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Wow I didn't even see this in my mailbox until today. How fortuitous. I sure hope you leveraged your mortgage against this stock since today it's trading well below your strong buy range of .75
Does this mean it's in the Super Duper Amazingly Strong Buy range? LMAO! GTFO!
After the R/S they plan to uplist. So there will be plenty of available shares to short.
I'm not sure why everyone is over reacting to this news. Why not just wait until the R/S then short the ever living shit out of this dumpster fire! I guarantee without any solid revenue supporting this thing it will tank hard. So why not ride this puppy down?
Just biding my time until the R/S. See you all then. GLTA!
Based on the technicals this is on the edge of the cliff and people are talking about loading up here? LMAO.
I hope some of you made it out when I said don't wait longer than the 10 day period to sell. Now that they are officially delisted they have even less requirements to report financials (which would probably be horrible anyway).
There isn't much value left here unless you believe the toxic R/S they have scheduled will fix all their problems. There may be a bottom of the barrel buy back at some point months from now I just don't know what that price point is yet.
Just calling it like I see it. GLTA!
Notice he doesn't list the names of the board members who vacated. I'm going to assume Carl Berg is one of them and if so this has a long ways yet to fall.
Herold- I wanted to make sure I answered your private message. The timeline for delisting would happen if they can't maintain above .01 for 10 consecutive days sometime during the 90-day probationary period that they have been under (and it's close right now - see dwarrens earlier post for dates).
To answer you question yes if they could R/S before the deadline they would also avoid delisting (which would also tank the stock thereafter IMO). Which I believe is the silver bullet they would try and use if the current Market Manipulation doesn't hold for 10 days.
So to summarize my thoughts an R/S at the levels they are proposing would tank this stock but save it from delisting. Also delisting would tank this stock.
If there is actual good news (DEF14a) that comes out during this 10 day period over .01 it could go higher and they may not need an R/S for this thing to climb. However, I'm banking on after/during 10 days there is no relevant news and this was just manipulated to kick the can down the road another 90-days and it drops below .01 again.
Anyway GL wherever you are at in this thing. I also could see this going higher if IMUN and board considered their shareholders at all with the goings on.
Glad you are finally able to see what I've been saying all along. If the DEF14a doesn't come out in that timeframe and/or doesn't contain good news this goes lower for 90 more days only to rise again near the end of 90 days.
Rinse and repeat.
I don't blame you. It's just a timing game. I don't know that the DEF14A will be released in the time frame of 10 days. If it's not or there is no relevant news and they have met their obligations (10 days over .01) to avoid delisting it will drop after.
I haven't re-read that section of the OTCQB rules in a while, so ok 10-days doesn't change my argument any.
That's because you are waiting for this company to act according to normal basic decency rules of business. I believe they are acting out of fear of delisting.
You would think price movement like this would actually have news or filings to follow, but I'm betting it's none of that and in 5 days this will move lower on no additional relevant releases of anything.
If I'm wrong and real relevancy happens it goes higher and I only take a decent profit. If I'm right it does exactly what I've been saying all along and I can set my watch to it again 90 days from now.
You should do whatever you want. I know I do.
Oh good. I see they are racing the clock in the final moments to not be delisted. So basically they need to maintain a price over .01 for a minimum of 5 days to avoid the 90-day delisting rule. Interesting...
My prediction is this rally will last exactly 5 days and the price will hover just over .01 in that timeframe. I'm selling everything I bought under .01 before then. Rinse and repeat every 90 days to take profits.
Call it like I see it. GLTA!
It looks like trading was halted just to retract yesterday's press release.
Now back to regularly scheduled programming.
Yay! More board members added. I remember the days (not so long ago) when they added other qualified board members and the stock shot up so high. HAHAHAHAHA! Oh wait it did the opposite.
There is only one news release that actually matters and it's this- N.G. is offically GONE!!
Seriously the day that is announced I will go and purchase 2M shares. I might even hold them for an entire day.
The liquidity in this stock is awful.
The reason for the R/S is simple. I've said it many times although your listening skills could use work. It's even disclosed in the 14a (meaning they aren't hiding it).
They are trying to avoid delisting from OTCQB and are willing to dilute shareholder value to kick the can down the road and try and dupe future investors. This playbook isn't new to shitty OTC companies fleecing investors.
Or were you wanting to hear the answer that you want which has something to do with magical unicorns and government grants?
How's my favorite 'dump and dump' doing?
From the 14A-
"Because the Company is not reducing its authorized shares as part of the Reverse Split, the Reverse Split will have the potential effect of diluting shareholders’ interests in the Company"
You gotta love it. Anyone still holding onto this dumpster fire?
Something is going on...
Quote:
Following the next few press releases, Immune Therapeutics, Inc. intends to make future announcements regarding its financial and corporate performance exclusively through its website and Facebook page. Website: https://www.immunetherapeutics.com/
Let me unwind the corporate BS speak of the above quote.
"We will soon no longer have the listing requirements to maintain on the OTCQB. Therefore being an OTC pink that is no longer required to provide timely or accurate financial reports will only do so on our own platforms at our leisure."
"In other words we are a publicly traded company that doesn't want the public to see how bad our financials are, or how terrible and infrequent our PR's are, and how slow moving our company is, without seeking it out on our website."
Not yet. They breached the 30 days under .01 so now they are in the 90-day grace period as the OTCQB rules state. They have less than 90-days to get the stock price over .01 for 5 consecutive days or they will be delisted.
My belief is they won't be able to get the stock over .01 for 5 days consecutively, will have no option but to R/S to stay listed, and further destroy shareholder value.
So as I've mentioned before any smart investor if you absolutely must have this stock just wait until the 90-days gets nearer, IMUN panic R/S's, the non-uplist happens, and the PPS tanks to a purchasable level again.
Just my humble opinion.
The Report is garbage. The reason the vote for R/S was overwhelming is because everyone was sold on the idea it would help uplist. Idiots voting for their own PPS destruction.
The only way this will make money is if they can sell the licensing rights to some other idiot out there willing to pay for something PQEFF can't even do with the technology (and that's produce oil efficiently and effectively).
All I can say to that is you are going to deserve what's coming to you (good or bad). best of luck, but they have 90-days to announce your magical rainbows or this thing is gone.
Unless of course they R/S before the 90-days without magical news, in which case it will be gone sooner.
So you would vote 'For' the R/S then?
How you answer this simple question will basically tell me how BS you are about everything. I don't want to hear your magical stories about gov grants and rainbows. Just a simple yes or no will suffice.
You honestly believe that this is the end of the sell-off? There will be much more sold both pre and post R/S especially without orgasmic news (which no one but you really expects).
HAHAHA! There have been nearly 2 million shares traded today. And roughly 10 million this whole week. I'm pretty sure if someone wanted to buy 5 million shares at this level there would be no problem doing it.
No one is going to seriously buy staring at a 1000:1 R/S with no news. This aint moving up next week, or any week without news. And at this point it has to be monumental news.
They have 90-days. The clock is ticking.
Dude. EVERYONE applies for government grants. Just because you apply for gov. grants doesn't mean you get awarded. I asked for proof they have been awarded jack crap, not speculation just because they applied (which again EVERYONE does).
You "HOPE" they get awarded which isn't the same thing. You also "HOPE" that if awarded it is significant enough dollars.
The reality is you don't know whether or not IMUN will see any grant money and far more applications don't get awarded than do (especially to smaller companies run by mental midgets).
I wouldn't even consider myself a basher of IMUN. I believe the product can help people. I just know that it's run by idiots who are more than willing to wipe out investor $$ with a 1000:1 R/S to stay above .01 to meet listing requirements.
Happy DELISTING day!! Congrats IMUN after today you will officially be on the 90-day probation period.
There are only 2 ways me or any other savvy investor would ever reinvest in this dumpster fire.
1) Noreen is removed as CEO.
2) Wait 3-6 months after the RS is complete and they fail to meet uplisting requirements and the stock is back in penny land again, with Noreen being removed as CEO.
Until then this is your friendly reminder that 30-day OTCQB delisting benchmark happens tomorrow, so be sure to wear your party hats.
This was a last ditch effort to not be delisted from the OTCQB, with some moronic idea that a 1000:1 RS will somehow magically get you listed on the NASDAQ.
No Revenue, No Good News, Worthless BoD, Moronic CEO.
It was already a dumpster full of poo. The CEO just lit it on fire.
There is only one chance any bagholder has left and that's to vote no on the RS and even that might not be enough.
In the event that the Company’s closing bid price falls below $0.001 at any time for five consecutive trading days, the Company will be immediately removed from OTCQB.
Removal from OTCQB is all but guaranteed now as this will sink sub .0001. Trying to uplist with a toxic R/S won't even work as there are several requirements that this company won't meet.
Partly true. They have to get and stay above .01 for 10 consecutive days in that 90 day period to avoid delisting. Which is extremely difficult for a company in this much disarray to do.
Happy Delisting week! How's my favorite dump and dump coming along? Friday will mark 30-days sub .01
I'm not sure I'm a fan of the R/S but if it gets uplisted than it may be worth it. It's already a relatively low float.
I want IMUN to hit 30-days under .01
At that point every shareholder will have a choice and so will the CEO and BoD because to remain listed on OTCQB they will be forced to produce something... anything.
If you are an investor you should want the clock to start on this piss-poorly managed company and worthless CEO (so you can make your decision if you haven't already).
This is my opinion. Everyone is welcome to their own. I'll see you guys in 2 weeks for the start of Delisting Day.
2.3 Standards for Continued OTCQB Eligibility
To remain eligible for trading on the OTCQB market, the Company shall meet all the following conditions. A Company is required to notify OTC Markets Group immediately upon learning of an event or circumstance that causes noncompliance with these Standards for Continued Eligibility:
Bid Price. Maintain proprietary priced quotations published by a Market Maker in OTC Link with a minimum closing bid price of $0.01 per share on at least one of the prior thirty consecutive calendar day.
Removal of OTCQB Companies for Failure to Meet Requirements
OTC Markets Group may remove the Company’s securities from trading on the OTCQB market for the Company’s failure to meet the requirements set forth in Section 2 of these OTCQB Standards or any other obligations under these OTCQB Standards, which determination shall be made by OTC Markets Group in its sole and absolute discretion, unless such failure is cured within the time frames set forth below:
Bid Price Deficiency. Companies are granted a cure period of 90 calendar days for failure to maintain the minimum bid price set forth in Section 2.3(2). In the event that the minimum closing bid price for the Company’s common stock falls below $0.01 per share for 30 consecutive days, a grace period of 90 calendar days to regain compliance shall begin, during which the minimum closing bid price for the Company’s common stock must be $0.01 or greater for ten consecutive trading days. In the event that the Company’s closing bid price falls below $0.001 at any time for five consecutive trading days, the Company will be immediately removed from OTCQB.
Sure they could try, but with 15 days to go it's far too little far too late.
It's not a matter of want to delist. They have run this company so incompetently they cannot avoid it. 250k pills shipped to Fidson is a fart in the wind.
This is dump and dump. There is no PR coming, and even if it were it won't move the needle enough to save it. 15 days under .01 with 15 to go. The 10-q release was just to meet minimum listing requirements.
Get ready for sub .005's and delisting. Dump and Dump death-spiral soon.
You're entire argument was that it couldn't be done. The reality is it already has which is why the stock is where it's at currently.