Why don't you look up the form 10 filings for the CSE Pharmather.

"Total aggregate consideration in Canadian dollars: Upfront USD$150,00 (approx. CA$200,000), possible Sales milestone of up to USD $25,000,000 (approx.CA$35,000,000), calculated on the basis of estimated potential sales that may be achieved during the term of the agreement, ongoing Profit-sharing with no cap for term."

There is no mention of them determining the royalties later. The amount has already been determined. What they don't know, is how large the sales will be. I'm sure they could have received more upfront, with less on profit sharing, but he likely took higher royalties with less upfront.

Caplin (India Based) is a 155 billion dollar company with a subsidiary Caplin Steriles here in the US. They appear to be very aggressive, and they also have outreach to many countries worldwide. Pharmather's agreement is for the US only, I'm sure other territorial deals will be forthcoming, as more foreign regulatory approvals occur.

He absolutely made the right decision. How many small pharma companies on the OTC, can or will claim a cash stream of 25 million, over the next seven years? They were looking at tons of dilution and likely years of large net losses, just to perhaps someday becoming profitable.

I don't think people realize the expense of going it alone, to manufacture and market a drug.

This will allow them the ability to focus on overseas approvals, the new ANDAs, and the patch. While offsetting those costs and expenses with the proceeds from this deal.

As soon as more details emerge about the partner and deal, we should recover, and then some.

It's ironic that you use that metaphor, because it seems that your pants and shorts have already been shucked down around your ankles.

I'm not Tenkay, but since you responded to my post, I feel like a reply is warranted.

First, I don't think anyone is trying to control you here, but you're repeated posts about a nonsensical investment strategy, has to be challenged. Many thousands of people have lost money in this dilution sewage scheme, and there are always new people coming around to dive in, only to be fleeced. People need to be made aware of this company's motives.

Secondly, you're correct about people buying lottery tickets and losing money. However, most people don't go around buying old/expired tickets, hoping they'll be able to cash them in for cash later. That's essentially what you're doing, by touting the number of your old stock certificates.

I've known many who have tried to catch a falling knife, but you're trying to catch a falling meteorite.

The news today was critical for this company, but it was also widely expected. Over the weekend I surveyed other message boards, and the messages were very bullish. Many talked about how far the stock would run up today, if the FDA approved our application. Some of the estimates being very, shall I say, "optimistic." My takeaway and thoughts were, that much of the float, was in the hands of sellers, looking to cash in, or long term holders, wanting to see how this story ends. Also, most of those interested in and knowledgeable about the stock, already had their shares and weren't talking about buying more.

The approval was a catalyst in itself, but it also unlocks several other pathways, which are not priced into the stock. Signing supplier contracts (revenue stream), partnerships, and filing new applications with the FDA for their other ketamine initiatives, are now things we can look forward to.

Finally, this is an unknown small company. News like this takes time to percolate with new investors, especially those who are risking large amounts of capital. My opinion is, at least for myself is to remain patient, and let them make the moves they need to make. After all, they achieved an FDA approval, and this is something many others have thus far, failed to accomplish.

Congratulations everyone, we got our FDA approval for Ketarx!!! I've been waiting and holding for 2 years.

I'm just sitting here thinking through the Friday halt, and thought I'd share my thoughts.

Why would a CEO initiate a halt on Friday, with a goal date the next day? We can assume he received a decision from FDA. If that's the case, why the halt? Many believe it is because he didn't want news to leak out. This doesn't add up, because this is a small group of people, and not a huge corporation, with hundreds of executives to be concerned with about spilling the beans. In fact, it is likely that he himself, was the only one privy to the information. It's possible this was done to avoid perception of insider trading, but as stated earlier, the insider class is small.

If the news was bad, (delay or denial) why halt the stock? He could have allowed the stock to trade out, and released the news after the market close, which he didn't. On the other hand, if the news is good, what better way to send a message or flare to the market and investors to stay tuned. In other words, why halt the stock, drawing attention to it, and then release disappointing news? That would make no sense.

Some might argue the CEO can't initiate a halt like that, but on the TSX he can, and the OTC has to follow suit. The authorities and exchange wouldn't be privy to a news event, and they don't halt automatically because of an upcoming goal date.

In the past CRL's and delays didn't cause a halt. In my opinion, they have their approval, and the CEO is taking his time writing and preparing his PR, and how and where it will be released.

I don't usually like to post information, that might cause someone to buy and lose money. However, this is safe situation, because we will all find out together.

Hey, it's only my thoughts and opinion.

Just asking a couple questions here. Why are you all finding information about what I assume is a class action suit, on a message board? Shouldn't the lawfirm be providing public notices, in the way of press releases, to inform the public and other shareholders who don't visit these boards?

I don't know, maybe a group of economic masochists, that really enjoy being screwed over repeatedly.

Yeah, and on pretty decent volume. People want this right now. It's been a controlled and steady climb, that's what I like seeing, (solid accumulation).

Right back at you!!!

Oh yeah, you're not alone:) I'm just waiting patiently, like I have for the last couple years. We could very well see some fireworks soon. Many things going on with this company, if they get FDA approval.

That's something to be proud of for sure. Three years ago, I went from 235 to 185, and I'm holding at just under 200. Getting it off is hard, and keeping it off is a daily challenge. Even more of a challenge when you are knocking at the door of 60 years old. ☺

Better include a jar of Vaseline with those pads.

The rule really isn't a rule at all. It's like saying that running a stop sign is illegal, but not if you do it before a cop gets there to see you do it.

I haven't been here for a while, but you know it's a bad sign, when people are asking God for help with a stock.

I tried to make that same point several months ago, and was ignored. When they start reporting earnings this year, they won't have that overlapping of numbers to show in their PR headlines.

FDA has assigned a new goal date of approval for June 4th. I've waited a long time, what's another 80 or so days.

I never mentioned the OTC. Tenkay said this wouldn't end until companies moved from the NASDAQ to the NYSE.

You said this wouldn't end until companies started moving from the NASDAQ to the NYSE. That is what I was referring to.

I'm not disagreeing with you entirely Tenkay, but why would companies move to an exchange, where they would be held to a higher regulatory standard. There seems to be a never ending supply of suckers, willing to throw money at crap like MULN.

It won't change until money gets tighter, and people start using common sense when investing. From what I've seen over the last 38 years of investing/trading, that isn't likely to happen anytime soon.

Imagine a publically traded automobile company, that puts out a PR to announce the sale of two vehicles. What's next, they announce three consecutive months of paying their water and sewer bill on time.

Turbo, strict interpretation of the rule would be, that it would reset. If it falls below 1 dollar for 30 consecutive trading days, you would have to trade at a dollar or higher for 10 consecutive trading days during the 180 probationary period.

They keep playing this increased revenue game with their headline revenue numbers, and it's disingenuous. NXPL didn't combine revenue numbers with RXMD during the first part of 2023.

With every subsequent revenue comparison with 2023, that percentage shrinks, because it becomes more of an apples to apple comparison. In 2025, they won't have that headline eye candy.

It just turns investors off, when companies use these deceptive PR tactics. Like you said, and I agree, they need to start turning a profit, and stop the OTC hype bullshit.

No, I don't hunt at all, but I like to shoot. It's a good thing for the 2 deers in my front yard last week, that I don't.:)

Wild turkeys can fly a little for short distances. Domestically raised turkeys for market are bred to be too broad across the breast and heavy to fly.

Once in the 70's, a radio station in Cinncinatti released a bunch of domesticated turkeys out of a helicopter with disastrous results. Lol

Turbo, why don't you come down to my town in Southern Illinois. They're going to give away live turkeys, by throwing them out of a helicopter.:)

They sat on the concept for a while, but eventually flushed the idea, due to their company's market undercurrents.

Staypuff, the reverse and equity raise is a distinct possibility, but taking it private wouldn't make sense. They would lose access to the equity markets, and at that point, they would have to raise money through traditional borrowing. Very hard to get a loan, when you're not showing a profit.

Nothing to do, but sit and wait. I think the fact that FDA isn't requesting further data is a positive. We'll find out soon enough. I believe if FDA wants to regulate Ketamine, they need to be willing to approve generic producers, who are doing it right, through the regulatory process.

There's a merger upcoming, and it stands to reason, there would be some new faces popping up. Most likely, they're here for a quick pop, and run.

I think the strain of the falling stock, and uncertainty of the outcome is taking it's toll. Paranoia seems to have sifted into the community.

You said you could drive 20 minutes, and be in a cornfield. I can walk one block, and be in one.:) lots of woods, creeks, lakes, and ponds. I've lived in several larger cities around the Midwest, but I always come back home. The biggest problem we have, is our young people move away, and our communities never seem to grow. On the other hand, if it grew too much, I probably wouldn't like it as well.:)

I live in Southeastern IL, about 30 miles from the IN border.

I live about 250 miles South of Turbo, and I can step out on my front porch and take a pee if I want to.:) We watch the Chicago news every weekend, to get the casualty reports. A few years ago, my county and several others, voted to have Chicago moved out of Illinois. I truly feel sorry for anyone stuck there, and can't move for various reasons.

I made it very clear, that I do not own shares in this company. Clearly, you are the the one who "doesn't read" or you have reading comprehension issues.

Flaker, I don't own any shares, but I have in the past, and I'm following the company because I'm curious about the outcome.

These people you're being condescending with, have been here following this company loyally for, in some cases, 7 or more years, While you started your profile two weeks ago. They, like me, have read the press releases and filings. There has been no information indicating why they are merging, why they reverse split, why they valued this company so low, or why they dilluted shareholders, only to hold onto cash.

Saying you want to expand existing business is the goal of every business on Earth, and is not helping to bring in new investors. These owners don't do conference calls, put out almost no press releases, and seem to live in an endless quiet period. If they gave some guidance, I would likely jump on-board, but until that happens, I view it as a blind investment.

Garrox, not looking for a fight, but I have to ask a question. What makes you believe any of the insiders/owners are billionaires? They certainly aren't conducting their business like they have that type of financial resource. I mean really, why would billionaires be playing with a small pharmacy chain, and a tech company, that nobody has heard of? Also why would billionaires be dilluting and squeezing money out of those companies for a few million dollars?

It seems to me, with a billion dollars, a person could have a more profitable and less work intensive way to obtain a return on their investments. Just my opinion.

Bear, given the fact they've already committed to the merger ratio of shares, I would think they would take the letter, and hope for a share increase after the merger. If it didn't rise enough, they could always split afterwards.

Push-down accounting is sort of like a push-up bra; you never know what you have until the final unveiling, and it's often disappointing:)