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They planned that the stock would go to 20 cents and they would have to do a 1 to 30 split? Your are kidding. To be fair they should have released good news before the reverse split.
without some good news I don't see how this share price will hold.
disappointed
I am starting to feel uncomfortable with this company for some of these reasons. Are there any papers or presentations that shine a light on this company? Dr Frost has a great history for investors but.
Pretty quiet place.
does anyone have an idea when the company will be making any milestones in the near future. It has been quiet for a long time
13% up on high volume! Anyone care to guess why?
I expect they are still going t do a revere split in order to up grade to Nasdaq. The price would have to get to around $1.00. However with additional funds they could delay and perhaps with good news the price could rise significantly and reduce the ratio.
MABVAX today did a reverse split and up-listed to Nasdaq. The r/s was 1 to 7.4 and opened at $4.85. So far the volume has been low and the price has dropped 7%. Worth watching for the next week as DR, Frost has an interest in the company.
does anyone know what is happening? Any statement time when trails should start etc? The price seems to be stuck at .45 or held there for a reason.
how might this affect the R/S action?
Sad an strange. They raise the value of the stock on promises and strengthening the Board and then then they dump it all.
Yep, I am angry too. Four years of BS. The sad part is the company did it to themselves.
Just to be clear I bought my shares over many years and none recently.
me too. But I no longer trust management. The 1000:1 split did it.
nice percentage if you are in and the volume is nice but the amount of dollars isn't significant. I will wait and see for a day.
I thought this had been resolved last fall.
I think Bruce has to come up with some very positive news very soon. Right now they are back to square one. Being transparent with stockholders would help. Regarding financials, they have been promised too many times and are long overdo.
The facts Royston remains on the Board is positive, I am OK with Bruce and like the fact the reverse split is cancelled.
I think the fact that Bruce has come back as an interim Chairman is unsettling. Both he and Ken have been around for a long time. It probably has something to do with the other Board member leaving which raises more questions.
for the record I sold all but about 20,000 shares because I simply have lost trust in management. I have no inside information. I continue to read other comments out of interest. I think a lot of material information is and has been withheld from stockholders and the r/s warrants looking into.
the retail investors may not have a controlling vote and can be neglected but can certainly can affect the PPS. Financials should be done by now since they hired a new accounting firm last October. Just one item that has raised my eyebrows. To be clear I own very little stock now.
I understand Ken and Bruce work for SH who is the major shareholder. I don't think Ken is leaving soon.
Could someone with some knowledge of the SEC give an an address or form that could be used. Thanks
I sold about 2 million shares starting a month ago. The reason was basically the 1000:1 As a stockholder I felt management has screwed me , gain. When Bruce took over I bought a lot of stock and the price went to around 3 cents. A few weeks after Bruce painted a rosy future the Bank foreclosed on Alpha and Viropro lost everything. The property , I was told, had been subject to foreclosure for a long time. All I could do was hope the company would come back. It did for awhile. I hope the company comes through for those still holding stock. I have only a few shares left. I just want to balance comments.
I had a few exchanges with Bruce some time ago but it was brief. I got in when biosimilars were being pursued and more when Bruce took over. After the Alpha loss there was not much one could do. This new identity is something I don't understand. Best of luck.
I wish you the best. I have come to know several traders on this site over the years and shared the excitement and disappointment. The 1000:1 was the deal breaker.
I agree it has been refreshing to see them gone. I feel that the current management has not served my best interest. I have sold most of my shares over the last few months. I saw three cents three times and saw them disappear and fault management. I hope those remaining will benefit in the future.
why?
It is interesting that with a new Board of reputable people, the time and money spent on litigation, recent filings, and the interest in the stock earlier this year and last fall you have to suspect there is more happening. If this is the case some news should be forthcoming soon.
I am not questioning your finding but would like to confirm you have spelled the name correctly. Thanks.
I meant "attack" to be "attract"
I have always viewed this stock as a high risk /high reward stock which it is. With the new Board members I think it will carry maybe less risk as it produces financials and attacks more investors, but remain a high reward stock. When the stock was around 3 cents I felt that was a good return but at the low end. I have held stock for 4 years.
I agree the positives outweigh the lack of information. The Board consists of very credible people who know how to make things happen. The financials are probably completed. The acquisition has happened or is pending , and perhaps there is more than one. Finally the PPS has to increase to meet stated goals.
The only question is will it be this week or next month. In what order do you think they will release information as it will be critical IMHO?
it seems they may be rethinking the 1000:1 stock split. The majority would suffer more than the rest and frankly it doesn't seem to make sense whereas the 100:1 does.
it seems 59% of the stockholders have a plan and 41% are totally in the dark except for the pending reverse split. You would think if it is good for the 59% it would be good for the 41%
I noticed that too. Waiting news.........
considering you can spend $8000 on a stock and it will not move the price at all, I don't think so.
sorry about that. We were making good money for awhile. The stock needs some good news
Remember that 60,000,000 share settlement that is about to become 60,000. Might be an unhappy camper. the 1:100 might have been ok but the 1:1000 is rubbing a lot of people the wrong way including me. On the there hand this Board has a lot of experience in stocks.