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Well said. My former law firm was Estate Planning specialists (Not me, I did entertainment contracts and other transactional contract related law) and I called the named partner to get some info and he said the same as you. Not sure why you interact with this simpleton.
LOL, @APwriter blocked me for calling her a 'Toddler sitting in the corner throwing her toys around".
When you start a post with "Exw's claim", I stop reading. I have no intention to get into any discussion with or explain to people who are not credible posters.
Sorry
orders gets executed in regard to the time they were placed, not the amount of shares placed.
If this is a revocable trust, it gets the stepped up basis upon the death of the grantor, so no tax implications. The grantor (Not donor) is not on the hook for any taxes, regardless of revocable or irrevocable. The trust is the entity that will pay the taxes when the shares are being traded.
There is a myriad of types of trusts that can be used in a number of ways for estate planning and tax minimization. The general rule is that assets held in trust for beneficiaries will receive the stepped up tax basis if the trust assets are included in the estate of the decedent. This generally includes trusts that are revocable until death—they would be part of the taxable estate and receive a step up.
If the trust assets are outside the estate and were a complete gift before death (such as with an irrevocable trust), the assets are treated like a living gift and will not receive a step up in tax basis. The assets, when sold, would be subject to the tax basis of the original owner to calculate capital gains tax. This is because if they are included in the estate, they will be subject to the estate tax, and therefore, this general rule regarding trusts avoids double taxation of both estate tax and capital gains tax.
I am assuming that this is the former and that the trust the options have been transferred to is a revocable trust.
Gus,
I am assuming, maybe wrongly, that this is a transfer of shares into a revocable grantor's trust due to the timing of the event. In that case there's no problem with tax or timing, if unblinded. I understand your disbelief if this was indeed a gifting to an irrevocable trust where his family members are the beneficiaries. That would be highly irregular and would likely mean that they are currently not sitting on TLD.
It was based on my assumption that I said it is a positive event. If they had information that this was indeed a failed trial, I doubt he would not transfer the options to a trust as there seem to be little to no benefit of that.
We do have a good community here of serious posters. Once you eliminate the noise, there's a lot of helpful information from the ones you mentioned. Happy to see you getting involved as you seem to be knowledgeable as well.
No worries. Seems like you know what you’re talking about.
AGAIN. You do not have ANY info about where the transfer is going, so you do not know if this transfer would be considered a gift or not. Assuming for a minute that he is a smart fellow and this transfer is to a Grantor's trust, there's no gift and no taxable event. These speculations makes absolutely no sense, when no one knows anything about his Estate Planning.
This is a positive event. Please don't take my word for it. Do your research, contact an estate planning attorney and you will be able to make a determination yourself.
If you are worried this might be a negative event, due to all the Fudsters that you wrongly have not yet put on ignore, please consult an estate planning attorney. This might be a good thing for your future financial management if you own a decent amount of shares as well.
I understand that it is human nature to speculate when an event happens. If you do not know anything about that event, please keep the speculation to yourself. It is not helpful and make people worried.
That is a whole lot of guessing there, Gus. There's no tax or restrictions when transferring stocks into a revocable grantors trust. You do not know if that is the case, neither do I. It likewise doesn't matter if he is unblinded or not in that situation. The basis for the trust is the same as the basis for the grantor, which in this case is $0.25.
Exactly my thoughts too.
Do you have a Venmo?
I truly commend your efforts. Gave up long time ago trying to explain the 4 day rule and how little influence it has when it comes to medical trials. It is literally like talking to a wall. They believe what they want to and based on how it fits into their narrative.
I find the gist of the conversation, as reported, very very positive. In regard to the time frame, I am not that worried as I have no short term need for cash or any plans of selling any shares for the next foreseeable future. It does make me think that there could be time to add to the portfolio over the next few weeks.
As for the first point, The statistical compilation is still ongoing, does not necessarily mean that LL and other people involved have not been unblinded to work on publication.
All the other points are really positive, which makes me sleep well tonight.
These posts should always be read with a critical eye, but it seems detailed enough to have actually happened, just not taken it for an absolute truth.
As they are severely handcuffed in regard to any financing deals while sitting on non-public information, I would put the percentage well over 90%.
Agree. I am sure some people are so heavily invested here that they see this company as their chance for life altering wealth accumulation. This is their one shot at providing for a future they might not have envisioned. People in a situation like this tends to get nervous when the slightest thing happens that puts this dream scenario in danger. Unless you have a decent pension to look forward to as a back up plan, this is a horrible thing to do. Gambling with your future without a back up plan should be avoided. I think the nervousness you see from people on this board is because they are gambling with their future. Greed is not always good. JMHO
You've got to be friggin kidding me! We are all adults here. If someone is acting like a toddler, sitting in the corner throwing their toys, they should be called out.
I hesitate to enter into the guessing game, but the filing of the 10Q has made it possible and will likely put a damper on the MM's guessing game and other participants eagerness to sell.
I am going to do the final add to my position today until after TLD, as I feel this is likely one of the last times we will see this 'discounted' share price. That is not to say that it won't be lower in the future, but just that it will be insignificant to me if the price is $1.25 or $1.35 in the big picture.
It seems obvious that they are not able to provide a forward looking statement regarding anything but the financial outlook as they are in possession of non-public information. You are right that most of the statements included are clearly (and deliberately) only containing information up to and maybe a few weeks past Oct. 5, 2020, as anything past those dates would not be allowable to include. I know many posters were hoping to learn little nuggets from the 10Q that would have assured them their continuous investment was safe, but they had to be very careful with any statements that can be construed as revealing non-public information.
Even though the fact that Covid has added to the costs of operating, the delay in the data analysis and the delays/added costs of building out Sawston, those are minor issues in the big picture. We are talking about slight delays and insignificant costs, when we are looking at the potential for DCVax.
From my personal point of view, I feel a lot better now, not that the 10Q revealed anything, but that it is filed and we can move forward from here. I am of the conviction that the release of any news was contingent upon first filing the 10Q. I expect that they are now free to start telling 'their' story' to the market and that the expression often uttered on this board: "Any Day Now" is finally true.
I am saying that I think the 10Q is what is holding it up, not necessarily publication, buy out or something third.
If I knew why it's being held up, I might agree with you. None of us knows anything about what is going on. Yet, everyone seems to know what the management should be doing, without knowing what is going on. I am fine with speculations, but they should be like: "If management is doing ???? then they are mismanaging the company". Not: "They are mismanaging the company" (because they are not behaving the way I think they should). JMHO. When I know what they have been up to, I will analyze and either be critical or applaud them. Until then, I can buy or sell the shares and nothing else.
Agree 100%. The short term SP means absolutely NOTHING in the big picture. It does give you a chance to pick up shares at a artificially low price.
It actually is sensitive non-public information to frame it like you suggested. "Releasing TLD along with publication", COULD infer that it was positive news, since they were going for publication. I know companies publish negative trials too, but that would have been accepted immediately. They have to be extremely careful in what information they release. Almost all the information you are asking for would be a problem for them to share. Sawston progress COULD be interpreted as it is good news if they have continued to improve the facilities after they received the Data.
People often have no clue how restricted a company is when sitting on non-public information. They keep asking why they don't make a statement. They can't make any statement that would satisfy any of the posters without putting themselves in trouble with the SEC. The reason the posters want statements is so they can gauge the good news from them. It is absolutely amazing to me that some of these seasoned investors can't grasp such a little thing. The same goes for the replies from DI. They expect him to say things he can't for legal reason and get toddler mad when he doesn't.
I don't spend much time on this board anymore, as it is just frustrating to see how these people have ZERO clue.
Pretty sure that according to DI, the 10Q is outsourced and not in their hands. Thinking TLD is held up by the 10Q.
In regard to the post about management not being swayed buy online posters, yes I am thrilled that they don’t.
I am neither happy with them or angry with them. Like you, I do not know what is going on behind the scenes. I am withholding my judgment until I know what has transpired over the last few months.
Glad this management are not swayed that way.
There's currently very little liquidity in the stock, so shorting at this time makes little sense. In my opinion, it is a great sign that you are being asked. There's a general consensus that the SP will take a huge leap forward once the news start arriving. There's also an expected drop in SP once it reaches the peak. Having access to shares when this happens makes sense to me. They are probably just lining up for the expectation of a takedown in SP once it reaches it's immediate peak post TLD. Just because they borrow your shares now, doesn't mean they have to sell them to short immediately.
almost 20% less shorted shares as per 12/31/20
Current shorts 14,905,509
Previous shorts 18,463,513
They didn't extend the warrants, according to Thermoo and Hankman.
As for the publication being the reason for the delayed TLD, I am not sure. I think what is holding up their release of information is the delayed 10Q. I think they already have TLD ready, regardless of how close they are to publication, but can't start their story until they can file the 10Q.
Maybe if you weren't so caught up with fitting into your narrative that management sucks, you would understand that he meant once they start their TLD and post TLD narrative. Who cares if they shorts are out in force now. The key is to be strong in the period following TLD.
Those naming rights comes with a hefty price tag. Not sure the FEC will allow for a campaign to buy naming rights to a stadium.