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Interesting to note that while MYMD will remain a wholly owned subsidiary of Akers Bio until Spring, any significant news about MYMD will likely affect the price of AKER.
In that regard the merger agreement includes a provision for Milestone payments to MYMD stockholders if Akers Bio stock price reaches certain levels. The 1st Milestone payment of $20 million would be called for if "for at least 10 trading days during any 20 consecutive trading day period during the Milestone Period" the market capitalization of Akers "is equal to or greater than $500 million". With the current outstanding shares of AKER that would occur with AKER at $28 a share.
Another $10 million would need to be paid at $750 market capitalization, and $25 million at $1 billion, and $25 million for each additional $1 billion increase.
All of these payments can be made in Akers common stock!
power
Near as I can tell I'm getting the same result with Pick Vitamin's "Anatabloc Formula" as I was getting with Hydrapharm's. As to pricing, Preditor was charging 70 British pounds per bottle, and PICK has given me a free bottle for every $200 bottle I've bought.
Today's BIG NEWS on MYMD
https://finance.yahoo.com/news/akers-proposed-merger-partner-mymd-140000066.html
penniespincher
MYMD Pharmaceuticals is currently a wholly owned subsidiary of Akers Biosciences, but when the reverse merger is completed around April 15 to May 15, AKER shares will be exchanged for MYMD shares in a ratio that leaves Akers shareholders owning 20% of MYMD.
powerwalker
Don't know what PM can do with anatabine since the FDA has made it abundantly clear that anatabine must be a approved drug before it can be prescribed for human consumption. Yes, it is available from Pick Vitamin (and I am currently taking it, though not certain it contains the 2mg of Pure Anatabine claimed on the bottle). The seller avoids making any claims for it that would upset the FDA.
Think I have finally got my head around this reverse merger. We start with 3 entities, Akers Biosciences = "AKERS", MYMD Pharmaceuticals = "MYMD", and XYZ Merger Sub Inc., a Florida corporation and a wholly-owned subsidiary of AKERS = "MERGER SUB". MERGER SUB, probably at the time of the merger agreement, will merge with and into MYMD, with MYMD being the surviving corporation, becoming a wholly-owned subsidiary of AKERS.
The final merger event will occur between April 15 and May 15, 2021 when AKERS will change its name from Akers Biosciences Inc. to MYMD Pharmaceuticals Inc., making MYMD the sole surviving corporate entity.
Really surprised that Philip Morris would put that much effort into a study that discovers something we already knew, although I must admit it was more thorough than anything I have ever seen from Jonnie. All of the patents and patent applications with Jonnie,s name on them seem to mention a half dozen nicotinic molecules, including anatabine, and it has been my impression that he was patenting nicotinic molecules in general.
As to the switch from anatabine to isomyosmine, the patents seemed to imply that isomyosmine's ability to reduce MOA-A and MOA-B more than any of the other molecules was the reason, but I always wondered if it was because the anatabine patents were going to lose significant patent life before they became usable.
Looks like things are finally looking up for Jonnie after more than a dozen years of struggle and disappointment. Would be nice if he could recognize those of us who have been with him all the way by offering 1 share of MYMD for each 10 or even 100 shares of RCPIQ. Just dreaming, but I wish him luck. He has earned a Nobel in chemistry or medicine in my humble opinion.
Having much difficulty grasping what this merger is going to look like after it is completed. In usual Jonnie fashion it looks complicated. Is Akers going to come out of this as a private company as MYMD is merging with XYZ, a company created in Florida for the merger.
Jonnie Williams became a Director of Revologic Pharmaceuticals in Sept. 2020, a company in Florida which was formed at that time. Can anyone find anything about Revologic.
I, too, was hoping for a reverse split into RCPI if that was possible. However, that would carry with it the burdensome debt which caused RCPI to go the Chapter 7 route. It looks like Akers Bio will become the financial source that MYMD Pharma needs, to do the phase 2 studies it recently listed.
Akers has agreed to loan MYMD UP TO 3 million dollars, probably funding for MYMD until they merge. In the meantime Akers is doing a private placement of nearly 10 million shares, netting 18 million dollars. The placement includes warrents which will add additional funding over the next 5 years. This will probably be detailed in tomorrow's report at 4;15 Eastern.
I was blindsided by this news as I was HOPING for a phase 2 study which showed that MYMD-1 was able to at least slow the progression of Hashimoto's Disease, thus leading to an opportunity to partner with a leading pharmaceutical company for further developement. This looks like a situation where persons continuing to hold RCPIQ shares will be left out in the cold, which is the usual Wall Street outcome.
December 7th is Pearl Harbor Day! Let's hope we don't get bombed!
idcc2006
I enterprit your brief reply to mean that the key to these patents and patent applications is the method by which MYMD-1 is synthesised. Is that correct.
Jonnie was granted another patent yesterday! #10,806,728 "Pharmaceutical salts of isomyosmine and pharmaceutical compositions containing same".
Most of these patents and patent applications containing isomyosmine read pretty much the same, containing claims that isomyosmine (MYMD-1) can treat countless illnesses and medical conditions including some cancers, autoimmune disorders, autism, viral infections,hypertension, and disorders associated with chronic inflammation.
We continue to wait, not so patiently, for news that MYMD-1 has succeded in slowing the progression of Hashimito's Thyroiditis as claimed in MYMD Pharmaceutical's New Drug Application. Proof of that would go a long way to making the above claims more believable!
There will be no answer to that question until something happens here. However, speaking as someone who continues to have a large stake in RCPIQ,
Wall Street is not usually kind to investors in our position!
Could be that the increased patent activity and complexity is indicating that MYMD-1 is close to demonstrating that it can moderate the progression of Hashimoto's Thyroiditis, a breakthrough that would have very dramatic implications for MYMD Pharmaceutical's outlook!
That would be very interesting.
Jonnie granted 3 new patents!
10,787,675 granted Sept 29 Purified synthetic marijuana (etc)
10,786,493 granted Sept 29 Method of treating viral infections
10,722,506 granted July 28 Method of treating multiple sclerosis
The 1st was assigned to Supera Pharmaceuticals, the others to MYMD Pharmaceuticals
WOW! This is really getting BORING!
Thanks for the update!
Any idea when we can expect to hear what took place at yesterday's scheduled hearing?
On page 4 of the Sept AARP Bulletin, there is an article entitled "STATINS MAY HELP THOSE OVER 75". Previous thought was that there was little evidence that statins were of any benefit to those over 75 who haven't already had heart problems.
However, a study by "researchers from Brigham and Women's Hospital and the VA Boston Health System studied health data of over 300,000 veterans found that the risk of dying from any cause after 75 was lower by 25 percent among those who were taking the statins."
From lead study author, Ariela Orkaby, "Statins reduce inflammation, which is a major pathway to just about every chronic medical condition, such as cardiovascular disease. Where there's inflammation, there's greater risk of death".
Jonnie has been saying this in his patents and patent applications for over a dozen years, but no one wants to hear it from him. Perhaps, if MYMD-1 is successful in showing that it can impact the progression of Hashimoto's Thyroiditis, the medical industry will be forced to take notice!
As we approach the 4th anniverssary of RCPI's filing for Chapter 7 Bankruptcy, we see the trading in RCPIQ at a near halt. Hopefully that means that MYMD Pharma has reached an inflection point in its drug application status with the FDA.
Unfortunately we will never know anything until MYMD Pharma comes out from behind the curtain!
Looks like the bidders are going to close the week with the rcpiq price on the downside even though a lot of shares traded in the mid 30's today!
Looks like the buyers are getting increasingly aggressive!
In view of the fact that there have been numerous reports that smokers appear to be underrepresented in hospitol admissions for Covid 19, the most important question not being asked is, "Do the nicotinic molecules provide some protection from Covid 19 by blocking the cell surface ports on cell surfaces which Covid 19 uses to enter the cells?"
I remember thinking about that at the time, but decided he probably was concerned about the IP being ridiculed as pills for the dog!
That is no longer a problem since their nicotinic molecule is with the FDA being tested as a treatment for thyroiditis.
Looks like Jonnie has gone to the dogs as he has started a pharmaceutical company for animals.
https://www.corporationwiki.com/p/35dmff/myvet-pharmaceuticals-inc
What kind of a tug of war have we got going here, with 1.5 million shares bid at .0011 and 350k shares available at .0018! Would like to see an upward breakout!
You did not mention that Anatabloc was currently available from pickvitamin.com, which seems to be located in California. According to the label it is formulated by "Professional High-Grade Lab", and a note which came with my recent purchase said "Anatabloc is same ingredient as the Hydrapharm: Anatablok that one is much better improvement".
(Note that these folks are "english language" challenged.)
The note also specified that these tablets contain "Pure Anatabine more potent than Anatabine Citrate". We still don't know if this Anatabloc contains any Anatabine, nor do we know for sure if Anatabine has any of the benefits claimed by Jonnie in his many patents and patent applications. However, I continue to take it just in case it does.
AWSOME POST! THANKS FOR FINDING AND POSTING. If Jonnie can't find a cash rich pharmaceutical willing to sign a license to develop this Covid-19 patent application, then he won't find a pharma company for any other application, in my opinion!
The "bidder" seems to be winning this tug of war!
AERG going up without any news? Could it be that someone is buying with inside knowledge?
"Anyone holding these shares are going to lose everything."
When a stock goes bellyup one does not lose "everything", only what they have invested in that stock!
website – MyMD Pharmaceuticals, Inc.
https://mymd.com/commencement-of-phase-1-clinical-trial-studying-mymd-1/ · May 04, 2020 ?????
ON FIRE, indeed!!!!!
The purchase today of 900,000 shares @ .0006 is one the few times the bidder has reached up to purchase a significant number of shares at the asking price. May be a sign that we are reaching the end of the road of the Chapter 7, so the bidder is getting more aggressive in whatever his game is!
Value Investor
Any idea if the bidder at .0004 is the same low bidder that has been trying to acquire shares below .0010 since not long after the bankruptcy filing?
It has been my hope that MYMD has been trying to acquire as many RCPIQ shares as it can without pushing the price up.
The internet is alive with stories about nicotine being the reason that most hospitalized covid-19 patients are non-smokers. The theory is that nicotine may be minimalizing smokers' symptoms so they are recovering at home.
The other story is " don't start smoking to possibly minimalize your symptoms should you get the coronavirus" because smoking can kill you.
Those of us here know it is not the nicotine, it's Jonnies anatabine and isomyosmine!
Your post is much appreciated!