I will add a few things as well:

Simes got the BIG FU from ANI. For him to get a 2-3 million parachute nothing other than a TERMINATION for failure to deliver. He was probably looking at 10x that amount with a successful Libigel study and approval.

I believe that Abbott pulled the plug on a deal after the failure of the efficacy study.

Now we know why further safety studies for Libigel were discontinued- to conserve cash for the ANI deal.

The voucher Libi thing is a gimmick to cover the FU we are being given in this deal. Those vouchers will be worth precisely NOTHING when they cancel the Libi program. Maybe Abbott will come and buy the Libigel program, thus only paying further study costs if they deem it worthwhile. And they probably specifically did NOT want Simes involved in any way, shape or form as well- so he has no friends right now. They are probably PO'd at his failure to deliver to them.

ANI has a different mind set. They are producers, not developers.

And those vouchers probably will not transfer in the event that Libigel is sold off to some other company.

The only good news that I see is that we will have stock (albeit heavily diluted) in ANI which could prove to be valuable over the long run. But I would think that it would be a break even for most of us, taking years to reach those levels.

Nutter, Jeff, and Facts Maim,

At this point you guys have a 100% track record of being right ZERO PERCENT OF THE TIME with your predictions. I question your motives here with your cheer leading right off the cliff for investors.

FOR THE REST OF YOU:

If Simes is truly cast out in this deal, then he is exposed to litigation and we can bring a civil suit against him which I heartily recommend.

Also, TANG is up to their a$$ in the screw job we got and I think we have a case against them for double dipping. We might even be able to do something about the apparent coersion of them forcing BPAX to sell them stock to short in the market against us while forcing the company to issue shares at BELOW MARKET VALUE. There could be a RICO charge buried in there somewhere.

The BPAX BOD let this happen which is another liable party not exercising fiscal and fiduciary responsibility on behalf of the share holders.

We might be able to find a law firm on contingency for this.

The biggest step all of you have to take is the understanding that you have been royally screwed and things are not going to get better by sitting back and waiting to see how things turn out. These guys are gutting YOUR company and taking the pieces for themselves.

ANI for all we know, bought BPAX to prepare for GVAX production in the coming years and also for the FREE 40 million dollars that were just GIVEN AWAY to them.

Simes is a failure and, in my opinion, a CROOK!

Like another of my predictions, I told you that someone (possibly TANG) was going to try to gut the company and sell the assets.

Well, while we all get Libigel 2 for 1 vouchers, they are taking everything including the cash. My guess is that Libigel is dead. The only hope for it will be if the FDA reverses its decision on the boundaries of the efficacy study. But that is a true hail mary. No agency wants to admit they screwed up. And I believe that it was BPAX that screwed up the study anyway.

Feel free to disagree, but I really don't think there is some secret pot of gold that BPAX is going to pull out for us. They have been literally eaten by a smaller fish. That should tell you the state of affairs.

ANI does not want anything to do with the direction of BPAX, only the cash and assets as they see them.

I believe this because I really think that some company like Abbott would have bought them out already -especially with a low ball offer, if they thought there was anything imminently viable from BPAX. If there was such value here, it would have been taken.

But ANI sees a cash position and maybe some future production that they can leverage while the GVAX trials are totally paid for by Hopkins.

Libigel is a 30 million dollar liability that they will probably just kill. Otherwise, you would not see Simes and co being given the golden parachutes.

Hey, if I thought there was no hope, I would have sold out today. There is little hope, very very little.

However, two things strike me- first off, there was not a huge selloff today coupled with yet more hit pieces.

Secondly, although I totally discount this move as anything other than a survival move for BPAX due to massive failure in doing the efficacy study for Libigel properly, this company could provide the capital needed to move forward. And they want to be publicly traded and they want to make money off of this.

What remains to be seen is how deeply we are put underwater while they set all of this up. Also, we don't have time frames other than a few years to do a new study for Libigel.

So, at the very least, now we are locked in to the future unless this company gives us a tender offer for our shares. This is a long term investment or a 'cut your losses' now kind of play.

I really do not know how the Libigel voucher works, but I had a funny image of a clip out coupon good for one tube of Libigel. And no doubling the coupon!

That about sums it up.

As I predicted, when the buyout came it would be for pennies on the dollar.

Simes failed the shareholders and screwed them. Now he will sail off into the sunset with his golden private parachute.

The new company owns the majority of the new entity which means we are on the outside looking in. They can do whatever they please. And I am SURE that will not be in our best interests. If BPAX had retained majority, I would have seen this differently. This was a hostile takeover to mitigate other even crappier hostile takeovers.

The gambit failed. The rainbows and unicorns horseshite that we have been listening to by our 'dot connectors' has been a huge waste of time.

All that remains in the paperwork. There will be no competitive bid as it would have happened already. Abbie V might have had interested but did not have interest in paying out a huge sum to share holders and then turning around and funding a 30 million dollar study on top of that.

They would have baked that cost into their offer.

I told you guys that BPAX made a 30 million dollar mistake. That was 1.50 out of our pockets and a death sentence to continue operations.

Simes himself said in an interview a while back that he thought the company should be worth about 500 million.

JPM valued the company at about 600 million with Libigel working.

I think it is entirely possible that Abby will purchase BPAX for about this number and roll it into their spinoff.

That would make the buyout approximately 25-30/share BEFORE any additional dilution.

Those are a lot of "ifs". But if we see the stock slowly rise to the 4-5 dollar range by EOY, I think we should be on track.

It could explain the forced conversions by Tang now. It could also explain why Tang bought higher before.

How's that for wild speculation?!

Support the theory that they have "top men working on it...Top men."

False alarm. We are still funked. Everyone go back to sleep and check on this in another 30-60 days. Feel free to keep speculating without any real substantial facts though...

For once I am inclined to agree with you! This is critical support levels here!

Well, this is a nice change of pace. I hope it holds up. I wish our illustrious company would spit out whatever it is already.

Well, you know, there are only so many dots to connect and prognosticate on without pesky facts to get in the way. After a while, it just becomes like summer reruns...

So, is this another head fake to suck in new investors? Hopefully not!

What kind of news could be imminent otherwise?

"You people still want to believe it was once $60 - $70 stock before?
THAT IS NOT TRUE. this stock never saw ......$5.... yes five bucks R/S did the rest. Today's PPS for original investors
in BPAX? $.085, Yes, eight and half cent. WOW!!!!!! "

Yes, I too fell for the dot connecting bs. But we can see every single day that BPAX is dying by a 1000 small cuts- many of them inexplicably (to us) self inflicted.

But I have to ask you Win, you once told me to chill about all of this. Now it looks like you are finally concerned as well.

I think we are simply screwed until 18 months from now. And until then, we will be diluted into oblivion.

MY dot connecting on the premature reverse split:

BPAX screwed up the efficacy trials, thus pushing all merger plans BACK 2 YEARS. Once that happened and became public (the efficacy failure), they opened the door for the wolves. It became and continues to be a short festival.

Absolutely NOTHING these guys say means a thing unless they say something like- "We are being bought out for 500 million", which was a number Simes used in the past in an interview.

This is why the price goes down every time they open their mouths. Nothing in hand to back them. So good news is just a blip on the radar. And their Bio-T-Gel situation is just as ludicrous. No way to publicly let the world know they are going to get milestone payments. And even if they do, we have NO idea what they will be as they never did tell us.

If I were a new investor right now, I would check back in 18-24 months. Forget about the next year and a half. What we have to look forward to is 1000% DILUTION.

And yet, many on this board have Stockholm syndrome about management. THEY DON'T CARE ABOUT THEIR SHARE HOLDERS. I don't think it could be any clearer in their actions compounded by their MASSIVE EFFICACY STUDY SCREW UP.

Who gives a flying turtle about patents, and employee exchanges, and the future (2,3,4,5 years out). We, as share holders will probably not be around to see it because we will be diluted so far into the hole that if we get 10% of our original investment back, we will be lucky.

This company is, for all intents and purposes, bankrupt. It does not have the cash to survive without dilution. And like any Monopoly game will show you- they will have to sell of their assets to keep going. No one is going to step up and offer all kinds of cash when they can drive this company into the ground and take what it has of value for PENNIES.

I am waiting until January. If nothing happens (which I heartily predict- please take note dreamers). I give your predictions about a 10% shot (and only after a few shots of rum). If this magic merger does not happen, then I am out with whatever losses I took. And that is only because I, like others, were trapped in such a large down draft.

This company is most likely never going to amount to jack squat. They already blew it. There are other opportunities out there. Give it another 3 months and then get out.

You got it!

"I don't think management made a 30 million dollar mistake, they were told by FDA to provide counseling to the ladies in the control group for sexual dysfunction and the counseling worked."


These scammers probably hired Dr. Shaffhausen to the do counseling and it backfired LOL!

Professor,

Do you actually read some of things you are posting?

You can spin anything you want without having to prove any of it. Why would anyone agree to delay a revenue stream if the company bringing an infringement suit had no case???

The reason we are at these prices, manipulation aside, is because BPAX has NO REVENUE streams. They have no way of making money in the near term. They finally coughed up the fact that they will be making more offerings which will further dilute our holdings as share holders. We will get them without warning and at the worst possible times and on the worst possible terms.

Why? Because BPAX management is incompetent and made a 30 MILLION DOLLAR MISTAKE. And that opened the door for the wolves. I would suggest you start thinking in terms of Occam's Razor and not Stockholm Syndrome.

This speculation and dot connecting of yours and others here has gone beyond the pale. This last completely outer space viewpoint you have to rationalize the Bio-T Gel silence is too much.

Seriously...

Don't worry, you will soon be accused of being a stock broker who is trying to manipulate the stock down.

Or you will be accused of being a whiner for addressing the same UNADRESSED issues.

Or you will be addressed by the fatalists who believe that they are smarter than the average bear and that all the over the top manipulation of stocks is ok and we should all just work around it.

Or you will have your same concerns briefly stated by the pumping guys in their vie for "keeping it real" while they sit there and connect invisible dots.

They will ask you questions but will not answer the ones you pose for them.

So, you know, only one type of opinion is allowed. You probably remember your grade school days. Nothing has changed here.

I think that Sunny guy really put out a nice action/counter action from BPAX to suppress their own price every time something could have been construed as good.

How many more private placements are we going to see between now and the promised land?

BPAX told us the machine was for their trial users, not for commercial production.

They pushed their safety data reporting back- or at the very least, mis reported when it would be available.

And based on how things have gone so far, I am sure they will announce positive data only to follow that up with a 10 million share placement at $1.25 with options for 5 years- ok that is conjecture on my part but much closer to what will most likely happen than this pie in the sky stuff.

The bottom line is BPAX management is working AGAINST share holders. What's wrong with this picture?

If people want to stick their head in the sand about it, then there is not much we can do but sell out or ride it out. But that doesn't cure the stupid...

Good news? Really? So getting 3 million in change does exactly what for us? And how much does it go towards a flubbed efficacy study "redo" which is going to cost another 30 million.

I told you all Simes was a crook.

I am beginning to see how this game works.

1. Stuggling Biotech with sell-out management gets in bed with carpet baggers.

2. Management makes sweetheart golden parachute deal with said carpet baggers.

3. Carpet baggers naked short the stock.

4. Carpet baggers (with management's cooperation at SHARE HOLDERS expense)- get management to issue shares to cover at current or below market price.

5. Carpet baggers "double dip" by making their money on the way down. Then, assuming anything actually comes out of the pipeline, they ride it back up and have controlling interest.


He Jeff, maybe you can connect some of these dots?

Professor?

Anyone?

No no no. That would actually put the whole puffy theory at risk...

To answer your question Jeff:

No, I am not a broker.

Yes, I own a position in BPAX.

I gave you the benefit of the doubt but I can see that you just want to see things through a very narrow narrow prism which basically will make you useless in the battle the come. So be it.

Feel free to put me on ignore. And that goes for anyone else if you like.

In the four hours I was away from this board actually having a life- I find it very interesting your approach and accusations.

Clueless...

PS I answered your questions, now why don't you try and answer mine?

Thanks for making one of my points for me, Jeff.

I think the more appropriate question is:

Why is BPAX not telling its share holders this directly? There is no confirmation from our own company.

Ergo, we cannot depend on this information to be accurate. And believe me, I want it to be accurate!

Good job homeslice! It needs to be short and sweet. We can air it out here. But that is what we have to do. Start pushing back.

Good job.

Don't you see Jeff, this isn't about facts. It is about the company that you own a piece of, ABANDONING YOUR INTERESTS.

I know and agree full well that safety is key and that testosterone has a big future. I am not talking about that.

I am talking about a big screwup on this endpoint study that opened the door to a vicious attack on the company which has NOT BEEN MITIGATED IN ANY WAY BY MANAGEMENT.

Now please enlighten me how a reverse split (which was a DIRECT result of this manipulation) helped you and I and everyone else?

Please enlighten me how a second, third, fourth or fifth reverse split will help you and I?

Please help me understand why BPAX is not registering a complaint with the SEC and FBI with regard to potential stock manipulation.

Please explain why TANG was able to convert shares at BELOW MARKET VALUE recently.

Please explain why the same manipulators who crashed the price when BPAX hit $1 have shown up every single day and ridden the price down and counteracted any potential good news the company had to dispense.

Please explain the dilution of good news by BPAX itself (!!!). BPAX has not said anything but what minimally legally needed to be said. In addition, they pushed back the safety study information. They made it sound like it was coming immediately. Well, August is still young so- granted, it could still show up. But what if they hold it until the end of October? Where do you thin the price will be at that point?

Simes is dancing on your face while he gives himself a raise. A healthy company with good management doesn't do this kind of thing nor do they put themselves at the mercy of pirates.

And I say all this because, respectfully, you need to wake up. If you want to box my comments into "complaining" you are doing yourself a disservice. What is the harm in confronting Simes and company.

Say I am wrong- that would mean btw, that all of this crazy stock action is natural- yeah, ok.

So if you have people shaking your tree everyday, maybe we have to unite and push back.

Your approach is to look at all these coincidences or hirings. What does it matter what they may be gearing up for if they dilute you into the ground before you benefit. If TANG gets a majority stake in the company he can kill it, gut it, and sell all that great stuff to whomever will pay him the most money.

Do you think you will get a piece of that?

It is the company's job- actually part of its fiduciary duty to share holders to investigate fraud and manipulation of the company stock.

Did you hear any press releases to that effect? Did Simes and BPAX go out of their way NOT to push some very promising news?

Your and my BOD and executives should be immediately sacked and sued.

You guys are all sitting around waiting for the turnaround. And I am telling you that you will be highly highly HIGHLY disappointed when the offer comes in.

I am sure TANG has already made a boatload of money shorting the company and then forcing conversions to cover their shorts.

And all the while, BPAX goes along with it because they made a 30 MILLION DOLLAR MISTAKE!

The please may fall on deaf ears, but a derivative share holder lawsuit is a start if a law firm can be found on contingency and started while there is still money in the coffers.

Otherwise, BPAX will be sold for pennies and all compensation will be given directly to the BOD and Simes. Golden parachutes for them and a shat sandwich for us.

I can't do it by myself. But stop deluding yourselves with potential. We have to focus on the realities of this situation and that we have been directly abandoned by those who have a fiduciary responsibility to us.

What have we got to lose? But every day that goes by, the cash goes down.

Did you see Simes take a paycut? NO! He and his crook buddies just gave themselves a pay RAISE!

Don't forget:

Who would buy stock in a company where management has gone out of their way to give a big FU to the retail investors.

They are in bed with these crooks whether they were duped, held hostage or actively participating.

All retail is learning to stay away in a scenario like this. Yesterday and the day before were honeytraps to get new people in so they could crash the price.

SEC is surfing for porn right now so no worries there.

Naked shorting is simply out of control. In fact, I think yesterday was just a huge swap of covering shares while they opened NEW naked positions.

They will bring this under a dollar and management will let them by withholding and diluting any positive information.

Simes should be sued out of existence and I intend to make that happen. I don't care how much this recovers (if it ever does).

Mark my words, by the time an offer comes, it will be pennies on the dollar.

Thank you Jeff. I was confused by their infantile and uselessly worded PR. When they say Q3, it sounded like off in the distance to me. I though we were waiting on the information to pop out imminently.

Of course, the way things are going, maybe they will wait until October and the stock is 10 cents just to continue to screw us.

And yes, be very afraid of option 2. I know I am.

But at this point, I am riding it out which is why I suggest some shareholder activism on our part.

Jeff,

Did they push back the safety data report or did I have my dates wrong?

Simes is incompetant. He has been with BioSante since 1998. He is used to waking up, going to work, screwing up and getting paid anyway. His connections mean squat. He is in a rut. 14 years and counting. He makes $496,000 a year plus stock options. Right now, they are worthless, but he is covered and insulated from his bad decisions.

His miscalculation on Libigel has only hurt you and me and every other idiot who believed that these guys had a gold mine at their finger tips.

I have only seen companies abandon share holders like this when either they have NOTHING GOING ON and want to hide it for as long as they can.

Or,

They are making a deal that completely benefits the insiders BOD and executives at the complete expense of the shareholders.

No one is buying at these levels. That should at the very least tell you that there is nothing on the near horizon.

Now please correct me if I am wrong but I thought that the safety data was supposed to be here in August. But maybe I don't have that right. Did they push their report back?

Another glorious day for shareholders.

It would have been better if BPAX had said absolutely nothing. Oh wait, that is EXACTLY what they said.

You all remember that when the vote to R/S was rigged- er I mean sent out to us, a nice fat pay package was also slipped in their for Simes the crook.

BPAX knew by saying nothing that this would tank. We are being attacked.

So I will say again, time to get the pitch forks NOW, not later. Worst case, we pry some information out of their greasy corrupt paws. Does anyone think we could scuttle the deal if there even is one? If testosterone therapy is such a big market, then BPAX will be just fine and by sticking some hot pokers up their arses, we might even get a better price for OUR company if we crack the veil of silence.

I am looking into legal counsel to start a class action or derivative share holder suit. I don't have much hope, but we might be able to do something.

This is going under a dollar and more dilution is coming. All designed to shake you out of your shares or make them worthless by the time a buyout comes- if ever.

I cannot overstate the magnitude of screw up that the efficacy trial was. It really was a nuclear bomb of opportunity to put this company in a sling and get eaten by hedge funds and shorting cartels.

ABSOLUTELY STUPID SIMES. YOU SUCK!!!!!!!

The rule of law is not based on money. It is an abstract that is absolutely essential to the survival of a civilization.

But I understand what you are saying. Sadly, this is my point- when the rule of law is co-opted by something like money or power or influence, equilibrium is broken. Once this happens to a large enough degree, the system collapses in on itself.

This already started in 2008. Now we find out that there is a second banking system to the tune of 25-30+ trillion dollars.

Well, you can't eat money or electronic credit now can you...

So here is some speculation:

What if TANG is in the process of burning BPAX down? What if they are shorting the hell out of BPAX to take a majority interest and then they just shutter the company and liquidate it?

What do they care about potential or buyouts? Maybe they just saw a HUGE SCREWUP by management in the efficacy trials and swooped in. Cash value is almost twice what we are trading at. If you kill a company, you double your money. I know it is a little more complicated than that but that is the gist.

Also, I think Simes and company suffer from CEO Suckitus- a condition where you think you know what you are doing but fail to see the big picture. It's all well and good to be an inventor and patent owner but maybe someone is going to shutter you. And for all we know TANG is going to get a bounty from Pfizer or someone to do an inside job.

Because who is really watching out for us?

WHO?

Can anyone name an agency or group or senator or congressman that will fight for you and I?

The rule of law is dead. And soon with it falls the empire.

GLTA

Agreed in principal, JTFM. Like I said, I have respect for you and some other posters here. And there is a definite appearance of abandonment i.e. fiduciary duty to the share holders.

In the end, the dots connected lead me to believe that there is much potential. And this is why I have not sold. I am going to ride it out since even a crappy buyout will pay more than what we are looking at right now pricewise.

HOWEVER, my point here is that- regardless of what happens- good or bad, this punishment of investors bodes ill towards a fair and equitable deal for us. Because if everything was on the up and up, then why all the games? Why squeeze the very investors that put money into this company for it to carry out its research and operations. And let us not even discuss the screw up in the efficacy trials that has cost the company millions of wasted dollars AND a suppressed share price.

Also, I have very great concerns about TANG and their agenda.

The other thing to remember is that the bankruptsy courts are skewed to protect everyone BUT the share holders. And lawsuits against a company aquired at "fire sale" prices- if that were to happen, will be hard to prove. On paper it looks good, but it will cost time, money and, in the end, the lawyers will make most of the money. I have gone though that one too.

The game is rigged. The only way to make money is to blindly bet on what the money movers are planning to do here. It has little to do with logic or actual products.

It is a shame that the market has become such a sham.

Look guys and girls. All we have is speculation on what BPAX is planning to do and what kind of position they are in to do it.

The FACTS of our situation are:

1. We have ABSOLUTELY been abandoned by BPAX to the wolves as stock holders. And I don't want to hear about quiet mode and aquisitions. They pre-emptively shoved a reverse split through on us and have done NOTHING to mitigate the free fall in stock price. Manipulation or not, they are complicit in making BPAX one of the most unattractive stock to anyone but shorters- of which we are taking it in the hind parts daily.

2. Allowing a conversion of debt to shares at BELOW market prices was a direct attack on the share holders BY THE COMPANY. Sure we don't know all the facts- so we can only speculate. But this is complete and utter BS.

3. Being in the dark with a company you own stock in is BAD 99 out of 100 times. When you have no idea what is going on and cannot get any information, I can almost guarantee that the end result will NOT BE IN YOUR BEST INTERESTS. This can most certainly include a buyout at pennies on the dollar. I know. I have owned stock in a company like that before. The buyout was 25% of the value that most people were holding.

For those of you watching the price plummet every day, it is a very good chance that, in the event of this lauded potential, unsubstantiated speculated buyout, you will not break even.

I am extremely disappointed in BPAX management and if I had my way, I would kick every one of them and their BOD to the curb. But they operate with impunity as we have no real allies in the stock market. All the agencies that are supposed to protect from being exploited and gamed by these crooks are asleep at the wheel or surfing for porn.

I have a good amount of respect for some of the posters on this board but please stop with the speculation. Let's talk about wrestling some answers from these bums. Or exposing TANG's operations for what they are- most likely a hostile trojan horse that BPAX stupidly got in bed with.

I am this close to filing my own lawsuit against BPAX. It is obvious to me the more I think about it that we, the shareholders, are not to be included the in the "bright" future of BPAX. I can't quite figure out the angle, but it is plain that share price is not a concern for the company, ergo, share holders are once again, left in the dark and holding the bag.

We do have to face some facts. Yes, this stock is obviously being manipulated but we are at 20ish cents (!!!). And this range is totally a result of the poor management of information from BPAX to share holders. No one is touching this stock because BPAX has not communicated any relevant information.

Those other lawsuits may indeed find merit and warrant settlement.

I can guarantee you that, if things don't turn around and BPAX doesn't soon cough up the goods, that there will be another round of lawsuits and possibly against TANG as well. Mark my words.

I am totally disgusted with the mishandling of all communication as well as the mystery back room crap going on with this company. Not to mention the MASSIVE SCREW UP of the placebo\efficacy trials. How much money and time did that waste? In fact, this is what has brought us to this point. Yes, I fully agree that safety is the key and there are so many benefits. But the public perception is failure- and BPAX has done NOTHING to mitigate that perception.

Then they go ahead and convert shares at an 11% discount on the market with absolutely NO EXPLANATION! This is where I get off the bus on this bs. They are going to pay for these egregious affronts to share holders and the stock price that we hold in our accounts one way or another via lawsuits for the rest of Simes's life. Again, this is not how you handle a buyout if the shareholders are supposed to benefit as opposed to being rubes who put their money and trust into a company only to have them back stab us every single day.

Yup Jeff,

You are correct sir. Interesting to say the least.

Preaching to the choir I know but still...

http://baltimore.citybizlist.com/article/glaxosmithkline-acquire-human-genome-sciences-36b

Well, we must be getting close to something because the bashers are exponentially multiplying.

Not a single basher on any of these boards has any substantive negative fact to point out. They are trying to herd selling.

The MM's are slapping BPAX every morning in the face on purpose and I am convinced that they are manufacturing shares to temporarily dilute any small run-ups and hold the price down for large accumulation.

This all spells good news for us. But I will go on record as stating that I think the PR department of BPAX is one steaming pile of Scat! Seriously.

The bottom line is that a successful safety trial AT THE VERY LEAST, opens up all kinds of possibilities for Libigel. And if it is true that CV was an end point all along not to mention the other uses of Testosterone, a safety rating is one thing NO ONE ELSE WOULD HAVE.

I guess we just have to keep our eye on the ball.

Well done JTFM! Pictures are worth a thousand words.

In my experience, the revolving door of people going back and forth equate to an inside form of due diligence in a scenario where a buyout offer will be made.

Also, it is clear that we are approaching the nexus of many years of research and development.

And if a company wanted to buy out Biosante, it looks like the offer would be large considering the potential and the time spent keeping abreast of the development of the Biosante cadre of products- but the Libigel in particular.

One could SPECULATE that December threw off the time frame a bit and thus opened Biosante to a hostile takeover. This could be the reason they pushed the reverse split: To protect against price manipulation which could drive them into accepting a lowball offer.

FWIW, my opinion is that- if the safety trial comes back positive, then this will swing everything into high gear as far as suitors for Biosante. And I think existing players want controlling interest in the stock of the company now - which is why there was a reverse split.

I don't know if a buyout or partnership is coming. My guess would be a partnership leading eventually to a buyout. Partnership can fend off hostile bids. Buyout will be cheaper that way.

I think we are sitting on a multi-BILLION-dollar merger/buyout process over time, pending the safety data.

The safety data is the trigger. The confirmation of the trigger would be the NDA submission.

If those two things happen, then I think cashflow will not be an issue (via partnership or buyout).

The market obviously thought this was about to happen last year. We may have been given one of the greatest buying opportunities ever. My money is on that bet.

Hopefully, that turns out to be the right move. JTFM, your timeline really gives credence to this!

GLTA Longs!

Naked shorting running wild?

Thank you. That totally clarifies things for me.

So, it is very possible to have a HUGE prime mover on the value of BPAX within this year sometime. Now I understand that the safety trials DIRECTLY impact and benefit the potential of CV reduction and how that could apply to an NDA application.

I am 100% in absolute FULL agreement that the NDA submission would be a no-brainer.

This is what I was trying to understand. Because, getting back to the TANG issue, it really seems that BPAX is looking for a partner (the right partner) which can bring financing internally to the company. If this safety trial comes through and they can apply for an NDA, I think it would be extremely likely that they get a partner which could cover the short and long term financing of the company. Or maybe they finalize an agreement with a partner that they are in talks with now.

This could also explain why they are not saying much- could be in negotiations already and are not worrying about very short term but are spending time and effort in getting safety trial finished- and setting up for longer term HSDD trials- and believing that they are worth pursuing and can be financed.

The safety trial results, in my opinion will be the launch pad or the breaking point of BPAX.

Thanks again for helping me understand the relationship of the studies.

Hi Nutsy,

I asked this question yesterday to the board. While you are on this subject:

How about the efficacy of CV reduction trials that BPAX is also running? Has that been going on? Is there a time frame for that? Would the safety data be tied into this efficacy study as it also seemed to reveal lower CV events?

Is the efficacy test in this case to eliminate statistical anomalies and CONFIRM CV reduction benefits?

Because IF that is the case, then I think that would be even more promising and easier to prove the potentially subjective HSDD studies which now need to be re-run.

I am wondering about the time frame for the CV efficacy studies. Any information on that?

Thank you!

So- and please bear with me- I am putting these pieces together:

As I currently understand it- yes Libigel needs to go through more efficacy trials for female sexual dysfunction. Pushing the time frame out and costing more cash. However, it was not killed off for this and there seem to be some interesting criteria for the control group now.

But, Libigel is also continuing CV efficacy studies as well? So they are actively pursuing this as a solution for reducing CV events in women. Does anyone know what that time frame is?

Nutsy brings up a very good possibility for the suppression of share price via TANG and their cronies (which apparently include Jeffries). It is very obvious that something has been going on with regard to that! Also, it looks like BPAX is actively looking for a partner. Maybe TANG is trying to leverage this coming partnership by suppressing the price to get a better rate on conversion when the partner steps in with financing. That makes total sense!

Still not sure why BPAX went through a reverse split only to currently keep mum about most of their goodness- other than the float reduction.

Staged drops like the one yesterday are definitely tree shaker moves. So someone wants shares. Controlling the float could allow bad guys to keep the price drifting down while a blackout on news or stupid and misleading analysis by Jeffries and co. could keep interest at a minimum.

But, I get the feeling someone is starting to catch on and interest in BPAX is rising. We really have nowhere to go but up based on the STRONG POTENTIAL of Libigel options AND the GVAX family. NONE of that is factored into the current price.

Just don't get why Simes would keep the spin down and the price from rising. This is a marked change from Jan/Feb when it seemed like BPAX was desperately trying to raise awareness and share price, only to get naked shorted down to peanuts. Could a silent war be going on between TANG and BPAX? Maybe the conversion of debt to shares was part of a strategy to get out from under TANG.