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SOLI - It doesn’t make sense to buy this with a $68 million market cap.
MYRX .05 has only $1.8 million market cap. No debt, has some cash, and has recently bought 1.4% of Carl Icahn’s half owned ENZN.
Also, Steven Scheiwe (who is still on the Mr Cooper ($COOP) board of directors is also on the $MYRX board. He was involved with the Mr Cooper reverse merger into the Washington Mutual shell to utilize its NOL’s
MYRX has $147 million in NOL’s!
Are you talking about the OS? I didn’t see it on the Utah site. You have to pay to see the annual reports it looks like. I should just pay to see it since I own so much of this.
At least they are active and current with Utah SOS so that’s a good sign.
Looking at the chart, it looks like it could retest .50 again tomorrow. You should wait to see if you can get some in the .40’s.
How do you verify the OS with a market maker?
Try not to get discouraged. I doubt that Icahn and company are going to want to sit on that $48 million cash for too long. A deal will definitely get done here.
The last time ENZN dropped as low as .40 last month, it quickly went back up to .80 area.
Very good sign indeed. Would like to see a .10 break and stay above that till news/filings come out.
Just a matter of time till we get some type of news here. I can’t wait for it. We will all do well with our AFFY shares
Is the due date around the end of September? I was reading where the SEC was recommending that companies start the filing process by June so that it would be approved and whatnot by the deadline.
We know that Couchman and his BOD has a lot of experience in this field so it should be a fairly easy task for them to complete on time if not early
I like your article. What’s your updated intrinsic value for MYRX now that it owns nearly $500,000 worth of ENZN shares as well as a possible corporate tax rate increase to 28%? We also should assume that MYRX still has more cash or other assets on hand as they probably wouldn’t put 100% of their cash into one singe investment.
Great things will happen this year in my opinion.
I’m here to wait as long as it takes. Definitely have a strong feeling it will be this year for some reason.
Also, some people frown when Couchman doesn’t respond to the emails that are sent to him. There are reasons for this. First, he won’t say anything that isn’t already in old filings. Also, having too many shareholders would trigger a mandatory filing updating event which would be costly.
It will be a lot cheaper to be able to go through the basic reporting method through OTC markets.
It’s going to be an exciting summer for Us here IMO. I think we will be really surprised with details of MYRX financials if they choose to go to pink current status. I’m excited to see what life sciences assets CEO Couchman plans on purchasing in the future in addition to the ENZN shares they already bought.
Wonder what is in store for AFFY this week? With the recent change in DTC approved shares its making me think something is up. There usually isn’t a reason for a dark otc stock to go through the process of getting DTC approval unless something like a merger or purchase is going to happen.
Gotta read in between the lines here
Steven Scheiwe (who is on the $COOP board of directors) is also on the $MYRX .06 board of directors. See bottom of recent filing below. Steven was involved with the Washington Mutual/ Mr Cooper big merger deal.
https://investor.enzon.com/node/15426/html
I was able to recently verify that the AS is still 60 million. I haven’t verified the OS yet. I imagine it’s still the same since CEO Couchman owns 20% of it.
Also per recent SEC filing, MYRX still currently has Michael C Pearce and Steven D Scheiwe on its BOD. Scroll down to the bottom of the filing below:
https://investor.enzon.com/node/15426/html
Both of those guys have extensive experience dealing with mergers. Steven Scheiwe was involved with the huge Washington Mutual/Mr Cooper group reverse merger. He still sits on the board of Cooper ($COOP)
This alone is huge for MYRX. They currently have very well known directors that will get a big merger deal done here. Here is a small article from a couple years ago that talks about Steven:
https://corpgov.com/going-public-with-a-tax-twist-can-investors-take-a-page-from-kkrs-playbook/
I can’t wait for that day. I wouldn’t be surprised if we move up to and hang out at the .10 level till news comes out.
MYRX’s market cap is less than $2 million and it has assets in the way of some cash and 633,000 shares of ENZN. There are a lot of worthless stocks out there like AWGI that have $23 million market caps. MYRX would be trading at .67 if we had the same market cap.
Goes to show the huge potential here.
$MYRX - highest close in 5 years on decent volume for the stock.
Was just curious on something. Why do you think AWGI is undervalued when it has a market cap of $24 million? It doesn’t appear to have any assets that I know of. Is there something I am missing? Just trying to justify the market cap of $24 million when other shell stocks like MYRX has a small $1.6 million market cap yet has cash and owns 1.4% of ENZN
Jonathan Couchman is one of very few professional and well known CEO’s of OTC shell stocks. If worthlesss AWGI has a market cap of $24 million then AFFY should be trading at .40 to have same value.
AFFY will get utilized soon IMO
$AFFY lots of buys today so far. Nice to see .10 again. First time since March 1st
We could see a surprise if/when Couchman brings this to basic pink reporting IMO. I think we will find out that MYRX has more cash and investments than we realize.
Let’s see if we can break past .10 this week! I want to see mid .20’s again soon. Then onto $1+ if filings updated IMO
Awesome call on $NUAN! I saw your post and bidded for some $50’s but never got them. Dang!
I’m loaded on June VXX $20 calls
How much of the 219k volume was you?
$AFFY - .09 Lots of volume for the stock today. $480 million NOL’s. CEO is known for merger deals so I’m sure he will make it pink current soon. Huge potential
$AFFY volume surge. 145k shares traded
We gotta be close to breaking past recent resistance levels. $ENZN will move quick once merger news is announced and once Vicineum is hopefully approved in August
That will be nice when that starts happening.
Nice volume today so far. Can’t wait for $AFFY to get noticed
Will do. Hopefully he is busy getting AFFY and MYRX to Pink current.
I have before several years ago when I was asking about the tax credits. He just said that I would have to dig through the old filings.
Definitely a professional guy. He won’t give out info that isn’t already out there in filings etc.
MYRX looks like it’s getting more thin as it moves higher.
I emailed Couchman to remind him about the new reporting requirements. I’m sure he is already on top of it.
Will be nice to get updated information in the coming months assuming he complies with the new rules.
Would be nice to see how much cash $MYRX has left
I emailed Couchman to remind him about the new reporting requirements. I’m sure he is already on top of it.
Will be nice to get updated information in the coming months assuming he complies with the new rules
It will happen soon IMO. I think next week will be .90’s and May will be over $1
Lots of buys today. Just need to break past the .10 resistance. I’m excited for this one. With the recent OS changes with the DTC, I think something is in the works
$AFFY - We will see a massive run on the day news comes out. The NOL’s are so valuable
At least we know something is going on behind the scenes since the DTC approved shares went up by nearly 30 million to basically match the OS. This happened in the last month too
So what does AFFY need to do to comply? And when do the new rules take affect?
There is no doubt this will get utilized. It’s one of the best candidates out there with its $480 million NOL’s
Interesting. Will these rules have any impact on AFFY? That could be why the remaining shares are DTC approved. Maybe getting ready for changes or something else?
We should try and get a hold of the TA to see if they can tell us why the remaining shares were DTC approved. Maybe they will slip and say AFFY is preparing for a merger or to revive the business lol.
Any news could really move this