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Well I guess someone saw a chance to jump and wanted out. Probably someone who scooped shares at .09-.10 and decided to take their gain. No blame but waiting a little longer would have been much more rewarding. Volume spiked along with the price right after 3pm then they killed it with the sells.
Hope you have a quick recovery chief.
Very hard to accumulate shares here when the chase starts. Gaps around so quickly and hard to get substantial shares.
Thank you for this pill. Very much appreciated as I am very ignorant to this process. This information makes me feel comfortable on our chances here to get things done in the timeline we have.
Picked up some more this week at .12 then .10 now .13. I think things might get rolling again here. Let’s see what happens.
If it goes to trial and Cox pays, would we not have plenty enough time after a number has been determined to get our legal team involved and demand that the funds be held in escrow to protect shareholder's interests?
If he settles I find it to be problematic for us as there will not be enough time between settlement and fund disbursements. However, I think that might work out in a way for us as it will give us funds that will encourage a legal team to take the case on contingency before the big dog comes to the table (Comcast). Unless he finds a way to make them all settle at once.
Edit: Might be wishful thinking.
Your in the wrong place bud. Good luck.
It would be in his best interest to do so and in Cox best interest to take advantage of the circumstance as long as they have done their homework.
However there is an argument that it might not be in his best interest as after a transfer of funds has been made, then we have grounds to chase and money on the table to encourage a legal team to take our case. And that initial transfer of funds will only be Cox share... clearly the hog of the show is Comcast. So he leaves a lot of money up for grabs by giving us a chance to chase after receiving a small portion of the entire prize.
Might be a blessing that the Andrews scheduled Cox first and not Comcast as some of us had hoped.
I don’t see how they could unless we dragged our feet considerably on filing after the damages have been determined... I would assume the funds would be ordered to be held in escrow following a suit by shareholders. Not entirely sure about that just an assumption on logic.
If not for legal expenses then what else that would be acceptable in front of a judge?
You both have very valid points and this is why I see many roads to recovery of shareholder’s representation. It seems to me that this is very clear due to the timeline on the UO!P agreement and then the large loans that were clearly for personal gain as the need for capital to pursue legal action was probably pennies on the dollar for what was loaned.
Bentham might find themselves suing the con artists here in the future as they might not get the funds they thought they had in a bag when giving away their bags of money,
Again, if your long on this stock why does the price fluctuation matter? It only matters to those trading the stock which you have made clear your position. I'm not looking for an argument here, but you want to stroke your own ego as if you called something that happened... The market cap here is $35+ million... I mean that is grossly undervalued for the fundamentals here and the current SP does not accurately place value on what the company holds fundamentally - it is only what the market is currently valuing it at. This is why many of us make good money in the OTC because we find gems like this every now and then where there are huge value inefficiencies for a wide array of reasons. One of the main reasons here is the amount of percentage gain over the last couple of months with little to no coverage from the public yet. Not to mention investors on the OTC like to have constant updates otherwise they get nervous. Once the market cap really starts growing, then much stronger hand investors come onboard and it causes more stable price action.
A PR that explains the same thing they have already explained once a couple of weeks ago will do nothing fundamentally... might create a little more buying for the traders (like yourself) to indulge on but doesn't matter for most of us here as we are long.
$12 million for shareholders in the case of $100 million from COX or the $500 million take home I used as an example?
I know it has been discussed before, however I was wondering if anyone had a handle on the waterfall chart and potential outcomes.
For example, if COX is ordered to pay $100 million in damages which leads to the presumptive guilty verdict amongst the other MSOs raising $750 million+ in damages and future licensing to be determined - how much could shareholders expect to receive in the current waterfall break down?
Let's presume take home of $500 million in damages and future licensing.
There have been tons of numbers tossed around here. This company has assembled an impressive team since taking over control in Feb. 2021. I would say Michaels has done a very good job since taking over. They have 3 avenues right now in the BIO Pharm world - brain cancer treatment, degenerative eye treatment, and rabies. With that being said, there are many catalysts to come. The current market cap is abysmal in reference to what this company has fundamentally. If they continue to progress in the 3 avenues referenced and get clinical trials going then the price will move in a big way very quickly. This also assumes they receive financing which has been mentioned and sounds like it might already be in order.
With the share structure here, you could basically see $10+ easily in the next couple of years if things really progress. Of course that assumes there are no substantial dilutive measures taken to raise capital. In the short term they really need to get this N&S done to stop the bleeding in the short term (which is out of their hands entirely at this point as everything required has been submitted). Short term I could see $1-2 depending on the news released after the N&S change.
Very possible, but just make sure to have a core position because when the N&S occurs there will be no warning and I think this gaps and moves very quickly on that news back to all time highs. Zero change to the SS and great optimism for the future here.
It’s clearly been a pony show from the MMs while longs have been holding for months now very tightly. It’s a part of the game and the MMs will get theirs regardless.
Understood, regardless my plus one and I could make a trip out of it if things fall apart with getting a seat. I will let you know if we follow through with it.
It is rewarding to hear from a lot of the OGs again. Seemed many had given up due to the silence, but I was silent myself as there was nothing much to discuss.
I think this is a great idea as I think even if Billy were to show to the dinner he would just tell everyone what they want to hear. Seems he has shown his colors already. There is still options to make this right but I have very serious doubts this will be that easy. I think it's a great idea to make sure he gets the petition, as of right now he can claim ignorance to shareholder grievance at a later date when we pursue what is rightfully ours.
Agreed, just irritating and needs to be put in place sometimes.
The message I've been pounding here since the weekend and it is an unsuccessful effort. Don't waste your time.
Some would rather management coddle the shareholder. This is a sign of a trader, not someone holding to $5, even less so a $1.
I am seriously contemplating joining you all if that would be okay. Would you all be staying through the weekend or going home after the dinner?
I will refrain from the back and forth any longer, you've shown your inability to understand value when you see it and that's been clear with the constant misinformation you post.
We ourselves are down 50% from the top... not like we have escaped.
The inventors have agreed to attend dinner?... Very interesting.
As for Billy he seems like the type of guy to tell you what you want to hear. Whether he shows up or not is one thing, whether he decides to do what he says is entirely different. Regardless we have options and resources to pursue those options as a group and I think that has been made abundantly clear over the last couple of years.
By the way, apologies for my absence from PMs as I do not have the ability to PM. But know that your messages dont fall on blind eyes. Still looking forward to meeting the gang when this is all over with.
If you don’t do it for yourself, do it for Goodbuddy.
There is strength in numbers. And Carter made a mistake here especially ousting an insider that put us on to his game with her own suit. He could still make good on this mistake but it seems he would rather take the tougher road in route to ultimate greed.
I get the importance of constantly pounding the table that this stock will crumble. IE: “next target .40”. Since then it’s been blue skys. But yikes still here pounding the table. Seems like someone is really worried.
Thank you long. You’ve been a great calm and constant contributor to this board, even in the very slow times. I think it’s safe to say many UOIP holders have written this one off due to the crooked guy at the top, however I wouldn’t write this one off, I think there will be some serious justice served at the end of all of this.
By the way the Judge seems very fed up with the continued delay tactics here and seems ready to put this one to bed. Another month until judgement day.
I mean I put faith in the words of a poster here that was chirping this weekend thinking some positions would be liquidated and drive the price down some. Guess it was all talk.
I was hoping for a dip below .10 today with all the chirping over the weekend. I ended up giving in and adding at .115 and .12.
By the way looks like yours truly took his ask off at .125 and sold into the bid after buying at .12-.14 last Friday lol. After claiming ultra success over the last year being up $5 million. This gets funnier and funnier to watch.
It's pretty easy to read the writing on the wall when you go through the posts back and forth between him and I over the weekend. Nothing has changed with this ticker from .24 down to .12... What does that tell you? Just a couple of nervous nellies playing into the MMs hands. Even if this goes under .10 there is no need to worry if you bought in here for the long term.
Good luck to you
10/10 post.
As I have been saying for 3 days now constantly, what can management say at this point that they haven’t already in official PRs. As I said many traders at this level want to be coddled with constant updates. And like you said promotion normally is a bad sign of underperformance searching for any way possible to hold on to shareholder interest.
Quite clear who has become impatient holding what they thought would be immediate gains and their narrative has changed dramatically in a short span.
How does management make up for a government NFP organization not being timely with their responsibilities?
Please don't say by updating shareholders why it hasn't happened. They have already done so - so why continue pounding the sand. They made it very clear, this is in FINRA's hands now. If your uncomfortable or no longer faithful in management then leave and move on. Simple.
So your of the position that management should start giving updates on the vouchers/any substantial news under the CTYX and Connectyx name rather than wait for the official name change to start releasing PRs?
I in no way am guaranteeing there will be immediate updates following the official name and symbol change, however it makes little sense to release news and update the public under the old name and symbol. Especially if the name and symbol change is imminent.
You keep including the “pain” in your posts as if your changing my life lol. Anyone investing grocery money in a pink sheet needs their head checked. And as I said I’m waiting for a fire sale if it ever comes so I can make out like a bandit again here. Doubtful that there will be any fire sale because your just buying and selling and we all know it so it’s not like you have tons of shares to dump. And anyone who buys $50k worth of shares on a Friday and then gets their feathers tussled on a forum into dumping those same shares at a loss on Monday isn’t very bright themselves nor would that be the behavior of someone claiming loads of success on the market lol you give plenty laughs here Sykes wannabe.
I’m not sure why you would think any differently when you bought than you do now. Yes the loss sucks to see in you account but if it truly isn’t that serious to you then why would you think about selling? As stated many times over by numerous people besides me, why does management need to coddle the shareholders with updates every week repeating the same things? The name change is out of their control and this has been made clear already both officially and unofficially by management. What more is there to say?
In other words everyone please beg the troll to hold. Lol what a clown I love it. And I hope this happens and I hope your peons follow suit so they can learn some lessons here.