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FMCIW 1.20 - SPAC Plant based Food Co.
Forum Merger II Corporation Announces Signed Letter of Intent
Delray Beach, FL, May 13, 2020 (GLOBE NEWSWIRE) -- Forum Merger II Corporation (Nasdaq: FMCI) (“Forum” or the “Company”) today announced it has signed a letter of intent and expects to sign a definitive agreement to acquire a high-growth, plant-based food company with a broad portfolio of innovative products that are aligned with major food trends and sold through leading retailers and distributors across the United States (the “Target”).
The Target’s disruptive strategy is focused on addressing the growing consumer demand for nutritious, great tasting, better-for-you products with plant-based food. The Target’s alignment with today’s secular food trends, combined with its robust, plant-based offerings that feature unique ingredients, innovative recipes and creative branding, has allowed it to establish a meaningful market presence in a short period of time. Forum believes that the Target has a compelling financial profile, with significant historical and projected revenue growth and profitability. Forum’s management expects that the anticipated valuation at consummation of the business combination transaction will represent a meaningful discount to relevant public comparable multiples.
Completion of the transaction is subject to, among other things, the negotiation and execution of a definitive agreement providing for the transaction, satisfaction of the closing conditions included therein and approval of the transaction by Forum’s shareholders. Accordingly, there can be no assurance that a definitive agreement will be entered into or that the proposed transaction will be consummated.
If this goes... if... we are looking at 10-20X
NBIOs time is coming... look at SRNE:
Shares of Sorrento Therapeutics spiked as much as 244% on Friday after the company claimed an antibody it's developing showed 100% inhibition of the COVID-19 virus in preclinical studies.
The small biotechnology company said it aims to create an antibody cocktail that would act as a "protective shield" against coronavirus.
Sorrento said full results of its antibody candidate will be submitted to a peer-reviewed publication shortly.
Our third party consultants have begun testing the ability of Pritumumab to interfere with the virus’ binding to its target cells, thus ameliorating – and possibly eliminating – the potential deadly effects.
This is what the world needs right now, if Pritumumab data even hints that this can block binding of COVID-19... this is going to be a wild ride.
lol... right
When will they let up on this one?
When does the squeeze start?
VSTR .006 - took a position... I see .01
Looks good... we need more volume to clear those 1M shares. Close to done IMO.
Thanks. Finally some interest building here...
"...share these data." How, when, where?
What tickers do you like for C.P. plays?
So fast I missed it... lol
HRAL .057 close Friday. Crazy Hype... Radar:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=155543575
Any idea how many shares are short?
That would be nice.
Not much of a dip any more...
$30m in additional liquidity
Positive results and this can fly!
Sounds like we should a few good PRs over the next couple weeks.
Big question, what will the rebate be for the antibody testing?
And now people desperately want out of this stock. Who knows!!!
.25 is tempting...
Surprised we haven't seen more CYDY profits come over here.
Only 6M in the float.
HGEN 1.15 late reaction to news
We got lucky they smarted up after only 1m shares
Just hoping we get a PR with testing results soon... that will send this!
NBIO .16 ask... could go 6m float
NBIO .13 - selling should be near done on this news:
https://www.otcmarkets.com/stock/NBIO/news/Nascent-Biotech-Terminates-Equity-Line-of-Credit-with-Triton-Funds?id=261201
Interesting COVID play... watch out if the firm they hired comes back with good results.
NBIO .12 - NEWS. Now we just need to clear out seller... don't think there is too much.
https://www.otcmarkets.com/stock/NBIO/news/Nascent-Biotech-Terminates-Equity-Line-of-Credit-with-Triton-Funds?id=261201
.002 break and this gets fun...
Need an update!
.20 break this week
CORG .142 - looks ready for next leg. Trades like a 4m float!
Ready for the next leg here...
Need some other buyers.
It would be great if the company PR’d this.
FTACW - .65 - looks like someone bought 100k