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Wow, good letter!
I have also thought of that. I would hope that if nine entities were working to inhibit anatabine, one would do the opposite and team up with what seems to have great potential. As I said yesterday, it seems that when penny stocks do an R/S, the price drifts back down anyway if there is no news. But I don't have a large body of evidence for that.
True, true. It is pretty hilly terrain. And you'd have to avoid the original Arizona Diamondbacks. I have two ad clients in Sierra Vista (on another note), and I have been wondering how this will affect growth there if there really is another Bingham Canyon in these here desert hills. Perhaps some day in the future, if there truly is big mineral deposits here, they will reclaim and re-vegetate, and then they can build a baseball field here. Rosemont Copper (now Hudbay) has a cattle ranch that will help reclaim the land when mining is complete.
"Passed over" makes no sense. No one has ever come close to mining here and the official state geologist(s) originally made a mistake when describing this area. I've been there. It is practically virgin territory. Although I did have drinks with it once but did not even get to first base...
For the reason I just mentioned, at this point I would vote "no" on any R/S. I fail to see any benefit to shareholders; seems like its just a perception issue. I own one stock, a beverage company that did a 1:100 R/S. Hard to compare apples-to-apples, but it now sits at no bid. And it pizzed off almost all the shareholders.
Hi Leif. What do you think about the reverse split idea? It seems like that never works with "penny stocks"--including our other mutual investment. I feel like unless it is a company like a bigger "C", where a R/S seemed to work a few years back, the share price seems to drift right back down unless there is some good news. At least we are now in Q3 and although we may not get any news until Q4, some type of news about new investment could mitigate any drift down of the S/P.
Thanks for that.
So with what we know from the company, posts here and today's posts on the other board, it seems you could write your own ticket for about $100,000. Let's say, for the sake of argument that LBSR has raised $50,000 in PP. Drilling could begin with $150,000. You could buy a bunch of shares on the open market, then do the $100,000 PP, THEN take advantage of the warrants. If drilling news does make the S/P go up, you could sell all the shares you bought and still have your PP and the warrants opp. I wish I had $100,000.
I am by no means an expert, but I think if RCPI signed some type of agreement with an investor, that material event would be announced as soon as possible. It's be interesting to know if there at least a few ongoing discussions stemming from those two events in June.
Meanwhile the inflammaging topic seems to get hotter all the time. I just saw a story about a study that showed marijuana can reduce the inflammation of Alzheimer's. As I post (too) regularly, my doctor had two patients with mild to moderate Alzheimer's taking Anatabloc and both reported very good results. And when their supply was gone, both deteriorated almost immediately.
My own opinion based loosely on "recent" company communications is that the earliest we would hear about any trial news would be Q3 of this year. And today is the start of Q3. It would be nice if the company found some investors from one or both of those conferences that Dr. Mullan presented at. That could mean a sooner rise in share price. I am betting not on a few pennies in the short term, but more like a 100 bagger within 6 to 9 months. All based on nothing, but with the product RCPI has, I think it is very very possible.
Yes, JB did make some statement to the effect that "most" of the funding will come from PPs, so it sounded like they might supplement with the Tangiers, etc. Also, from Elis list, it looked like more shares added than usual. That could just be expenses, but maybe the company is squirreling away at least a little money that way.
I got most of the way through Acme College of Brain Surgery and I'd like offer a 15% discount to all LBSR shareholders who might need work done under their dome. I'm pretty careful and it's been a couple months since I left a Junior Mint inside a patient's head. Meanwhile in my own dome zone, I am visualizing a couple private placement partners who go in with $25,000 or $50,000.
I have no ulterior motive for saying this, but think about keeping at least a small portion of your shares because of the science. This company may truly have a very powerful product. It may take months for the S/P to go up, but when it does, it may be much more than a double or triple bagger.
"Long term investment"
I think anyone who hangs on to at least some of their RCPI shares will be significantly rewarded in the mid- or long-term. The product may be that good.
I have a genuine question for you; not in any way meant to be hostile. Do you feel that LBSR's Hay Mountain has enough evidence to suggest that it MIGHT have a very large mineral deposit? Is it just the financing part of it that makes you less than a fan? Thanks.
Always value your opinion. Is the "mom and pop approach" necessary because none of the bigger players who might have looked at HM unequivocally refuse to sign the required CA, and that eliminates that option immediately? No judgment, but, smart or stubborn, LBSR is virtually removing that JV option from the if no mining company will agree to the CA.
My main reason, (perhaps obviously) to try and do a small PP would be those warrants. But a secondary reason for someone who believes this will actually happen is that they are each slightly increasing the chance that this will be become a reality and that drilling (and subsequent discovery of minerals, we hope.) would mostly likely increase the value of their current shares if it works. And yes, it is possible that they might be rescuing all their current shares from going to 0. I still believe LBSR "has the goods." (working geologist #2)
Yes, a lot of harm. It's hard to communicate on a cold, hard message board, but in addition to the two (mild to moderate) Alzheimer's patients my doc told me about who suffered almost immediate worsening, he's also mentioned a relative with Crohn's and a friend with old football injuries that searched online to buy Anatabloc until the supplies were gone. Maybe some good came out of that employee who stole the Anatabloc out of the warehouse last year! Never heard anything after that.
Luther: I'm in for a beer or two. Barring the drying up of funding or someone stumbling across some more powerful compound, I think it's very possible RCPI will get back up to above a buck and more. (I don't count any type of gene therapy as competition yet, but I am certainly no expert.)
I fully understand most of the new posters here are chartists, day traders and flippers and, as one other long-time poster noted earlier, "nothing wrong with that." However, it will be the science that sends this soaring someday. Not sure when. Hundreds of users of the (former) nutraceutical anatabloc who raved about it. Many tests which have shown excellent promise for a number of inflammation-related conditions from Crohn's disease to sinus problems to a particular thyroid problem. Even federal funding to look into whether anatabine can help Gulf War and Afghanistan vets. Ironically, some of the anecdotal evidence makes it sound too good to be true, but it may be that good. I have mentioned before that my doctor recommended this to quite a few friends and a handful of patients and most (he related to me) used words like "amazing." That included two patients with mild to moderate Alzheimer's, who, sadly, deteriorated rapidly when their Anatabloc supply was exhausted. That was confirmed by one patient's daughter who is a nurse. Sorry for repeating, I see some new names here. Hoping some people trade/flip for profit but also make a mid- to long-term gamble and put a few thousand shares aside for a very possible $4 one-year target price.
Thanks for contacting FINRA. I am doubtful RCPI will move up very much near term with no significant news. I wish for it greatly though. On the other hand, the powerful product, anatabine citrate, could mean a hundred bagger in the mid- or long-term. MAXIM may be a giant slippery ball of sleaze, but I do think their one-year target price of $4.00 is very, very doable.
So if I understand correctly, accredited investors aside for a moment, only 17 non-accredited investors would be enough to get drilling started. When I made the feeble attempt at group funding, I had folks here agree to non-binding/informal pledges of about $26,000, in $2000 increments. I know from the other board that at least one person who did not respond to my experiment has already said that he has invested. And I can think of a few people here who did not respond partly because of legitimate legal concerns, but who might be likely to throw in $3000. It seems that $50,000 is very attainable.
I second your "This is not a scam." I am not sure there will be a payoff in the next month, but with the right news, this could really pay many multiples down the road.
FACT: anatabine citrate has shown promise in human studies of Hashimoto's thyroiditis
FACT: Federal funding through the famous Roskamp Institute has been granted to study whether anatabine citrate can help veterans.
Sock some "Rock" away, there's a good chance you'll
Profit nicely from this powerful molecule.
--Shakespeare, I believe.
THE GOOD NEWS: RCPI was up a little bit today.
THE BAD NEWS: if and when this does get to 3,4, 5 cents, there might be millions of shares on the ask from those who bought lower and are flipping--AND from continued dirty tricks from MMs.
THE GOOD NEWS: RCPI's powerful product should eventually be the main factor here and I don't think a 30- 50- or 100-bagger is unreasonable. Could be weeks. Could be months. Could be a reason to tuck a few shares away.
Do you expect to hear back from your connection at the SEC?
Same to you and thanks to the veterans here. Not too much buying today, but a whole lot o' holdin' goin' on!
THE SCIENCE AT A PERSONAL LEVEL
My brother is a smoker with Crohn's disease. He has had doctors tell him something to the effect, "Well, at least the smoking is controlling the Crohn's." The reason: anatabine citrate.
My doctor is a very big advocate of anatabine and stocked up about a three-year supply when it looked like Anatabloc was going to be taken off the shelves. He says he has seen people with Crohn's quit smoking and have the Crohn's worsen almost immediately. No more anatabine intake? Sure sounds likely.
In 2004, Dr. Paul Ladenson of Johns Hopkins did a study of flight attendants and, long story short, found that their previous exposure to second-hand tobacco smoke on flights actually reduced the occurrence of Hashimoto's thyroiditis. This study is part of the reason former CEO Johnnie Williams developed Anatabloc, with synthetic anatabine citrate.
Thanks to you for that info and to Apostle for following up with the SEC and FINRA. I don't know much about naked shorting but did get in trouble once when I went into a local Schwab office with no clothes on and said I was interested in naked shorting. But I digress.
The last I saw, the human tests (on veterans) would start in 2018. I think they have some preliminary studies they'd have to do even though there seems to be a lot of evidence (British study, e.g) that anatabine is very safe with very minor or no side effects.
Thanks. I realize I am talking "in a dark room" to some very savvy, smart and sometimes cynical traders. But even those who feel compelled to sell and take a loss, or sell and make two or three times their investment, might consider saving/holding a few thousand shares and forgetting about them for a while. It could result in a much bigger gain later. Well, I think I will banish myself and put myself on "ignore" for the rest of the evening.
The science is your safety net.
The science is your safety net.
The science is your safety net.
( are you hypnotized yet?)
I have no ulterior motive here. But I wish you would listen to some of the other long-term posters here. Based on human clinical trials (Hashimoto's thyroiditis), some mouse studies (MS, for example) and a great deal of anecdotal evidence from people with Crohn's, psoriasis, sinus problems, chronic injuries, osteoarthritis and more, this company's product may be worth billions. Not pumping--any significant news MAY not happen for a matter of months. But if anyone can hold on to at least some of their shares, I think this could be 15-bagger or more. And once again, the federal government has funded studies to see if anatabine citrate can help veterans with Gulf War Illness. This company has a truly breakthrough product. But someone might have to hold onto the shares for more than ten minutes. At any rate, I wish everyone good luck here.
As you noted, it only takes one. Even if HM is 1/4 the size of Bingham Canyon rather than (possibly) larger, I think it will be more than worth all the "blather."
An observation: I am hardly a Maxim apologist. But I have checked the credentials of their two analysts for RCPI. Those include education and experience in areas like biochemistry. They have written a pretty good analysis of RCPI and anatabine citrate. I was impressed when I emailed them a while back to tell them about the federal government grant for research on whether anatabine can help veterans with Gulf War Illness. One of the analysts emailed me back asking where he could find that information.
There is a very good reason Maxim has set a one-year target price of $4. Unfortunately, right now their computers or algorithms or however they buy and sell care nothing for the science.
The science is your safety net!
This may be a short-term Ponzi scheme (no reflection on the company), but is it definitely not a scam. Take a look at the reputation of the CEO and of the Roskamp Institute. Look at the long list of doctors doing research on anatabine citrate. Look at the two famous dermatology docs who've become involved in the psoriasis studies. Check out the Dept. of Veterans Affairs website and see how federal funding has been granted to research whether anatabine can help with Gulf War Illness and possibly TBI. And who knows? The recent European patent for anatabine's use in autism might result in a partner just in that very specific market.
I am not a big Maxim fan. Neither do I claim to be an expert on penny stocks, which I never thought this would be. However, in the case of the five or six penny stock boards I've followed, and in a few cases invested in the stock, I get the impression that this toxic type of financing is a necessary evil. I do think that Maxim's one-year target price of $4 is realistic whatever their motives. The psoriasis studies might help this. Some type of better financing on their valuable Intellectual Property might make it happen even sooner. In the mean time, I feel like this is a temporary Ponzi scheme and Maxim is not helping that perception.
I believe JB believed everything he said. He is an optimist and is always working new possibilities. In the 2010 annual meeting (with only three attendees), JB spoke about talking to Native Americans about some type of cooperation at North Pipes. He had spoken to some of them and I believe they had approached him. As far as I know, nothing came of that and NP looks like it's on hold now. But this is just one example of how JB is always trying new directions and how many of them dead-end. That's part of the search. I don't know what is going on with the 10 mines, but, again, I believe at the time, JB was genuinely optimistic about the matter. And as I said before, because he has had a good rep for so long, confirmed by one of the geologists I got opinions from, I tend to give JB the benefit of the doubt.
Sorry to keep piggybacking on your posts on our two mutual boards, but I'd like to reiterate again* my personal feelings on the folks at LBSR. I find JB, Tracy and the young geologist Jay all to be very likable and very committed to their jobs. I spent a few hours with JB in a car driving to Tombstone touring the property, eating lunch in Tombstone ("bank robbery in 15 minutes!") and driving back. There is no doubt that the guy is passionate about geology; and I saw nothing to contradict what my one geologist connection said about JB being a stand-up guy. And no I am not JB, just to get that old joke out of the way.
*"reiterate again" is probably bad word use, but since I am re-reiterating, I will leave it/
Maxim and its ilk are probably full of sociopaths, IMO. However, Maxim's one-year price target is very realistic when you see the science behind anatabine citrate. I realize fully that most of the people here will be dust in the wind on this board long before that.
Right on, Leif. Trading and flipping this is fine. But someone buying and holding until actual news comes out related to what is truly a breakthrough product could mean much bigger profits. I am the first to admit it could be a few months.
FACTOID: In addition to promising results on psoriasis trials that should come out in the next five or six months, the company (along with the Roskamp Institute) has receiver federal government funding to see if anatabine citrate can help veterans with Gulf War Illness. I believe, though, that actual trials with those veterans would not start until 2018.
My doctor told me about this product more than three years ago. As it turns out, it was a total disaster as an investment if one bought back then. But the compound is still amazing. My doc recommended it to patients and friends including a relative with Crohn's disease and two patients with mild to moderate Alzheimer's--all with significant results. When the nutraceutical was taken off the market, the relative with Crohn's got worse almost right away, a friend with many old football injuries was buying it on websites until those supplies were exhausted, and the nurse daughter of one of the two Alzheimer's patients confirmed that her parent experienced an almost immediate deterioration. I hope all the traders make money. But if you get stuck with some shares just forget about them for a few months. Good luck either way. (My doc stocked up on the nutraceutical and takes it to this day.)
I am going to visualize that drilling will have begun by the time the Bills play the Giants on August 20th...and what the hey...I will also visualize that I will be watching said game with three Sports Illustrated swim suit models.