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Thanks, I did. Was looking for some outside evidence of activity.
Any Russians here ?
Or anyone know someone there ? Just curious if there is any marketing - web or otherwise - regarding the mythic $20Mill order. It seems so weird that that big PR came out, and then nothing. Messiah ? You seem to have some useful info from time to time ? Any pipelines into the Russian front ?
My money is on the article being a fake. An linguistic analysis program actually showed significant similarities in morphology and syntax with a couple of past posters to this forum.
LOL. I was also whistling the PreHistin fight song while I shopped. Seriously though, I have introduced the product to many folks in this area, so probably word just got around through people I know. But kind of like getting a dollar bill back that you signed. I would like to think someone else is finding this product on their own and it is getting around.
Best news I've heard in a while....
I was in my local Walgreen's to buy some decongestant. I overheard two people talking near the cold and allergy medicines. One was telling the other about PreHistin. Was very promising to me to at least hear word getting out on the street - no matter how it got there.
Now please don't someone chime in and say it was one of you that I heard!
Selling on Amazon ?
I searched and didn't see it there. But if they are going to market on eBay, seems like it would be simple enough to go ahead and put up an Amazon storefront too. At least somebody is trying to move what stuff they can produce.
Thank you, raam08!
I said on 5/27 in post #4516 and prior that the big news about the PR firms was fluff and that we would all forget their names within a week. I got flamed for it though. But how many of you can remember those names or have seen any PR from those firms ? Where are the TV ads promised months ago ? What happened to the accounting firm that was going to put us back on Nasdaq but getting us back to full reporting ? Nada.
The real facts are there is a market for this product. I know this because anyone who has mentioned allergy issues to me, has heard about the product from me and tried it. 100% of them have at least been willing to try it.
But IMO, with this debt and 100K/month into escrow, there is no money to market it or produce it in any significant way. Until there is news that shows money is available to market and produce in high volumes, we're all just going to have to wait. I still maintain the possibility that debt relief or cover of shares or both from CLSC's complaint against YA/Gryphon could be big. But cases like this take time. Everybody needs a little patience. Ohh, yeah.
That previous post was meant to be light hearted and humorous, not prophetical.
New is coming. This thing will be back at 11.5 cents in no time.
Not to be a Pumper:
Everyone should know by now I don't like over optimism that results in or can be perceived as attempts to pump the PPS. So don't take this as such, but rather as a possibility with low probability. But I did some research on "Final Feel Applications" being listed as parts of "emergency motions". I found at least a few that were settlement attempts. The motion filer was filing a "Final Fee Application" on their own behalf as an offer to settle a bankruptcy case. Could it be that YA has done the math on how long it will take to get their funds out of escrow (if they even get it with Cobalis's claims against them) ?
Good catch. Let's hope they just translated the sale price into the shares box accidentally.
Marketing Math: Perhaps I now know why we can't get sales reports from Cobalis. Their sales and marketing folks are struggling with the complex math. See the www.prehistin.com. Am I missing something obvious ? Site says "Prehistin regularly $34.95/box now $25.95, an instant savings of $10". Isn't that $9 gang ? Please someone tell me I'm being absent minded and missing something really obvious here!
Agreed, but define emergency. Read the Court docket. It says it is emergency over "Final Fee Application". Whose Final Fee Application would it be then ? YA's monthly payments are already defined and going into escrow. I'm just applying math and guessing that a Final Feel Application deals with attorney fees as there were previous, unresolved issues over attorney fees.
Most likely it is for that outstanding issue re: the attorney fees. If I'm being too basic for anyone, it is because I have to assume readers here have zero knowledge of bankruptcy law. Professionals providing services to parties in a bankruptcy case have to file for fees. These are usually attorneys for obvious reasons. They can't just bill the estate monthly like they normally would for a solvent client. They file "fee applications". Normally there is only one at the end of the case. For long ones like this, there are several, called "interim fee applications" throughout the case. Then there is a "Final Fee Application" when it looks like the bk case is over. My guess is someone has filed a final fee application and YA is balking because their money is going into escrow until they can prove their hands are clean. They probably also don't like the term "Final" on here because it puts a stamp on the fact that they not only lost in their attempt to push CLSC into Ch 7 but CLSC is in the process of emerging from Ch 11 - we all hope!
See this online book for some basic background on BK law:
http://books.google.com/books?id=fzps8skpifMC&pg=PA86&lpg=PA86&dq=Bankruptcy+Court+%22Final+Fee+Application%22&source=bl&ots=QF950c43eO&sig=Q0ZJa3N9kDb38RFuLlUqf8CBqSE&hl=en&ei=YuoMTOqqJoH-8Aan8ZSTBw&sa=X&oi=book_result&ct=result&resnum=2&ved=0CBwQ6AEwATge#v=onepage&q=Bankruptcy%20Court%20%22Final%20Fee%20Application%22&f=false
Ditto on the thanks - for keeping it real. Want to drink the cool aid myself, but too many questions. Still see good signs this pig will fly one day, though.
FYI - in previous posts I referred to Elvis Costello - one of his hits was "Pump it Up".
Agree - it is just a complaint. But this is one I have been interested in. I've been skeptical about the merits of the complaint, but this looks well researched and has me more optimistic than ever. I too would like to know what the schedule is for this. One court doc from T. Albert in April alluded to a hearing on this in May, but apparently that never occurred. Someone must have some details on schedule for these complaints. Obviously someone spent some real legal money to get it documented and filed. When and where ?!!!!!!
Awesome find! I had maintained in previous posts that whilst this case seemed a long shot, it could be a game changer. After reading all of the counts and seeing some of the details this doesn't seem to be such a long shot after all. Especially interesting are some of the details about what was in the contract with YA and what they were and weren't allowed to do with stock. Looks like someone did a good job of protecting themselves (CLSC) and that this isn't so much an implied case of breach based upon dirty, unfair practices, but a direct case of breach of specific constraints in their contract. Go Chas and boys. You may have done us proud on this one.
CS Investments ?
I saw some posts of SEC filings indicating CS acquired more shares in May. Does anyone know if he was obliged to do so by anything he did vis a vis court testimony, contracts, ect ? To me this is more significant than more fluffy PR. If this guy is continuing to put money here out of choice, he sees something very real an imminent. From what research I could do on him he doesn't chase good money with bad and he doesn't sit around for long.
Call what you want. My point is what happened in Feb. had nothing to do with fluffy PR about an agreement with a marketing firm. That's when CS started injecting his VC. You can post all the charts you want, it doesn't make today's PR any more meaningful. Again, where' the follow through. My bet is we will never hear that after about a week will all forget the names of these marketing firms and forget this meaningless PR - just as we all did with the Sandino Group one. Where are the TV ads that were promised with that one ?
NEWS ABOUT A NEW STAPLER WOULD BE MORE REAL THAN NEWS ABOUT YET ANOTHER AGREEMENT WITH ANOTHER MARKETING FIRM. AT LEAST THE STAPLER CAN BE SOLD LATER. DON'T SHOW ME THE AGREEMENT, SHOW ME THE MARKETING - AND SOMETHING MORE THAN ANOTHER CHEESY UPDATE TO THE WEB SITE!
And WOW. Go look at what happened since then when nothing came of the big NEWS!!!
As a follow up to my Deja Vu post. Just in Feb. this PR came out:
Cobalis Corp. Partners with the Sandino Group
02/23/2010
Cobalis Corp. announced it has signed a contract with The Sandino Group. Cobalis said that the company is beginning a nationwide Direct Response Television (DRTV) campaign for its flagship anti-allergy product PreHistin, a pre-histamine medication, with initial roll-out scheduled for San Antonio and Austin, Texas in March 2010
ZZZ ZZZ - Deja Vu all over again.
Both small (as in micro) marketing firms that market direct sales web sites. Nothing about getting this product in retail spaces or anything else that will drive real sales. We've had press releases like this for the past couple of years. I can dig them up if needed. IMO, more empty promises. What happened to the talk about backstop ads with MLB ? Anyone remember those promises ? How many cases of Phstn have we shipped to Russia ? Anyone else feel like they are stuck in the movie Groundhog Day ? I'm starting to feel like this whole venture is one of those Russian dolls where you keep opening it to get to what's inside and every time it is just a smaller doll.
Reporting ? Sales figures ? News about REAL sales deal ? Give us some beef. Not some more lame press releases about some more amazing marketing companies. If the allergy market is so big, and is in such need of this, we don't need all of this marketing nonsense. We need real product shipping today to all of the allergy sufferers who are waiting for it.
Let's hear it...
Perhaps I'm just repeating the same frustrations a few others have posted. But the below is from stockguru's profile sevaral ago. It speaks of 60 second (not 120 second) commercials that were to be launched on a direct television campaign by end of March. Instead we have 120 second cheesy video's on a web site. Where's the beef guys ? Where' the follow through ?
National Direct Response Television and Internet Advertising Campaign for PreHistin ™ Cobalis completed filming, editing and production for a national Direct Response Television and Internet advertising campaign to launch and PreHistin. This will be the flagship anti-allergy product. The campaign is slated to commence by the end of March, 2010.The 60-second spots feature San Antonio, TX based Board Certified Allergist and Researcher Dr. Paul Ratner, the lead researcher for PreHistin’s prior Phase III clinical trials. In the commercials, Dr. Ratner will explain the difference between current allergy anti-histamine treatments and “PreHistin(R), The World’s FIRST Pre-Histamine”(TM).
ROFLMAO
This is like an Aerosmith song... Love in an elevator, livin' it up while I'm going down.
Seriously though, we should all just take a breath. It still takes time. Obviously despite our frustration, there's no fire sale going on. By 2018 I'll be selling some of my CLSC stock to cover my kid's college education, I'm sure - or at least to pay for the stamp to mail in the financial aide form. LOL
PPS up 10.4% on volume of 100. How does that happen ? Did someone really buy $13.80 worth of stock ?
Yeah. I was out of pocket all day yesterday and wish I could have picked some up at .08. Oh well. Everyone is panicking here but these things take time. There are still some key events that need to happen. But when they do, this will still be a winner.
Old but NEW News:
This is not new news, but the first time I saw it posted this way (from News.Nasdaq.com). Confirms what I have been inquiring about. That the company is still disputing the YA debt. Note the payments to them are going in escrow. Can anyone confirm hearing dates or actions regarding those claims ? I still maintain it is a long shot, but potential game changer. I now have more hope as I never realized before that those payments are going into escrow. If the court is allowing that, then they must feel some merit to the claims, right ?
Court Confirms Cobalis Corp's Plan Of Reorganization - Quick Facts
(RTTNews) - Federal Bankruptcy Court Judge Theodor Albert, of the Central District of California issued his final ruling on April 7, 2010, handing Cobalis Corp (CLSC.PK) a resounding victory by confirming Cobalis Corp's plan of reorganization.
Upon confirmation, Cobalis said that it will officially emerge from bankruptcy, with requirements to pay its creditors over a 5-year period.
Under the now-approved Cobalis plan of reorganization, all classes of creditors will be paid in full on their allowed claims with interest as determined by the Court, fully amortized over a five year term in monthly installments.
The company believes it may well be able to meet these obligations in a shorter term, based on revenues generated. As Cobalis continues to dispute certain creditor claims, including those of YA Global, payments will be paid into an escrow account on the same schedule. Notably, under Cobalis' plan, existing shares in Cobalis are preserved.
Read more: http://www.nasdaq.com//aspxcontent/newsstory.aspx?selected=CLSC&symbol=CLSC&textpath=20100412%5CACQRTT201004120934RTTRADERUSEQUITY%5F0743%2Ehtm&cdtime=04%2F12%2F2010+9%3A34AM#ixzz0oNTZ1Yp5
Back to the basement baby.
Scan - Those of us not from the Elvis Costello school of messaging understood your point and agree it was a good one. Thanks.
RA RA
This group has not been feeling quite right, so...
THIS STOCK WILL BE AT .40 BY 10:32:12 AM MONDAY!!!!
;)
Can I get a A-MEN to that!
Yes, and the volume is booming!
That's an absolutely meaningless court hearing as far as PPS goes. It's the continuance from the attorney trying to get some fees that the BK court are saying are inappropriate or not properly documented. Why would anyone think that is significant ?
I'm looking for the other motion - regarding CLSC looking for debt relief for claims that YA had inappropriate stock shorts in the past year.
What court of May 12 ? Where was that news ?
Lido - eye to eye with you on all points. The RA RA just builds a bunch of false hope, which makes the fall to reality even more painful when no news comes.
If you're referring to me on the 22 on the 22nd stuff, I suggest you go re-read posts because you've obviously misunderstood my points. I have been very cautiously hopeful on this. In fact I got flamed for slamming pumpers. My point regarding the 22nd was that there was supposed to be a hearing regarding the claims by CLSC that YA had some inappropriate, unreported trading going on. As I originally said it was probably not going to turn into anything, but could be a game change if the unlikely happened. The 22 on 22nd was kind of joke - lucky numbers and all.
since I have asked many time with no response if anyone had info on the results of the hearing on 4/22.
Coupon code is invalid ?
Yes. The 22nd where the mysterious court date came and went. No ruling, no word, no answers to questions about it posted on this board, means no one has any info. It's the silence that's deafening. People post on here all kinds speculation that never comes to fruition. PSC profiles, court dates, TV ads, etc. Echoing the personality of the company - post a bunch of news with promises, but no follow through (DTV ads, full reporting, etc.). That's what's dragging down the stock. Give the investing community one good follow through on any of the above and I think there are many buyers ready to get in the game.
Mario -
The only potential news that I can think of was regarding the hearing on CLSC's suit against YA alleging inappropriate trading (unreported shorts) while in a BK case. The judge asked in the latest court docs if there was a settlement. Obviously, since YA is the major creditor here, if there were to be a settlement it would take CLSC a long way toward emergence from CH 11.
Otherwise perhaps announcement that CLSC is back to full reporting (they promise to do so and hired an accounting firm that specializes in SEC reporting for NASDAQ). Or perhaps just some good sales results from the Texas market trial.
Again, all of this has been speculated and discussed here.
Carmine has been silent though. He seems to know a lot of stuff.;) His silence is deafening.