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CTNT infested with robots today, price is up 300% to $5.50 a share, volume is over 4X's the O/S, and they'be announced an offering for 62 cents a share that more than doubles that O/S.
Bet those who are getting stock for 62 cents a share turned those robots on and are happily shorting against their anticipated buy in.
Automated wash trading, those folks getting stock at 62 cents a share really appreciate the manipulation today.
Were the other 70 companies solicited for a bid in both the SISP and liquidation in on the collusion? How about all the creditors, who surely had ample opportunity to object, even had liens on the assets, actively watching and/or participating in the proceedings, were they in on it, too?
All of the ownership interests they had in the technology patents were sold to LCYB in the liquidation.
They shouldn't stop selling stock as long as people are buying it. Both of those companies should dump in whatever's left of the A/S and live off the proceeds as long as it lasts.
Days to cover is the short interest divided by the average daily volume.
It was only worth $4.3M because that was the highest bid in a liquidation that solicited about 80 companies for a bid.
That I don't know. They were so late getting the annual in, the quarterly is already due, but I'm not sure if the grace would be reset or how they'll account for it if the quarterly is late. Pretty sure there's an attorney letter (a completely useless document) expected with the annual as well.
Nope. All they care about is getting the reports uploaded on time. "Shady info" doesn't raise their eyebrows at all. NWGC went dark and earned their CE and expert market.
You'll believe anything that gives you comfort over the court records of the proceedings (aka - the facts).
Why haven't the secured creditors, still owed about $35M, or the unsecured creditors, still owed $30-ish million, with all their financial folks and lawyers (especially lawyers) sniffed out this "collusion" and filed against the company, its officers, maybe even the monitor, trying to get their money back from this fraud you're suggesting? Are you thinking the social media detectives figured it out, but those companies owed a lot of money (still) didn't?
Maybe those social media detectives made up the whole thing about a buyout so they could profit off of flipping the stock. Think that might be possible?
First off, they're in China. You really think they're paying attention to stinky pink social media, OTC Markets, and Nevada SOS postings?
Secondly, they didn't say they're merging their multi-billion dollar enterprise into this scammy shell. That "connection" was made by pumpers taking the mystery company with a similar name (now somewhat clarified to be a PRC LLC being run from a virtual office in Canada) and tying it to the multi-billion dollar enterprise.
You've been around the OTC long enough to know better than to believe a multi-billion dollar company went prompt stupid and merged themselves into a stinky pink shell, essentially giving equity ownership over to that shell's bagholders.
* there's about 104M shares outstanding now.
And those Q1 financials are due... when? 5/15?
But, seriously, they "acquired" an LLC. Do you really think a multi-billion dollar enterprise is going to put themselves into a Chinese LLC and a stinky pink scammy shell, handing over ownership of that enterprise to the con artist pumper shareholders? And do it from a Canadian virtual office with a CEO using a gmail clone for email?
LOL! They acquired a Chinese LLC based in Canada? Where's the multi-billion dollar company? What a scam...
Here's a clue: multi-billion dollar companies don't behave this way, merging into scammy stinky pink shells, handing over the ownership to the con artist pumpers, and dropping financial reports on a Sunday that, essentially, say nothing of their mult-billion dollar endeavors. Their address is a virtual office/shared space... the CEO is using 163.com, a gmail clone, for his email address.
This is all about the unrestricted stock issuances to Dwyer, MSC Capital Advisors, and others shown in the table on pages 5-6. They set up this little fairy tale to enrich themselves.
And that statement was true for the filing period ending 12/31/23... After that, they filed an amendment to the corporate charter with the RS included.
None of that has anything to do with Immune Pharmaceuticals, Inc, FKA IMNPQ.
Why do you torture yourself continuously with these fabricated scenarios that never come true, leading to another disappointment, another rationalization, another theory of why "next year" is going to be the year, only to have to lather, rinse, repeat all over again? You know the company is gone, all the employees are gone, the valuable assets are already sold to other companies, the remaining assets are being sold. You know it. There is no hope for the company ever coming back, and if you'd just learn that by studying US Chapter 7 bankruptcy code, accept that it means the company gets liquidated and shut down forever, you might actually get over it and end this cycle of disappointment.
So another 25M shares sold since 3/31/24....?
Not a chance. He told everyone about it way up front, those that chose to ignore it are on their own. He’s free and clear.
So what? You were talking about their offering and uplist, using it as a positive example. I advised you not to.
Any interest whatsoever in actual DD? Like, say, figuring out how the preferred shareholders, whose shares convert into 87.5%, 10%, and 2.5% of what they describe as the total company equity, are going to get to that? I mean, it sure sounds as though the common stock right now has to be wiped out for that to happen. Anybody asked the CEO about how that is going to work?
Yes, I did. Know what else? That was because he knew it was simple to do the math while distributing the RWOD shares. The RS is in the corporate charter and well advertised. Only thing left was for FINRA to process it, but since the LEAS shares were going away, he didn't need them to.
We've had this conversation before a couple times, and it always ends with this: The owners of ANEW had 100% of its equity before the RM (including the CEO who owned about 30% of it). Now, do you really believe they were going to share it with the bagholders of over 1B LEAS shares for nothing?
Dr. Sinkule has control of the vote for LEAS. He can do whatever he wants, including implementing the RS that he told everybody about over and over again and put into effect with a corporate charter amendment to the state of Wyoming. He’s going to do the math that will divide those 1.04B shares of LEAS common stock by the 2500 - 1 RS ratio, then he’s going to do more math to convert those 405k preferred shares into 40.5M common shares, then he’s going to distribute the RWOD shares on that basis. Dr. Sinkule is no dummy. He owned 30% of ANEW all by himself, and he’s not going to let the bagholders of LEAS cheat him out of his stake in his own company.
If anyone had taken the time to read through the documents published by LEAS from the point the RM happened, they’d know the intent from the outset was to RS and wipe out the old bags, then the preferred shareholders would convert and hold the vast majority of the O/S just like they held the equity in ANEW.
Offering price: $3.13 for 1 share and 1 free trading warrant.
Day before NASDAQ PPS $5.83.
Day 1 NASDAQ $2.83.
Currently $0.14
And… there was a 1-40 reverse split last year… so compared to that $5.83, it’s trading at $0.0035
That was the typical hype of an OTC pump. It later crashed from that value, then they did a RS/offering/uplist. The stock price crashed first day on NASDAQ and now sits at 15 cents even after another RS.
It says right in the S-1 that getting the drug to the point of a trial will cost over a million dollars (earlier versions had $2M). The NIH is paying the bulk of the first clinical trial, but they have to get the drug to that point.
You really should find another company to use as an example. That one screwed over the shareholders who held through that uplisting, and it has tanked 99% since. This one is losing money, and the holders of its preferred shares apparently hold all the marbles (ie - not the common shareholders) with the conversion features.
Such a fairy tale…
Here’s a clue: Thriving E commerce businesses don’t merge into scammy stinky pink shells and reward the con artist pumpers with its ownership. This is a scam.
You won’t get the S-1 cancelled, and without it the company will have to take on convertible notes, or do the RS anyway and sell stock, or be dead. They have no cash, have a $2M debt hanging over their heads, and have made zero progress since the first offering/RS/uplist failed. That first S-1 wreaked of a company looking to pile up some cash to pay themselves for a few years, and this latest version only commits to spending $2M of the $7M raised on the drug (with $2M paying debt and the rest uncommitted).
I expect they’ll claim the company misled them, but it didn’t. It was there in the documents in black and white all along, been the theme of most of my posts. I’d also said the RWOD shareholders would never go for this, and just about all of them redeemed their stock leaving only the founder’s shares and hardly any cash in the treasury. First thing WENA has to do is sell stock and raise money.
They ignored the RS the company said they were going to do from the original RM of ANEW into LEAS. It was in every document they published that they were going to do that, and for good reason, so that the folks who’d invested their money into ANEW would keep their equity position and not have to share it with the bagholders of LEAS’s failed scams. A lot of it was just the typical con artist pumping that goes on the OTC every day. No way no how can you buy a stinky pink OTC company stock and get handed a 10-100 bagger in a SPAC merger. That’s just absurd to think happens.
I’m thinking you’ll get 149 RWOD shares. You’ll have 1020 LEAS shares after the RS. The O/S with the preferred conversions will be about 41M shares, and there are 6M RWOD shares being awarded. Understand that a whole lot of people will be getting their RWOD shares at the same time, so that $7 price is very unlikely to hold, all you’re seeing traded is the paltry number of leftover shares held by the few people who didn’t redeem their shares for the $10, there wasn’t many that didn’t.
Good luck.
You need to apply the exchange rate of the RWOD shares to the post RS LEAS shares.
Edited to add: and then apply the 100:1 conversion ratio of the preferred shares. The legacy shares of LEAS will wind up with about 1% of the RWOD shares all together.
And I saw on Stocktwits someone posted a reply, allegedly from the CEO, that said the 1-2500 reverse split the company put in the corporate charter will be implemented before the exchange is done. I can dig up all the posts I made on here about that RS and suggesting that this is what they were going to do to ensure the preferred shareholders got the lion’s share of the RWOD shares, but I expect it will fall on deaf ears. Those preferred shareholders are the ones who funded ANEW making it whatever it is, the legacy shares of LEAS had nothing to do with it.
Yep. That’s the whole point of the data assembled in the sticky, even though it is dated. A couple of those companies are trading way lower right now.
They needed some liquidity so that whoever got those 150M shares unrestricted could sell them in (they appreciate all the pumping), so they tweet they’re fixin’ to get ready to move towards preparing to start thinking abut filing those financials pretty soon.
Such a scam.
And they'd want their shares registered because?
It's so they can sell them. With the RS and offering, they're selling stock at less than half the PPS it is today and diluting it by over 50%. Read the sticky and tell me if it's a smart move for someone to maintain their holdings through all that.
That's just another con artist pumper myth, that "shorty" is causing the stock price to go down when it is always profit takers and/or the company or its toxic lenders selling stock. Here's what FINRA says about short volume vs short interest for anybody that wants to understand those two terms:
https://www.finra.org/rules-guidance/notices/information-notice-051019
When was the last time it was updated? Seems to me they’ve had a few weeks to ease in those shares.
You guys did see the 150M shares move from restricted to unrestricted in the update published today, right?
The people behind the curtains of this scam are dumping stock.
You're in "nowhere land" because all these affiliations with those other companies you've dreamed up aren't real. Immune Pharmaceuticals has no affiliation with any of them. Immune Pharmaceuticals is in Chapter 7 bankruptcy proceedings. Most of the assets are already sold to other companies, and the rest will also be liquidated. Companies don't "emerge" from Chapter 7 bankruptcy, they are shut down, devoid of assets, employees, business operations. That's reality, a fact, something you don't seem to have a concept of.
Your stock is dead, nobody is going to give you cash or anything else for it. The sooner you do some actual research and understand the bankruptcy laws and outcomes, you'll be much happier. Denial is no place to be.