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Correct. As of Monday we move back to original Aspire Agreement. We still have 22 million available as long as SP is over .25
BTD should hit this month. IMO. A good catalyst.
Hoping for a deal though.
The agreement was that one of the milestones were ANNOUNCED prior to the 30th. Trading Days per the agreement counted as....if the company announced prior to market open....the share price needed to hit .50 on that day. If they announced a milestone during trading day or AFTER HOURS per the poster I was responding to....the next trading day would be the day the SP needed to hit .50. So when someone suggested that Friday after hours would be a good time to announce....it would not.....because this Monday would still count for share price to hit .50
We have been thru this I thought? That 170 number was if they hit milestones and the extra 5million were sold for shares. We did not hit milestones saving dilution. Yes no cash was accepted but no shares were given. If ipix and BP are friendly and a deal is at a confident level to go thru....We will be 10’s if millions less on OS. Leo and Art are hopefully confident and ready to move on to the next offer if this BP drags feet. IMO.
Thank you. Either have I. I’ve witnessed deals take long times and communication shifts. I feel like that is what has happened here for a couple years now. Let’s hope we hear something soon.
Who has talked to Leo in the past 30 days? Honestly! Cable have you?
In the 10-K. Sec reporting documents.
No. Because if that happened per the agreement the share price would be allowed to count on the next trading day. So Monday would count and any news at this point squeezes and will reach .50 in a second. I don’t want these milestone shares if we are going to close a deal in the next 30 days.
Let’s stay at 163
I would think we have to wait for FDA meeting and BTD, but it would be rad if they drop a bomb on Monday - nothing would have changed but share hands....and we skip dilution ;)
Term sheet was signed in Aug. deal pending for OM and IBD. We should know within 90 days or move to next suitor.
The above is what we wait for. It will tell us which way to pivot. Ie seek new financing, etc...
BTD for OM is under review. W fda
P results are held hostage until we pay the cro.
Let’s see .25 to 2.50 in short order.
My only hope. Is that something drastically changed the landscape between June 29th and early Sept 10K
That is all I can be hopeful for that MGMT decided these Milestone payments will not be needed for a very good reason and therefore do not see the benefit in diluting shareholders another 15 million shares.
Good news: BTD is CURRENTLY under review.
TERM SHEET is in final DD stage for OM and IBD
MGMT are still extremely confident and excited about Prurisol and Kevetrin. We just need money to push those drugs fwd.
I’m still confident in a deal mostly because the indication for OM is a lucrative untapped market. If this current BP does not bite, there are several others waiting behind. If I were Leo, I’d start talking to the others and give the current Term BP a deadline.
Agree. As the 10K stated. They feel they will not hit any milestones. People still holding out hope are being foolish since the 10K. IMO.
I love when bios look bleak above the covers. Then you get under and see they are truly valuable. One day closer.
What a great day to be alive. Ipix is working hard to help save lives and in turn will create shareholder value. Good things are coming!
My guess is we have a new employee soon. Just my guess. I’m still confident in a great end of year
Thank you. Big difference. Imo
How long are the patients hooked up to IV....after being hooked up for their cancer treatment? I can’t remember
Private company. Details on data skeptical. IV based.
Nothing. It was Jorgenson from the start and once his part was done he gone.
No. Dr J got B-Absssi thru. We will find out in the next 6 months or sooner why this happened. Dr M is gonna be rich very soon basically.
Someone said we open high close low? Man o man you guys are confusing me
A deal will be inked. I’d say we have to wait for BTD and fda meeting but who knows. Less upfront and more milestones could easily be negotiated.
Agree. That was one good takeaway. The other is additional funding if deal takes longer or falls through.
Overall Goal: ink a deal. That is what matters and what they are finalizing
All this other garbage here is white noise.
Hey! Atleast we have never failed a trial and have term sheets
163 and that will not move up if no milestones are hit.
Pete. The only thing at this point that will boil my blood is if we actually hit milestones by end of month and this takedown was coordinated for Aspire to receive double the shares. We all know if we hit a milestone....50 cents is a cake walk....so as we get close to end of month....this 5 day average sp is in the low .20’s. Something to watch.
Hopefully for your 1.4 million dollars invested
Let me be clear! I do not believe we do go this route. But if necessary it can happen and w can still succeed.
At the end of the day the company will be valued the same - with 1.6 million or 160 million shares.
Ha! With a good pipeline...actually a phenomenal pipeline Leo could RS this 100/1 and bring the OS to 1.6 million and boom we are on nasdaq and moving forward with phenomenal financing. I believe we seal the deal in October and never look back, but all your BK talk is unlikely with our pipeline. Sorry
I said I am in another RS stock with good product - going from 13 to 7 in first month and now over 160. RS are not the worst case if you have a good product
Why? In reality and behind the scenes they are doing exactly what makes sense for the business and shareholders. The share price will react in a positive way when they meet their goals. Closer than ever. IMO.
There is not one ounce of fear in this man. I believe this deal with BP on OM and IBD is going to happen and it will make the BP very very very rich. We may not be getting what we could have if we had a stacked bank....but it will be a great first deal IMO and I think the milestones with the IBD portion will end up into the hundreds of millions and the if B-IBD pans out, we all will be very happy. I was looking at some previous IBD deals and they are in the 300-700 million dollar range for pre-clinical stuff. We have an anchored drug in B and a small PoC phase 2 done with IMAGES and VIDEO"s ----- huge difference than a pre-clinical!
I am ready. I think P data will be amazing too......and it will be a great catalyst after the deal is struck and we can afford the data. Possibly a deal for that too right away.
MrW. The only thing that I see as concerning is the fact that IPIX APPEARS to be taking a gamble and putting all chips in the pot to close the deal with B-OM and IBD. That is concerning, however we only see what is going on through a very small window. We don't know the relationship between this BP and IPIX...it could be a very good contact/friend to Dr. B and a BP that has been following IPIX for years... So to IPIX this is not a risk at all, it is a done deal in IPIX mind and they are legitimately just waiting for the End of Phase 2 meeting to be completed to sign. So to us shareholders and public it seems concerning as we read this terrible 10-K which advised we are going to miss all Milestones and don't have enough money to pay for P results, etc......but when in fact there really is no concern and actually for investors this all ends up in our favor as we don't give Aspire an extra 10-15 million more shares for milestones because we don't need that cash at the end of the day.
So lets say the gamble does not pay off and it is a concern. There are many more ways this company moves forward. This is not even close to doomsday like everyone says. New finance agreement, take a less deal from a competing BP, give equity stake to a BP, Reverse Split, etc...etc..... There is no bankruptcy chance at all. I believe if everything crashed around us IPIX could still sell this entire company for over a billion dollars at this point. That is just under $5 a share.
Enough out of me....I will support this stock tomorrow and buy another 15K shares. If it is down in the .25 area. I am making good money in other stocks that will probably cool off soon so I'll support IPIX.
COME ON LEO ---- Close that mega B deal! :)
Expenditures on Prurisol were approximately $4.1 million during the year ended June 30, 2018. We expect expenditures on Prurisol to continue in future reporting periods, as we complete analysis of the study. We have entered into multiple non-disclosure agreements with pharmaceutical companies that enable us to continue ongoing discussions regarding potential partnering should the trial results support such a relationship
So here are my questions: Is IPIX analyzing the data or does the CRO? When we received the data lock I thought it was all good with the CRO and then our team gets dirty and has to dissect the data? Does anyone know?
The above also makes it sound like IPIX can discuss the trial info as they find out more and more with BP, during this completing analysis period. I'd love a clarification from Leo on how this P phase 2b data analysis goes down. Why do we owe the money? etc...
Keep in mind. Aspire received 8 million shares on June 29th for 2 million dollars. I assume they should be close to done. I also assume zero shares below .25 are from Aspire. We also know zero shares are being sold to Aspire until October 1st (unless milestones are hit) and the SP must be over .25 per agreement where ipix still has 22 million available in financing. When you breakdown this bleak picture here, it’s not bad imo. I’d like to see a deal early October and get P results in October too.
They are coming. Gut check time. ;)
Keep up the great work Leo in closing IPIX's first deal!
Close the deal for most likely in the 100's of millions if IBD and OM are both included. Setup for 100 million plus milestones as reformulation and late stage trials are met. Allow the BP to take on all dev and trial costs and setup a sweet tiered royalty plan. As JUSTFACTs states this should closed within the next 30-90 days as we are already possibly a month past August. Once the deal is done Leo - go celebrate for a week and come back and throw the cash at the CRO for Phase 2b data and drop that on shareholders with unbelievable results. This share price will be in the many of many dollar range if this happens - I am excited.
IMO. It’s been said here before. This is boilerplate GOING CONCERN section of a K. The fact is...there is other financing available if need be. There is reverse splits, there are a million things IPIX can do to get money. It’s not like they have crap products with major safety issues.
Ipix is working hard now with a single BP that out played a previous BP from my understanding. IBD and OM are on the table for a major deal. Ipix first deal. Let’s see if they close it. If not the many other options step up. IMO
I’m in one that RS and came out to .13 after split. Dropped initially to .07 and today is up to .90. Loved grabbing those .09 and .10’s. That’s how I’ve accumulated so many ipix shares. I bet I see 3-4 dollars in next few months.
Anyway- I don’t think ipix needs to do anything if they close the mega deal. And I’m 79% confident they will
Right. I went thru older Qs and Ks and it differs each time. The previous Q was 2 million owed to CRO. So it looks like 2 more was added. So we have paid 4.1 million thru June 30th on p for the year. So now we owe 4 more making it an 8 million investment for the year? Sounds like we dropped our drawers using this CRO. IMO.