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New filings are great. They cleared up the 9 million deal. Ski this is pretty clear......”Fidelity will pay a purchase price of $9 million for all of the stock of Ltd. and Immune Pharmaceuticals, Inc. (the “Immune Debtor”)”
I’m assuming that this week we have approval for Bert motion and following week we have Israeli approval for motion for Bert. Or do you guys think this judge will hold off until he hears approval from Israeli Judge. It’s interesting how they overlapped this. Too bad for Feder. Lost the big match. That’s a hard match up. Both have unique styles. Both played almost perfect matches. Someone has to lose. Just like us here. Some will lose ( shareholders ) and some will win ( treasury shareholders ). But we long shareholders will be getting pummelled. I’m thinking at least a 1:20 split. Maybe even a 1:40 split like last merger. Zit. You are so wrong in a Cytovia shares. I know you were just trying to have fun with me. Those Cytovia shares were silly pipe dreams from my Spin Off wish days. What failure that was. I bought a ton of shares then thinking I would get a 1:1 share. Boy was I wrong. Big time wrong. Huge time wrong. Gigantic wrong. Say la vie. Cheers
Ron, I would say they had a great idea. The main kid / boy was not needed and the way he died was pathetic. I seriously think I was caught up by the tech. It is explosive to see how far we’ve come with CGI. It’s a different time I live in now. I think the critics were probably right on many levels. I would go to see this just for effects and fight scenes alone. It’s nowhere close to avatar. Not in the same universe.
Check it out for just the effects. The story line was good but the script probably wasn’t the best and choppy in some parts. You would understand that this was all about fight scenes and special effects which one me. I like Rodriguez’s work.
What Cytovia shares? There are no Cytovia shares. There are only IMNPQ shares. Sorry Zit. That dream ( my dream ) has sailed. It’s now about buying as many shares to fend off the great dilution. It’s coming and it will wipe out so many. So sad, but enough doom and gloom. We know it’s the end. Don’t need to dwell, just need to buy. Any ways. I just watched a great movie from James Cameron and Robert kickass Rodriguez. It’s called Alita - Battle Angel. Wow. What a treat. Special effects and battle scenes were off the chart. Story was amazing. They set it up for sequel. Can’t wait. Booya!!!
Anyone think there are more shares? I would like to grab another couple million.
For people that don’t understand a 363f sale. A sale of this type is to be started at a much higher bid. This is the whole purpose. The idea behind choosing a stalking horse bidder is that the starting value offered by these buyers is high, so there is a higher possibility for the debtor organization to fetch a higher purchase price for its assets. In return, the stalking horse bidder may get certain favors and discounts pertaining to the asset in question. But that is all that they get. The fact that these bids are being negotiated at such low prices show to me that the intentions here are not to get good prices and this will hurt us shareholders. Pretty disgusting to watch.
If Ceplene only received 2.5 mil. Bert will certainly not receive higher than what’s being offered. They are working so hard on negotiations and they can only get 6-9 million. I don’t see this getting any higher than what’s owed to creditors. Us shareholders lost out. Sad deal. Equity holders are who win big here. Anyone want my shares? I’m all quaffed out
Just quaffed. Stinks so bad. Red wine and lots of garlic butter. Stinky sea poops. Hope you IMNP negotiators can smell my sweet sea farts. Rabin and Tony, if I could, I would lock you two in a box and lay these bad boys on you. I would even leave a couple sharts in there just for you two love birds to smell my greasy wet ones. Arghh.......
I’m sorry but you just have to laugh at these half breed dirty piglets in IMNP. The fact that these disgusting sewer rats say this about negotiations after the fact that the 6 million price tag remained the same after Armory slime buckets called 6 million 2 months prior is a joke. Long negotiated sale makes my head spin. That judge needs to get into some hard core affixation type crap to screw his head on straight. These guys are a bunch of Epsteins having a bang fest on this underaged company. They might as well take pictures and hang them on billboards. So many blind people here it makes me want to throw up, eat the puke and then regurgitate it and have some Chianti to enjoy it again. Scum sucking pigs need to eat that. Pieces of skag li wag poopie heads.
Contradicting all prior dealings, Mr. Baruch Hakim (the "Israeli Trustee"), the trustee appointed in the later-filed and tag-along Israeli "stay" proceeding of Immune Pharmaceuticals Ltd. ("Immune Ltd.") filed an emergency "reconstruction plan, and creditors settlement agreement" ("Settlement Plan") on Sunday, July 7, 2019 seeking to commandeer the Debtors' assets, sell them to Fidelity Risk Capital ("Fidelity")3 (a disputed "creditor" of Immune Ltd.)4 through a partial credit bid purchase and pay nearly $1 million in "commission" to himself. The Israeli Trustee invoked this subversion despite (i) being active in the long negotiated sale to proposed stalking horse purchaser, Alexion Pharma International Operations Unlimited Company (the "Buyer")
It was a great way to get another 50k to help fund BK case. So many ways to get through all the red tape.
purchase of 100% of the stock of the Company and that of another of the Debtors (Immune Pharmaceuticals Inc.) in exchange for a cash payment in excess of $9,000,000 USD. A deposit has already been made by Fidelity in connection with their offer, and another sum ($50,000) has also been funded by Fidelity to support the Company during the Israeli Bankruptcy Proceeding
Hey Ski. In your previous text you said trustee made big for Bert for 9 million. Where did you see the wording that the offer was for Bert. I don’t see Bert anywhere. I just see what I posted and read in the filing. I believe you said that they worded the “stock” portion wrong, yet you added in Bert was what they offered the 9 million for. I’m sorry. I don’t see what you see. Can you point out to us where they specifically said for Bert. Thanks. That would be a huge help Ski. Cheers. Skidmark
So Ski Ski.
What wording isn’t clear here?
“provide for the purchase of 100% of the stock of the Company and that of another of the Debtors (Immune Pharmaceuticals Inc.) in exchange for a cash payment in excess of $9,000,000 USD.”
So 9 million for all stock in LTD and in Inc. That’s pretty clear people. Isn’t it clear? It is to me.
They better. No high bids win this one. The lower the better. I wonder if the Israelis get there motion approved in Israel. Wouldn’t that be hilarious if American judge approved motion but Israelis don’t give approval. That would be so funny. I’m sure Israeli Judge has American Judge on speed dial.
Yes that’s what i thought too. Thanks for pointing that out. I’m sure we will be getting screwed here. Yes it’s the LTD guys in Israeli BK. Us Inc people are in the dumps as expected. I see nothing coming our way except for huge dilution.
Hey. Why would fidelity even make a 9 million offer for stock? I didn’t realize our stock was up for grabs. Why wouldn’t they want to buy Bert. Fidelity can’t get Ceplene. That’s gone. So why bid on stock? Who’s stock? I will gladly give them 5 cents a share. It must be a blind offer. Obviously they didn’t see the APA. Maybe there is another APA. A secret one in the tombs of LTD. 9 million gives me 5 cents. I’m good with that. How about you guys? Zit wants 10 cents. Thoughts?
I’m thinking we just need couple bids being raised to 15 million combined with Vector deal to pay off creditors and then a side bar deal done to get companies back in each of their pockets for no cost. Boom. That’s a great theory. Bye bye Eric Hughes. Bye bye Skidmark. Dum...dum...dum..dum ....dum
Israeli Fidelity will win as they have the upper hand. They want it all. Alexion only wants Bert. Oops. Too bad for Alexion. Israeli guy gets the cheese and then goes kamikaze and blows up all shareholders with bomb vest. KABOOM!!!!
So next week is US approval for motion and then the following week is the Israeli approval for the motion to buy 100 percent of the company. I wonder which one will win. At least they got 9 million instead of the 7 million that Tony wanted. 2 million more is not bad. Hilarious. Loving it. What a group of seriously pathetic worthless people. Pretty sad to watch this. The level that some people will stoop too. Wow!!!
Hilarious. The Israeli Trustee recently identified another bidder, an Israeli investment fund named Fidelity Venture Capital Ltd. (“Fidelity”), which has made an offer superior to the Stalking Horse offer. The terms of the offer, which have been disclosed in the Israeli Bankruptcy Proceeding and are believed to be known to the parties herein, provide for the purchase of 100% of the stock of the Company and that of another of the Debtors (Immune Pharmaceuticals Inc.) in exchange for a cash payment in excess of $9,000,000 USD
Oh wow. Here comes the reverse merger and massive dilution. Brace for it.
Ski, the moment I read that a Israeli trustee was disgruntled, I was like shut up, seriously, calm down you little dirt bag. Then I was like. Ok, hurry up and read the script fast. I want this saga over :
So funny right Ski. I’m sorry bud but I can’t take anything serious here. This is just a big bad joke that’s lasting a life time. Get off the stage already. I did read the filings. I’m so pathetic. I wish I had a life. Somehow I enjoy reading ridiculous stuff. I also laughed like you. Cheers
New filings out. Reading tomorrow. Way too much wine to comprehend. Watching hotel Mumbai. Soon sleepy head is down for night. Cheers guys.
I haven’t ventured into Prime yet. Is it worth it man. I want to watch the Sneaky Pete and Jack Ryan series. They good series. I’m sucked into everything. My tv bill is like a mortgage.
It’s not. Two more seasons left. Hellboy is going to be around for a fourth season. That cop is awesome just like dusty buns. A wicked cast.
Bud. I just finished Stranger Things. Awesome!!!!! Black Spot is good, The Umbrella Academy, Longmire is top notch, Good Girls is incredibly good and the main character is very good. The Kominsky Method is awesome if you like grumpier old men comedy ( which I do ). Happy is good. Crazy but awesome. How to sell drugs online is good. Foreign but good. Chefs table always good. Any ways. Enjoy!! Cheers bud!
Calm yourself down little buckaroo. We all know that the deal will go through. Guys like Eric Hughes, Maza, Teper, Kazado and the rest of the chain gang have supermajority. Dude you are yelling at the choir. Bring it down a notch. As for Form 10. Let’s wait and see if a proof of claim is filed. As for greatness. Thanks bud. I appreciate it.
Ron, I’m almost certain it’s a show alright. They have to make this look legit to do what they want to do. I’m sure transfers / taxes / jerks have to play a major role here. I’m tired of speculating bud. But I do know one thing. Believe absolutely nothing what you read in those filings. And your right I’m sure no Bk is normal. They all are different. I’m just saying the same old stuff. I have purchased shares and probably thrown a lot of money out the window doing so, but I do believe in myself ( cause I’m damn smart ) and also I believe this company is solid as they come. Some goof running it but that’s another story altogether. I have never doubted the pipeline and continue to support my goal. The trick is patience and to relax and to vent whomever is listening. This has taken many unknowers for a loop. I’m sure many insiders, friends of friends know what’s happening. I’m just glad to be here and to be allowed to play a role in this history making drug. I like to take a more altruistic approach. Be well Ron. I hope we all do ok. I just want my opportunity cost here. Anything else is gravy. Cheers
Hey Ron, seriously speaking, I am only waiting for one thing. Reorganization plan and then confirmation. Chapter 11 has a process and I am depending on it to work for me. I for one don’t believe in the bidding process or auction as it is definitely arranged and rigged to do what they need. Sorry bud, but I think there will be serious dilution unless they are bought out or decide to liquidate Bert. I’m just hoping they lift up the stock price a bit before a split takes place. The fact alone that they have delayed Vector deal says it all. There is no reason why Ceplene has not been purchased. Not one reason other than the fact that they plan on doing a merger of some sort. The idea that Armory calls out the stalking bid two months before they even announced the stalking bid with Alexion which was supposed to be negotiated with terms etc. C’mon. How can anyone now take this auction serious. Alexion has seen the data room and yet they still negotiate a garbage APA. Very uncool. Motion should be approved next. After that it’s just a matter of time to get some answers. I think by the end of August we should see some direction. Cheers
I’m needing another million shares at .004, anyone ready to sell me some. Sorry for delay but I’m ready now. I’ll be patient like I was before. Cheers
Once they get confirmation of there plan after auction you could see that price. Maybe in late August I can see that happening. But it won’t be at the magic .10 cents just because you think it’s going to be there. Something has to drive it there. At this stage I see nothing other than us waiting for nexts week approval of motion for sale of Bert and then waiting for fake bids to start coming in. I see nothing higher than what’s owed to creditors. These piggies are so scrupulous and so annoying. They also can’t send me my damn court notices on time. I know I’m just Canadian Bacon but give me a break, a little respect here.
Proof of Claim Requirements for Chapter 11 Bankruptcy
Chapter 11 is solely for companies that plan to reorganize and continue business at the conclusion of the bankruptcy.
Chapter 11 creditors are not required to file a Proof of Claim because the debtor is required to file a Schedule of Assets and Liabilities. If the debtor’s Schedule of Liabilities lists the creditor’s claim in the correct amount and does not designate the claim as “disputed, unliquidated or contingent”, the creditor will be able to participate in any distributions for its category (secured, unsecured. priority, super priority).
If the creditor’s claim is listed incorrectly (by amount or category), or designated as disputed, unliquidated or contingent, a Proof of Claim should be filed. If it is not filed, the Bankruptcy Court will consider the debtor’s Schedule of Liabilities as accurate and make any distributions accordingly.
This what we do. Sucks to be us. Cheers
And you steel my lines. “I always win”. C’mon. Be original man. Actually that form I gave is the official Form 10. Proof of Claim. Bar date next week. So nervous. Hehehe. A scheduled creditor can proceed with its filing but only if it so desires. I am always right as well by the way. So far, I remain here with a sweet little position, maybe a minority or greater shareholding. So I guess that would mean that I am just a lucky dumb ass conman. Man, I love attention. The more negative praise the more I get all ramped up and excited. Ask Helter Skelter and Skidless. Skidmark loves attention. Want me to sing Never Ending Story like Dusty Buns. What a great rendition. Well done. Have a reserve on me. Cheers
B10 Form isn’t needed to be filed in a chapter 11. Be well. Cheers
Bring it. We need some more daft humour. I can’t be the only dumb ass here. More the merrier. Just wait till you meet Skidless. He is like Skidmark but funnier. MothersMilk is the best. Look forward to much more brilliance from you. I hope you were a good squirrel and loaded up your nuts. I’m plenty nuts already. So I stick with gathering acorns. Be well. I can’t wait to see the Form 10. Cheers
I don’t like tomatoes, tomato sauce or fruit salad. So there goes my wisdom and my knowledge out the window. I love to hear people’s thoughts Zitlo. I wish you well my enlightened friend. Be well. Form 10 is funny, genius but funny. They will have to present something eventually. People ask me, how do you understand IMNP so well. I simply say, I think of the best stock and then take away all reason and accountability. That’s all there is to it. Cheers
Ok that’s just funny man. Hilarious. Thanks for the laugh.
Looks like some Israeli lawsuits coming our way. Boom Shaka Laka Boom. I feel for Mr Rabin. I hope he’s not sick. His writing is horrible. Writing can be a sign of many things. Any ways. I hope his gambling hasn’t played on his immune system. Baruch Hakim is a great basketball name. He looks like a real killer / slime ball. Someone that I wouldn’t trust my daughter with. Scary guy. I hope he doesn’t take the pop star and his groupies down. That would not be good for us.
Oh it’s bad. You don’t announce bankers fee based off 6 million two months before they actually announce the stalking bid that was supposed to be deeply negotiated. Hilarious. What a joke. It smells in this room. Diaper change needed here.