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Yeah, Feuerstein is the scumbag. LOL.
"Has no idea what she's doing"
Do you really believe that? Lol.
Powers will likely try to unload every last authorized share left before leaving the shell or reverse splitting.
$7 million in assets. This is a 5 cent stock at best.
The penny biotech space is littered with executives, analyst, and institutions who survive on the assumption that shareholders expect a fair chance at ROI. It's a concept long go by.
Nearly the entire penny land biotech space feels like a scam. It's out of control and "leadership" just continue on or walks away. It's like giving cash to charity without the tax benefit.
With just $7 million in assets left while "leadership" takes large salaries?
Powers pulling in half a million dollars. Les and his wife nearly as much. Just $7 million in assets remaining. Excellent work all around! Lol.
The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 2 to the financial statements, the Company has suffered losses from operations and has negative working capital. These matters raise substantial doubt about the Company’s ability to continue as a going concern. Management’s plans concerning these matters are also discussed in Note 2 to the financial statements. The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty.
/s/ Marcum llp
New York, NY
April 17, 2017
SEC Investigation already priced in? Lol.
Actually if you look at the 10k it mentions NovoCure may be the way.
The company clearly states there is an investigation with subpoena's and the whole bit. Otherwise they'd state they are full cooperating into the SEC investigation of another party and not club their shareholders. Stop the nonsense please.
Oh sure, makes sense that the company would want to continue to burry their shareholders by not mentioning that little item. Lol.
Powers pulling in half a million dollars. Les and his wife nearly as much. Just $7 million in assets remaining. Excellent work all around! Lol.
The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 2 to the financial statements, the Company has suffered losses from operations and has negative working capital. These matters raise substantial doubt about the Company’s ability to continue as a going concern. Management’s plans concerning these matters are also discussed in Note 2 to the financial statements. The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty.
/s/ Marcum llp
New York, NY
April 17, 2017
Absolutely.
Nice work of you can get it. No wonder Powers needed anther raise. Lol.
Mr Jasinowki received total $450,000 cash in 2016 for certain prior years director fees, which included $50,000, $100,000, $150,000 and $150,000 catch up fees for 2012, 2013, 2014 and 2015, respectively. Mr. Jasinowki has not yet received his director compensation for 2016, which will be $150,000 and will be paid in 2017.
Just as I suspected.
"The investigation is ongoing and the Company is cooperating fully."
No. The launch of the investigation came right after that London Times article where Woodford was complaining about horrible corporate governance.
You're right out of Glengary Glen Ross.
Wrong! 22 cents proves it's much more than that.
My holdings are dust. I keep the shares just as a reason to continue watching this disaster.
No doubt he recouped much of his losses by shorting. He's probably holding for a better position in a suit against Powers once the SEC competes their work.
So much fantasy. You people are mad.
What nonsense. Investors can't be forced to hold a stock into bankruptcy because they "know" something. Complete bs.
After that London Times article where Woodford stated there were serious governance issues, how couldn't the SEC investigate?
So Powers is good at raising cash. Woodford's turn to take the billionaire club's cast net out for a trawl. Makes Liau and her colleagues very happy. Trial and commercialization never really in the cards.
The reverse split is management's friend. It's how they hone their craft
Making Feuerstein into the boogeyman. Maybe you people do have some talent??
And I'm betting, if it ever shows, the next day the top line data will be pulled apart and shown to be inaccurate.
Like waiting for Bigfoot. Lol.
That doesn't matter just as long as poor shareholders lost the case, as they almost always do.
You're talking about a Shareholders Reward Program. I asked the same question over on Peregrine and got no answers. The obvious answer, seems to me, is that leadership does not wish to have direct responsibility for putting shares into shareholders hands and that larger fees paid to brokers are more important than shareholder loyalty.
Yeah, Feuerstein did all that. Blame him. Lol.
The talent requires real money. The real money likely comes from the shorts hiring pumpers.
Don't even bother trying to get through to Doc. These are just daily affirmations while management goes about its day doing nothing the comes even close to his process description. Sadly, Phase Five and the investigation very likely never even got off the ground. And Powers&Co. hold no calls to even ask the question.
It has nothing to do with being "Involved". Just keep the money coming for research is all that matters. Take a look at the man made CO2 global warming nonsense; Nothing better than the threat of yanking a good salary to help form consensus.
Well said.
Lol. So many conspiracies! Yeah, a story about a former Bush public servant, ex Enron executive trying to finish up her career by curing cancer...except for Israel and a nasty billionaire standing in her way. That wouldn't make a great news story. Lol.
Just like when Peregrine's cancer trial was alleged to have been sabotaged by one women and some players in the background. Nobody was interested in getting that one out either. Even the shareholders never really got a straight answer.
These stories are all just created to consume retail in some crazy soap opera. A hook to take your money.
It's called branding. 60 Minutes....Of course they can.
Feuerstein is one of the very few addressing snake oil salesman in biotech. He's much appreciated by any investor with common sense.
What a great story for 60 Minutes. I wonder how many times Powers and Les have submitted their story to get the outraged public behind them? Oh wait, think I know how many - ZERO! Lol.
He was working to get on Trump's team and probably is still. Face it...The guy was a no show. Powers likely used his impressive credentials to pacify shareholders just long enough to get to this point...broke and broken.