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Too easy to push it 20% down per day... let's hope a plan is in place.
Does Odidi know the word plan?
wim, a lot of things should be coming soon, but Odidi seems to be the king of missing...forecasts, approvals, guidance...he truly is the king
if IPCI doesn't have somthing good around the corner we could see this manipulative action accelerate in the coming days...
it will be devastating for us
Resumed -6%....there is no liquidity....this could be an issue in terms of NASDAQ compliance
a possible REAL good news would cause an epic squeeze
Trading Halted Due to Limit-up Limit Down Trading pause...
...NASDAQ will monitor this closely in the future days
Let the manipulation begin...-18%....-13%...+6%..Odidi the Genius
to see 20$ per share from a Mathematical point of view it is the same as reaching 2$ from the 0.34 as of Yesterday.
the problem is that Odidi still has a few days to deliver somthing other than bullshit-deat-spiral-financing...and he has to really prove he has somthing other than paper and reasearch.
let's pray some solid good news is announced in the next days...because if the manipulators understand he has once again nothing...they will short it like hell till the next inevitable offering.
that's my fear...nothing else announced except RS.
At that point shorters will try to use all their tools to have the price crashed below 1$ in 10 days ...and we understood during a very long periodo that Odidiot cannot remotely think a way to protect the share price from free falling.
waiting for the last possible second to announce somthing makes me think that once again they do not have a plan.
the CD just announced is only good for buying a little more time, but we have to remember that IPCI was required by the NASDAQ to show the ability to maintain equity requirements for the following 12 months.
So if they won't present something other than the RS the delisting could happen one way (price shorted below 1) or the other (equity requirement not proven to last 12 months)
Let's pray he has somthing !
Poor Odidi likely thought that his new debenture infusion would have generated some kind of share price recover.
Manipulation is still alive and kicking.
We are in the hands of a no-clue manager.
In 2 days we are due for a RS
not shown in Bloomberg as of today
My comments on the 0.5M Convertible by the Odidis:
- given the amount it is a bridge financing
- it can be converted at any time @ 0.30 giving 3.8% more of ownership
GOOD
the Odidis seems to be understanding the risk of loosing control and they are willing to put some more money into their copany. this cash should last no more than a couple of months
BAD
there is no any deal with upfront payments around the corner; maybe a deal, but the need for cash is still there
SO and SO
if there is no big deal around the corner we will very likely have the RS by friday in order to stay NASDAQ compliant ( > 1.00$ for more than 10 consecutive days)
Right ! 4 days left for the RS window !
Either Odidi is preparing a monster shorters trap
OR
more likely, he still has nothing to deliver and will go for the more classic RS+New Offering.
It is simply disgusting that since the Rexista NDA filing submission IPCI has delivered nothing, zero.
almost 2 years waiting for new ANDAs approvals, partnership, licensing agreements...whatever...tens of employees doing what ?? pills which are not sold ??
4 days and all of us will know if Odidi is for real.
It is someway surprising how the survived the last 2 months with virtually no cash on hands.
Like in a poker game I have now reached the point where I want to see my opponent cards, even if the risk of big losses is around the corner.
Wim, agreed.
The RS has to happen by 18th September, otherwise we are out of Nasdaq.
Therefore any possible substantial news should happen in the next week.
The possible offering has to materialize by 28th September
I would buy more but I see manipulation is back in town...which means nothing good around the corner.
We have just a few days left to see if Odidi is real or scam.
No more opinions, deductions, speculations...just pure facts...in the next few days.
Fingers crossed
since they have to stay compliant ( with regards to minimum price > 1.00$) for 10 consecutive days I tend to believe that they will release whatever they've got on the 17th
it could be a big news, RS + offering, whatever...
they are going to wait until the last possible seconds
maybe hoping for a dreamed ANDA approval ?
for a signature ?
or just waiting for the time to pass because they know they can't deliver anything for the coming weeks ? in that case, if the ONLY go with a RS+offering will unleash a new wave of shorts (heavy) will crash the stock..and they have to hope to last at least 10 days > 1.00.
still a few days
around 350K each
What I don't know is wether the option based compensation was converted in cash (via shares sales) or not.
Anyway given the tremendous success in 2017 they granted themself a 50% increase...even if they were paid in beans it is conceptually unacceptable...that was my point !!
Wim, from the Annual Report Form 20-F of Mar 2018, pag 66
Dr. Isa Odidi + Amina Odidi:
2017 Total compensation: 1,966,680 + 1,966,680
2016 Total compensation: 1,397,502 + 1,397,502
Major part were option based awards, but it is unacceptable
If I recall well the two Odidis in 2017 earned something close to 2mln each (I maybe mistaken but I do remember I was shocked about the numbers).
Now, if they only said...ok we suspend our salaries and benefits until we reach a CF positive status....then you magically have the equivalent of a new offering without a dilution.
Why he didn't take onboard a friendly investor to counter this emabarissing manipulation it is beyond any logic.
He just went on mute mode watching his company go from 1 to 0.25 using no more than 100k of daily dollars amount
Samsa, your analysis is logic and I share many of your reasonings.
What many of us here are fearing is the arrogance of Odidi...he could drive everything into a wall just because he wants to say the final words on everything.
Let's hope logic prevails
Good point tilator, Odidi managed to move from poor negotiating skills and low negotiating power to ZERO on both.
So we have to hope someone put him in a corner and try to convince him to do something other then raise money to pay for his family and friends salaries.
we are now quite sure monday's action was nothing else that a random walk, immediately controlled the day after and today.
18th of september is approaching and the RS alone won't prevent us from being delisted.
they need something more; either they are preparing the most surprising announcement with the perfect timing (to devastate those who have been f...ing with them over the last 2 yrs) OR we are just going streight to OTC pinksheet.
still a few days of nerves .
in the mean time enojoy the Sound of Silence
They don't realize it because of greed.
Huge salaries, benefits and bonuses granted although the company is struggling with no cash.
For them it looks like wonderland since they never limit any of those expenses for the benefit of the company.
Now our residual tiny hope is that they understand they are about to lose company control if they don't change their Alice in Wonderland attitude.
A navigated CEO would have agreed with a friendly investor to start a counter-manipulation while the manipulators are still waiting for the new offering to happen.
Drive the price up for say 7-8 consecutive days, with a small dollar amount. Once you reach say .50$ then release the decisive PR....and here comes the squeeze .
After a week another PR...and there ends the manipulation game.
Let a week pass again...and ..another PR
from the Book of the delusional investor
Let's see how solid was yesterday's action.
Would love to see a repeat...which would cause some serious concern to the big short positions.
but we know IPCI story is one of disappointments...but I am more than happy to be proved wrong.
Our only hope is this time those waiting for the offering, pushing for the offering and manipulating for the offering...
...Won't have it, remaining for the first time with the pants down
wim, Seroquel numbers are back t 800K TRX per week (last friday update)...I agree with you it is a lost train.
Focalin looks a train on a dead end (it was good at the beginning...eventhough we all remember that we had a setback here as well thanks to some FDA filing errors)
Now, what I would do is SELL all the ANDAs, approved and not yet (maybe creating an SPV to get it easily done)
+
Partner Regabatin
+
Partner OXY
+
Advance PRODRAS (with some licensing agreements)
This turnaround package, announced with different PRs in a few weeks time, will cause the stock to go back to pre-Adcomm values
...
which would demonstrate how much Odidi destroyed along the way, but it will allow the major part of us to say goodbye without any harm or even a small profit.
those who shorted and manipulated the price down have been looking for a new offering at ridicously low prices.
if there is going to be a PR, as you say wimike, it has to be something rock solid to prevent the shorters pushing it down again.
it would be great IF they finally deliver one hell of a news - without any doubt whichever perspective one takes when he looks at it ! At that point we would see a REAL short squeeze...which given the low floating could cause a dramtic spike.
but while I write these words and I think of IPCI mangement I realize I am in dreamland.
but ...for once....why not a dream which comes true ?
Let's wait for the PR after the close.
Hope this will be the end for Ocean's eleven ... Masters of scams
today is friday....after the close it would be perfect for PRing a new offering !
I don't even know what to hope for anymore...given the tremendous track record of the man I sincerely don't know
a buyout @ 0.75 would happen only if delisting is in the project of the buyer...which would be possible indeed.
we are know approaching the final wall...either we will be crashed into it OR... ???
it is quiet clear the manipulation is trying (and very likely succeeding ) to drive the price below 0.20...destination 0.15.
At that point even a takeover could become a possibility: with an offered price at say 1.05 everything would be solve...only one problem...NOBODY is willing to have Odidi in his company.
at this point we have to consider the possibility Odidiot tested the mysterious 20 opioids on himself...and we know for sure the formulas didn't work having devastating effetcs on the poor man
Somebody has to stop him...at this pace even a RS won't work...idiot
IF they are negotiating they likely (I hope) put a deadline within the deal has to be signed or not.
The timeline should have been set in such a way that IF there is a no GO, then there is still time to RS and make an offering (otherwise bye bye NASDAQ)
IF they are not negotating they are just waiting until the last possible seconds hoping for an ANDA approval, which could solve cash problems but not sure about NASDAQ listing requirements in the very short term.
IF they have nothing they are waiting until the last possible day to RS and make an offering because the shorting at that point will restart massively and with incredible violence to drive the price down again below 1 (and from 3.75 to 0.99 ...just 27 days of consecutive -5%...more or less what it has been doing over the last 2 months).
so..what the hell is going on nobody knows...unfortunately not even Odidiot
Samsa, I hope your hypothesis comes true and we hear soon about a deal announcement.
Because it is really hard to believe he decided to tell the world he just had 200K left, and then waited several weeks making the stocks furtherly crash, to finally decide to make an offering.
it would be the dumbest move one could imagine...
...but story seems to tell something very similar already happen in the past
TREND,
I agree with you that IPCI could likely release some news (if ANY) on the last possible week...
...anyway by that time the share price will likely be around 0.15$
So once again, I hoope for Odidi to understand the basic principle that TIME is money; being MUTE since the beginning of the year resulted in an outstanding -66% !!!
wim, mkt cap is ridicously low.
RS won't grant us the NASDAQ listing, not even the possible warrants conversion...
they need to demonstrate 12 months of sustainability...which ain't gonna happen unless
- they raise a big amount of money (considering the burning rate), like 10mln $ (which almost equals current mkt cap)
- they dramatically increase revenue (they need ANDAs approval TOMORROW)
- or they generate cash with divestitures, partnership and/or licensings (something we know that the masterscientist doesn't accomplish even with a gun in front of him)
I believe that with the right moves this company could reach a 100mln mkt cap (maybe with an overshooting movement); this could happen only with a new management.
That's why I am holding, hoping to see Odidi as CSO instead of the king of nowhereLand.
What drives me nuts is that he has been behaving like a con man or a completely retarded (just consider the example I posted of losing 50% mkt with an avg of 30K usd dollars per day...you gotta be either an idiot or a fraud to let it happen without an action...and this has been going on over the last 12 months at least).
In conclusion, I am here because I still hope IPCI is tremendously undervalued (but I can be wrong).
Re-pricing could happen only with a dramatic company's turnaround, and either Boyd is behind those shares being sold by Anson and UBS or Odidi will still be the king for a long time.
This will decide my future as an IPCI shareholder
the sale is dated back BEFORE june 30th.
for sure those sales were not done on the open market; given it is millions of shares we are talking about who the hell was the buyer ????
a single buyer should have filed to the SEC a purchase, so those shares have been placed into different accounts (beneficially owners); but are they referrable to a single subject ?
one other point: as of 30th of June Anson and UBS had zero shares...so they were not involved in the vote to give room the BOD for the RS.
VERY IMPORTANT !! Shareholdings as of 30th June.
pls everybody check, Bloomberg is showing UBS ans Anson are OUT !!
I also checked NASDAQ.com....the two are shown to have redecuded all the shareholdings, BEFORE june 30.
pls double check with your sources, because it looks quite important