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11mm vapored and bod is so happy to talk about but hiding behind confidentiality agreements?.Did any one ask when do the shorting period starts?.
ESS is entering Phase 2 clinical studies under a CRADA agreement with the US Army.Nice to know that.
It says ITS ONGOING as per the clinicaltrials website.
ESS prize? No one knows what this means.
Elto is active
This study is ongoing, but not recruiting participants.
https://clinicaltrials.gov/ct2/show/study/NCT02439125?term=eltoprazine&rank=2
Can collectively write to THJMW on escrow shares
If some leader organizes a decent letter requesting the court to answer on escrow shares, i can sign in along with other 1000s of shareholders.
From Jon Goulding declaration:
Section 1123(b)(6). Article XXXVIII of the Seventh Amended Plan provides that the
Court will retain jurisdiction as to, among other things, all matters involving the
Seventh Amended Plan, the claims allowance and distribution process, and the
prosecution of claims and causes of action. Accordingly, the continuing jurisdiction
of the Court is consistent with applicable law and permissible under section
1123(b)(6) of the Bankruptcy Code.
So what happens to the shares held by them? Does it benefit them if the share price increase or decrease?
yeah what do they do?
What do the institutions do with more than 60million shares held by them?
lol...who cares?.
There is no price set to purchase stock.It is at company's wish whether to sell in 500K units at different intervals or terminate the agreement.
I agree.I did too, but i was referring it due to the $20mm funding by Lincoln Park, it seems still valid thru August 2016.
My question is, why institutions like Lincoln Park still holding common shares if there is no value in it?
Where is the proxy for voting?
What is the ratio of reverse split?
When is the Registration filed?.Is there an IPO and uplist? or sale altogether and at what price?.
What is the status of RPDD for ESS?
Phase 3 clinical trial for ESS starting soon?
So many unknowns, value is there some where.
Do yourself a favor by reading 10-k filed yesterday with SEC
Now institutions own more common shares than ever before.
1.Through December 31, 2015, the Company has sold an additional 37,445,801 shares of common stock for gross proceeds of $2.8 million under its agreement with LPC.
Out of 67 million outstanding shares, imho more than 80% is held by institutions.
Is this not a good indication that there is some thing brewing up in a positive way to the common equity?
$20 Million funding
Lincoln Park Capital
In March 2014, we entered into an agreement with Lincoln Park Capital Fund LLC (“LPC”) for an equity financing agreement. LPC is obligated to purchase up to $20.0 million of the Company’s common stock from time to time over a 30 month period, in amounts up to $0.5 million per sale as directed by the Company and subject to certain requirements, restrictions and limitations. There are no upper limits to the price LPC may pay to purchase our common stock and the purchase price is based on prevailing market prices of our stock at the time of sales without any fixed discount, We control the timing and amount of any sales to LPC In addition, we may direct LPC to purchase additional amounts as accelerated purchases the closing price of our stock is not below certain threshold price. We filed a registration statement with the SEC covering the shares issuable to LPC. As of December 31, 2015, we had approximately $17.3 million available to us under the agreement.
Through December 31, 2015, the Company has sold an additional 37,445,801 shares of common stock for gross proceeds of $2.8 million under its agreement with LPC.
Common stock private placement
-------------------------------
In March 2014, the Company entered into an equity financing agreement (“LPC Purchase Agreement”) with Lincoln Park Capital Fund LLC (“LPC”) whereby LPC is obligated to purchase up to $20.0 million of the Company’s common stock from time to time over a 30 month period, as directed by the Company and subject to certain requirements, restrictions and limitations. Under the LPC Purchase Agreement, the per share purchase price will be the lesser of the lowest sale price of common stock on the purchase date or the average of the three lowest closing purchase prices during the ten consecutive business days prior to the purchase date. However, LPC is not obligated to purchase shares from the Company on any date that the closing price of the common stock is below $6.00, subject to adjustment upon the occurrence of certain stock related events. The Company may also request that LPC purchase shares under an accelerated purchase notice whereby the per share purchase price will be the lower of (i) 94% of a volume weighted average price calculation as determined under the LPC Purchase Agreement or (ii) the closing price of the common stock on the accelerated purchase date.
Concurrently with the execution of the LPC Purchase Agreement, LPC purchased an initial 26,667 shares for gross proceeds of $0.4 million.
In consideration for entering into the LPC Purchase Agreement, the Company issued 63,333 shares of common stock to LPC (the ‘Commitment Fee Shares’), 40,000 upon entering into the agreement and 23,333 contingently issuable on a pro rata basis as the Company utilizes the financing arrangement. The agreement will automatically terminate upon the earlier of 30 months (August 2016) or upon full utilization of the purchase commitment.
The fair value of the 40,000 Commitment Fee Shares initially issued to LPC was approximately $0.5 million at issue and initially recorded as a deferred funding fee asset. The fee, as well as fair value at issue of subsequent Commitment Fee Shares, has been recognized as additional paid in capital as of December 31, 2014.
During the first quarter of 2015 under the Lincoln Park Capital Fund LLC financing arrangement the Company sold 256,305 common shares and issued 3,290 common shares as a commitment fee for a total of $2.8 million.
Oh you forgot about $17 million funding until August 2016?
How convenient it is??
Conversions and other shares since Jan1,2016
From January 1, 2016 to May 13, 2016, the Company issued the following preferred and common shares:
? In accordance with the original terms, converted 1,365 of Series E Preferred Stock into 17.1 million shares of common stock;
? In accordance with the original terms, converted 1,605 of Series H Preferred Stock into 28.8 million shares of common stock;
? In accordance with the original terms, issue Preferred Stock E dividends into 2.1 million shares of common stock;
? In accordance with the original terms, converted notes and interest $200,000 into 3.8 million shares of common stock;
? In accordance with the original terms, issue Preferred Stock H dividends into 2.3 million shares of common stock;
? Issued 0.5 million shares for services.
See below for more detail regarding certain debt and equity related transactions.
This is why the price fell so low, and the opposite should happen soon imho.
Dividend ?
In connection with the Exchange Agreement, on the Effective Date, the Company entered into an escrow agreement dated May 11, 2016 by and among the Company, the Buyer, AMDX, holders of the Company’s secured debt (“Secured Holders”) and Robinson Brog Leinwand Greene Genovese & Gluck P.C., a professional corporation organized and existing under the laws of the State of New York, as Escrow Agent (the “Escrow Agreement”) pursuant to which the AMDX Consideration and Additional AMDX Consideration (collectively, the “Escrow Shares”) was deposited into escrow with the Escrow Agent to be held in escrow for the Lock-Up Period. 1.5 million of the Escrow Shares can be released to the Secured Holders for any event of default under the agreements between the Secured Holders and the Company. In addition, 7.25 million of the Escrow Shares can be released to the Company to repay certain notes and 7.25 million of the Escrow Shares can be released to the Company in connection with a stock dividend by the Company to its holders of common stock. The remaining 74 million of the Escrow Shares can be sold and assigned by the Company; provided that no less than 70% of the net proceeds from any sale shall be used to repay certain notes of the Company or redeem outstanding shares of preferred stock.
March 2014 - Feb 2015 -----> 12 Months
March 2015 - Feb 2016 -----> 12 Months
March 2016 - May 2016 -----> 3 months
Still the agreement time with Lincoln Park is not over, 30 months is not over and still the company get financed from them if the company wants to.
Enters Into $20 Million Purchase Agreement With Lincoln Park Capital Fund, LLC
During the 30-month term of the purchase agreement the Company, at its sole discretion, has the right to sell to LPC up to an additional $19.6 million of its common stock, in amounts as described in the agreement and subject to certain conditions, which include the effectiveness of a registration statement with the U.S. Securities and Exchange Commission (SEC) covering the sale of the shares that may be issued to LPC. The Company controls the timing and amount of any future investment and LPC is obligated to make purchases, if and when the Company decides in accordance with the agreement.
https://globenewswire.com/news-release/2014/03/10/616942/10071875/en/Amarantus-Closes-Warrant-Solicitation-Enters-Into-20-Million-Purchase-Agreement-With-Lincoln-Park-Capital-Fund-LLC.html
Didn't they get the promise to finance upto 20MM in Jan?.
Thank you Mr.Simpson72.You are doing a great service on behalf of all shareholders.LT should reveal what they are going to distribute to classes 19 and 22, being Trust Beneficiaries.It is too frustrating due to lack of transparency of all parties involved in this rigged game.
ELTOPRAZINE STATUS CHANGED TO ACTIVE FROM SUSPENDED
Phase 2, Multicenter, Randomized, Double-blind, Placebo-controlled, 4-way Crossover, Dose-finding Study, of Eltoprazine Safety, Tolerability and Efficacy in the Treatment of Levodopa-induced Dyskinesia in Patients With Parkinson's Disease
Active, no longer recruiting
Phase of Trial: Phase II
Latest Information Update: 25 Apr 2016
At a glance
Drugs
Eltoprazine (Primary)
Indications
Drug-induced dyskinesia
Focus
Therapeutic Use
Sponsors
Amarantus Bioscience Holdings
Most Recent Events
20 Apr 2016
Planned End Date changed from 1 Dec 2016 to 1 Dec 2017.
20 Apr 2016
Planned primary completion date changed from 1 Jun 2016 to 1 Jun 2017.
20 Apr 2016
Status changed from suspended to active, no longer recruiting.
RECENT EVENTS ESS,NEVUS AND RPDD
22 Feb 2016
Amarantus plans a phase III trial for Congenital giant hairy nevus in USA
22 Feb 2016
Amarantus plans a phase III trial for Burns (In children and In Adolescent) in USA
29 Dec 2015
Amarantus applies for Rare Paediatric Disease designation in Nevus (Giant congenital melanocytic nevus) in USA
http://adisinsight.springer.com/drugs/800041714
If you do the same for LT, i guess it would get support in north of 1000s of former shareholders.
IMHO Plan contribution assets were sold to JPMC by debtors using rule 363 of bankruptcy in a Global Settlement Agreement.These assets were sold by WMI using FDIC as the mediator using rule 363 clear of any liens, Claims, interests using Global Settlement Agreement.Its not using P&A between JPM and FDIC, this is separate sale in ch11.TPS was one of those assets.JPM had/has to pay the moneys for these assets which ultimately benefits WMILT and the beneficiaries of the trust(former equity too, one of the trust beneficiaries).
ANCHOR LITIGATION IS ONE OF THE PLAN CONTRIBUTION ASSETS TO JPM-- Which JPM says is for the benefit of WMILT....so..what about other plan contribution assets?They should also should be for the benefit of WMILT,right?
To JPMC Entities:
80% of all Net Tax Refunds, except for the Homeownership Carryback Refund Amount
of which the JPMC Entities shall receive zero
Anchor Litigation
Benefit Plans
BKK-Related Policies
Bonds
Checks made out to or funds received by WMI for the benefit of the WMI Medical Plan,
the JPMorgan Chase Flexible Benefits Plan for Heritage WaMu Active Employees,
and/or the JPMorgan Chase Flexible Benefits Plan for Heritage WaMu Retirees
JPMC Policies
JPMC Rabbi Trusts
Lakeview Plan
WMI Medical Plan
Transferred Intellectual Property
Trust Preferred Securities
Unidentified Intellectual Property
Visa Shares
WaMu Pension Plan
WMB Intellectual Property
WMIIC’s right, title and interest in and to JPMC Wind Investment Portfolio LLC
JPM SAYING ANCHOR LITIGATION FOR WMILT BENEFIT
and the Court having determined that the relief sought in the Motion is in the best
interest of WMI Liquidating Trust and all parties in interest; and objections (if any) to the
Motion having been withdrawn or overruled on the merits; and the Court having determined that
the legal and factual bases set forth in the Motion establish just cause for the relief granted
herein; and after due deliberation and sufficient cause appearing therefore;
IT IS HEREBY ORDERED THAT:
1. The Motion is GRANTED as set forth herein.
2. The Confirmation Order included the transfer to JPMC of the Anchor
Litigation free and clear of any liens, Claims, interests and encumbrances of holders of Litigation
Tracking Warrants (“LTWs”) pursuant to section 363(f) of the Bankruptcy Code.
3. The Confirmation Order precludes assertion of claims against JPMC
concerning, relating to, or arising from purported rights as LTW Holders.
4. Plaintiffs’ Complaint and the claims asserted therein are barred by the
Confirmation Order.
5. Plaintiffs are directed to pay JPMC’s reasonable and documented
attorneys’ fees and expenses resulting from defending the Complaint and pursuing this Motion.
6. This Court shall retain jurisdiction to hear and determine all matters
arising from or related to the implementation, interpretation or enforcement of this Order
Docket # 12237
http://www.kccllc.net/wamu/document/list/3853
Receiver of Washington Mutual Bank vs First American
Note worthy: FDIC National Liquidation Account
OBI: FIN 10015 Washington Mutuanl Bank,Henderson,NV
insert-text-here
Only stockholders of record get to vote?. Is this even legal?
"Beneficial Owner of Shares Held in Street Name
If on
Why not start a Petition with change dot org ?Its a great way to get all shareholders together and question the BOD and CEO.
Where is the proxy?
No SH meeting?. No RS?
Significant Failure to Deliver -- Reg SHO
Reg SHO & Rule 4320 Status
Date
Reg SHO Threshold Flag
Rule4320 Flag
May 6, 2016 Yes No
May 5, 2016 Yes No
May 4, 2016 Yes No
May 3, 2016 Yes No
May 2, 2016 Yes No
Apr 29, 2016 Yes No
Mar 29, 2016 Yes No
Mar 28, 2016 Yes No
Mar 24, 2016 Yes No
Mar 23, 2016 Yes No
http://www.otcmarkets.com/market-activity/reg-sho-otc
May be for maintaining certain assets?
https://www.corporationwiki.com/search/results?term=william%20kosturos
Agenda on April 30
10:10 am
REBUILDING AND RESTORING
THE HUMAN BODY
Broadcast Journalist moderates a discussion examining exciting new approaches to repairing and
restoring organs.
David H. Ahrenholz, MD, Former President, American Burn Association.
Anthony Atala, MD, Director, Wake Forest Institute for Regenerative Medicine; W.H. Boyce Professor
and Chair, Department of Urology, Wake Forest University.
Keith Murphy, Chairman and Chief Executive Officer, Organovo, Inc.
Marc S. Penn, MD, PhD, Director of Research and Cardiovascular Medicine Fellowship, Summa
Cardiovascular Institut
I believe this a big event and i feel good to see ESS program being presented by Dr.David H. Ahrenholz, MD, FACS with other big guys from the research field.
http://celltherapyconference2016.com/category/speakers/
Vatican Speaker David H. Ahrenholz, MD, FACS
David H. Ahrenholz, MD, FACS
http://celltherapyconference2016.com/2016/03/04/david-h-ahrenholz-md-facs/
Classes 2...16 --- 66mm
Class 18 --- 38mm
As a result, at least $104.9 million of claims senior to those held by members in Classes 19, 21 and 22 must be paid in full prior to those classes being eligible to receive LTIs or distributions on account thereof.
Golden Parachute claims going to go away soon?
NOTICE OF AFFIRMANCE OF FDIC FINAL DETERMINATIONS REGARDING
APPLICATIONS TO MAKE PAYMENTS PURSUANT TO 12 C.F.R. § 359
http://www.kccllc.net/wamu/document/0812229160426000000000001
Contemporaneously herewith, the Trust has provided notice of the
final adjudication of APA Action II (the court previously received notification regarding APA
Action I) to United States District Judge Sleet and is seeking to expeditiously resolve that matter
as well.
I agree.I was wondering about his statements about shareholder value and mis guiding the shareholders and almost lost value of shares.I am down to 10% of my investment, lost value in six figures.Whatever GC and other BODs did ethically is definitely not encouraging.