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It’s nice to have that one piece of info to go off of RLK. At the end of the day the captain has to always return to his ship. That 12 month severance is a real stickler for them. I believe Teper clearly stated by his evasiveness in last Jane King interview that their next 12-18 months is just building the company through mergers. Liquidity for shareholders is not in game plan. Must remember RLK that all these guys are getting handsomely paid and don’t care about us listing. That BioNanoSim deal will be a good one. Satellos is just around the bend. SPAC merger with ESH Acquisition vehicle is coming up fast. We should see that deal in June and then maybe terminate in September / October. De-SPAC should end by 3rd or 4th quarter of 2025. Teper decided to remain private and that is a great news for creditors but a very miserable choice for Long shareholders. Such is life. Doesn’t affect me one bit. Enjoy. The hot tub is lovely. All are welcome. Hula Hula Cuckoo Penny
I can only assume that we are easily going into next year. Even after employment ceases, Alex will then receive twelve months of severance putting us at October / November 2025. At that point he will then have 6 months to divest. So we could be going as late as Spring of 2026. This could still be a very long wait. Hate to be the bearer of bad news but I think we may have a pretty big wait ahead of us. I couldn’t care less anymore. I’m just glad Covid is over and traveling is good. Laying back in Hawaii and relaxing in the sun is where I’m at these days. Just turned 49 yesterday and feeling mighty fine. Eventually all will come RLK. It will just take a couple years to get there. That severance part of the deal is a bummer. The fact they included that in the restricted period is telling. Not surprised of the delay measures. Still lots to do in BK. One more year or maybe two more in BK. I wonder how INVO deal will play out. Still have Satellos Bioscience and the BioNanoSim company to go through. That’s two more mergers to keep our attention heightened. Have a great weekend. Hula Hula Cuckoo Penny
Hey RLK. My thoughts are that it doesn’t happen this year. I think Teper will wait till next year for liquidity, Alex has gone nowhere and isn’t expected to leave for some time. He’s been given no notice nor has he given any notice to the company of his departure, He then has six months to divest. I don’t see that happening until new year. The company is in restricted period until Alex is no longer getting paid or on severance. So that itself will take time to iron out. Yes I agree, the rat will eventually come back once Alex is removed. I would prefer to have Alex but I guess beggars can’t be choosers here. I guess we’ll have to accept what comes our way. Hula Hula Cuckoo Penny
It should be effective in a dozen days or so. Two months has passed by. Then another 6 months to IPO. Maybe they pull the trigger sooner than later. Thoughts? Hula Hula Cuckoo Penny
A great day to have a hearing. Good times people. Hula Hula Cuckoo Penny
On May 2, 2012, Lonza granted Immune a sub-licensable, non-exclusive
worldwide license under certain know-how and patent rights to use, develop,
manufacture, market, sell, offer, distribute, import and export Bertilimumab, as it
is produced through the use of Lonza’s system of cell lines, vectors and know-
how. If Lonza manufactures Bertilimumab, Immune is required to pay to pay
Lonza a royalty of 1% of the net selling price of the product. If Immune or one of
its strategic partners manufactures Bertilimumab, Immune is required to Lonza
£75,000, or approximately $113,873, annually during the course of the license
agreement (first payable upon commencement of Phase II clinical trials) plus a
royalty of 1.5% of the net selling price of the product, and if any other party
manufactures the Bertilimumab, Immune is required to pay to Lonza £300,000, or
approximately $455,490, per sublicense annually during the duration of such
sublicense plus a royalty of 2% of the net selling price of the product. In addition,
Immune is required to pay Lonza £2,000, or approximately $3,045, for the supply
of certain cell lines, if it uses such cell lines. Notwithstanding the foregoing,
Immune is not obligated to manufacture bertilimumab through the use of Lonza’s
system. The royalties are subject to a 50% reduction based on the lack of certain
patent protections, including the expiration of patents, on a country-by-country
basis. Unless earlier terminated (including, but not limited to, the reasons set
forth below), the license agreement continues until the expiration of the last
enforceable valid claim to the licensed patent rights, which expire between 2014
and 2016.
Like I said…..Enjoy 2024. 2025 will be monstorous
. Filing an SEC Form S-4 is a critical step in the initial public offering (IPO) process. The sec review process can be lengthy and complex, but it is necessary to ensure that the company complies with the regulations and requirements set forth by the SEC. The SEC review process for an SEC form S-4 can take several months, and it is important for companies to be prepared to navigate this process effectively.
1. Understanding the SEC Review Process
The SEC review process for an SEC Form S-4 involves several steps. The first step is the initial review by the SEC staff, which takes approximately 30 days. During this time, the SEC staff will review the Form S-4 and provide comments and feedback to the company. The company will then need to address these comments and make any necessary revisions to the Form S-4.
The next step is the second review by the SEC staff, which takes approximately 45 days. During this time, the SEC staff will review the revised Form S-4 and provide any additional comments or feedback. The company will need to address these comments and make any necessary revisions to the Form S-4.
Finally, the huge kicker people is that the SEC will declare the Form S-4 effective, which means that the company can proceed with the IPO. This process can take several months, and it is important for companies to be prepared for the length of time and the level of detail required during the SEC review process.
So as you can see it takes approximately 75 days from S-4 filing be filed for it to become effective. That’s nuts. What’s even crazier is that it takes several months from effective date to file the actual IPO. This is where my ESH example comes in handy. I believe we are only a few months out from IPO. So maybe by month end or early April we will become effective. Thats when June will be a good time to merge. Then de-SPAC will take us into next Spring 2025 which should bring us close to go time. I’m so glad I found this latest info. Now you all can just relax and enjoy as the year unfolds. Hula Hula Cuckoo Penny
Good work Schiff. I agree with your Bitcoin opinion. Hula Hula Cuckoo Penny
Patrick hired Chris. Bad move. Can’t believe it. Chris is a terrible person just like his brother Andrew who was in charge of the New York cull. Can’t believe Pat went this way. I couldn’t care less if this is the culture he wants. It is his business. I for one won’t be watching Chris on this new platform. I wish Pat and his crew all the best on this new journey. Commercialism has showed its ugly head and unfortunately Pat has made a poor choice. He wants to expand at any cost which obviously includes sticking the fork in the Valuentertainment viewers eyes . The playing field is changing fast. Scary times. Trust no one. Hula Hula Cuckoo Penny
Wow. Just looked up Kathy Ireland. Incredible. That lady registered her name as well. That lady has looks, brains and from what I’ve read has done some amazing things in the business. A perfect living example that anyone with a good business mind can achieve greatness if they work hard and have a little luck. lol. Hula Hula Cuckoo Penny
C’mon Daniel, you need to get Steba Biotech into the mix. Love the growth there with the Spin Off. There’s been much more action with that company than Immune. Just wouldn’t recommend your guy doing Kathy Ireland podcast again. Who doesn’t love Kathy, Elle, Linda and Cindy. Say no more. Heck I had Kathy posted on my wall for most of my young years but I wouldn't recommend promoting your business through her podcast. Maybe I’m old and washed up. Odd strategy unless you’re wanting to promote in secret. lol. I was actually more blown away on where Kathy was today than what the Steba guy had to say about Steba’s success. Any ways. Thanks for the laugh. Company is making progress and Kathy is following her interests and doing well. Good news all around. lol. Hula Hula Cuckoo Penny
Aloha. Feeling good Longs. Wonder what Lonza requested for relief. Last court filing shows that Lonza had requested for name changes to be made in agreement. I also noticed they asked for specific relief. I wouldn’t call altering name changes relief but then again what do I know I’m just a beach bum. At the end of the day whatever makes them happy makes me happy. Hula Hula Cuckoo Penny
Trustee claimed he has taken on thousands of cases like ours. So he shouldn’t be making any mistakes. Where was a mistake made?
Bruce. Talk is cheap with Teper. We’ve all learned that Teper is good at talking into the wind. That video was hilarious. Perfect example of Teper doing a good job of doing nothing. Hub and spoke is Grrrreat! I’m sold!!! Thanks Teper. Glad to hear that they are closer to getting more working capital / alternative financing / SPAC funding which should take them into 2025. Longs will just have to wait one more year. One more year gives them enough time to build another spoke like Naya and add it to the hub. I liked RLK’s thinking. Life is good. Be well. Hula Hula Cuckoo Penny
Don’t worry folk, we should know a little more by April 30th. Hopefully they’ll be ready soon for some alternative SPAC money that could be coming. They can’t keep running on peanuts and banana leaves. Can’t keep selling sale receipts. Would love to see some alternative financing action. Enjoy. Hula Hula Cuckoo Penny
Well said genius. You are correct. We should know nothing until that date or thereafter. Don’t forget that the asset abandonment delay takes us into late March. That hiccup with Lonza is just the start of another saga for them. Clock will start when we do the SPAC financing. Then 180 days. Then a person can get paid if they choose to sell their shares. Hula Hula Cuckoo Penny
For sure there is a tighter time frame. I agree. They have about a year left to get all done. So I agree 100%. Time is of the essence. In one year we will have some answers. We should have this INVO stuff behind us in May. Soon after we should see this alternative financing within SPAC in June. Then it’s another 6 months to roll out the rest of the deal. Hula Hula Happy Holidays Cuckoo Penny
I don’t think time applies to our new business model. I would highly recommend you tossing out the anniversary time thoughts pertaining to any deal getting completed due to time restraints. I used to think time was applicable based on rules and regulations. Problem is the deal parameters keep moving back and forth like a puzzle. What a great system. Love it. Shifty shifty. Now we can enjoy a quiet March. April should be a very enlightening month. lol. Hula Hula Cuckoo Penny
Yes I would like to eventually learn what other remaining assets were acquired in 2021. They were very general in their statement. We just know transaction involved Alexion. We then learned that Alexion was acquired by Astra Zeneca. Hula Hula Cuckoo Penny
This whole wielding of the courts to help delay is incredible. This extension is a bazaar one to me. I thought all procedures were followed but I guess time doesn’t exist in their world. They were able to wipe out March by using a simple court extension. That’s pretty incredible. 30 days wiped out in one giant swoop. lol. Hula Hula Cuckoo Penny
Deadline announcement is a joke filing. I don’t even know how they got this new extension. The original date was clear as day to me. Obviously deadlines are meant to be broken. I guess nothing is taken serious at this stage in the game. It’s all about maintaining the present narrative. Spring break is coming fast people. Must get these old bones warmed up. Longboard here I come. Hula Hula Cuckoo Penny
RLK, I don’t see much happening with Bio guys. Last time they published anything was in 2020. So definitely overdue but they also don’t seem to be in any rush either. They obviously are building something for the future. Good stuff for us Longs. Hula Hula Cuckoo Penny
Hey RLK. I wonder if they are the next Naya. I see Immune acquired them. Which Immune? Old or new??? They remain private but I’ve always seen them of having potential. A great gem. I didn’t realize they had grown so much. That’s an old deal. Obviously Teper is multi tasking. lol. Hula Hula Cuckoo Penny
Great find RLK. I completely forgot about that little seedling Bionanosim. They’ve been quietly growing in the background. I definitely agree with your thinking RLK. I could see them being another merger candidate. Hula Hula Cuckoo Penny
I look forward to seeing some financial reports. Eventually we will see some numbers. Hula Hula Cuckoo Penny
You have to laugh here. Lonza wants to say something but needs two weeks to say it. It must be pretty serious. Yikes. Don’t fret, all outstanding issues will be ironed out in 2025. 2024 is just a transitional year. We still need that 100 million to get us to the finish line. That can’t come until they get this deal moving along. June is the deadline for that possible SPAC. Maybe something else comes in its place. Who knows. I sure don’t. Hula Hula Cuckoo Penny
I like that INVO turned to Agile Capital Funding for a little help. Selling future receipts. They do good work. Autozone was a great deal. Hula Hula Cuckoo Penny
I wonder what concern Lonza might have. Maybe something can’t be separated or hasn’t been acquired. Eek. Maybe people aren’t following through on certain obligations. Yikes. I’m just going to wait for Alternative Financing possibly in the form of a SPAC. Enjoy your Spring Break. We hopefully should see some financing before June which could carry them through second half of 2024. No liquidity until 2025. Hula Hula Cuckoo Penny
Love the new extension. Just supports what I’ve been saying the whole time. I see us going past March 20th for extension. I see another request coming soon. I see assets possibly going nowhere. lol. Let’s hope we have some lawsuits to really get things started in this place. Second quarter should be good. Nothing happening until 2025. SPAC first. Mergers need to be done people. Don’t forget Satellos and it’s coming back to life. Good times. Hula Hula Cuckoo Penny
Like you said Bruce. We still need effective date for reg S-4. As you know that action alone can take time to get. I was wrong about 30 days wait period. I guess that was minimum waiting period. Oops. That effective date can take donkey years to report. It sucks big time. All will come in good time. Mergers and sales will come in a timely fashion. I look forward to the next S-3 reg. Good times. 2025 will be a great year. I then look forward to the next 10 years of waiting. Hula Hula Cuckoo Penny
Just relax Bruce. You have all year to be annoyed. I wouldn’t let this stuff bother you. Adjournment of this asset makes it very clear to me what’s happening. Obviously they have plenty of more work to do. It sucks but that’s the way the market is right now. Remember. SPAC is needed. That transaction alone will take 6 months or longer. So who gives a fuck about this INVO deal that is completely meaningless. It’s only meaningful to all the crooked late comers that are fucking Teper. It’s pretty clear that things are delayed. It can’t be a market deal since no one can do fuck all about the current market stagnation. It’s all chalked up to bad timing. We just have to sit this out until after this next JUNE SPAC can be merged and then we should be off to the races in 2025. Have a great Spring, I have all my holidays lined up for the year. I’m just glad I won’t be around to sit on my two thumbs doing nothing. Be well all. Enjoy the heat if you can find it. Stay frosty, Hula Hula Cuckoo Penny
This adjournment is an amazing way to remain frozen for Spring. Well done. Great timing. Enjoy your March folk. Hula Hula Cuckoo Penny
Didn’t the last effective time occur 6 months after the last time they filed s-4 reg? Everything right now is done with INVO. In my mind that deal is completed but just not finalized. I think we are simply waiting for that SPAC alternative financing to roll in come June. Maybe it comes another way as well. I just know it needs to be done. Once that starts up, we ultimately begin lock up all over again. Mediation in my mind is just another tool to delay and manipulate the narrative and timing. Also, wasn’t the merger deadline April 30/ 24. I think that date is still not possible. They have no money right. lol. Something’s gotta happen soon. Hula Hula Cuckoo Penny
We still need one more dummy merger to happen and then we’re good. So let’s hope we can get this done by June and then remainder of the year will be putting this to bed. Then 2025 Spring we should see something. So much to do yet. Bankruptcy is just one little part. They need to draw things out for next couple months. It sucks but that’s life. Boring until June. Hula Hula Cuckoo Penny
This mediation will take much longer than a day Bruce. Don’t know where you’re getting your info from but try to remain careful with what resources you choose to use. I’m sure there are plenty sources that speak contrary to those facts. We’ll see possibly some results by June. Mediation can take time but hopefully they can get something completed and terminated by end of summer, Hula Hula Cuckoo Penny
Satellos stock is trading again. This a great step in the right direction people. Hula Hula Cuckoo Penny
Sure is a good thing Bruce. I was just pointing out how much longer we have to wait. It all leads to my May / June theory. Then another minimum 6 months before liquidity. No big deal. Mediation is a great thing for sure. It’s nice when everyone can come together at the end for the good of the company. Would love to be a fly on the wall in that mediation meeting. All a joke to me. Pathetic. Fingers crossed on how this all lands in the end. Hula Hula Cuckoo Penny
Let’s not forget that the 60 day time limit can be extended by court if parties wished to extend. So do not get excited on any level. Just relax and enjoy your Spring. They should figure something out by end of June. Be well. Hula Hula Cuckoo Penny
Well there you have it. Delay Delay Delay. We all know that these crooks won’t meet until the 60th day and no multiple mediation session program will start until then. That puts us past April and into May / June. Looks like they may find some compromise after all. Too bad they are going into June. That’s life. 2025 will be a great year for liquidity. Enjoy your Spring Longs. Hula Hula Cuckoo Penny
As of February 9th. Special details from lock up agreement regarding the lock out. Yikes.
“Details:
The company's directors and officers, and the holders of 5% or more of its outstanding Common Stock (and all holders of securities exercisable for or convertible into shares of common stock), have agreed, subject to certain exceptions, not to offer, issue, sell, contract to sell, encumber, grant any option for the sale of or otherwise dispose of any of our Common Stock or other securities convertible into or exercisable or exchangeable for its Common Stock for a period of six (6) months after this offering is completed without the prior written consent of the Placement Agent.”