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mopar, I have nothing personal against you. I just feel something is smelling in the Odidi's reign...and I feel as stupid as possible to have been so stubborn to stay here.
Now, with all I am loosing it really makes no sense to sell and take the loss.
Now like in poker, I have only few chips left, so I call whatever.
July 12, IPCI price 0.5295.
as of Yesterday - 24 days of trading to go to 0.26 = half mkt cap in a month !
but even better, this recent crash took place with an avg daily volume ot 73'842 shares.
this means that on avg it took 30K $ per day to halve the company mkt cap.
Now I am done giving names to mr Odidi; everybody here can have an idea of what he has been doing.
The time window can be easily enlarged to get even more disturbing numbers !
I repeat my request to remove the China meeting picture from IH ipci home page...I cannot stand it anymore.
Odidi is either a restarted or a con.
Reason I am still here is that I believe he is the former rather than the latter.
Nobody on earth would have permitted the company to go 10mln mkt cap.
If I knew a potential ten bagger I would leave the boat without turning back.
Worst investment experience of my life
You should probably thank Odidi, since you looked into his eyes and put faith in his words.
I am loosing big money and my only hope is that the same Odidi you always care to defend gets kicked in the ass...maybe then I can recover something.
I have a very bad feeling about what has been really happening behind ipci walls.
wim,
major part of the company resources (cash) went to pay salaries and benefits...and NOT to advance the pipeline, except HAP studies.
No effort to sign partnership or licensing, too busy in other major stuffs.
Odidis created their own toy and they have been playing us around for the last 2 yrs.
And pls...somebody remove the China visit picture form the IH IPCI page...I fell like I throw up each time I see it
Odidi needs to see his reputation being destroyed, in Canada and in Nigeria as well.
We live in the era of social media and online news; to get in contact with reporters and people interested with the man history will happen JUST AFTER he will ruin all us shareholders to grant his family & friends salary and bonuses in lne with a succesfull company story.
Odidi ...what a disappointment...he really is the GREAT PRETENDER
If mr Odidi will again sell 20-25% to buy 3 months for his salary, his wife and all his friends inside the company
INSTEAD of partnering and licensing out his products
he will end up loosing the company for not having received what he believed was the right value for his science.
He could seriously win some kind of dumbest CEO of the year award.
is he for real ???
Everything makes no sense here, that man is living on the moon (thanks to the money we gave him)
Angelo, if the result of the would be AGAINST the R/S we are going straight to a delisting because the idiot of Odidi wouldnt' be able to deliver anything substantial to move the price over 1$.
The only way to avoid delisting is if he would be forced to make a new offering and he will loose the company; at that point the change od control could in a matter of weeks start the turnaround.
Anyway, we have to admit that this management deserve no more than OTC-pink sheet....more likely deserve no possibility to run a company
Wim,it does seem Odidi realized that he couldn't deliver anything of what he promised... therefore the only possible route... procrastinate as long as possible milking the old and new shareholders.
Many here have been clearly feeded with inflated expectations, coming from Odidi ego instead of from solid science.
My hope is we get bought out and sold in pieces, with maybe some of the drugs still pending advanced to commercial stage.
There is no more hope here until the man is the driver.
Not even ANDAs approvals... disgusting...2 more expected by the end of 2017!! Ridiculous
There is a special pathway for ipci application only...ANDS in Canada for IPCI applicant should take...4ever!
Bunch of incompetents
And what about Ranexa? No clue if it falls under the new reduced time approval procedure?
If only they didn't completely screwed up all the pending AND AS applications...their CRLs collection should be quite impressive now.
In the meantime the absolute silence of the geniuses army should point without residual doubt to the RS vote.
Happy to be wrong and being considered a depressed investor
Anyone had the time to compare the amended prospectus presented as of 3th of August with the previous one?
just got back from holidays and gave a quick read.
they still say to have 0.2K of cash.
Seroquel numbers same as previous week (around 1K TRX per week, or around 40K $).
Focali same level as well.
" he has escaped fiduciary responsibility and shareholder accountability. "
It is so true. I asked to Odidi defenders why they still want him at the helm. I don't understand but I am open to hear why that man should be allowed to keep on derailing the company financials and reputation.
We risk the end of story chapter
WeeZ, so far you have been quiet correct about ipci.
But maybe you can be wrong on all your points, and your long time involvement with ELTP proves that anybody can be wrong, even you.
Let's what the Odidis dream will deliver this time...maybe their stupidity will lead them to lose the company...and at that point we could see something different than a cash sucker freefalling veichle of promises.
Angelo, why don't you want Odidi replaced ?
I respect everybody's opinion and I really would like to know which could be the reasons to keep him as CEO and his wife COO.
Here my points for the replacement case, Tomorrow:
- monster salaries and bonuses compared to company's cash burn
- failure at the AdComm attributable to lack of studies (which sounds deriving from neglicence, lack of a partner, lack of experience)
- failure to progress the ANDAs pipeline which would have granted the company enough cash to feed the operations (they likely collected CRLs back and forth)
- minimal communication to the markets, with an hostile attitude towards the shareholders; I am almost sure there is room for a lawsuit for not disclosing of material information to the shareholders
- offerings made just to buy 3months of time (each time the made them): to say they had no vision is the minimum. Offering have been made slways at historical lows (bad bad timing)
- clearingly and consistingly not meeting their own guidance: which means inability to plan and budgeting.
- inability to partner ipci's products, which is one of the basic strategies of small and micro cap biotechs.
To me there are enough points (I would say too many) to scream for a management change. But this is obviously my humble opinion. Being a listed company comes with a burden, if you cannot live with it, then you are forced...this financial markets history.
Now it's your turn, even Mopar if you would to share your considerations. You met in person, looked through his eyes.
Just a fool or the great pretender?
If a fool, it is worth a doubledown if the great pretender...take the loss and sue him to death
Short Interest continues to increase
now @ 2.24Mln shares
I remember end of May it was 1.7Mln.
Now, only Odidi didin't see that the Group was working to steal his company using for this strategic result the remarkable amount of 100K $ per day, often from one account to another ?
Is it that complicated to understand ?
Yes Wim, it looks like the price settled into a specific range where the new offering to Boyd would take place.
At that point he will gain control and Odidi will become CSO, allowing for a new phase of turnaround and complete change in the management style.
Will be nice to see the face of those who write that covering over 2mln shares when you an avg traded volume of 100K will happen with no impact on share price.
Wim, it is Total Prescription Count.
Here is the New Prescription Count
07/20/2018 07/13/2018 07/06/2018 06/29/2018 06/22/2018 06/15/2018 06/08/2018 06/01/201
502.00 487.00 404.00 385.00 382.00 432.00 419.00 355.0
Seroquel numbers
TRX count - weekly
07/20/2018 07/13/2018 07/06/2018
1.01k 1.00k 906.00
TRX MBS $
40.13k 39.52k 35.13k
Focalin numbers...nothing NEW
Samsa, I am OK with your logic; the main problem here which is keeping me from doubling down is this:
is IPCI for real ? in the sense, is IPCI science for real ?
It looks beyond any logic that the company can't progress its pipeline in any direction other than the HAL/HAP studies for Oxy.
I mean, either ipci si voluntairly reatining from delivering info to the market (which by the way I believe is against the SEC regulation) or the REALLY have NOTHING to deliver except promises.
Doubling down here it is a mere vote of faith (which a desperate like me could indeed decide to do)
Likely an algorithm error caused by the enormous volume traded today
doog, very likely it was the usual concertated action by 2 or 3 guys who can short-wash the stock without any particular effort.
they probably reached the price where they are negotiating the price of the offering with the masterchief-idiot in charge.
I am know hoping that he does sell 25% of the company and ends up working just in the lab for someonelse @ 1/4 the current salary.
Samsa you were right in your consideration about the wall, I was just underlining how idiot is Odidi letting the mkt cap free fall with easy manipulation.
It is beyond any possible logic to let this happen, he is like a disease for this company
Funny how 6.6k USD now look like a wall.
Nobody is willing to buy, so pharmerguy & friends are free to drive the price down effortless.
Odidi is a pure idiot, same myself for putting faith in that man
wimus, just a dream ! how can we expect something serious and a bet on the company future by a man who is selling portions of the company just to grant himself and his wife wonderful salaries.
Now we can only hope that 1 single buyer will pick up all of the shares of the next offering...and Odidis are out...
..and it can only be for the good, because there is no worst nightmare than these f...ing idiots looking the share price being disintegrated for more than a year and not making one single step from a strategical point of view.
he is dead, and he now likely understands it....so to me he will be trying to grant himself his privileges for the most possible time.
Think about dr Odidi putting out a PR where he announce himself buying a new offering for 5mln Usd (like his own and his wife's salaries of the last 2 yrs)...not bad ?
But no, the big scientist is not even buying 5K $....what ?
ipci is probably in a blackout period ?
OR just Odidi blackedout ??
wake up call for mr Odidi, wake up call
Hei mr Odidi, are you having serious issues with math as well ?
The more the price goes down the more devastating will be for you to RS and/or raise new money and/or negotiate anything.
Either he is completely dumb OR he just has run out of options.
What inept !
And still... with ease and smoothness, mitical pharmerguy & friends are destroying the mkt cap with just 150k shares per day...in $ it is a redecoulous amount, but much worse is Odidi inaction. Wake up idiot
Wimus,
only solution is to have Odidi forced aside; he is the main problem, everybody here now understands it.
Second problem is to find someone capable to drive this stock off the control of pharmerguy & friends, who have been f....ing with Odidi for a while now...but I have to admit, it seems like the man does like it!
As Samsa has been pointing out many times the two factor together are Killing US, long time shareholders, caught in the middle of a battle between financial raiders and an arrogant doctor.
Right now I believe only a miracle will avoid us from the worst possible outcome, which to me is a delisting, go to OTC-pink sheet, be shorted like hell until say 0.05cents and then took over for 0.3$ a share.
just would love to see Odidi face, look into his eyes and try to understand if he does care, OR he is now playing his role knowing the inevitable final outcome (possibly joining the short game)
This story is so sad.
half of which engaged in doing nothing else than sustaining the Odidis cause
Seroquel numbers - slowly porogressing
TRX count - weekly
07/13/2018 07/06/2018 06/29/2018 06/22/2018 06/15/2018 06/08/2018 06/01/2018
1.00k 906.00 807.00 833.00 831.00 902.00 727.00
TRX MBS $
39.52k 35.13k 29.73k 31.65k 30.67k 34.53k 29.39k
no changes on Focalin.
15:1 becomes more likely the more the price goes down.
Did you realize that as soon as the object of the voting in August became known the shorts came back to work ?
We are fucked. Period
It all depends if we manage to avoid delisting...and considering our brilliant dream management team...it is not granted at all
The Odidis salaries,and those of their do nothing friends, has no solution other than someone else taking control of the company.
Since Monday a new shorting wave began. This tells me that as always happened in the past shorts do know that no good news are about to be released around the corner.
IF ipci is not just a total fake at some point it will be taken over...but the price will be a joke.
All my disrespect to the multimillionaire doctor.
Odidi is just a thief, with titles and science, nonetheless a thief.
Ps no updates on sales cause I am not at my desk today.
didn't find the 0.45$ price,
anyway I did find this, which could confirm your scenario:
"The registration of these Common Shares does not mean that the selling shareholders will sell or otherwise dispose of all or any of those Securities"
IF they are forcing him, it is because the fear he could drive us against a wall...which is very disturbing, but confirming the man is very Dangerous for all of us
they are f...ing him up
Odidi master of Idiots
the situation seems to be coming to end; it does really seem nobody is willing to give money to Odidis anymore.
Now the man has two options:
1- make deals and conclude something big in the next few weeks
2- try any other avenue and have the company's control lost
From the track record and the personal profile of the doctor option n2 is the most likely outcome.
Everybody remember here that when the sharqs feel the smell of blood the won't make any concession...which for us shareholders could be very bad.
the sharqs know he has 200K $ and a gum in his pocket; how can a CEO be so stupid to arrive to most crucial moment of his company's life without CASH ??
I never toought Odidi was so dumb, not pragmatic and arrogant to run the company into a wall.
agreed,
the Whole family and friends.
with drastic reduction of costs, and Isa just in the lab, with a professional COO
it looks so, and the warrants exercise price is much higher than current one...
is like if some shareholders holding warrants (Armistice ??) are saying: want more money? ok, deliver something tangible, push company valuation up and you will get the money.
anyway since it is something completely new to me I cannot make reliable hypothesis.
Let's hope the pressure on Odidi will force him to act and finally force him to step aside.