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stevo99,
You state:"The commitment fee allocated to the future milestone funding of $2.2 million was fully expensed under Other Expenses, because it is unlikely that the Company will achieve any of the three milestones by September 30, 2018. (see Note 13 to the accompanying financial statements)."
Sounds kinda like the ¨Erhlich loan¨ to me.
If they only had a secretary at the ready to answer the phone, who could convey investor´s questions and relay concerns to executives, thier(Erhlich and Menon(Management)) dedication to the causes may have persevered. At this time, it´s appearing twas never their goal, operating on a shoe string budget, with fat cat executive salaries, and mb secretaries.
IDK
tryz,
I can´t get too excited about a non-binding agreement, and don´t understand why anyone would. Can only speak for myself, in the building trades one submits a bid as detailed upon the Owners plans and specifications. You submit a bond with the bid(in the event you don´t follow through), and sign on the dotted line with the Owner, each BINDING themselves to the contract.
Friends, perhaps?
IDK
Haven´t read the 10k, but believe it covers the period ending 6/30/18, at which time the deal and data lock would be the only items that would HAVE to be reported.
I don´t think it´s against the rules to report some events since the reporting period close, but IDK for sure.
Will leave that to the man in the mask(LR:).
kfc
nerby,
It should also be noted that the last 2 days of September are a Saturday(29th) and Sunday(30th). They realistically have through 9/28 to meet any or all of the milestones.
kfc
TheDane,
¨Stand by. Something’s cooking.¨
Begging the colonel´s pardon, but all this talk about being flayed, and now cooking, leads me to believe....
Uh, hold on, somethings burning...yikes, it´s me as I´ve been left tied and standing to burn at the stake!
nerby,
Ouch!;)
I think most here have two years before the mast regarding this venture(investment) and are ready to get off.
https://en.wikipedia.org/wiki/Two_Years_Before_the_Mast
In response to:¨I'll step up to the tarred oak mainmast now and wrap my arms around it and prepare to be flayed.¨
gas 2 fuel,
Unfortunately, this venture has been equalvalent to being exposed to mustard gas, but hopefully, perhaps, our knowledgable team will be able to finally stabilize the volatile compounds in development and attract committed, deep-rooted partners, who can steer us from this arid land of tumble weeds, dust, and bad gas.
Safe travels,
¨Better question, why can’t the wise investors wait 19 more days (and the end of high holidays) to see if the CEO strikes a deal?¨
Otay, I guess.
Echo20,
Why can´t the ¨WiSE¨ CEO, EHRLICH, at this pont in time(9/2018) muster a deal, which he declared, long ago, would occur, based upon HIS PRIOR PROCLOMATIONS, but is left with now 14 business days remaining?
David Copperfield?
GLTA
bradfordbios,
I am not looking for an argument, but I believe as some posters pointed out recently, that Rosh Hashshanah represents the Jewish New year. I don´t think that(Rosh Hashshanah) is synonomous with Christmas, as inferred by you, but rather with the Jewish New Year. I´ve always associated Hanukkuh as synomonous with Christmas, but that´s based on friendly associations, without asking deeper questions of them. Friends.
Should those that observe Rosh Hashshanah take off New years as well?
Should those that take off Hanukkuh, take off Christmas as well?
No offence intended to anyone, if I´ve misinterprepted the meaning of Rosh Hasshanah to it´s folllowers, but the posts presented, on both sides, are head scraching to me.
kfc
¨"I expect the stock will remain strong today ahead of price moving news expected this week.'
I really got that wrong.¨
JTO,
You state: ¨Figure at least 2-3 more run ups and then dumps by Aspire before end of the month.¨
I would think Aspire has been unloading whatever shares they had remaining the 6/28/18 deal date, leaving them 65 trading days from 6/28 thru 9/28.
If they held ~5% (8,750,000 shares) they would need unload ~144615 sh/trading day.
If they held ~2.5% (4,375,000 shares) they would need unload ~67303 sh/trading day.
If good news comes, they have already negogiated in a somewhat reduced buy in price based on aprior 5 day moving average. News not so good, they are free and clear.
kfc
SS,
So they enrolled less than than the estimated 19, to which you retort:¨10.5 percent less(17) is a lot.¨ It´s actually quite less than the other 89.5%.
If they were measuring statistical signifigance, then yes, but they were not as the sample size was too small, which brings us to the next stage.
kfc
SS,
C´mon, I have not recently cut LE breaks(because of his past stated vs actual time lines). In my opinion, estimated enrollment of 19 vs actual of 17, yeilds a differential of ~10.5%. For a small sample size study I see nothing wrong with how they handled, or announced, results.
Perhaps it´s just me.
IDK
kfc
JTO,
I screwed up(first time for everything:).
You are correct, the dates I posted are off by one year each. Should have been 2017(as noted in the links that were provided.
Amended version, thanks for the pointing it out:
The few curious things I find about the k trial is the fact that they announced on 9/14/17 the opening of a new trial site but list the primary completion date as 10/12/17. I assume all patients(both of them) were enrolled in Texas and none at the new site in Vermont.
They did indicate they gleaned everything they needed to know for a successful trial.
http://www.ipharminc.com/press-release/2017/9/14/innovation-pharmaceuticals-opens-new-clinical-site-for-novel-p53-drug-candidate-in-phase-2-ovarian-cancer-trial-1
https://clinicaltrials.gov/ct2/show/NCT03042702?term=innovation+pharmaceuticals&rank=1
DrBones,
The few curious things I find about the k trial is the fact that they announced on 9/14/18 the opening of a new trial site but list the primary completion date as 10/12/18. I assume all patients(both of them) were enrolled in Texas and none at the new site in Vermont.
They did indicate they gleaned everything they needed to know for a successful trial.
http://www.ipharminc.com/press-release/2017/9/14/innovation-pharmaceuticals-opens-new-clinical-site-for-novel-p53-drug-candidate-in-phase-2-ovarian-cancer-trial-1
https://clinicaltrials.gov/ct2/show/NCT03042702?term=innovation+pharmaceuticals&rank=1
kfc
George,
¨Read the FACTS!!!¨
Put them in your own words, and post them, good man(?).
We´ll wait.
Thx,
kfc
tryz,
Thanks again for that Celgene reference. I subscribed to their website and listened to the (just over 1 hour) conference call held in Boston on 9/6/18(I was not aware it was happening, may have tried to attend).
Their(Celgene´s) ceo, Mark Alles, via my experience, is the most well spoken biotech ceo I´ve ever listend to, and I am not invested in clgn(wish I had).
I took alot of notes and thought the moderator, Robyn Karnauskas from Citi, and Alles,Chairman & CEO of Celgene, were refreshing to listen to.
I particularly liked this at about the 44 minute mark:
(not sure I got every word, so could be ¨paraphrasing¨ a bit)
¨Focused on executing like crazy, we had a great 1st half, as I´ve already said,the momentum is carrying through how we thought it would for the year. We are reaffirming 2020. All of that cash flow, all of that opportunity, is based upon great execution, and continuing to pour capital appropriately for share buy backs, but maintaining our goal to building the company through M&A, and research. That´s going to stay¨
He then goes on to talk not talk about past accomplishments, but the next 10 years(and does note ibd/chrones/colitis/ among others).
I hope we caught their ear.
Thanks again for posting.
kfc
tryz,
Nice find.
kfc
¨The FUDsters are attempting to dampen the excitement and try to reverse the momementum this weekend.
If IPIX stock were to go up 41% each day next week, IPIX stock price would still be tremendously undervalued!!!¨
Perhaps some expectations, regardless of pr´s, have been tempered by past performace. Recent examples:
Date: 5/14/18, sp % change from prior close(.5901/.436)= 35.3% (5/9 pr OM data done).
Date: 6/29/18, sp % change from prior close(.59/.38)= 55.3% (6/29 pr 2B data lock).
Date: 9/7/18, sp % change from prior close(.565/.40)= 41.3% (9/5 pr IBD conference).
IDK
LR,
I probabally should have stipulated, I DO AGREE with your thoughts.
Rdunn88,
¨... . Today's rally could have been short covering?¨
Who knows, could be many things including a leak, Aspire, short covering, heck even LE´s temple unloading their given shares(at shareholder´s expense) to cover the long weekend celebration? Who knows aint saying.
It takes two to tango.
IDK, and am done quessing. Am only still invested in the hope that ipix succeeds, and I won´t have to sue, but am actually more infuriated how they´ve tied up funds that I would have taken a loss for long ago, but did not based based upon discussions with them, and subsequent pr´s by them.
kfc
p.s. Twas a ¨good¨ day today. Hope it´s not remenicent of price action ~ 9 weeks ago+_(6/29/18). We´ll see.
CMC,
Hopefully Erhlich has the skill set to deligate. Hope you´re not suggesting the office doesn´t open if he´s absent or sick(rhetorical question, I´ve been there when he was not).
kfc
TB12,
I tend to agree. We´ll likely see increased cuts and pasteing of old news, projections of next announcements, along with wild sp quesses, the goal of each to goose the sp so certain ¨longs¨ can rinse, wash, and repeat.
kfc
tiab,
Maybe they´ll be äquired¨ by biovie(1 of the 20?) and move upstairs to a much smaller and less expensive ¨office¨ where they can forge ahead with even more product?
kfc
Appears the hoist is about to blow the joist(for those who do not know, a joist is a cross beam(roof support, or cross member supporting a roof, or. in this song, describing his window washing joist(beam) up the high rises days in Belfast, Ireland, supporting his hoist.
Kudos. To all.
JTO,
¨Looks like the CEO was painting the tape all day today with 100 share buys. Must of got the word from Aspire.¨
That is clearly not a fair statement(unless you´re a big wig with the likes of facebook, twitter, google, etc). He hasn´t bought a share ever, do you believe he´s about to start now with 100 share purchases(perhaps he´s not the qualified cpa we thought?).
He set up shop in Boston(20 minutes north), a city that has wrangled through struggles in the past(King Philips War, the Boston Tea Party, Bunker Hill, The Boston Massacre(Cripis Atticks- from my home town),The Battle of Lexington and Concord, Frederick Douglas, JFK, Martin Luther King, John F. Kelly,etc.
Its a dynamic city for the curious, burdensome, I suppose, for those those not so curious, but still an enjoyable experience given it´s diversity.
Michael Sullivan. The reason I stayed(but do acknowledge, and have considered, LRs recent comments about him).
GLTU
¨And then in a few months time all the components come together and the transformation is almost magical. This is project planning and management¨
Are you comparing ipix´s execution and performance to a big city skyscraper project(or any other city project for that matter)?
IPIX knows not what critical path scheduling is. They are delinquent on all their previously stated targets and would be assessed liquidated damages, likely at least equal to Erhlich´s weekly salary, by the Owner per the terms of the contract. There´s alot you don´t see from your birds nest as far as those projects go, starting with the office and field managers who show up at 6 am to assure things are ready for 7 am start of construction, and stay until 5 or 6 pm to ascertain things are still on schedule and assure labor, equipment, materials, etc are set for the coming days.
Hopefully we hit one of the 3 ¨milestones¨ this month so that Leo can hire a secretary.
¨ I think it was Dane that mentioned this is the bottom of the ninth.¨
I´d be hopeful if this stock was performing like this years Red Sox(or even the Yankees) but Leo has managed this fiasco worse than this years Baltimore Orioles.
Performance since inception does not qualify them as even ready for the T-ball league. Never mind a 7th inning stretch, these guys need a ninth inning diaper change.
We´ll see.
p.s. Red Sox 9th inning- yesterday.
https://www.mlb.com/redsox/video/phillips-9th-inning-go-ahead-hr/c-2469964183?tid=266435218
¨kfc it's better to be pissed off than pissed on as Leo has been doing to us share holders'¨
JTO.
My condolences, your message disturbs me. You state:¨kfc it's better to be pissed off than pissed on as Leo has been doing to us share holders'¨
As an investor, I hope that neither of your sentiments are true.
kfc
JTO,
I´m betwixt and between. I want to believe the Great Communicator, Leo Erhlich.
However, it´s tough. The wife no longer listens, this investment has not trajected(it´s done the reverse) based upon his (company officers) words, the dog now treats me as a fire hydrant after having to share the cat´s food and, needless to say, the cat considers me a scratch post at this point.
We have a fairly sized plot of land, and with the recent warm humid weather, weeds are infringing upon the perimeter of the woods. My wife has suggested hiring a company that has goats which are known, evidently, to have an ample appetite to forage for plants, among them, some which most animals do not yearn(poison ivy/oak included).
I´m nervous to call. The goats may eat me. She´s pissed(my wife).
kfc
matuer17,
You state:
¨As you can see, FDA has already approved or rejected all BTD applications till Jun 2018. So it seems IPIX may not have applied till end of Jun.
If they have applied in Jul - the decision should have come by now or due soon or may not come before Sept 30th¨
May seem like a silly question, but should the word ¨till¨ be replaced with the word ¨through¨(what end of June do you refer to, the beginning, or end?).
I´ll proceed upon response.
Thx,
kfc
BooDog,
Just a hunch, but after listening(reading your posts) to you for many years it seems to me you are nothing but a one to cent flipper, probablly a couple times a day.
Good luck getting 35 cents, I´m quite sure you´ll succeed.
¨"Is it good"? I would say it is the opening round for a September to remember. We are in the bottom of 9th inning with man on base, no strikes, no outs. waiting for 3 HOME RUNS!¨
Let´s hope Bill B is not at playing 1st base(he was as much a reason as anyone else as to why they were so good. Everyone has an occasional ¨bad day at work¨)
One out to go....
Excellent. Thanks for the verification. Last I spoke to someone there(Harry kamir(sp?)), I punched in random extentions and he picked up. None of the big wigs were in I was told.
Do you have names and extentions?
Thx
Why should Sullivan be on guard? You asked. After all these years, why shouldn´t Leo be further questioned, given all his success?
The Barrett Edge?
Why couldn´t he line us up?
http://thebarrettedge.com/our-team
Perhaps son and father should talk.
IDK
Thanks for the laugh. It (P benefits to mice) should be mandatory disclosure on all mouse traps(am I in one?:).
Welcome to the twi-light zone.
dreamer0,
¨I agree. We're at the critical juncture and silence is golden!
Four SIGNIFICANT events are in play /to be finalized in the coming days/weeks!
-B*BTD
-P*P2b
-B*Partnering or P*Partnering
-Total Buyout (cannot be ruled out!)¨
All within 17 working days. Betsy Ross could not have threaded a better needle. Hopefully LE is wearing a thimble so as to not take us out with an errant stitch.
kfc
https://en.wikipedia.org/wiki/Betsy_Ross
LR,
¨I hope you're right about the answer being in the 10-K (due on the 13th or with the proper notification permissible through the 28th.¨
Sadly, I expect the latter course as much as i hope some milestones are hit by then(An NT-10k on the 13th followed by a 10k filing on the 28th-all ¨legal¨).