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They're voting at the end of the month to increase the authorized share count to 150,000,000. They need the ability to issue stock to raise funds and potentially fight off an unwanted purchaser. Also to increase liquidity.
Impressive presentation. Slide 40 shows the compassionate care patients. Hopefully we get positive data in April
The p2b enrolled 148 patients with moderate to severe Alzheimer's
They were treated under the compassionate care designation and weren't part of any trial.
You are correct...I should stop doing multiple things at once!
Efficacy has already been proven when NIH tested the compound for cancer treatments years ago.
Everything else you point out is valid and will shape which way this thing turns out. However, if this goes to P3 and that result is positive then the company will be BO for much for then $10B
Even with this move it's trading at $0.41 per share, pre split. Crazy undervalued.
Also think it's a requirement in order to uplist to Nasdaq.
according to what math? 40M x .0014 = 56K
a few days to a week
Not the first time that's happened mid day. Let's see where we close b/c if we bounce off .0022 and end above the middle bollie it could get interesting (in a good way).
Wasn't the last filing for the media co acquisition?
Maybe this one is for good news as well.
thanks
Any news or reason for the move?
It's likely a long with a big position (who bought in the 1's) protecting profits.
Meant it in a rhetorical sense. I don't think he's actually shorting. I think he's showing up to make traders think twice about initiating a new position. Feels like the MM's are trying to hold this down for some reason.
He's playing games. If we got 5-10M shares worth of buying pressure he'd be gone quickly.
Be careful here and take profits if you have them...haven't read the whole doc yet, but it doesn't look like the winning bid is enough to cover the secured liabilities. if that's the case, commons will eventually get wiped.
what shell? I'm on mobile and can't see 'links'.
then waste over $200K paying off notes? If they were planning a RS why would they care of the OS count was 250M shares higher?
Where did they state a RS was coming? I've read Dror saying that there is NO RS coming.
do you happen to know the timeline until the next phase is initiated (2b)?
new distribution?
The ask is so thin right now...all we need is a little buying and this could fly.
to0 soon / early to know
feels like something is percolating...yahoo wouldn't be wasting time and spending lawyer fees for nothing.
esw capital?
they're not fake...they just absorbed 154K shares
link?
Think it'll drop at the beginning and then start to move up
Q's are tough and dangerous to play, so be careful.
Having said that, I think this one has the potential to be unique, which is why I'm here.
You're looking at it the wrong way.
Everyone obviously wants to pay as little as possible. In order for Yahoo to buy them, they'll have to pay more then the current offer...how much more is anyone's guess.
If the final purchase price is high enough to take care of the obligations in front of the commons, then the commons retain value. If the price isn't high enough then the commons will be wiped first, then the preferreds and so on.
It all boils down to the final price someone pays and we'll get some more clarity on that after tomorrows hearing.
the commons will have value if someone pays enough $$ otherwise the commons will get wiped
Spot on. Further, BMAK will start falling back just like VFIN did once they were running low on shares to sell.
Appreciate that and I'm certainly not trying to get in a pissing match with you...
They sought BK protection b/c they couldn't fund themselves anymore (with $30M+ in Revs!!!). They came close multiple times to reaching CFBE, but couldn't get there b/c the mgmt. team kept raising their already sky high salaries.
HIPP is going to be hugely accretive to whoever buys them. It remains to be seen if the commons will get anything or not, but we should have a better idea by tomorrow afternoon.
That's just not true in this instance (assuming the stalking horse bidder doesn't win).
HIPP went BK not b/c of a crushing debt load that needs to be repaid / restructured. It went BK b/c of bad mgmt. over paying themselves and doing a poor job running the co.
IF other bidders emerge and they are willing to pay let's say $15M (1/2 2014 Rev's) for the company then the commons wouldn't be wiped out.
Today was just a trader day...real news comes out tomorrow and people will front run it tomorrow AM.
My guess is that we sell off to open (scare the weak hands) and then increase throughout the morning until we get news, good or bad (is yet to be determined).
yup, just traded 300 to knock the price
Maybe, maybe not...read the court doc's from yesterday