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"That site should be shut down."
Maybe it should but almost certainly it can't. The only recourse is for the SEC to issue a suspension and/or shareholders to file a complaint against the Company.
None of the Scientific Advisors that are listed on the website were mentioned in the last published 10Q or 10K. Neither is the phrase "Scientific Advisor", nor are any of the share issuances identified as going to any of them.
So I don't know if they're "there".
http://www.ipharminc.com/stock-information
http://www.ipharminc.com/board-of-directors
"The Board size will be within the limits prescribed by Company’s Bylaws, which currently provide that the Board may have no fewer than two (2) and no more than fifteen (15) members. "
https://static1.squarespace.com/static/5715352e20c647639137f992/t/59885f8137c5815a822a2313/1502109570080/IPIX+-+Corporate+Governance+Guidelines.pdf
A little more evidence on the docket to suggest that they could seriously intend to pursue an appeal:
https://www.masscourts.org/eservices/searchresults.page?x=0eoUH5jp4xN7EMu4z9S7mmSxq1wtuO7tgPGIyhKIzGNaGz9kUlSFYwrUrugF3KoqXP8cxNgAcOR-jEOMrHBck1bGUzyZA1ZOyth85zWaLukFPa*3wHYDgk4BKHc0QfSFRVGcehtueGI4SAJ2G*PqFDBiqVQOxHgDyFKAjoORxXFSjYlJ6QLfhHwfcGH1si3-BBrC2W-TuQykVZhBix*3ow&antiCache=1710767586647
I'm still of the understanding that IPIX would need to provide some security in the amount of the judgment...a bond or cash...prior to actually filing an appeal.
"Anyone know the timeline for trading suspension if IPIX remains non-compliant with filings?"
Only because you're asking:
https://www.investor.gov/introduction-investing/general-resources/news-alerts/alerts-bulletins/investor-bulletins/investor-5
"The SEC may suspend trading in a stock when the Commission is of the opinion that a suspension is required to protect investors and the public interest. Circumstances that might lead the Commission to suspend trading include:
A lack of current, accurate, or adequate information about the company, for example, when a company is not current in its filings of periodic reports;
Questions about the accuracy of publicly available information, including in company press releases and reports, about the company’s current operational status, financial condition, or business transactions;
Questions about trading in the stock, including trading by insiders, potential market manipulation, and the ability to clear and settle transactions in the stock."
There is no clock ("timeline") for the issuance of a suspension.
History shows that suspensions are issued more slowly for a simple failure to file (a lack of public information) than they are for concerns about questions about information that HAS been published. The former requires a hearing with the filer given an opportunity to explain and correct the lateness while the latter typically results from an investigation.
https://www.sec.gov/files/litigation/suspensions/2023/34-98921.pdf
Less than 30 seconds.
Your decision to invest in IPIX became my business when you decided to call me a Bozo. Being an investor in IPIX may feel to you like a vaunted position.....it's not.
I'm a bozo?
"I just added 10,000 shares in the past 10 minutes in two 5000 share blocks. Get them cheap while you can! I am holding for the long-term."
MG.....10/18/16.....closing price $1.25
I expect that I could find better examples (or worse depending on one's perspective) but that was your second post here and it popped right out. A month earlier you had said to somebody called runninggirl2016....
"Incredible prospects for a super cheap stock! I am adding."
I may indeed be a bozo but this is one mistake that I didn't make. And if I had made it you can be sure that I would have unmade it a long time ago.
Those 10,000 shares you bought in 2016 for $12,500 are now worth about $125.
You couldn't be more wrong.
Hijacker DB Cooper
Aviation pioneer Amelia Earhart
Union leader Jimmy Hoffa
IPIX CEO Leo Ehrlich
Where are they now?
Do either of you guys know what "fully diluted basis" means? If you did you would know why it's not the appropriate standard of measurement for the current ownership percentage.
TheHound has provided a good answer. Instead of repeating unsourced message board information it's always best to look to the latest Company filings for data related to material agreements.
Unfortunately TH was forced to link an outdated 10Q because, as you know, the latest 10Q wasn't filed. Can we assume there have been no changes in that ownership percentage in the last 6 months?
There are 2 other problems with trying to get that basic information:
1. On January 9th of last year Innovation Pharmaceuticals Announced that BT BeaMedical Technologies and Shina Systems Ltd. Entered into a Definitive Strategic Development Agreement without providing any of the terms of that agreement. The PR said the general purpose was "in order to build on unique capabilities of Shina and accelerate the development, regulatory clearance, and commercial deployment of BeaMed’s StingRay Laser System for brain surgery".
Was Shina paid in cash for their participation? There's no sign of that in the IPIX filings. Or did they receive some equity in BMed that would have diluted the percentage of IPIX ownership? Or potential future sharing of BMed IP ownership or revenues. Again, the IPIX filings since 1/29/23 don't make it clear....they don't mention the BMed/Shina financial arrangement at all.
2. IPIX itself has acknowledged that there are not adequate controls in place to assure the reliability of the BMed financials. Obviously they would have to be reliable in order to determine the true ownership that IPIX has in BMed.
Do you think the BMed deal with IPIX accounted in any way for the disappearance of the IPIX CEO?
"I didn't realize IPIX owns approx. 42% of the laser company, BeaMed Technologies, LTD. "
It doesn't.
"And the FDA has given BeaMed clearance to market their device: "
What device is that?
The short interest report for the 2/29 settlement date is due to be published today. Does anyone know whether that report is published at a specific time and, if so, what time that is?
As I said the last time you raised the issue I believe there's something funky about the data:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174004885
The newest report (for settlement date 2/29) is scheduled for publication today.
This is the source for the OTCMarkets information:
https://otce.finra.org/otce/equityShortInterest
BTW, if the short interest did go down dramatically it could be based on covering by people who were concerned that the stock might be suspended, in which case they wouldn't be able to cover.
OR they might have felt that there was negligible profit left in the position. For example if there were 1,000,000 shares in short positions it would require a grand total of $10K to cover the whole thing. Obviously any reduction in share price from there would reduce the potential gain accordingly. Hard to wring blood from that stone.
But let's wait and see what today's report shows. In any case there's no real money in the issue.
Whether I want to see the company succeed or not isn't going to affect its success and it hasn't affected its lack of success to date.
Your taunts won't affect its prospects either.
"I don't know if you've looked around rhe OTC lately,"
This stock's price doesn't track with the OTC. It tracks with this Company's operational performance.
I had seen that before and wondered if you had. So a laser surgery fiber is as critical to a laser surgery unit as a coffee filter is to a coffee machine. And the BeaMed fibers are identical to those already in existence.
Do I have that right?
If so, what kind of market size do you expect for this "new" product?
"Trade/Device Name: BeaMed Laser Surgery Fibers"
Do you know what Laser Surgery Fibers are? Does Mack know? How about leavethe?
Isn't that something you should know before you get all stimulated over an approval to market them?
Is talking about a CEO who has gone silent after failing to file not only a required 10-Q but the required Lateness Notification nitpicking?
Is discussing a judgment against a Company for an amount in excess of its liquid assets nitpicking?
Your problem isn't with me.
No wonder LE is in hiding. His stalwart supporters are here saying stuff like....
"the momo building here" on a day after the price went down and did so on less than $20K worth of trading.
"no trips or otherwise share value below .001$"
Dollar sign follows the price now?
And as weak as the share price been it has never been below $.001. That said, tomorrow's another day.
If this CEO was at all confident that the ray gun guys were going to save the day he wouldn't be ghosting his shareholders.
Some of this Company's supporters are doing more damage to it than its detractors ever could. Real investors see your comments and want no part of it.
No filings. No CEO. And soon even those with hope will be gone.
o_g. Are you going to the court website to get your updates or do you have an alert system that you can share here?
It's great that you are so on top of this stuff but I'd like to be, too.
Anything's better than having to wait for the CEO, who as you know has remained mum for some time, so please continue with the board updates.
It was confusing. Maybe there's some rule that requires that the trial witness and exhibit lists are posted with or after the judgment is entered. Maybe it's because there could be additions to those lists up until the time of judgment.
Some system. Took almost 4 years to conduct a very short bench trial.
That's not a witness list for the appeal...it's the original trial witness list.
JMuneducatedO:
The appeal is not a retrial. IPIX has to provide a basis for their appeal and argue it using the facts established in the original trial.
It remains to be seen what they base their appeal on. They may not even have a plan for it. The notice of appeal they filed just serves to avoid running out the 30 day clock that started with the judgment entered on 3/7.
Should've read the following before I wrote the above but it seems consistent with it:
The right to an appeal
If you believe a final decision of a trial court or State administrative agency is legally wrong, you may have a right to appeal the decision. (There is also a right to appeal some types of orders that are not final, called interlocutory orders.).
An appeal is very different from proceedings before a trial court or administrative agency. For an appeal:
You must make all your arguments in writing.
You cannot present witnesses.
You cannot present new evidence.
You usually cannot make new arguments on appeal.
The appellate court will look only at the record that was before the lower court or agency. For an appeal from an agency, the record is the administrative record prepared by the agency. For an appeal from a trial court, the record consists of the papers that were filed with the trial court, exhibits admitted at trial, and the trial transcript.
In almost all cases, the appellate court only considers two things:
whether a legal mistake was made in the trial court; and
whether this mistake changed the final decision (called the "judgment") in the case.
If you disagree strongly with the judge's factual findings, that is not a valid basis for an appeal.
An appellate court will not overturn any factual findings by a judge unless there was no evidence before the court that supported the finding or if the evidence against that finding was so overwhelming that no rational person could make that finding. The appellate court can only reverse the trial court's decision if it finds a legal mistake in the trial court proceedings, or a clearly erroneous finding, that was so important that it changed at least part of the outcome of the case. Because of this heavy burden on the appellant to prove this type of mistake, it is quite difficult to win an appeal.
https://www.mass.gov/guides/requirements-for-starting-an-appeal-in-each-trial-court-department#-appealing-civil-cases-from-superior-court-
Something's funky about the last few reporting periods. For starters, one is missing.
Dollar Volume $23,161 on 74 trades = $312.99/trade
"Ipix model Regeneron required 18 years to find a development partner and 20 years to reach a first USD FDA approval. The first 10 Regeneron years included wrong decisions and clinical trial failure."
And in 28 years they made 800 SEC filings without having to file a single lateness notification. Their CEO/founder, who is an MD that has surrounded himself with real medical professionals, still signs their filings certifying the latest 10-K that was filed a month ago.
It's safe to say that Leonard S. Schleifer, M.D., Ph.D. President and Chief Executive Officer of Regeneron has never ghosted that company's shareholders.
Where is that hero of yours?
That's not a serious question.
The latest news from this Company can be seen here:
https://www.sec.gov/Archives/edgar/data/1355250/000147793224000494/ipix_8k.htm
It says that the Company's 2 independent directors resigned and the Company lost a lawsuit, resulting in a judgment for well in excess of its available cash and about which it was indicated that "The Company intends to appeal the decision". It has been suggested that the appeal of a judgment must be filed within 30 days of the judgment...today is day 47. It has also been suggested that the dollar amount of the judgment must be put in escrow or otherwise bonded at the time of the appeal filing.
Here's a really serious question.
What should a reasonable investor do when their Company CEO, when faced with the above, elects to ghost the Company shareholders rather than provide them an update as to whether "The Company intends to appeal the decision"?
Date Close Change Change (%) Open High Low Volume
Mar 04 2024 0.011 0.00174 18.79% 0.0092 0.01304 0.0089 1,700,830
Mar 01 2024 0.00926 0.00226 32.28% 0.0075 0.00962 0.0075 1,350,625
Feb 29 2024 0.007 0.00015 2.19% 0.00715 0.0082 0.0066 283,425
Feb 28 2024 0.00685 -0.00075 -9.87% 0.0063 0.008 0.0063 559,331
Feb 27 2024 0.0076 -0.00025 -3.18% 0.00725 0.0076 0.00725 64,950
"Continuing to rise on higher than average volume... "?
Takes a sharp eye to spot a 2 day trend.
"What's the next news coming and when?"
Who knows? Maybe it's a Form 15 filing freeing this CEO from the need to make filings that he wasn't making anyway. Would that be seen as good news by people who don't like news or bad news by people who do? Any chance the Company auditors didn't like the review of the 10-Q presented by LE and that accounts for the lack of a filing?
The next news coming should be either the overdue 10-Q or an explanation for its absence. That's what a responsible company would be providing.
What was the pending news that triggered this feeding frenzy just 6 weeks ago?
Jan 17 2024 0.0145 0.00175 13.73% 0.0128 0.0149 0.0091 3,950,780
Jan 16 2024 0.01275 0.00275 27.50% 0.0159 0.0177 0.0086 5,555,910
Jan 12 2024 0.01 0.00305 43.88% 0.007 0.0132 0.007 4,004,095
Jan 11 2024 0.00695 0.00025 3.73% 0.0067 0.0071 0.0067 1,076,082
Jan 10 2024 0.0067 0.001 17.54% 0.0056 0.007 0.0056 919,407
Jan 09 2024 0.0057 -0.00074 -11.49% 0.0056 0.0064 0.0056 544,288
The statistics clearly indicated that the chances of dying from covid were much higher in the population that didn't get vaccinated and those sample sizes were in the multi-millions.
My story, sample size of one, isn't evidence of anything but in case anyone finds it interesting:
I had two vaccinations and I believe it was 3 boosters (elected to take all the boosters as they became available) with a flu shot at the same time as the last booster (in late November).
On the night before Christmas I had a nasty headache that kept me awake all night along with a fever so I went to the ER in the morning. No sense of smell or taste buds. Diagnosis: CoVid AND the flu. Gave me a shot of something for the headache.
ER Doctor suggested that I could either ride it out on bed rest at home or take the paxlovid route and I chose the former.
Felt like crap for a week, coughing and sputtering, and the smell/taste problem lingered for a month. Still a little weak with the occasional cough.
I'd like to think that the vaccination routine mitigated my symptoms which, at 76, were obviously a concern. While I felt seriously lousy I never had a "come into the light" moment.
As I said we don't learn much from one example but the simple fact is that a shitload of people died and the vast majority of them (by far) weren't vaccinated. They can't tell you their stories.
I'm pretty sure we isn't. In fact I think we be on different continents.
"if Ehrlich had not erased all the press releases from his cobwebbedsite"
That showed his true colors. It was the last blatant example of a failure to act in the interest of investors prior to the recent failure to file a simple Lateness Notification. Both were extraordinary red flags.
Bullshit.
Of course I have a portfolio and I'll share it. The components have 3 things in common....they're all profitable companies that pay a dividend (as shown, along with latest ex-dividend and pay dates) and they don't have any messages from me on their Ihub boards. There have been less than 5 changes in the list in the last decade or so....none in the last 3 years....and the list includes only one real regret.
MO
40.70 9.58% Dec 20, 2023 Jan 09, 2024
MMM
91.55 6.56% Feb 15, 2024 Mar 11, 2024
EMR
108.00 1.97% Feb 15, 2024 Mar 10, 2024
HD
381.99 2.36% Mar 06, 2024 Mar 20, 2024
JNJ
161.66 2.95% Feb 16, 2024 Mar 04, 2024
KMB
122.00 4.03% Mar 07, 2024 Apr 01, 2024
MCD
290.95 2.29% Feb 29, 2024 Mar 14, 2024
MDT
82.79 3.31% Dec 19, 2023 Jan 11, 2024
PM
89.04 5.78% Dec 20, 2023 Jan 09, 2024
WBA
21.07 4.70% Feb 16, 2024 Mar 11, 2024
I showed you mine, now.......
Anyone?
You seem to have caught whatever bug has infested these pages that leads people to embrace dopey theories. It has been addressed:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172554928
"Keep up the good work LR, its bound to pay off some day."
You can be sure that I will and it already has. I've avoided all the losses that others have collected. You?
Are you still holding any of that Plastic2Oil stuff that you pumped for 8 years until it died? Do you really think IPIX shares are worth twice what those honeys still go for?
At least that CEO played by the rules and filed a Form 15 when it was obvious his company was going nowhere. What do you think of a CEO who just ghosts his shareholders as this one has?
IPIX
Innovation Pharmaceuticals Inc (PK)
0.0076
-0.00025 (-3.18%)
Volume: 64,950
Day Range: 0.00725 - 0.0076
Bid: 0.005
Ask: 0.0177
Last Trade Time: 3:23:53 PM EST
Total Trades: 4
Dollar Volume: $479
https://www.amazon.com/Creuset-Enameled-Cast-Iron-2-Quart-French/dp/B0CJ7DY8DJ/ref=sr_1_63?crid=3DE7B6GBSXR57&dib=eyJ2IjoiMSJ9.WL0oK-4Dpz_0yviat4iBlEGl1DUZRhXrqmKUooknV-qvB4ulKJxqASkRWTvE5-qU7CjTK_VWDtrWP_n3-aawAdSd5HuaU1dNWkKjqJ3wtAvYFiCqQMFH9_TYEp-mufmN6SRNptTrOIykpA2WOqGtabNUDSpBTNVF4oTBxRuD83NGIyM_6e_1uA3G8Q0PHWgS_xF7naeK0bio8c-DZRxFdzEV40mC778BrZlD_aoSbH1egLGTalxSZMbw8HZCG1C09ZcjjHETD4xXQmkpLofh8nUlRASsfJj7vkHJAvZ7Yfo.OYGV-5GXcWgv7vAtkDaT0O5ExSYC34936YU5bxQ8S3M&dib_tag=se&keywords=le+creuset&qid=1709085265&sprefix=le+creuset%2Caps%2C98&sr=8-63&ufe=app_do%3Aamzn1.fos.ac2169a1-b668-44b9-8bd0-5ec63b24bcb5
Only 10 left in stock - order soon.
"yet another application for Brilacidin"
Another one? In addition to? What makes you think so?
It doesn't seems to be mentioned at the link or at the study referenced in that link.
Did I miss it?
I see. The only mention of brilacidin that I ever saw on their website was the July 2019 press release. If they ever provided any updates of their own related to brilacidin development (or so much as mentioned the project) I never saw them.
Maybe I'm looking at the wrong website...you continue to refer to the AF website. Maybe if you could provide a link to the "5 IBS- related entries" page(s) I could better understand what you are talking about.
edit: Is this what you're talking about?
https://www.alfasigma.com/research-innovation/
I don't know what you mean by this: "IPIX does not appear in the 5, IBS-related research areas as of this week."
"I am still unsure why there has been no explanation (that I could find) for the disappearance or simple loss of interest in IPIX."
You mean the loss of interest in brilacidin, right? Isn't it reasonable to assume that they couldn't foresee a profitable use for it? It seems they have a significant investment in gastrointestinal treatments already so perhaps they decided to avoid cannibalizing those efforts.
I suspect that If their tests showed promise they wouldn't have dropped the ball.
E)None of the above.
"I thought Alfasigma dropped this? "
They did. The source (https://www.pharmaceutical-technology.com/) is junk and I've said so before.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=170636848&txt2find=www.pharmaceutical