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Actually the press release today says that news is not coming until the next "several months" if you read it. I know the ceo meant well, but he gave away they have nothing to announce soon so its a short-fest until they do.
It was the giggling that gave it away to me
Since the merger failed, do you think they will come up with an offer that resembles something coherent and reasonable? I mean sending letters "urging" people to jump off of a cliff is just a waste of time and resources.
This is complete conjecture but is it possible that some shareholder group somewhere has pissed off the BOD or CEO and they are doing this for that reason?? It will be interesting to see if they can return the mistreatment to put the George Bushy on the Sadaam Husein.
lol VoS, like I read on the yahoo message board about 5 minutes ago, all we need now is the PR threatening bankruptcy.
I have no doubt that Simes is acting on behalf of the acquirers. So before you blame it on Simes, please give equal responsibility to the acquirers, who in this case seems to be ANI or whatever entity is behind that.
So your moniker could just as easily be Victim of ANI.
Now that the merger has failed, we can obtain a realistic valuation on the open market.
I guess if the company buys back shares and retires them, they will eventually close in on the vote needed.
I'm not sure anything will change in the next 4 weeks. The record date for the vote is still Jan 17. So even current buying won't add yes's. And it won't remove no's either.
There are probably just a lot of accounts that had 100-1000 shares of BPAX pre-reverse split that are sitting there with 15-150 shares that don't really care what happens.
We're not asking for any more than a fair share of the company.
Its so ridiculous it could only be conjured by big pharma. :p
Maybe they don't look at investors as "funders", they look at them as leeches that are getting a free ride on their work. So maybe from that point of view they don't think we deserve much.
FDA can change their minds. Look at CHTP stock reversal; they changed their minds because their leadership didn't back down and forced an appeal.
My advice to the BOD:
1) Pretend that you care about the shareholders if you refuse to resign.
2) Carry out business as if ANI had gotten the merger. Apply for all ANDA's in your own business name or in both names of Bpax and ANI as a partner. Begin production, marketing, and sales of any and all products believed to be available to do so. Work out interim terms that are favorable to both BsOD.
3) Begin working on a new merger agreement that is both succinct and coherent, and devoid of incoherent drivel and hidden schemes. It should be less than 4 pages long and easy enough for a common BPAX shareholder to understand, or contain, at its preface, such a listing of simple items. Included in this merger agreement should be appropriate valuations.
4) Prepare to make cutbacks in BOD salaries so that these prior steps can occur. Because we have taken an 80% loss, it is only fair that salaries are reduced to 20% of original terms.
5) Keep calling shareholders for ideas on how to make #3 work for all, including, but not limited to, share buybacks, private placements, royalty arrangements, cash dividends, share dividends, and public marketing and sales announcements.
I have to agree out of common decency that such a proposal shouldn't have even been considered.
Nope they don't have the votes or they wouldn't be calling everyone. Not going to happen. In fact it didn't happen.
The alternatives include: BPAX buyback to get company valuation to realistic levels, interim production with mutual ANI/BPAX % revenue gains on joint venture products, or the one I like best...
I think the most fair thing going forward is that ANI buys shares on the open market until the merger vote can happen by their own votes; (perhaps through more funding or private placement of their OWN stock).
for those of you that still think bpax management is the enemy I'd look more closely at ANI and/or the pay to delay sources in JTFM's posts.
Meanwhile this 6 months they can use ANI as an interim production partner with interim production project terms until an agreement of merger terms can be reached... Thus generating revenue and pushing projects forward.
At this point there is nothing to talk about it didn't happen. Start the new plan.
It would only take a 5million share buyback to force a cover.
But if they issue a buyback that can happen immediately.
Biosante and ANI have enough cash to do a buyback and get their vote. Won't take that much.
Simes told me the Biosante royalty on GVAX is about 6 to 8 percent but wouldn't say exactly, 7.5% is kind of standard.
Looks like what was once support at 1.30 is now the resistance. lol.
Looks like what was once support at 1.30 is now the resistance. lol.
I've spent three years building a nice stand of perineals with my wife. I'm just doing flowers for now but grew peppers in grad school, love peppah.
just go back and revote it on proxyvote.com
I will have my grandmother make that point, albeit more tactfully, at the shareholders' meeting with my 96 year old grandmother. She's a firecracker. She will explain to them that to get paid you have to earn money. Not show up for work and fail, but earn it.
I will change our votes to NO on the merger today as well. Professors' terms on yahoo are much more reasonable. Thank you spunky and mace for your comments, jtfm, pete, win, prof, catty, and all others sorry if I didn't mention.
I don't think its really up to us to do anything. Vote or no they get their way. Period. We're not giving them anything they don't already have. But do your no vote thang and maybe my thoughts are proven incorrect! Wouldn't that be great! Then you could be so right it would probably HURT! LOL.
I just think this is a done deal and I'm accepting it and ready to see whats on the other side.
Don't think of them as crooks cici, they always do the same things and they are very predictable. So as you familiarize yourself with these patterns of trades and pricing you'll learn to work with them (by putting them to work for you) and simply letting the big machine do its thing.
I'm waiting for a better reinforcement price. My guess if this has any real value for the big pharmas, they will hire a market maker firm to starve out the longs before they take it.
Wronged or not the question is simple, what are you going to do to help the (still) viable company that was originally named CMKX? How are you helping anything now and how does this conversation serve a positive purpose for all of the shareholders who still own a viable company? How many ways would you like me to ask this?
We know your opinion about those that formed the company originally and your comments are perhaps warranted, but we have put that behind us and are now working to bring the (we) investor's goals to fruition. I am asking how you would like to help us.
Having stated our position based upon your original viewpoint of the foundation of this company, and taking into account any other such opinions, what is/are your plan(s) moving forward to help the company and its shareholders?
Although your benevolence is kind, you will have further trouble having me believe in the sincerity for the time-being. The entity wronged here is not you, but rather, the company, including legitimate shareholders.
Thanks for your info Pedro.
I think Janice might finally realize that it wasn't just cmkx and UC that were behind all of this, and that the shareholders are right when they trace the list of wrongdoings to her bosses.
and I would bet if we did have a shareholder meeting nobody would be pulling up in a CMKX H1 Hummer
I can see why the new CEO would use paltalk to take questions, its probably the core of the positive shareholder base. Its transcript can be easily pasted to the other text forums, and the recordings can be posted to web site for people etc. We have the shareholder base of a large company, so there really is no easy way about these things, and this is the most cost effective. This guy may be making sense! And that is an improved situation for CMKX.
what does everyone think of mp3s linked here from acca recently?
http://www.411-room.com/documents.html
why is acca more cryptic than Jesus when answering questions?
fraudstopper,
I think most of us just want the SECs link to the brokerages' scam stopped. We don't expect riches from it, we just proved it exists and must be cleaned up. So that generations to come can play on an even playing field, like used to exist, when men were men, and most had integrity.