Trend, maybe it would help some but MJ is still illegal in the US. until such time its approved they would never secure any approval for an ER of any sort that contains it. likewise, it may jeopardize the FDA acceptance of the plant for manufacturing if they also have what would be considered illegal drugs in the facility.

Now with those concerns in mind, if its legal in Canada they may have some market in that end.

Doog, getting to two posts in one here, your other post you stated "your sad that you ever believed in Odidi's science and technology"

actually, I am not sad about that. I still do believe in his technology. Its his abilities as CEO, which I have issues with. LOL

And its because of that, why I still have hope. I disagree that the next would be any public offering, because I disagree that there would be another offering.

We all know how bad Odidi is, but we can count on one thing. His looking out for himself. He does not want to lose control of his company. As I have stated before I was looking forward to the next offering because it meant Boyd would be able to get control. Odidi knew that too, which is why instead of a public offering or direct, he sold to himself!

I actually feel that is why we saw the last offering the way we did rather than to maintain compliance with NASDAQ, it was to keep control. By doing so it only raised a small amount of cash. This will not keep him going much longer. so will he do another offering or will he ink a deal?

me personally, if he is trying to maintain control this will force him to finally make a deal. I just hope its with a better company that the deals he made with the Generics because there we get back to his CEO capabilities.

He should have done something about MNK and not even bothering to sell Seroquel. And PAR did us no favors by waiting a year to launch all the doses after approvals. but in the end, if he cuts a deal and we get a nice upfront payment there should be no reason we do not regain the market cap we had before adcom which now post split would be close to that $20 a share mark.

So while some of us longs are still holding shares at above $3 pre split and are given lemons, all we can do is try and make lemonade. If the new high target is just getting back to our pre adcomm market cap of $20 a share, I need to average down were I can break even or make some profits up. from this $2.70 level, that's a hefty profit.

doog, I agree there. I personally think they are still playing the games, hence why we saw the pop on no news so they could show the drop off in price after the RS. just to scare people away.

honestly, I would not be surprised to see an increase after the earnings next month. I feel Odidi must have got money from somewhere that helped hm bridge the gap from July until this recent offering he did.

we shall see. I still feel he is waiting on something. which is why we only saw the small raise of 500k last week. just to bridge the gap for something.

doog, I agree there. I personally think they are still playing the games, hence why we saw the pop on no news so they could show the drop off in price after the RS. just to scare people away.

honestly, I would not be surprised to see an increase after the earnings next month. I feel Odidi must have got money from somewhere that helped hm bridge the gap from July until this recent offering he did.

we shall see. I still feel he is waiting on something. which is why we only saw the small raise of 500k last week. just to bridge the gap for something.

wimike, I agree. so far today there is over 109k shares traded. that is equal to 1.1 million shares pre-split . and its an up day. I feel someone is accumulating. the last time we traded over 1 million shares was the day we popped from 29 cents to 43 cents. so I too was hoping to see that $4 mark. but it doesn't look like it.

doog, and why would that be bad? if we get to $20 now or $2 pre split I would be jumping for joy. If you are truly a long and believe we can hit that same mark, you should be using these days to avg down and accumulate cheap shares. thats what I have been doing.

At one time I thought we could hit $5 or possibly $7. I agree Odidi blew that. however, now if he inks a deal with Regabatin and Rexista there is no reason we should not be back to $2 or now $20 post split era. If thats the new expectation then I am doing everything I can so I make money at $20.

Angelo, True if its a nice enough upfront there would be no need to dilute further. If he got just 10 million up front, it would be close to enough to get through next year with some added revenue.

I was more or less making a point on the original poster that IF he was planning on diluting he would wait until that news was released and then dilute rather than at these levels.

That's why we hadn't seen a offering up to this point and when we did it was a personal loan from him so he could control the shares. I feel he's trying desperately to remain in control. and that's why he only did a bridging gap financing. just to get through until news comes in.

Trend, that I agree with LOL

Tilator, are you sure he can't get someone to buy any offering or is it he does not want to another one at this level if he knows he only needs a little more time?

If he knows he has news(say Rexista results and a partnership) why dilute now when he can wait a month get the price higher to say $10 a share because of a nice upfront and then dilute?

just saying there has to have been a reason we are seeing this play out this way.

Fabius, I understand emotions when a lot of people's lively hood are at stake. One see's it all the time in courtrooms or other settings where one has a lot to lose.

One needs to step back and remove themselves personally from the situation and honestly assess things and then ask is there a logical reason?

I will be the first to admit, we all can fill up an entire page of things that were done and handled wrong by the management. Things such as taking huge paychecks when the company is not profitable or taking bonuses on approvals and then failing to market them is just one example.

However, one needs to assess logically instead of emotionally the situation. Has Odidi kept the market informed of things that he could have? NO. but why is that? He knows the stock is manipulated. We all saw the massive swings after Focalin when they announced approval, rescinded approval, got it back and then lost it again. what would happen if he announced every CRL he receives? its customary and normal that companies do, however, if you know your company is just going to be shorted down the moment you do, then you start to wonder if you should annuce it, or is it better to just wait until you get approval and announce that?

Likewise, Podras. They announced when they received the patent and the stock did nothing. They announced in January they wanted to start trials in mid year and the stock did nothing. so what benefit is it to announce they started trials? we all know if they announced the trials failed and they need to tweak the formula and retest the stock would plummet.

They announced they started HAP studies and the stock didn't advance. But I bet the stock would plummet if they announced they need to retest and it will take a few more weeks. even though in the scheme of things it would mean nothing because of the litigation anyway.

That is why the company does not promote itself and the reason so many are upset is without that negative news they can't short it down further.

I read where people are saying its the end of the world because of the free fall after the RS. LOL when in reality we are just now sitting back to where we were before the split and before that Friday we saw a 36% pop on no news! Yet, people want to blame the RS for the slide in price? Its ridiculous. In reality we are just back to where we started before a pop that was manipulated.

So, As for me, I do not expect any offering to drag us down. He already got the money he needed by loaning himself. This was done calculating on his part, because he knows he would lose control if he diluted further, yet he needed to bridge a gap until whatever he is waiting for comes in.

Again, not making excuses for the man nor letting him off the hook for being a lousy CEO. Just saying things that have been happening and the lack of news, while frustrating, does not indicate the end of the world. It just means the game players will continue to short it down until that time they are caught with their pants down. which is why we saw the pop the other week. even they know they need to cover then start over.

Evenkeel, You need to update you thinking. you said he wouldn't be able to sell the company for $5 any longer.

actually as of today we start trading at $3.50 LOL. $5 is achievable.

who would have thought. All the pumping that was going on a few years back and people saying they were holding out for $20 to $50 a share. I called them idiots then and unrealistic. I guess I was wrong. we could hit $20 a share now in a few years. Its just that will only be worth $2 !

Everyone has to read adjust their thinking now and look for wilder swings. that recent pop last week going from 29 cents to 41 cents is equal from $2.90 to $4.10 ! Will we actually see pops like that now? or will the manipulation be more tamed? technically, the shorts got reduced as much as we did , so I do not see them able to do any more harm than they did previously which is maybe why we saw the pop in price last week. They knew or expected the RS was coming and needed to cover some before it took place.

Trend, and honestly I do not know where they are coming up with the 4.35 million shares? I thought after the last share swap in August when they registered the warrants as shares, I thought that prospectus put us at 49 million and some diluted. at which point we should go to around 4.9 million shares.

That statement of 4.35 million shares is going off the old float I thought. but hey, what do I know. They reissued that prospectus 4 times back in August. It got me all confused LOL

swe77, I have to disagree with you here. The RS is proportionate. so in order for the shorts to drive the price down they need to run it down to below Pre split range of below 10 cents a share.

remember, they are getting reduced as much as we are. the only reason they would be able to is if they have shares to cover their short position unless they are naked shorting. and then they still have to hope he doesn't announce anything.

I am not saying we wont continue to get shorted but they only drove us down to 23 cents before. That is equal to $2.30 post split. why didn't they drive us down to 10 cents beforehand? They didn't they actually covered some and brought the price back up.

If anything I just see us going back to the $2.50 range again the longer he does not announce anything.

Evenkeel, I'd like to know what they did for money for the past 2 months before they did this 500k financing.

They either cut costs drastically, OR got unexpected revenue from somewhere.

The recent raise of 500k is not that much if they have not cut costs. They historically spend 3 million to 3.5 a quarter!

3QE I think ended last month on August 31. so maybe we are in for some surprise when they release it in November. They are already into fiscal 4QE which now ends November 30 and they only raised another 500k?

Inquiring minds would like to know.

Wim, I agree. I have said for a long time that IPCI was being manipulated the same way. We just saw it again. the stock lost over half its value over the last month. going from 50 cent to a low of 23 cents on no negative news. Now, on no positive news we jumped up 34% in one day?

Us longs are getting double slammed. I am not sure who is worse, the present management and poor decisions or the massive manipulation that has gone unchecked.

Swe77, I hate to disillusion you but they wont get another adcomm until closer to May/June time frame next year. Once they get the test results it will be just like a new filing. that took roughly 8 months because they did not get fast track status. The last the company gave us guidance they expected to have results back by October, so assume a November refile that places us to the May/June time frame assuming the FDA isn't backed up.

The only saving grace here is nothing is stopping them from partnering Rexista, up to that point (except Odidi himself) so bringing on a partner would help propel the stock price as well as give obvious needed help to present at the next adcomm.

Angelo, That would be an awesome way to spend the money! talk about a squeeze.

heavy volume is pushing it too. something must have leaked. I agree if it comes after hours this thing should squeeze monday.

surprised the stock has not got halted yet. something is up besides the price. let the squeeze begin

Tilator, and you wonder why I say this stock is being manipulated. someone just wanted to paint the tape red by 5% by spending $25 and showing a drop in price. most people when looking at stocks only briefly look and see that down 5% and move on. Sad

Simco, Honestly I am not even sure if he has taken that large paycheck lately. I would love to know how they have made it this long on the 200k they reported back on July 11.

Historically, they have spent 1 to 1.2 million each month. Focalin payments are only quarterly. Seroquel numbers being reported have not shown any change there and they have not not reported any significant income over the last year on the same numbers. So where has any money come from to get from July 11 to now?

More importantly, with the extreme low cash reserve why hasn't he diluted and done the RS by now? When one looks at the known facts objectively, and not just blinded by past actions of Odidi or what they think of him, it tells me that something has to be up.

There is a reason he has not diluted yet to raise money. So could it be a strategic partnership? He is waiting on the negotiations maybe to conclude? I have no idea. But clearly, there is something going on or else he would have just raised money with an offering and executed the RS which he was authorized to be able to do on Aug 15th.

While it is easy to blindly bash and say he's just going to do a offering and RS, I can understand why given his past practice, BUT this time it seems to be different. WHY? That is the question. which is why I keep thinking we may be in for that surprise. Lord knows us longs need it finally.

Doog, I agree, Odidi should have partnered long ago. However, the reason I say things may be different this time is his back is against the wall.

before he would reject the offer and just dilute to raise funds saying he wont give away the drug. That time has come to an end. The next time he dilutes he is not just giving away the drug he is giving away the entire company!

lets face it if greed is his motive he is still looking out for himself and not losing control. That would force him to ink the deals he has been holding back on.

I feel the RS vote was needed as a precaution and may still happen, but that alone is nothing to really worry about. If it comes with an offering, I can not believe Boyd would walk away from his investment and let it go. He would know he could buy it up and take control.

Its like I said with the class action. I may not like it but I would rather be the bus driver and able to control it. I feel Boyd would do the same. He may not like what has happened but he wouldn't walk away from the 8 million he has already invested. he would just invest more and become the bus driver.

Odidi knows this too which is why I think he has been trying to ink something and why we have not heard of any offering before now even though he is in serious need of cash.

I'm just trying to do as always and get inside the opposite sides head to determine what they are thinking. I may be wrong. only time will tell.

Wim, I actually disagree Here with you.

Assume we get a deal on Regabatin. even if it is no up front payment but has milestone payments and they say they equal 30 to 50 million over the years. just adding in that value gets us to a $1 a share.

Remember, part of this equation has been manipulation. The shorts see an easy target. we went from 50 cents to sub 25 cents in just over a month and there was no negative news to drive it. There was just no good news to stop it.

I think if they start delivering good news we can reverse things and at least hold. knowing of course there will be strong selling pressure to take profits from these levels. but as I have pointed out even our competitors who have no approvals and no revenue have market caps of 40 to 60 million.

If we just get back to that range a 50 million market cap is $1 a share.

Wimike, I noticed the same thing. we all expect some news. at the very least the offering and RS. The fact they have not done this by this time leads me to believe they were waiting on something. Hopefully this is it!

Wimike, under normal circumstances I would agree, with this stock who knows. Just recently about a month ago, we saw a 1.2 million share day and we popped up 20% to around 53 cents. why did we pop? today we sit at half that price! Yet we had no negative news, why didn't we hold there at that 50 cent level? Clearly someone felt we were worth 50 cents a month ago. enough to purchase over a million shares. Yet on no negative news we drop and lose half that value? it makes no sense.

As long as this stock is heavily manipulated we can not say normal tells are any tell here. as unfortunate as that is.

Fabius, I hear you loud and clear. I admit my mistakes. Back in March, they had 600k left and I was probably the biggest advocate saying, I felt he was going to ink a deal rather than dilute. All the signs were there. They put out the PR saying he had offers for Regabatin to consider, they intended to sign before mid year. It only made sense to ink a deal rather than dilute. And what did he do? He diluted LOL

So, I do have caution here, however this time is different. He has less money available. He still has not diluted. He called a special meeting to be able to do a RS and 1 week later they still have not. WHY NOT? That is the question.

So while he may have got some revenue in from MNK to bridge the gap it surly was not that substantial. so they still need to raise money. likewise they still need to meet NASDAQ requirements. so why not do the RS?

The only thing I keep going back to is something is in the works. what? I have no clue but it could be a multitude of possibilities. Even inking that deal for Regabatin, even with no upfront payment, would make sense. the price would pop to maybe $1 on news of a deal. THEN he could dilute and not need to dilute such a high percentage of the company then do the RS and know he only needs a 5 to 1 rather than 10 or 15.

so that is just one possibility but make no mistake, something is up because based on what we do know, there is a reason why he has not diluted and done the RS yet.

Doog, I doubt that very much. I feel the RS, especially since it has not already been done is the backup plan to keep listed. The fact they have not made an offering, while clearly in need of cash, tells me they are waiting on something.

My guess is it could be the Regabatin deal. Based on the operational update they wanted to ink something mid year. They only had 200k since July 11. why haven't they raised funds yet? My guess is they are waiting on something.

If that falls through then I think we see the RS in order to keep listed. depending on the deal we still may see a RS. but its a good one. we could easily recover to $1 a share. that is only a 50 million market cap. our competition is higher than that.

Doog, well, I am still hoping that they do indeed partner Regabatin as they suggested. That could breath additional life into the stock and pipeline if they did. I keep wondering if that is why we have not seen them do anything yet. If they are waiting to finalize something there.

Tilator, I have no clue. I have owned this stock since 2012. they have always had between a 12 and 13 million dollar a year burn rate and I always wondered for what. The pipeline only crawled along.

wimike. I was wondering the same thing. they had 200k on July 11. they historically have been spending 1 million plus a month.

my only other comment is if monies did not come in, why couldn't they do this cost cutting years ago? LOL

Doog you keep saying that and I am not sure why? An RS changes nothing in relationship.

If you own 1% of the company pre split. say 500k shares. after a split you will still own 1% of the company. Just instead of it being expressed as 500k it would be expressed as 50k after say a 10 to 1 RS.

so I personally do not see it as a crucifixion.

Fabius, exactly my point as to it being manipulation. There has been no negative news to push the market cap down by half in 1 month. other than the fact we know they are in need of cash. so without any positive news the games continue to drive the price down in order to effect a larger percentage of the company to get diluted.

so my guess is someone is purposefully driving the price down in order to get more shares at the next offering. which means to me, they want it.

Doog, that I agree with. a public offering after the RS would be a tell that we all got hung out. If however its a direct offering then I feel this was all orchestrated.

Wim LOL true! we have not seen anything from then yet! LOL.

Tilator, I agree

Doog, I agree with you here. I fully expect to see the RS and immediate thereafter see a direct offering. However, that is where we see the change. why would someone then with a major share like 50% of the company continue to allow things to continue as they have been?

doog, the difference I would say you are missing is this;

Your comment is that Odidi failed to notfy the markets of any developments to help build confidence and promote the company. with that I agree. However, why would you think If Boyd were to buy the next direct offering he would not see that is changed?

I feel that the reason Boyd has not offered any magical turn around up to this point is calculated. He did not want too because he needed the price down in order to get a major share at low prices.

why would someone continue to buy shares on the open market and support the share price when, if they allow it to slip, they get to buy huge chunks at lower levels?

People like Boyd do walk away with a 13 million loss. Not if he still sees the potential. and as your own posts suggests the issue was not with the drugs but not promoting it to the market.

Tilator, now you are seeing what I am seeing. we are down at these depressed levels because someone wants the company. we can not control that. However, we need to capitalize on it.

once they get control will they continue to want to keep the price down? or will they want to then drive it up?

Most of us longs are so far underwater, we either take a huge loss OR we recognize what is happening and we wait and capitalize on it. what is Regabatin and Rexista worth alone? to me I see an easy and fair market cap of 60 to 80 million possibly 100 million.

So all we can do is try and get our cost average down to where we can make up the money we need at a market cap that then truly reflects our value.

How long that takes is anyone's guess, but if they were able to artificially drag the price down this far in a 6 months then why couldn't they run it back up when they want in the same amount of time?

Again, at the current market cap, its like saying the entire pipeline is worthless. All one had to do is actually read the brief and see the results of the IV abuse deterrence and see that at least Rexista was promising as far as the IV abuse went. The results of the other studies showed its the only drug that can be taken with or without food.

If someone with deep pockets wants it, why should we not? we shall soon see as the next dilutive offering is near. If it is a direct offering It is a clear sign in my opinion. If its a public one then I say the game is up. We are all bag holders.

Mopar, I agree. I personally never had any issue with what you stated. You were passing along what you were told.

It's time people start looking at who is posting illogically and merely have an agenda as they are probably short and therefore make outlandish claims. Then we had those who would constantly pump even though we saw things not moving ahead.

Lets face it, There has been numerous bad decisions made which helped land us where we are. However, the constant manipulation has not helped either. Its been the driving force of both combined which has placed us where we currently sit. But when I say we are totally undervalued where we currently sit and we are only here due to manipulation. That is not a defensive statement in support of Odidi.

for years we have sat at a market cap of 60 to 80 million with no progress in the pipeline and no income to speak of. what changed? nothing. To be sitting at 12 million market cap now is ridiculous and is more the result of manipulation rather than Odidi. Its like saying there is no value in Rexista. no value in Regabatin, no value in Podras and no value in the generics and the only value is what we can sell the machinery for.

The competitors who have no pipeline sit at market caps of 45 to 60 million! so, why then are we at 12 million? Manipulators capitalizing off Odidi's poor decisions in order to get control of the company. That is why.

Anyone else stop to wonder why Boyd or those behind UBS are buying a supposed sinking ship? because they want it! They see the value in the pipeline and where we can be if someone started making the proper decisions.

Wim, Thats why I for one am looking forward to the next offering. someone else will get control. I still have faith in the drugs. they just need the right person making deals. if they just start inking deals on some of the these we will see a reversal.