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Even though most of this information is already out there at least they are reaffirming they still have a plan. Still looking to replace current management to achieve the restructuring once it is approved. With stock price under a penny, I don't think it should be a surprise they don't have the money to market drug into Africa. Not sure on the idea of government grants coming, but they would still need the money for pet products.
No bankruptcy!
If the Actions are approved, when will they take effect?
The Actions will become fully effective no sooner than 40 days after April 29, 2019 and no later than December 31, 2019.
Lets hope its closer to early June than the end of the year because with the 1,000 to 1 RS I'm guessing the news won't start flowing until the RS is completed. Unlike what threeflight is saying that it could happen any day now. This company is probably going to wait until the last possible moment to announce any type of news that will move the stock up.
Hopefully why individuals such as Dr. Gary Blick and Vincent Ahonkhai are involved with the company.
If the DEF14A is imminent I feel like the company is going to want to keep it above .01 so after reverse split it is around 10 or higher. Lets hope the grants are in place and its all about to happen. Who knows? Nasdaq!
People keep taking out the ask! Keep going :)
Three strikes rule although company on pink sheets now.
Here's hoping for big news early next week!
They are advertising for a part time controller position on facebook. Better hire them quickly so they can get the annual report wrapped up :)
Got it, I guess they just plan to within the extension period but not required.
News should be out on or before 4/16. They will have to release 10k by then correct?
What does deconsolidation of Cytocom mean? It happened a year ago.
As of May 1, 2018 the Company deconsolidated the financial results of Cytocom Inc.
The deconsolidation has caused a delay in completion of the Company’s 2018 financial results, as a result of which the Company is unable to file its Form 10-K within the prescribed time period without unreasonable effort or expense. The Company plans to release fourth quarter and full year 2018 earnings results and file its Form 10-K promptly within the extension period of 15 calendar days as provided under Rule 12b-25 under the Securities Exchange Act of 1934, as amended.
With the 10K coming out next week (hopefully), do you think they would just release it without giving any type of update on the RS, or any other plans they might have if there are any? The lack of news right now is the more frustrating then ever for me as an investor.
10K should come out next week.
Six months ago the stock would have skyrocketed on this news. Now just a small bump up. They will need to continue updates to see anything real. I only have a small holding now just to remember to track the stock. I sold almost all of it last run. News is better than no news!
The other day you said this looks done. Makes me question your source but I hope your right!
I haven't added in over 4 months and won't until there is some news that inspires me to do so. It won't be talk of pet meds. The only way they could get money to start up that type of business is sales in Africa. I'm starting to worry maybe that has fallen through.
Cyctocom news is probably still far off. Just holding on to see if they actually do something to turn things around. They have to file their 10K early April so we should know at least if they are still in business by then.
I agree. The lack of communication from this company is unreal. How can nothing put out about the RS? It was supposed to be approved at the end of last month.
Was only down around 5% on the day it was realized we were delisted, meh
3 million on ask .009
So does it appears we are heading to delisting without the RS? Does that even matter at this point with the PPS so low already?
I hope you are right!
It looks like we have been above .01 about 4 days now, 6 more to go. would put us at Friday March 1st. News on the RS is due around 2/28 if I'm not mistaken.
I agree with you that if we don't get some type of news next week this will probably go back down to .005. The dates kind of all match up that they would want the stock to be at a penny before 90 days run out. Just wonder what that means. Possible they don't have everything in line DEF14A so buying stock to prop up over .01? Or people buying before news. We will see. Next week should be interesting.
They made sure it closed above a penny.
Whatever... I own the other one. Hasn't done much yet overall. up about 6% sold a little bit of it on that one spike Doing better on the MJ etf.
I saw you on another board trying to talk people out of being in VFFI*. and instead trying to get them to buy the stock you own.
You also gave Chaka advice not to buy 1/9 when it was trading around .005. Much easier plays out there you said.
Wouldn't they meet the requirements of being over a penny after doing the RS? I'm not sure on the timeline between when the RS is supposed to take place versus when they will get delisted for being under a penny.
Someone on this board said it may rise to at least a penny before the RS because they want the stock to be around 10 or higher afterwards so they can move up to a listed exchange eventually. I know that all sounds like a pipe dream now with the lack of news the company provides but it is possible.
Well, its pretty much at a 3 month high and starting to breakout. The next few weeks could get interesting as hopefully we will get some news.
I guess his statement can't hurt IMUN chances with grants?
On Tuesday night, Donald Trump championed ending AIDS in the United States. “My budget will ask Democrats and Republicans to make the needed commitment to eliminate the HIV epidemic in the United States within 10 years,” the president said. “Together, we will defeat AIDS in America and beyond.”
PPS moved back up. Congrats to you if you've been picking up shares on these dips.
Someone unloading their shares
My doctor friend who brought LDN to my attention did a case study on LDN being used as a treatment for non small cell lung cancer. A website interviewed him recently. Here is the link:
https://www.healinghacker.com/ldn-therapy-doctor-miskoff/
That seems like to much of a coincidence. If they are doing the reverse split to prevent delisting agree with lots of people on this board it could get ugly after the RS if they don't have news to back it up. The stock price could drop quickly.
However, if the purpose of the RS split was to just get it above a penny, why not do 100-1 split or less.
What date will IMUN possibly be delisted if the stock price doesn't get up to a penny?
Thank you!
Ok so it will be approved or not approved by that date? Does that mean the RS must occur a year from that date?
Does anyone know when the RS might be voted on? When they are aiming for it to occur?
Right now this is only a $3 million company with a possible blockbuster drug on their hands. What is to lose by rolling the dice? Even if only for 10% of Crohn's. Seems worth the risk hanging in there and see if they can pull it off.
Looks like he will be added to board of directors. Finance guy.
With more than 25 years of broad, professional experience, Mr. Phelps has been in senior management positions raising capital for startup companies, managing financial organizations, and developing new businesses through technology, strategic alliances, and acquisition projects for the past 10 years.