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I don't know.
But I know that the company did not inform me/us sufficiently.
They liquidate:
https://shab.ch/#!/search/publications/detail/ea07e4c0-e37b-4217-b4a0-ad4445486451
Kempers is liquidator.
I would expect him to inform us if there is something to liquidate. And: What's about NIH?
Just checked it. It does not say, the results will be released in April, it says testing or the end of the project is April 30, 2024.
You will find that and details about it in the 10-Q from 11/20/2023 at the heading "NIH", e.g. "The Project with ULL under the NIH grant for our HIV vaccine is in its final year that will end on April 30, 2024. Mymetics has provided its commitments to this project by delivering the vaccines, which are tested in non-human primates."
I think, release could be before that date, after or even never, if Mymetics just sells that all.
By the way: Still some people seem to believe that Mymetics is not yet done completely. I always see bids for almost buying all outstanding shares (for nearly nothing).
Yes, it was another company.
Now I am waiting for the HIV results, in April, if I remember correctly.
@Atlanta1: It was just posted here.
People seem to like it, but I don't. Where are the "new, promising corporate developments"? Renting a larger lab?
Coretecs email from a few minutes ago is a cheekiness.
Coretecs email from a few minutes ago is a cheekiness.
That's the aggregate state of the precursor. I don't understand the technology, but I am pretty sure silicon is in solid state in the end product.
I like todays email from Coretec.
- They changed wording from "seeks to finalize" to "finalizes".
- The postponement seems not to be in regard of CSpace.
- And: "[...] there has been significant progress and technical milestone achievements with the Endurion program."
By it's company name or just put it in your favourite boards list.
I think this message board will remain available, but surely not accessable by means of the ticker symbol.
Now 4.3 million on bid.
New 8-K.
"[...] to effectuate the Reverse Stock Split, and such amendment was effective as of 12:01 a.m. on December 28, 2023."
While trading?
"On or about January 2, 2023, the Company is filing a Form 15 [...]"
I am disappointed with the performance of Mr. Kempers, so now I could be a bit sarcastic and praise that he is once ahead of all others.
And still I would like to know who is willing to buy 3.7 million shares a few days before going private.
I think the creditors have first right of access to the assets.
And it seems to be clear, that negotiations are going on, or are just finished. For cost reduction the company has to go private today or next week. This is already a tight timeframe.
I am curious about the outcome of Mr. Kempers "gamble". He seems to have updated, better to say, cleared and hided a bit of his linkedin account.
In a few days we will see whether we could roughly get back our investment or loose everything - I think there's almost no other option.
Just read this and wondering if there could be a relation to MYMX
https://www.otcmarkets.com/stock/BVAXF/news/BioVaxys-in-Non-Binding-Discussions-for-Major-Immunotherapeutics-Technology-Acquisition?id=424591
I suspect some people bet on a takeover tomorrow. That would explain the trading volume in recent weeks.
They changed https://www.mymetics.com/about/.
There is no "COMPANY OVERVIEW" anymore and Fleury, Stegmann, Plotkin and Ruprecht were removed.
It's not fair to us to reverse split and going private without giving all information to us. The few holders of 51% just decide while - I have to suspect that - ignoring us.
In the last few days tenth of millions of shares were traded. I don't know about the buyers (perhaps they know more), but probably most of the sellers sold with a lack of information. Therefore it has to be assumed that some possibly suffered damage.
I have several options in mind, in short a few points:
- They keep open the cancellation of going private, perhaps they just want to put some pressure on potential buyers.
- They think about going private, while selling an exchange listed and reporting company with debt could bring in a substantial amount of money (for write-offs).
- That should mean they think the patents have more value.
- But how long would they keep alive the private company holding the patents; it could be better to keep the company listed for selling it, if the patents can not be sold. That's a question of the time horizons.
Thanks for clarification, extrinsic55!
Yes, it's for sure a lottery ticket.
I think the circumstances for Mymetics are very different. In the filing I read, they stated that they contacted more than 500 companies and no one was interested.
I still don't fully understand their procedure.
Unfortunately I don't see a similarity. What's your point?
Question to those on the bid (5.6 million shares): Why do you want to buy now?
In the last three days 20.5 million shares were traded. And "traded" means, these shares were not only sold - what a surprise - but also bought by someone...
WHO recommends another malaria vaccine. Developed by Oxford University.
Mymetics cooperated with Oxford University in regard of a malaria vaccine.
Sureley another department. ;-(
(German text)
https://www.tagesschau.de/wissen/gesundheit/who-malaria-impfstoff-kinder-100.html
"90mill debt wouldn't or couldn't that be written off in some way."
It could, of course. But as long as the company has assets, these debt holders have priority.
And (I think all) of that debt is convertible. They will try to get back as much as possible. Shareholders will get the - possibly non-existent - rest.
"It's evident that its unlikely that it will ever be paid."
Is it? I don't think so. And it seems certain to me, that Mr. Kempers thinks he can get much more than 100 million for the company. Remember, he recently did put his money in the company. If he thinks that debt will never be payable, he would have destroyed his money.
Never.
I am sure he has at least one seriously interested company, but that company or companies are not willing to pay enough. Who could resent them trying to make a bargain. The problem seems to me, that there are no competing interested parties and therefore are not going to outbid each other.
Most of the shares are not in public float, probably not all shareholders would sell at that price, and one would buy a company with, what, 90 million debt that could be converted into shares.
But you can send a buyout offer to Mr. Kempers. I am wondering if he would reply.
In my opinion he is trying to win a huge gamble. If we would and could fall to less than 0.0005 I would buy a few million shares as a lotto ticket.
What a performance, Mr. Kempers. Will the loyal investors loose everything?
Another -0.0004 and MYMX will prbably be delisted.
The NT has been filed.
Surprising to me, Mr. Kempers writes: "[...] the Registrant will file its Form 10-Q no later than the fifteenth calendar day following the prescribed due date." Was there a recent change in obligations in the US, since if I remember correctly only 10-K's NT forms lead to a grace period of 15 days and 10-Q's only to 5 days?
I think the deadline was yesterday. If the 10-Q does not come before market open and no NT is published they should be in delay.
Mr. Kempers keeps us informed. A bit.
Some time ago - I didn't notice when exactly - he added to his Linkedin profile "commercial CFO". And in the last few days he added "Exits".
Since I am not a native speaker I am wondering if "Exits" is linguistic closer related to "exitus" or "(monetary) ex(c)itement". Just kidding. But shouldn't it mean to put such words in one's Linkedin profile that one is extraordinarily good in such things...
At least that shows he is still alive.
Only one sentence about Mymetics: "A collaboration with Mymetics was recently closed."
https://ml-eu.globenewswire.com/Resource/Download/d87cb8e9-ff09-48dd-a960-6283ef5fcdcb
Just noticed: On Monday the next 10-Q is due.
Mr. Kempers, lot's of people count on you.
On the one hand everyone surely knows that we can loose our investments completely.
On the other hand there are people affiliated with Mymetics which certainly know how to make money. And they will do their best to maximize the outcome, naturally for themselves firstly in the sense of getting back the company owes them and secondly for their shares. I am sure they don't only want to get the money back they lend Mymetics. They want as much as possible, and if they can reach that goal we will participate.
I very well know that things currently don't look good. But to be frank we know almost nothing. But we know that if Mymetics has something valuable the involved people don't have to give up - I am pretty sure they have enough money to just continue business and development. Since they dismissed staff they probably exclude that in the current way.
Until now nothing is decided. Perhaps the HIV vaccine is very promising and further steps have to be made which the company in it's current form can't perform.
We know the company nor parts of it or it's intellectual property has benn sold yet. But we don't know that noone is interested. Perhaps some company offered only 2 Billion but management and board means 5 Billion is the minimum.
Or the company is simply worth nothing.
10-K is out.
All fired except Mr. Kempers.
What a disappointment until now.
No 10-K until market open. There must be a reason. My guess is either shutdown or buyout.
03/28/2023, in German: https://www.laborpraxis.vogel.de/den-viren-beim-scheitern-zusehen-a-a5d678b539fd4ce50a1b782f8d3489ee/
Automatic translation:
Nothing. I suspect that's the company mentioned in the pdf-file. I think there's no connection to our Mymetics. I just was not aware of other companies with the name "Mymetics" and was surprised to read that name in connection with carbon nano materials.
Just found a company "Mymetics Holding (Cyprus) Limited". Perhaps that's the one in the pdf-file. I was not aware of other companies with that name.
Yes. Mymetics is listed under the headline "Shareholders". I don't understand this; maybe another "Mymetics" or a mistake?
What is that? (page 3, "shareholders")
https://static1.squarespace.com/static/5b98b3b9f93fd4b65efe1407/t/6401213a5ceca66490e9cf83/1677795647946/Canatu+Investment+Deck.pdf
Strange.
New 8-K available.
At least one thing seems to be sure: Mr. Kempers did not exercise his options to sell the shares until tomorrow.
Wondering how long it will take to inform us about the outcome and further steps.
And I am still surprised about the shortness of the bid process of only 16 days. Even for experts in this field it should not be a simple task to understand what Mymetics has and value that for a bid in that short time span. Perhaps Mr. Kempers talked to many potentially interested companies ahead of filing the 8-K and it already was clear who is interested really. Maybe this is just the auction. But nothing seems to be publicly available - but I did not check ebay.
It's exciting to own a such big lotto ticket which can end in a big range from 0 to unknown.