Pete, since I got out, I will try recouping my losses. I am going to be looking into NVIV. $4.20 looks extremely attractive. Thank you for pointing this out.

Good luck! I hope I will be back in a month.

I've come from CEGE and have been through a lot of pain. Down almost 90% as well.

I am sure the company would do well over time but at this point I just can't trust it. ANIP don't care - they got their wish to take the company public. They could now blame everthing on BPAX...

I just feel for everyone here. Good luck again. I will be wating on sidelines. If I miss something big, so be it.

I am out. I just had to stop the bleeding.

Will revisit in 30 days.

Good luck everyone!

Catty, what I think Joshuri was saying was that we may slip below $5, so he was just concerned that you may get a margin call.
Knowing bpax, I would never touch margin money....

Thank you JTFM!

What you are describing is the ideal route, but being in this stock from CEGE times taught me that it rarely works out the way we expect, for this particular company that is.

Przybyl is facing a huge task to turn this company around. I hope he delivers.

Well, it is time to say goodbye to any hope to break even for me: there is almost 0% chance this stock would ever reach $60.

Oh well...

1. No
2. No
3. No
4. No

The management will still pull whatever they want. They knew that the min req for the new company would be $4 so they agreed to take the R/S and the name change off the table in the first voting round, so they could get enough votes for the merger, knowing that there would still be a R/S and a possible name change. So, in reality we've gained 0.

That's why I think that at this point this voting is a formality. It's a done deal in my opinion.

Sharing the pain @ $9.50

That were my thoughts exactly! However, I always had a feeling that the RS would happen one way or another...

Absolutely. No different than any presidential-type campaign
I am not even considering getting anything from CVRs. At this point I totally believe, and the management knows it as well, that CVRs are worthless. Otherwise, BOD would jump on those themselves... my opinion obviously...

$5 would be sweet - I would be half way to breaking even - as long as this price is not reached via the reverse split, which could easily happen.
I am an optimist but BPAX behavior in the last year could break the most zealous optimist...

Same here. That's when I break even!

Pete, BPAX should be able to hit it no problem. Try $9.50

Just got the voting materials, tossed the booklet in the recycling bin and voted the same...

I am with you guys. Down much more than 20k with the ave price of over $9, but still be voting the same even though I am positive the management would be able to pull this off this time...

News: Special meeting to consider merging is scheduled:
http://finance.yahoo.com/news/biosante-pharmaceuticals-ani-pharmaceuticals-announce-200500031.html

TEVA's in the news...

http://news.yahoo.com/teva-pharmaceutical-1q-profit-sinks-141506710.html

Teva Pharmaceutical Industries Ltd.'s first-quarter earnings fell 27 percent, as generic competition, a weaker Japanese yen and other factors dragged down revenue for one of the world's largest generic drugmakers.

Agree. There was an agenda behind this statement over the phone. They kept quite about everything else but they let this one slip out? Hard to believe.

I could see that.

But I could also see that ANI execs have to be out of their minds to let go a gold mine so to speak for peanuts.

Nothing better comes to mind but the old proverb: give a man a fish and you feed him for a day. Teach a man to fish and you feed him for a lifetime. We, as BPAX Shareholders, are offering ANI a golden opportunity to shine by manufacturing Libi on their own and grow the company for years to come, but intstead they are opting out for something small and immediate to satisfy their hunger for cash... This seems very counter intuitive...

However, with BPAX Management, one would never know what's on their crooked minds...

What concerns me the most, besides keeping quiet with on everything that's going on in the company, is the fact that ANI's Przybyl told Jeff on the phone that he would sell Libi for 2.5M in the heartbeat.
If Libi is that stellar, why giving it up for 2.5M to the first bidder instead of manufacturing it on their own, especially knowing it is a $2B market?

That tells me two things: either that they are lying right off the bat about selling the Libi, or that they may not be interested in developing it on their own.

Regardless, it makes things even more complicated...

What do you guys think? Why would he mention dumping Libi?

Catty, I have to agree with Pete. If the ship has been sinking, then Simes and BOD have been lying to the SH all along. It looks to me however that he has been playing someone else's game. In both cases, his actions are criminal, and regardless of what his intentions are, shareholders are the last thing on his mind.

Also, if Libi was Simes baby, why would he so readily offload it to Pryzbyl, who mentioned to someone about taking a 200M offer in a heart beat, rather than doing it all alone?

Anyways, whatever is going on with the company and the merger is very ugly. Not only are we all kept in the dark, we are lead by a captain who is not even at the wheel.

I will also vote NO to everything even though I am down to my last 10% of my investment, and I do care about my money.

Professor, good to see you back on this board right at this crucial time...

Pete, good to hear that you and your wife are OK. My prayers go out to you guys.
From the bottom of my heart I wish you a speedy recovery!

Catty: Yes we have. But if the companies merged, it is going to become a brand new complany with the new name which means that it would have to comply with Nasdaq rules for the new company, which is a minimum of $4/share. How do we get from $1.20 to over $4? Here comes the reverse split.
And I can't afford going through yet another RS. Not on these terms. So, I am sticking to my NO's.

Unless, of course, I am missing something...

Merger = Reverse Split. If we don't have to do it now to stay on Nasdaq, the new company will do it to meet the Nasdaq requirements.

OK. Changed it back to NO's

I changed my vote from No to Abstain.

Jadite, I was talking about my own situation of course: I have been through too many reversed splits and not even once the company announcing the reverse split had ever recovered the pps to the point where I could get even half of my money back. Maybe I wasn't invested in the right company but I can't say for sure this is the right one.
I came in from CEGE and I believed that GVAX would do well so I voted for the BPAX merger - look what happend: they sold GVAX for peanuts. I am afraid the same may happen to Libi.

Another reverse split would mean a disaster for me. if we have a 1:5 split, I am looking at $45 per share postsplit to get my money back. What are the chances of that happening when 99.9% of the time in my experience, the pps tanks to the point of no return. You know it: getting pps down is easy, try getting it back up...

Anyways, I am not saying no to the merger. I am saying no to the merger at these terms: remove the reverse split, golden parachutes, get the pps to the levels where RS is not necessary, and I would gladly change my vote. Currently, I feel nothing but offended by this offer.

Jadite, I am in the same situation as you are, being a CEGE investor. I am loosing quite a lot as I mentioned before. However, I think if we get this merger to go through, I can kiss the rest of my money goodbye.

The management can bring the pps up just like they brought it down over the course of a year and a half. No RS would be necessary. It is time for the management to start playing a fair game.
I voted no on all 5 and not changing my vote.
We won this one, so who knows, we may win the next round again.

Earlier today I tried to change my vote from no to abstain but the system wouldn't let me because of the deadline. I will re-try on Monday.

Wow, what a surprise! ANI SH have accepted the merger...

How come the mgmt is calling BPAX a surviving company after this day time robbery they nicknamed "merger"?

Still not changing my vote untill I see better terms for us. I am 90% down in this investment with no money to average down.

All IMHO of course.

Hey Catty. Sorry, I just saw your reply... My understanding of what the moderator said was that it would be up to the member who reported Prof to contact the moderators and ask them to add him back..but after reading prof's reply to win, I realized I was mistaken...

I looked up the blocked posters and emailed Edward (the mediator) to reinstall Professor.

His reply was: That is a request the member would have to make him/herself.

Any chance someone had softened up to Professor so we could bring him back?

Can someone finally bring Professor back to this MB?

Same here. I realize that this merger is the only way for this company to have any vital signs. But common, throw us, SH, some bone...

Catty, you can change your vote as many times as you want before the meeting.

Interesting:
Each of BioSante and ANI also has agreed not to solicit proposals relating to alternative business combination transactions or enter into discussions or an agreement concerning any proposals for alternative business combination transactions, subject to exceptions for BioSante in the event of its receipt of a "superior proposal."

10-K is out
http://biz.yahoo.com/e/130228/bpax10-k.html

BioSante believes that the merger of the two companies will be able to create more value than BioSante could achieve individually. The combined company that will result from the merger will be a fully integrated specialty branded and generic pharmaceutical company focused on developing, manufacturing and marketing branded and generic prescription pharmaceuticals. Although the exact timing of completion of the merger cannot be predicted with certainty, each company has scheduled a special meeting of its stockholders for March 15, 2013 to consider and vote on certain matters in connection with the merger. If the merger is approved by BioSante's and ANI's stockholders and the other conditions to closing are satisfied, it is anticipated that the merger will be completed as soon as reasonably practicable after the special meetings of stockholders.

etc...

Win and others who haven't voted: I would rather vote NO now and change my vote later than wait. This way they see how we feel (if that matters). You can change your vote up until the meeting.
Just my opinion of course.

Homeslice, I tossed my proxy when I first voted. And then I had to call etrade CS a few days ago and ask for my control number. The put me in touch with some other department and I got my number to re-vote online. No problems there.