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SAME AS THE OLD SHARES. NO, WORSE.
Yawwwwnnn, ZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZ
OK I found it.......bankruptcy. Well it has come to pass just like I suggested months ago and was insulted for suggesting that when no one stepped up to buy it, either large companies for office coffee money or officers It must not be worth anything.
Apparently we are in the tight lip period where the "people who know people" bail. Unless, I am missing an announcement, somebody needs to go to jail!
Done for! Management change? Reverse Split? Same result ..............NO RESULT!
This just keeps dragging on and on. The stock price is sagging. If they are going to get it done, they better hurry while they can still get a decent price.
In each year's release it says "The number of shares of Common Stock of POLYMEDIX INC owned by the investment companies at December 31, 2012 included xxxxxxxxx shares of Common Stock resulting from the ASSUMED conversion of xxxxxxxxx shares of POLYMEDIX INC WT 4/10/16. From my excerpted data above: 2/13/12, 7,841,901 shares - 1,562,501 ASSUMED convertible from warrants = 6,279,400 actual shares. 2/13/13, 9,257,500 shares - 3,125,000 ASSUMED from warrants = 6,132,500 actual shares owned. They included POSSIBLE converted warrants in the totals even though they weren't actual shares ASSUMING they will be converted. That is a BIG ASSUMPTION.
I found it and the one last year. Exerpts from the two and a little math appears to actually have sold 150,000 approx. The increase consisting of new warrants.
2/13/13 "Devonshire Street, Boston, Massachusetts 02109, a wholly- owned subsidiary of FMR LLC and an investment adviser registered under Section 203 of the Investment Advisers Act of 1940, is the beneficial owner of 9,257,500 shares or 8.422% of the Common Stock outstanding of POLYMEDIX INC ("the Company") as a result of acting as investment adviser to various investment companies registered under Section 8 of the Investment Company Act of 1940. The number of shares of Common Stock of POLYMEDIX INC owned by the investment companies at December 31, 2012 included 3,125,000 shares of Common Stock resulting from the assumed conversion of 3,125,000 shares of POLYMEDIX INC WT 4/10/16 (1 shares of Common Stock for each Warrant)."
2/13/12 ''Devonshire Street, Boston, Massachusetts 02109, a wholly- owned subsidiary of FMR LLC and an investment adviser registered under Section 203 of the Investment Advisers Act of 1940, is the beneficial owner of 7,841,901 shares or 7.291% of the Common Stock outstanding of POLYMEDIX INC ("the Company") as a result of acting as investment adviser to various investment companies registered under Section 8 of the Investment Company Act of 1940. The number of shares of Common Stock of POLYMEDIX INC owned by the investment companies at December 31, 2011 included 1,562,501 shares of Common Stock resulting from the assumed conversion of 3,125,000 shares of POLYMEDIX INC WT 4/10/16 (0.5 shares of Common Stock for each Warrant)."
What is the link to that? The only one I see is FMR LLC · SC 13G · Polymedix/Inc · On 2/14/12 which says: "'Various persons have the right to receive or the power to
direct the receipt of dividends from, or the proceeds from the
sale of, the Common Stock of POLYMEDIX INC. The
interest of one person, Fidelity Select Biotechnology Portfolio,
an investment company registered under the Investment
Company Act of 1940, in the Common Stock of
POLYMEDIX INC, amounted to 7,402,918 shares or 6.882%
of the total outstanding Common Stock at December 31, 2011."
Mine are also held by my broker so I don't know when I will get the notice.
My thoughts are cautiously glad to see they are still trying instead of just going the bankruptcy route where the shareholders lose everything. I am still not sure why no hostile offers have been made. It makes me wonder about the odds that this really is a viable product probability.
I emailed them and told them about my experience with Tengasco where the company issued free warrants to the present stockholders for immediate conversion to stock at a price or lose the warrants. They were very successful in staying afloat when the ship was about to sink. HOWEVER, I am still concerned that management is still not buying shares if something good is going to happen. Are they prohibited from this, if something is in the works, by some SEC rule?
If it is to continue, why appoint an interim president instead of the one you want? 9/30/2012 Total stockholders' equity (4,374) What do you think it is now? And some of you see Nic's leaving at this point positive? A year ago after the shareholders defeated all the proposals, yes. Oh...... thats right. You guys voted for everything management wanted. I voted NO on everything. It is a bit too late to see this as positive now. The interim President has just been appointed just as Admiral Karl Dönitz was appointed to replace Hitler at the end and it is going to have the same result...........NOTHING, HE IS THE DESIGNATED LAST MAN OUT TO TURN OFF THE LIGHTS. I am glad I sold down to a stub.
Paid for in advance I Presume!
http://www.investors.polymedix.com/eventdetail.cfm?EventID=124780
I need to get a job at one of these companies so I can take a trip to Europe on SOMEBODY ELSE'S last dime. Only biotech officers and politicians.
The best product in the world will go bankrupt with S H I T T Y MANAGEMENT.
The best product in the world will go bankrupt with S H I T T Y MANAGEMENT.
"or a potential sale of the company or its assets." The key threat everybody is whistling as the walk by is "OR THE ASSETS"!
I forgot to say I AM OUT OF THE COLON.........GONE.
I make lots of money in the sane part of the stock market. I don't ever touch banks or pharma because it is all bullshit. I went onto PYMX because it looked like a sure winner with time ..............................(Bwaaaaahahahahahaha). Between pie in the sky, starvation for funding and shitty entrenched management, pharma is not for me. I will just look at my stump any time I see another "sure blockbuster" again to remind me.
The facts are: 1. No insider buying since 05/31/2011; 2. No interest from large companies even at a chump change price. The big boys spend more on coffee for the office. If there are any real possibilities here, why these two real facts? I am in pretty deep and waited to sell because I thought the loss would be more valuable this year. Please put aside the hopes, biases and flames and give me a logical rebuttal of this as I am trying to make up my mind whether to pull the trigger on this pie in the sky.
Is anybody left out there? I feel like the scout that came back to Custer"s troop. I saw this note on the !0k: "We currently lease 24,223 square feet of office and laboratory facilities at 170 N. Radnor-Chester Road; Suite 300 in Radnor, Pennsylvania, pursuant to a twelve-year lease." Does anybody know why they ever needed that much space? Who is it leased from......insiders?
There is something very strange which I mentioned back when the first collapse came and it became what I considered cheap for a real company to buy completely. It has just gotten cheaper and cheaper. If their really is any value to the patents and the company truly has a lock on those patents, it is pocket change now to buy the whole thing with a hostile offer and that has not happened. Therefore, it is merely hope and not reality that it will go forward. At this point though, my tax write off will be better next year than any money I can save by selling. Therefore, I just hope it makes it until the first of the year.
The last company I saw with a president this delusional, he turned out to be a coke head. Fortunately the board replaced him, hired real talent and refinanced before it died, due to a large new majority shareholder that took charge. Unfortunately, this situation has fallen way below that point and I am not insinuating anything about anybody.
You still have me on the list, right? Has any contact been going on with the company? Will it even make it to the next shareholder meeting?
Anybody know what is happening the last few days? Stock price action says something is.
Does it survive long enough to get any new money? It is not trading well right now.
The link does not work for me.
If you want to see a pharmaceutical chief executive that acts like he expects something good to happen check out this link: http://www.marketwatch.com/investing/stock/OPK/insideractions . This is Opko Health Inc. and this is what I want to see out of the executives of PYMX to not feel they are milking it.
How do I sign on?
Apparently everyone has. Is anybody still interested?
Sorry, the links did not copy correctly, but you can go there and they work.
I have copied this post from the Yahoo board. What do you think of this as a competitive threat?
AUSTRALIAN scientists have made a breakthrough in finding a powerful alternative to antibiotics - at a time when the World Health Organisation is predicting a bleak future in which bug-killing drugs are so ineffective that ''a child's scratched knee or a strep throat could kill again''.
The threat of the world returning to a pre-antibiotic era has been fretted about for at least a decade because of microbes becoming increasingly resistant to drugs.
But Monash University researchers, in collaboration with Rockefeller University and the University of Maryland, have published a paper revealing the structure and workings of PlyC - a flying saucer-shaped protein that kills bacteria that cause infections from sore throats to pneumonia and streptococcal toxic shock syndrome.
PlyC is a viral protein, known as a bacteriophage lysin, that specifically infects and kills bacteria. James Whisstock, Ashley Buckle and Sheena McGowan from the School of Biomedical Sciences have spent the past six years deciphering PlyC's atomic structure - a crucial step in developing the protein into a drug therapy.
Associate Professor Buckle said PlyC, in its purified form, has been shown to be 100 times more efficient at killing certain bacteria than any other lysin to date.
''Even faster than household bleach,'' he said.
While developing a drug and delivery system - such as a pill or nasal spray - was still at least a decade away, and subject to serious challenges, scientists at Rockefeller University are already having success in treating strep infections in mice with a nasal spray.
After the devastating flu pandemic in 1919, bacteriophage therapies were investigated as a means of containing bacteria-based disease. The research was largely abandoned in the 1940s when antibiotics came into widespread use. However, Dr McGowan says it was still common for people in Eastern European countries, who couldn't afford antibiotics, to drink whole bacteriophage cultures as a cure for infections.
''But drinking cultures would no longer be acceptable … although if we get desperate in the next 50 years, we might go that way,'' she said.
The breakthrough has been published in the Proceedings of the National Academy of Science.
Read more: http://www.smh.com.au/national/health/ne...
http://www.smh.com.au/national/health/ne...
To answer your question, I did not know they had anything going in the cancer arena at all. As I have said before, I usually invest in other types of companies. When I read about PYMX in Forbes, many months ago, the science seemed too good a speculation to pass up. That is why I make the comments and questions that I do. I may seem foolish to those of you who have followed this for so long but I know of no other way to find out what may be known about PYMX.
What do think of this new patent application shared on yahoo:http://www.faqs.org/patents/app/20120115877#b
$25 million now buys the entire company, pocket change for large companies with a lot better understanding of the science than we have. NO OFFERS! NO INSIDER BUYING! What does your logic say about the future possibilities. Why don't you just have your hedge fund buy the whole thing if you are confident. I am not being flip with you. It's just his makes no sense. I feel screwed on my holding and cannot buy more even if I am wrong in not doing it. It flies in the face of logic at this point.
I think, since there is no news this morning, that your point is proven about scaring away new buyers and stampeding the sellers like a lightning bolt scared the herd of cattle. It sure isn't the insiders bailing out since they never jumped in!
WTF HAS HAPPENEED THIS MORNING?
This is what continues to bother me. It is not logical for a bargain of this magnitude to go without being snatched up...........UNLESS we are missing something radically wrong with this picture. I am holding on to my shares but increasingly worried.
And that 1.2 million is sorely needed by the company.
I hope you are correct. It just seems to me that when I have been a member of a class suit, I end up getting a few dollars and the lawyers get millions. If the money came out of the officer's pockets, I would be 200% for it anyway, but I hope I don't lose my investment because it bankrupts the company because the officers are usually protected.