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Not a bad close today, .0077
Bam! We got money!
Yes, good it was removed. The bottom line is not having news now while we are at 1/2 cent with little volume and it has been in a trading range is one thing. An investor who believes in the stock has the opportunity to buy in at what hopefully will be an absolute steal. If they do a reverse split of that magnitude that doesn't include a lot of positive news the stock will plummet IMO. That would be a major crime, not that it doesn't happen all the time on the OTC. I don't think they will have all their ducks in a row by the end of this year again IMO but there are still a few trading days left. Maybe they will announce right after xmas while everyone is on vacation?
Why do you think the RS and name change will happen by the end of the year?
Which could happen as early as next week.
Yes lets hope that the preferreds didn't pass because they are no longer needed. Investors in the know didn't vote for them for that reason. The company has access to other financing. They are finally doing the RS now, because huge news is coming to go with the RS and then they could uplist!
They will have to come up with the money somehow, but I agree in the short term this is most likely good news for the stock, but I doubt it will do much to change PPS. I hope I'm wrong but revenues is what we need.
Maybe we will get news tomorrow?
I agree, even today's trading is not bad. Good Volume, I'm hopeful we end the day higher. Feel like usually the announcement of approval for an RS would drive the stock down. It's holding up pretty well.
I was more concerned about the preferred shares. If they didn't get approved and the RS did I take it as a positive. IMO!
Yes, I guess some of the money raised by preferred shares could go to pay debt in default, but you actually have to sell those shares. In order to do that the company will need to have a revenue stream. No revenue stream the company will be using the shares they give away to pay off other things besides loans already in default is my guess.
Most of the loans are in default. They haven't been paying on them at least not actual cash. Why would creditors want the company to go bankrupt? They would lose the principal and any shares or warrants they might have would be worthless. I think that is correct right?
Anyone voting for the preferred shares? Why do they need to go this route instead of just issuing more common shares? Is this to pay of existing debt? I haven't voted for it because I feel like they haven't communicated the plan effectively. The reverse split I kind of get, raise stock price, but it wouldn't stay high without a revenue story.
The company needs money and preferreds, RS and name change was their strategy to try and get it whether good or bad. If they didn't get votes which is possible, they will have to come up with something else. Maybe that is the delay in news? Who knows?
You would think they would put out something on whether they got the votes for the RS, Preferred shares, etc. Why keep shareholders in the dark?
Yeah, well I think my investment is worth about $28 now so what you going to do.
Does this sound correct? The stock should have opened at 30 cents, but the highest trade was .114 and its now sitting at .05. So the new ticker lost around 85% of its value today on 18k shares.
Not one single trade. I'm surprised but not really surprised they haven't given us an update. Typical for this company and that is why the stock is under a penny.
You would think they will have to put out a press release tomorrow or by the end of the week.
Haha, I'm seeing this all the way through. I believe in the drug. Hopefully, they will be able to pull this off. I've been waiting for far to long.
Thanks for your informative post. I just put a sell order in for all I got.
Written consent can be taken until 10/15. I'm guessing we will find out next week if they got enough votes for the reverse split, name change and preferred stock? Anyone voting yes on this board, if so why?
If it doesn't get approved which they almost always do, I wonder what their strategy will be going forward.
They are saying all they need is money to throw at this and sales will come. Time will tell.
Africa
We started initial sales in Nigeria in 2018. However, a lack of funding has made it impossible to implement our sales and marketing plan. We are also unable to move forward with our existing and pending approvals in other countries. Once additional funding is in place after the restructuring, we expect to move forward in Nigeria and other African countries.
Maybe since they took the time to issue a revised one means it will actually happen by the end of the year?
Well he's gone now.
Seller keeps lowering his bid. Wonder how far down he will go.
There it goes! First shares I've bought since December at .005. I'm a gluten for punishment!
Yes, I lost about $700.00. That amount I can live with but still not happy with it. He got me with all the lies maybe a year and half back. Buy backs, sales force, contracts to dispensaries In California or whatever he was pitching. Sounded good CBd dog treats but amounted to a bunch of nothing.They never landed a sales channel and never got investors that would be enough. Also he might not have really even had a product that was his own.
What do you think will come first the RS or news that will raise the stock price? If news was coming first why would they decide on the RS being 1000-1? My guess is the RS is coming first, then they release the news hopefully and the price goes up based on that, with a normal stock price not pennies and a different company name. All is forgotten about the disaster that has occurred before name change.
If this dream scenario comes true buying now is still a great idea, even though prices might move down right after RS. That is unless news comes out right away. If news doesn't come right after RS, this stock will continue to go lower and buying the stock should wait.
Who knows as they put out no press releases so I haven't bought in a while, although I think about it when price goes around .005. Kind of a what the hell. Your theory on note holders having to dump is an interesting one. Wonder if it will go back to .068 range tomorrow.
Been a while since we have been over .007, someone adding today.
Well I guess today I'm happy one of my top 10 positions is in a illiquid pink sheet less than a penny stock!
It's hard to be sure about anything. I was thinking as you mentioned that we were waiting for NACA approval but your right that is probably just for AIDS, which I figure is the main possible sales driver at this point.
Lodonal is not approved for sale in Nigeria, if I'm not mistaken.
I would have been a lot more impressed if you gave us that stock on Friday :)
There are doctors all over prescribing this drug off label. I think the drugs effectiveness has been proven to them and to me. However, it has not made it through the FDA. There are lots of drugs that have been proven to work by the FDA that are a disaster and should not be consumed by humans.
However, for revenue purposes you are correct and that is why the stock is where it is. If I ever get cancer, I sure hope I don't and its kind of weird to even put it in writing. I'll be taking LDN because it has been proven to me that it can work. Whether its is ever approved for anything by the FDA or NAFDAC I have no idea. However, I believe in LDN.
I am hopeful that before the RS which will happen before the end of this year, there will be some big news whether it be government grants or something else. Otherwise they do an RS and the stock is at $5 and without very positive news like a lot of naysayers have said on this board it will start dropping like a rock.
I am hopeful but like a lot of others I have lost a lot of confidence that this management team can pull it off. I feel the drug is proven but whether they can make it happen in Africa, US for Crohns or Pets??? remains to be seen. Obviously a loss of confidence is why the stock price is where it is.
What is going to happen first, the announcement of the start of human trials or the reverse split? No date on when the reverse split is going to occur. Human trials supposedly by end of the year but that will mean raising a lot of money.
Does this change anything?
On April 8, 2019, the Company signed a second amendment to its licensing agreement (the “Second Amendment”) with Cytocom. The Second Amendment confirmed that, as of its effective date (December 31, 2018), the Company owned 15.57% of the common shares issued and outstanding on that date. The Company agreed to assume the obligation to repay all accounts payable obligations and accrued liabilities owed by Cytocom as of the effective date, except those accounts payable obligations and accrued liabilities as specified in the Second Amendment. The Company also assumed the obligation to repay all notes payable, together with any interest or fees payable thereon, owed by Cytocom as of the effective date, except those notes payable obligations, together with any interest or fees payable thereon, as specified in the Second Amendment. The parties further agreed that in the event of a change of control of Cytocom, and at the option of Cytocom, the Company would have the right to purchase outright the Company’s licensing rights to Emerging Markets for humans under the License Agreement at a price equal to the value of those licensing rights as determined by an independent valuator acceptable to the Company and Cytocom.
What about the contact you had that was in deep with the company? He told you all these press releases were coming after the 14A. Big News! You were pumping the stock hard. What happened to that guy? I guess he was wrong or just disappeared after you sold your position?