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This board is more dead than Prolanta patients waiting to get treated... Lets go people!!! Show some life!!!
Flying out of the gates this morning!!!
These aren't your typical drones that people use for fun. They have to be built to withstand all different elements and weather conditions. They need to be able to take a radio signal from an extremely long distance. They need precision handling and able to achieve higher rates of speed. They have to be durable and able to last a long time. The list goes on, but the needs of military and first responders is going to make these drones rather pricey.
IMO
This one must be a scam too, it's too expensive:
https://www.grainger.com/product/48UV36?cm_mmc=PPC:+Google+PLA&s_kwcid=AL!2966!3!50916685317!!!g!114423549957!&ef_id=Wu3DPAAABUCfnuvR:20180718161100:s
Just like any vehicle can be equipped with a plow, but you don't see Honda Civics out there plowing snow do you?
You better watch out or you're going to get cut up into 30 minute time slices by some angry bulls.
IMO
What about this one? Its looks as good as any of the other ones.
https://www.walmart.com/ip/Virhuck-GB202-Mini-Pocket-Quadcopter-White/172497556?wmlspartner=wlpa&selectedSellerId=14168&adid=22222222228235533719&wl0=&wl1=g&wl2=m&wl3=279226022094&wl4=pla-468381689228&wl5=9002357&wl6=&wl7=&wl8=&wl9=pla&wl10=118786898&wl11=online&wl12=172497556&wl13=&veh=sem
That would be too logical.
You can tally up the converted notes by watching the trades and L2. There aren't going to be anywhere near that many shares added to the OS.
IMO
I would actually say that by the way its trading it's not done. The dollar volume today should have us higher than it is if there weren't any notes converting.
About Oncolix
Oncolix is a clinical-stage biotechnology company developing Prolanta™ for the treatment of ovarian, uterine, breast and other cancers. The Company has a US FDA-cleared IND to commence human testing of Prolanta™ in its first indication, the treatment of ovarian cancer. This Phase 1 clinical trial is currently in progress. Prolanta™ is a prolactin receptor antagonist (or blocker) that has demonstrated efficacy in xenograft models through a unique mechanism of action, autophagy. In addition to ovarian cancer, there is strong preclinical evidence Prolanta™ may be effective in breast, prostate and other cancers. In the current Phase 1 dose-escalation safety trial for the treatment of ovarian cancer, to date there have been no observed serious adverse events and no dose-limiting toxicities. The FDA has approved the designation of Prolanta™ as an Orphan Drug for the treatment of ovarian cancer, which may result in reduced filing fees (currently $2 million), federal tax credits and marketing exclusivity.
News
Today's highs could be tomorrows dip. Buy up the future dip!!!
3m cross trade just went through. Today's conversions may be close to done.
IMO
Also looks like PowerUp cannot convert more than 4.99% of the total OS. So that should put a daily limit on conversions and that 15 day average bid price will move up causing that 35% discount to also move up.
IMO
Here are the terms of the note in question for anyone who was wondering:
"On October 5, 2017, the Company entered into a Securities Purchase Agreement with Power Up Lending Group Ltd. (“Power Up”) under which the Company received $78,500, net of $21,500 in fees and expenses to be recorded as a debt discount and amortized to interest expense over the Note term, in return for issuing a convertible promissory note (the “Note”) in the principal amount of $100,000. Power Up received a right of first refusal for the first nine months from the date of the Note to provide any debt or equity financing less than $150,000. The Note bears interest at 10% per annum and has a maturity date of July 15, 2018. The Note may be prepaid at a premium ranging from 112% to 137% depending on the length of time following the date of the Note. The Note is convertible after 180 days into shares of the Company’s common stock at a discount of 35% of the average of the two lowest closing bid prices of Drone USA’s common stock 15 days prior to the date of conversion and the maximum number of shares issued to Power Up may not exceed 4.99% of the issued and outstanding shares of the Company’s common stock. The Note is subject to customary default provisions, including a cross default provision. The Company’s CEO entered into a confession of judgment in the principal amount of the Note. The Company has accounted for the convertible promissory note as stock settled debt under ASC 480 and recorded a debt premium of $53,846 with a charge to interest expense."
Another cross trade as notes are drying up!!!
MM's don't always relentlessly dump, sometimes they break it up. There's still more to convert, but it doesn't scare me.
With this volume, dilutive notes aren't going to hold DRUS back. It will keep on going green. There is value and interest here with a real company with legit government contracts. Investors don't mind paying for dilutive notes when the company is creating value and putting the money to good use. This is how penny stocks are supposed to run.
Another cross trade. Good sign that notes are clearing.
Wrong board. I think you meant to post that on PACV or RBIZ...
That note is child's play compared to this dollar volume.
It almost seems like they are intentionally dragging out the trials because of the share lock ups and restrictions that many of the insiders have.
But who knows...
Prolanta was originally developed to treat breast cancer, but breast cancer is far too expensive to run trials on. They went with ovarian cancer first because they save money due to the orphan drug designation.
Lots of buying today! AH news drop?
8K out
Another person involved in a case that was dismissed?
"This case is an unusual one, in that in its complaint, plaintiff does not seek damages,
but rather permanent injunctions against defendants and disgorgement of all proceeds gained
or compensation received from the allegedly illegal conduct described in the complaint.
(Complaint, at 34-37). The SEC does not dispute that it is not seeking penalties or to recover
investor losses or damages, as would a private plaintiff, but rather equitable relief. (Pl’s Mem.
Opp. Mot. for Jud. Not. at 5, n.5, at 7, n.7). As previously indicated, the SEC was tardy in its
discovery responses and in disclosing its expert opinions, but not so late as to merit preclusion.
Thus, the only lesser sanction, besides attorney’s fees, would be preclusion of any evidence
relating to the damages analysis which was due more than six months ago, and for which
plaintiff never sought any extension of time. Such preclusion effectively would bar plaintiff’s
claim for disgorgement, leaving only plaintiff’s requests for various permanent injunctions.
But as addressed before, such injunctive relief would bar defendants from pursuing their
livelihood, based upon events that happened some seven years ago, for which defendants
largely have been deprived of the ability to defend themselves properly. Under these
circumstances, there do not appear to be any adequate lesser sanctions that can be imposed
against plaintiff."
Bearing in mind that under Drake, “[n]o one factor is dispositive,” 375 F.3d at 254,
three of the five factors gravitate in the direction of dismissal under Rule 41(b), while the
remaining two militate against such dismissal. Under these circumstances, and especially in
light of the significant delay in this case, dismissal under Rule 41(b) is appropriate.
Therefore, Defendant Coons’ Motion to Dismiss for Lack of Prosecution [Doc. No.
152] and Defendants Durando and Packetport, Inc.’s Motion to Dismiss for Lack of
Prosecution [Doc. No. 154] are granted. Defendant Dotoli’s Motion to Join Motion [Doc.
Nos. 158-59] and Defendants Microphase and Packetport.com, Inc.’s Motions to Join Motion
[Doc. No. 160] are also granted.
SO ORDERED.
Dated at New Haven, Connecticut, March 21 , 2007.
/s/
Peter C. Dorsey, Senior U.S. District Judge
Electrum is huge. One of the biggest crypto wallet companies out there.
The other thing that burns me up is the fact they have a potential cancer treatment. There are cancer patients who could benefit from Prolanta if its effective. Making them wait for a treatment because you want to focus on ticker changes and uplists just doesn't seem right. Getting through the trials and potentially helping people has to be first on the list.
I believe management spent too much time worrying about ticker change, name change, uplist, believing that was going to raise PPS and put them into a position to raise money with minimal damage. They sat on their thumbs praying that PPS would increase as the note conversion date drew closer and closer.
I dont believe they ever raised enough money to get the next cohort going. Instead of wasting time and effort with all of things mentioned above, getting the trials immediately going again should've been the priority. What management doesn't understand is that OTC investors do not care about name changes and uplists and board members. They only care about news that will pump the stock.
Now that they raised more money, news about trials should happen soon. If not, they are royally screwed.
IMO
Yeah that's true if the company goes through with the chapter 11 or chapter 7 bankruptcy reorganization. But this is different, BioAmber is motioning to dismiss the bankruptcy. They aren't going through with it.
I completely agree.
This makes a lot of sense. Either way seeing the company active is a good thing no matter which way you slice it.
Could they not have just closed up shop a long time ago? Why would they wait for the settlement as a reason to do so?
If the price runs high enough they may never do an RS. I've seen reverse mergers where they initially include the RS language but never act upon it.
Brian Kistler is no longer apart of Palewater, but the last merger he was apart of went through smooth and that was Oncolix reverse merging into Advanced Environmental Petroleum Producers.
Here are some links that support Milost and show that they are running a legitimate alternative funding private equity firm:
https://www.streetinsider.com/dr/news.php?id=13598966
https://www.cnbc.com/2016/09/28/globe-newswire-phi-group-receives-the-first-drawdown-from-the-50-million-milost-equity-subscription-agreement.html
http://markets.businessinsider.com/news/stocks/femab-properties-receives-the-initial-drawdown-of-10-million-from-mesa-fund-1-1011635358
https://za.investing.com/news/stock-market-news/briefvisual-intl-receives-second-drawdown-under-milost-funding-deal-1048230
https://www.bloombergquint.com/business/2018/04/03/failed-bank-buyout-deal-shows-perils-of-investing-in-nigeria
https://www.businessamlive.com/primewaterview-receives-2nd-drawdown-5m-financing-facility-milost-global/
https://www.businesspost.ng/2018/03/22/japaul-oil-blames-media-for-present-stock-market-woes/
https://www.econotimes.com/Femab-Properties-Receives-the-InitialDrawdown-of-10-million-from-MESA-Fund-1-1065211
The only sites that are slandering and attacking Milost are shady propaganda driven Nigerian sites.
Milost is fighting back and suing to the tune of $500m:
https://globenewswire.com/news-release/2018/03/26/1453106/0/en/Milost-Global-Addresses-the-Business-Day-Nigeria-False-Claims-and-Terminates-the-Unity-Bank-Transaction.html
So are we just going to ignore the fact that Ibeto has been working with Umahi the Governor of Ebonyi to resuscitate the Nigercem cement plant to begin developing the infrastructure of Ebonyi? And that President Buhari has already met with Govenor Umahi to give the go ahead for the development which is supposed to be kicking off at any time now? Umahi has promised to make Ebonyi the Dubai of Nigeria by the end of his 8 year term.
Clearly Ibeto Cement is no longer banned by the president.
Don't believe me? Check it all out for yourself.
http://hallmarknews.com/bigger-prospects-for-cement-firms-as-govt-pursues-infrastructural-development/
http://www.ricforum.com/topic?id=35
http://news.bounce.ng/Content/14-years-after-nigerias-first-cement-plant-to-resume-production-20171102
https://twitter.com/AFRICAAQUATICS/status/946436621330735106?s=09
http://hallmarknews.com/i-will-not-castigate-buhari-umahi/
Umahi quote:
"Umahi listed his administration’s development strides in education, health, human empowerment, infrastructure, and security, among others, noting that Ebonyi would be Nigeria’s Dubai after his eight years tenure."
http://hallmarknews.com/i-will-not-castigate-buhari-umahi/
Sounds like he some major development plans for Ebonyi. Ibeto Cement is going to be the major producer of cement for Ebonyi's development with the Nigercem plant. This is going to be huge.