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I think you’re spot on there. They agreed to a change in control of the company to Ridgeway. I just highlighted that from the 8-k. This already is a reverse merger it seems. My guess is that the heavy accumulation is from a 3rd party, possibly big pharma-connected that wants in.
So you’re in at .19 then? Hey that’s still an easy 5 bagger :)
Change in Control issued/acknowledged :
From 8-k p1
As a result of the issuance of the Common Shares and Series F Preferred Stock, Ridgeway Therapeutics became the owner of approximately 54.14% of the Company’s issued and outstanding Common Stock. Furthermore, by virtue of the issuance of the Series F Preferred Stock, Ridgeway will vote on an as converted to common stock basis which shall be equal to eighty percent (80%) of the issued and outstanding Common Stock post-conversion. Accordingly, the board of directors of the Company has determined that a change in control of the registrant has occurred.The Company did not have a prior relationship with Ridgeway, or any of its principals, except pursuant to the terms contained in the Termination Agreement and its previous relationship under the Licensing Agreement.
https://www.sec.gov/Archives/edgar/data/1421204/000121390020030660/ea127966-8k_inspyrtherap.htm
Wow nice work: This is the part I like best
Dr. Hislop served as Vice President of Clinical Development at CV Therapeutics where he developed and filed an NDA for Ranexa for angina. CV Therapeutics was acquired by Gilead for $1.4 billion.
This guy has gotten a 1.4 billion dollar deal done with Gilead, and his company just acquired 54% of $NSPX.
I would call that MUCHO significativo!
10-4 ty, very interesting. It’s very fun to be right, lets hope we are ;)
Well what better way to get the shares moving than to issue a PR such as Friday’s? It brought millions of shares to the surface so a possible new major stake take holder could purchase them BEFORE filings hit, at which point it will be insane and very hard to purchase them at .02. I’m looking for form 4s, and Ds this week. The names on those could send this to a buck in short order if they are well-known.
Without the hidden bid that I mentioned, this would have dropped back down to .008 or lower. That hidden bidder was what kept this climbing. Look at the accum/dist line.
IHUBers are here, and most of them took profit and left.
The hidden bidder needed this flush out so they could accumulate on the cheap.
I know, my only point was their flush-out strategy prior to a 3 day weekend (for lots of people) is simply for added distraction in order to scoop up shares at a better price. Regardless if the market itself is open, there are less people watching than normal. Camping trips etc. I know Columbus Day isn’t the biggest 3 day of the year...the other one I was in did this right before Christmas when few people were looking, so I think it is a tactic
Oh no, they went at the ask, but it was so fast I couldn’t believe it because the bid was way lower, tells me there was a large hidden bid, also look at all the million share+ buys in the .02 range, I know I saw a few of those. Who tosses 20k at a “maybe”? Play. Either we had a lot of high rollers on Friday, or somebody knows something. Also, I believe that releasing the PR to flush out loose shares on a Friday before a 3 day weekend was strategic. Similar thing happened on another RM I was in
Going back to 2010 this patent has been mentioned in several articles in conjunction with Gilead. If a competitor is starting a spin-off company, I might get greedy
Hey Valerie,
Go to google and type in reverse mergers. They can be highly profitable, akin to finding the Holy Grail if you buy the right one.
https://www.stockrockandroll.com/blog/hot-penny-stocks/reverse-merger-penny-stocks-make-huge-gains/
Also google “reverse merger Hall of Fame” for some examples
Yes, on RM news or move to phase 3 trials.
Someone was buying heavy on Friday all the way to close. I put 300k on the bid in order to ride free, and they got sucked up in one nano second at .0207 when the ask had dropped to .0199. It amazed me and I immediately realized I should have held my whole stack. Looking to pounce on any dips to add to the 700k I have left
This was a highly successful IPO many years ago in 2006, under the name Genspera. The patents alone are worth way more than current market cap. If they are RMing with a partner/partners (I think there’s a yet to be revealed player here), then this could be a Hall of Famer https://investorshub.advfn.com/Reverse-Mergers-7308/
Wow. Great stuff! So many clues lining up here.
The stock market is designed to raise money via the public in order fund ideas/products that can compete in a free economy. The jealousy here is obvious. Lots of people hurt that they were not in this MONSTER RUN taking place. It held its massive gains on a Friday! Those shares were getting sucked up at %565 opening price all the way into the close. Somebody knows this is going to be very valuable in the near future. You can either get in on a multiple bagger, or watch or sit there and complain. It doesn’t matter, because it’s going up with or without you. Watch and learn.
Lol, Oprah....she was great,...is great, I should say, and I’m a “conservative” white guy, that really enjoyed her show when I watched it back in the day with my black female roommate and her white gf who was my gf....high rent area of CA, it made sense...
Anyway yeah it just dawned on me....”wait a minute, they got 54% for giving back what they took?”
And I was like, woah, is this possibly an RM in progress?
Anyway thanks for the follow up and ensuing DD, this is getting really interesting
I have a feeling it’s going to be a wild week, seriously if there is a reverse merger in progress then hi silver is not out of the question at all
This is very similar to what happened with TGLO a few years ago except they never had a PR only initial filings it went from .006 to .02 And a few weeks later shot up to $.30 after everyone figured out what was going on
I think the pr was just a means of flushing out loose shares so they could be bought up before the filings hit
There was a share sucking vacuum set on full power Friday. It was grabbing everything it could get. Day traders and P and D artists don’t operate like that.
Sabby has a 10% stake here, and originally this stock was a huge hot play pumped by MSNBC and all the others. Looks like it’s coming back to life. I suggest there’s something you don’t know.
The name is irrelevant. My guess is it will be another name entirely. But if they received 54% of the shares, seems Ridgeway is the majority shareholder already.
Do the math
If a 585% gain holds on beer Friday, something major is going on.
I find this deal very interesting. Here you have NSPX receive back its intellectual property and patent with all developments conducted by Ridgeway in exchange for 54 percent of the company. Seems like a reverse merger is taking place and we’re so excited about the run that no one is mentioning it.
Also, my initial purchase was for 1 million shares at .008. As it ran into the afternoon, I wasn’t sure how power hour would play out, so I put 300k on the ask at .0207, expecting them to sit there for a while since the price was dropping fairly significantly at that moment. BOOM my shares were SOLD in a flash, telling me there was a hidden bid ready to pounce. They went so fast and in one hit, that it made me wish I held them, but “free” rides are always nice. It just gave me the feeling that something massive is underway here that we haven’t fully comprehended yet.
500 share buy a min ago was gap up signal thanks ...was preceded by 100 “I need shares”.
I hopped on a rocket!
These million shares bids tell me .05 short term maybe today, .10 this week
Whale attack!
I was wrong, this is going to hit .10 soon!
MMs are steadily accumulating, driving out quick flippers, this really could see .03 today, something huge is underway
Steady climber! CDEL heavy on the bid along with ASCM, this is being accumulated for a major run!
The NEWS hasn’t even gotten out yet! This is epic!
52 week high is $1.13!
This can close at .02-.03! TODAY!
Good deal man then you know I’m right The only reason why that other one is trading as high as it is because people don’t understand how the FDA works This one here has 10 times more going for it, the smart play is for people to get over here
You can tell me a lot of things you can tell me that your dog ate your homework you can tell me that your mother doesn’t love you but don’t tell me that the stock is not worth at least two cents
This was a one dollar stock look it up
Watch, it’s coming
Should be trading higher than ENZC