Do we know if the company still had a supply left? Is it going to be auctioned off? I wonder how long it's good for. I've been storing it in the frig and it's still good.

My understanding was that when they stopped selling it and closed the VA offices they put everything in storage. Then the two employees broke into the storage and were selling it. The company only discovered it when either they were looking for something or something about a water leak or something. I thought shortly after that the price started getting bid up and then the supply on Ebay dried up and that was it.

So has it been available on Ebay all along? I had stopped looking. Looks like one person in NY has been selling some since the beginning of the year. And someone in VA has a little bit, plus the facial cream.

Whoa, I didn't realize it was still available on Ebay. I just thought after they discovered the ex-employees were stealing it from where the company was storing it and selling it on Ebay, that was it. I wonder if this is GNC franchisees that didn't send it back. Hm, or maybe doctors offices that stopped selling it but kept what they had. Even some facial cream available.

I would have thought that any out there would have all long been gone by now.

Would he be willing to sell a bottle? I've been stretching out what I had by only taking 1 pill a day. Even just 1 mg shows some efficacy. Down to my last bottle.

I thought Mullan talked to everybody under the sun trying to find a partner. How does nobody seem to know about it?

He's still taking it? Where's he getting a supply from?

Deadline for claims was 2/2/2017. Clicking on the Claims Register link gives a page not found. Do you have to be logged in to see it?

Does he even own any shares any more?

So has anybody done this? Does anybody know the exact procedure? I did a quick look and we can get 21 day notices and stuff. We have to notify or register with the clerk or the court or something. I'll look more into it later.

Data is now one of the primary assets companies are after in an M&A, in some cases more so than the people, IP, or real estate.

In LinkedIn’s recent acquisition of Lynda.com, data was likely the biggest asset to come along with the acquisition price.

LinkedIn’s CEO Jeff Weiner made note of Lynda.com’s extensive library of premium video as a compelling reason to buy the company, meaning that LinkedIn was after Lynda.com’s data assets to augment its professional network. Out of the $1.5 billion, it’s likely that a significant portion went toward the purchase of video data assets.
http://www.information-age.com/future-data-economy-how-measure-true-value-your-data-assets-123460149/

Found some info on monetizing data and valuing it. Not sure us shareholders will ever see anything from all the research we paid for over the years.

---------------
The most valuable asset in the bitter bankruptcy feud at Caesars Entertainment Corp. isn’t the casino operator’s opulent Roman-themed resort at the heart of the Las Vegas Strip. It’s the company’s big-data customer loyalty program, valued at $1 billion by creditors.

Dr. Short has spent some time digging through the public bankruptcy proceedings of Caesars and several other firms, and made an interesting comment in regards to the value of the data versus more tangible assets (such as property):

Note that the value of the Total Rewards program exceeds that of any of the Las Vegas properties (by themselves), and is 17% of the total value of all CEOC operating assets (see table in article).
http://stevetodd.typepad.com/my_weblog/2015/07/valuation-during-bankruptcy.html

I have also discussed an example of valuation that is occurring as part of bankruptcy proceedings. The Caesar's Palace bankruptcy was chosen as a research use case partly because the data assets are being valued more highly than the real estate assets. One of the key insights from this bankruptcy is the lack of standardized data valuation processes.

In this post I'd like to take a look at another valuation area: data monetization. Bill Schmarzo argues quite persuasively that a more accurate title for the role of Chief Data Officer (CDO) would be Chief Data Monetization Officer (CDMO). One of the more important aspects of this role is the responsibility to leverage data assets as a means of generating additional revenue sources.

Dr. Short has been researching data monetization use cases and one of the more interesting examples is the case of 23andMe and Genentech. Consider the following statement taken from a Forbes article:

"According to sources close to the deal, 23andMe is receiving an upfront payment from Genentech of $10 million, with further milestones of as much as $50 million. The deal is the first of ten 23andMe says it has signed with large pharmaceutical and biotech companies."

The data assets owned by 23andMe were generated by selling DNA kits to customers for roughly $99 per kit. As of early 2015 the Forbes article asserted that 800,000 such kits had been sold, resulting in roughly 79.2 million dollars in revenue. Each customer has the ability to grant 23andMe the right to use the data for research purposes. By granting Genentech access to these data sets, 23andMe has opened the door for a potential 60 million dollars of additional revenue (without selling another DNA kit).

This use case raises several question about valuation:

Are there economic algorithms which can predict the potential future value of such data?
Is 23AndMe receiving fair market value for the data?
How did they arrive at the $10 million down payment and potential $60 maximum?
Does 23andMe have a sales department that markets their data?
http://stevetodd.typepad.com/my_weblog/2015/07/valuation-and-data-monetization.html

Don't see how Mullan wouldn't be using the data he's acquired over the years. He was one of the first ones doing the research on it. Remember the MS mice studies he did among many he has done.

Where all the research data is now and how you would monetize it, I don't know. I would love to have access to it and get to rummage through it. I'll see if I can figure out how to contact the trustee and see about buying it.

I still don't understand what this RCP Development is. What was it? What's it owe $51 million for? I knew about Star Tobacco but thought they had shut it down years ago.

There is all the research data out there that us shareholders could never find anything out about. What has happened to it? Is it stored some where in file cabinets or on computer hard drives? Is it organized? Does anybody even know about it? Can I buy the file cabinets and anything in them? How about their old computers?

Weren't they renting office space from Roskamp? Something tells me that file cabinets and computers have quietly gone over to Roskamp and don't exist.

They at one time had a research office in Massachusetts. What research did they do there and what happened to that data?

Even research that didn't pan out can be valuable to the right person. Tells you what doesn't work. Or maybe you can relook at their data and see where they went wrong.

Hm, not sure where research data falls. Trade secrets?

Intellectual property generally includes the following: (a) patent rights, (b) copyright rights, (c) trademark and servicemark rights, and (d) trade secrets.

Somebody is buying today and running the price up. I'm not going to chase it. If I could have gotten them sub .001 I would have picked up 50-100 million shares and taken control of the company.

I got busy over the holidays and wasn't paying attention, and there wasn't any info. At least not any that you didn't have to go digging for. Might have still been able to get a bunch in Jan while people were waiting 30 days for tax loss selling. Somebody the last couple of weeks has started to buy. Price is going up. Anybody dumping it is long since gone.

I've been a shareholder since 2005. Long before there was any Anatabine. I know the long history of RCPI/Star. I was keeping an eye on the Yahoo board, but after the bankruptcy, everybody pretty much disappeared and there was no more info. Then a few weeks back Yahoo nuked the board. No more. And once you file a Chp 7, the company ceases operations. No more SEC filings. I only showed up here looking for info.

I have extensively studied the science. I'm looking in to doing my own mice studies. Hm, you know, I hadn't considered that before. And they are already setup to do mice studies. Wow, that could be a win, win. I guess my next step is to go talk to a patent attorney.

One thing that the company has that is of value that nobody is probably considering is all the research they've done. I wonder how it is recorded. Hopefully it has been recorded some where in internal reports, papers and/or computer files. That would be part of their IP separate from the patents. I wonder if you could just bid on that. I wonder if it is organized in some fashion, or maybe just lost to history.

I would love to have info just as basic as what is the cost of manufacture. Or the info on the deal we had with GNC. There is a lot of info there that is valuable to the right person, that is worthless to most anybody else.

Who are the big shareholders? The creditors at least for RCPI knew what was going on going in. I assume that is just the note holders and the $21 million.

What I don't get is what is RCP Development and what is this $51 million it owes. And I thought Star Tobacco was long gone. What is the $12 million it owes.

Here's some info from the SEC, https://www.sec.gov/investor/pubs/bankrupt.htm

Apparently the company and it's subsidiaries each file as in the 8-K there were 3 case numbers. And it appears just a subsidiary can file and go out of business leaving the main entity.

So who are the big shareholders if any?

Looking through SEC filings, what the heck is RCP Development and why's it owe $51 million? There is still a Star Tobacco? What's the $12 million it owes? What are the $482,000 assets?


Rock Creek Pharmaceuticals, Inc., together with its two wholly owned subsidiaries – RCP Development, Inc. and Star Tobacco, Inc. filed voluntary petitions under Chapter 7 of the United States Bankruptcy Code in the District of Delaware on September 27, 2016.

The case numbers are 16-12120, 16-12121 and 16-12123, respectively.

Rock Creek Pharmaceuticals, Inc. reported total assets of $35,139.15 and total liabilities of $21,300,999.35. RCP Development, Inc. reported total assets of $31,308.57 and total liabilities of $51,956,693.87 and Star Tobacco, Inc. reported total assets of $482,289.25 and total liabilities of $12,253,700.31.

Nobody is selling. I'm 3-4 weeks late. I want to acquire lots of shares, not run the price up. If I had been paying attention I would have been sitting on the bid back in Nov-Jan sucking up everything I could have got my hands on in the sub .001 range.

I was still now and then checking the Yahoo board looking for info, and there was none. Finally came over here to try and find info. Success.

Basically anybody connected to the company seems to have washed their hands of it. Unless they are going to try and bid on the IP. I think us shareholders and those that want to use the product would fair better if we can prevent a liquidation and convert the Chp 7 to a Chp 11. We need enough shareholders and a plan so we can convince the trustee the creditors would do better if we got the company running again.

There never was any reason they had to stop selling the product. The FDA would have had to sue them in court and win. Then they would have had a court order demanding we stop selling it. Could have even then continued selling it. FDA would have had to go back to court and find us in contempt. You'll notice nobody tried stopping it being sold on Ebay. Never had anything to do with the product. It had to do with a corrupt politician getting their guy elected governor to try and rig the 2016 elections. So yes, the evil one had already decided in 2013 she was running.

Have we ever been able to determine cost? Maybe they weren't making money on it. My plan is much more then just putting the product back on the market.

If that's true, we probably need at least about 20 million shares. I'm figuring over 10%. If I could get them at the current price I would buy them. Something tells me I can't get that many without running the price up. Wish I had been paying attention and I could have been quietly buying the last 3 months. I would have bought every share I could have got my hands on for sub .0001

Anybody have any idea what happened to John McKeon? I wonder if he would be interested in trying and take over the company. Hm, I wonder if I can find his contact info. I could probably use his expertise.

Found this from an old 2014 filing. I wonder if he still has any shares left. Interesting that at the time he was barred from acquiring more than 9.99%.

John J. McKeon, as President and Director of By Grace Foundation Corp., and Robert B. Gould, as Secretary, Treasurer and Director of By Grace Foundation Corp., share voting and investment power over these securities. Represents 200,000 shares of common stock issuable upon the exercise of a warrant that will be exercisable beginning on September 12, 2014. That warrant contains a restriction that would prevent By Grace Foundation Corp. from exercising the warrant to the extent that such exercise would cause By Grace Foundation Corp. to beneficially own more than 9.99% of our issued and outstanding shares of common stock. The address for By Grace Foundation Corp. is 621 New Jersey Avenue, Point Pleasant Beach, New Jersey 08742.

So nobody has any idea how many shares are outstanding? Is there any way to find out?

Wish I had been paying attention sooner. If I had realized what was going on I would have been buying every share I could have gotten back in Nov-Jan in the .0005 to .001 range. If I could have gotten a hold of them with out running up the price I would have picked up 50-100 million shares.

If we can get enough shareholders representing at least 25-30% or preferably over 50% of the stock we could probably force a conversion to a Chp 11.

We would have to have a plan to make it profitable. I have a plan.

So is the gang from the Yahoo board still around? What about the private board? Is it still there?

It never had anything to do anatabine. It was strictly to get Terry McAuliffe elected governor of VA. Swing state. He's been intimately connected with the Clinton's since the 90's. What did he do once becoming governor? Granted 200,000 felons the right to vote. The whole thing was an attempt at rigging the 2016 elections.

What did the Supreme Court rule on McDonnell's appeal, 8-0? Basically, if there was a conviction, didn't there have to be a crime. There was no crime.

Williams and Mullan probably got told do what you are told or you are going to prison. But we didn't do anything. We didn't ask you if you did anything. We're just telling you what's going to happen if you don't play along.

Total outstanding shares? Anybody know how many shares are outstanding. Reading through the board trying to get back up to speed, it appears some of you have acquired large numbers of shares. Anybody own 5% or more? Anybody with 1 million or more? More than 5? More than 10?

If we can get control of enough shares, AND we have a plan, we can get the Chp 7 converted to a Chp 11. A Chp 7 is the company ceases operation and liquidates the assets. Chp 11 is comes up with a plan to profitably operate the company while paying creditors. I have a plan. We have to move fast though.

We're 30 days or more out. People that did tax loss selling are buying back.

Is IzofTX still around? What about the private board on Yahoo?