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I do hope we get approval on 16th. Too bad we have to wait but at least Judge is allowing the hearing.
I understand the silence. I guess we’ll all just wait till 16th. I’m thinking we’ll see something 14 days after that hearing. Cheers
So what happens to Discover now that they’ve withdrawn the file? Any guesses. I have my thought but I’m not a lawyer or broker or banker. I’m just a dumb ass con man that knows zip about anything. So does anyone have a theory. Looks as though Ceplene is dancing free and ready to be assumed for 2.5 million. Bert looks like it’s ready to be partnered up for 7 million. Now we just have two more drugs to be sold. Maybe we sell those for around 5 million plus change. This takes care of creditors and then voila, we are done and off to do more crime. At least John got his 9.99 percent, Maza got his 7 percent, Teper got his 30 percent in Vector. Just waiting for Kazu to get his percentage. I wonder what dirt bag Cameron got. I’m sure he’s laughing as well. So does anyone want to step out and say something. You don’t have too. I understand it’s tough for some to speak up in front of audiences. Any ways. I’m here if you need to hold hands. I’m here waiting at .004.
Don’t get sucked in to that none sense. It will go back down. Only suckers are buying in at .005 cents. We’ve got a long ways to go still.
Can someone just reach out and hold my hand at .004. C’mon. Throw me a fricken bone.
I have to admit. I really love that complaint filing by Immune. It’s very revealing. So many truths to be told. Just glad I’m here watching this epic show with my super delicious popcorn. Hope you guys are having as much fun here. KOL
It’s funny how they bring up Ironridge and all this death spiral stuff. You have to laugh. They chose to go to this guy. They wanted to go this route. It’s hilarious how they mention that Ironridge lost 65 percent of value. Blah blah blah. So how much have we lost. Well I’m down a few hundred percent and then some. Hilarious
Ski that is very old news. Vector updated the site months ago. Sorry bud. I got excited when it happened too. But sorry it’s old.
Thanks for the correction Ski. But what I was emphasizing was the 7 million amount mention. Yes. He could’ve split the debt in half. Or he just pulled it out of the air. Just like the 6 million given to our new partner Alexion. I look forward to mid July court date. With regards to taxes:
Tax-Free Transfers Under the Bankruptcy Code
Section 1146(a) of the Bankruptcy Code provides that "the issuance, transfer, or exchange of a security, or the making or delivery of an instrument of transfer under a plan confirmed under [the Bankruptcy Code], may not be taxed under any law imposing a stamp tax or similar tax." A "transfer" includes a sale of property or the grant of a mortgage lien. To qualify for the exemption, a transfer must satisfy a three-pronged test: (i) the tax must be a "stamp or similar" tax; (ii) the tax must be imposed upon the "making or delivery of an instrument of transfer"; and (iii) the transfer must be "under a plan confirmed" pursuant to section 1129 of the Bankruptcy Code.
Ski. I believe Discover did the company a favour but by doing so screwed us in the process. They company needed bankruptcy to transfer assets with out paying tax. BK aid the only way to do so. It’s just a crappy way to do things. Plus, they needed the cheap shares. Cheap cheap cheap.
Hey. Don’t you find it funny that Tony said in his affidavit that getting 7 million and giving 50 percent to creditors was the plan. Think about that fluke of a guess. The 7 million figure was wished upon in March, way before this stalking horse bid came into play at 6 million. I’m pretty sure this bid won’t go to much higher. To close to be a coincidence.
So no conversion as we expected. We remain in Chapter 11. Yippee!!! We got shortened sale and a new date to look forward to. Now let’s sell some Bert and other drugs for dirt cheap to our new partner ( Alexion ). Big Bonus is we remain owners of Ceplene. The drug that was never to be sold. How awesome is that. Loved this new filing / order by judge. In one giant swoop he said, “ screw it, I approve it all. Now get out of my face and begone with you.”
You think this will make 3 cents?? I’m a little nervous. There’s so much not going here. This next month is going to be soooooooooo boring. One giant snooze.
Any 1 million sell bids?
So I wonder if notions for approval will be given in the next day. Hope all sellers are on board. Then it’s 30 days of due diligence. Unfortunately the last 6 months haven’t been enough time. What a joke. Anyone want to sell under .004?? What’s the largest ask? Just curious.
I wonder why Discover withdrew the file re: objection to Ceplene sale. It’s not like that withdrawal will do anything. It’s done. I don’t see any price increase until September. I think closing is in October. So we are way off. In the end. Nothing will happen. This is all about partnering with whoever for Bert. Price is way to low for outright purchase. It’s funny that they pushed this auction out another month or so. You have to wonder what the hell the investment bankers are being paid for. Pathetic!!! Relax and enjoy summer. This turd won’t do much other than stink for rest of summer. Breaking a cent won’t happen.
Alexion Pharma is trading at 132.00 USD but we could only sell our drug for 6 million to them. Hilarious!!!
Hilarious!!! Just Hilarious!!!!!
Ski. I don’t see this going anywhere. I already have a set idea in my head of what’s to happen. I don’t care about this fixed auction. I looked at the break up fee and just laughed. 180k. Seriously what a joke. So they get 3 percent which is standard of 6 million. That fee is fixed upon future bids. So there’s definitely something fishy here. Those scum “ A” company would get much much more if bid shot up. The fact that it’s so low shows me there is absolutely zero desire to drive this up. 12.5 million is a joke for this drug as well. But we all seriously have to remember is that this is only for a partnership. That stalking bid says jack squat about terms. Trust me when I say, this is only a partnership not a outright purchase. But I’m still a greedy stinky dirty piggy that wants more. There is nothing kosher about me. I love the mud like that old guy in the movie Old School. A good old mud bath is great. Lets get lit up people. Cheers
Are you kidding me. That’s your theory. Great analogy. Like Grease. Give me more. Give me more. Give me more. Like does he have a car. You serious brother. Have another keg on me. Throw in some Kushe and then maybe you’ll be on my page. I like to tell stories. Once upon a time, there was some crooks that liked to play tickle me Elmo under the sheets. They were called John ( Gonzo ) , Teper ( Kermit ) , Andrew ( blind guy ) , Kazzy ( Fozzy Bear ), Miss Piggy ( Maza ). Tony was the guy that came in the last moment and begged to play a role. So Muppets told him, ok you be the weak link that is ok with being a complete scum bag. He was like ok, that’s swell guys, thanks for letting me play with you guys. You just instruct me and tell me what to do. I will do whatever you want. Anything. Anything at all. You want me to destroy this company. Done deal!! I will work with your old pal Johnny B Good and set this roof on fire. Then we’ll boogie the night away. Shalom my brothers. Your like the best brothers I could ever have. Teper’s like “ You are welcome my scummy friend “. You can’t have dinner with me at my table but you can sit on the floor and have a bowl of puppy Kosher of puppy chow next to my feet. Be well fellow tickle monster.
Sept 4th is when Sale hearing is. Wow. Knew it!!! Scum bags, hey Ron. Wow. I wish summer was more fun. This news should bring price down to the healthy .003s again. Can’t wait to tickle this pink stock. I just need my personal quota.
Ok. Just read a little. This is a joke and we all just got screwed. They went from 4 million to 6 million. What a joke for a stalking bid. There is no way in hell we move much further than those numbers. I was actually expecting low teens for stocking bid. Huge disappointment. We lost this one guys. Now we just have to sit and wait until end of August. Can’t say it’s end of August as I didn’t read that far. But still. Wow!!! What a joke. 6 million as stalking horse. “A” company is a piece of crap company. Probably sucking the tit of IMNP. Somehow this don’t jive. Remember, it can’t go too high as stalking S@“/ head gets percentage. So they won’t give too much free money away, unless they gut it with dilution to “A” company. Wow. We suck!!
What did I say. I told you so. Nothing will be done. 6 million is a joke. That’s the stalking bid. Hilarious. Crooks. See. I did say nothing will happen and nothing will happen. Stock price will stay as is until they finish deal. I still believe nothing will be sold. All a show.
What did I say. I told you so. Nothing will be done. 6 million is a joke. That’s the stalking bid. Hilarious. Crooks. See. I did say nothing will happen and nothing will happen. Stock price will stay as is until they finish deal. I still believe nothing will be sold. All a show.
So Ski and friends. Out of defence for Ski. He was referring to declaration statement from Tony. An affidavit is the same except for one big thing hence why a few things were left out.
“Both an affidavit and a declaration are sworn personal statements written by someone with personal knowledge of facts. Although the terms are often used interchangeably, an affidavit often must be signed before a notary while declarations need not only include statutory language about swearing under penalty of perjury.”
So this is how I see corrections in affidavit.
“Once you've sworn your affidavit, it's done. With one exception, the only way you can fix a mistake in that affidavit or add additional information to it is to make a new affidavit.
It's not uncommon to have three, four or even fifteen affidavits prepared in the course of a court proceeding in a family law dispute. These affidavits are mostly made to update the court on events occurring since the previous affidavit was sworn.
Note that new affidavits don't replace any of the previous affidavits, they just add to the written evidence already in the court file. Every affidavit stands on its own.
Adding new information Edit
If you have to add new information or documents that should have been in the previous affidavit, you'll have to do up a new affidavit. In the beginning of the affidavit, just state that you're making the affidavit to give the court new information, and then set out the additional information you need to give the court. “
So I pulled this little tidbit off a legal site. I am always intrigued about the mechanics of this process. I like the idea of using two affidavits filed in separate countries. I also like the idea that your corrections don’t need to be initialed. Instead you just have to be sworn in again. Funny thing is that I don’t see any additional affidavits except for this latest one from Israel. Now maybe this was their way of adding new context ( which they did ) to their story. Pretty neat stuff smart people. You guys always have me beat. I just try to keep up with you guys. I’m so glad you allow me to come to the party. More importantly I’m just glad you let me stay. Where do I drop off my Toga suit. Cheers
You see a lot Catch. I can’t see any bids. Don’t have the hook up like most here. I have to use my prowess. I think I’m doing ok thus far. Hehehe. I still can’t get over that flub with the 120 million deal part. He forgot to sign his initials above the correction he made with the pen. Maybe just another mistake I’m sure. Maybe means nothing in Israeli court. I’m sure anyone can just change your wording there. But still. What a massive mistake. Where did the clerk even get the 70 million cash from? Maybe typist or clerk was day dreaming about another deal. What a flub. I will take that flub any day.
The nice thing about his Israeli affidavit, there’s a lot more truths in it. See smart people, affidavits are awesome when having to perform one in each country. You can tell the truth in one and then just add more truths in another. All someone is doing is just writing what they remember and account what’s the truth is according to them. So adding additional stuff doesn’t mean you lied in other statement, it just means you didn’t recall it or word it the same. How awesome right. How convenient. Brilliant!!! Have a great day people. Hope some of you picking up what I’m laying down for you. But I also hope many of you don’t. Especially the idiots. Cheers
Yes. Sounds good. But you are wrong. This affidavit is to the Israeli court. Not to US court. The wording etc is completely different. Firstly, it never mentions the massive flub with his money correction. Also he doesn’t break down the 45 million like he did in the first affidavit for US court. He also doesn’t mention a damn thing about the 7 million and the 50 percent part etc etc etc. Before you get excited and start pointing out stuff like a pro you are, realize there are two countries and two court systems. I could go on and on but that would be a waste of my time.
Ski that is not the same affidavit as the one in March. Its not the same at all. Sorry. You will have to reread. I did .
Did anyone else notice what Tony mentioned regarding bids before petition. Did you notice that the first number wasn’t broken up into cash. I assume that the 45 million was all cash. That’s mere speculation of course. Then do you as well notice the second flub which is big time odd regarding the 120 million deal. Notice the change in numbers. I would say that’s a huge flub. He goes from typing 70 million in cash to 6 million in cash and then from 50 million in milestone payments to 114 million. I don’t know one can make that type of mistake. But what do i know. Then now after petition he suggests that the applicants are now just hoping to receive over 7 million and pay 50 percent to creditors. At least we know stalking horse should be over 7 million. Cross your fingers. The number is rising.
Sadly they also mention they are no where near completing a reorganization plan as they need both court approvals for extension of stay and they need Ico approval to transfer license. Which we all know. So the long hot summer continues. I did enjoy this last filing. I like how the displayed the Israeli stay and that US court can’t overlap decision otherwise it causes great harm. They should of led with this weeks ago. I’m glad they didn’t. It allowed me to do my part as well. They need to slow that type of stuff down. WO on the good news. I still need to accumulate with Brian Skidless.
So in the latest filing by Ltd lawyer and Tony it states they want a minimum of 7 million from Bert sale and they want to give 50 percent of that to existing creditors. Now that’s some interesting stuff.
Let’s hope we see a reorganization plan in August. July will be just more nonsense.
Who knows Skidless. I think we are awhile out yet. There’s a few things that don’t line with me. But it’s up to them and judge. It’s lots of fun.
Brian Skidless. My nurses were all Australian. That’s all they have up in Whistler. They were wonderful. I was out of it but this ox survived to live another crazy day on the wild plain. I love this deal we’re getting. It’s still up in the air as you never really know what they will do. I just love the chase. The rest is boring. Hope the price comes down so I can throw more money away. I’m a little upset that Eric Hughes isn’t buying more than 4.99 percent. I guess he doesn’t like paying the 1000 fine. I’m ok with it. Good luck to you bud!!
Hey Ski. We all know this is a joke. There won’t be any negotiation with Discover. Eric is absolutely right. You don’t pay someone interest on money that isn’t loaned. Discover also can do squat based on the fact that they were in possession of material info while doing deal and at this moment in Data room. Discover won’t get bupkis other than what they gave and plus interest. They were able to increase their holding prior to amendment. So that’s a plus for them. Using that registration to push down price was genius and the norm. I think Bert motion is being held off because there are other plans. This will be done in all one shot. We will all wake up with a huge conversion / consolidation / oh crap deal. I’m prepared for the worst. Just need a few cents to break even. The rest will pay large. GREAT! I want some people to suffer like I suffer for great investments. No pain no gain. I told my masseuse I wanted deeper and harder pressure. She said more pain isn’t good. I said NO TIP. Hehehehe. Shalom. One more thing. Do you guys actually think they will do a court date during July 4th holiday week. Sorry not going to happen. Mid July is when next date will come. Then they’ll do a couple more extensions just to allow me to buy more shares. Shalom again. BrianSkidless..... give me some praise. I want some of your talk bud. Or MothersMilk. ( great album by the way ) Your good too. I need some laughter. Can’t rely on my egocentric self to do all heavy lifting. I will wait by the pool.
We got our extension. We need our plan. Then need our confirmation. Hopefully we see something in August or early Sept.
Court date will be rescheduled as planned for mid July.
Can any understand how this NDA means anything. They state very clearly in latest filing that ICO counsel briefly had access to the data site without signing any papers. So basically the NDA means nothing. To give access to a company that already is marketing your drug without permission is just a little weird. Why allow a company access without signing NDA. Think about that for a second. The lawyers can leak that info and not be accountable. Anyone get that little bit? Wow. That’s just cuckoo.
Can any understand how this NDA means anything. They state very clearly in latest filing that ICO counsel briefly had access to the data site without signing any papers. So basically the NDA means nothing. To give access to a company that already is marketing your drug without permission is just a little weird. Why allow a company access without signing NDA. Think about that for a second. The lawyers can leak that info and not be accountable. Anyone get that little bit? Wow. That’s just cuckoo.