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Interesting news. I always wondered what Vazquez and Wunderlich would do with the IP. The only way to get some value from cyto now is to own a little of Sertant.
Sertant acquired Star Biologics, Inc. in April of 2015. Star owns US and international patents focused in the area of DNA technology and its biological uses ...
Acknowledged, I saw that sometime ago but someone must own the patent.
Here is some homework for you. No plasmids (old art)) needed.
http://www.google.com/patents/US20080305142
This company is on the right track imo except for two major obstacles; electroporation and plasmid technology. Electroporation is not conducive to vaccinations in the field. They also will have a problem with cold storage. Plasmids have been around for quite some time but it's old tech.
INO needs to find a way to make DNA without fermentation and another way to deliver the vaccines. If they can do that then I say the sky is the limit.
For now I see progress in some clinical trials but big roadblocks in advanced trials. There is still some time left for them to pivot before they become too wedded to the existing materials and methods currently outlined in the clinicals.
They will never make it. Still using plasmids, fermentation takes too long and is very expensive.
They'll never make it with their delivery method.
Not LW but if the technology is obsolete what does cyto have? I still have worthless paper and need something more than wishfull thinking from the posters here to have any confidence.
Is Cyto going to open a pizza shop? They have no technology. Do you really think Wonderlich and Vazques will just give it back to them. NOT
truth,I agree with your premise. My questions is: What is cygx going to do if they do get a quorum and restart the company? They have no IP or other assets.
So let me get this straight; If you don't get the vote you want, you just keep the vote open-ended until you get the result you want...I think there will be a contest on this action. Who is the election judge? Where are the vote tallies for the shareholders to review. Have the proper SEC documents been filed for a valid shareholders meeting to be held...or are some certain folks trying to steal the show.
Truth, what are they going to do with an empty debt-ridden shell? Pump and dump with no IP?
Hogger, call Simeon Vance in Reno (775-321-1601)attorney for shareholder and ask him how in the world could he order an extension for the shareholder vote. Never heard of that one before.
You probably do not understand the statute of limitations. Second, it doesn't matter what you think the IP time frames are.
A private company can do what it wants and you would never know what or how it exploits it's IP.
Maybe LW-FV's company is working with the IP with someone else, who knows. Maybe they licensed it out. In any case, I think it's safe to say that cygx is over and done with.
Courts are not inappropriate. There is also statute of limitations ascpects to court orders. I know of no challenge to the courts order by the company or shareholders. I think cygx is toast.
there was probably not enough participation for a quorum. After that fact is doesn't matter what the yea/nay votes were. The meeting wouldn't have met the legal requirments to have effect.
Start up the company with what? They lost their IP.
I think this is where the Patents are. www.starbiologics.com
Maybe the big shareholders are in bed with Christopher Plummer. BTW, who would approve such a deal without the major shareholders
They had 2.8mil in the bank.
CYTOGENIX, INC.
A DEVELOPMENT STAGE COMPANY
BALANCE SHEETS
December 31, 2006 December 31, 2005
--------------------- ---------------------
<S> <C> <C>
ASSETS
Current Assets:
Cash $ 2,854,197 $ 1,307,965
Hcow, There may be some validity to the idea of the two sides working together to make the technology work because of my investment. But for me to be totally convinced I want to see them file financial reports. Nobody has any idea how bad a shape this company is and if there is a chance of survival.
No nerve hit. You are funny.
Cobra, you should clear your comments through legal. Calling people crooks can get you into trouble.
Cobra works for cyto. Has inside info. cool.
SP5, what exactly did you ask Plumb? Did you ask if the patents were reassigned or what. Your answer will clear up our understanding of Plumbs response.
From your earlier post it seemed to me that you asked him about the patents being reassigned. If he said it's untrue that the patents were reassigned then your comment about whether to believe what you read with your own eyes on the Uspto site or not tells me he didn't know about it. "You shouldn't worry about it. Something is not right with his answer in either case.
It depends on what and how SP5 posed the question of the IP. Quotes like "don't worry" and "it's untrue" are not satifactory to me. When someone tells me "don't worry" I worry.
Plumb's response suggests nothing of the kind. Please read Sp5 post:
"spoke with Steve Plumb this a.m.. He says not to worry. He stated that the IP issue is not true and that I should stop spreading rumors. Now do I believe Steve or the USPTO website? I'll have to think long and hard about that. "
What is not true??? Need to ask SP5
No pull back. Only answered your question about possible settlement of claim. I'm not interested to pick up shares from weaker hands. And yes, I am doubtful about the future of cytogenix.
I think Moseley probably saw the writing on the walls and decided to go very far away. Maybe Lex and Cy told new advisors little white lies like: we still have a few little legal matters to clear up but it's nothing we can't handle or something like that. Who knows. Time will tell. Just speculation at this point.
Maybe they weren't told the truth. They didn't bother to tell the rest of us investors. If they weren't told the truth then I expect we will soon see a lot of people resigning their associations with cyto in the near future.
I'll bet those "certain Patents" were the essential ones.
Not too sure. First: What monetary value does cyto place on the lost patents and do they have the money to buy them back.
Second: If they don't have money to buy the patents back how much stock would they need to offer and would the new patent owners be willing to take a risk on cyto's ability to restore value in the company. The track record so far isn't good.
Third: What if Star Bio already licensed the technology and can't sell it back to cyto.
As you see, there are to many variables to determine what could happen. It is difficult to make investment or business decisions without full public disclosure, ie. SEC compliance. And at this rate SEC compliance may be a pipe dream.
Detailed PR on patents??? Can't wait...What are they going to say..The mean dog ate my homework. lol
So let me get this straight. Cy Stein is concerned about the legality of LW/FV enforcing a legal judgement yet fails to be concerned about cyto's illegal operation of a publicly traded company. Where are the financial statements? Why hasn't Stein filed 8k's detailing adverse material events such as the judgement order against the company. The investing public wants to know the facts. Where is the CEO. I never heard of shareholders having direct contact with the Chairman of the Board of a publicly traded company and giving quotable detailed information to investors. Sounds a bit odd to me.
Lot's of people do.
If the Gov't was involved with cygx don't think they would put our a press release? Or, maybe is't so super top secret that the gov't wont let them announce that they have a public grant from them. I'm sure that the case.
IDT you need to go to anger management class. Star bio is probably owned by Wunderlich and Vazquez. That wouldn't be hard to guess. Who else would they transfer the patents to? How else could they commercialize and sell interest in the technology? For all we know they probably already got investors otherwise why set up a company.
What happened Pauly, did LW steal your rose colored glasses?
Maybe some of that big money from old shareholders will fund Star Bio instead. It's a simple business equation. Risk tremendous dilution with a probable reverse split or reverse merger or take an interest with a new clean entity who know the technology. Heck, Vazquez is an inventor of the technology. Just thinking outside the box.
ITD, you are correct except one for thing. The opposite it true. The stock did make enormous gains but that was when LW & FV were in top management positions. Since they left the company the stock price as well as the company itself fell flat on it's back and hasn't raised a dime in 4 years. I'd bet on Star Biologic before Cyto...Clean slate, no debt, no SEC compliance problems and the same access to venture capital as cyto.