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Just to make double sure no little minds are scurrying: Immune has ownership of all patents etc for all indications and all improvements including these ones. So screw the rights. And screw the sub license. Bert has ownership of all improvements and has patents for everything. Let’s move on to the next lie. Have a good day.
Immune Pharmaceuticals and Hadasit File a Joint Patent on the Oral Use of Anti-Eotaxin Monoclonal Antibodies, Including Bertilimumab, for the Treatment of GI and Liver Diseases
Just in case you are confused about my ownership comment: Below is from agreement
9.5 All improvements (including but not limited to formulation or process improvements) to the inventions claimed in the iCo Product Patents made by IMPH or IMPH Affiliates or Sub-sublicensee, and any Patents (including but not limited to formulation or process Patents) claiming such improvements, (collectively, “IMPH Product Improvements”) will be owned by IMPH (or its Affiliate as the case may be), subject to the license rights granted in Section 2.7. IMPH will inform iCo of the existence of any IMPH Product Improvements promptly after IMPH is aware of such IMPH Product Improvement. IMPH shall have the sole right, at its sole discretion and cost, to file, prosecute and maintain Patents relating to IMPH Product Improvements and for the conduct of any lawsuits, claims or proceedings challenging the validity or enforceability thereof, including any interference or opposition proceeding relating thereto in all countries.
From ICO agreement
(d) iCo’s Equity Position will be subject to full anti-dilution protection such that iCo shall maintain its actual percentage ownership of IMPH (on a fully-diluted and as converted basis) determined at the time of the issuance of the License Shares, until such time as the License Shares are converted into ordinary shares as part of a public offering or listing on a recognized stock exchange (including by way of merger into a public shell), or IMPH is acquired in a merger or acquisition transaction where all of IMPH’s convertible preferred shares are exchanged (on an equal per-share basis) for cash (and/or stock of the acquiring company), and in each case iCo’s maintenance of such Equity Position shall not be subject to any “pay-to-play” or similar provisions that require iCo to make further investment in IMPH. Such anti-dilution protection shall be effected by IMPH adjusting the conversion price or issuing to iCo an amount of additional Financing Stock that maintains iCo’s Equity Position (so that it remains at its percentage ownership of IMPH (on a fully-diluted and as converted basis) determined at the time of the original issuance of the License Shares). Notwithstanding, the Equity Position will be [***].
Are you guys confused. IMNP owns Bert. Bert is sub licensed to ICO. Bert bought Bert for its indications. There is nothing ICO can do. Plus, the deal with ICO is based off the termination of the deal. Once ICO deal is terminated it becomes effective. So I seriously have no clue what you guys are saying.
All shares purchased before q or outside of BK are good to go. Anything bought in BK is a risk. Especially if a merger is at play. However, If it’s a buy out / Bert sale ( which it isn’t in my mind ) then you are good as gold. I took the risk but I can afford to lose. I’m just trying to do the best I can with the situation at hand. Cheers
I’m hoping the ones before q was added are worth something. It’s anyones guess for shares purchased after. That’s of course If they’re doing merger. If it’s a straight sale then you should make due on all shares. I prefer a buyout. This way I’m gone. I can’t see how anyone would stick around after this nonsense. I think they are thinking the same exact thing. The fact the Teper is creating a new company after what he’s done here is just mind boggling. Total bust for so many good folk. It’s just crazy. I still believe I will get something g out of this. My cost is pretty high. Hopefully I get it back.
I never said that. I don’t believe they will say anything. I don’t believe any product will be sold. If it’s sold. It will be sold to themselves. Vector will play a role in that exchange. Everything is designed here for tax purposes and for change of control and transfer of equity from one pocket to the next. The only thing that is odd is the time delay. Yes I understand that it’s summer now and everything they are doing doesn’t depend on market activity, BUT, why the delay. It’s not a money issue. I’m chalking it up to holding periods for shares purchased in January / February. So I’ve put a 6 month marker from those dates. I will then have to keep thinking once those markers are passed. I’m thinking we will see. I nothing till mid July and after.
There is no rush because they no they will get the extension. He has till September 15th to purchase Ceplene which I still don’t believe they will even do. They will hopefully put some Bert bids up in July. But I doubt that will even happen. The fact they even mentioned they were talking a sale of all assets makes me believe this will be a merger of some sort. I seriously doubt anything will happen here. Either way only two outcomes here and both involve Vector as the winner. But don’t expect to see anything soon. If this has any resemblance to Epicept deal then consummation won’t occur until July / August. I would like to know more about the taxes. That’s what I look forward too. I want to see what these guys are doing from a tax perspective. I just don’t see Bert going anywhere or any of the assets. We all know why they are stalling. Hilarious. No secrets at this stage. Just lies coming from all sides. Need to lie to keep it all moving forward in court. Perjury isn’t anything to laugh at. What a commitment it is. I couldn’t do it. Then again I’m not a crook. So that’s probably why. The main guys live in Israel or offshore. So it’s not like anyone has to worry about FBI at the door.
Be careful of those q shares. I’ve purchased some but this understand the risk. It’s huge. January would’ve been great. February was also good. That other spike I believe was another issue. If that was the case then maybe q shares are good to go. Anyways. If you can bare / handle the risk of losing those share, then go for it. I did. But I’m super crazy.
They are intentionally stalling. Nothing will be done. Nothing will be sold. This is all just a change of control. I don’t believe in any of this. They could’ve done this deal out of BK. I believe this is all being done for tax purposes. On the slim chance this is for real. The deal is done and all they are waiting for is to consummate one second sale has been done. We all know that if everything is sold at once, it’s all going to Vector or merged back in. I’m still laughing that we haven’t seen UC results. If we knew that those results were positive, then this discussion would be done with. They will do another extension. July hearing date as well will be extended. Both trial dates meaning nothing to me. These guys will consummate when they have there taxes figured out. Need IRS blessing. Maybe even SEC blessing. Lots of blessings.
There wasn’t anything after that filing regarding deal. All I’m saying is first S1 was just over two million and then in February after amendment they had just over 9 million. So the question remains. Why by more of something that you pushed into BK? I’m just glad I bought in January and before q.
Another extension.
Haven’t you read all IMNP filings?
I didn’t know there was Discover filings. Where are the discover filings? Can you tell me where you are Discover filings. I only see filings filed by IMNP. Please tell me where you get the discover stuff?
I agree with John. I’m tired. I just want to sell. Hopefully we get that conversion at the new July hearing.
Maybe go to the first date they filed S1 resale registration. Remember buying now may not help you. It’s all about buying before that “q” adds onto symbol. I’ve still bought some more. Just because sometimes it doesn’t matter if q is there or not.
So you just have to look at the resale registration beneficial ownership part before 2019 and after 2019 in the 424b4. You will see that they increased the ownership from 2 million up to just over 9 million. So someone took advantage of liquidation in January. Any ways. Hope that helps. Cheers
There is no licensing fee. Sorry guys. Just checked. The 100k was just bulk fee. No royalty was paid.
Johns already talking bad faith. Already talking chapter 7 / dismissal. That’s the bid D sword.
It was 2 million and now it’s 9 mil. 4.99 percent of outstanding.
Well it’s 100k . 1 percent fee. So do the math.
Hey new motion filing by John has been given. Notice the 1 percent licensing fee. The 1 percent licensing fee of 100000. Not bad for 1 percent
That’s odd Ron. I have no problems buying the shares. That sucks that you can’t. Well you have all summer to buy. Look forward to extension next week. We will soon see bidding in July. August will be plan. I’m not thinking any lift in price until mid August onwards. Till then. Good luck and enjoy summer. Cheers
I need 50 cents to break even.
I guess if you are a trader then that’s what you should do. I’m an investor so I don’t watch the bids. I enjoy mining and figuring out deal structure. Always looking for voluntary share sales. Exit strategies to third parties. Share buy backs. All that good stuff. I could care less about graphs and charts. They are helpful identifying trends. But I’m a long. So not selling a share. It will be good to see them get the extension. I agree. In a few days, you might see some good action. Or not. I leaning towards July and August. Waiting for the plan. Any plan would be good. Consolidation is expected as well pending on what they do. Fun times.
It would be ideal if we could begin discussing double taxation, goodwill, paying below fair value, Step-Up process for buyer, assumption is also another good thing to discuss. The basics. I love taxation stuff. Maybe we have a couple bright people here who could mention
How about you guys? How about you Ski or Turbo or whomever? What are your thoughts? So far I just hear banter. Anyone willing to step out of the crowd and state some good thought. What do you believe will happen? I certain I’m on target here but I would love to have some more feedback and constructive info. I’m all about helping and working towards a winning goal. I look forward to hearing all your in-depth ideas. I’m sure many are just gamblers here that really don’t know what they’re doing. Maybe you two or others here like you have some good insight that you can provide this board. I’m excited to hear.
It is interesting how all Capital shares and outstanding shares are being given over to Vector. It appears like a share deal. Appearances can be deceiving. Originally, I had thought it was a share sale. In asset deals you don’t normally see shares being handed over. But it does happen. Cash for shares. It’s funny cause in either asset deal or share deal the buyer can receive no double tax and as well get assets free and clear. It’s just a matter of how you want to arrange deal structure. Doing things this way is very odd. But these guys are crooks so I put nothing past them. Anything is possible still. I’ve been asking myself why would Teper start a new company with announced plans to go public, but before he does this, he destroys the shareholders prior to action. Maybe these reputation means nothing. Who knows. Just thinking out loud. Cheers
Ski, I’m expecting extension to be given as its a given they’ll get it. I then expect to see Ceplene sold to Vector in June or July. I’m hoping to see a sale motion for assets after extension is given. Since it could take 20 days for motion to be approved, I suspect July would be the month. August will be plan of reorganization. Then they need acceptance which takes awhile. Now there could be one other plan and that’s a merger hence why all the delays. That’s a very big possibility. So is some sidebar. So really only two choices. I choose the first one as I prefer a liquidation and not carry on as a going concern. But, if the split was graceful and kind, then maybe merger would be fine. The last merger was a 45 split. But the share price had also been much higher. So I doubt a merger unless they figure releasing UC results may help them lift price before they had to announce merger. The fact that they haven’t released UC results is a little telling. Maybe bidders get preferential treatment with results for UC. We will easily see that in bids. Just ignore any first low bid. If you see anyone familiar like Vector, just assume it’s game over and merger is the plan. Fun times. It will be a long summer. Once I saw that request to extend, I knew this was going to be delayed. No surprises here. Zero!!!
You have to laugh at this statement made by Discovery. “The Debtors have lost the license for an integral component of the Bert Assets.” This statement is coming from latest filing. I did not know that they lost the license to an integral component. This becoming ridiculous. How these guys get away with this stuff. I had a guy last week try to tell me that ICO was now getting all of Bert. He tried to tell me they were going for all their rights. I was like yes they should go for all the rights for ICO-008. That’s all they had in the first place. It’s crazy what people will say and do to get you to cave in. Very sad world we live in. It just shows you what we are dealing with. What a sham this is. Secured creditor is bought and paid for and is doing a terrible job. At least make the lies more credible.
APA is amended. Deal is signed. Debt and liabilities and contingents assumed. Assumption is not a form of consideration. The whole Ceplene deal is being done for 2.5 million. Why is that??? Why wait to get extension for exclusivity right before approval for Ceplene. Why are they discussing using LTD shell??? Why discuss that??
How is possible that Teper was able to expand Ceplene indications and work out deals with Meda now but early 2018 couldn’t do deal? Why fence Ceplene using Noventia? Why have Hellstrand own rights? Why have all the pieces of Ceplene spread out in pieces keeping everything fenced off far away from Cytovia?
Why would Discover Growth Fund increase their beneficial ownership in Resale registration???
What are they talking about in Israel??
Do they really need to sell their entire portfolio??? I don’t know if that’s right. They could just square a deal with secured creditor and the other folk that put IMNP here. I wonder why the three delays to get judges approval. Why not consummate a deal??? What reasons would they have???
I think Discover will get exactly what they are owed. But they most likely will make most on back end. Did you see how their beneficial holding position went up in the Fund after liquidation. You should look at amended registration. Pretty nifty stuff. I think a deal will be made with Discover. I believe all this has been planned to the tee. At this stage I’m just guessing but having fun doing it. Maybe IMNP does a gift deal with John. Maybe unsecured creditors get a gift from John. I hope we get gifted to.
The shareholders will get nothing from Ceplene deal. It’s a straight asset sale. They are assuming all the debt and the liabilities. They’ve assumed the contingents as well. There will only be 2.5 million in cash given to IMNP. Now divide that 2.5 in half due to taxes and that’s what IMNP will get. Shareholders won’t see a penny from Ceplene deal. Hopefully we’ll do ok off second sale. But I see Armory securities is allowing assumption of assets as well. Oh man. Maybe Bert will be a bust too. Hard cash is always best. Assumption sucks. Empty promises
Discover Fund just filed in opposition of the motion for extension. Wow! Took them long enough. I guess John is too busy doing other claims. Better late than never. I guess he’ll get another chance soon enough. This won’t be the last opposition. What a great life when businesses just line up, willing and able to pay you to put a claim on their business. Plus they give you a little liquidity to top it off. I wouldn’t even role out of bed. I would stay beached keeping my finger on the remote and one on my vaporizer. What a life of Reilly.
I’m surprised you guys didn’t know that they needed to do extension in order to close asset sale that should be a share sale
I’m surprised you guys didn’t know that they needed to do extension in order to close asset sale that should be a share sale
I’m surprised you guys didn’t know that they needed to do extension in order to close asset sale that should be a share sale
Hope they do just one extension. They can do more if they have affiliate or third party request it. Hopefully this will be like the last one and it being done in August. Maybe we’ll see just the tip of the head in July. They are taking forever to unpeeled the onion.
Just listening to mall music as my wife is shopping. No drinks. Just old and bored