split is approved by our stockholders, we will file the Certificate of Amendment containing the language set forth in the form attached to this proxy statement as Annex A, which amendment is incorporated by reference into this proxy statement. The amendment will become effective on the date the Certificate of Amendment is accepted for filing by the Delaware Secretary of State. It is expected that this filing will occur shortly after the Special Meeting, assuming that the stockholders approve the Reverse Stock Split and our Board of Directors decides to implement it. However, the exact timing of the filing of the Certificate of Amendment will be determined by the Board of Directors based upon its evaluation as to when such action will be most advantageous to our company and its stockholders, and our Board of Directors reserves the right, notwithstanding stockholder approval and without further action by the stockholders, to elect not to proceed with the Reverse Stock Split if, at any time prior to filing the Certificate of Amendment, our Board of Directors, in its sole discretion, determines that it is no longer in the best interests of our company and its stockholders.
shareholder mtg on Dec 06, R/S on the way
AQUAMER MEDICAL CORP.
8 Algonquian Drive
Natick, MA 01760
NOTICE OF SPECIAL MEETING OF STOCKHOLDERS
TO BE HELD ON MONDAY, DECEMBER 6, 2010
November 23, 2010
Dear Stockholder:
Notice is hereby given that a Special Meeting of Stockholders of Aquamer Medical Corp. (the “Company”) will be held at the offices of Pryor Cashman LLP, 7 Times Square, New York, NY 10036, on Monday, December 6, 2010 at 1:30 p.m. local time for the following purposes:
·
To consider and vote upon a proposal to amend our Certificate of Incorporation to change the name of our company from Aquamer Medical Corp. to Urban Ag. Corp.
·
To consider and vote upon a proposal to amend our Certificate of Incorporation to implement a reverse stock split of our outstanding common stock at an exchange ratio of one-for-eighty-seven (1:87) and to reduce the number of authorized shares of our common stock from 200,000,000 shares to 15,000,000 shares.
·
To consider and vote upon a proposal to approve and adopt our 2010 Long-Term Incentive Plan.
·
To consider and vote upon a proposal to ratify the appointment of Miller Wachman LLP of Boston, Massachusetts, a registered public accounting firm, as our independent auditors for the fiscal year ending December 31, 2010.
Our Board of Directors has fixed November 19, 2010 as the record date (the “Record Date”) for the special meeting. Only stockholders of record at the close of business on the Record Date will be entitled to vote at the special meeting.
IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE SPECIAL MEETING OF STOCKHOLDERS TO BE HELD ON DECEMBER 6, 2010: A complete set of proxy materials relating to our special meeting is available on the Internet. These materials, consisting of the Notice of Special Meeting of Stockholders, the proxy statement and the proxy card, may be viewed at http://www.urbanagcorp.net
Details regarding the name change, reverse stock split and the other proposals to be considered at the special meeting are set forth in the enclosed proxy statement, which you are urged to read carefully. Our Board of Directors believes that these proposals are in the best interests of our company and our stockholders and recommends that our stockholders vote FOR the approval of each of them.
Your vote is important. Whether or not you plan to attend the special meeting, please sign, date and return your proxy card as soon as possible to make sure that your shares are represented at the special meeting. If you are a stockholder of record and decide to attend the special meeting, you may withdraw your proxy and vote in person.
If your shares are held in an account at a brokerage firm or bank, you must instruct your broker or bank how to vote your shares, or you may cast your vote in person at the special meeting by obtaining a proxy from your brokerage firm or bank. You should not send any certificates representing common stock with your proxy card.
On behalf of our Board of Directors, I would like to thank you for your continued support and confidence in our Company.
Sincerely,
/s/ Edwin A. Reilly
Edwin A. Reilly
Chief Executive Officer
It isn't approved yet. Even though the FDA usually follows the recommendations of the panel, it does not have to follow the recommendation, nor does it have to approve MelaFind.
We honestly have to wait and see. My guess is that we'll see a short term rise.
I have to say though, that it sure does not seem to be well liked by the FDA, and I have no idea what this will do to all the investigations and lawsuits that have been announced.
Medic,
You are correct - here is a link.
http://www.thestreet.com/story/10927219/1/mela-device-gets-fda-panel-ok.html?cm_ven=RSSFeed
My4ntoy,
I am glad to share that commonality with you, and thank you for sharing that!
Now remember: when watching the Army/Navy game, its GO NAVY!!
Have a great day all, off to start the day, but will look in on the board when able.
GO IFXY!
NavyGirl
As a vet, I want to tell you how I appreciate the thanks and remembrances from so many today.
My family has sent most of its sons and daughters into our military beginning with WW1 and every single generation thereafter. We are proud of our family, we are proud to have served, and we are always thankful for the country in which we live.
To those who know me here, sorry I haven't posted in a while, have been busier than usual, although I do lurk from time to time.
I have not sold a single share, and have been continuing to accumulate as others lose patience. Just waiting for IFXY's time in the sun.
Have a great day all! Go IFXY!!
To any other vets on the board: thank you for the things you've done, for the opportunities you passed up, and for time not spent with family and friends. Thank you for your pride in your country and your willingness to give your life for it if necessary.
It's nice to be remembered, Thank You
I don't think Apple had much to do with today's market drop, no.
NavyGirl
Thank you Pennyrich,
Coming from you that's a very nice compliment!
NavyGirl
Holding here today. But then, I refuse to sell into the nastiness of the market today.
It isn't just this particular stock that is down or affected by panic sellers today. Today was red across most markets, and tons of people sold out of positions today.
I like to buy on days like this. Since we dropped into this lull, I've quietly tripled my position here.
For those of you who choose to sell at a loss, I'm sorry for your loss, but I will definitely use it to my advantage!
just bought more and was filled immediately
Agree with you there MX!
Blackhawks,
Without getting into my political views, I believe these "friends" of politicians are able to get things done through others by skirting the law. However closely some of them sometimes come to breaking it.
I believe that the connections are the key. I understand your concerns. However, If you look at what politicians do, they tend to make a lot of deals behind closed doors, through their colleagues, friends, and acquaintances.
These are my opinions, and I stand by them. We can agree to disagree.
And thank you for correcting me. In saying we had at least a year left of the current administration, I did not mean to offend anyone. It was more to illustrate that now was a good time to add him to the board of advisors.
Have a great afternoon!
Yes, I was actually responding more toward Blackhawks concern.
The good thing here is that we have at least another year of this administration, making the inability to lobby pale in the face of the fact that Obama tends to favor his Harvard friends; and so that makes this new advisor very beneficial.
I believe he has the president's ear, and therefore can open a lot of doors for IFXY,
Regardless of whether or not he can lobby on behalf of IFXY, He can introduce the Mr. Aiello to people @ parties, advise him of whom he should speak to, etc. His contacts are going to be important, there are doors he can open without ever having to lobby.
Anyone notice that nite has walked the ask and bid down in the last five minutes?
I agree with you Reg.
My post was a response to:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=55094058 from BC.
Here"s the reason why as it was explained to me:
If you hold the certs, the brokerage does not, therefore they cannot trade them. They can short, They can use all shares they hold, but they cannot use your shares.
If you have a specific question for me to ask him, I will. But it takes a couple of days to get a response. However, you can call your own broker and find out.
Having a nice weekend, hope you are also! Going to do some family stuff, but will be checking in later tonight.
Have a great football Sunday for those of you who watch! I'm making the Chili and Nachos tomorrow, so I won't be around until sporadically Monday after tonight.
BC- got this from my uncle who was a broker before he retired. You are correct that it is a myth. The only way they cannot use your shares held by the brokerage would be if you were to have the certificates for the stock. Otherwise the brokerage is actually free to use shares they hold, regardless of sell orders.
I've also put my totals in, and will update any changes I make to my share count.
Great job, and thank you for taking the time to work that out for all of us!
Not to mention that there are those who do not hold over the weekend. I tend to wait until it hits 1 or 2 minutes til close, myself
ask just dropped
Bid moved up again
Ahhh, but if he's original, it can't be cheating! 30 years of friendship is a thing to be proud of in and of itself, but I know exactly what you mean :>)
Too bad we can't give out multiple pm's to the same person, you'd get more just for that post! That was too funny!
BC, THANK YOU! That saying just makes me smile every time!
Gang,I don't post often.
I don't have millions of shares, but have been adding consistently at these prices, and I will also say that my goal is to reach my target accumulation number, wait for my target pps, sell 25% for profit, and keep the rest until it hits what I believe the value of the company to be.
I did decide to stop posting totals as it seemed rather pointless.
I enjoy and appreciate the posts of the group that has been around prior to this week, or as some of you say "the core group".
Got a few pm's going out, BC, Doc, CC, and a few others who really have done a lot for the board. All of you have my thanks, because your hard work just makes my day a little easier.
Also got a pm for TBE because if you are happy with your pick, it doesn't matter to me how many shares you have, and 1971 but only if you promise to bring back the war cry ASAP, and DAD, how about the prayer and the pm for you, Been in your shoes, and I have nothing but good thoughts for you.
Have a great night, and as always, I'll be checking in on things as time allows.
BC, I don't think that time on IHUB is an accurate measure of who is and is not serious.
I may not be an IHUB member for years like some here have been, but I spent that time working too many hours to be able to be here.
BUT - I can assure you that as I worked my behind off for the money I trade with, I'm very serious about the trades I choose to make.
BTW, thank you for all the work you've done on this board. You have made it very easy for a lot of people to easily find facts, and its appreciated.
11:39 was the time on it, so yes, close to your time
I had an order for 10K @ the ask of .017 and was filled immediately @ .0162, shares were not difficult to come by at all