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Rosen should be held liable for damages. Whether it's to repay CTIX's legal expenses or even greater...
Vascular Biogenics up 72 percent on Ovarian Cancer results. CTIX is not the only game in town... How we wished CTIX stock behaved like this? Instead, the trend continues downward...
https://finance.yahoo.com/q?s=vblt&ql=1
I disagree, what's killing the PPS is the market CTIX trades on, the continued recycled PR's, Rosen and Aruda's patent settlement. Amazing this stock is still trading at 1.47... Leo needs to find a partner fast!!!
Stock still held hostage on the OTCBB... Whatever Leo says or does the trend is still lower. Need a partnership not more recycled news.
I don't recall a board member addition either. Leo did bring up partnership, which was a first... Leo knows it's their only way off-the-pinks. A trial success PR and the PPS slides 25 percent...
Now 1.41 bid ask 1.47... Not going to attract new investment at this point.
Gotta Love the OTCBB, Bid 1.43 ask 1.47... Leo needs to get off ASAP... Mortgaging your business on this market is a recipe for disaster... A partnership is their only hope.
Wrong so far DUD... Time to short some more shares and post throughout the day... Then 4PM comes and you disappear into the night... LOL
On August 6, 2015, an individual using a pseudonym posted an article entitled “Cellceutix: Empty Office, Unviable ‘Science’, Misleading Disclosures, 96% Downside” to Seeking Alpha’s website. Seeking Alpha allegedly tagged the article as an “Editor’s Choice.” The article criticized Cellceutix, a publicly traded company, and contained allegedly defamatory statements about Plaintiff, who is the Chair and Chief Investment Officer of a hedge fund which helped finance Cellceutix. The article implied that the financiers of Cellceutix were engaged in a Ponzi scheme.
In evaluating Seeking Alpha’s motion to dismiss Plaintiff’s complaint, the court cited legal precedent that the immunity afforded under Section 230 is “quite robust” and “should be construed broadly” and “in favor of immunity.”[1] The court further noted that Seeking Alpha had been found to be an “interactive computer service” entitled to immunity under Section 230 in at least one prior case.
Cellceutix mentioned with another lawsuit regarding SA.
http://www.lexology.com/library/detail.aspx?g=2f49f4ad-81ac-4f39-a4cd-61fb826be1ef
Leo needs to update the SHers about the Rosen case. There has to be an eventual end to this entire mess. That could be the holdup with any partnership.
PR after PR has no positive effect on the PPS. A partnership has to be Leo's number one priority. Waiting for trials to complete are many months out.
Been the same pattern for 4 years... Except for the big rally in 14.
Start the day up with little volume, volume picks up stock sinks 2 plus percent, recovers in half by 3, then the last 10 minutes PPS trades back to even or down some... Never buy shares at the open...
Not sure who's selling? Seems there's not much interest in CTIX stock except for the bounce when P results were released. Same story, different day for CTIX. Leo has no answers for stock appreciation... His failure to up-list continues to haunt.
Could be a break in the Rosen case maybe? The average daily volume traded in 30 minutes...
Hey Amgen, we're for-sale!!! We have 3 great compounds underway, but we haven't convinced Wall-Street yet. I'm tired of playing pretend CEO, so please take a look at what we offer... BTW, Merck's CEO just left the parking lot, so you better hurry up... Damn-it, just hit 1.44...
Price action? Not sure I follow... The stock was suppose to trade down to 1.20 or below on bad P news. It hasn't, so the next move is 2... You can watch every minute if you like...
By not mentioning a partnership tells me there's one underway... Leo's giving everyone clues in his last 3 PRs... Those who are selling will be wishing they haven't...
biodoc, The waiting game has some concerns/risk. It would be nice to accomplish A,B,C or D and create more value... However, with the stock held hostage on the OTCBB, raising enough capital is going to be a challenge. Trading at 1.55 "with minimal dilution" is a red flag. Trying to build a biotech company without a partnership is going to be tough... The current PPS level will not draw much investment, so will the PPS be attractive enough to raise the proper capital? That's the 1.55 question... It's my opinion that Leo needs to take any partnership ASAP.... By not up-listing has hampered their long-term plans... I believe the PPS would be 3 plus if they up-listed last-year...
biodoc, The waiting game has some concerns. It would be nice to accomplish A,B,C or D and create more value... However, with the stock held hostage on the OTCBB, raising enough capital is going to be a challenge. Trading at 1.55 "with minimal dilution" is a red flag. Trying to build a biotech company without a partnership is going to be tough... The current PPS level will not draw much investment, so can the PPS stay high enough to keep the company afloat? That's the 1.55 question...
There's scams going on everywhere... I believe Leo is in this for the SHers, but he's been too transparent with his wants. Do not mention up-listing ever again until you qualify and are approved. Do not mention partnership until you sign one up... The days of self promotion through PR's is over. The PPS will not move north until there's deals done!!!
He couldn't do it... Why would he scrap a decision to up-list because it was early? He paid an application fee to do so...
So why are we invested here? The natural progression is a higher PPS with an up-listing to a better stable market. Jeez, lets all give Leo our cash, but who cares how it's being manipulated? LOL
The reason the PPS is at 1.53 is plain as day. Nobody really cares about the stock... The off-shore folks control the action here. Up and down they manipulate it... Hoping a few Ihubers help them play the game.
The stock would have been halted on the down size rule... Whether CTIX stock would have recovered who knows? Maybe, Rosen and others don't issue legal PR's as fast as they did? It's all speculation, but not Leo's failure to up-list. That still haunts the company today. Leo said so himself...
This stock was crashing long before Mako arrived. They put icing on Leo's cake... I showed the monthly PPS totals from September 2014 thru July 2015... Why didn't they up-list? You know why, but you refuse to come to the understanding that Leo failed at-the-job.
Wow, so your logic suggests any up-listing back in early 2015 would have made no difference? You do understand the Nasdaq has stock halts in place that might have prevented the flash crash from Mako? Trading on a better market also allows institutions to invest in small companies. I agree, stocks can get hammered on any market, but the way Leo dealt his hand to the shorts was the biggest blunder. Never should he (Leo) announced his intentions to up-list. The stock dropped day-after day while he scrambled to meet the requirements...
Here's the monthly trade totals from Yahoo...
CTIX traded firmly above 2 from Sept 2014 thru July 2015...
What was LEO doing all that time?
Jul 1, 2015 2.58 3.65 2.44 2.57 342,300 2.57
Jun 1, 2015 2.84 2.99 2.35 2.58 205,200 2.58
May 1, 2015 3.00 3.00 2.27 2.86 299,900 2.86
Apr 1, 2015 3.19 3.38 2.88 3.02 199,800 3.02
Mar 2, 2015 3.64 3.90 2.94 3.16 228,700 3.16
Feb 2, 2015 3.67 3.74 3.27 3.68 218,900 3.68
Jan 2, 2015 4.38 4.74 2.79 3.66 885,900 3.66
Dec 1, 2014 3.67 4.93 2.79 4.39 874,200 4.39
Nov 3, 2014 3.43 3.45 2.82 3.17 401,900 3.17
Oct 1, 2014 3.00 3.50 2.70 3.35 507,100 3.35
Sep 2, 2014 2.09 3.03 1.87 3.02 703,100
He failed to up-list back in late 2014 (early 2015) when the PPS was high enough to do so. At that time, some of us stressed the need for Leo to have BOD's in place... Well, Leo was late to the game, the BOD's came on board, but the PPS was sliding. This was long before the Mako hit... Yes, it's my opinion by not up-listing has cost the company dearly. To this day, this stock does not move forward on any PRs... A RS or partnership are the only ways to move off penny land. Any attempt to move this stock above 2 gets rejected over and over on the OTCBB... Eventually, you have to show the investors some gains or face a total collapse of any support...
Leo is the biggest blame for the terrible PPS action. This stock is more controlled by shorts than what the CEO says. PR after PR since the big rally of 2014 and the stock continues to drift lower. Leo failed to up-list last-year... Cost them dearly as they're still stuck on-the-pinks. They need a major strategy to reverse the PPS trend... Diluting shares on pink land is a recipe for disaster... That's regardless of how great their compounds are...
Really, Enough capital? They let their chief scientist go "probably" because of a cash crunch. The ability to raise enough cash on-the-otcbb is a large concern. There's no doubt Leo's working on "any" partnership... Can't keep skating on thin ice trying to build a company. This stock is controlled by those who do not want CTIX to succeed. So it's a partnership or RS to move them off the pinks. All the great PR's the past 18 months and the stock is still in danger zone...
Clues of a partnership already underway...
The results PR listed no info on CTIX pursuing a partnership...
Leo mentions the go for the next trial...
Add these 2 together and it spells partnership already in-the-bag or close...
We all know CTIX does not have the funds for a P trial this year...
Why the confidence in having one??? Yes, a partnership would provide the proper funds and more... Just my opinion, but all signs point to an imminent deal...
Interesting, Philip Kim's profile (Rosen) does not list CTIX in the news section? Archive goes back before last August...
http://www.rosenlegal.com/attorneys-Phillip-Kim.html
Dud, There's 7000 other investments out there to buy. Why the fixation with CTIX? Relax and join the party!!! Plenty of shares to fill your pockets with... LOL
Yesterday's data puts the Mako hit-piece to rest... The whole strategy behind the attack (empty office) was to accuse CTIX of fraud. Now, Rosen/Mako are on even more shakier ground...
CTIX is up 19.55 percent YTD. Not bad considering the biotech index is down... The question is are you on-board or off?
https://www.google.com/finance?q=ctix&ei=oaNFV_CzKMOn2AaTjZM4
Leo mentioned nothing about partnerships in today's PR. I think that's what hurt the PPS. There's only so much cash for all the projects. Unless they get a partnership for P, this could be a side project for later.
How can they change an order? Use limit orders and you'll be protected. Buying/selling at "market price" is a recipe for disaster.
I agree, the down action was a "bear trap" probably setup by the usual parties. Smart money always wins out, but the focus needs to be on a partnership deal. That will get them off the pinks.
Gotta love the volume though... The losers meaning market manipulation. Need an uplisting to move away from this garbage.