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ARFXF is looking good based on solid news releases over the last 2 months as well as due diligence shared on stockhouse board
They have a 50-50 JV called immusafe that is about to launch its first product- a COVID serology test that claims to be the best in class. details at covidimmunitypassport.com
They are scaling up production of highly selective antibody for Alzheimer's treatment that is a lot better than Biogen's aducanumab. They should start PhI trials this year and recently attracted a $7M investment from the owners of the Boston Red Sox and New England Patriots who have close connections to Alzheimer's cure development. The director of their scientific advisory panel is a bigshot from Harvard.
As far as pennies go- this one is closer to gold than copper. do your own research. These are my personal opinions and not financial advice.
promisneurosciences.com
I concur that PR was strange. Someone went on a buying rampage on spzi and it was not due to anything with the previous management.
Perhaps Paul and Errol are just trying to get it current to ensure a clean transition, and perhaps legally they need to say they are starting back up in a manner consistent with the original charter.
I still see this as a reverse merger. Paul is a really smart guy and knows the game.
The statement in the PR that I really did not like was that they have in no way benefited from the buying activity.
Yet they stated that the buying activity was literally why they opened up their doors, i.e., it clearly had some benefit to them. My guess is what they intended to say was that they did not sell any shares or take any money (yet).
I'd like them to disclose how many shares they have.
Ride freebies on this one, don't bet the house.
I'll join you in that Pappi. Good to see you again.
I'm getting some weird bouts of deja vu reading through these posts from today.
my best recommendation is buy low and get your investment out, ride freebies. This crazy train has an unknown destination.
glta.
I think that Spooztoolz did in fact work before.
Back in 2007, I cold called the Bloomberg Professional Services trading division and confirmed Spooztoolz was slated for deployment by Bloomberg. That was not announced anywhere.
I think the issues came about with John Unwin having a hissy fit and screwing us over. Perhaps there were some technical glitches not discussed, but I feel like it was inches from a grand slam (100 bagger) back in the day.
Peeved, It's either bullish or bull**** haha
We'll find out I guess.
This is probably the oddest PR I have ever seen.
Well, we saw 10,000 shares get bought at 0.0001 and decided to reopen our doors after being closed for 13 years.
How could people buying shares help them re-open their doors and update a product if they claimed they have not benefited financially. Unless they do financing. Which would be a flop. Everyone would and should bail at the first sign of any dilution whatsoever.
The PR indicates the buyers are unknown to the management.
I thought and still think this has to be an RM situation. Someone went on a buying rampage on this one. The shell is being brought current.
I wonder if the mere threat of restarting the company will inspire a buying rampage by the shell seeker tomorrow?
It is interesting that Paul said they did not benefit in any way. If they still own shares, then they have certainly benefited, whether that gain is realized or not. If they don't have any shares, what happened to them? I don't recall there being any BK filings and liquidations of assets in exchange for priority shares. We could go back and see if they sold shares in 2008.
Bottom line: I am one of the so called "patient shareholders" and have no idea what any of this means in reality. It's hard to take at face value. That doesn't mean it won't pan out into something good, or that SpoozToolz won't get plugged by Elon Musk for trading his Dogecrap. It just means I'm utterly confused by this situation.
GLTA.
I don't think we are becoming algorithmic trading... I think the link in a previous post about that SEC filing in CA was for Algo Trading (not even the same name). Paul is in Florida.
The emails from Paul look real. I am not going to assume he has any involvement with the next step. For all we know, he is just vacating the shell and knows that associated filings are coming. He may have even kept the company on the grays and not gone BK just so he could vacate the shell at a profit someday.
Whoever is moving in has been plunking down millions to buy the shares. Hard to tell how much with all the froth generated by the speculators.
But Paul knows what is going on and indicated we will all know soon.
That's more than I knew over the last month, and I'm good with that step in the right direction.
I don't hate Paul.
I do however feel like we got screwed over by Spooz and ONCP in the past, and a guy named John Unwin in particular who took some core components of the spooz platform into a private venture and probably did quite well for himself.
Perhaps Paul and the rest of the team will be making amends. I am okay with that.
Perhaps they see this as a way to raise capital for another related venture. Given the o/s and track record, I doubt that would be successful. But seeing the insane volumes traded here on literally no news, you never know.
I'd advise caution until we know more. I was personally hoping for a reverse merger with new owners and a new business. That is still entirely possible, as Paul would likely be involved in the handover of the SPZI shell (filings, etc).
that would imply a market cap near $15M at the peak this morning.
on zero news/filings. quarterly filing needs to be submitted soon, right? if they want to be current...
Pink Current Information Tier
Companies that make the information described below publicly available on a timely basis (90 days after fiscal year end for Annual Reports; 45 days after each fiscal quarter end for Quarterly Reports) may qualify for the Current Information Tier.
I think it is 6 months of for the limited information tier
I think it is 4 days for major events (change in ownership etc)
https://www.otcmarkets.com/learn/reporting-standards
OTC Ticker: $ARFXF ProMIS Neurosciences (PMN in Canada)
Current pps: $.15 Market cap: $46M
Bottom Line Up Front: ProMIS established a joint venture last year with BC Neuroimmunology, and it appears they may be getting ready to launch the product in Canada and US via the following site:
https://covidimmunitypassport.com/
BC Neuroimmunology is a private company and they are listed as the serology testing partner.
Last year, PMN and BC Neuroimmunology (BCNI) collaborated to develop a new COVID antibody test and formed a 50-50 joint venture. From PMN filings last year:
"The second JV (JV2) will provide highly sensitive and specific serological assays for the detection and characterization of antibodies to the SARS-CoV-2 virus that is responsible for COVID-19. The Company and BCNI each own 50% of the JV2."
The joint venture is named Immusafe Labs and is detailed on its own website (currently under construction, but was available briefly for viewing last week) immusafe.com
Another member of this forum, Trek, noticed a similar product from a company making COVID immunity passports. covidimmunitypassport.com BCNI is the the provider of the immunity test kit analysis services, and Immusafe Labs is mentioned on the site as the means by which BCNI commercialized the technology for physicians and patients. the kits can be used by physicians but there is also a DIY kit that seems to be the focus of covidimmunitypassport.com I saw similar kits on the immusafe website when it was up for a brief time.
The price point on these kits ranges from $200-$450 for a single test. The kits appear to be simple and low cost to manufacturer, and the analysis happens when the sample kit is sent back to a certified lab.
There are two labs currently known to process the samples (BCNI for Canada and North West Pacific for US samples).
The test kits are described as nearly 100% selective and specific on the covidimmunitypassport site.
The annual market for COVID serology kits is estimated to be $1B and growing, and in my opinion, it will grow due to the large amount of uncertainty about these new vaccines as well as the wide range of variants popping up around the world, which is only natural given the scope of the pandemic.
So far, PMN has been quiet about these developments. My guess is that they are wanting these two companies (and possibly other non-exclusive licensees) to lead the marketing effort once everything is up and running.
So hopefully some big news on this one soon!!
seems like the dragon has re-awakened with a voracious appetite.
hopefully getting its fill soon
if this is indeed a RM situation, then hopefully we will see associated filings soon, given that it is quarterly reporting season.
Given the SPAC news hitting the hedge tonight (SEC making life harder for SPACs), it seems whoever is potentially reversing into SPZI saw it coming and went old school.
so if we are looking at a reverse merger situation... smart cookie moving in.
just my opinions. basically guesses at this point, but that's all we have.
Brodie I am in the same boat
XLM since .08 and sitting pretty, soon prettier.
SPZI is just a pleasant surprise and I still view it as money down the drain. I'd need the pps to hit .005 to get out clean.
my guess is buyer will return once volume dries up at these prices
who knows though
weekend reading on reverse mergers
https://www.sec.gov/investor/alerts/reversemergers.pdf
mentions that an 8-K will be required (timing unknown) in the case of a public shell reverse merger.
why would an institutional investor w/ $400M that owns AAPL Allegheny Technologies, Inc. (US:ATI) , AT & T, Inc. (US:T) , Citigroup, Inc. (US:C) , Oracle Corp. (US:ORCL) , and Bristol-Myers Squibb Co. (US:BMY)
also hold SPZI? Makes me feel better about my investment!
I was not able to track down when they bought SPZI, possibly as early as NOV 2020, but it would appear that something is definitely up!
Hold onto your hats.
I sold 500k. Planning to hold the remaining 1.8M. But will take it day by day. Glta
Hoping for $.01 today, or maybe this week... that would be awesome!!!
There is no basis for the above hope other than the absolutely wild runs on the last two days of trading... which is good enough for me!!
GLTA!!
SPZI now at .0032 !!!! anyone know why? craziest 2 day run I've ever seen. .0001 to .0032 in no time for no known reason. what happens next? tune in next week! :D glta
potentially a reverse merger situation, but as far as I can tell, nobody has any clue as to what is going on here.
If it is a reverse merger, the new majority owner would be a shareholder of the private company that is taking over this shell.
Once they have ownership, they would have control of policy and fundraising tactics, within SEC regs of course.
If there were too many spzi shareholders with diamond hands, not selling, then the company might want to do financing to their friends, but that would risk their control. I don't think they can issue financing to themselves after taking over without getting in trouble with the SEC. They could compensate themselves in shares, to dilute a bit, but I think there are probably limits on how much a company can do that. Not sure though.
As we saw with the previous management, the little guys will get screwed.
If this a RM situation, a lot will depend on how deep the pockets of the buyer are, their revenues and corresponding IPO costs that they are trying to avoid, and their timeline for going public.
I'm planning to hold until I can clear my original investment by selling 50% of my 2.3M shares. Then ride the rest to whatever crazy destination is in store here.
$1.42M traded today... Not sure how many of those were the big buyer.
And IPO costs correlate with the size of the private company... Some IPOs cost over $30M.
Anybody's guess at this point!
Glta
An average IPO cost is $16M.
https://www.ipohub.org/costs-going-public/
I think we may be looking at a reverse merger situation here
. In a standard reverse merger, a successful private company merges with a listed empty shell to go public without the paperwork and rigors of a traditional IPO. The shell is usually a remnant of a previously operational public firm or a public virgin shell formed to combine with a private company.
Nice! Good luck to you!
Wasn't there a guy named wingwalker who used to post here like 10 times a day? Hopefully he recovered some as well.
I still have 50K of ONCP... think that is basically nothing relative to the o/s there, but I can't remember how bad they diluted that one
and most of us old timers lost enough that we're still in the red here! I was dumb enough to buy this all the way down to the .0002 levels, had 20M shares at one point. liquidated all but 2.3M at .0001.
Back in the day, the company tech was actually quite something. we just all got screwed and the tech went private. perhaps they've made so much money in their private ventures that they're buying back all the shares. I'd be good with that, just keep buying us to a penny and i'll be really good with it.
I'm gonna ride 2M of the 2.3M I have left... too interesting and strange to step out. I'll probably sell 300K to recoup some of what I lost back in the day, which was about 4K.
Who knows, maybe this is a reverse merger and the new company will trade at a buck out of the gate... or maybe it is the craziest P&D ever.
roll them bones.
I could not find his old email but did track down a contact form at his new outfit in FL. Looks like he is still doing algo trading, mostly for private high net worth clients. (probably using spooztoolz :( )
I'll let you know if I hear back from him.
https://www.linkedin.com/in/paul-d-strickland-jr-8551091
This one is more current. I'll see if I can get in touch with Paul
https://www.linkedin.com/in/paul-strickland-a3080a9
I am not on LinkedIn but this popped up on Google with Paul listed as CEO. Can anyone see this profile?
This run is wall street bets (reddit) worthy, haha
The only things I can think of that would bring this ticker back to life are:
1. Lawsuit against John Unwind for sneaking off with our tech and making who knows how much with it...
2. Somebody really wants SPZI ticker and doesn't mind paying big bucks to take over the company... Didn't we do that with ONCP back in the day? Reverse shell?
Any other ideas?
Resurrection week!
What in the world happened today! I hope you all are doing well. I still had 2.3 million shares that I was not able to sell. I could not figure out why my portfolio went up a bit today, and then I saw the miracle! Wish I had kept my other 18M shares, but I'll take anything at this point. HODL y'all!!!!!
What in the world is going on here? Not sure, but I like it!
Hag,
I have not been keeping up lately and appreciate all your insights.
I will continue pinging mobat and enersys with emails on the topic.
Closure would be good. Recovery of some funds would be great.
Take care.
and yet the stock still trades today. odd, no?
I am aware of the history. I just thought these links to people/organizations involved in LTHUQ's legal process might be worth looking into for more information.
One guy appears to be campaigning for a judge position. Certainly he would not want to be portrayed as screwing over shareholders. Perhaps he might have some useful information.
I think all of us just want to know why we never saw revenues commensurate with the value of the intellectual property that was purportedly owned by the company. And we also want to know why that valuable IP was just given away with no disclosure of its worth as part of the bankruptcy proceeding. And is there still a battle going on regarding ownership of that IP? Who is fighting it? Are they fighting for us, or just themselves?
It is unfathomable that this company went belly up during the lithium battery boom that we all saw coming. We were lied to. We got screwed. Someone needs to provide some answers. When I am in a position to do so, I will look into this situation and hold those responsible to account. Unfortunately, that time is not today.
https://www.hugheshubbard.com/practices/renewable-energy#Experience
A shareholder of Lithium Technology Corporation, a global manufacturer and provider of rechargeable energy storage solutions, in the negotiation of a Governance Agreement pursuant to which several directors and officers were replaced.