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Here is a translation to English from link to article that Sheff posted about KTOV CEO fraud.
CEO Kitov investigated Securities Authority; The suspicion: The company issued misleading reports about the drug trial
Isaac Israel released under restrictive conditions; Another suspected examined: the inclusion of misleading information in a prospectus ahead of IPO on NASDAQ; apologists: "It seems that no request anything because there was nothing"
Tomer Gannon 22: 3906.02.17
Tags: Isaac Israel Kitov ISA Parma
CEO of Biomed Kitov Parma, Isaac Israel, was detained and questioned today (Monday) Securities Authority under caution on suspicion of fraud and reporting. Magistrate Tel Aviv, Shlomit Ben-Itzhak, released the same evening restrictive conditions, including an exit delay and bail of 400 thousand dollars.
Let's catch up and respond to Facebook's Kalkalist
To request the release of restrictive conditions submitted to the court, optimizing Pharma traded on the TASE and as of November 2015 is also traded on the Nasdaq. The company is engaged in the research and development of drugs through a subsidiary named Kitov Pharmaceuticals. The company's flagship drug (KIT-302) for the treatment of pain and reduction in blood pressure arthritis.
Israel Yitzhak Yitzhak Israel Photo: Dror Reich
According to the suspicions of authority, from December 2015 until March 2016 included Kitov misstatements immediate and periodic reports, concerning the conclusions of an external committee appointed to examine the results of the experiment conducted by the drug. More suspicion that Israel acted during July 2016 to issue securities of the Company on the NASDAQ with the inclusion of misleading information in the prospectus.
Israel Yitzhak Yitzhak Israel Photo: Dror Reich
According to the findings of the investigation, in -24.9.15 Kitov reported that the subjects raised towards the completion of Phase 3 clinical trial of the drug company, which stated its flagship product, the Board appointed a committee independent external examination of experimental results and their analysis. According to the report, the Committee included, inter alia, medical professional, and her mind from the statistics.
It is suspected that during the relevant period, the Company published a financial report for 2015, as well as a number of immediate reports, including the Company's operations Nasdaq IPO in July, 2016, which included misleading information regarding the conclusions of the independent external committee appointed to examine the results of the experiment - all this with the knowledge of Israel.
As noted, Israel detained and questioned under caution today around noon local authority offices in Tel Aviv on suspicions of including misleading information in the prospectus and in the financial, securities scam, fraud under aggravating circumstances, fraud and breach of trust.
During the hearing, the release under restrictive conditions, denied Israel's apologists, attorney glamorous Wanda Moran Bickel, the allegations, arguing that "it seems that no request anything because there was nothing".
Thanks ash again for fantastic DD on PIOI! Hoping for exciting days ahead starting tomorrow!
Saw this news also on PIOI. Great excitement for tomorrow. Go PIOI!
Hey ash I would be thrilled with $1 but $2 would be really amazing! It appears all of our patience here could finally be paying off soon and I am also very excited about tomorrow. Go PIOI!
XTNT New Updated Article Today on XTNT from Leny at Seeking Alpha
http://seekingalpha.com/instablog/44479986-leny-hettmansperger/4955477-xtnt-35c-might-significant-long-term-winner-new-ceo-company-projects-9m-ebitda-2017
XTNT New Updated Article Today on XTNT from Leny at Seeking Alpha
http://seekingalpha.com/instablog/44479986-leny-hettmansperger/4955477-xtnt-35c-might-significant-long-term-winner-new-ceo-company-projects-9m-ebitda-2017
XTNT New Updated Article Today on XTNT from Leny At Seeking Alpha
http://seekingalpha.com/instablog/44479986-leny-hettmansperger/4955477-xtnt-35c-might-significant-long-term-winner-new-ceo-company-projects-9m-ebitda-2017
XTNT Response Back From Leny at Seeking Alpha Also see new updated article on XTNT at link on the bottom that Leny posted today on his Seeking Alpha Blog site.
18624442
January 31 at 8:33pm Just noticed from someone's post that you took down the addition to your XTNT article about the CEO resignation. I am new to your blog and have noticed you have removed other old articles but only this one was very recent. Just curious if you have changed your opinion on XTNT or why this one was taken down so soon.
Leny Hettmansperger
February 1 at 1:24am No, I have not changed my opinion, I just have it in editing mode and I've been too busy with my regular job to finish it and re-publish it.
18624442
February 1 at 7:45am OK Thanks and I just saw your updated article on Seeking Alpha today.
http://seekingalpha.com/instablog/44479986-leny-hettmansperger/4955477-xtnt-35c-might-significant-long-term-winner-new-ceo-company-projects-9m-ebitda-2017
XTNT UPDATE Just noticed from a post on Stocktwits that my upper link from the Seeking Alpha articles was taken off the authors blog site but the lower one is still there. I noticed that some older links have been removed but this was the only recent one. You can email the author which I did to find out why or if his opinion on XTNT has changed. If he responds back to me then I will post his awnser back on here. Here is the thread from Stocktwits for you to see.
https://stocktwits.com/message/73216602
Here are the 2 article links from Seeking Alpha and the upper link was taken off of the author's blog site but the lower link is still there.
http://seekingalpha.com/instablog/44479986-leny-hettmansperger/4952733-xtnt-34c-ceo-resigns-leaving-behind-stronger-company-significant-upside-potential
http://seekingalpha.com/instablog/44479986-leny-hettmansperger/4951530-mict-1_3-plx-48c-mstx-13c-wstl-60c-xtnt-35c-smtx-undervalued-stocks-significant-positive?v=1484839981&commenter=1
I am still in here. I posted this information from Seeking Alpha on XTNT recently in case you did not see it below.
XTNT Updated information to Seeking Alpha article regarding the CEO resignation links below.
http://seekingalpha.com/instablog/44479986-leny-hettmansperger/4952733-xtnt-34c-ceo-resigns-leaving-behind-stronger-company-significant-upside-potential
http://seekingalpha.com/instablog/44479986-leny-hettmansperger/4951530-mict-1_3-plx-48c-mstx-13c-wstl-60c-xtnt-35c-smtx-undervalued-stocks-significant-positive?v=1484839981&commenter=1
XTNT at least $2 by end of 2017? They have higher projections then that but with all their new products and increasing revenues it seems that at least $2 could be very possible and also a great financial return. The last CEO was overspending on marketing for sure so maybe a new CEO or the current replacement will make these necessary adjustments so this should be a positive. I am planning to hold this long term and other opinions are very welcome on XTNT.
KTOV only paid $2 million and some shares for the new drug acquisition so they could sell everything still for a little bit more. Time will tell and maybe we will get another update after a hopeful NDA acceptance by no later than the end of March 2017 the end of 1st q 2017.
Correction with actual total shares being just under 16,000,000 for KTOV including warrants and additional shares issued to the new acquisition company a 200,000,000 buyout price would give us about a $12.50 share price and a 100,000,000 buyout price would give us about a $6.25 share price. The big question on KTOV is do they plan to just sell Kit-302 to finance their new drug acquisition without being bought out. They only paid 2 million and some shares to the new company acquisition but they could still include the new acquisition with Kit-302 to sell everything for a little more.
I heard later on IHUB KTOV was just under 16000000 total shares counting warrants and shares issued in the new acquisition.
I heard later just under 16000000 total shares after warrants and shares given for the new acquisition.
Someone on KTOV IHUB says there are actually 16,000,000 shares with warrants. On Scottrade it says there are 8,230,000 shares outstanding so with 7,770,000 warrant shares would take us to 16,000,000. This would change the numbers I gave but are these the correct warrant numbers?
Someone on KTOV IHUB says there are actually 16,000,000 shares with warrants. On Scottrade it says there are 8,230,000 shares outstanding so with 7,770,000 warrant shares would take us to 16,000,000. Ash does this sound correct. This would change the numbers I gave.
Someone on KTOV IHUB says there are actually 16,000,000 shares with warrants. On Scottrade it says there are 8,230,000 shares outstanding so with 7,770,000 warrant shares would take us to 16,000,000. Ash does this sound correct. This would change the numbers I gave.
Sorry on the warrants but they show 8,230,000 shares outstanding so there are 7,770,000 warrant shares to make 16,000,000?
I saw today on Scottrade that market cap was 25 million at 2.98 a share so at 200 million it would be 8 times 2.98 or 23.84.
KTOV If KTOV gets bought out at 200 million share price will be $23.84 and warrants 23.84-3.40 would be worth $20.44. 100 million would be $11.92 share price and warrants 11.92-3.40 would be worth $8.52. Wow!!!!!!!
This is based on 25 million market cap on today's closing price.
KTOV If KTOV gets bought out at 200 million share price will be $23.84 and warrants 23.84-3.40 would be worth $20.44. 100 million would be $11.92 share price and warrants 11.92-3.40 would be worth $8.52. Wow!!!!!!!
This is based on 25 million market cap on today's closing price.
If KTOV gets bought out at 200 million share price will be $23.84 and warrants 23.84-3.40 would be worth $20.44. 100 million would be $11.92 share price and warrants 11.92-3.40 would be worth $8.52. Wow!!!!!!!
Glad I added at .39. A little lower add would have been better but hard to time it perfectly. Long term risk reward here is excellent.
Thanks ash I decided to add to my position at 39 cents yesterday to get my average to 55 cents on XTNT. The author of the article on Seeking Alpha also averaged down yesterday that he mentioned on one of the 2 links I sent. I also saw on Sheff's board yesterday in response to someone on the Seeking Alpha article that Sheff plans to further examine XTNT.
XTNT Updated information to Seeking Alpha article regarding the CEO resignation links below.
http://seekingalpha.com/instablog/44479986-leny-hettmansperger/4952733-xtnt-34c-ceo-resigns-leaving-behind-stronger-company-significant-upside-potential
http://seekingalpha.com/instablog/44479986-leny-hettmansperger/4951530-mict-1_3-plx-48c-mstx-13c-wstl-60c-xtnt-35c-smtx-undervalued-stocks-significant-positive?v=1484839981&commenter=1
XTNT Updated information to Seeking Alpha article regarding the CEO resignation links below.
http://seekingalpha.com/instablog/44479986-leny-hettmansperger/4952733-xtnt-34c-ceo-resigns-leaving-behind-stronger-company-significant-upside-potential
http://seekingalpha.com/instablog/44479986-leny-hettmansperger/4951530-mict-1_3-plx-48c-mstx-13c-wstl-60c-xtnt-35c-smtx-undervalued-stocks-significant-positive?v=1484839981&commenter=1
XTNT Updated information to Seeking Alpha article regarding the CEO resignation links below.
http://seekingalpha.com/instablog/44479986-leny-hettmansperger/4952733-xtnt-34c-ceo-resigns-leaving-behind-stronger-company-significant-upside-potential
http://seekingalpha.com/instablog/44479986-leny-hettmansperger/4951530-mict-1_3-plx-48c-mstx-13c-wstl-60c-xtnt-35c-smtx-undervalued-stocks-significant-positive?v=1484839981&commenter=1
XTNT Bullish new article on XTNT at Seeking Alpha link below
http://seekingalpha.com/instablog/44479986-leny-hettmansperger/4952363-xtnt-43c-low-floater-huge-upside-potential-four-analysts-3_13-share-price-target-buy-rating
Bullish new article on XTNT at Seeking Alpha link below
http://seekingalpha.com/instablog/44479986-leny-hettmansperger/4952363-xtnt-43c-low-floater-huge-upside-potential-four-analysts-3_13-share-price-target-buy-rating
Here is 8K SEC filing on XTNT that was released today. Comments welcome on what this means for XTNT shareholders.
https://www.sec.gov/Archives/edgar/data/1453593/000114420417003181/v457197_8k.htm
ash here is the link to 8k that was released today.
https://www.sec.gov/Archives/edgar/data/1453593/000114420417003181/v457197_8k.htm
OK Thanks
OK Thanks and I agree also.
Just curious ash and kei are you still in XTNT? Maybe price down to .49 from overreaction to recent offering etc. Still a good risk and reward for long term however.
Great to know that Baker Brothers are in ADHD.
Hi ash I added more today at .66 and .67 on XTNT. Surprised it pulled back so I thought I had to go for it since it is still a bargain price. Thanks for all your great DD.
Yes XTNT is looking excellent. Great pick ash! Disappointed EGLT did not get all 3 labels but I picked a great day to buy XTNT and I also like ZSAN and ADHD.
Bought in XTNT ZSAN ADHD today