$ME->Wakeup('2021-02-15 00:00:00');
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Except that's exactly why they STATED they wanted a vote to authorize shares.
Shares were not added, only authorized to be if the company wants to acquire talent or another company
There will be another data readout of EAP open label patients coming to a screen near you soon
I tried to tell everyone this, no trial results are coming. "Hey man, want some shrooms?" is not something most COVID patients would want to hear
This PINK stock isnt ever going to be anything more. There will be no up list, no EUA ... management is a disaster
up 5% on Swiss, they know there will be another PR this weekend with more good news
Smart traders have taken their gains and ran. No real investor would put money behind RVVTF, just OTC "traders"
Who does a trial by "invitation" only, zero empirical data to show efficacy in patients for COVID
There will be another drop today. Nothing to hold this up, no data or results.
All items approved and clarification of some others:
Dr. Jonathan Javitt did not accept his nomination, as announced at the 2020 Ordinary General Meeting, to join the Relief Board of Directors.
Further, Relief has not directly had any discussions with Operation Warp Speed or any other U.S. government agency.
https://relieftherapeutics.com/newsblog/relief-announces-results-of-extraordinary-general-meeting-of-relief-therapeutics-holding-ag-approved-with-large-majority
Based on this we can assume that:
1) Some entity has had contact with OWS, most likely NRX.
2) RLF has had direct contact with some non US government agency
Best,
JB
Dead cat bounce today. Just a test run of what is to come. I Still have 500k to unload. Nothing to support share price other than hype currently
False statements and hope by CEO compound the problem. September he said sites are read, now it appears they have some "really trust me this time" but if you look at them they are not major medical centers. A couple small general practices with single MD's
Show me one patient success story... There are none. Where does the trial stand? Noone knows. What kind of trial list "invite only"? They always say recruiting. The only data is "hope" of some test tube and mouse results. The CEO is just selling shrooms as false hope
There is nothing but vapor ware currently folks. They do not even have a trial going imo. Call yourself lucky and move on as I am. Watch the drop tomorrow.
I saw a screenshot of someone who emailed them and they said about 24 hours for a PR. It most likely will have quite a few tidbits of good information given all the recent EUA patient stories and data thus far. Greener pastures ahead.
Best,
JB
If you want to see "invitation only" recruitment is going, call a trial site. This is not the point of care setting (your annual checkup) where most COVID diagnoses occur. It's going to be a long time before ANYTHING is known from this double blind trial. What is that conversation to get invited into the RVVTF trial like "So I know you were here for your physical, looks like you have COVID though. Want to try some 'shrooms?"
There is most likely going to be a other sell off. There is nothing to hold this price as all the "trial " sites are small single MD general practitioners. Many will be cashing in.
Connecting.The.Dots.For.Everyone...
. . . . . .
JJ not accepting the RLF board position was one of the early signals something extraordinary was to occur. RLF staff confirming the reason he couldnt accept the position solidified it. Ask yourself, Why would JJ not accept the paid position to be on the board of his partner company? He has a vested interest in seeing RLF do well, brings a lot to the table as he is in charge of the US trial AND they even voted to approve HIM. The lawyers and M&A specialists put the brakes on, that's why. Again, confirmed from staff. The plan in motion has been in place much longer than most realize.
In case you missed it, NRX announced a RM to get listed with a SPAC (basically a shell company that was set up for this exact purpose). Now we all know about the extraordinary meeting tomorrow. Several things stand out but surely you have heard about the shares and compensation. RLF wants to use these shares to:
1) Compensate and attract/pay management talent with fixed and variable compensation including stock options
2) Use as a financial instrument to "raise capital or persue acquisitions" and to use "as financial instruments with conversion features.
Well ask yourself: Who would be the talent/executives they would they want to attract & pay? Anyone know of a whole team of individuals that might fit the bill? I can think of some...
Now for the shares, This is not "dillusion", dillusion would be if they took some of the ALREADY authorized shares and issued them which would increase the outstanding shares. They made a shareholder announcement indicating specifically what these 2 types of shares "could" possibly be used for if they were ever issued. These authorized and conditional would not be added to the public float even, IF they were ever issued they would go to insiders. The authorized indicate to persue acquisitions and the conditional could be used for the same acquisition as long as the conditions are met.
I would think the M&A experts (btw RLF & NRX have several) plan these out far in advance, they take time but the wheels are in motion. It seems that bigger things are in store, just keep your eyes on the news feed.
In summary, they want the ability to pay people and acquire something. Who would they want to pay and what would they want to acquire (or RM into) ... I think I know.
Best,
JB
Today look like the beginning of a downward trend for RVVTF unfortunately.
RVVTF stock is up on no news, I sold half of my position. There isn't going to be anything coming in soon.
- JB
Great close, RLFTF share price is still holding the line. We can only await and look forward to our "special project" meeting on 12/17. It can go both ways...
RLFTF will win regardless
Best,
JB
Big Rock Partners Acquisition Corp. Announces Merger with NeuroRx, Inc.
Mon, December 14, 2020, 8:15 AM EST·13 min read
Combined Company to Have an Estimated Post-Transaction Equity Value in Excess Of $500 Million (Excluding Potential Earnout Payments), Assuming A Share Price Of At Least $10.00 Per Share
NeuroRx, Inc. is a clinical stage, small molecule pharmaceutical company which develops novel therapeutics for the treatment of COVID-19 (RLF-100 or "ZYESAMIâ„¢ (aviptadil)") and Bipolar Depression (NRX-100, 101)
DELRAY BEACH, FL / ACCESSWIRE / December 14, 2020 / Big Rock Partners Acquisition Corp. ("Big Rock") (NASDAQ:BRPA), a special purpose acquisition company, announces that it has entered into an Agreement and Plan of Merger with NeuroRx, Inc. ("NeuroRx"), a clinical stage, small molecule pharmaceutical company. NeuroRx develops novel therapeutics for the treatment of COVID-19 (RLF-100 or "ZYESAMIâ„¢ (aviptadil)") and Bipolar Depression (NRX-100, 101). Under the terms of the transaction, Big Rock and NeuroRx will merge and the company is expected to continue to trade on the Nasdaq Stock Market under the symbol "NRXP." The transaction is expected to occur in the first or second quarter of 2021. As a public Nasdaq-listed company, NeuroRx expects to have increased access to capital to continue development of its innovative drug pipeline targeting Central Nervous System (CNS)/Psychiatry and Respiratory Disease.
https://finance.yahoo.com/news/big-rock-partners-acquisition-corp-131500357.html
NRXP to be listed via Reverse Merger
DELRAY BEACH, FL / ACCESSWIRE / December 14, 2020 / Big Rock Partners Acquisition Corp. ("Big Rock") (NASDAQ:BRPA), a special purpose acquisition company, announces that it has entered into an Agreement and Plan of Merger with NeuroRx, Inc. ("NeuroRx"), a clinical stage, small molecule pharmaceutical company. NeuroRx develops novel therapeutics for the treatment of COVID-19 (RLF-100 or "ZYESAMIâ„¢ (aviptadil)") and Bipolar Depression (NRX-100, 101). Under the terms of the transaction, Big Rock and NeuroRx will merge and the company is expected to continue to trade on the Nasdaq Stock Market under the symbol "NRXP." The transaction is expected to occur in the first or second quarter of 2021. As a public Nasdaq-listed company, NeuroRx expects to have increased access to capital to continue development of its innovative drug pipeline targeting Central Nervous System (CNS)/Psychiatry and Respiratory Disease.
https://finance.yahoo.com/news/big-rock-partners-acquisition-corp-131500357.html
Smart Money Follows Bigger Smart Money . . .
"Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can't buy what is popular and do well."
- Warren Buffett
"Whether we're talking about socks or stocks, I like buying quality merchandise when it is marked down."
- Warren Buffett
"No matter how great the talent or efforts, some things just take time. You can't produce a baby in one month by getting nine women pregnant."
- Warren Buffett
"Our favorite holding period is forever."
- Warren Buffett
Be Smart,
JB
Yeah, but none of the show off Xrays and blood O2 levels
JTORRENCE Because they need it the most, it literally saves lives. Once available for severe, it will trickle down ... especially for other respiratory ailments as well. IE: There is currently a patient undergoing treatment with the inhaled that was awaiting a double lung transplant, so far daily improvements have been posted and prognosis is looking good now.
EXACTLY what I said when I first read it. Was most EXCITING thing I've read in 5 months even.
Weird you and I are sharing a common feeling and agreeing....
The FDA signed off on a new treatment regimen for a new condition...
(covid free, awaiting double lung transplant)
This could be the start of a new trial, a new paper, a new EUA...
"This is a big fkn deal"
-JB
I stand by my statement, there are publicly available xrays, O2 measurements and outcomes that show RLF-100's efficacy.
There is no other drug that has this.
IVERMECTIN is the next hydroxychloroquin in my opinion. It is for parasitic infections and used primarily for worm infestations in animals and humans.
If you watched any of those hearings, it's pretty clear they are just grasping for straws. I prefer to stick to FDA sanctioned clinical trials and their results.
BTW read about the patient on facebook "Prayers for Delinda". She was COVID free longhauler awaiting double lung transplant. The FDA granted access in this special non covid case and she was treated with a new/different regimen than the trials.
Pay attention to the news this week
Best,
JB
There is no other therapeutic that has shown the safety and efficacy as RLF-100. They have released Diagnostic Xrays and Clinical O2 levels of unconscious intubated ICU patients. The science and results behind the product are sound.
So what is a company worth that has effective and safe therapy for a global pandemic. I dont know either but can tell you a lot more than a 1billion market cap. This is not your typical OTC stock, you know where dillusion and things are the talk of the day. They have something that the entire world desperately wants and needs.
The upcoming vote on new shares are 2 categories.
Item 4
This is to allow the board increase the "Authorized Shares" by an additional 193,273,948 from the current amount. They are currently authorized to issue a maximum of 1,056,726,052 shares... this change would allow them to issue a maximum of 1,250,000,000 shares instead. A nice even number, The vote is to allow them to issue 193m new shares if they choose.
Item 5
This is is for conditional share capital increase. It will increase the available from 120,329,636 to 340,000,00. Again a nice even number. The increase of 219m to be used as backing for major financing etc In case we want to buy more drugs for the pipeline
This just gives the the Authority to issue these and even if they were issued at some point , they would most likely never see the public float ever. There is zero concern, the science, data, & product are all sound. Just look at the recent PRs and ever increasing patient stories of lives being saved.
Best,
JB
More data and news will be coming
On 11/24 they issued a PR that showed EAP data on 90 of the 175 at that time who were 28 days out. I'd expect another read when 165 total of the EAP group are 28 days out, which should occur this month.
Also, we most likely will see "something" prior to the extraordinary meeting
Best,
JB
EUA was originally applied for on 09/17, modified per FDA guidance and resubmitted on 09/23
There is no conspiracy...
JB
Vaccines are only for healthy people, we need help for the sick, hospitalized and dying
The great Vaccine race has its first cross the finish line. "Maybe" it will help to some degree. Regardless, Safe and effective therapuetics are desperately needed. The infection, hospitalization & death rates continue to reach new daily levels.
Perhaps they might want to finally look into something that can actually save lives NOW? Just look at the EAP data, xrays and patient success stories on RLF-100 (Aviptadil) to see its efficacy as well as its decades of safety. It has already saved more lives than any vaccine.
See for yourself:
https://www.neurorxpharma.com/press-releases/neurorx-and-relief-therapeutics-announce-enrollment-of-150-patients-in-phase-2b-3-trial-of-rlf-100-for-critical-covid-19-with-respiratory-failure/
And
https://relieftherapeutics.com/newsblog/relief-therapeutics-and-neurorx-meet-165-patient-enrollment-target-in-phase-2b-3-trial-of-rlf-100-for-critical-covid-19-with-respiratory-failure
The World awaits...
Best,
JB
GEM is only increasing, now 54.8% ownership!
GEM has been increasing their shares and now owns 54.8%! We were notified when they crossed 50% threshold on 12/02/20 per the SIX rules and if they ever fell below 50% it would have to be reported as well. Smart money follows bigger smart money.
https://www.ser-ag.com/en/resources/notifications-market-participants/significant-shareholders.html?issuedBy=THERAM#/shareholder-details/TAKBI00088
Do REAL "DD",
JB
Every single day there is more positive news! The sheer amount is amazing actually. This is unlike any ticker I have ever followed or have been lucky enough to hold a sizable position in so early on. I am having a hard time keeping up adding them to the intro even!
Best,
JB
I'd like to point out the ever increasing amount of RLF news stories that are linked in the intro. There seems to be a new one almost daily now. Word is spreading about RLF from patients whose lives have been saved and by more frequent company issued PRs. Still not one drop of negative news, It is just a waiting game now for events none of us nor the company can control to transpire. Stay long and be smart.
Best,
JB
Just added the 24 known EAP Trail sites to the intro
There are more already and the list is growing daily now
Please keep your arms and legs inside the ride at all times!
Best,
JB
Updating the intro with News & PR's... there are SO MANY its getting hard to keep track. Please PM or post ones I missed
Best,
JB
Smart Money Follows Bigger Smart Money . . .
"Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can't buy what is popular and do well."
- Warren Buffett
"Whether we're talking about socks or stocks, I like buying quality merchandise when it is marked down."
- Warren Buffett
"No matter how great the talent or efforts, some things just take time. You can't produce a baby in one month by getting nine women pregnant."
- Warren Buffett
"Our favorite holding period is forever."
- Warren Buffett
Be Smart,
JB
Scare tactics or lack of understanding/comprehension idk ...
Either of which is not helping anyone.
There are 2 items being voted on related to shares that amend the companies articles of incorporation. Outstanding and public float are not affected by either. Your math and understanding of what this is are both completely wrong (Further proof that some people should not be allowed to vote IMO).
I've read your prior sympathy posts, the posts claiming naivety and now posts indicating that you have been through a lot. I realize you would like for me to agree with you but then we would both be wrong. I will just correct you as a public service...
Item 4
This is to allow the board increase the "Authorized Shares" by an additional 193,273,948 from the current amount. They are currently authorized to issue a maximum of 1,056,726,052 shares... this change would allow them to issue a maximum of 1,250,000,000 shares instead. A nice even number, The vote is to allow them to issue 193m new shares if they choose.
Item 5
This is is for conditional share capital increase. It will increase the available from 120,329,636 to 340,000,00. Again a nice even number. The increase of 219m to be used as backing for major financing etc
That's 412m total. More than half of which would goto to insiders/investors etc. None of them may never be issued even. This is not share dilution but I know where the "delusion" is. Enjoy the chase, catch you in the rear view!
Cheers,
JB
1 week hiatus starting today
The MSCI index listing will generate significant buy orders Mon afternoon and Tuesday. Expect much higher than normal volume. Index tracking funds will need to add shares. They will have to obtain these from somewhere, I will be holding onto mine tightly.
Best,
JB
There is another page with signatures and a 11/23 letter to RLF as well. The guy who wrote it, the lead signatory is an attorney. There are 35 additional electronic shareholder signatures as well. How anyone thinks "well he has some good points" and doesn't realize this is both foolish and possibly somewhat hamper things might even be on it...
¯\_(?)_/¯
I must know who signed as Mike Oxlong though... Bravo!
Cheers,
JB
We were fortunate to be given a peak into the EAP data so far. It is beyond promising and shows a dramatic improvement in mortality in the patients too sick to enroll in the trial. These were the sickest of the sick and 72% of those 90 were alive after 28 days, compared to 27% of the group treated by the same staff that did not receive Aviptadil.
The trial must reach full enrollment and come to completion. We do not need cheerleading, fluffy PRs, billboards or anything of the sort. We need completion of our FDA sanctioned trial, the results will speak for themself.
I have never had "business partners" with such short sightedness, compounded by a lack of patience & understanding. Some of you may know some things about me, some of you may not. If there's anything to know about me it is that I am an investor -- not a trader. I have done my DD and have a high degree of certainty where this will end up.
I fail to see any concern is ANY of the trivial conspiracy theories I have the unfortunate task of reading. They are completely baseless and have no merit. I have put my money behind a company that appears to have a world changing product and who has partnered with the world class team that will usher their product to market. I realize this is their area of expertise, why we partnered with them as well -- they ARE the best qualified to do so. To think that Joe Schmoe and his 1000 shares knows best on how to make this happen more effectively is laughable. I invested in the company, I have hitched my wagon to GEMs. I do realize RLF needs a CEO but can assure you none of these keyboard traders fits the bill nor would they get GEMs support or therefore mine. Based on what I seen these traders who think they know better than our staff would not even be qualified to run a hot dog stand.
Have patience while the trial completes, the results will speak for themselves and be indisputable. The media will converge on it and the whole world will know about our company. Let OUR team do their jobs without incessant "I think this, I think that and am worried about that other thing". Act like an investor or at the very least like an adult.. it will pay off if you do.
Best,
JB