Primarily big board stocks, long positions. Playing with some penny stocks to keep things fun.
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I would feel fairly safe in saying there is no possible way this would be in that range by October. If you are looking at Oct 2011 calls at a 2.50 strike + premium you need to see $3 or more to really be worthwhile - and in 7 weeks....I would say no way. Of course, they could always announce that someone was buying them in which case all bets are off. You would probably have a better shot at paying the $1.50 premium on the 2.50 puts and bet that it will be under a $1 in 7 weeks in my opinion.
Keep in mind that I have been in and out of ANX a number of times. I typically get in right after the bad news (rarely been any other kind with ANX) in a long position and sell right before/after expected news breaks.
The next "expected" news events for ANX in my opinion are:
1) Meeting with FDA and their decision (< 90 days, not likely positive)
2) 514 NDA submission (90 days -1 year)
3) 514 NDA acceptance for filing (60 days after filing)
4) 514 acceptance (10 months after accepted for filing)
5) 530 NDA re-submission (2+ years)
6) 530 NDA acceptance (60 days later)
7) 530 Drug Approval (10 months after NDA)
8) 188 NDA/Approval (2-4 years out)
Long term, if ANX can continue to operate, which WILL require fund raising, they have a high probability of being a $15+ stock. Damn good returns on a 3-4 year investment at these prices, but highly speculative.
Between now and the above events the only movers for the price will be the occasional P&D style promoter, a buyout or some completely unexpected event like a new acquisition, CEO change, Buffet buying a few million shares....
Maybe I am completely understanding what was sent out (I do not subscribe) but if I read the original post right, they sent out something claiming that the FDA was scheduled to come out with a ruling on the AN-530 drug approval/rejection the firs week of September - which was the original schedule - but the FDA came back a few weeks early with a rejection already. It sounded like StockTwiter sent out the email a couple weeks AFTER the rejection as if it had not yet come out yet.
If I am mistaken in this and misunderstood the original email, my apologies to the poster and to StockTwiter.
Wow...so the ANX board has gone to the black helicopter folks now...huh.
There is no grand conspiracy.
The 530 NDA was rejected initially because ANX did not have 12 months of stability data from the same manufacturer as the FDA required. Ole Brian came out and said "Oh, poor us, the FDA changed the rules in the middle of the game..." Funny, NOT A SINGLE OTHER DRUG COMPANY WAS REJECTED FOR THIS REASON. If the FDA had a rule on the book that they had just started to follow, or changed a rule, it would have impacted every NDA submission in that time frame. It did not. Now the actual drug was rejected because of lack of adequate protocol controls. Again, unique to ANX. I think Pfizer may have some past experience in this area and are not prone to newbie mistakes. I am NOT saying Pfizer has not made mistakes in the past or that they are not looking to get rich (aren't we all?) but to say that Pfizer won an approval and ANX didn't and therefore it is a massive conspiracy is....well...just comical.
Let's look at the ANX model. Last I checked they had like what - 2 actual employees and the directors/board? Everyone else is a contractor. ANX claims that they can hire specific skill sets on an as needed basis and save money using this model. It is actually fairly common and *can* work - if they hire the right consultants. Sounds to me that they have been hiring the cheapest consultants though that lack the attention to detail that is required. The blame lies squarely with Culley on this.
SO let's point fingers at those who deserve them...not come up with wild ideas that the world is out to get us.
See...I told you. They already have had some poor fool piss away $2K today on something that will never pop at the incredible dilution levels and most likely will become worth far less if/when a reverse split is enacted. No sympathy what so ever though...but at least he helped some bagholder get back something...or lined JRB's pockets a little for his Christmas trip.
I wonder why they got it wrong then...something like an FDA acceptance/approval isnt exactly a secret...it's on this forum and all over the net and on the company IR website section. Odd.
Good to hear. Ya, those Twitter robots are pre-programmed in advance and rarely updated....I would be careful ever trading on their advice. Very few "real" traders on Twitter once you eliminate robots and P&D scammers.
Jeff has 9 other domains...not unusual and may be for personal use...who knows. It is also possible that IDCN is about to have a reverse split and reverse merger into one of his other personally owned corporations registered who knows where so he can have a whole new name and start his decade of decadance all over again with the dark spectre of IDCN hanging over his head.
HAHAHAHA.... Please tell me you are not invested in this and not aware that the FDA descision came back early and was rejected.
HA! There are always fresh new pinkie newbies for the predators on this forum to go after and convince that IDCN has a real gold mining business, partners with GE, whatever. Don't kid yourself. The CEO, "former" IR and a few regulars here are waiting for a few months before the lure the new bagholders in.
Sad but true - more than I care to admit.
Stock Cowboy - please tell me why it would not go down.
Sure there is a bounce on the over reaction dip, fueled by a PR that some thought was new and a few "promoters" pumping it for a flip. Short of that they were just bitchslapped by the FDA and everyone knows there is like a 1% chance the FDA will reverse it's ruling at the upcoming meeting (show me an example of where they have done so before...)
Bottom line, short of some mysterious surprise buyout offer, there is zero chance that ANX will realize a revenue stream for AT LEAST 12 months - and that would require them to have already submitted the NDA for 514 and not PRing it. If they have not submitted the NDA yet (most likely scenario) than they are looking at an OPTIMISTIC 18 months before any revenue stream. At current burn rate they cannot last that long without additional capitol raising.
So help me understand the intrinsic value here? Even if you believe in them (which I actually do) there are almost certain future dips well below $1 to take up long "investment" type positions in.
I'm hoping some details come out that help shed light on who is in the cast of characters responsible for perpetuating the fraud...if in fact it turns out to be fraud. Though at this stage I would find it very difficult to believe it is anything but given the absolute silence from the company. Still admit there is a miniscule chance of some degree of legitimacy....time will tell.
Had a nice little bounce on the PR...hope you dont see a flood of Form 4 sells. No valid reason in the world this holds at these levels in the short term. Play it while you can.
I'm not going that far... From what I can tell as a non-medical research person with zero pharmaceutical experience (but a background in chemical engineering) the pipeline does have drugs that would appear to have as much potential as anything else rolled out in front of the FDA - even more so since they are reformulations. I do feel that eventually ANX can do something but that the CEO really should be replaced. All he has delivered on are the rewards for himself and his team while his company (and therefore his responsibility) has committed completely inexcusable mistakes. By their own business plan they hire just-in-time consultants/researchers in order to get the best people only as needed. Are we to believe that these best people would make such newbie mistakes? Maybe be expectations of a drug trial are entirely off due to my lack of experience in the field, but I am not seeing every other Rx stock take hits due to similar mistakes.
I would be very careful at this point. The PR was a Hail Mary at trying to stay above $1.00. There was not a word of new information. Most of the pop is due to daystraders and speculators believing, as you did, that the price would go up. They will sell and even probably go short to profit in both directions. ANX isn't going anywhere until there is some real news - and at this point I would say that news would have to be an FDA approval, not just a meeting or accepted NDA filing.
Another brilliant start to what should be a stellar week for IDCN. Maybe Jeff can come though on a 10,000:1 reverse split this week? That would finally bring IDCN up to a full DOLLAR/share. Granted, it would be under a penny/share again within a week but the great news is I might be able to short it finally!
What does any of that have to do with IDCN?
If your "extensive DD" was the blurb in the mining industry periodical - I called the publisher way back when - was informed that companies submit the information themselves and there is no verification process. I then contacted the government entity with which IDCN would have had to file a stake/claim with (contact info was provided by the publisher, along with lots of other useful information) - there was no such record - in fact, they had ZERO records of IDCN ever.
Bottom line, your "DD" is complete "BS". But nice try.
"Hockey Stick was real"
HAHAHAHA Thanks...haven't laughed that hard in a while. Then I got to the part where the (maybe) former IRO was in big. You are on a roll! That is some seriously funny stuff!
Its really sad that the new self-claimed IRO actually is so bad, so juvenile, so devoid of any thought process that I have new found respect for the old one. At least he lied using real technical terms and real fundamental concepts...not just "Oh but please, its all good, can we get along?"
None of that matters....after all, Frankie is absolutely right - this is a worthless pink sheet scam and everyone knows it. The way to profit is to lie to all new investors/future bag holders, and convince them that this thing is legit so you can dump on every uptick.
Seriously...the information in here - if anyone is stupid enough to buy shares after reading this forum, then they deserve the loss they will take. Its just really a shame that they will be funding the new European Vacation for fat ass and his ugly wife.
You keep saying the CEO owns 2.5B shares. The CEO gave himself 2.5B shares (he did not BUY them) so the normal concept of a CEO owning shares being a good thing does not in any way apply. Second there are two, and only two, reasons he did this:
1) He has a history of printing new shares, awarding them to himself and then selling in the open market. It is the one and only business IDCN is actually engaged in - making the CEO profits from thin air.
2) Some large stockholders have tried to buy a majority stake as a group to kick out the CEO. He moved his articles of incorporation to WY where you can have unlimited authorized shares, then he printed another few billion shares so that this group no longer had anywhere near a majority stake - problem solved, he could go back to scamming now.
That is making the H-U-G-E assumption that someone really did take the new IRO job. Please tell me you are not believing this.
I can write a cheesy web site that looks like an elementary school kid built it saying I am in to spider goats and space elevators but that doesn't mean I derive any revenue from them. Please dont be a fool and take Jeff's web site for anything other than the joke it is.
Word of caution...felt like a $30M buyback was kicking in somewhere else to and it never happened. Granted, at these prices it was hard to not take a position.
One problem with ANX, that is not unique to ANX nor necessarily the fault of ANX is that it tends to crash when the broader market crashes, like today, but in general fails to recover without fundamental positive news. If you overlay an indicator like DOW on the ANX chart you can see that each large dip ANX followed, but failed to maintain parity on the bounce. My WAG (wild ass guess) is that the majority of investors in ANX feel like they are playing a risky gamble due to the nature of the company, in a market dip they pull out to protect capitol, on the bounce they feel no real reason to jump back in. And honestly...who could blame them? This is just another reason I feel fairly confident that we will see another .30-.40 drop before we hit a major event that turns things around.
Along those lines, I did get a couple PM's telling me that the cash on hand IS actually enough to fund ANX for at least 12 months. Let's keep in mind this is what the company claims - yet the burn rate over the last 3 years does not support this, and that was with only two drugs in active stages - with 188 there are now 3 pipelines to support. Even if they squeak by for 12 months - that means they cannot fail another FDA NDA/approval AT ALL. Do you really think they are not going to plan ahead and try to get additional funding? They cannot afford to wait until they are down to a month or two of cash...unless they really are that dumb or dishonest.
Thank for for saving me the trouble of calling this idiot out.
Please explain exactly what the price of gold has to do with anything.
IDCN does not now, nor have they ever, held an interest in any gold mining operation. Jeff, on a personal level, participates in his KB Gold thing - which is like Amway - its a pyramid sales model of retail gold - but it is in no way affiliated with his IDCN interest. He never even made that claim... The reality is Jeff never even TRIED to have an interest in a gold mine - it was all pure fiction. Not a single verifiable name, location, date, detail or fact in any of the stories.
So again I ask - Please explain exactly what the price of gold has to do with anything.
I have kept every share.
I am perfectly willing to accept a loss (actually have already accepted the loss) at this point. So as mentioned ad nauseum, there is no viable reason to sell under $1, or even under $2-3. Everyone has their own perspective - this is just mine.
I will respond to this once...being off topic that's it...
Financial success does not mean someone is sane or rational by any means. Many people have become incredibly rich just running the right scam at the right time. I do not in any way deny that Bloomberg has become well off - only that he is a low life piece of crap that anyone who has actually researched more than his net worth clearly is aware of. I cant begin to enumerate the multitude of reasons this person should be in jail. But hey, if he's your hero than more power to you.
Oh, South Carolina
Carl Ichan held large positions at around $1.75/share PRE-SPLIT. He held both personal positions and a position in his fund. As of today's report he no longer holds either. He closed his fund position as I recall about a year ago. A lot of investors held on because CI had a position, like an endorsement. This is no longer the case. I suspect some will follow his lead.
I'm on my phone on the road so my numbers/timelines may be off.
It seems Big Daddy Carl I has left the building-both with fund and personal holdings. Sub $1 tomorrow?