taas, Aruda had a patent dispute with the company, so why do you think he's all buddy buddy with them? The big run to 4 was a great opportunity to dump shares. If he did not, then I'm sure he's kicking himself like others? There's also the tax situation, why not sell at a large gain to cover taxes? You might be the only one who believes Aruda has not been a seller? I'm hoping he has... Get rid of him and move on.

daydreaming, The Aruda agreement is for "16 million shares" spread over 16 months. So, we're stuck with Aruda until January 2016. I'm assuming he's been a seller and part of the price collapse since January?

http://sec.edgar-online.com/cellceutix-corp/8-k-current-report-filing/2014/09/02/section4.aspx

On August 28, 2014, a settlement took place between Dr. Menon and Aruda which resulted in the following: Menon acquired all of the rights Aruda claimed in the Kevetrin patents in return for (i) the transfer to Aruda and designees an aggregate of 16,000,000 shares of stock in Cellceutix over a period of 16 months,

Drano, just let us know the results of your next email to LEO? We all need to justify our ownership... Only in pink sheet world...LOL

daydreaming, verifiable proof on what? My opinion is based on what has occurred. The future is anyone's guess? I'm not into emailing CEO's for a "vote of confidence" in stock ownership."

Drano, Jeez, Do you always make financial decisions on what's posted on a chat board? Is CTIX the only stock you own where you email the CEO? What's even more remarkable is Leo's email responses being posted. Hopefully, Leo starts acting like a real CEO as the up-listing approaches? Not like a stock salesman for IHUB?

daydreaming, I've been critical of Leo issuing multiple PR's on the same subject. The up-listing is just "one example" where Leo excited the crowd and we're still waiting. The train left last fall and has since been derailed by passenger Aruda. Going to take positive trial results to move this again...

Astavakra, I understand your concern, but attack articles happen all-the-time with every company. Did anyone care about attack articles when the PPS was at 4.75? Again, investors are searching for any-kind-of-news as the PPS subtracts. Seeking Alpha removed a "negative article" and the PPS sank 30 percent since....

I sense some doubt here among the shareholders. Constant emails to any CEO shows a lack of confidence. Clearly, the job of any CEO is to self-promote his company, so by emailing the CEO what does this accomplish? Who cares what people think of Leo, the company and so on... Performance takes care of all doubters... So far, the jury is still out on CTIX... Potential is there, but so are the risks. Plenty of Biotechs run out of cash/time as delays are constant. PolyMedix was an example of just that... Multiple PR's on up-listing "since December "and there's still no time-table... When did Leo "really" submit the application???

I'm not sure CTIX is a member of the Russell Index? This link shows the members... There would have been a PR on it's membership and I don't recall one.

http://www.russell.com/indexes/americas/indexes/membership.page

A RS is usually done before up-listing to help meet minimal standards. It's done by plenty of companies with PPS below 3. What makes or breaks the company is performance, however, a PPS in the danger zone is the biggest red-flag. Going to be hard raising capital trading at this level regardless of market.

Amatuer17, a reverse split would not surprise me at this point. What's the point of up-listing if you barely trade above minimum standards. A sub-5 PPS draws little/no interest from institutions.

Free-falling once again... Leo has zero ammunition left in his arsenal. Everything hinges on the Nasdaq listing office.

Bunny, There's no up-listing unless the Nasdaq approves... The question is when did Leo file the paperwork? Was it when he first announced it, or after the BOD's were signed on? That's a spread of 6 weeks, which could explain the delay. If not, then the Nasdaq are understaffed? LOL

Drano, that's funny, but at least I don't follow this board 24/7 like some... You guys must have automatic alerts for every post... LOL

What day will CTIX be up this week? Pattern the past 3 months has been one up day, 3 down and one even. Since there's no demand in the stock, the PPS clearly shows.

Aruda dump watch June 1st..... Hopefully we uplist ahead of Aruda's free shares....

Only down 3.4 percent!!! That's an improvement over last week. Shame this stock is all about shorts, Aruda and CTIX drawing funds. Shareholders are left with steep declines and hope of an up-listing sometime in 2015. An awful long-time for a Nasdaq approval...

Drano, A more interesting stat would be "percentage of daily volume" traded by Aspire/Aruda... Those 2 have to account for 25 percent or more? 1 percent sounds low, my guess closer to 15 percent for Ihubers...

TheHound, The biotech index has zero relation to how CTIX trades. CTIX is not listed on any index and probably is an afterthought. Stocks under 5 are considered penny plays for most firms and they stay clear. Exactly for reasons we see with CTIX. Easily manipulated by 3 players... Aspire, Aruda and the shorts...

Another ugly morning... Shorts, Aruda and Aspire taking this sub-2 for the big up-listing event. They can all throw a party "displaying" the 3 month-chart to perspective buyers.

Really? Another crash day for the Dow/Nasdaq? 1 percent decline is not a crash... CTIX is in crash-mode...

Leo brought this upon himself. Multiple PR's about up-listing since December, and we're still waiting. Gives the shorts more time to manipulate this company to shreds. One mention of an up-listing was all that was needed... Then, one PR for the BOD additions. Same with show events? So where's the real progress report with B???

Need a million share day to reverse this mess.

Down 8 percent right off the start. Unreal....

Leo should paint IHUB on his ball... The little guy buys the shares, while the Aspire/Aruda's of the world cash in the chips.

Drano, Lets be realistic here. Do you believe everything management says? Clearly, a CEO's job is to promote his business and when Leo made those comments the PPS wasn't in crash mode. Why would a RS be of topic when the PPS was closer to 4 than 2.50. Things change in a hurry, the Aruda shares have been crippling to this company.

Drano, surely you don't understand how Wall-street and private funding work. Everything should be on-the-table to keep the company afloat. The up-listing is just that, another avenue to "dilute shares" until one-day this company either succeeds or fails. The PPS must be sustainable or the company goes bye bye. So, a RS has to be under consideration if the PPS continues to slide at this pace. Again, many here never dreamed the PPS would ever see 2.75... If they did, they would have sold above 4.

Nano, Yes, most companies with ZERO sales go bankrupt in due time. It's always a race of time regarding dilution VS PPS. CTIX has funding for a year or longer, but a declining PPS increases their burn-rate. Lets hope things reverse SOON!!!!

Nano, I said a RS is a way for Leo to make the PPS more attractive and help hold the minimal PPS standard on the Nasdaq. You brought up 40 percent for some reason??? I also stated, if the PPS continues to slide, a RS has to be on-the-table at CTIX headquarters.

Nano, You brought up one biotech that had success after a 40 percent decline. There's probably more (small biotechs) who have failed. One of those is PolyMedix, who CTIX picked up for scraps. It's a race of time with all these speculative plays.

Waverunner, do you know how many firms buy stocks below 5? Zero!!! There's more strategy in place for a RS than minimal PPS standards. An up-listing will not cure all of CTIX issues. I'm not in favor of a RS, but Leo will have no choice if he wants to market his company to the public. Also, Leo has never denied a RS....

A RS just assures the company stays on the Nasdaq. I know a bunch of shareholders won't be happy with a 10-1 RS, but the alternative would be to get kicked off the Nasdaq and then it's game-over. Not suggesting a RS will happen, but it has to be a thought process if the decline continues.

1400, Leo will have no choice but to do a RS if this recent slide continues. We're not talking a "small percentage" loss here since January 1st. This company goes out-of-business if demand does not keep up with dilution. So, a falling PPS keeps reducing this companies line-of-credit.

A reverse split has to be on-the-table now. We clearly see how easy this stock can be manipulated. Also, the Nasdaq has stricter guidelines for holding the minimal PPS requirement. Which I believe is 2 bucks? This latest decline has more implications than some want to believe.

What can Leo do now? Every PR has backfired with a continued PPS decline. Even if they "eventually" up-list to the Nasdaq, the PPS will not be attractive to many investors. Seems like the short traders are in more control than Leo. A reverse split will almost be assured now so they can stay above the minimum PPS standards on the Nasdaq.

Moving closer to the pre-rally prices from last September. Don't blame anyone for trying to protect some of their gains. A total collapse here of the PPS... Leo is out of ammunition as he spent way too many press-releases on up-listing and shows... All, with limited effect...

Shows and uplistings make good board chatter, but trial results are the only measure for success or failure. The failing PPS of late is due a lack of trial news. So, when can we expect reveunes for CTIX? 2017 at the earliest? I've stopped accumilating shares until we see the next trial completion. Dilution is the clear winner here.

The PPS of CTIX is more of a concern heading to the Nasdaq than volume. I've read posts tonight on volume increasing when up-listing. Remember, most stocks "under 5" are restricted by most firms. Now that we're stuck in the 3 range, it's going to take major "positive" facts to move the PPS forward. Corporate updates "are hopefully" a thing of-the-past.

Press releases are starting to become old-news when we already know what to expect. Appearing at a show conference has not been a positive for the PPS. Example: San Fran and all the others in CTIX history. What this company needs are sales projections from one of their drugs. So far, B is in the lead, but delays continue to hurt...

eventhelosers, Here's a nice write-up on stocks under 5....

Many investment funds aren't allowed to invest in companies whose shares trade below $5, the reason being these companies are now considered "penny stocks" and too risky. What this literally means in many cases is that a company on Monday trading at $4.75 a share is deemed too risky for inclusion in a fund, but if it trades on Wednesday for $5.05, it can now be bought. Even worse, many funds have automatic sell triggers when such securities fall below a certain price

http://realmoney.thestreet.com/articles/02/12/2015/intrigue-stocks-under-5