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Bull Run! $1.00 next up. T-MOBILE!
Smart money flowing to Eastgate Biotech from generex . Good choice!
Love this action here! Big things are happening for $PCTL
DING DONG THE WITCH IS DEAD!
AWESOME SUPPORT! Momentum Heading Towards a Reversal For Pct Ltd (PCTL)
Held strong at support. Not the time to sell but the time to BUY!
HODL!
At support. Time to buy!
Boom let's go to $1.00 pps
ETBI looking very bullish and may break out. Eastgate CEO Bill Abajian speaks at M&A Forum for Pharma, Biotech and Med Device Aug 12-14. Major pharma players speak at this Forum.
MJ Biopharm is to provide EastGate with insulin AT NO COST. The average price for one vial of insulin is about $285. Most diabetics need two to four vials per month. Eastgage has patents for its technology currently at Phase 3.
Break .0064 could be the beginning to a long uptrend.
NOT DONE
Bulls are in control.
Good close .008 is here! Clowns are getting very uncomfortable with their position.
Epic short covering about to occur.
Bullish and headed upwards. Looking forward to .0008
Where there is Smoke there is Fire
FUD on Eastgate Biotech Could be Last Stand for Naked Short Position
Current Financials Due in 2018
Dual Listing Coming with Financials
Extremely Large Naked Short Position
Value Play
Surgery Center Update
Possible Licensing Strategy with Oral Insulin
Eastgate Biotech Corp. (ETBI) has been quiet for a very long time while investor’s have been patiently awaiting their financials. Recent activity in the past couple of days indicates that investors are speculating again that financials are due. The stock is up roughly 46% at the time of this article on very strong volume. With the financials may come an update on the anti-aging clinic Omni Surgery Centre in Canada or more importantly some sort of licensing deal with their oral insulin. Investors appear to be enthusiastic that the surgery center may have done a pivot to unlock some of the value in the unused space by hiring a new medical director who could have brought a number of surgeons to the facility over the past 6 months and moved the company into a profitable position.
Potential Catalysts
In April the company did a 3(a) 10 deal with Northbridge Financial. The company essentially ran out of shares and without the financials complete were unable to issue any more and stuck at this 500 million outstanding share area. Based on the share volume that traded in that period the only conclusion that could have been drawn was that the actors related to Northbridge accumulated a large naked short position. The short position could range from 20 – 100 million based on the trading volume in May. Since June the company has been traded in a very narrow trading band and volume has dried up to almost nothing. With a large short position in place and the potential of the largest shareholder who sold the Omni Surgery center to the company cancelling Northbridge’s deal it’s not hard to see that current financials would be a big threat to the large naked short position. On Investors Hub there is a lot of FUD about the Surgery Center not having any equipment or activity. Obviously if anyone were to actually call the clinic they would verify that it is fully operational but to what extent investors will have to patiently wait for their update.
Dual Listing
Gunpowder capital indicated in a press release on December 11, 2017 that once the filings were completed in 2018 they would “immediately assist Eastgate with obtaining reporting issuer status in Canada. Once Eastgate has successfully become a reporting issuer in Canada, Gunpowder will then assist Eastgate in listing its common shares onto a Canadian Stock Exchange.” A dual listing on the Canadian and OTC Markets is very positive for the company as it increases the size of the potential shareholder base and draws retail investors in Canada that see their model working. The Omni Surgery Center is clearly a testbed in Canada for a much bigger play whereby they use the Surgery Center as a model for future acquisition and a roll up strategy.
Long Term Equity Player
The Company purchased the Omni Surgery Centre for $2 million dollars. The terms to the seller were cash and stock in the ETBI. A new surgery center would cost an estimated $5.0 million and the company had $2.0 million worth of tangible assets in the form of equipment which doesn’t depreciate very quickly. This makes ETBI a value play with a $.01 value based on assets assuming 500 million shares outstanding. Keep in mind that the Seller took stock as part of the deal so he wants to see the stock go up and would be very foolish to continue to sell shares under the Northbridge agreement should they go current. Based on the lack of volume it’s safe to say the Northbridge deal is over in his eyes and he is simply waiting for the update to show the turnaround in the clinic. In essence this is a long term investor betting on equity in the company to make a return.
Surgery Center Profitability Likely
The potential of the surgery center was in its utilization rate. If that has increased then an update is going to be very positive. Based on careful analysis this model is very scalable and once the fixed costs are covered the profit from renting the surgery center falls directly to the bottom line. The shorts could be in for a very rude awakening if this company reports break even number because that would be a prelude to bank financing which loves revenue streams from medical centers.
Licensing Deals on Intellectual Property
The potential to strike a licensing deal on their intraoral insulin should not be understated. This is a huge market in Canada and even bigger worldwide. Investors in the USA don’t understand the magnitude because insulin requires a prescription but in Canada it can be purchased over the counter. Diabetes is a growing disease and this simple technology if employed could help a huge population in developing countries who don’t have ready access to needles for injection. In May 2017 ETBI hired an agent to go after the market in the Philippines where 20% of the population has diabetes and a tablet or a mouthwash could easily treat the disease.
Investment Summary
This company had been a target of shorts and FUD for close to 9 months. It’s clear that something has to give and listing on an exchange or going current with a company with millions in assets and a way to finance themselves going forward is not a good position for a short to be in. As a minimum this company should be worth close to $.01 based on just the value of the one surgery center alone. All investors have to do is connect the dots and hopefully this article puts this investme
http://psinvestor.com/fud-on-eastgate-biotech-could-be-last-stand-for-naked-short-position/
Anna Gluskin: We believe that as soon as we start getting registrations all around the world, we believe that we probably will attract a major pharma that will negotiate a global agreement. That certainly is the major driver, because as soon as big pharma throws the resources that they have to bring this product to the patients, our investors should be able to capitalize on that.
7's up..keep climbing! Can we see 8's?
That's great news.
Is there Patent information for Insugin?
ICBU to Announce New Revenue Sharing Agreement With Fortune 500 Company, Announcement Pending. We should hear more about this rumor from people who matter.
Trending UP - LBSR closed up 8.33 percent on Monday, May 6, 2019, on 17 percent of normal volume. https://otcbb.swingtradebot.com/equities/LBSR:OTC
Trend Long-term UP Mid-term UP Short-term UP LBSR
Still Bullish https://otcbb.swingtradebot.com/equities/ICBU:OTC
With support at its 50 day moving average.
Still looking Bullish. In the green and looking for some more positive news.
Tried to pick more shares up at .0058 & couldn't do it. If it goes lower I'll buy some more and if it goes up I may buy on a dip.
Which company did they take all the way to NASDAQ? Thanks
MJ Biopharm is to provide EastGate with human insulin active pharmaceutical ingredient (API) for clinical trial purposes AT NO COST In exchange for the free insulin during the trials, EastGate has agreed to pay MJ Biopharm a royalty after the countries in the territory have received regulatory approval and have launched their marketing campaigns.
Secruity Details - https://www.otcmarkets.com/stock/ETBI/news
450,000,000 Authorized Shares
Going current with the OTC. Bring on the good news!
I was off by a few days, but here we go on the way up!
ICBU buy more.
Completed the acquisition of LCG Plastech. $1.78 BILLION CONTRACT INDIA - look it up.
.0007-.0008 next week.
$1.78 Billion dollar contract signed and waiting on delivery. These clowns have been here for years and now watching their dreams get smashed. Good luck longs!
Blue Line Protection Group Worth The Risk - Their cash don't stink https://seekingalpha.com/article/3017886-blue-line-protection-group-worth-the-risk?page=2
Avg. Volume 6,511,084 Volume Today 3,756,023
Picking up some cheap shares.
If that is my motive..then what is yours?
Picking up more shares here. Long and strong!