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Keep your eye on the ball people. If you have a choice in this deal Longs, please don’t be exchanging your shares. It’s the oldest trick in the book. I believe my hands are tied and I am locked in so I can’t do a single thing here. At the end of the day I prefer to wait for the big show. Super nice that they’ve given people an out. Just remember that it always pays to wait. Naya exchange deal will be so hard to resist for so many Longs. Y’all have plenty of time to exchange shares “IF” this deal consummates. That’s a big “IF” people. My advice is to watch, monitor and be very slow to react. Be well folk. Hula Hula Cuckoo Penny
They filed S-4 people. Hula Hula Cuckoo Penny
They filed S-4. Cheers bud. Stay positive Corvette. Be well. Rising tide. .
Hey people. After the 5 years to complete phase 3 trial, you then have file it and wait for review. Yikes. Hula Hula Cuckoo Penny
“Following successful completion of a Phase 3 trial, a New Drug Application (NDA) can be submitted to the FDA to request review for approval. The FDA will then take 6-10 months to review all of the data submitted and either accept or deny the NDA.” So like I said. Nothing will happen in 2024.Sucks big time.
RLK. Yes it was a while ago we recieved the designation. A great distant memory. Still a few years to go. Have a great week. Hula Hula Cuckoo Penny
Let’s hope that’s not the case Bruce. It takes 4-5years to get through a phase 3 trial. ……IMMUNE PHARMACEUTICALS INC - POSITIVE DATA SUPPORT COMPANY'S PLANS TO COMMENCE PIVOTAL REGISTRATION STUDY IN 2019……. We could be in the line for a while if that’s the case. 2024 will be recaps and more recaps. Hula Hula Cuckoo Penny
Bruce, yes a FDA approval for drug would be great. But that is anyone’s guess when that happens. That could be years away Bruce. No one knows where they are at with trials if they have chosen to go public etc. I still don’t believe a purchase relies fully on that outcome to complete the deal. But maybe it does. Who knows what the agreement terms are. If that is the case then nothing we have done, or what I’ve done means anything here. I’ve seen so many billion dollar deals get done with just positive pre-clinical studies. I know what you’re referring to. You’re referring to PR that came out on Immune Pharmaceuticals acquisition and possible new drug at the end. I put no weight in that comment but anything is possible. If that’s the case, then we are in for a wait. Hula Hula Cuckoo Penny
What’s ODD? All you guys post using sign language. I’m old people. Old. Speak clearly. Yes Bruce, companies can do things privately. For sure. Ceplene is a great example with Pint and Noventia doing all the work. And now Delbert laboratories some as well. I’m just saying that I doubt FDA approval is needed at this juncture since FDA already approved and fast tracked it for BP designation. Hula Hula Cuckoo
Bruce, you should know better, we don’t need FDA approval for jack shit. I’ve seen multi billion dollar deals done for far less. Some drugs still in clinical phase 1 get bought for billions. I would say your thought process is pretty flawed. Pretty pretty flawed. lol. Hula Hula Cuckoo Penny
I would suspect Gollum that Ceplene has a more of getting FDA approval before Bertiliumumab as it already has completed its trials and already has received approval in Europe. Don’t know about Latin America yet. I’m thinking yes if Pint / Noventia did everything it was needed to do. Only Massimo can answer that as they haven’t reported jack. Hula Hula Cuckoo Penny
I would suspect Gollum that Ceplene has a more of getting FDA approval before Bertiliumumab as it already has completed its trials and already has received approval in Europe. Don’t know about Latin America yet. I’m thinking yes if Pint / Noventia did everything it was needed to do. Only Massimo can answer that as they haven’t reported jack. Hula Hula Cuckoo Penny
Exactly Gollum. I think you got mixed up Bruce. No trials happening at the moment and Bert already got fast tracked and approved by FDA for Bellous. Clinical 2a is behind us and now it’s just 3 to go. There is still quite a road ahead of us. We definitely need INDS happening. Who knows what the hell is happening there or if anything is filed. lol. That process alone has been a joke. Simply waiting for 5 year mark for active business for target sub. By the way guys, Naya to me is worthless piece of shit. The assets transferred are meaningless , unproven and fertility clinic is simply a hoax in my eyes. That shit is a joke and is simply the means to an end and a vehicle to get financing and restructuring tasks done. I believe this is a recap and we’ll be going through the rest of the year doing recaps until window cracks open and til Astra wants to close its planned acquisition. If Naya was to go through with this micro merger, wow, then that would be a huge joke and I don’t see that lasting long term. Certainly telling though. I’m curious to know who is getting sponsored by ESHA. They would be fucking idiots to throw money at Naya without any proof of concept for anything and a useless clinic platform. Fertility clinic is a woke scam and bullshit. No common sense there. I certainly don’t support that stuff. That investment would be telling for me. I don’t see that good money going into fertility clinics. Drugs yes. Clinics no. I still believe that the 100 plus million will be put into Cytovia Tx and that’s why I don’t see Naya as anything but a ploy to recap and pull in fucking crooked assholes. Oh I can see it coming. I actually hope I’m right. Spidey senses tell me not to trust these guys as far as I can throw them. Their eyes are spewing brown. A long road ahead. lol. Hilarious Hula Hula Cuckoo Penny
There’s a one month time limit between doing the external Spinco share distribution and purchasing the target shares. Hula Hula Cuckoo Penny
Oops. Imnp was short on this call.
Significant Opportunity for Bertilimumab in IBD
The treatment of IBD represents an enormous opportunity for Immune. While difficult to pin down exact numbers, we estimate that in the U.S. approximately 750,000 people suffer from UC and another 675,000 suffer from CD (Molodecky et al., 2012). Since CD is often more severe than UC, we estimate that approximately 25% of CD patients and 7% of UC patients are currently on biologic therapy, which represents a majority of the patients with moderate to severe disease. Of those patients, we estimate that 33% will have high eotaxin-1 levels, thus making them eligible for treatment with bertilimumab. This represents a target population in the U.S. of approximately 17,000 and 56,000 patients for UC and CD, respectively.
We model for Phase 3 trials of bertilimumab in UC and CD to conclude in 2020 with regulatory filings occurring shortly thereafter and approval for bertilimumab in 2021. We assume that Immune will partner bertilimumab for the Phase 3 program, and currently model for a 15% royalty on worldwide sales. Based upon peak market share in the U.S. of 45% of eotaxin-1 high patients, we model for peak sales of bertilimumab in the U.S. for IBD of $1.5 billion, with an additional $1.0 billion in peak revenues from sales overseas. After applying a 20% discount rate and 35% probability of success, this leaves the net present value of bertilimumab in IBD of $157 million, or approximately $3.50 per share based on a fully diluted share count of approximately 46 million shares. Given that Immune’s stock is trading for less than $1.50 means that the opportunity in IBD alone is being significantly undervalued, and that doesn’t even take into account 1) the potential for bertilimumab in additional indications (NASH, atopic dermatitis, asthma); 2) the potential for NanomAbs; and 3) the potential for nano-formulated Cyclosporine A.
I would also like to see what happens with the moderate ulcer colitis trial. That will also be a game changer. Already have approval for Bellous Pemphigoid.
Yes the faster they purchase Cytovia, the quicker they can get Bert and start up trials again. Everything stalled while we sit in BK.
INVO deal could be the catalyst for everything. Then Naya once it’s spun off does a deal with ESHA to help fund its assets.
At the end of the day Astra is in control. Do they pull the trigger and acquire Cytovia Tx and exchanges shares with Cytovia shareholders. Anything is possible.
Still think we are in for a long haul with Astra. But maybe I’m wrong and maybe I’m just getting taxed sooner. I’m so glad I bought as much as I did if this transaction doesn’t favour me. At least I will have very healthy tax free income coming from TFSA following this initial brutal taxation. I think I have it in me to do a few more deals to recoup my lost proceeds. Hula Hula Cuckoo Penny
I’m just trying to figure out Bruce if I will be taxed for both transactions especially if they happen in the same day. Obviously you won’t be paying tax which is nice for you but for me it’s much different and I’m still working the angles here since I have zero experience with this planned acquisition stuff. I know I’m taxed with spinco shares but I’m wondering if I pay income tax on target share acquisition that follows. I’m going into this with 70% tax on everything. That’s my mindset for now. I was hoping for just one share distribution and then subsequent transaction to follow and later be acquired by purchaser. Nope. It’s two separate transactions in one day, It is what it is. Sucks HUGE. But whatever. Must remain positive. Hula Hula Cuckoo Penny
I know what’s happening Bruce. This might shine a light on our deal. lol https://www.dwpv.com/~/media/Files/PDF_EN/2014-2007/Perspective-Canadian-Spinco-Acquisition-Transactions-Jan-17.ashx
I just can’t show all my cards. I’m more concerned about my tax man. Stay positive. Hula Hula Cuckoo Penny
Bruce, that acquisition you referred to for Astra is for cell therapy company called Cellectis. It has nothing to do with Immune. Sorry to burst your bubble. I like your line of wishful thinking though. That’s a great way to keep up your positivity. Great work. Sadly we have a few more recaps to get through before we get Astras money. Best to you. Stay positive. Hula Hula Cuckoo Penny
Sorry Bruce. I had to read your post again. Yes, it would appear that we just have to wait until Astra completes its purchase as I said. So all these deals are just meaningless to the shareholders. I’m very wary of failing this Investment anymore now that I know the truth that I have to wait for Astra to finish up before I get shares, which honestly could happen whenever. May not even happen next year. It’s definitely not happening this year. Astra is in control and they can do whatever they want for timing. Sucks that I’m going to pay huge tax on this deal. Can’t believe I fucked up this bad. lol. Pride cometh before a fall. What a shit day. lol.
Any ways. I don’t have much to say anymore after finding out the timing of liquidity. No financing for anyone. lol. What a waste of research that was for me. lol, My tap is going off now Bruce. At the end of the day, I’ll have a big win with election. Be well. Hula Hula Cuckoo Penny
Bruce the two part deal completes when Astra decides to consummate the deal. Yes this is a reorganization and yes it should be ending with INVO but as the merger with us receiving newly issued shares but sorry Bruce, I just don’t see that happening. I want to be wrong but I just don’t see it. I’m welcome to be wrong. I want to be big time. I just know they can continue doing expansion mergers without affecting their tax exemption. They have no reason for delays other than simply not doing exit and just doing recap. I have my doubts here big time. I don’t get excited anymore. I used to get excited. Those days are long gone. lol. Hula Hiula Cuckoo Penny
Interesting that you think Astra deal won’t occur on same day. Be well. Cheers
Bruce, I also just learned that the planned acquisition happens on the same day of the SpinCo share distribution. Supposedly it happens within minutes apart. So like I said, nothing happening this year. Astra isn’t buying target this year. This is for sure. ESHA is looking to get in and I see Astra only coming in next year. Hula Hula Cuckoo Penny
No deals bringing liquidity to shareholders happening in 2024. ESHA will be benign like the last deal as well. It’s just insider business for 2024.
“ParentCo and SpinCo must have each actively conducted a business for at least five years, and not have acquired such business in a taxable transaction within the past five years (unless such acquisition qualifies as an “expansion” of an existing business).”
The five year mark will expire end of year.
Hula Hula Cuckoo Penny
Anything particular you waiting for here? Im just waiting for BK to end. That’s the only thing that matters to me. I will be very happy when I see that final report and the final decree. Payments will be dragged out for a bit. I think they’ll continue making payments through the ESHA deal. They need to somehow keep this active. Maybe some new lawsuits by authorities happen. That may give them some time. It’s probably going to get absurd and ridiculous soon. Hula Hula Cuckoo Penny
“Big boys do enjoy seeing shareholders walk away prematurely before the fireworks “
Just saying what you wrote.
In the end. No guarantees on mergers. These little guys are simply recaps for assholes. ESHA is locked in for more assholes, That one is happening for sure since they reported that tidbit I found. Satellos is just a guess based off the last comment Teper made on presentation. They have a great indication that Astra probably wants to have in their pocket.
Sucks big time man that we won’t get shit this year. But that’s the way the ball bounces. Be well. Hula Hula Cuckoo Penny
Bruce. I have zero clue of what you mean by insiders walking away early. No one is walking away here. Everyone knows that it’s a plan. No insider is leaving this until the fat lady sings. That fat lady won’t be singing till 2025 unless they change their mind but I don’t see that happening with the current layout. Please explain your rational on insiders leaving. I sure don’t see how you see this. Recap doesn’t mean you leave. I trust you understand this, Thanks. Hula Hula Cuckoo Penny
OPS is good if you’re a crook. Doesn’t benefit me. OPM is better for me. I will see that in 2025. Till then I just bitch and complain until the day I can take Teper to the cleaners. Hula Hula Cuckoo Penny
And Bruce, when I say insiders, I mean all the old crooks that put us here in the first place. No money and I mean nothing will be coming our way until 2025. Not a fucking cent. I hope that’s clear for you. The only few people making money are the insiders. Not the creditors. Not the shareholders. The assholes that put us here. Hula Hula Cuckoo Penny
And by the way. They can do a second interim distribution, third interim distribution, fourth interim distribution and so on. I wouldn’t get too excited over that distribution business. I see them delaying this for a bit still. Hula Hula Cuckoo Penny
Yes your walk away is correct. The only shareholders winning are the crooked insiders and future incoming crooked shareholders that have known what was happening the whole time. Corruption at its finest. They are making bank on every deal and every deal forward. Recap is a great thing for insiders. Shitty and I mean shitty for Longs but amazing for insiders. I got fucked in the ass left right and center on this deal. Never saw this coming. Hard to see this shit coming when you take the high road unlike most of the trash on these boards and all the management associated with these companies. Fucking scum. And yes, many more recaps coming to exchange and reorganize the cap to get things working in the right direction. I just wish they would start at the bottom. lol. Man would it be nice from a tax point. Hilarious.
That Bloom bastard is a serious piece of trash. Same goes for Gleeson and Shum. Even certain individuals / insiders on these boards are fucking joke to me. Pathetic people. If I didn’t know when to buy but they somehow knew when to buy in before all the news. Any ways. I won’t be howling at the moon here. It’s a waste of time and energy. I know what scum I’m dealing with. I just prefer to be on the other side. I won’t sell my soul to make my money. What goes around comes around. I believe in hard work and using your smarts to get the job done. I don’t believe in tipping or receiving inside info and being of criminal mindset to get things done. It wrong and that’s that. I may not win like most here but I certainly won’t be looking over my shoulder. I will have earned everything all off the sweat of my own brow. Not one fucking person on this planet helped me here. Have a lovely day. Hula Hula Cuckoo Penny
I think this cell and gene editing will be huge in a few years. All the smart players are just setting themselves up to look pretty for the red carpet. No lipstick on a pig here.
I do believe there’s a chance of Astra taking everything in the end but at this stage I want to believe that Teper wants to be working for a while yet. Guys like him are a unique breed that need to keep moving and shaking. That brain of his needs the exercise and I doubt that includes him being put out to pasture. I wouldn’t quit at his age. I would live well but I certainly wouldn’t quite, especially when he has staged everything to perfection. I see a many more deals in front of him. Then maybe a break. Who knows. I sure don’t.
With all that being said, separation is needed before Astra can complete anything. I think that’s the way a two step acquisition is performed. That deal wont be consummated until 2025 unless these guys figure out sooner than later what they want to do. But as I have said, all was negotiated years ago and now it’s just them acting on the promises they’ve made.
One more thing. It doesn’t take 6 months to negotiate a remnant sale. lol. Sorry. It doesn’t. As past cases have shown some remnant sales are used to complete the asset sale with closer than you think parties. It’s a nice way to get a bidding process to occur and have the lurking buyer come in at the end to complete the merger. But will that happen. Maybe they do a clean and boring break and just give the sink to Oakpoint. Israeli trustee is in control at this stage. US trustee is just waiting to finalize everything. Who knows. I sure don’t.
Hula Hula Cuckoo Penny
What theeeee fuck are you talking about. That was some good running off of the mouth. Big boys want what. Shareholders can’t do shit at the moment. Our shares are frozen. There has been no stay. They are simply in distribution payment plan which can be extended. That can take as long as they wish. Israeli Trustee idiot is in control. They can sit on that cash until they are able or willing to give it. What the hell are you talking about. The whole point of using out of country idiots is to be able to have control. Any ways. Thanks for the laugh. In the end the bankruptcy as a whole needs to be completed before anything is done. All these company transactions / recaps can be fulfilled until final report and decree is given. They can just keep the bar moving and absorbing but can’t do an alternative exit until then. I believe they could use ESHA as that possible catalyst. Hell they could use either of the three brain head deals. It’s all about timing on their end. I understand this to be the only truth. I would’ve preferred an early exit with a lower valuation but that’s simply me not wanting to boat the tax. I prefer to separate and start building. Astra as well needs the separation unless of course it wants to gobble up everything. I don’t believe that’s the case. They simply want Immune and it’s Bert. Cytovia / Naya will be going its own direction. Maybe Astra keeps its claws in as it’s going with Cellectis. I’m pretty sure Astra and Cellectis will be merged eventually. That’s a stock easy for the pickings. You have to be blind to not see that as a beautiful set up. I think there’s still lots of work that Cellectis has to do here, but either way Talen is a good technology. Cell editing is where it’s at. Cell harvesting is even better. Pretty amazing how far we have come with medicine.
Any ways. I agree to disagree and maybe they are negotiating behind closed doors. They better be doing something. Who knows. Not me. I’m just patiently waiting for them to start up BK again and get the ball on the road. We just need the distributions to be made, final report and decree. We won’t see that for months. That’s purely my belief since court is the only mechanism they have to keep things held at bay. Out of country money is a great way to slow things down. Israelis love slow. Very patient people. Maybe they’ll bring something up in March / April. God only knows.
Hula Hula Cuckoo Penny
To help you out further Gollum. Lots to do yet. This will be the event one needs. 100% is key. Need those new shares. Hula Hula Cuckoo Penny
We anticipate structuring our initial business combination so that the post-transaction company in which our public stockholders own shares will own or acquire 100% of the equity interests or assets of the target business or businesses. We may, however, structure our initial business combination such that the post-transaction company owns or acquires less than 100% of such interests or assets of the target business in order to meet certain objectives of the target management team or stockholders or for other reasons. However, we will only complete such business combination if the post-transaction company owns or acquires 50% or more of the outstanding voting securities of the target or otherwise acquires a controlling interest in the target sufficient for it not to be required to register as an investment company under the Investment Company Act of 1940, as amended, (the “Investment Company Act”). Even if the post-transaction company owns or acquires 50% or more of the voting securities of the target, our stockholders prior to the business combination may collectively own a minority interest in the post-transaction company, depending on valuations ascribed to the target and us in the business combination transaction. For example, we could pursue a transaction in which we issue a substantial number of new shares in exchange for all of the outstanding capital stock of a target. In this case, we would acquire a 100% controlling interest in the target. However, as a result of the issuance of a substantial number of new shares, our stockholders immediately prior to our initial business combination could own less than a majority of our outstanding shares subsequent to our initial business combination. If less than 100% of the equity interests or assets of a target business or businesses are owned or acquired by the post-transaction company, the portion of such business or businesses that is owned or acquired is what will be valued for purposes of the 80% of net assets test. If the business combination involves more than one target business, the 80% of net assets test will be based on the aggregate value of all of the target businesses and we will treat the target businesses together as the initial business combination for purposes of a tender offer or for seeking stockholder approval, as applicable.
Gollum, if a debtor meets all the requirements, there's no limit to a Chapter 11 plan's duration, though typical plans are structured for three to five years. The court can extend the time frame of the plan for debtors who need more time to make the required payments. A payment plan can take 2-3 years but can also be stretched to 5 years. This longer period would benefit Teper in order to complete his build to buy program. I believe this bankruptcy case will continue all the way through this year and there can be no success until court approval comes. The courts have to approve everything. So Teper can do as many deals as he wants but nothing can be finalized without court being out of the picture and all being approved. Hula Hula Cuckoo Penny
Gollum, bankruptcy can last for many years. I hear 5 years is usual with a 2 to 3 year distribution plan. So many different lengths. I guess all depends on what you’re trying to accomplish. We’re doing well with this case. Five years this coming February 17/19. Can’t believe how time has gone by. We still have a ways to go yet with this bankruptcy. Can’t do anything without court approval. Need that final report and final decree. Hula Hula Cuckoo Penny
Remain positive Corvette. All will work out. We will get there eventually. I don’t see any victories until window opens up. I was hoping that they would devalue the hell out of this deal first then consummate and build it up from bottom. Sadly I don’t think that’s going to happen. I think the END consumer is in control and will most likely run this out until it’s ready. I still remain positive hoping that they choose my desired path. Hula Hula Cuckoo Penny
Remain positive Corvette. All will work out. We will get there eventually. I don’t see any victories until window opens up. I was hoping that they would devalue the hell out of this deal first then consummate and build it up from bottom. Sadly I don’t think that’s going to happen. I think the END consumer is in control and will most likely run this out until it’s ready. I still remain positive hoping that they choose my desired path. Hula Hula Cuckoo Penny
Don’t think anything is completed until enough consideration has been given to satisfy terms. They are spreading the love over a few months. Votes are locked in thanks to change in quorum minimum. Don’t need much to achieve change of control. lol. I believe termination date has been extended to April 30th. That’s good right. Nothing good reported yet Corvette. Have a lovely day. Hula Hula Cuckoo Penny
This is just a you scratch my back and I’ll scratch your back type of deal. INVO needs Naya to help them to the finish line. But they sure don’t need Naya. Naya was also helping some unscrupulous people buy in the INVO deal at the bottom prior to its up- listing. Same goes for Satellos. Satellos is a shit show. Bloom took all to the bank on that one except for Mike and few others I know that got in at the bottom. Hilarious. Scum bags. Art of misdirection. Good luck to all you bastards that are taking tips on the down low. I prefer to take the high road. Fuck you all. Lol. Good times. Hula Hula Cuckoo Penny