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Agreed. This message board has zero impact on BP negotiations.
All they have to do is look at the trending SP and the balance sheet. That is the negotiating position Nader has built. Those that want to see a change are simply saying more erosion is not an option.
I mean seriously should we all be sitting around applauding Nader’s progress and sipping champagne knowing the deal is in the bag. I’m done drinking the Cool-Aid.
The dissatisfaction is much broader than just the investors here on this board.
The downward spiraling SP and Naders inability to bring home the deal is financially stressing this company at an unprecedented level.
Nobody wants to watch this investment evaporate into thin air. Unfortunately that’s what is happening right now as Nader will look to do what he has been doing for years; divert attention away from his current promise in favor of his next empty promise to buy more time from his loyal supporters.
IMO that loyal group is shrinking rapidly as shareholder belief and confidence is eroding in tandem with the SP.
550k
Was that my point Dolphin?
Obviously there is not a single shareholder that has the power to oust Nader.
IMHO the writing is on the wall - no deal - no Nader.
Take a look at the SP over the last five years and then compare that to Nader’s compensation over the same period. That will make you scratch your head.
I began building a small position the end of 2012. I then took advantage of my first Paulson raise in 2013. Then three more Paulson deals over the years and then finally the Tender Offer. Outside of the TO it would have been wise to simply wait until Nader had completely destroyed the SP and purchase on the open market.
Is now a good entry point? It sure looks like it when you look at the science and how close we are to FDA Approval and monetizing. Then you consider the performance of the man who is responsible for implementing strategy and you have to ask yourself do I believe his words and most importantly do I think he can get us to the finish line.
My answer is absolutely not. If I was on the other side of the table on this deal Nader has been touting I would hang us out to dry. IMO Nader has mismanaged and miscalculated his bargaining position to a point that justifies his dismissal. Nobody in the Biopharma space believes him or is interested in his warn out pitch. It is clear that Nader does not speak the language of those that we need to come to the table.
Find a replacement that does and make the change now.
You may be surprised. BOD has a fiduciary responsibility to hold Nader accountable. He’s way out there with his weekly video updates. There better be some factual information to support Nader’s self proclaimed deal if it comes up short as most expect.
It would be a shock if you are right...nobody would be more pleased than myself.
Happy Thanksgiving to you and your family Tony.
I’m hoping I’m wrong but prepared to be right. Nader needs to know his passionate exuberance has to have legs. I’m not willing to sit quietly and hope and watch this once in a lifetime investment wash down the proverbial drain.
Happy Thanksgiving to you and your family BH. May 2020 be the year this investment and science comes to fruition.
It’s not too late to get the right person in power and redirect the ship. I think our SP would move to 50 cents plus immediately if the credentials and track record were in line. Fact is that person is out there and would likely jump at an opportunity to take this across the goal line. Offer 20 million shares and wouldn’t even have to pay Nader’s ridiculous salary. Would be best 20 million shares this company ever spent.
“I guess he is too dumb to realize that.”
Desperate not dumb.
This latest interview has a different flavor. The interview is prefaced by stating the company knows all you followers on the chat boards want to know what’s going on so listen in or something to that nature.
Nader would say that neither he nor the company pays any attention to a forum like IHUB. That couldn’t be further from the truth. Nader is well aware of the growing dissatisfaction with his performance. He is now just short of begging SH’s for compassion and understanding to extend his runway - hence playing the TNBC card which means we need to wait for more patients. Divert attention and buy more time - sound familiar. Definition of insanity is doing the same thing over and over and expecting a different result. We are stuck on an endless merry go round that has been repeating for years.
His trust factor and approval rating is approaching impeachment proceedings and I think he knows it. All he can do is talk up his deal which is so close. “So close” translates to no deal to most SH’s at this juncture. Hoping Nader can get it done is where many supporters are. The reality is hope isn’t going to get it done.
Plain and simple Nader lacks the experience, Street Cred, contacts and business savvy to put a deal of any value together. He has proven that he knows how to raise money with Paulson at the expense of destroying the SP. That worked for a long time and now there is no room left in the SP or willing investors for that approach. He’s desperate and the Biotech community knows it.
If a change is not made I fear the company will be so over leveraged we will be forced to give up this valuable science for a pittance.
SP doubles. Nader has proven he is completely out of his league in terms of moving this forward. Uncharted territory and zero Street Cred. At some point the BOD will have to face the reality that a change must be made or this will end badly. Shareholders IMO have been patient to a fault.
Ditto
Thank you Grip! You nailed it. Your post represents the Grip I respect.
I just hope he delivers a deal the size of his hat.
You think I’m a little to tough on Nader. I think the phrase accurately depicts our current situation.
Yes, GLT us all!
“Big Hat no Cattle”. These staged interviews just keep increasing the size of his hat while we are all waiting to see just one cow.
“May also be some Warrant holders have exercised.”
Fines, nobody is exercising. It’s the cheap shares that were purchased to gain the warrant rights that are being dumped. This has been going on for years and is the reason why our SP continues to erode. Most warrant holders won’t exercise until the SP is well North of the strike price.
Secure alternative financing and this will change rapidly. Eliminate the free crack cocaine that continues to flood the market place and you’ll have real valuation.
Nader doesn’t want to give the company away. Well how’s a .30 SP working out in terms of leveraging this game changing science?
It’s a double edged sword. Cut the deal and let’s move on. Get real about our circumstances and current leverage. Can’t run without $. I’m tired of crawling.
In terms of SP appreciation nothing matters except Nader’s much anticipated deal - and yes, you are correct the market doesn’t believe Nader will deliver. At some point one has to walk the talk to be taken seriously.
The many warrant backed raises have and will continue to apply downward pressure until financing has been resolved in a way that closes the door on these raises that destroy SP valuation.
Game changing science looking for game changing financing with a .30 SP. That’s the corner Nader has put himself in and it’s high time that he deliver.
You thought you were going to buy at the very bottom and the SP would increase as soon as you got in? Lol.
What a life Dolph. Thanks for sharing. You have had to live through tremendous loss. I am sorry for that. The only choice we have is to deal with the cards we are dealt and you have shown great courage. GLTU my friend.
I have to say BH that I am not willing to get my hopes up no matter how things may appear. I’ll believe when the PR states exactly what type of deal Nader has crafted. My issue is he over conditions everything and he knows how to tell the shareholders what they want to hear and we wait and wait.
Logic says it would seem he has no choice but to deliver - he told me it was game over three years ago and that we were just a few months away. That has turned into going on four years. Now my wife doesn’t believe a thing I tell her when it comes to “how long do you think honey”? She doesn’t ask the question anymore and I simply avoid the topic.
When I run the story over and over again I don’t see how we can fail. It’s safe, it works, it’s scalable, multiple indications. Then there is
Nader, our wild card, our overinflater, our voice, that has IMO become our biggest concern.
Thank you Tony. Yes it is a good thing to give back. Great idea.
Well said Guru. Hopefully that grain of sand will amount to a pile of sand and a contribution to mankind.
Thank you Misiu. I know you are one that leads a life of compassion and humility. Although I have never met you I feel like I know you. One can tell much about a person when you have read years of posts.
Thank you Grip. I look forward to teeing it up one day. I’m an avid golfer and member at two clubs so golf is a big part of my life.
Yes, I never signed up for this. But that’s the way life is live and learn. Good luck to us Z.
I welcome that problem. Bring it on!
Thank you for your kind words. When I started building this position it was all about the potential ROI. I was 54 at that time. I’m now 61 and lost both my parents last year.
My perspective and what is most important in life has changed much over the last seven years. Money is simply something we don’t want to run out of. At the end of the day it’s the relationships that count and add the real value in my life. Having witnessed both my parents and my wife’s parents navigate the dying process changed me. It softened my spirit and brought out the importance of humility. I care very much about the impact Leronlimab will have on many lives. Nobody gets out alive but if that last chapter can have a less painful ending that is a really good thing for mankind.
I got in seven years ago. Have done three private raises. Purchased on the open market. All over the board. Here I sit with more shares than I ever intended for the sake of averaging down. At the end of the road averaged in at nearly 600k plus shares at .60. I could go more but enough exposure is enough.
IMHO whether your in at .60, .34, .28, 1.20, or .70 will matter little when all is said and done. Congrats to those that got wind of the science late. Let’s be straight it’s not about smarts it’s about timing. In all fairness Nader was calling game over three years ago.
Where are we now in terms of the finish line? Pardon me if I’m a bit jaded.
He has to deliver - excuses aren’t going to cut it. Our investment is at stake as is his employment.
If he gets it right with the upfront payments and the rest of the package this could flip in a hurry.
Hopefully we will be granted the luxury of concerning ourselves with his ability to complete the BLA in 2019 w/o money as the barrier. His handling of such matters up to this point support the argument that he is incompetent.
Nothing would please me more than to be proven wrong.
Supply has been the issue for years and will continue until Nader puts a stop to warrant propelled raises. The rinse and repeat show has been going on for years and has kept the SP at a level that has little to do with current valuation.
There are millions of shares still out there that are nothing more than a liability to the shareholders that play the game. Get in on the private raises, purchase the cheap shares to gain the right to warrants. Dump the shares ASAP, even at a loss to accumulate risk free warrants.
That is a cycle that Nader has been trying to break for years - even Paulson who has been the main partner says no more as their clients are fed up with the eroding SP.
Yes, Nader has raised a lot of $ - toxic money that made sense for a while. That time passed long ago and here we are still doing the same dance. That’s why the deal Nader has all but promised is so important. It will get us on track if it has enough upfront cash to say good by to warrant propelled raises. The million $ question is how much equity will he/we have to forfeit for such a deal.
It’s time to get it done as we are similar to an uncut diamond. We desperately need the $ and expertise to get this over the goal line. At this moment we possess neither.
Craig Eastwood is a sharp guy and gets it. I have spoken with him several times and am very bullish on this move. Mulholand was like a wet blanket that brought nothing to the table.
IMO Nader has put himself in a corner with this deal he has basically promised on his weekly PI show. If he is unable to deliver he will be held accountable as shareholders will demand that the BOD do their jobs and verify the facts. If Nader does not deliver and his story cannot be validated he’s toast.
So from my vantage point it is quite likely either Nader will close the deal and keep his job or we will have a new competent CEO.
“What I am saying is that NP probably was once again quite creative in self generating some news maybe? You know, the whole big issue w/ NP here, accountability.
IMHO this is the biggest red flag in misleading SH about the status quo”
It’s right in front of our nose. How many times does one need to be slapped before waking up. Enough is enough.
There is nothing more dangerous than a man in position of power drinking his own cool-aid.
“Yes I will give Nader the time he needs.”
IMO That would be a monumental mistake.
How long will shareholders keep their heads in the sand? This company desperately needs leadership that understands the landscape between where we are now and getting this molecule licensed and sold.
Empty promises will not get it done. Foolishness is pretending things are great when in fact one has not been paying attention to what is actually transpiring.
Huge octane molecule running on fumes.
For the love of mankind that need this drug please secure financing.
May this be the start of a momentum that fulfills our well deserved destiny.
My sentiments exactly!
“IMO, in an attempt to hold on to everything, CYDY has increased the risk of losing everything to an unacceptable degree.”
That is the position that I have voiced with the company. Greed is a dangerous position as it is a double edge sword especially when you are sword fighting with BP with no sword.
I have always questioned Nader’s ability to see the realistic value of the science at the various stages of development. Up to this point he has been dead wrong and appears to love beating his own drum louder and louder — is anyone listening?
It is nice dreaming material to fantasize about being the next Humira. But is there a disconnect when the SP is .30 and you can’t raise $10M without crushing the SP further?
This is just one factor that compels me to believe Nader has to go. Oh how I hope I am wrong.
Very well stated BL.
You voice my concerns. We need upfront payments yesterday to get us over the hump. It would seem that Nader’s deal has all the pieces except the cash we need now.
In regards to Finesand wanting the $10M raised in on chunk - we would all like to see that including Nader. Fact is it’s not available at anything that would be considered reasonable. And if we stoop that low the SP will follow.
Nader is in a pickle and consequently so are we the shareholders.
It’s been time. I’m quite pissed that Nader has taken us to the brink.
He can make it all good by delivering on his much anticipated deal and milestones. Hopefully this will turn out differently then his past expectations. If it does not the rope will become taught and we as loyal shareholders will have been taken for a very disappointing journey.
IMO Nader is a hard working man that has good intentions, however his skill set presents challenges that cannot be overlooked. If this does not go our way I will blame myself for not pushing harder for a competent CEO.
I have no ego in being right. I pray that Nader succeeds in bringing this incredible science to market to meet the needs of so many that can benefit.
GL to my fellow investors - we shall have our answers by early 2020.