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More like reverse split followed by more dilution when it hits $0.60. Sound about right?
Don’t give up on him yet wim, I’m certain Stinky can do worse, Just give him time.
Come on run the price up on this stellar news, millions of shares need to be sold short with all those protection warrants in wait........and the same old game starts all over again.
I smell another reverse split coming. The only thing stinky knows is screwing over shareholders, at this he is a master.....
DELISTING.....They most likely already know, just being quiet about it. Only my guess of course.
So now that we are back to 43M shares when is the next reverse split?
Will it be another 1 for 10?
Diluted us back to where we just were. Nice...
DELISTING NEXT WEEK IMO. Another 80 percent haircut be my guess.
My guess is another round of dilution in 6 months, followed by another r/s by late 2019.....
Doog,
I swear I read somewhere in one of the many recent fillings that they listed their number of employees at 65.
My guess is the Rexista results are shit. Why else dilute so much?
My guess is this will be the start of a whole new round of the same game.
Looks like they managed to get rid of close to 1M shares? 7.8M more to go?
Pump it boys, pump it good..........Tanking already looks like the sheeple are catching on.
So now they pump the sh.t out of this "no news" everyone knew the studies would be wrapping up. My guess is the results are bad. This is an act I'd like to call the final f,n........
I see stinky has made a whole bunch of fresh enemies today. He has alienated all his longtime supporters and is adding new enemies daily. He has zero friends left.
Following their past pattern I expect silence for the next one to two months while the stock gets beaten down to about a dime.
Smoke and mirrors management team. Don’t buy into this crap......
Manipulation ring selling short that’s all.
Latest prospectus contains a termination clause. Not sure if this has been in previous ones or not.
I don't think a prospectus is supposed to be an employment contract? At least they see the writing on the wall.
Termination and Change of Control Benefits
Dr. Isa Odidi and Dr. Amina Odidi
The employment agreement with each of Dr. Isa Odidi and Dr. Amina Odidi (collectively the “Odidis”), by virtue of it being a fixed-term agreement with automatic renewal provisions, effectively provides for payments to the Odidis following termination of the employment agreement unless the agreement has been terminated in accordance with its terms. As a result, if either of the Odidis had been terminated on the last business day of the Company’s most recently completed fiscal year, it is estimated that an amount of up to approximately C$2.2 million would be payable to each of the Odidis, which is the amount that would have been payable through to September 30, 2022, at each of the Odidis’ current annual base salary level. Given their nature as fixed term employment agreements, if notice is properly provided to not renew the agreement following the term ending September 30, 2022, then the amount payable upon termination to the Odidis will decrease to the point where no amount would be payable upon termination as at September 30, 2022. Any termination of the employment of the Odidis must be undertaken by and is subject to the prior approval of the Board. There are no payments applicable under the employment agreements of the Odidis relating to a change of control of the Company.
Andrew Patient
If Andrew Patient’s employment agreement is terminated without cause, Mr. Patient shall be entitled to three months’ base salary, plus six weeks’ base salary for every full year of service, up to a combined maximum of twelve months. If such termination occurs within six months of a change of control of the Company, Mr. Patient shall be entitled to thirteen months’ base salary, plus six weeks’ base salary for every full year of service, up to a combined maximum of eighteen months.
Exactly wim, imagine when they try and flood a no demand market with 5 million shares of worthless paper they will be lucky to get $0.50 a share.
Only way I see it is they are working with the manipulators. All evidence seems to point that direction in my eyes.
What did a Andrew say this time, buy 5 million more shares at $3 big news is coming?
Wimike,I hope that I am wrong also. Unfortunately the pattern has become obvious.
Until Stinky burns these shorts it will continue. Personally I think he has been working with them for sometime. Another pattern that tells a story. Just my personal observation of course.
$1.80 by the 28th. 15 m in shares to get rid of. Stinky strikes again....
IMHO..
The $80 Target is a joke. The powers that be just took a very old price target from an unreliable source and applied the reverse split to it. They are propping up the price to sell shares short IMHO
Funny no mention of this from the 18th. HMMMMMMMM........................
https://www.accessdata.fda.gov/scripts/cder/daf/index.cfm?event=report.page
Why pay 10M upfront for one drug? Wait another week you can have the whole company for 7M!
Hmmmm.....
https://apple.news/AeNJX90gZQ5uLuNVG7qmZYw
Short and distort same game. Looks like the SEC might be waking up?
Unfortunately all we have to go on is past performance. Past performance says just when you think they can’t get any dumber they prove you wrong.
Doog..... I think you are right, although I think Penna was trying but his hands were tied. I think that is why he split. New CFO, joke......at least Penna would take your calls or answer emails.
My guess it’s just the same group of manipulators pushing up price to short more before dilution. Strange how they are always in the know. Smells STINKY around here. Buyer beware. Hope I’m wrong.
If this stock doubled it would still be under 50 cents. What a joke.
Thanks STINKY Odidi...
How about a little humor.....
"Prof. Isa Odidi, the erudite pharmacist, celebrated scientist, distinguished innovator, first-rate technocrat and consummate entrepreneur, whose foremost passion is bridging the worlds of design, science, technology, innovation and entrepreneurship, with a view to maximising the outcome for economic growth."
https://www.nairaland.com/4302930/prof-isa-odidi-china-pharmaceuticals
1 cup of coffee=20 shares of ipci.
Thanks STINKY.
I replaced Dr. With Stinky.
Most Doctors are people of high morals, integrity, and intelligence. He exhibits none of these.
28 cent turd..
Thanks Stinky.....
Stinky is a POS end of story..... to many enemies now..............
Worthless piece of crap!!!!!!
Wow, glad I traded in a bunch of this crap stock for some eglt.
Even Bob Ratsh-t is a better ceo than Stinky Odidi??
"Giving a long lead time in between the dates gives the company time to communicate their reasons to sway votes." or to counter offer. I personally hope we are voting to sell the company? I would settle for a dollar a share just to spite Odidi.....
Volume good today. News at close?????
Market dictates what Odidi is worth, 60 cents a share.
Only speculating wim... where did all the last raise go? Lawsuit, hap studies, salaries, bonuses, prodas testing???? Who knows.