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Well who do you have faith in then? Alfasigma is the only entity on earth still actively planning to advance Brilacidin in clinical trials.
IPIX's plans are on hold because "the Company does not have sufficient financial resources to advance our drug candidates meaningfully" and Leo gave half our capital to Moshe and Gil to do as they please over at BeaMed in exchange for 35%.
I swear. It's as if postive-no-matter-what longs don't even read the 10Qs.
I'm holding all my shares still but I know clinical development of the pipeline is finished and that all this preclinical BS isn't going anywhere. We have an antibiotic and an OM rinse ready for phase 3 but we can't find a partner? And some think preclinical fungus and nasal spray work is somehow going to materialize into something?
We need BeaMed bucks to ever get this train back on the tracks.
I just wish Leo wasn't siphoning such a large salary and awarding bonuses to himself and other senior officers amid the abysmal pipeline and stock performance. In what sane world does Jane Harness deserve a performance bonus?
It's definitely kaput unless BeaMed really materializes.
That said, the market cap is getting low enough that something like a $10M upfront/$70M milestones/6% royalty B-OM deal could really pay off from here. And there's always an outright sale for $40M or so which would be 4x.
Again though, it depends on whether the buyout number is high enough to make Leo give up the $500K/year salary for life. I think we're talking a top 5 all time buyout premium percentage wise at this point to make that happen.
I'm still holding all my shares hoping two pennies can get cashed out for a couple nickels or dimes before I need to take a loss.
Is it more likely the whole world is out of whack or is it more likely we've been fooled by an OTC "CEO" with three dud drugs?
University testing is way cheaper than running clinical trials. Leo can collect $500K/year with essentially no other outlays so long as someone is playing with Brilacidin in a lab somewhere and making poster board presentations.
He's just going back to his NNVC roots....avoid those clinical trials as they cost a lot of money. He had us fooled for a while but we know what the game is now.
Year in, year out. The only one getting paid is Leo. I think this roughly marks the 10th year with him at the head of the company.
If we don't laugh, we'll cry holding these bags.
Well the stocks/options aren't worth much directly. They are however very valuable.
The large number of free shares convinces investors that Leo is in the boat with them while he siphons off their investment dollars in the form of an undeserved salary. One big red herring.
Then, when there is too much money for him to collect himself, he can send it over to Gil and Moshe to help pay their salaries in the form of a minority stake purchase in BeaMed.
I wouldn't be surprised when IPIX goes under a few years from now that a nice cushy job opens up for Leo or family over at BeaMed.
More shocking is the Jane Harness bonus. Every single clinical trial that began after she arrived has been a tremendous flop. What good is a VP of Clinical Sciences and Portfolio Management with a trial/deal record like she has? Bonus worthy in IPIX land apparently. Again, she signs the forms, looks busy, and maintains the facade that every decision in this company is being made by a simpleton CPA.
I know, I know. If Leo's a simpleton CPA then what does that make me? Super duper simple I guess. Nobody holds a bag of steaming excrement tighter than ol' Sourpuss.
Investors at $0.02 or $0.70 or $3.00? Green is a matter of perspective.
Yeah but why buy now at $0.02 when I can get it for $0.01 later next year?
Honestly the time to buy will probably be around $4.00 after Leo reverse splits it up to $10.00.
Don't you worry there, Pete.
It's doubtful you'll ever have to pay taxes on any IPIX shares. I'd suggest you save your precious Roth dollars for an investment more likely to go green. Remember, you can't take a loss when your Roth stocks go to $0 and you can't ever get that Roth tax shelter opportunity back again.
I flushed many years of Roth allocations down the toilet thinking IPIX shares would explode while I just had to pay cap gains last year on substantial NASDAQ names. Wish they were in the Roth instead.
It's so disingenuous at this point one simply has to laugh.
Oh ok. So I guess it wasn't worth $1.50 give or take a hundreth of a cent.
Ill sell you 400K shares in a block for just $0.25/share.
Or ill sell you any number below that for $0.30/share.
They're all yours French.
REGN was never a company that lost 97% of its market cap and went down to 3 employees.
We are not a REGN comp. No matter what Leo says.
Indeed. Jumping a buck is easy when you have a cure for Psoriasis and cancer. Alas, we no longer do.
Now we hold a minority stake in Jewish light sabers.
I think you're confusing BARDA which is a kickback system for big pharma donors with NSF research grants given out to universities.
Neither indicates merit in the compounds being researched. There are thousands and thousands of PhDs in research positions that would be willing to research anything if it means they get a grant that covers their position through the next year.
Unproductive research is almost as good as productive research when your roof and meals depend upon it.
So why don't the top 20 BPs all contribute $50M to buy IPIX for $1B and then agree to shelve the assets if they're so dangerous?
Too late for who?
Leo has been living large cashing in ON shareholders all these years.
Too late for those who put their retirements in this? Yeah we're screwed.
We have to work on the efficacy part of the equation though.
I think you meant sub 0.02-0.01 for the double down. It's been a year since it was over 0.1.
What will you do when it hits 0.005? What about 0.002? 0.001? Yes we can and most likely will go there.
Is there a price or a date at which you give up on this investment?
Or is hope and double down for another eight years the plan?
I have yet to be able to answer that question.
I'd rather they hold off and save up their money for Leo's next big pump. Trickling in over time will never get us out of this one.
So no Phase 3 start payment of $1M coming for years if ever then?
Too bad it will probably never make it to market...
He was seen at Publix off Barcasa Way a couple weeks ago.
Let's hope. Never have empty bags been so heavy in my hands.
That's great. I'm glad they mentioned Brilacidin and its trial that wrapped up eight years ago almost to the day. Should have a partner any day now, right?
Hey...Leo turned $5M Brilacidin into a $500M pump job. Let's hope he can help BeaMedical do it with their new light sabers.
May the force be with them. Leo! Get me off this sinking ship! It's going to be hard to find a greater fool than me but I know you can do it.
Why did a CPA and a Veterinarian manage to scoop up Brilacidin for $5M out from under the noses of dozens of BPs?
Why did a CPA manage to get the next big thing in laser ablation for $4M?
The answer seems pretty simple to me. The pharma pipeline shtick stopped working after a decade and it's on to the shiniest new piece of plausible technology Leo could buy. Well, I guess Leo didn't buy it...IPIX shareholders who had been invested for Brilacidin did.
I have little doubt when we look back on this, 10 years from now in 2032, only Leo, Moshe, and Gil will have made money on this venture.
I, for one, hope he can pump it hard one last time to get me out of here.
What will they do? Vote 'No' into bankruptcy? Of course not. Once the salary dries up he can just go across the street to Beamed for a cushy CFO or board seat.
Leo has us right where he wants us. We'll vote 'Yes' hoping he can find a greater set of fools than us.
Wow. Forgot about that...
Man...Aruda made out. CTIX stock price averaged $2+ from 2014-2016. X16million
Aruda made more than twice the current market cap of IPIX over a patent mistake.