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BRAND NEW NEWS JUST RELEASED ! !
https://kalytera.co/news/kalytera-provides-additional-detail-regarding-terms-of-stero-biotechs-ltd-acquisition/
In a nutshell, it says the following:
1.) The $10 million private placement has to be done BEFORE closing.
(ie The money we need for debts and for ramping up phase 3 testing)
2.) Stero shareholders will get only 37.5% of the company at closing (This represents the 1st $15 Mil and a conversion price of $.04 Canadian) has already been established, so today's price means NOTHING)
3.) The last $15 Mil to Stero are "conditioned" on successfully completing the milestones to be ready for phase 3, if I read that right. So, I assume we will already be collecting revenues from Europe on GVHD before then. IF . . they successfully pass those tests and are looking at a phase 3 for ANOTHER billion dollar market, I will be more than happy to pay them more money ! ! (ie When you are talking Billion, . . $15 mil looks like chump change)
BOTTOM LINE: The Future just got VERY rosy again ! ! GL LONGS !
8 Million shares is NOTHING, in the big picture and the fact that the daily volumes haven't been high shows that Salzman isn't rushing to sell them. That tells me we have a positive announcement coming and probably this next week.
Simply . . GREAT news !
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I think we JUST learned what was holding up the SIGNING (THE PATENTS!)
Company's language was STRONG as well :
"Based on the excellent data observed to date in the Company’s clinical studies, the Company believes that CBD has potential to become the first pharmaceutical treatment approved for prevention of acute GVHD following bone marrow transplantation, which would give the Company first mover advantage in this commercial space."
Think the TRAIN is pulling out of the station ! ! ALL ABOARD ! !
Just glad I found this company last year - perfect timing - Been adding ever since. Looks like great value to me !
Because of their last statement:
" the Company intends to pay all amounts outstanding under the Debentures at the closing of the first to occur of either (1) the Company’s next financing; or (2) a license transaction relating to the Company’s GVHD program, each of which transactions are anticipated to occur prior to March 15, 2020 "
Another statement saidhat a bond debentures could be postponed to March if a "TERM SHEET" was completed. So,... since it was postponed, it's safe to assume a term sheet (preliminary elements of an agreement completed.)
Having done these activities in my prior job, you can think about a term sheet being a bullet point document of the major points of a deal (ie price, definition of the market the licensing deal would cover along with the duration, etc..)Any such document then has to be reviewed by lawyers and the respective board of directors and most likely requires shareholder approval as well, which normally takes 20-30 days. Given this latter point, I am personally expecting something to be announced before Valentines day.
If it ONLY involved 1 company, there were tax advantagess to completing this deal in 2019 - They didn't !
That tells me we have "multiple" companies bidding on it, which makes it a lot more complex. (ie what if one bids for a licensing deal in just Europe, what if one makes a proposal for the entire company?) Believe me, multiple bidders makes it complex. I used to be in Purchasing.
Hopefully your price level is based on the U.S. market, because I doubt you see that again on the Canadian side. As for the U.S. side, I would expect a 3 -3.2 cent level on the BID this week and then another .1 every week til an announcement is made. The last decently priced stock price I was able to get was around 2.8 cents. (I got about 20,000-30,000 shares) Good luck !
I agree with you ! (Adding to my position every ..single..month !) The "unsolicited" inquiries, the phase 2 results and the FDAs comment about fast tracking it pretty much says it all. (ie Future winner !)
Just saw that ! - Looks like things are about to get interesting !
I saw 2 things:
1.) The new agenda item for the BOD mtg which could allow them to do a reverse stock split "up to" a 1-for-12 exchange.
- The last time I owned a small company doing this while reporting really good news, they did it to jump to the NYSE and pick up more visibility and investors. (I believe the NYSE has a $1 minimum stock price as a requirement for being listed there.) This also allowed big fund managers to start investing in the stock &
2.) I saw where Timelo Investment Mgrs Inc/JFT Strategies Fund appeared to have filed a "PRE"-take-over" document.
- As I understand the regulations, whenever a company or group acquires 10% ownership of a company on the TSX exchange, they have to formally outline their intentions with respect to future take-over intentions.
Bottom line: Given that the company stated they were already receiving interest from "multiple" people on their GVHD solutions, there are a LOT of possible scenarios from these 2 actions.
BUCKLE UP ! Hoping to get another chance to buy some more before it sorts out.
Would LOVE to see this thing finish UP today ! (Should be options expiration day !) That would force the shorts to feel some pain on their old options and probably be down on their new ones we may see today in an attempt to save their old options.
more GREAT test results are out ! ! !
https://kalytera.co/news/kalytera-provides-update-on-gvhd-program/
The price of the ASKs and the BIDs continue to slowly rise. We are now seeing some activity above 4 cents U.S./or 5.5 Can, which is significant on a 12 month chart. (Take a look at the 1 yr chart with 10 day and 50 day moving averages.)
I still think we are breaking out and this will be seen as the early phase of it. (ie before most can see it on the more typical 50 and 200 day moving averages.) The next announcement should make 4 cents the floor. Still adding to my position - added another 30,000 sh today. ("slowly" catching up to some of you) GL !
I wholeheartedly agree with you. The combination of their recent findings being useful on other diseases & the multiple unsolicited inquiries was more than I expected, to be honest. The latter being BIG BIG news !
Instead of 50 & 200 day averages, take a look at the 10 & 50 day averages and you will see the breakout pattern that appears to be at hand.
Brrrrrreak-out ! ! (on good volume) Now the question becomes . . How much PAIN are the SHORTS willing to accept ?
I agree. While we should see some price improvement soon, it will be interesting to see how long the shorts will wait to cover. Long-term, I have my fingers crossed - think this has the potential to get to the .50-$1.00 level in 1-2 years.(assuming it gets approved of course) How many shares you up to now? I'm a light weight, but working on my 2nd 100K shares
Nice ! - now I know who to approach for a loan . . ha ha
Hope your upcoming surgery goes well !
Roadside testing is not a concern for me - The money will be made in the testers (think CBD production in the U.S. - thousands of businesses) and in the "bio-marking" technology. (All cannabis companies will need traceability - ESPECIALLY those in the CBD/medical/health care part of the market.
I continue to be a BIG believer in this company ! I think those that are selling expected sales by now and they aren't thinking through the current issues.
Unfortunately, they have been delayed by a few issues:
1.) a Packaging issue (That's why EVERY world-class company in the world does "pilot" builds and normally 2 of them ! I used to be a proj. leader on Ag Tractor builds & know that you ALWAYS run into problems - Always ! That's why you do them -to find and fix the issues before you ramp up major volumes. The fact that the company is being transparent, is a good thing.
2.) They are still finalizing their patents - No one should want them to sell testers until this step is "locked up". They already have a few, but the last time I checked, they are trying to nail down international patents & are "expediting" it. (SMART)
The key point:
Is the company overly worried about these things? Answer: NO
If they were, they would "NOT" have bought "ADDITIONAL" testing components and would "NOT" be ramping up assembly already if they were. (Used to be in purchasing too !)
With a 20 Mil market cap, this stock should jump in the Fall.
Just my take, of course . . but the reason I am still adding to my position each month.
PS No one should question the technology - They won "best in class" at a cannabis conference. That's a big vote of confidence from users. When companies don't want to return your "pilot" testers, that tells you something. (They see a big benefit in "keeping them")
Canadian volume is staying strong and the price level is picking up today. Looks like someone wants s LOT more stock before the next news release. Let's hope they know something favorable !
If you would be interested in trying some of their products, I would contact the company directly, as they could potentially get you included in early testing groups
If I was in significant pain, I wouldn't be waiting 1-2 years for it to hit local market shelves. Good luck in finding a solution, regardless of the product involved. Pain mgmt is why I see so much potential in CBD.
The financial potential is definitely there, as long as the drug gets approved. Even with a $400 mil market in 2020 and a 30% margin, that equates to $120 Mil in profits. That's BIG !
Assuming we get even "half" of that, being a first mover, that's $60 million. With 300 Mil shares, that's $.20/share
If you look at a BMY or Lilly, a PE of 15 would be conservative. That suggests a share price of .20 x 15 or $3.00/share
Hence the reason I believe a bid will occur quickly "IF" they continue to get successful results in their testing. (Although I would hope they would resist early offers, as I believe they would be dramatically undervaluing the company - We do have other initiatives in motion.)
We already know the drug is helpful, it's now a matter of finding the "optimal" CBD level. If they overshoot and get some negative symptoms in patients, approval could get moved back as they have to redo some testing. Let's hope that doesn't happen, as it would give possible competitors time to catch up.
Bottom line: Even if we assume 10% profit margins or an early take-out bid, I have to think the shares will be worth at least $.50 -$1.00/share minimum, as the share price should shoot up on good testing results ahead of any offer. The question is "WHEN" it all happens. Definitely a great long-term investment, in "MY" opinion.
agree on the volume, but you have to think the buying window is closing now and whenever they announce the first sale to a major LP, this should take off.
Someone was reporting on stockhouse that they just talked to mgmt and they are having a hard time getting the "pilot" machines back from the LPs (ie don't want to give them up) I'd say that's pretty clear evidence that the product is being warmly received.
Just a timing issue - bought some more this morning
4 times normal U.S. volume today - Nice !
How would it work and how the police they afford to use a product which costs $5K/test ? I get the potential for master growers, the reliability for the industry and the faster testing cycles versus using expensive labs, but . . don't understand how the police will be able to use it
Flurotech wins Best in show for new technology !
https://www.nasdaq.com/press-release/flurotech-wins-best-of-show-for-new-technology-by-high-canada-magazine-at-the-vancouver-lift-expo-20190211-00514
Based on WHAT ? Yahoo ? The company web site ? They didn't want to comply with Canadian regulations & haven't been very truthful to shareholders so far. What makes you feel so comfortable that they are choosing this time period to come clean and be truthful ? Does "coming soon" mean 2020 or 2025 ?
Oh, I get the . . "but I am already too heavily invested " thing, but . . that's why you need to define exit points on all investments (ie recognize that for your investment to drop 25-30% you must have misread some things)
PS go back and read those little disclaimers on their PRs and their financial report. That was the first time I have ever run acrossed a company doing that to that extent - almost like, do not trust any of this info. because we are trying to prevent lawsuits.
yeah, my guess is "the company" ! (not some Algo, etc . .)
It makes perfect sense. They have to pay bills, so they have to create new shares and sell all of the time. However, it also explains why the offer price is quick to jump up a bit, when they are able to entice new money/newbies into the shares. MY question is how many "new" shares are being created and when will the dilution be announced? (The prior financial report made it clear they have NO incentive to tell shareholders as it is happening, but I suspect they will have to release this info in the next financial report)
I tried to warn you when the canadian's stopped trading on the stock - as far as I know, trading has never restarted on the Canadian exchange. That either means they either have info. they don't want known or they don't have the money/skills to provide the info./financials required. Neither is good for an investor. The lesson learned is that when a stock is halted because of "non-compliance" issues you RUN ! (I personally waited a bit for the Canadian exchange to respond to my email)
I keep trying to get my son "out" of this stock. (ie When you are young, you always think there are easy ways to get rich, and don't want to listen to more experienced investors on how important it is to constantly research stocks and hold mgmt accountable for the "demonstrated performance" on what they say. Bottom line: Mgmt is not credible.
As long as people are willing to keep handing over their money to them, I am sure they will keep playing ping pong and may eventually announce something, but by then the first $1,000 of profit may be divided by billions of outstanding shares. Then . . the "original" shares come off the "lock-up" period. Not a rosy picture
PS PLEASE DO YOUR OWN DUE DILIGENCE - THESE ARE JUST MY OWN VIEWPOINTS, BASED ON 40 YEARS OF INVESTING. THE KEY TO WEALTH BUILDING IS AVOIDING MAJOR LOSSES, SO ALWAYS KNOW YOUR EXIT POINTS.
Just shorts ahead of the close - CNBC will be talking about pot stocks later. Another buying opportunity
The shorts are fighting a losing battle before Oct 17th
Why in the world would anyone short these stocks "ahead" of Oct 17th? ha ha ha The shorts are being handed their heads ! ! Just added 400 shares, before any deal/partnership is announced. Think it could easily take us to $30/share if inked
CEO said production costs are $1/gram and half that in Jamaica location. Sounds like we will also be on CNBC tonight with Tim Seymour. Great news since there will be more eyeballs watching then. Just added 400 shares ahead of it Good luck all !
Due to the 10Q and other info I have found, I am now completely out. Good luck , but read the report carefully.
Bottom line: The stock price is falling 1 cent a month and it should continue. I believe people are cashing out to recover the money they loaned the company and the lower the price goes the more selling that should happen. W
10Q - I can't believe none of you are raising any concerns on what is contained in this document. (ie lack of cash, converting old outstanding debt into notes which now being converted into shares, etc.. Hence the reason there has been a lot of selling this year.)
Well, that defines the "non-toxic" funding. (ie 1 year lock-up) I was hoping it meant that we wouldn't get diluted too badly. Still won't know until they share more information.
that doesn't just mean much - only that some financial person didn't think we were getting diluted by an extreme amount. How was that "defined"?
Example: Did they agree to sell another 40 million shares for $2 mil?
Did they sell 80 million shares for $! mil ? 200 Million shares for $500,000 ? We don't know how bad it is.
Only that "someone" who gave us some money based on a higher evaluation. Any time there is a lack of detail, you have to wonder why.
Logically questions now are: was it someone outside the company, someone inside the company, etc.. Each has a different impact. (ie If inside the company, that may mean someone "outside" the company couldn't be found. If someone "inside" the company, how how money was given in return for how much stock.
Bottom line - still leaves a lot of questions, when you consider that there still appears to be a cease trading order in effect for Canada.
Good news that they are getting financiing, but very unusual announcement. (ie Not describing whether it's private party, terms, amount of shares they had to issue, etc..
I guess we have to guess on the amount of dilution that we will see.
Thanks for clarifying that PH ! - I don't intend to misrepresent anything. Spoke too quickly.
Please do your own due diligence !
Hi guys. I got the same canned response that PH got:
" We are aware of the prior management team's correspondence with the BCSC. We don't anticipate it having an affect on our stock. We should have it resolved shortly."
Thanks,
Sean
Thoughts:
1.) Cease Trading Order- "prior mgmt" - wasn't Wade part of the prior "mgmt" ? Why hasn't it been addressed in 6 months? Is the Canadian listing/trading not important to them? Don't anticipate it having an impact? (don't they follow their own company's boards? - We have been struggling for a week)
2.) Answers to my 2nd & 3rd Questions (involving $ 2 million funding and whether they have patents - Crickets
Shortly? Soon ? (Starting to dislike those words)
Assessment: Nobody knows much about these guys other than Wade is an interim CEO, etc.. They jump from mining to Social APPs? Can't complete a sign up? Something doesn't feel right "to me". I can always add back shares when I feel different Good Luck !
For what it's worth, . . I have sent an email to the company's email address asking for information on the following:
1.) The Cease Trading Order
2.) Whether they have any patents on the APP or any of the key technological aspects which make it unique &
3.) Whether they have acquired the total $2 million funding required for the beta testing step.
I don't believe that it does, but . . I am "NOT " an accountant/CPA.
The way I read it, . . a cease trading order was originally put on the "old" company name because financials documents weren't filed - I have no way of knowing what type of documents. (ie quarterly reports, etc..)
It "seems" to suggest that it would remain until a director of the company files some kind of response.
4 "seems" to suggest (to me !) that they must have notified them of the new name change as the reason for the delay, but . . according to that document I don't see any financial documents being submitted (I tracked the "dates" referenced)
It therefore looks "to me" like they have now reinstated the "cease trading order" under the "new" name.
Hence the reason I asked if anyone on the board had a financial background. I have "read" that ignoring these things can be bad. (ie can lead to an audit, etc..)
If anyone can explain the issue more clearly, . . I am ALL EARS.