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Lol! I as an investor will definitely NOT like you as a CEO
I hope not. But I won't be surprised if that happens.
Skelly22,
10K states following
"On February 5, 2013 Regen filed an Investigational New Drug (IND) application with the United States Food and Drug Administration to initiate clinical trials assessing the company’s HemaXellerate drug currently in development in patients with drug-refractory aplastic anemia."
Now read this:
FDA Receipt of the IND:
Upon receipt of the IND by FDA, an IND number will be assigned, and the application will be forwarded to the appropriate reviewing division. The reviewing division will send a letter to the Sponsor-Investigator providing notification of the IND number assigned, date of receipt of the original application, address where future submissions to the IND should be sent, and the name and telephone number of the FDA person to whom questions about the application should be directed. Studies shall not be initiated until 30 days after the date of receipt of the IND by FDA unless you receive earlier notification by FDA that studies may begin.
No one knows for sure exactly when FDA received the IND application. I hope I don't have to carry this discussion further.
I think next few days this stock will fluctuate heavily in either direction based on pure emotion. Staring tomorrow until PR release the situation will be very chaotic. Panic buyers and panic sellers will meet.This situation was expected. First of all no one knows for sure when 30 days will be completed. Then if company does not provide the approval info "immediately" manipulation to certain degree in PPS will happen for sure. I predict PPS fluctuate anywhere between .0080 to .0150 until we get solid PR.
Also what will happen to PPS if there is "IND on HOLD" situation? No one knows. My feeling is they might not release info tomorrow as many are expecting on this board.
If no news tomorrow also MM manipulate it below 1 cent.
This is still Pinky OTC. This is not OTCBB yet. They are trying for OTCBB listing as per their Jan PR. By the way that's another thing they never commented thereafter.
So until MJ** selling is legalized ERBB going to show ZERO rev in all its upcoming quarterly reports?? If yes, then how they are going to attract new shareholders to invest in their company?
Any reply from CEO David? You said you get replies from him instantly. I believe its already a week now. Does he sends his reply to you by post? This is the 3rd time I am asking. Forget CEO David, I don't hear from you also ... This ERBB stock started smelling like a big scam to me. Hope I am wrong.
I am very happy 10K is released finally. This is indeed a great news. Of-course people who are here in BMSN should aware they are not going to post great income/rev/profit here in 10K yet. It is now purely FDA IND play. Also it seems 30 days waiting period will be over tomorrow, so no news is good news. But releasing a PR saying FDA approved IND and possible orphan drug status should shoot BMSN PPS straight to the sky like a rocket. Tomorrow is going to be interesting day. I keep my fingers crossed. Good luck to all longs!!!!!!!!!!!!
From recent quarterly report:
LIABILITES
Accounts payable and accrued expenses $ 668,728
Loans from shareholders 1,797,939
Debentures payable and accrued interest 1,052,772
Total current liabilities 3,519,439
https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=99574
That is for legitimate companies. Not for zero rev companies. If I had a company with officially reported liabilities with no income or assets to speak of, but told you on the phone not to worry because I have a billion dollars parked in the Cayman Islands with this company's name stamped on the pallet, would you believe me? Better yet, would you trust me with your money?
So did CEO David responded to your email you sent on Saturday yet or he just ignored it? You mentioned earlier he replies to you regularly. Just curious...
Given that another couple of weeks of "complete silence" from the company the PPS will go below .005. I know some people here will still scream about long term hold for 5 years or 10 years etc. but soon panic selling will take place as this thing is slowly bleeding to death. Stock PPS do fluctuate with emotions also. Right now what is needed from company is a solid PR assuring they are alive and kicking. More the company try to ignore its shareholders greater the price they will have to pay. JMHO....
Well, any replies?
That's something CEO David needs to answer.
High possibility of IND application sent on 3rd or 4th FEB and PR released on 5th Feb. I won't be surprised if we hear something tomorrow itself.
Thank you.
Couple of people on this board and myself asked David several times over email this question which he never responded. Since he answers your email regularly could you please ask him following questions?
"what he meant by this may be used in vending machine" in quarterly report?
"Also why their revenue in big ZERO despite it they could have some rev from product other than direct sales of MJ**"
You are right we are talking about ERBB penny stock not IBM. If it was IBM I would have just relaxed but here I have to keep myself alert 24/7 and read every other info to make sure I am not invested in something that is scam. Company needs to learn to give some respect to its shareholders also once in a while. I put myself in to David's shoes and found that it is really injustice not to respond shareholder's queries for weeks. Sorry, ERBB really not doing a good job here, that is why PPS going southwards.
Apple (AAPL) has investor relations division to answer your emails. Besides APPLE is a not an OTC stock. Apple has revenues and profits. Apple CEO does not say "may be we will use technology in vending machine..I am not very sure" etc.
I don't understand your comparison here. What's your point? Why compare "Apples and Oranges"???
For common shareholder there is no way of knowing what guy is doing unless he is communicating well and transparent. If he can't answer then he has to assign at least 1 person to do that job. Just saying.. He is "busy" can not be an excuse, it is bad for PPS and bad for shareholder's trust. There are valid reasons why the stock has started going SOUTH.
I had questions regarding certain business processes within latest quarterly report and about their revenue. I am still waiting reply for my email I sent to David more than a week ago.
I still don't know how repeatedly reading the old news going to help this stock. If this time and energy is spend trying to get latest info from company personnel it would have been much useful. I won't blame you for that either. Because they never respond and we are all helpless at this stage.
We can not give the excuse anymore saying ERBB went down because sector was down. Today for example MJNA closed up 8.44%, MWIP closed up 2.19%, Phot closed up 7%, MDBX closed up 20%. What about ERBB?? We all know it does not deserve the current PPS closing down 3.5%.
But what is really the cause of it? Many blame it on MMs/shorts etc...But Come-on, I think we need to be honest here. I like ERBB business model and the MJ* sector in particular because lot of money to be made here. But I didn't particularly like the non-transparency role with shareholders company is playing right now.
I tried to contact company to get some basic info. on some elements mentioned in recent quarterly report by email. i am not able to get any feedback for over a week now. Has anyone else in the same boat? I would love to see any feedback from them.
Buy and hold is a best strategy but company also needs to assure us longs that company is alive and kicking. At least we deserve that much for being shareholders of their company. Don't we?
I hope I don't lose faith in ERBB. I sincerely hope to hear from ERBB soon.
You made great points. But I don't think there will be a sell off after IND approval unless company comes with some dilution procedure to raise funds. That's why I am desperately seeking for 10K from company to have clarity on where they will be leading us to once IND gets cleared. It is good to have people like you on message board who work in biotechnology. I love to read both sides of the story to keep myself level-headed.
why? based on what? please explain.
Yes Starightaway. Because i know what I won.
If you decided to have the last word that is your personal choice. I am not spreading negativity. I would be very happy if BMSN just explodes to 500% or 1000% with positive news. At the same time I am trying to be practical and realistic of the situation. It is no surprise to me that BMSN will tank if FDA decision is not released on time. take it or leave it.
Till march 8th is fine. Because later with no news fear will set in and MMs will take that situation to their advantage. I can assure you that.
Ok, you explain me with this example. Say today is March 5th and company gets official letter from FDA saying go ahead with clinical trials. Why won't company release that news immediately within a day or two??
>>"No, good news is not generally immediately released. Anyone in >>the business world knows the importance of controlling their news, >>and make no mistake about it"
Give it a rest dude! Why in the right frame of mind company won't release the good news when everything is official?? I don't agree with you on this one. Trust me if FDA does not respond at all and company does not updates shareholders at all PPS will fall drastically. Of-course everyone knows by now company is not at all responding to shareholders on basic queries.
So ideal situation is come March 5th or 7th company releases a positive PR and this stock explodes to 10 cents (which I would love to see) OR
Company keeps quiet and stock becomes flippers paradise.
Certainly approval is not do or die situation. But in penny land the only reason BMSN is currently trading this high is based on high anticipation on FDA giving green signal for IND. Remember emotions/sentiments also contributes to the stock PPS.
I am not sure of others but I will be very worried if FDA does not approve the IND because currently I don't see a big pipeline of drugs for this company. Also pending 10K will certainly make it look bad.
When I meant company knows i meant they are informed by FDA officially. The original poster says company might withhold the results after FDA gives its final results. All I am saying is if company has a "official" result from FDA but not releasing yet then its a BIG RED FLAG!!!!!!! Period. Get it???
If you think CEO already knows they passed or not then you don't have to wait until march 7th. Because usually good news is immediately released. It is the bad news that company generally holds till end. Unfortunately communication line from company to shareholder is completely disconnected so difficult to predict the results. I am still waiting for email response from company regarding my queries on 10K.
Amen to that.
greens12 writes all his posts sitting inside a dumpster and he complains about David Gwyther driving a cab. I think greens12 needs to be shifted in "recyle" bin
Good one. We already have 2 "David" in there
Driving a cab in the past is a good thing.Here's why
1) He will always value the customers
2) He knows how to be patient
3) He knows the value of hard working
4) He knows what lies where
5) Good driver always considers safety first. No risks will be taken.
6) He has seen the world.
7) He is street smart. This experience will help him to become
"wal-street" smart
Microsoft founder was college dropout and so is APPLE founder. Now the world thanks them for thinking differently than ordinary crowd.
We need a PR and clarity on following:
1) When exactly ERBB will trade on bulletin board OTCBB?
2) What happened to early talks with Panasonic?
3) What happened to Army deal?
4) What the heck that "may be used in vending machine" means?
5) Has the company did bid for Wash. contract?
Finally people love your optimism but please stop posting one liners
like "this will go to 2 cents today or will go 300% up in one day" etc. If you put your energy into getting more DD on company and emailing David/Brian to get more info. that will be much useful.
If you know anyone is bashing put them on ignore. Plain and simple.
I think spinning will take place after Phase2. They have clearly mentioned about starting preclinical trial in 2013 earlier.
Yeah, 10K sooner the better to clear the dust.