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That is a fair point.
If some value that is ridiculously high (per today's share price) was the basis for the compensation some would accuse him of either pumping or abusing insider info.
Go IPIX!
I'd probably be ok with a $20 buyout.
Only if it comes before Thanksgiving though.
After that it becomes $30.
Go IPIX!
Even with $1B cash, we would immediately need BP logistical expertise. Just hiring a team would take months.
$1B in the bank would certainly mean more favorable partnership terms though.
Go IPIX!
I also have no problem with Leo getting $40M if shares are at $20 (That's only 2M shares). That's also 71x yesterdays close.
If he gets $40M on a $0.50 buyout that's a big slice of the pie.
We need details.
Well you're talking about success that is 5-10x our all time high market cap that we have yet to achieve.
Part of the problem is he and the directors got together and put this plan together right at the cusp of apparent success.
Isn't his $400K+ salary and the resulting appreciation of his millions of shares (at $10B market cap it will be 10's of millions for Leo on his free shares)?
The problem is he put the plan into place with no vote from shareholders. He maintains his block's voting majority in a ridiculous cycle of compensation plans.
The sheer scale of opening up the possibility of 200,000,000 shares (almost half the current company) being awarded is just crazy. The previous plan was 20,000,000.
Nutty.
Go IPIX!
Agreed. It will be a BP that partners with us. We need more than money to get things up to speed quickly if results are good.
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We would have been purchased already without an urgent need. People wouldn't have liked that one very much though.
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If they get us to $5 and want to pretend COVID success is theirs...whatever.
If they get giveaways for $0.80 and another AlfaSigma deal I will be pissed.
Go IPIX!
They already pay their salaries in cash.
This is performance based bonus compensation.
Why do they deserve bonus compensation with the track record they have?
Who determines that?
An apt comparison thus far. Lots of really cool designs but none of them materialize into a flying machine.
If B smashes COVID it will be a fortunate accident for Leo.
Go IPIX!
As long as they performance bar is very high.
I don't want to see Leo getting tons of shares for getting the stock price back to 0.80 while my $3.30s are still under water.
Low bar performance metrics and share giveaways simply shift all the burden of dilution these past six years off of Leo and onto earnest shareholders.
Do right by us Leo.
Go IPIX!
Smart, big money buys after the TLD.
$1 to $5 with a 90% chamce of success is much more appealing than $0.25 to $5 with a 50% chance of success.
Tutes and Robin Hood can't buy us on results day so there is really no hurry unless you're gambling for bigger returns.
Half of us are stuck here because we have to make back money on our 2015 shares.
Go IPIX!
I think everyone is looking for an end to this two-year limbo.
Balanced on the edge of death and ressurectuon.
Will TLD be a Phoenix rising from the ashes or a final mercy killing?
Hoping the fiery bird flies free but anything will be a release from this six years of financial hell.
Go IPIX! For the love of god, please go IPIX!
Extremely exciting. Maybe Monday?
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Every one of those milestones better have a share price of $5+.
There should be no stock giveaways to this CEO nor this board of directors without first putting every single share of IPIX ever sold in the green.
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This is insanity.
225M shares is over half the current company.
Directors will only be awarded a maximum of 5M shares per year?
You're watching the OTC in action here folks (not you LR)...and you're cheering for it?
Goodness I hope these results are so huge so we don't feel the IPIX team taking it to shareholders without lube.
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It's so sad.
He wants that bigger percentage of the pie back before the buyout so he just gives it to himself at our expense with the rubber stamp of that lame board of directors.
As if his massive pile of granted shares and fat salary hasn't been reward enough. And for what? Getting dumb lucky that COVID came along and saved our bacon?
And yes I'm an IPIX bull but it's just ridiculous what this guy is doing. All these people saying "Leo has skin in the game"...this is where his skin comes from...he and his board of directors just prints it up from your share.
Rooting for Brilacidin and IPIX. Tired of Leo Ehrlich. Hope he makes it worth our while.
Go IPIX!
I hope youre right about #2 but I believe the bar is simply that
It is safe.
A doctor wants it.
The company wants to provide it.
I dont believe the FDA has any efficacy info outside of preclinicals.
I wasnt referring to side effects. I was referring to efficacy.
As you said its easy to bathe cells in a test tube. Its much harder to achieve the same dosing in a human. This whole trial is about whether our dosage is high enough to show efficacy.
IPIX went from $0.15 to $0.64 on their lab results. Then in typical IPIX fashion they took eight months to start a trial where they dosed 60 patients in Russia which is taking another eight months to get TLD.
The stock price is held back by financing pressure, lack of credibility in the company, lack of company structure, etc.
Monetization fixes all that.
Go IPIX!
Well I can't source a potential future fact. A few questions should help the assertion though.
1. Would you care to explain how much higher the dosage in the preclinicals was compared to what we are limited to in an actual human being due to the need to keep side effects to a reasonable level?
Have you done that math?
2. Since we're targeting moderate-severe patients who have already peaked as far as viral load goes, the antiviral portion of Brilacidin (what the preclinical data is) may not be that important as the anti-inflammatory mechanism.
3. If #2 is the case, what data do we have to believe that Brilacidin's anti-inflammatory effect is going to be sufficient at the dosage we are limited to? Also, why would Brilacidin's anti-inflammatory effect be better than the dozens of other anti-inflammatory and steroidal drugs we have thrown at COVID?
Those are just a few of the very uncomfortable questions that linger for me as I hold way too much IPIX into the pending TLD release.
There is a very real chance we will miss the dosage curve and won't be able to crank it up much higher.
There is a very real chance Brilacidin simply won't work that well, much like every other drug that has been tried.
Don't discount the significant chance of failure out of convenience. It is there. If you choose not to manage that risk, you might get lucky, you might not.
People should own some IPIX for the lopsided payout to longs, not that it is a sure bet.
50/50 chance with a 10x payout has a place in every portfolio. You don't bet the house on it though.
Go IPIX!
Well I certainly hope you're right but I don't think we crack $1.00 without monetization.
Cash on the barrel head is what restores all credibility to the company.
Go IPIX!
I could only imagine the look on their faces when they short into the teens on Friday 10/29 and then have to buy back at double the following Monday.
They don't need to worry. I have lots of shares for them to cover with. At $2.
Go IPIX!
Oh? When has IPIX ever gapped up over 100%...or in the case of your prices...nearly 200%?
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Yes, hence heading into Halloween weekend without results would lead to disappointment.
Imagine the stock price dribbling into the teens on Friday 10/29. The data surely bad and being buried. Then bam! Good data released on Nov 1. The stock could surge past $0.50 with reckless abandon.
It would be a sight to behold.
Go IPIX!
November 1 is coming fast. I expect the hat trick...disappoint with no results going into Halloween weekend and then land the jump scare on the shorts Monday Nov 1.
Load up and be ready. IPIX could go up 50-100% on results day alone. It will be a wild ride.
Go IPIX!
Coming by Halloween. Could easily double or triple on results day.
Go IPIX!
140% gain inside of two weeks is a disaster? Wish I had your trades.
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$0.55
To IPIX!
I'll also bet she doesn't work for options in a pink sheets company.
Here attorney, let me pay you in options to buy shares of my non-lifestyle company.
Go IPIX!
You don't believe Reuters is in on the conspiracy to tank IPIX in favor of dangerous vaccines pushed by big pharma?
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Why are Brilacidin's anti-inflammatory properties going to be so much more effective than any of the many other anti-inflammatory drugs/steroids that are pushed on COVID patients?
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It's bringing in $10B/year. It's the most effective option available at any stage right now.
Brilacidin will probably work similarly, good on moderate, not so good on severe. The compassionate use cases we have heard of so far are questionable in credibility but also in results.
Go IPIX!
What is the emergency need for Brilacidin? REGN antibody treatment works great.
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Unless they botched the dosage.
Was that 1 cup Brilacidin, 2 cups water? Or 2 cups Brilacidin, 1 cups water?
Well it's a dire patient so let's double it up.
-Guy who never reviewed B-ABSSSI Phase 2a.
Go IPIX!
No TLD: $0.21-$0.28 possible lead into the high range toward next week in anticipation of October release.
TLD: $0.05-$0.80 depending on results.
Go IPIX!
Ashcroft Law Firm? You mean the guys dumb enough to accept underwater CTIX options as payment for work?
They did their job, defended CTIX/Leo's honor, got the court case dismissed, and then watched the stock plummet from $1.80 the day the case was dismissed to $0.06.
I don't think they are going to stick their neck out for IPIX again.
Go IPIX!