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Thank you again....a few more dots connected.
Thank you Dwarren
My understanding is Marshal Faulk agreed to allow RJ Daily to purchase the note for $150,000 and 2,000,000 shares of restricted stock. How would this be considered cooking the books? By what I am reading in the 8k below, it appears Mr. Faulk filed (or was in the process) a lawsuit against IMUN. Am I missing something?
https://seekingalpha.com/filing/3502960
In your opinion Dwarren, was this Marshal Falk note illegal or fraudulent in any way, and if so, why? I would appreciate any information on this. Thank you
So why have I been selling? I sold off shares a million at a time (in the red) to buy Cytocom. I am heavy Cytocom. Both will be huge, but Cytocom as has always been my opinion) will be a quicker path to money, and I (like canna) need money to help make the house payment for the next 6 months while things are put in place with Cytocom.
Whatever you all decide to do, I wish you all the best of luck. Those of you who are staying in IMUN...buy up those shares. Add to your position, and one day, after everything happens, you may see that huge pay off.
I wish you and your families a safe and wonderful holiday season
Goodbye SPARTANS
So all of you are still true believers that this stock is gold, why aren't you all buying this stock up in the millions of shares? Dwarren, you said you had millions of dollars to loan Noreen to finance her and pay the toxic debt. If it is truly a gold mine, then spend a few thousand each, and get this back up to .03-04. All of you combined can do this together. The same way the Mms drive the price down, you can all drive it back up, and gain an incredible position in this stock. I have placed my last 1,557,824 shares up between .0074 and .015. I mean gold mine guys....Cmon Dwarren, you have millions of dollars whats a few more thousand to gain this stock at cheap prices. C'mon guys I put up my all my shares....put up your money... no more talk, just buy buy buy.
Dwarren is right, dump and pump...So buy up before the pump. Don't miss out, my loss all of your gain. Check your level 2...My last 1,557,824 shares are yours to have at these rock bottom prices. No bashing, no promoting....just buy and sell. I am willing to back my views about this stock(all my remaining shares are up), it's time for the rest of you to put your money where your mouth is and buy, buy buy buy buy buy this gold mine up before the reverse. And you get all those additional voting rights!!!! You all complain about the Mms driving the stock down(and then buy when they do). well each and everyone of you buying can do the same in the opposite direction. Each and everyone of you is a retail trader. Retail traders have way more impact on stock price than MMS. Here ya go....cheap stock, instant gain, and after the pump, the reverse, the government grants, the Cytocom 10%....you are all going to be rich beyond belief and so will I with my Cytocom position....So the rest of you SPARTANS don't miss out, buy buy buy before it's too late. And don't forget, when Cytocom gets the US patent to sell in the US...all things worldwide will open up for IMUN. Once the FDA approves a drug, generally the rest of the world shortly follows....So don't miss out.....buy buy buy, get this stock back up!!!
Yes...at $5 A share after RS.
1,000,000 x .005 = $5000 cost per share.
After 1:1000 split you are left with 1000 shares. If or when the uplist happens, the share price will need to be above $5 per share to stay out of the red. Again, thats at that cost. At my cost of .0275 a share, the stock will need to hit $27.50 for my initial cost to be at the break even point.
I am screwed, but not like those whose average share price is .06, .08 and .12 basically Noreen, the board and anyone who was given or sold any protected shares at any time over the years, has used us to basically steal people's money.
Anyway, again, good luck to every, I hope you all are averaged down below a penny with you recent buy ups.
....And NOT get screwed over by Noreen.
Typo
In all honesty, Dwarren, Hopeful, LA, myself and everyone else can only speculate and do our best for our own situation. None of us really know what's happening( if they do, they either can't or won't share).
Will the RS get approved? Will we get government grants? Will the approvals finally come though in Africa with revenue generation?
Time will tell. We discuss, we debate, we share our points of view. But, the reality is without news and PR, we are all just looking at the information and forming an opinion based on that.
GLTA! Hopeful, Dwarren and everyone with IMUN shares I hope your cost is low enough that each and everyone of you see a profit one day. Wheather I agree or disagree with you, we all invested and beleived in this company together at one point. LDN is the future, and I jope all the true beleivers who invested so much get at least get something and screwed over by Noreen, the board and the big players. Good luck SPATANS and goodbye for now.
I disagree with you. I would love to have the money to buy a 1:10 warrent or preferred share, or whatever. That math is outstanding. 1:000 RS and I get to keep 100,000 shares per million while the common share holders only keep 1000? Seriously? I would take that risk everyday. Good math.
at .005 per share, that's $5000 per Million. Every million reversed I get to keep 100,000. If they uplist to $4-5 a share that just turned my $5,000 investment into $400,000-$500,000.
The math is good
Who knows.
Like Dwarren said (one of the things I whole heartedly agree with). RJ and the rest do not want to lose money. I'm sure each and every one of of those larger investors have dirt, phone recordings, email evidence etc. In this day and age, and with all the corruption and stealing....people are more paranoid and have so much technology at their disposal to protect themselves.
With that said, with Noreen's record, I am sure anyone of them could get the same agreements she did to avoid jail and turn evidence against her.
As Dwarren also pointed out, these major players have millions of unprotected common shares. If you read the 8k's some of shares were at .06, .08, .10 and some more than that.
By Dwarrens own words, he does not believe the larger shareholders would approve a 1:1000 reverse if they were going to lose mllions. But they are going to lose millions off yhe common stock. The stock they bought on the 8q's that was bought at .06 and .08 will not be out of the red until IMUN hits $60 and $80 a share. Like Dwarren also pointed out with the Marshall Falk letter...it just disappeared. So what did he get in return? No one gives a company millions to use without nothing in return, without guaranteed. I do not think Noreen, the board, or the big investors would be approving this unless there were things in place to almost certainly guarantee them not to lose millions. As a lawyer, and advisor I am sure Gina Davis would not being doing all her hard work for only "common" shares. Even on an uplist $4-5 which I believe, is where we start. This is my major argument with Dwarren and Hopeful. The argument is not whether IMUN can make it one day, but how much will the share price be?
It is hard enough to make it in the pharmaceutical arena, but to get your stock to $25, $30, $40, $60 $80 $120 a share? In all honesty maybe 5% of all the companies who have ever third and succeeded.
Brings me back to what Dwarren said...$4-5 a share, everyone above .005 per share is in the red immediately. The insiders are hugely in the red. Some will need A $120 share price to get them out of the red. Now whether or not you believe this company is going places or not...do really believe $60, $80, $120 per share going places? So why would the large investors vote for such an extreme RS that will cost them millions....Because they have stock that has to be 1:10 protected
To me it's the only answer...legal, illegal, hidden, part of the original 500,000 shares authorized, some small print, somewhere that allowed Noreen to do this year's ago. I have no idea, but it just doesn't add up. It just doesn't make sense. I mean Cytocom has 100% LDN US rights. The US will pay (along with the insurance companies, the government agencies like the VA) maybe in the billions once approved, but even with all that money, will Cytocom's share be over $35-40. Maybe one day down the road.
You can disagree with me, call me names, call me a basher...I don't care, something is very wrong with this situation here.
Dwarren, Hopeful or anyone that does not share my opinion...cool. this America, land of the free, where so many have died to protect your rights and freedoms.
Just because I do not agree with you, does not mean I will say you are a paid promoter of Noreen's. That's just ignorant. Everyone is entitled to their opinion. I am not a Basher. I have never told anyone to sell or get out of this company. Dwarren, you take little bits of what people say, and try to twist it against people. Call people names and try to bully them from talking on this board if they do not agree with you.
That is just wrong on so many levels.
You want to throw really want to throw everything in everyone's face....when this stock reaches $2000 a share you can tell everyone how great this split is. Because the reality is people bought this stock for dollars a share years ago. Noreen gave them big hopes, big lies to get their money. They will never ever in their lifetime see their money again.
Math it easy...to make a profit depended on whatever you bought at.
On a 1:1000 split your average cost .03 $30 a share. .04 average cost $40 a share. .06 a share. $60 A share. So the only thing that matters is after this split, how much you will need the share price to be before you are out of the red.
So each an every investor must look at their portfolio from a logical perspective, do the math, add in how you think the Cytocom 10% will impact, and, even if everything goes right...what do you anticipate the stock to be in the future. Will this stock ever reach the price per share that each investor will need it to be to get out of the red.
I do not think investors who bought at .12 cents and above, will think IMUN will ever reach the $120 per share price to start seeing green. And what of those investors who bought at $1 or more? Do you think that anything you or the company has to say will ever make them believe this stock will be at $1000 a share?
What you think NOREEN is going to be the next Amazon stock leader by selling low-cost LDN IN Africa and pets in the US.
Call me a Basher all you want, because I am only a realist.
Now Hopeful, in you case, and any other investor who can buy enough shares now, to bring your overall cost below .01....you got a good shot at making some money after the split, and once Cytocom's 10% shows revenue AND if governments grants come in AND all African approvals are a greenlight AND the pet meds get approved.
So yes Dwarren and Hopeful...there is a light at the end of the tunnel for IMUN investors who's average cost per share is .01 and below.
But this is not the case for every investor. It's not the case for me, that's for sure.
I love the way when someone doesn't agree with your opinion Dwarren and Hopeful, we are "bashers". I have always believed in LDN. If you go back, and read when I decided to join this board, I was (and had been), for a long time supporter of this company. But I started catching Noreen in lie, after lie, after lie. Just thus week, again. Nothing but half truths and deception. But this is something you pointed out. So you and I have the same opinion about her.
So, like I said before, my opinion is Cytocom will be the big player with the big money. LDN is gold, and will help so many people, but not with Noreen Griffen at the helm. Once she is removed, when they get an actual experienced CEO, things will change.
As I said before it's about the math. Once Cytocom lists, I will heavily in the green.
I just can't understand how you guys keep thinking IMUN's stock price will skyrocket because of 10% of Cytocom ownership?
On my remaining few million shares, my portfolio puts my share cost at .0275 per share. Currently, I the $58,000 for those shares is worth $10,000 now at .0048
Once this split happens, I will be left with ruffly 2100 shares. For those shares to be worth only the original price, without even a profit, IMUNs share price will need to reach $27.50 per share.
Dwarren...$27.50 A share! Really??? My opinion is based on a couple things Noreen...sh*t. Over $27.50 A share price after this split for me to be at the even mark. I believe Cytocom will one day hit $25 a share...But IMUN? I just do not have any confidence anymore. You can talk about evaluations all you want, but if Cytocom is not bought out, it will only open between $5-8 a share. Then trials, approvals etc.
How in the world am I ever to think IMUN will ever ever ever hit $27.50 a share with Noreen as CEO. And the board? They were supposed to have her replaced by quater 2. She and her close people are protected. Don't need a link for that.
You, me, Hopeful, and anyone else without protected shares will not see any kind of substantial profit ever after we are only left with 1000 shares per Million.
That's why I sold most of my shares (unfortunately at a loss), and bought Cytocom stock.
Am I a Basher of Noreen...oh hell yes. Am I pissed at the board for not having replaced her already...Yes. I have never, nor will I ever Bash LDN, what it can do, or the money it will make in the right hands. I believe Cytocom are those right hands.
I understand what you are saying about all the positive things that can happen, if after all the years, things finally fall into place...But even if they do, $27.50 a share to break even? I just can't get the math to work.
Now had I had....say...A 1:10 protection in place...I would be left with 210,000 at a uplist of lets say $4 a share...well thats $840,000. The math looks really good. Legal, illegal, i dk not know the law. But there is no way in hell, any of the large share holders would lose millions on a split unless the had other warrents, preffered shares, or whatever to offset the loss from the split.
You can ca me a Basher, but I am far, far from that. I am still the biggest supporter of LDN, Cytocom and the future of Cytcom.
You want to call me a Basher because I think Noreen, the board and all the insiders are about to leave me with a 1000 shares that I worked my add off to acquire....
Then call me a Basher all you want. 1:1000?
C'mon Darrew...Hopeful...seriously, who does that to its investors???
And, you talked about this pump that was going to make you huge amounts of money when Noreen starts pumping the stock price. Maybe I am only looking at the math, but how are you going to make huge profits from this, when you are left with only 1000 shares per 1M after the RS?
There is no pump, there is a 1:1000 RS coming. And your saying that the warrents that have been issued over the last year cannot have RS protections?
The one fact on the board is this:
If there is a 1:1000 RS, each and every shareholder without RS protection limits will be left with only 1000 shares for every million.
So each and every investor needs to look at what their average cost is, and see how much IMUN Stock price needs to get to before they are back in the green.
If your cost was .01, IMUN will need to get to $10 a share. .015 average, $15 a share. .03 average, $30 a share.
Some of the very long investors paid .12, .25 and some many years ago over $1 will never see green again.
The reality for any and all investors of
IMUN is: if your average cost is .025 or more, you may never ever be in the green again.
So each IMUN investor will have to do their own math, and do what they need to do based on their own situation and where they think IMUN is headed, and how much, realistically, they think the stock price will eventually be.
No one knows really. About maybe a month ago, someone created a brand new IHUB account with the ID "Ronny". He said there were warrents being sold to the large shareholders for .005 quietly behind the scenes. He said he physically saw the purchase contract of someone who was receiving this offering, then disappeared, never to post again on this board. Bit it turns out he was right. I have a feeling the larger shareholder buying those warrents is under an NDA and whoever that Ronny guy was received an earful, in my opinion
We all have our opinions and you say you do not believe there is protections for the warrents...where's your link? Where's your evidence? I like how you trash others on this board because they don't have evidence. I am happy to listen to you when you are being constructive.
I'm not trying to get into another debate with you. It is just you want to trash the rest of us who do not agree with your opinions, and use profanity against us.
None of us are right 100% of the time. You were wrong about the dump and pump, and I am not dogging you out for your opinions.
It was a plausible thing that could have happened, it just didn't.
And maybe, people do know things, but cannot specifically say on a public board of how they know. Like when that Ronny guy created an account to only post a couple posts of things he obviously was not suppose to talk about, or was info under an NDA. At least he tried to tell us things that he knew and felt the rest of us should know. I mean Dwarren, if you were privy to information, that you were given by someone: would you reveal that source and jeapordize not getting anymore info because someone on a public board is trying to bully you and discredit your opinions?
I don't know Dwarren, how are you positive that the warrents that were issued are not protected?
Have you read the language in those? You ask why would the larger investors like RJ agree to this. In the shareholder letter, it told us the reverse was coming. We all knew that. But I do not think any of us could have anticipated that it was going to be 1:1000.
After the shareholder letter was issued, warrents were being issued. This is of course, only my opinion, but, I do believe these warrents are RS protected and that's why they were only being issued to the major shareholders and contractors for service.
I think that is why the major shareholders will vote for an enormous stock split.
Devils advocate here...while the unprotected IMUN shareholder ends up with only 1000 shares per 1M. The RS protected shareholder will be left with 100,000 shares.
Now let's say, hypothetically, since we don't have any proof one way or the other whether these warrants have protections.
Would it not be hugely beneficial to Noreen, the board, etc if all of them were issued warrents that would protect them. Is it not at least a possibility that those warrents do have 1:10 protections, and that's why these warrents were only issued to certain key contractors and the larger shareholders over this last year?
Noreen has kept us in the dark about everything...is it not at least a possibility....maybe
People like Noreen just do not care who's lives they destroy, or how many lies they tell to get your money.
As this absolutely ridiculous size RS shows, she and the major investors will make tens, if not hundred of millions from her Cytocom stock, and off her protected IMUN shares.
She can't see your foreclosed house from her mansion....right
What about the rest of you large shareholders....is this your attitude also? That it's ok to take all of the shares away from all the blue collar investors who sat day after day on their breaks and lunches acquiring shares the hard way. By trading.
Is this really your thought process? As humans, are you all going to destroy the rest of the investors and sleep at night by telling yourselves..."it's just business", when there is another way to do this, at another time, when other things are in place, to give the other investors at least a chance.
I will most likely make my money back I lost and will lose after the RS. However, the other IMUN investors will not. It is just not right what Noreen, this board, and possibly the larger investors are about to do.
Ky???? My brotha, there is absolutely no KY here. She is going to hurt us, and she is happy to watch the pain in our face. You may think this is the scheme of the new board members, but, by carefully reading the shareholder letter and the 10qs, this had been being put in place for a long time....
Absolutely it is, while protecting the 2%, and wiping out all of the regular investors who gave a lot more to this company that the 2% did. At least money vs our total wealth.
Let's face it, guys like RJ may have given millions, but percentage wise, we have more of out total net worth than any of the 2% big dogs
And now we are about to be repaid by wiping out all out shares, to never see any profit.
We all know know Noreen has no conscience for people, but let's hope the 2% see that they will actually make millions upon millions of dollars if they vote this down and do it the right way. A RS will need to happen, but now is not the time, and this is not the right way
I am not necessarily assuming the worst, I am just stating we are dealing with a 3rd world country, and you never know what can happen or things that will, all of a sudden, need more things.
As you say, it is the uncertainty of working with a 3rd world country and the failure of Noreen and the board to keep the investor informed.
And realistically, as hopeful as I am about Cytocom, I am in the: "when it actually happens, I will believe it.
Because until I see Noreen's name removed from anything to do with Cytocom, and no longer CEO of IMUN, these companies will continue on the same path they have for years....all talk, but no action, no revenue.
You know how you know if Noreen is lying....her lips are moving.
Her talents are for deal making. She is that unscrupulous snake, who could sell a glass of ice water to an Eskimo. However, she had no place as a CEO in any company. She only brings destruction to stock value, investor value and company value.
And now....the destruction of every investor who had faith she would stand by all of us, and make decisions that were beneficial to all of us, not just Herself, the board, and the large investors.
Personally, I do not think that is a good idea at this point.
The big investors may vote this reverse stock split down for now until IMUN can demonstrate it has a financial backers, or it has revenue coming in.
I would be just a little more patient.
If Rosen puts out there is a lawsuit being brought against IMUN, right now, it will surely destroy the stock.
Give the major shareholders the opportunity to do the right thing and vote this reverse stock split down until a time when a reverse stock split and uplifting would actually be beneficial to all investors
Now is not the time to do a reverse, and I hope the major investors realize this. There is much more money to be made for all of us if a reverse is done after Cytocom is public and trials are up and running and we are seeing revenue from Africa with the pet thing moving forward also.
Noreen has bamboozled the board, and the major investors this is a good thing, but doing an RS with revenue almost always fails after the reverse.
Aaaah yes. So let's have another company who has huge investors like the level of major banks and the like.
MBOT
dozens of patents in the US, and dozens of foreign companies.
Still working on their product. Another reverse stock split. They are a big board company.
The reality is, that even with financial backing, if there is no source of revenue, if IMUN somehow ended up on the big board, it would face rapid stock decline, and have to do more reverse stock splits to keep from being listed.
As Hopeful stated, we do have stake in a company who may have an evaluation of $2.5 M, but that evaluation will not attract retail investors to a company not making revenue.
Also keep in mind that it will be a long time before FDA approval of LDN for Cytocom.
If Cytocom's path is to be a public company, it still needs financial backing and would still need to file an S-1 to be a public compamy. I am told that is about a 3 month process.
Then you have the long exhausting interview process to get qualified candidates for the 2b/3a Chrone's trial. Not sure how many months that will take, the all the data has to be submitted to the FDA. Then the FDA will take the time, they take to issue their decision.
Now if the trials go outstanding, the stock price should shoot through the roof, even before FDA approval.
So, devil's advocate...during this time Cytocom will not be generating any revenue. Depending on how the new Cytocom CEO is about transparency, telling the LDN story, and promoting retail trading, will depend on how the stock price fluctuates.
I just do not think IMUN's stock will be able to maintain off a 10% evaluation of a company that is not making money, and IMUN is not making money.
Then we ask ourselves this...if both companies uplist, why would a retail investor, invest in a company, if they still aren't generating income, and their evaluation is based on 10% of a company that I can directly buy stock in? Why would I invest in IMUN, when I can directly invest in Cytocom and see the 90% gain instead of the 10%.
Realistically, doing the math, and the US patents for LDN, I think Cytocom will easily hit $25 a share. It is hard to say if IMUN will ever hit $10 a share, because they are still dealing with getting things accomplished in a 3rd world country where anything can change at any moment.
Example: some friends of mine were adopting a little girl from China. Now, the adoption procedure is clear cut, at least on paper. But yet at every step of the way, they were told that "many things can happen to slow the paperwork along the way, or maybe it will be lost or sent to the wrong place.
Basically, if they did not give kickbacks to almost every person along the way, something could happen to there paperwork. So basically, the adoption took an extra year, to a tune of an extra $10,000 to get this little girl to the USA.
The reason I mention this story, is it has been years and years, and there is still no revenue being generated from sales of LDN IN Africa. Yes, I understand there was 250,000 pills shipped, but there has been no news of payment.
Like was put out in the paper about the issues the gates foundation was having there, it just seems 3rd world countries do things the way they do them and change the rules, or procedures whenever they want. Because they are not a wealthy country, I am sure everyone along the way requires some "incentives" to make sure papers are handled properly.
Now how does a company with not money to even pay contractors, lawyers, advisors, etc, have money to provide incentives to people in the approval chain in Africa?
Hopeful, read all the 10q's from the last year. Read where there were warrents issued.
Yet, does not say to who, why, the amount or price per amount specifically.
It's not garbage.
Earlier this year we had 394M outstanding shares. Now we have over 434M.
Where did these go? Some language says they were issued as debt owed for services.
I will put money, that those were protected shares issued or else why would a company or person accept shares in lieu of money.
There is also mention in various 10qs of warrents being issued.
Not garbage Hopeful, in black and white, on paper.
Now the languages of the issued stock and warrents was not mentioned, but as we are forced to read between the lines with companies that are not transparent, there had to be something attractive about the shares issued in lieu of services and the warrents other than price to make some want want them in lieu of cash or just buying IMUN Stock on the market.
Hopeful, please read the last 4 10qs line by line in order again, and tell me what you think after reading them, what has been going on all year, and what we know now.
There is no doubt the potential of this company and the clear potential of LDN. Why join? To reap the future benefits of IMUN and the 10% impact of Cytocoms effect. So let's do the math...I like math.
I am going to go with a lower average amount than most people's average price per share.
Let's say you bought 10M shares for an average cost of .025 cents per share. Total cost $250,000.
After the reverse stock split at 1:1000, You will be left with 10,000 shares.
Now to even just break even, IMUN Stock will need to reach $25 a share for your original 250,000 investment to only break even.
If your average cost was .03 it will need to reach $30 a share, and do on, and so on.
Noreen, the board, and the large share holders will essentially bankrupt us, while they are protected and reap the benefits of all the money that not only they invested but our money
We will be taken yo the cleaners
Rvna...huge reverse split...back below a penny.
DRYS, a year or 2 ago(on the big board). Multiple reverse stock splits. And investor like ourselves, who invested $200,000 in less than a year, their stock was worth $2
Hopeful, if the stock was going to be worth all that, regardless of a 1:1000 reverse stock split
And...the 10% Cytocom stock was going to impact a company so much to make it 10x the value it is and send our stock way up....
Why over the last year has Noreen been selling preffered stock or warrents at .005 to only the major shareholders, and the people who they owe money to...lawyers and the such at a 1:10 reverse stock limit?
If everything is going to be as you say, why give out, sell reverse protected stock quietly behind the scenes to only the big dogs, the CEO, contractors and the board?
Why would they need these reverse protections, if everything is going to shoot through the roof after Cytocom finally goes public?
I am really curious to your perspective. Because, in my thought process, if everything was going to take off after a reverse, there would be no reason to have been quietly issuing out shares behind the scenes to the big shareholders with a 1:10 reverse stock protection.
Thoughts please
I'm not saying he was full of it. There were signs that it could have gone that way. My main reasons, is because of all the lies, half truths and deceptive things Noreen told me in conversations. She is a convincing snake, just like a used car salesman. It took me a few months for her lies and BS to catch up to her. I realized too late about her. My bad. Dwarren always knew she was a snake, but anticipated her effectiveness was going another direction in the form of a "dump and pump" scenario.
We all do our best in the off. These Caps, board members are hit and miss, most pieces of crap. In Dwarren defense, LDN is a real product, with real proven potential. But, once the spin off happened, and she ended up with only 10% of Cytocom, and IMUN wiped out all Cytocoms dept to IMUN....well, anyway. There it is. At first I was stoked, but then after reading and taking longer than I should to absorb everything, it looked to me, like Cytocom was being set up to be the big player.
Again, just my opinion, and no, I'm not going to bag on Dwarren for having an opinion on what Noreen was up to, by the things that were going on. I'm sure he has reaped the benefit from other companies who similarly did the same and ended up in a dump and pump situation that made him enormous amounts of money.
In this situation, Noreen and the rest of the protected class were going another way.
Noreen and the board needs to be in jail.
You know, it's funny, it says she and the board have: "no personal gain by this reverse"
I bet you Noreen, the board, and all the large shareholders all have preffered shares or warrants protecting them from a reverse, at least an amount similar to the 1:10 or maybe less
So really, by definition, they ARE PERSONALLY BENEFITING, by having their shares protected, while the rest of us are are having all our shares wiped of the face of the earth.
I do not know the specific language that determines the legally definition of "personal gain or benefit", but this is just a bad situation that has been most likely been being set up since the issueance of the shareholder letter.
The few bad and confusing PRs that drove the stock down instead of up, the lack of PRs, then complete quiet.
So, another question: how long has these preffered warrants or preferred stock been being offered to the larger shareholders?
How many (if any) we're issued to the new board members instead of money(because this company is broke)? How far does this go back? We have seen for the last year increases to outstanding shares, increases in warrants issued. How far back has Noreen and the other board members been setting this up, and issuing (opinion, not fact at this point) these possibly protected warrents or stock to themselves, larger shareholders, maybe the lae firm and others?
Aaaaah there it is....
"If the Company at any time subdivides its Common Stock, by split-up or stock split, or otherwise, or combines its Common Stock, or issues additional shares of its Common Stock as a dividend, the number of shares of Common Stock issuable upon the conversion of each share of Series D Convertible Preferred Stock shall be automatically increased proportionately in the case of a subdivision, split, or stock dividend, or proportionately decreased in the case of a combination; provided, however, that in the case of combination, the common stock into which the Series D Convertible Preferred Stock may be converted may not be decreased by a ratio of more than 10:1."
Now Dwarren, there is a possible answer to why the large shareholders would approve this. If those warrants were being issued at .005 in 10,000,000 increments for $50,000, and they had the same language as this new preferred stock....that would mean that all the larger investors would be limited to only a 1:10 reverse on those warrants, or preferred stock that Ronny told us were being offered to the larger shareholders.
So, while the rest of us lose all of our shares, the big dogs will be retaining millions.
Again, Noreen has proven time and time again to be a piece of sh*t, with absolutely ZERO give a shit for any investors other than the larger investors. She will destroy us all, and will go home and sleep at night without a care in the world, because she has no conscience, no ethics, compassion or morality to do things in a way to attempt to protect all investors.
She should be in jail, she is not only a horrible CEO, but a horrible human being. Karma.....she's a bit*h, and I truly believe that what comes around, goes around.
We were all lied to and used to make the select few, the board and Noreen, one day, rich, on our backs.
I have talked to a few CEO's from some other companies doing very well, and they have told me, a reverse stock split is not necessarily a bad thing, if you have revenue, a pipeline to make revenue, financial backing etc to immediately uplift after that reverse. But, for an OTC company to do it, only to wipe out debt, with no revenue to be coming in after will have the opposite effect, and many end up reversing again. The reality of this situation is:
There has been no one who is financially backing us, there are no approvals for LDN anywhere, there has been no report of revenue from the pills that were shipped, Noreen and the board continue to be deceptive, and are as far from transparent as a company can get, and no audits have been done to specifically file an S-1 to uplist.....
Us and the large investor's are being lied yo again, and the supposed, what I believe are the protected warrants Noreen has been offering them, is her and the Boards leverage or perswasiveness to con the large investors to vote for this.
I told you my opinion before that this was not a dump and pump. All are untitled to their opinions, but this will not end up good for anyone, and because there is absolutely nothing in place to immediately U plist, and no money to sustain any value after an U plist, they will end up doing another reverse, and then the Larger shareholders will feel the pain we will feel if this happens.
Just my opinion
I could only hope the large investors do not vote for this, regardless of all the new warrants they bought cheap, with whatever language in them that was attractive enough for them to invest more money into a company they are down millions in.
But, I fear, like Noreen, these investors, do not care about us either. Let's face it, generally people with that kind of wealth, do not care whose lives they destroy to get more. They are driven by greed. They, similar to Noreen, have no ethics or morals to tell them that this is wrong, and if they approve this will destroy all the people who invested their money in this company.
Dwarren, go back and read the 2 or 3 posts Ronny posted. You thought he was a liar. It turn out he is not. So why would the large shareholders approve this???
You are an experienced trader....think think think. Why would the large investors, who have invested millions of dollars and who are millions in the hole, be buying warrants at .005 in 10,000,000 share increments from a company they have lost millioms in, knowing this 1:1000 reverse was coming?
Getting rid of the debt on the backs of us shareholders by protecting the large shareholders......and there you go. No dump and pump, but dump dump dump and screw us with a 1:1000 reverse. And trust me it will be a 1:1000. And she purposely drove this stock down to be able to do such an enormous reverse. She is a snake and should be in jail. There is no financial backers at this point, and I explore every shareholder to vote against this reverse. This reverse should never be approved by shareholders unless we have financial backing, in writing based on a reverse split and a guarantee of an S-1 being filed right after the reverse.
It is going to be hard to convince the larger shareholders, because (according to Ronny), the 10q, warrants were issued last quarter, and I bet between October 1st, and now, probably more that we dont know of.
I'm sure those warrants have much language in them that will protect the large shareholders, if it didn't, why wasn't they offered to all shareholders?
Seems to be a battle between the Mms selling small amounts, and a retail investor buying small amounts to keep this around .0085. In about 30 minutes, we will see who wins.
Thats sll I have, do with it what you will.
I posted this before. When the question came up months ago about the 10% in one document and the 16.9% in another. I emailed Noreen the question toward the end of August, and this is what she replied. I posted this before:
"The 10Q also says the original shares will be returned to treasury upon the completion of the spin out"
Damn fingers....paperwork says 16, but goes down to 10% after
It's 10% not 16%. The paperwork says 26, but Noreen corrected me and said when Cytocom goes live, it will only be 10%
I was told not to disclose the prices I paid. I paid various prices. I will say, that when looking at everything as a whole, I felt Cytocom was going to bring me in income before IMUN. I based that on the direction Noreen and the board have been on with IMUN (Not releasing info and allowing the Mms to manipulate this stock down). Cytocom having US patents. Problems with current US drugs with Chrone's that cannot be used on HIV patients with Chrone's. And the uncertainty of what's going on in Africa. Many months ago, I posted a link about the Gates foundation's problems and issues getting approvals in Africa, and that was a non profit. 7 years to get all the I's dotted and it's crossed.
You just never know what hurdle is going to pop up, what wheel needs a little grease to make things happen and what official is going to pop up wanting a little cash to make sure the paperwork doesn't get: "lost, misplaced or something". Our system is not perfect, but we do have more checks and balances, and transparency to know where our paperwork is in the approval process