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When people say 'management hasn't enriched themselves' They should think about it deeper
Current and Former, in every sense of the word
Murphy and Berecz earn a nice salary too and get to Go to work In sunny Cali. 'Not a bad place to be' said Johnny Hollister
What do you mean 'no one' has enriched themselves? I think you know but don't want to admit.
The pitching will get faster.
It is actually very sad we can't unlock the utility of UM candidates.
No insider sales? Not true, dig deeper
Lykos no salary? Not true, dig deeper
They did a lot more damage with the SB deal than just wasted time. The truth always comes out
How much will UM want to extend the MOU in july 2018?
UM candidates would be worth a lot of money with the right resources to unlock their value.
While the Schneider deal was rotting
Lykos was opening a (luxury) sunglasses store
https://www.bizjournals.com/pacific/news/2017/06/19/luxury-eyewear-retailer-opening-in-royal-hawaiian.html
They are opening one in New York soon...
Lykos was the one who did the Schneider deal?
Murphy and Co. please come clean!
What is their lead candidate? They owe UM 200k for a 5052b application and 400k if the application is successful in all of the licenses...
1.4m left to pay for Phase 1b/2b trials?
And that is not even counting expenses and fees to UM....
It is never to late to Come clean
The cover up is Always worse than the Crime
Keep digging
The answer is there
It stings reading that
Chico told me that if you are not humble stock trader, stock trading will bring humbleness to you
I just hope everyone comes clean in the next 10Q
This should read
ATTENTION:
Any individuals on this message board who have suffered losses from purchasing NMUS common stock ON or AFTER May 4th, 2017* and wish to investigate any potential recourse they may have, please contact me at f_tilt@ymail.com
Report TOS
ATTENTION:
Any individuals on this message board who have suffered losses from purchasing NMUS common stock on or before May 4th, 2017 and wish to investigate any potential recourse they may have, please contact me at f_tilt@ymail.com
CJ, for that # and name look at the address for the place of business:
https://www.ceoemail.com/s.php?id=address-603103&c=Schneider%20Brothers%20&%20Partners%20Ltd
Here is the Building
https://www.google.ca/maps/place/what+is+the+Milford+House+in+london+queen+st/@51.5183663,-0.145241,3a,75y,176.33h,90t/data=!3m4!1e1!3m2!1saJj1x064iToh7-p421QU8w!2e0!4m2!3m1!1s0x48761ad45d27fc81:0xa53e023a059c7cad?sa=X&ved=0ahUKEwj42b3TjY3XAhWj3oMKHTb6C1sQxB0IKDAA
Looks residential
All residential zoning for any unit sold in the building:
http://www.rightmove.co.uk/house-prices/W1G-9HN.html?backListLink=%2Fproperty-for-sale%2Ffind.html%3FlocationIdentifier%3DPOSTCODE%255E1267197%26minPrice%3D2000000%26maxPrice%3D2500000%26minBedrooms%3D3%26radius%3D0.5
Nice play and expensive, not an office and This is NOT a drill
No, for now I am just watching to see how this plays out. If they need to go back to Sabby, the financing will be painful
The company attempted to raise money from soon to be felons. No bueno
They had no idea probably, and it would have been difficult to figure out the whole story, but I was able to piece some of the puzzle with Google searches
That is the UK FCA
'The Financial Conduct Authority is the conduct regulator for 56,000 financial services firms and financial markets in the UK and the prudential regulator for over 18,000 of those firms. '
The PR by the company says the European Financial Conduct Authority
That is not a real thing.
'if they are unlicensed it would constitute fraud and I would think there could be criminal charges. '
You don't need a license to write a financial guarantee in Europe.
It sounds like there will be criminal charges --> https://www.abe-infoservice.fr/actualites-et-alertes/alertes/detail-dune-alerte/article/lacpr-informe-le-public-sur-les-activites-de-garantie-financiere-obligatoire-du-groupe-schneider-brothers-2.html
sorry to everyone who listened to me and lost money
the company made a mistake getting involved with SB
They might want to address this PR:
'As previously announced, an affiliate of Schneider Brothers Ltd, which is authorized and regulated by the European Financial Conduct Authority (License #755098), entered into a guaranty to the benefit of the Company that guarantees the payment of the $20,000,000 investment.'
This does not exist
Thanks for this
What was their plan here, if they were never going to pay Nemus?
In your opinion, Nemus is wasting time pursuing any litigation?
The lawyers they retained to handle SB are serious and Not a joke
When I called the SB Newport office a few weeks ago and they directed me to call the Lawyers, he sounded like he had seen a ghost when I mentioned the Nemus deal
But company hopefully leaves the litigation stuff to the pros and gets back on track after a Forgettable few months
I agree.
And if your being optimistic:
The released the news in the AM, instead of after market closed. They knew it wasn't going to go over well, but didn't hide or shy away. Most companies in Canada, large to small, would of buried it after hours
We get away from SB in terms of holding equity, since part of the reason Im holding is the people involved (good) and SB are sketchy
Look up the lawyers that are advising them. Not a Joke. The damage to the company and shareholders is Real. Would be nice to get cash through arbitration, with no dilution...
The last 10q says they Don't have enough cash to continue current operations 1 year after the date of the filing.
BK is a little extreme
I agree. 'Strategic alternatives' is also not a something people like to here.
Rough stuff for sure, FRIDAY the 13th....
But the 'doors are closing' stuff is a little extreme. Dilution is a real fear now though
If they do plan on Taking legal action,
Which it looks like, then it would of been inappropriate to complete another raise before allowing SB to default I think.
I don't know what they been doing the last 3-4 months, but I hope we see What they have been up to soon.
Well, I am not selling at these prices
But the next financing could be quite ugly/dilutive
Sabby has 7m in warrants and Preferred shares, do you really think they would Let them go BK this easily?
Thanks for restoring the posts
We may disagree on IN, but free speech shouldn't just be for Bulls
'Legal action will take time, and Nemus is practically broke'
If SB thought this and that they could push them around...NO BUENO CHICO
I wouldn't want to Be SB right now. They owe and since it's Pretty clear, I imagine you could find someone to Back you with the lawsuit.
Go for damages too
They need to Pay now or Later
If Nemus is preparing litigation against SB
Then no, they should not be saying anything publicly
Try reading the entire thing
Vitality Biopharma Inc. (OTCMKTS:VBIO) shares gained 21.21% after the legal cannabis company announced a break-through in biosynthesis technology. The company has developed a proprietary technology that can modify cannabinoids to create pharmaceuticals that have no psycho-activity.
“With our cannabinoid pharmaceutical program, we are quickly moving from ‘bench to bedside,’ so it’s important to recognize technical milestones like this one that have enabled and sped our progress. Our team first pioneered enzymatic biosynthesis methods for cannabosides and now has made their production far more efficient and scalable,” said CEO Robert Brooke.
I agree, this kind of stuff is bush league
I'd like to know Who who brokered this thing. Nemus paid a few hundred thousand shares to a firm to help advise them on raising funds awhile back. If they introduced Nemus to these guys they Should be NAMED AND SHAMED
Still feel like we have It here but feel a little bit silly. I don't think situation is reflective on the potential we have. But Nemus has limited resources and it Looks like it caught up with them Here (again)
It takes A lot to be a public company and Nemus probably went Public to early. If they are Private this sort of stuff can be kept quiet.
Holding
GLTFA
Call SB Newport Office and asked about the state of the financing and whether it closed
He told me to ask Nemus lawyers LOL
I asked about when the extension was and if they expect it to close
He said I cannot say Anything
Sounds like the Deal went South in a bigly way and the Lawyers are involved now
Too bad, someone drop the ball getting involved with These guys
I dunno
Depends on the deal. The SB deal was :
At a premium to current SP
For a Lot of money
No warrants/down round protection
So a very healthy deal, which is why market Popped the SP when it was first announced
Your guess is as good as mine as to whether What happens, and how the market perceives it
Still hoping we get an IND for NB1222 before EOY
Market looks like the financing gets done at .25
All the info you need is in the SEC filings
Deadline for the extension is tomorrow
The guarantee was exercised on July 12th, meaning beginning court proceedings to collect the funds could start on Thursday
I don't think Nemus has the funds to go after SB in court, but they do Have very Nasty lawyers and backers with Deep pockets, so who knows
I would be Short the SB deal and long a 1-2m financing
If a downward Move caused by a $2500 selloff makes your stomach turn, I would suggest avoiding investing in start up biotechs
You guys are awesome
Counting your millions
DO YOU KNOW WHO BOGART AND SCHNEIDER ARE?
GLTFA
Tell me what You think about Sabby and if it makes It harder to attract investors....
Hear anything about Schneider....clock is ticking
Vinpat said this would happen
https://www.marijuanamoment.net/fda-review-medical-claims-marijuana/
I hope you Know the jockey you picked because the Race is about to start
THIS IS NOT A DRILL
i wrote that for my friend Vinpat a Long time ago
Reminder when calculating EV and market cap
There are still preferred shares from the Series B and D financings that could be converted and should be considered when doing calculations
4.5m ---> Series B
3.8m --> Series D
11.7m --> Warrants
30.5m ---> s/o current
Total possible Shares outstanding = around 50 million
Sabby Capital is not a Joke and people should tread lightly
Joshua Berkowitz has over 3 million warrants and used to be a Soros protege....
Some very heavy hitters involved here, be careful
GLTFA
Eddy cast
We blowing out the float!
Sabby Capital has had Puts worth 4.5m for $GWPH since Q1 2015
They didn't own any GW in Q1 2017 and bought 1.5m position in Q2 2017
This Is not a Drill and you should know what you Own
No
Sabby Capital is run by Hal Mintz. Apparently, it had over 2b in AUM and its two funds specialize in biotech/pharma. It looks like they have around 900m AUM currently
I've read different things that are mostly good. I have looked for awhile for bad things, but only a Few tweets about them 'manipulating the SP' and harmful financing for small caps.