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You know, the more I think about it, I think they were getting bulk anatabine citrate from an overseas supplier, blending it with the other ingredients and pressing them into tablets at their facility and then packaging it. And they were in the very beginning outsourcing that to a manufacturer until they were selling enough to bring it in house. The equipment for that is no big deal. For a small scale operation, probably fit in your living room.
RCPI has been out of business for how long, and the bankruptcy finally wrapped up and the stock delisted and we still have trolls. Amazing.
So what do you think of ivermectin? In parts of Peru where they were giving it out like candy they were seeing death rates over 75% lower. Then they had an election and the new guy put a stop to that and the death rates went up. Here in the US you couldn't even say the name let alone use it. You would almost think they were purposely trying to kill people.
Why don't you get Phillip Morris to sell me what you consider to be worthless patents.
Not sure I need them thou. I found a company that makes substances using microbes. I sent them an inquiry using the contact form on their website. Hadn't heard anything. Maybe I should call them and go, hey, do you guys want some money?
Have you ever even tried it? Have you read through the patents. Oh, I wanted those patents. It works on the NFKB pathway. NFKB pathway is implicated in lots of things, like even cancer. NFKB pathway regulates the immune system. One of the things that turmeric/curcumin does is regulate the NFKB pathway. In my opinion anatabine does a better job of it. In all the research they are doing on curcumin trying to increase its bioavailability and bioefficacy they should be comparing it to anatabine.
People with hay fever found anatabine would eliminate it in 24 hrs. People with arthritis found it took 2-3 weeks to eliminate about 90% of the pain when nothing else they tried worked. People with all those inflammatory bowel diseases could get it under control in a couple of days. You could always try it and see if it works for you.
Manufacturing facility? I think they were contracting out the manufacturing of the tablets. Might have even been overseas. Not sure if they were getting bulk tablets in or if they were already packaged in bottles. Hmmmmm. Been so long. You know, there was a guy that showed up on the old Yahoo message board that claimed he worked there. I vaguely remember they were packaging the bulk tablets into bottles and then shipping them out. That facility was just located in an industrial office park and I think somebody bought the land and redeveloped it. So there is really nothing left any more.
There was the still unsold inventory stored there. In 2018 when they were selling off the IP and patents I asked the contact person for the bankruptcy trustee about it and if it was for sale. Never got an answer on that. I also looked into buying the patents. Phillip Morris was the low bidder and only bidder. I think they stole them for $234k. I wanted those patents. So I guess the unsold inventory ended up in a landfill. Depending on how much there was, I would have easily given them $20-25 a bottle.
Hydrapharm is currently making it for sale. I think they are UK based, and just contract out the manufacturing in pill form from an overseas supplier. You can buy it here, https://www.predatornutrition.com/
Predator Nutrition is showing it on back order again. So did everybody order a whole bunch or did they not make very much? I think I ordered 7 bottles. Need to look in the fridge and see what I have left. I still have one unopened bottle of the original Anatabloc. Down to my last 300 tablets. I wonder when I should open it.
So is that it? It's finally over. It appears so. Can't find a chart for it anywhere. So how long did it take from when they declared bankruptcy?
Anatabine is always good in any situation where the immune system is overreacting. Immune system works on feedback circuits and anatabine breaks it from endlessly looping back on itself and getting hung up or even spiraling out of control. One of the things covid does is cause sepsis which is a cytokine storm gone off the rails. Once it gets started you have very little time to stop it before it kills you. I know of nothing else other than anatabine. You have to break the feedback circuit. Doctors have nothing. They basically cross their fingers and pray. So if you get covid, start taking anatabine like it's candy. You're keeping your immune system from doing you in.
The other thing that happens with covid is it causes your red blood cells to clump together. When they clump together they give up their oxygen and turn white. They first start as small clumps that over time get bigger. Interestingly the clumping together does not in anyway damage the red blood cells. They simply stop working. It's why you get the low oxygen levels. It turns out that ivermectin almost instantaneously on contact causes them to unclump where upon they go back to working as if nothing had happened.
I haven't looked into long covid very much, but could it be that it is caused by the red blood cells on their own over time not unclumping after the body gets rid of covid? The other possibility is stuck feedback circuits in your immune system which can just be the luck of the draw on genetics. Normally if nothing ever "triggers" it, it may never ever effect you. Something comes along and triggers it, it may than get stuck and then you are just screwed. In that case anatabine would work great. You have to get your immune system to behave itself.
One thing with anatabine, if it doesn't seem to be working, you can always temporarily up the dose to get your immune systems attention, and then once under control, reduce it back to a maintenance dose.
Unfortunately the exchange rate has sky rocketed. Went from around 1.05 to 1.22 so even with the 10% discount, and using a creditcard that didn't charge an exchange fee, still came out to about $94 a bottle. I think before with the lower exchange rate and even using a card that charged a fee it was only about $90.
Took 3 days for it to finally take my creditcard though. On Thursday Capital One was blocking it, being an international order. Sent me an email and I clicked the link to allow it, but still wouldn't. Decided to wait a day for everything to work thru the system. Still wouldn't take it Friday. Still getting blocked for some reason. Tried it again this morning, Saturday. Went thru first try. All 3 days I was entering the exact same info. Must have entered it 10 different times. Didn't try any other cards since I wanted to use this one cause it doesn't have an exchange fee. Beats me.
So this well give me 7 bottles so far, which depending on dosing will be good for a 1.33 to 2.7 year supply. I wonder how long the 10% discount is going to run for. Keep an eye on the exchange rate and if it drops back to 1.15 before the discount ends, pick up another 2 bottles.
So can you order it direct from Hydrapharm? If you go to their website they have a shop page, https://www.hydrapharm.com/shop?page=2 It is showing 23 products but 11 of them are "out of stock". I hadn't checked but Predator Nutrition I think still has some of those out of stocks. Stange. Price is about the same. Uses paypal at the checkout. So is Hydrapharm just a small company that doesn't have the funds to keep all their products in stock? They probably have to order in large quantities to get the cost down and then front the money for it until it sells.
Has anybody researched Hydrapharm? What do we know about them? Is it mostly a virtual company? Have to have a facebook account to see their page. Last thing posted on twitter was 2014. Doesn't look to be much on their Instagram page. So what do we know about them and where are they getting it manufactured? I might consider looking into getting a tablet that you could put under your tongue manufactured. If I could do it for less then $100k, game on. Then I could be the distributor.
Wait a minute. I just started doing some math. If your cost is $50 a bottle, $100k is only 2,000 which is almost nothing. Even $1 million is only going to get you 20,000. I wonder what kind of demand there is. We have any idea on how much stock Predator Nutrition has? So if you have 23 products and have to do $1 million orders (just guessing) you would have a lot of money tied up in inventory. I could see how they would be out of stock on a lot of stuff. I wonder what Predator Nutrition considers to be "limited" stock? Hmmmmmm. Maybe I'll look into it some more in the next few months and see what I can find out.
More math. So if you got a loan for $1 million @ 8% since you are just some small fry, that would run $80k a year. If your profit is $15, would need to sell 5,333 just to pay the interest. On your remaining stock you would make $220k. Anybody know how much Amazon charges to stock and ship? Fingers crossed, $10??? So $50 manufacturing, $15 profit, $10 distribution so could sell for $75. To move 20,000 bottles a year need to sell 55 a day. If a person is doing a 2 mg maintenance dose, bottle lasts 150 days so only buying 2.43 bottles per year. If they up it to 3 mg a day, 3.65 bottles per year. So you would need between 8,230 and 5,480 customers to move your inventory in a year. Are there that many out there? If people actually knew what it is and does, easily be many more than that, but that's a big if. Have to think about this. Anybody else have manufacturing and distribution knowledge?
I only got 3 bottles to start with. You must have got 6. I missed ordering more when everything on the site was 7% off. I was going to but got busy and now it's already Black Friday. All they are giving is "free" bonus packs with a bunch of stuff I don't want. Maybe they will do another sale in a few weeks for Christmas.
So when's the original manufacturing patent expire? I should look it up. Then there was the second manufacturing patent. I don't remember if that was just a tweak to the original, or a completely new way of making it. Of course these days they are programing bacteria to make substances. I wonder if you could do that. It's a simple enough molecule. Or maybe genetically modify a plant to produce it in higher amounts. Cost has always been a factor. We never were able to figure out their cost or even if they were making a profit on what they were selling at GNC. Then the evil witch used the DOJ to take out Bob McDonnell so she could get Terry McAuiffe elected governor and try and rig the 2016 election. Rock Creek just became collateral damage. Get this, the prosecutor in that case was Jack Smith, the same Jack Smith that just got named as the special counsel for Trump. The amount of corruption is unreal.
Do we know what Johnny is up to? A few years back I read through some of the patents he's been getting but haven't heard anything more.
I do let it "dissolve" under my tongue. Doesn't work very well. Doesn't really have any taste. And it's harmless to try and get it to dissolve under your tongue or just swallow it. Seemed to work better when I first opened the bottle. Seemed to be more like a very fine powder that seemed to dissolve a bit better. The capsules may absorb just a slight amount of moisture over time. Probably should keep any unopened bottles in the frig just for good measure.
So I had kept 5 capsules of my original Hydrapharm supply as an "emergency" back up. They were just sitting in the bottle on the nightstand (should have put them in the frig) so when the new ones seemed more powdery and to dissolve better I tried those to compare. They were still good and just as I remembered. After about 3-4 weeks the new ones seem to be just like the old ones as far as dissolvability, so, so. If you try it, after 10-15 mins you can just take a swig of whatever to wash any remaining down.
Comparing the graphics on the bottles, new/old, the front of the bottle is identical, and the wording on the other parts seems the same, just rearranged a little differently. So everything seems to be the same. Why did it take so long to get back in stock? I'm going to miss my tablets once they are gone. Probably have a little over 400 left. So I take a capsule in the morning and then if I remember a tablet in the evening. Just from my experience, 2mg seems to be enough as a maintenance dose. I'm 140 lbs. 1 mg was better than nothing, but I can see now wasn't quite enough. Of course if you are "treating" something, the more the merrier within reason. I wouldn't go more than 10-12mg and work up to that only if lesser amounts don't seem to work. 6-8 mg depending on your weight should handle most things. Once under control, then you can back the dosage off to see what you need to maintain it. These recommendations are from having used anatabine for 10 yrs and extensive research.
Checked my creditcard and got hit with an almost $9 currency conversion fee. Ouch. Don't remember that last time, but it has been a few years. Do some creditcards not charge you? Doing a quick google, I should have used my Capital One card instead of Bank of America.
After I corrected and made sure the country and state were correct and then got to the screen for the creditcard, I had to enter all that info again. Even if it has it filled in United States for the country, scroll down in the list and pick it again. That's the problem it was having with taking my order.
Earlier today I got a text from DHL saying should be here Friday.
I see it's still on the front page on the Predator Nutrition website. So why did it suddenly show up again? What changed?
Oh, I see it now. Got another email from them today and scroll down and there is a small banner that says Limited Supply, then text that says:
After a TWO year delay we have EXTERMLEY LIMITED quantities of Anatablok back in stock!
But not seeing anything on the website about limited supply and it allowed me to order 3 bottles.
So the Predator Nutrition homepage has AnatabloK right there on the page near the top with a banner saying Back In Stock. Not seeing anything about limited supply any more. Could have swore they had mentioned limited supply somewhere. Did they get more in? Do we know why it finally came back?
If you are having trouble ordering, make sure it says United States (if that's where you live) in the country field. Scroll down and click it again. And make sure the state is correct. If the order goes thru you will get a confirmation page plus an email confirming it. If you don't get those, didn't go thru. Fingers crossed my order will show up in a few days.
I just got the email and immediately tried to order some. Same thing happened. The problem is something the matter with the address. That's the page it sent you back to. Even though the country might say United States, scroll down and click it again. Then go down and redo the state and make sure the rest of the address is correct.
After I did that it went right thru and puts up a confirmation page. If you don't get that page, didn't go thru. Try again. Then a few seconds after it's confirmed you should get an email with the heading Confirmation of your Order #######.
I ordered 3 bottles to get the free shipping and to test it out. I'll order some more after I try it. So what changed? Why did they finally get some in? Do we know? I was getting real low on my stash and starting to wonder what I was going to do. I've got one unopened original Anatabloc bottle and about 25% of another. Date code 6/15 but still good. I'm going to miss them when they are gone because I like to put them under my tongue. Can't really do that with the Hydrapharm since it's a pill and really doesn't "dissolve". So with the pound currently at 37 yr lows, looks like 3 bottles will be about $290.
1 mg a day (one tablet) is better than nothing, but you really need at least 2 mg preferably split about 12 hrs apart so 1 mg per 12 hrs. I'm about 140 lbs. So figure 2-3 mg a day as a "maintenance" dose. If you are treating something, then might need 3-4 or even 5-6 or more to get your immune systems attention and have it behave itself. Then once things are under control, can go to a lower dose. If we had a reliable supply and cost wasn't an issue, could just do 5-6 mg a day. I'll probably go to 1 Hydrapharm (2 mg) in the morning and then 1 original Anatabloc (1 mg) in the evening to stretch out my remaining Anatabloc.
I haven't seen him in 2 weeks and I'm kind of anxious to see how he's doing myself. After a week or 2 weeks, he seemed to think it was doing something. He was up to 6mg a day, 2mg every 8 hrs. I was going to have him up it to 9mg a day, 3mg every 8hrs to see if that helps better. 6mg to get him use to it, and then 9mg to give an extra kick to getting his immune system under control.
Here's the mouse video,
So ordered it on the 31st, shipped on the 1st and the lazy mail person on Friday, instead of coming to my door for a signature left a form saying it would be available today at the post office. Don't know why I couldn't get it on Saturday. So we'll say it took 9 days.
Firefox has a tracking protection feature to keep websites from following you around the web. If you have it turned off, the website works fine. If you turn it on, not only can you not order any products on the website, it tells you they are on back order. Doesn't matter what the product is. Really strange. Surprised a website in Europe would do such a thing considering all the privacy concerns they have over there.
They literally have two versions of their webpages. One that tracks you and works as you would expect, and one that if you block their tracking says we don't want your business, can't order and besides we're out of stock. Why would you go to the trouble to even do that?
Says it already shipped.
Is there something the matter with their website? It doesn't like Firefox? Ok, no matter what product I try to add to the cart, won't do it. It dumps to a page that loses it's formatting and the add to cart button then just refreshes that page. And if you click on the select size where it says 150 capsules it then says on back order.
Using my tablet, the site seems to work fine, but then I'm not using Firefox.
Ok, using Edge the website seems to work fine. Clicking on select size does nothing. Clicking on add to cart, adds it right to the cart. Then clicking on cart, it's in the cart and looks like you can check out.
I'm using the latest version of Firefox, 60.0.1. Apparently their website doesn't like it. Strange.
Ok, I turned off tracking protection and their website works fine. And yet you turn it back on and they won't let you order. And clicking select size says it's on back order. And it doesn't matter what product you are trying to order on their website. And yet when I had tracking protection off, and added something to the cart, then turned tracking protection back on, still in the cart. And it looks like it will let me check out, even with tracking protection back on. You sure have to wonder about a website that won't even let you order, and even tells you the products are on back order if you have tracking protection on. Shish. Doesn't exactly give you a warm fuzzy feeling. But I guess we don't have much choice, do we.
They ask for your date of birth in the sign up process? What? At least it's not required. Looks like I could have checked out with tracking protection turned on, but was having so much trouble getting the forms filled out exactly right, gave up turned it on. Hm, no longer wanted a PID # when I turned it off. And then the first creditcard I tried was getting rejected. Checking my email, CC companies fraud detection caught it. Just used a different card. The adventures of ordering from overseas. Was surprised about the tracking stuff, it's Europe.
Here's one source, Cayman Chemical, https://www.caymanchem.com/product/11001 No idea who they are, or the quality of the product, but they want $350 per 100mg. Have to inquire for bulk pricing. But what makes theirs worth $3.50 per mg when you can get it retail for 31 cents and ready to take?
Maybe because they are just doing small batches? Looks like they ship it as a liquid in an ethanol solution and it is shipped cold, in wet ice. Recommends storage at -20C and it is stable for at least 1 yr. So as you can see, pure anatabine doesn't appear to be chemically stable at room temps which is why it is sold as a salt like citrate. And for longer term storage should probably keep any anatabloc in the frig or possibly even the freezer.
And then they sell it as a tartrate at $770 per 100mg. Ships at room temp and recommends -20C storage with stable for 2 yrs or more. Here's their description.
Comments
(R,S)-Anatabine is a minor alkaloid produced in plants of the Solanaceae family, including tobacco. The detection of (R,S)-anatabine in urine is used as an indicator of tobacco use, particularly when nicotine-containing products (gum, patches, inhalers, and medications) are also being used. (R,S)-Anatabine increases nicotine self-administration and locomotor activity in rats. Of note, (R,S)-anatabine diminishes amyloid beta (Abeta) production in vitro and in vivo. (R,S)-Anatabine reduces (600 µg/ml) the transcription and protein levels of beta-secretase, lowering the amount of Abeta1-40 and Abeta1-42 in a dose dependent manner in SHSY-5Y cells. (R,S)-Anatabine also dose dependently inhibits NF-kappaB activation.
Several different ways. None easy or cheap. Otherwise "we" or somebody would have done it by now.
Probably the two easiest ways are the two patents Johnny has. If you read through them, doesn't look like something you're going to do on your kitchen table. And one thing you want to make sure of is the purity of the result. If it's not pure enough, it's not fit for human consumption.
Might be easiest to start with the industrial grade stuff and then purify it, or maybe not. I'm not a chemist so don't know.
Here's a little math for you. RCPI was selling it in 1 mg tablets. One pound has 453,592 mg in it. Predator Nutrition it looks like is selling it for converted to dollars about $93 a bottle so about 31 cents per mg. So one pound is worth about $140,600. But of course that is with it combined with a few other ingredients and packaged.
Doing a little googling, looks like a kilo (2.2 lbs) of coke goes for south of the border, hm, we'll say about $2,000 give or take and wholesales in the US for about $25,000 and retails for about $65,000. No idea how accurate these numbers are, but good enough for our use. But it looks like the "street" value of a kilo of Anatabine could be $250-300,000. Might want to tell your local drug dealer he's selling the wrong stuff. And the stuff you want isn't even illegal.
One thing us investors could never figure out, what was RCPI's cost on Anatabloc. Were they even making money selling it? Maybe that's why Mullan stopped selling it. The profit was so low as to be not worth the trouble.
It comes as a powder in a capsule, right. Have you tried putting the powder under your tongue?
Just tried ordering some Hydrapharm Anatabloc and it says it's on back order. Hmmm. Has it been on back order before?
Found some actual Anatabloc on Ebay so ordered that for a friend who I found out has MS. Hopefully it well work for them.
It's on back order at Predator Nutrition? Seems like I remember somebody mentioning it being on back order before. Does it become available again fairly quickly?
Found some actual Anatabloc on Ebay. In the dispensers instead of the bottle. I picked it up for somebody I found has MS. Hopefully it will work for them.
Have any of you bothered to read the patents? Anatabine is hard to make. Johnny patented 2 different ways to make it. You are only infringing if you use one of those ways to make it.
The stuff the chemical companies were selling wasn't food grade and had too many impurities in it for human use.
Pure anatabine isn't chemically stable for longer term storage, ie sitting in a pill bottle on the shelf so is made into a salt such as citrate.
Here's right out of one of the patents.
[23] Unless otherwise clear from context, the term "anatabine" as used herein refers collectively to anatabine, either as a racemic mixture or an enantiomer, and pharmaceutically acceptable salts of either of them. In general, salts may provide improved chemical purity, stability, solubility, and/or bioavailability relative to anatabine in its native form. Non-limiting examples of possible anatabine salts are described in P. H. Stahl et al., Handbook of Pharmaceutical Salts: Properties, Selection and Use, Weinheim/Zurich:Wiley-VCH/VHCA, 2002
What? The original was 300 1mg tablets. If they are selling 150 2mg capsules per bottle, same thing.
Can't really have "pure" anatabine. It's not stable and might even be a liquid. They turn it into a citrate which is a salt and aids in absorption. It's in all the patents that RCPI had. It's just a convenient form of it and common in nutrition products.
Forgot about this. Hm, looks like the sale has been oked, so maybe that was why the 1/12 meeting was canceled. Doesn't appear all the paperwork had been signed, or at least at the time of the filling.
Maybe the judge had to sign off on the sale, before all the other parts got signed. There was the initial sales agreement that got signed, then the judge would approve it, then afterward the other parts would get signed. I guess.
Was there a price in the sale agreement? Did it appear that the stuff in the warehouse in VA was part of the sales agreement? What are the assests listed in part 4?
I wonder what the 2/13 meeting that was canceled was about.
What do they say? Does it look like the judge signed off?
At the prices we've been seeing, I sold too soon.
I'm still not clear on whether the IP has been sold already or not. Anybody have a full copy of document 76?
What has been removed from the environment over the last 35 yrs? Second hand smoke wasn't all bad.
Since 1980, obesity levels have doubled in 73 countries across the globe and by all accounts will continue to increase. Although obesity affects a huge physical toll, bringing with it a host of other serious medical issues, including Type 2 diabetes, heart disease and stroke, there is also a fiscal toll: Around $190 billion a year is spent on weight-related medical bills, according to the American Heart Association.
The sale may or may not was going to happen on the 12th. The court was going to hear what the trustee had to say and then rule on it probably at a later date.
I don't have Pacer, but I'm puzzled on what exactly document 76 is. Was that an order granting the sale of the IP on Jan 11th, thus negating the need for the hearing? Can you read the full document? Linda is no longer talking to me.
Order (I)Authorizing the Sale of Intellectual Property Free and Clear of Liens, Claims, Encumbrances, and Other Interests and (II)Granting Related Relief (related document(s) 65) Order Signed on 1/11/2018. (Attachments: # 1 Exhibit 1) (SH) (Entered: 01/11/2018)
Another filing. There was a hearing scheduled for the 15th? I wonder what it was for and why it was rescheduled.
02/13/2018 -- 81 -- HEARING CANCELLED/RESCHEDULED. Notice of Agenda of Matters Scheduled for Hearing. Filed by George L. Miller. Hearing scheduled for 2/15/2018 at 11:00 AM at US Bankruptcy Court, 824 Market St., 6th Fl., Courtroom #3, Wilmington, Delaware. (Richenderfer, Linda)
Much ado about nothing. Just gets rid of John McKeon's claim he was owed money even though he presented no evidence.
02/12/2018 -- 80 -- Certificate of Service Regarding Order Granting Objection of George L. Miller, Chapter 7 Trustee, to Proof of Claim 22 Filed by John J. McKeon (related document(s)[79]) Filed by George L. Miller. (Richenderfer, Linda)
02/12/2018 -- 79 -- Order Granting Objection of George L. Miller, Chapter 7 Trustee, to Proof of Claim 22 Filed by John J. McKeon. (related document(s)[72]) Order Signed on 2/12/2018. (GM)
02/12/2018 -- 78 -- Certificate of No Objection Regarding Objection of George L. Miller, Chapter 7 Trustee, to Proof of Claim 22 Filed by John J. McKeon, Pursuant to 11 U.S.C. § 502 and Fed. R. Bankr. P. 3007 (related document(s)[72]) Filed by George L. Miller. (Attachments: # (1) Exhibit A) (Richenderfer, Linda)
And what did you propose they do with no money? Normally they would hire a broker to shop the patents around. They tried to find somebody that would sell them on contingency but nobody was willing to. They really have no expertise in selling patents or any idea of their worth. They're really just pencil pushers.
And as time was passing, there were fees and things that needed to be done to preserve the value of the patents. Patents have to be maintained. They aren't something that just sits on a shelf. PMI stepped in and out of their pocket paid the fees and had their lawyers do any necessary fillings.
For anybody else to get the patents they would have had to have really deep pockets and been willing to get in a bidding war with PMI. Once PMI scared off anybody else that had any interest in the patents, they didn't need to pay anything for them. They basically paid enough to cover Miller's fees and close everything down.
There wasn't any money for them to do anything other than to try and close the doors and get rid of the remains. They didn't investigate Hyrapharm in the slightest. They used that info as a reason why they had to hurry up and sell the patents to somebody that would try and preserve their value. Again, no money. Nothing they could do.
I'm not a fan of pot. It does have some anti-inflammatory properties, but in my opinion anatabine is better.
Rummaging though my accounts, those 800 shares were 20,000 that I got at $.17 (ouch) and were reverse split to 800. Lost more on those then buying and dumping over another 4 million. Looks like I had about 2.3% at the max.
This just came across the wire. Kick that stupid Phillip Morris FDA. Oh it would have been so fun to have hassled them. Didn't have that much money to waste though.
Philip Morris Dives Following FDA Ruling
12:30 PM ET, 01/25/2018 - Briefing.com
[BRIEFING.COM] The major averages haven't changed much since the last update; the S&P 500 is still up 0.2%.
Philip Morris (PM 108.61, -1.98) sold off sharply in recent action after a FDA panel ruled that the company should not be allowed to claim its iQOS electronic tobacco device poses less harm than cigarettes. PM shares were up 0.4% ahead of the news, then immediately dropped 5.5% below their flat line following the headline, and now trade lower by 1.2%.
Elsewhere, the major European bourses finished Thursday on a lower note with Germany's DAX (-0.9%) showing particular weakness.
The euro is up 0.6% against the U.S. dollar at 1.2487 after the European Central Bank decided to leave interest rates unchanged and reiterated the central bank's intention to keep net asset purchases at the new monthly pace of EUR30 billion until the end of September, or beyond, if necessary.
Ok, I'm totally out. Didn't do bad unloading over 4 million shares of a bankrupt company. Actually got the price to go up the more I dumped. Amazing if I say so myself.
I still don't know what happened at the court hearing. I assume that if it hadn't gone as planned that I would have heard something from Linda. So I assume it's over except for the judge to approve the sale. Beyond me. I'm not seeing any more fillings.
So I started dumping on the 10th and shouldn't have panicked on the 12th and dumped those at .0005 but still had almost 4 million to go. Figured .0005 was better than nothing. But then the next week bids started coming in and I was, whoa, let's trade this. Just the ones today I averaged over .00095. No idea what my average price was, but under .0015 which would have been about $6,000 and it looks like I got $3,031.20 so I didn't even lose 50% on it. And the small loss is a rounding error. Would have spent more money on lawyers objecting.
A few interesting things, Schwab, which is so stupid, won't let you put in more then 999,999 for the number of shares to trade. I'm actually now short 800 in one account and long 800 in a different one. After I got a fill on my 500,000 @ .0009 I lowered the ask on another 400,000 to .0009. And then changed another ask to everything else I had left at .001. But Schwab was showing 800 more in that account than it had. If I had clicked sell all it would have included them, but I just subed 400,000 from what they said was there. So when it filled today, I actually shorted 800 shares. And it's now showing -800 in that account. And 800 in a different account that I have no intention of spending $4.95 to get rid of. So did I some how save myself $4.95 since I'm technically flat? Schwab is so stupid.
Here's a weird thought, maybe I shorted them from myself. Sweet. I'm just going to leave them.
Bono have you been buying? Did you just pick up those 1,027.268 shares?
So Bono, did you just buy those 1,000,000 shares at .0007? There's another 500,000 @ .0009. Why don't you get those.