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After Hours:
Shares 205,863
High $3.65
Low $2.78
Close $3.29
Pay attention here!!!
I believe Mallinckrodt manufactures Collegium's ADF Pain meds.
May well be who will manufacture Rexista for IPCI... and possibly even be IPCI's sales partner for the Rexista franchise.
Just a WAG... and certainly not my preference... but sometimes a smaller pharma will make the best offer if it sees, and wants, a product that could help it make that leap into the big time.
6 million shares traded in 2-1/2 hours...
or better put...
500K shares each traded 12 times in 2-1/2 hours.
At around 5:00, I had written and was about to post that the Seroquel XR approval "fit" what may have been the "news to come"... but decided not to.
Didn't want to steal Doog's thunder, since he's been posting every day about us getting Seroquel XR approval any day now!!!
There you go Doog - hope you're back soon.
Perhaps the partnership was all agreed upon and dependent on IPCI getting patent approval on PODRAS - so once patent approval was in hand... the papers were signed - and everyone was so happy, they had a drink on it ... and then they had another drink on it ... and then they had another drink on it ... etc etc and before you know it everybody was so shit faced they forgot we're hanging and twisting in the wind here!!!
The halt was during trading hours... not after hours... and the stock was trending up rather than down... so if there was a leak it hinted at positive news, not bad.
Why would someone halt trading with 1/2 hour to go, if it was bad news... why would he be deliberately calling attention to himself if the news was bad.
It does not make sense to me... unless Della Penna is the dumbest MF that ever lived!!!
Geezzz - I hope we're not left hanging this way 'til next week.
Is Della Penna a masochist out to torture the shorts and the lllloooonnnnggggssss!!!
The little guy on my right sholder is saying that the price spike up before the halt indicates a positive leak... but the little SOB on my left shoulder is saying it couuuullllddd be the FDA decided they need to do a phase 3 after all!!!
I hate to be a party pooper - but I just can't start celebrating yet with a full and open heart!!!
This is torturing me!!!
Pulaski NY - to fish the Salmon River and Lake Ontario for 3 day weekend.
Samsa... if it's a partnership we'll have a pretty good idea tonight what it will do on tuesday.
I transferred 20K shares to my Roth from a reg IRA - paying taxes now on less than $40K - hoping to cash out a million $ tax free within 5 years!!!
remember
20K shares today makes you a millionaire in 3 to 5 years!!!
I feel pretty safe in that it's going to be good news - there is always a hint in the stock that someone knows something - look at that positive action in the stock price before the halt.
for me... what would work well is $12 up front and contingencies for an additional $35 for the course of the next 5 years
Get my pie now... with ice cream on top.
I can't express how a nice sum right now would fullfill my life.
This has interrupted my packing for my Salmon Fishing weekend... but I can forgive it if it's what I'm hoping for.
$40 million on filing - $50 million on approval
he was suspended along with Doog
I'm upping my bid on those 100 call options to 75 cents... I think I just got a better ladder!!!
We're all excited in a positive way - we're assuming good news - I sure hope so or it's going to break my heart.
I think if Isa crashed the Lamborghini they would have not halted the stock.
It feels like Della Penna is giving the shorts the finger!!!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=125630524
I'm hoping for a healthy partnership - with a $40+ million up front payment!!!
BUONA FORTUNA TUTTI QUANTI
Due to that pretty substantial article on Alpha... 1557 new sets of eyes are looking over IPCI now and I can see that possibly 10% - or 150 will/may take a position within the next week or so... I'm sure they are perusing it now.
Biotech Research Group (1,554 followers)
I think there are quite a few new investors looking IPCI over right now... and we will probably acquire some new investors in the next few days.
Are you all loaded up???
An open invitation to make 100% on your money.
Creating a win win situation with someone less risk tolerant than I am.
1. Buy 10,000 shares of IPCI at "say" 2.20 - should get a chance at that today. - layout = $22,000.00
2. Sell 100 April 2017 $2.50 call options (to me) at the now offered 55 cents each - intake = $5,500.00 so your total layout is = $16,500.00 making your net cost per share = $1.65
p.s. that offer of 55 cents is mine and I think it's quite generous!
So your break even is $1.65 - IPCI can go down to $1.65 and you'll not have lost anything.
If IPCI stays where it is by April 21 2017 you will have made 55 cents so your profit on your 1.65 investment is 33% for ~ 6 months, or 66% per year.
Your maximum profit is capped at IPCI going to >= $2.50 in which case you'll make 85 cents ($2.50 paid you less $1.65 your cost = 85 cents) which is ~ 52% for 6 months or over 100% per year.
FYI my break even is $3.05, my 100% yearly gain is if/when IPCI hits ~ $3.35 and there is no maxing out on my profit above $3.35 - so you get the low hanging fruit, which is fairly safe picking... I get a chance at possibly way more fruit... if I don't fall off the ladder!!!
Any takers???
Commented on the Alpha article.
I don't think necessarily shorts... MM probably filled a lot of orders yesterday from their chest... and probably replenished it today... It's all a guess of course... we'll never know for sure... like looking over a lake and guessing where the fish are.
What we need is a healthy partnership... that will change everything... no reason this should not have a market cap at least as high as Egalet.
There are now almost 4 million more shares available due to the last offering.
These shares were sold for $1.61 to investors/traders who don't give a shit about IPCI or IPCI's future.
They are right now up 40% and that's good enough for them... since they only buy the shares in order to get the warrants anyway... if they can sell off the shares for break even or a small profit, that is fine with them.
They also then have warrants for almost 2 million shares... they will undoutably short against those warrants... use them as security in case it goes against them.
Say the stock pops to $6.00 on good news... they will be out there shorting and driving the price back down so they can cover at say $3.00 using the warrants as guarantees... and if it goes against them, and more good news is released, they always have the warrants to fall back on.
We need back to back good news to break their back... catch them with good news while they are heavily shorted to force them to exercise and relinquish their warrants.
Della Penna made one of the worst deals I've ever seen when he got in bed with those dogs... now we have and will have fleas!!! until institutions move in and buy up any shares the warrant holders will short.
2.32 hits + 10% - buzzers go off - MoMos might jump in - who knows
Here's a fund buying in ... this is not retail!!!
I don't believe this delay in filing is due to completing the paperwork... most likely due to negotiating a partnership and partner wants to peruse the application before it's sent to the FDA.
I just don't think they could/would have been this far off in estimating how long it would take to complete the application.
Tobira's pps was ~ $4.75 with a consensus analyst price target of $19.00 when the following buyout offer was made.
A credible NY Times article on leaks - for educational purposes only!!!
Not saying there is any credibility to the IPCI takeover Rumor.
http://dealbook.nytimes.com/2013/04/29/studying-the-dark-art-of-leaking-deal-talks/?_r=1
There are so many possibilities re: the rise in volume... and we're not likely to ever know why... unless possibly yesterday's buyer was the same buyer as last week and he/she has now accumulated over 1.6 million shares, which is over 5%, and be required to file a statement of ownership... a possibility... not a probability.
Another possibility which would eventually be disclosed is as follows:
In many cases when a meaningful partnership is signed... as we expect to happen with IPCI and XXX, then XXX will require a sizeable buy into the company... in the case of IPCI my guess would be perhaps a 5 million share stake... and that stake is usually provided as unregistered shares by the company itself... thereby diluting it somewhat.
In this particular case... the Odidi's may not be willing to offer that stake, because it would dilute their ownership in IPCI and possibly lead to a loss of control of the company... so perhaps the partner XXX may be required to buy the 5 million shares in the open market... and that, may be what we are seeing... if that is the case... that too will eventually be disclosed.
Collegium has gone from a low of $8.94 to $15.30 close today in just 8 days...
Maybe some funds are taking positions on the ADF Opioid formulation biotechs seeing as to how the overdose issue is constantly in the news
C'mon doog - you know the rumor is all bull - snap out of it - why would the odidis sell out for the amount they may well get on the Rexista partnership alone???
It's all bull - they are not selling unless there are contingencies that would add up to $2.5 billion - and that is not likely to happen now.
ps - You're greedy doog... $50.00 a share would do me!!!
I think buy out rumors are bull... but I would not be surprised by a partnership announcement... not necessarily today but soon, and someone got wind of a pending partnership and jumped the gun.
I kinda believed that any partner - which is bound to be larger and better versed in FDA filings than tiny IPCI, would want to have last say on dotting the i's and crossing the t's... after all... a delay in approval is money.