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R u reposting my Yahoo posts? lol
OPXA CEO Warma canceled confr. Last minute!!!!
Here is interesting scoop: Neil Warma, opxa ceo,was scheduled to present at the OneMed Conference last Thursday, the 12th. Per a representative of OneMed, Opexa "canceled last minute". You can confirm by calling OneMed at 212.734.1008
The very next day, the stock surges. Since then, stock has held up well and volume has been strong.
Why does a CEO of a Company with only $2MM left of cash ($800K/mo burn rate) sign up to present at an Investor Conference to attract funding suddenly cancel the presentation?
I agree. These arr new days for opxa
Looks like someone else pickup on Neil missing the meeting
http://www.scimitarequity.com/blog/2012/07/16/sentiment-improves-but-regmed-small-caps-muddle-through-choppy-markets/
See section re:OPXA
OPXA CEO didn't show up to present at the Confernce on Thursday and stock goes crazy the next day
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=77507235
Neil was scheduled to deliver 13 minute presentation thursday at the onemed forum.
http://www.onemedplace.com/forum/wp-content/uploads/2012/07/6-page-conference-brochure1.pdf
But he didn't end up presenting......
Opxa was no longer on the website of companies presenting on Thursday am
http://www.onemedplace.com/forum/presenting-companies
And in fact he didn't present according to who ended up presenting
http://onemedplace.com/forum/webcast/#page=page-a
So why did Warma all of a sudden not present at a Confernce and the following day the stock goes crazy?
Did he bail because he got the deal finally? People take notice when a company seeking funding suddenly bails on a presentation
SA article came out two days before the uptick.
However, they just hired two employees this week to make it 27 employees. In addition, yesterday the posted a new job position. Looking for 3 more
There hasn't been any hiring activity in over a month. Seemed like a freeze. But something happened that they now need a manuf. cell therapy tech.
I believe thay may have found funding.
What's Wierd is that the CEO was supposed to present last Thursday at the onemed conference. It was in their flyer. But on thursday he didn't speak and opxa was not on the list of companies to present on the onemed website. Strange. Why say you are presenting then not?
Did he just get a deal and pulled out at the conference? Maybe people are aware of this.
OPXA Primer
-Cash balance around $2.5MM as of June based on mo. burn of over $800K
-Last year had 11 employees. Just hired two more to bring the count up to 27. Still looking for 3 more positions to fill. Most new hires have been in the last 6 months. Why hire employees only to have them sit around or be laid of in 2 months. Remember why add to the burn rate if only have a little money left
-Fast Track status granted to TCelna (formerly called Tovaxin)
-Singed a CRO in Feb 12
-Recent build out of existing facilities to improve GMP process
-Spent over $1MM in reagents and supplies and over $300K in equipment in Q1 2012
-Facility Build Out
-Legal and Business Development expenses up significantly in Q12012
-Spent over $1M on Supplies, Reagents and Equipment. Why?
-Rebranded Tovaxin to Tcelna
-Pending Phase IIb Trial is called Abili-T.
-Currently preparing for Phase III too per last 10Q
-Received FDA go ahead for Phase IIb and Phase III
-Feb 12 delisting notification. Any reverse split requires Shareholder approval
-FDA has given approval for phase IIb and III to start
-Finalized Opexa’s proprietary web-based system, ImmForm and will be used to manage patient, product and samples throughout the study.
Light Reading
http://opexatherapeutics.com/files/Factsheet.pdf
Q1
http://opexatherapeutics.com/?page=release§ion=news&article=051112
Recent PResentation
http://opexatherapeutics.com/files/Opexa%20Therapeutics%20Corporate%20Presentation%20BIO%20CEO%20February%2013%202012.pdf
Why continued to spend millions of $ only to have to close up shop in a few months and let go all the employees that just got hired? These people sold house, left jobs, etc to go to OPXA.
PRIMER FOR OPXA
-Cash balance around $2.5MM as of June based on mo. burn of over $800K
-Last year had 11 employees. Just hired two more to bring the count up to 27. Still looking for 3 more positions to fill. Most new hires have been in the last 6 months. Why hire employees only to have them sit around or be laid of in 2 months. Remember why add to the burn rate if only have a little money left
-Fast Track status granted to TCelna (formerly called Tovaxin)
-Singed a CRO in Feb 12
-Recent build out of existing facilities to improve GMP process
-Spent over $1MM in reagents and supplies and over $300K in equipment in Q1 2012
-Facility Build Out
-Legal and Business Development expenses up significantly in Q12012
-Spent over $1M on Supplies, Reagents and Equipment. Why?
-Rebranded Tovaxin to Tcelna
-Pending Phase IIb Trial is called Abili-T.
-Currently preparing for Phase III too per last 10Q
-Received FDA go ahead for Phase IIb and Phase III
-Feb 12 delisting notification. Any reverse split requires Shareholder approval
-FDA has given approval for phase IIb and III to start
-Finalized Opexa’s proprietary web-based system, ImmForm and will be used to manage patient, product and samples throughout the study.
Light Reading
http://opexatherapeutics.com/files/Facts...
Q1
http://opexatherapeutics.com/?page=relea...
Recent Presentation Discussing Datahttp://opexatherapeutics.com/files/Opexa...
Why continued to spend millions of $ only to have to close up shop in a few months and let go all the employees that just got hired? These people sold house, left jobs, etc to go to OPXA.
Not sure this is a bargain if there is an offering...
***SIGN ONLINE PETITION***
http://www.ipetitions.com/petition/more-transparency-from-neil-warmna/
Nothing typical with opexa. Need funds first before any trial is to start. Warma has said trials will start by 6/30/12
Good luck and welcome
CRO has been announced
Moving fwd
In the notes to the 10-K, Warma is stating it will take $32Million to fund a 3 year trail.
"Substantial Dilution" is possible per Warma.
I have been a long for 3 years and not thrilled with the lack of progress
VOLUME!
The last 6 months we have avg 88,640 shares.
Since 2/13/2012, when Warma presented at the BIO, we have avg over DOUBLE the volume at 187,711 shares.
Lets put this into perspective: While 187K shares isnt a lot. It is a lot for OPXA.
In addition, the avg. close prices since 2/13 is $1.02. This is up from an avg. $0.98 since 1/3/2012
Things are brewing. Buy Shares now. Buy some warrants Now
Why is OPEXA hiring quality people? Because it is a company that is about to start Phase IIb.
Remember too, they just hired a Facilities Manager and a Quality Control Manager.
Why would you need a Facilities manager after all these years not having one?
We are moving ahead.
I am going to Vegas next Thursday and would love to stuff my pockets full of $100 before I leave.
So your Asian Partnership isnt a rumor. Some thing you pulled out of your butt
Beast,
What would you like to know? I will answer any question you have
I am very hopeful of a partnership but have zero clue as to if or when it will happen.
I typically dont post BS rumors. Just what I dig up or my opinions.
Never said there was any partnership for sure. Who the f knows.
Feel free to answer my question now. I am waiting.
Opexabeast,
See you were born today. Do tell us of this rumor and what company?
Would love to hear this....
Any longs still around?
Not sure what my take is on opxa right now..
This was from 1 month ago. Totaly unrealated.
Good to see some old timers posting.
I am getting a bit antsy. Up to 40k shares and I think I have to be done
I have added 15k in the last two weeks. We will get some news very soon
Tnzlu,
This is where you been. I am still holding opxa. Good to know you are still in opxa.
Key-get in now. Don't worry about the pennies.
Feuerstein from the Street.com has a nice little hit piece on Opxa
http://www.thestreet.com/story/10721681/5/biotech-stock-mailbag-vertex-pharma.html