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This latest filing is another Pre-14c, like the last Pre-14C filed on 10/01... No Definitive Information Statement has been filed yet. I was expecting it and it never came. They had until Nov. 2 to take action, and never did, so time ran out and they had to issue another Pre-14c...
Again, like last time, I don't believe any action will be taken here. This is simply "the poison pill" while the 'terms and conditions' of the stock exchange are being met...
Looks like it's time to file SEC complaints against a few market makers. This is not how a free market functions.
Lol. Dr. Michael Grace has been directly involved with bringing 9 FDA-approved drugs to market... Not sure what your going on about....
I like that language, "investor" as opposed to "lender"... Sounds really good! Should be moving up now!
Makes sense, thanks...
Does this mean new shares (from the conversion of the preferred shares) will be added to the OS when the PPS hits .0178?
Read the last 8-k.
"The Agreement grants us an exclusive worldwide license for all of the intellectual property developed by UGA, whether alone or jointly with us."
Wow, I wonder what else they have going on that they haven't PR'd....
Oh no! Whatever you do don't hold for the next leg up!!
So what is the next catalyst folks are waiting for here?
Regarding the RS outlined in the Pre-14C form issued on October 1, the form stated that the company had to wait 10 days from the date of the Pre-14C until they could issue a Definitive Information Statement, and then the R/S could then be done 20 days after that. They still have not issued the Definitive Information Statement, so maybe that means they aren't doing it and the speculation in here that it was a "poison pill" was correct all along...
SRAX's last acquisition, of LD Micro took only 12 days to close, so I thought this one might've been on a similar schedule.
However, a company may qualify under a closing price alternative of $3.00 or $2.00 if the company meets varying requirements.
https://www.investopedia.com/ask/answers/nasdaq-listing-requirements/
Wrong. A company can uplist to the OTCQX by maintaining a $1 share price for 90 days. In certain circumstances, a company trading for $1 can also apply through a special process for uplisting to NASDAQ....
It's surprising to me that there are people out there that only look at charts and don't bother nor care about fundamentals of a company. If all you do is look at a chart to base your investing decisions on, how do you know what is going on with the company? Maybe that company just acquired some groundbreaking new technology or discovered a cure for cancer, and you would never know that by looking at a freaking chart. Correct me if I'm wrong, but people who short stocks seem to do this. They don't care what may be going on with a company, they try to short it anyway and a lot of them get burned in some cases... It doesn't pay to be ignorant. Seems very foolhardy if you ask me.
And the current market cap for CTYX is way too low considering what they have and when you add the Priority Review Voucher, we'll move even higher...
For the OTC, 300 mil is low. They will not need to R/S to uplist. The Priority Review Voucher for the symptomatic rabies treatment is alone worth $125-200 million, now couple that with the new patent they just acquired and whatever other irons they have in the fire, a $300 million market cap will not be hard to achieve for this company.
Connectyx Announces Grant of License from National Institutes of Health for Use of Novel Monoclonal Antibody to Treat Glioblastoma
I just copied and pasted the title of the article. It seems to speak for itself.. Why wouldn't they exercise their right (option) to commercialize this? That's the whole point of this pursuit.
The licensed patent rights include US Patent No. 10,548,987 issued February 02, 2020 (Patent Application No. 15/747,620 filed January 25, 2018). HHS Ref. No. E-221-2015-0-US-03. “ANTIBODY – DRUG CONJUGATES FOR TARGETING CD56 – POSITIVE TUMORS.” The territory is worldwide.
Yes, there's a patent.
Your first sentence asked:
"does this company have anything but an option to investigate a license?"
The PR said they were granted the license...
You're getting bogged down in the wording of the pr. It's pretty simple. There's no investigating or application process here, they spent the last three months going through that. They were granted a license from the NIH... They now have 2 licenses under their belt. Current market cap is way too low, going up next week.
The original PR from 10/1 announcing the deal doesn't say anything about new shares...
"SRAX has entered into a definitive share exchange agreement with Force Protection Video Equipment Corp (Ticker: FPVD), whereby SRAX will transfer all of the outstanding equity of BIGtoken in exchange for 88.9% of the issued and outstanding shares of FPVD, subject to certain closing conditions."
Lol, patents...
That must be coming, because why would they go through all the trouble they've gone through just to keep their parents locked up in a filing cabinet?
Uh, no. It hit .035...
I was in this during the March breakout. I believe you, Mipsagargin could make Chemotherapy obsolete....
There's only 6.5 million shares here, supply and demand. Hold in tight....
Shouldn't there be an 8k this week regarding this development?
.01? Don't you think this will go higher than that?
Stock bashing/PPS being held down could be caused by market makers... OR by competitors seeking to suppress certain technology, imo...
Maybe the NSPX run today took the wind out of the sails of ctyx and some other stocks...?
CTYX's good news should spread over the weekend... .03-.05 next week...
So this should go much higher next week...
In light of today's news, shouldn't this stock be doing what NSPX is doing today? Is it that people just haven't heard?
Go back and read the original PR from 10/1/20..
"SRAX has entered into a definitive share exchange agreement with Force Protection Video Equipment Corp (Ticker: FPVD), whereby SRAX will transfer all of the outstanding equity of BIGtoken in exchange for 88.9% of the issued and outstanding shares of FPVD, subject to certain closing conditions."
Sounds pretty straight forward here. I'm just wondering though, what of the remaining 11.1% of the shares?
No new shares are being issued. SRAX is taking 88.9% of the current outstanding shares (841 million), so they're getting roughly the figure you just mentioned, 747,000,000... It's all in the filings...
SRAX's last acquisition of LD Micro was announced on 9/04/20 and the deal closed on 9/16/20. If this latest deal follows suit, we could be looking at closure very soon, imo...
Are people expecting this company is going get their SEC filings current?
What are the developments?
I'm fairly new to investing, but if insider trading is illegal, shouldn't it be illegal for everyone, including market makers?
This right here.