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EBIO is somewhat a new bio company. Has several drugs in its pipeline, but Vicinium is the only one in P3 for bladder cancer. Like to know what the prospect of a positive result is? The rest of the pipeline are either in P1 or pre-clinical. It has a long way to go, but at the price, it is a good speculative play imo. Any thoughts on its future growth potential as a bio co. Thanks.
I am back!
There are 20 mil OS. Only 1 mil got traded today. Someone bought at the end of the day. Cerp went to a brawl with its hand tied behind its back. It's like Michael Spinks dropped to the floor when MT threw the first punch that barely connected. He collected several $ mil. What went on in that court room that rendered CERP so defenseless to voluntary withdraw the objections /petitions is beyond my belief. Could have ended 2 months ago and would save everyone else the time and headache. What about that H/M lawsuit? How is that going to be handled now that now CERP is no longer a solvent company? So many unanswered questions and the answers may be sealed forever.
PITG, you are just assuming. Read my post over the past several days and I've been telling you I've made money off CERP time and time again when it was at $5/share. I want it to survive so the PPS can rise and I can short it again. Scheer is no CEO. He will destroy the companies even if he has a $1 bil contract. Get my drift?
ajh, whatever Scheer does in C11 will be held in check by the board and court. He can't do as he wish like the past several years. Also, let see if C11 before we go to more stuff. Hell, we may not get C11 and based on PITG changing of tune over the past several days, we may not get in any C. It should be interesting tomorrow.
I thought you said that it would be C7 and shs gets wipe out. Have you change your tune lately? What's next. No C11?
If I can tell you what will happen, I would not be here, but I am quite confident that CERP will get C11. What happens after, I don't know and will have to see it through day-to-day. GLTU.
12yp, the gang of 5 wants it both ways. No meat, C7, but meat, not enough to survive, so might as well C7. That's the mantra my friend. It cuts both ways. Also, I am learning a few things from them as I go along. I will say GLTUA, and I mean it, really.
Welcome to the Party ID. Let me introduce you to the Gang of 5. Well, I think you know who they all already, so no need for the intro. I have not read all the posts, but I am sure you will be quash just for writing those words.
Maybe we should smoke some of the pot stock just to forget about the pain CERP has caused.
Yeah, I did the same and I am still here writing the same mantra. Good to see you making your debut.
Request to 3/26 by Cereplast to court and not yet approved, but Horizon and the vultures wanted 3/20. I believe there was a post regarding a con-call between the counsels with the judge today or sometime this week.
Ajh, my friend, yes, Scheer can be all that, and that shows he is not perfect, but not trying to martyr him or make him out to be some bigger-than-life person, people like Scheer do succeed, and they make it big. Look at Steve Job (very eccentric, egocentric and unliked by many in the techies), Elon Musk (very unliked for his bold ideas and by big oil), Rupert Murdock (very unliked by his many wives and most in the TV biz and by shs for his shady dealings), and I can go on and on and on. Yes, I agree Scheer is the bulk of the problem here for CERP, but he has his reasons. He does not get up one day to say that I am going to be the dummiest and careless CEO in the world, or I'll screw all my shs so I can hold on to this company for how long now until its demise? It's like going to work and having no work to do except just to kill time to get a paycheck and watching the company dies because it can't handle its operation HR correctly. That would be the longest day of anyone's life. The vision is there, the plan is there, but the execution is so chitty. Would someone else be better than Scheer as CEO, yes, there are plenty. Unfornately, as my previous msg to PITHG, he just did not want to let go. I don't think he is blind to these facts and make all sorts of excuse to take the failure off his shoulders. Yes, there are some of that too as well. Ultimately, success or failure of a company depends on the execution of the plan laid out by management. Yes, I agree that has not been done to par, but one thing we all can agree, CERP has GOOD products and the world needs them. Whether Scheer will lead us out of this stranglehold is TBD on 3/26. I do expect that if we CERP does make it out alive, new senior management will be announced to run the operation. Also, if Horizon decides to past on the $2.8 mil and wants CERP for the assets, then that tells us something about CERP's potential. Oh, what tangle web has Scheer weaved.
Agree with you 210% there my friend. Don't know why Scheer is stubborn to this proposal for so long. There are plenty of large companies he can partner with if the IP and the R&D is so good, but it might that the way he felt, hence, he is dead (no pun intended) determine to keep it to himself. We may never know.
Bull, my communication to Lobo is so beyond your thinking. Looks like you have not read many of his positive StockTwit comments re CERP from 6 months ago, and even if you do, you seem to have lost the point of what I am trying to say. Yes, please feel free to lean in which ever direction the wind blows. LOL.
Lobo, you sounded very gun-ho about CERP on StockTwit not that long ago. What's wrong buddy? I bet that up to now, you still think CERP still have useful products the world can use. I can't say the same for management, but it is now in the hands of the court. Don't kick it while its down. Who knows, you may be surprised if it does make a comeback.
This is just my opinion.
Gonzo, thanks for msg. Everything is good. Hoping to hear more constructive comments on CERP that's for sure.
To Da MOON!!!!!!!
Just wait until after 3/20. You can thank me then, but for now, there is much work to be done for CERP. I have a good feeling the judge will give CERP a reprieve and let the case against H/M to proceed in July. With everything else presented, I believe C11 is very likely. If it is approved and the minds is cleared of cobwebs, the real work begins for Scheer. I am telling him that I will buy none of his BS anymore. It's time to put up or shut up.
RB, you'll never win with the boiler room people so don't even waste your time. At least you know that Horizon wants more than $2.8. That's enough in itself to know that CERP is worth more than the MC of just over $1 mil. Just wait until after the 20th and you'll know the result. There are many silent people who are watching but won't come out until this one has a soft landing.
Now, if Scheer and his executive staff is willing to work for another 12 months with only 50% of the pay, that may just bring more credibility to his Chapter 11 request. I urge him to do so to show his sacrifice for the good of his entire employee and for CERP as a company. Note, 6-9 months ago, everyone (perhaps Scheer himself) was saying CERP needs only $4 mil/year in rev to break even. The proposed and forward looking revenue outlook clocked it at $4.2 mil. The question is, where did all the orders come from and why was it not announce? He only had $2.6 mil all of last year (those were announced). If it is true that it will be $4.2 mil ($350K X 12),that would be a 40% revenue increase from last 2013. Can someone help me do the math again?
Same thought here. This is no longer fun and games anymore. If Freddie let this die or shares to be completely cancelled, and the 8K is just a way to excuse himself from any liability, PSC is right to say there will be class action lawsuits, and there will more than one. Despite the safe harbor and forward looking statements, Scheer has given enough information over the last several years/quarters to investors to convince them CERP is growing and will get a "tsunami" of orders. He went on Money TV to tout the company, he gave forward guidance that CERP will be cash flow positive and profitable over the last few quarters. Scheer has no choice but to be transparent from here on. Yes, the recent release of the 8K has many questions yet to be answer, and I hope the subsequent filings will help explain/answer those questions in deeper details. A few more days till 3/20. Today is a very slow trading day.
Looks like keeping value to shareholders is part of the planned package. Why issue an 8-K to shs if the shares will be canceled. An $800 mil company is ready to buy the Horizon loan a full face value. So, why is Horizon trying to run CERP to the ground. I think Horizon has an agenda here. I believe they want the company so they can run it themselves. That in itself my friends, will show the judge that Horizon has an underlining agenda. I expect PPS to rise tomorrow. This this what we all been waiting for.
I understand this piece of news is not an apple to apple comparison to CERP, but I thought it might be good to get this out just so you see the logic of the judge who presided over this case. Note, the income versus debt in real # is enormous for this company, but is really a drop in the bucket if you look at CERP's #s (if what Scheer declared in the filing is true). The judge may just reject C11 outright and said to allow CERP to proceed with the H/M case and will make his decision on the C7 pending that case, or he'll just accept C11 and throw out C11 because there is supposedly "growing" revenue stream and contracts, and that it has a financial plan to move forward, whereas, USEC does not. Again, it is not of equal comparison, but merely to demonstrate and perhaps sees through the court and the reasoning it will use to rule in on the case come 3/20th. Also, IMO, if the H/M case is to be allow to proceed (which it already has), even under Chapter 11, then if CERP wins, that gain should be credited to the shareholders who held shares prior to the R/S and C11 filing and not to the new shareholders. I will accept if every shareholders is included. This makes me think that the shares will not be cancelled even if CERP "officially" gets the approval going into C11. The chance of C7 is so small after I look at this case filed by USEC. I hope it helps, and please do give me your constructive thoughts.
http://www.bloomberg.com/news/2014-03-06/usec-judge-questions-company-s-need-for-life-support-.html?cmpid=yhoo
True, for this debacle to end and CERP to do biz as usual, all litigation and legal filings must be satisfied before that can be achieved. In essence, Scheer has to come up with the $/remedy to fix the default, preferably before the C11 filing. I think it is too late in the game for that now that he voluntarily filed for C11. Even if CERP escapes the legal problems, the damage has already been done to shareholders now he has to find a way to get out of C11 with shs intact. Not only that, its reputation and customer base have also eroded perhaps beyond repair. Don't think shs will recover. He might be buying time to take an action or he is just throwing everything out there and wait for the court to decide. Then again, why would he waste his time and pay all the legal fees, when the end would be the same. Yes, Procap and his son is in the mix, but the judge will NOT let that happen. Just adds more to the drama. I suggest those of you that have the means to get your legal high-horse ready for a class action if Scheers gets away with this clean. The legal systems have been known to take egregious action when the case is quite clear.
I stand corrected. The song is actually sung by Kenny Rogers. The closest songs for Johnny cash that best describes the situation we are is the "Ring of Fire," or "I Walk the Line." I feltlike Walking the Plank dealing with CERP and the charade. Hopefully this ship comes to shore real soon so the the sharks won't eat me alive when I do jump.
I am still here posting, so that said a lot of what I've said so far. AJH, the best defense is not allow others to take the offense. If they do, then RUN!!!!! Gosh, I love that Johnny Cash song. Know when to hold, know when to fold, know when to run. Just a little humor......
I rest my case now that I have no other witness to call except myself. Yes, I have counseled myself against from saying anything. This may go down without Scheer saying a single word to the bagholders.
Sky, if the procap deal and his son's involvement is confirmed true, then the tremor now has turned into a 9.0 earthquake. Desperation makes people do many stupid things, and I don't care how good it may be, getting financing from a company his son owns is a NO NO. The court won't play with this notion.
Please read post 62335 regarding the DIP financing and his son. IF this information is true, then the C7 against CERP is quite convincing. The judge will insinuate FS's motive re these legal maneuveurs. I guess this is not called brinksmanship but rather "blinksmanship." CERP BLINKED.
Dalamar, the judge will not let that happen now that his son is involved. It is not only a conflict-of-interest, but very nepotistic too as well. I did once use the word "incestuous" to describe the legal debacle. Yes, shs are selling as this material info about his son is divulged. I see C7 as the realistic option. It is true now that Scheer is looking out for his exit. I did mention that he will not go down without a fight. He won't let CERP go. If he does, it won't go to the vultures. In the end, he took a very desperate move. The END is near.
I hope so too. I am keeping my other 50%, and I hope you do keep your 25%. If you can afford it, let it ride, and who knows, this may be one for the ages. I tell you BULL, CERP is not your typically sub-penny/penny stock. The concept is too goo to ignore. Yes, management is terrible.
fff, I agree with you regarding CERP's selective disclosure of material information relating to lawsuits and pertinent information that could negatively affect its operation. Anyhow, we can't generalize on the lawsuit and counter-claims. As I said, both CERP and H/M can't be right. There is no such thing as almost right or almost wrong. The question is who is liable for this loan. Now, can will you say H/M counterclaim has a strong foundation, and if yes, why wait until CERP file lawsuit. Heck, if someone deprived me of my right to exercise my option which was given to me under an agreement, then I would take immediate legal action. In this case, CERP dares to take action against H/M and the court upheld the filing by denying H/M motion for dismissal. Could the court be egregiously wrong to uphold CERP's claim against H/M? I think not. I think it has merits. Now, let's wait and see what the court has to say about H/M's counterclaim. If it comes back positive for H/M, then Scheer has explaining to do, but if not positive, now, that's 2 counts against H/M. If the court rules that H/M is liable, then CERP may get a favorable ball roll. I believe the survivability of CERP depends on how it convinces the judge of to hear the H/M case out before making the final decision on the BK.
fff, in essence, H/M contends the said "bondholders agreement" was not complete/official for a reason/or it was not completed b/c CERP did not follow through its obligated duty per agreement to allow H/M to convert the loan in to stock shares. Also, they counter claim that CERP used the reason for such disallowance of stock share conversion was due to an agreement it made with IR, to which H/M contends has no material bearing between the agreement it made with CERP. They alleged CERP "breached" the contract based on its action in failing to allow the conversion.
I ask, if that's the case and sounds like H/M has an open/shut case against CERP, why could H/M not take the initial step to file the lawsuit against CERP instead, waited for CERP to file then do a counter claim.
fff, I am disputing, but rather trying to work with you for a plausible explanation of who said/did what and how would the court rule based on the evidence. Thanks for your input and dd.
Good to know. I did not invest in CERP bec of Scheer. I invested in CERP because of the product and its concept. Everyone must agree that CERP can use a better CEO at the helm, that's for sure. It's not like there's another company like CERP that's growing its market shares by leaps and bounds and CERP is not. Market adoption is slow and run across the board, but that must not be an excuse for CERP to execute. After all, Scheer touted major revenue streams qoq and yoy, but none has come to fruition. I doubt that CERP will come out and have $40 mil rev/year, but right now, lets focus on getting out of this legal mess. Maybe in 2 years time that it will. No C11 and C7 is a major event. Maybe a settlement is in place. Also, your comment stating that no one wants to do biz with a company that is filing for C11. I highly digress since that customer might not have any other option (like Mamacangura, Solo Cup, and Dorel). It does take a while to change to a different supplier since material quality testing must be proven out. I do presume that CERP sent out letter and communications to customers assuring them that CERP will remain in business to support their needs. Remember, I did say in my previous posts that C11 for CERP is not an option, and it is true based on the filing presented by SKY and Chirate. I assure you that sky, 12, zun, chirate, myself, and others are no pumpers. We just believe in CERP enough, and not blind to the facts/reality, that it will survive the onslaught for because of the prescient nature of its products and concept in modern society. It would be a great shame if CERP does go under, which again, could very well be the case if it does not execute in the coming days. Yes, I am holding on hope, and since you are holding, I believe you are doing the same.
AJH, I don't mind your doubtfulness. At this point, you should not doubt. Either you do or die with CERP. Straddling and riding the fence will bring you sleepless nights thinking what have I done. Either hold it until the end, or sell it and make no mention of it again. Once you accept the conditions, you will go easier. I agree with you the only thing that will save CERP is new orders, but the turnaround may have just begun. Remember, the case again H/M has merits and may mean $ to CERP. We don't know why C11 and C7 filing is thrown out. What's the next legal maneuver and by whom and in what form. Is AUCTION now back on the table, and if it is, is there another legal option for cerp to stop the auction again? You said the court already rejected the injunction motion already, so that option can't be used again. I am thinking there is a settlement pending. Once we are made known of the details, the contract/revenue announcement will come. I assure you there are some to announce. I just can't tell you how much or how many contracts.
aj, true, but if that same court/judge follows the same reasoning knowing CERP put up C11 to avoid auctioning since he denied the injunction meant to stave off that action, then he would have readily approved C7 to satisfy Horizon's request/demand. The action for auction and C7 is the same, except now, C7 is meant to override C11, a legal manuever. Since both C11 and C7 is thrown out, the judge/court just added the drama. would he think now that instead of declaring C7, he just denied both motion and bring this back to auction, and avoid further legal deliberation had he approved both C11 and C7? I don't think Horizon now wants to pursue auction. I think there is an agreement struck between the parties. The H/M lawsuit may not go forth and may end if all parties agreed to settle. If no C11 and no C7, shs wins in the end. IMO.
12, exactly my point since my first post on the mb. I can see C7 if M/H case has no prescient to the Horizon case, but it is the M/H case that caused the Horizon default situation, and another court already approved for it to go to trial means a lot for the survival of CERP. Now, it becomes a he said she said situation, and I do really hope what CERP has to present to the court as evidence is strong and convincing to counter H/M's denial. It sounds very incestuous, but in this legal situation, CERP and M/H CAN'T be right at the same time. If they are, then who's wrong, because that party will have to pay up. I hope Scheer is not BS'ng, but if he did, then the court would have already dismissed the case against H/M. I believe the trial is by jury and not a bench trial. CERP gets to live until then. Many things can happen between now, and then, but we now know C11 or C7 is not one of them. The process of elimination have just begun.
Let me say it for FFF. NO COMMENTS.
HL, this brings CERP now back to square one, back to the auctioning of asset stage, but I don't think Horizon wants to pursue this route any further. I believe both parties either came to an agreement to settle, or, the judge decided the H/M case needs to be heard and decided first before he makes his decision to allow/accept the filings made by both parties. It would be egregious of the court to declare C7 if CERP already had a sound case against H/M, which is attributable to the case relating to the loan default with Horizon, and duly sanctioned by another court to proceed after it reject H/M's motion for dismissal. In essence, Horizon should have sued H/M since it entered in a tri-party agreement to allow H/M purchase the loan from them, and that H/M egregiously converted the loan to shares, yet, they did not make the required payment. I believe if there was a settlement with Horizon, I guarantee you that H/M will be involved and CERP would be asked to drop the lawsuit. This is an ideal scenario, but in the end, shs would escape C11 (shares won't be cancelled, and better yet, we won't talk about C7 at ALL. If you read many of my post beginning with my 1st post, you will see that I have referenced the H/M case as the "precedent" for future dealings. I am very glad the court is exercising its legal obligation. The Horizon contract is a "moot" instrument because of the tri-party agreement for share conversion. I rest my case.
If I was the judge that listens to this case, I would look at the lawsuit CERP filed against H/M. It is what CERP alleged in the lawsuit against H/M that unjustly caused CERP to default on the loan. You see, H/M was suppose to pay Horizon due to the conversion agreement. If what CERP contended and alleged are true, then the "ironclad" contract between CERP and Horizon is a moot instrument. I don't know why Horizon did not go after H/M since they did enter into the conversion agreement and why there was no stipulation to scrap the CERP/Horizon contract if the allegations are true. Horizon knew full well going into this legal that CERP has a lawsuit against H/M and it is materially related to what Horizon contended in their lawsuit against CERP. It is H/M's failure to pay to Horizon that caused the default. For over a year, the vultures were converting the loan to shares at a very very low PPS. Now, they are forcing CERP to pay them in full with cash too. Talking about having your cake and eating it too. Sky just posted the filing that C11 and C7 are now both dismissed. We are now at square one. I would be worry if only on C11 gets dismissed, but with C7 also being the case, there will be more drama in the coming days. I am betting my money on the H/M lawsuit, and perhaps, that will be a material item that will make a difference in whether will come out of this ahead prior to coming into this legal mess or come out less financially. BTW, Scheer has yet to announce any contract/revenues. Hey, who said we can't get 2 good news on the same day/week.