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As soon as the price goes up they're gonna run another public offering.
I hope all works out well for them and they can finally achieve something that benefits the investors as well.
Exactly! He could have said "my hands are tied!" Instead, he showed no reaction to none of the important events which have been going on for the last several months. If he had said sth like that, at least there would be less speculation as to why he hasn't made any comments so far... it seems that his policy has been keeping everyone in the dark so far.
Thanks for the article. Nicely summarized.
This is a new article on seeking alpha about CVM:
http://seekingalpha.com/article/4026718-cel-sci-corporation-arbitration-phase-iii-trial
I see your point more and more.
If you disagree with anyone on this board please don't make it like a personal issue.
You should be nominated to be on CVM's board of directors... I would vote for you!
Thank you. It seems logical.
You think $500k salary is not enough to keep people in board?? Options are needed as incentives?
I never said Geert cannot sell his shares. My point was that if Geert sells his shares based on some negative insider information without letting the other shareholders know, he can be sued. This was in response to an earlier post which was implying that since Geert is not selling his shares everything must be going alright with the company.
I think you are confusing my point
True I remember that. The price went down to teens before the last R/S. but normally they receive a 6 months notice to regain the compliance and we would know that.
Geert not selling his shares it doesn't necessarily mean that he thinks all will go well with CVM. He would be simply sued if he sold his shares before letting the shareholders know what is driving the price down.
It would be easier to read your message if you'd switched off the caps lock... it wouldn't make it any less serious... just saying
By the way, back in last year Inventiv also sues back CVM for (if I remember correctly) 20M... any merit to that?
Seems you are new to CVM... Lots of easy calls in the past several years... And one by one turn into a false hope and before you completely give up, a new easy call comes so that you decide to stay and Geert can cash his $50k monthly cheques on time.
It seems that they are not relying on the known survival rate of SOC obtained by other studies. Rather they are comparing the multikine group with the SOC group that they hired. And seemingly that SOC group has had a good survival rate... But I don't know how the additional enrollment can be helpful... I assume that those will be freshly diagnosed patients and it can take even longer for them to pass away (Unless many patients in the current SOC group are somewhat cured and they are not excepted to die soon/at all)
I'm there with you 100%
Well, this is way more conservative than Geerts' speeches.
Wish everyone good luck and hope they can win +50M$ arbitration case and hopefully we won't need to hear about new offerings for a while...
That is irrelevant to my point. Regardless of why they need more funding and on what they intend to spend it on, with a positive arbitration result (that Geert is so optimistic about) the PPS would go much higher and they could have raised the same amount of money while offering significantly less number of shares.
And of course, if the arbitration goes in their favour, CVM should expect the arbitration money some time after.
Well, that was my first point... didn't they expect to get positive results...? Nothing is guaranteed, we all understand that, but with a better strategy to could have given it a few more days while avoiding running out of money.
Sure, I get it. But if they had raised say 1M$ in their previous offering in May (assuming they knew the arbitration date at the time), they could have avoided offering shares before the arbitration at such low prices. What they did was not a good practice either. With a good arbitration result the PPS can potentially double or even more. This means that they could have raised the same 5M$ by offering half the number of shares as they did now. They could have avoided diluting some 5M extra shares.
So they could have waited until early Sept... and with a good arbitration results on Sept 6th, the PPS would easily raise considerably. And they could raise their 5M$ in a matter of few days as they just did.
And again, why didn't they raise a bit more money in the previous round to survive until after the arbitration new so they didn't need to dilute as much now?
My main concern with the recent offering is that, if the management really thinks that the upcoming arbitration will be in its favour (and won't be further delayed), then why didn't it wait until the good arbitration news boosts the PPS and then do the offering to raise money fast with less dilution...? Aren't they expect to win? Or do they believe that the arbitration is going to be postponed again?
Another answer would be that they needed money fast and couldn't survive for another few weeks... But that doesn't seem to be the case considering the earlier offering in May. Even if this is the case, then why didn't they raise a bit more money at the time to avoid an early offering now? I imagine at that time they already had information on how and when the arbitration will be scheduled.
I hear you...
How true... That was a nasty move from the management. It may not do a significant long term damage (considering the iffy arbitration) but it definitely creates a sense of distrust.
Another 5M offering??? WTH
Thanks (I had completely missed the details of this deal)... In my opinion this is a better for LW than it is for CVM... Geert used to brag it as a great achievement! Let's hope they win a reasonable amount hopefully in the range of 50+ M
I was thinking of selling some of my APPL shares and buy more CVM. It is likely that the share price inches up before the arbitration date. If the date is not further postponed and CVM gets a reasonable money (say over 25 M$) the share price may go way over 1-1.5$.
By the way one topic which is less discussed here... Is it clear what kind of deal CVM has with the lawyer company? We know that they are funding the arbitration expenses up to 5M$ but how much are they gonna get if CVM would wins?
Good luck to you all
Some accumulation is happening
Aren't they obliged to report it if the insiders sold their shares in the open market?
You are generally right about that. But let's also consider that the top ranking officers usually don't have the same flexibility as public shares holders when it comes to selling... Lots of politics, internal agreements, and laws... For example they could get sued if they sold their positions believing that stock will go down (based on their insider info).
Yeah, solid! Hadn't seen that for a while with CVM.
Hahaha, sure, why not! The silver line is that Geert may not be around by that time... The bad news is that neither we will! lol
True, I hope 880 patients gives the stock a boost before the arbitration date in September if not delayed again to the spring 2783!
Not bad... back on track
No numbers... ?!
The thing is the summer holidays for docs has already started... This might affect the numbers for these couple of moths
I can't guess really... But better be good