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$ENZN getting ready for a move higher here very soon IMO
I was reading a write up about the new rules by a securities lawyer and it almost sounds like some non reporting (stop sign ones that deregistered anyways) might continue trading based on previous financials?
Here is a quote from a part of the article:
“ SEC Reporting & the OTCMarkets Alternative Reporting Standard
The tier for SEC-Reporting issuers is tied directly to the timeliness of their filings through the SEC’s EDGAR system. If they are current with their reporting obligations, they will be assigned to the OTCQB or OTCQX; if not, they will be considered Pink. The OTCMarkets is not an alternative to an SEC reporting issuer’s SEC filing requirements.
When an issuer deregisters via a Form 15 filing, its OTC disclosure tier is then determined by prior SEC filings and/or filings through the OTCMarkets.”
I’m still trying to figure all this out.
$MYRX - I have a good feeling that we become pink current soon. $ENZC brought its filings up to date and reached a market cap of nearly $2 billion on that.
If $MYRX releases updated financials and rises till we see a $2 billion market cap, that would mean that MYRX will go from .05 to $58 a share!!
I think we will be in for a huge surprise this summer!
I think newly reporting pink sheet stocks is going to be the new fad through this summer. Some shell stocks have market caps in the hundreds of millions after running so hard.
Great money to be made if it can be timed right. I’m hoping to play this game with Jonathan Couchman’s two pink non reporting stocks. If he does bring $MYRX and $AFFY current, hopefully he does one at a time so I can move money from one to the other lol. He is a wealthy guy and both are current with the states they reside in so I can’t see why he wouldn’t bring them current. wish me luck! Lol
There is no doubt in my mind that stock will run hard going forward. I imagine .20 or higher which would give $FBCD a $500 million market cap. I just hope $AFFY updates their financials so we could have a $500 million market cap here too (which would equate to about $6.75 for $AFFY)
Hopefully you make huge money on it then move some more money over here for more gains.
I just mentioned $AFFY on that board. FBCD’s NOLs will be of little use due to ownership change. AFFY never actually had an ownership change so all $500 million can be used.
I can’t wait till something happens here. We will be well off!
OT - Will stop sign OTC stocks that are current with the states they reside in be exempt from the rule and continue to trade like they do now? It sounds like there are some exemptions but I don’t know which type of stocks qualify to be exempt from the “must be current on filings” rule
Seems like we gotta be close to an acquisition of some sort. I’m looking forward to August when we will see royalty income from Vicineum
I totally agree. We have plenty of time. So much potential here. Dollars per share IMO
The way SESN stock has been trading higher lately seems like a good chance for approval
Still have a 500k bid but I know what you mean. $AFFY will eventually be multiple dollars IMO
$ENZN is a great deal at .55 IMO. August will be a big month
No sellers of $MYRX shares for awhile now. Big things happening in my opinion. They bought 1.4% of Enzon which will get around $200 million once Vicineum is approved in August. Could be in a big surprise if/when financials are updated with OTC.
What does it mean when shares are held at DTC? Is it a good thing?
$AFFY - someone has a huge 500,000 bid in at .06. Maybe something happens soon? That’s a lot of money for a stock that could go to greys if not reporting by September!
$MYRX - Are you still in this one Paullee? I see huge potential here still. The $ENZN shares that MYRX owns is worth over $360,000. I hope that Couchman considers buying the royalty program from $ENZN. Couchman has quite a bit of money in other entities. He could use one of them to provide financing for MYRX to buy them. ENZN could get around $200 million over the next 10 years from Sesen royalties.
Couchman hasn’t responded to my emails lately but I think I will send another one about floating this idea.
Steven Scheiwe who is on the $COOP board and was involved with the huge Washington Mutual/ Mr Cooper merger is also on the MYRX board! This will be huge one day IMO
Thanks for the update! Do you know what it means when shares are held at DTC? Was just curious as it doesn’t match either the restricted, unrestricted, or float share counts. Thanks
What message board did you hear this from? I haven’t had a chance to dig through the entire report yet but will today.
$AFFY...I’ve been doing some digging. CEO Couchman has hired this guy to do his filings and whatnot. Looks like he deals with mergers and the like:
https://www.olshanlaw.com/attorneys-Adam-Finerman.html
Here is a recent MYRX filing that has this guys name along with the well known company he works for on it:
https://sec.report/Document/0000921895-20-002102/
He is spending decent money by using this firm. My guess is for possible merger or acquisition for both $AFFY and $MYRX
Here is a list of the firms clients:
https://www.olshanlaw.com/clients.html
$MYRX....I’ve been doing some digging. CEO Couchman has hired this guy to do his filings and whatnot. Looks like he deals with mergers and the like:
https://www.olshanlaw.com/attorneys-Adam-Finerman.html
Here is a recent MYRX filing that has this guys name along with the well known company he works for on it:
https://sec.report/Document/0000921895-20-002102/
He is spending decent money by using this firm. My guess is for possible merger or acquisition
Here is a list of the firms clients:
https://www.olshanlaw.com/clients.html
$GVSI great run so far! I told George Sharp to take a look at $MYRX if the CEO isn’t interested in it. With only $1.5 million market (34 million OS) it could run from .05 to over $4 and still have a smaller market cap than $GVSI. It’s a stop sign OTC stock so right up his alley
$ENZN will be well over $1 this summer once Vicineum is approved IMO. So much potential here especially with Icahn involved
I don’t know of any other company that has a massive $480 million NOL’s. It would be perfect for a company that is already profitable since under the Jobs act, I believe they can go back 5 years to offset those profits. I could be wrong though.
I’m ok if it sits like this for years. I used money from my speculative account to buy MYRX shares. Most of my money is sitting in SPY and rental properties.
I don’t think this will sit for years. According to one of last years filings as well as the Utah sos, Both Steven Scheiwe and Michael Pierce are currently $MYRX directors. Both of them were directors on Couchmans other merger deals of the past. Steven Scheiwe is also on the $COOP board and was involved with the huge Washington Mutual/ Mr Cooper merger. Here is an article from a couple years ago:
https://corpgov.com/going-public-with-a-tax-twist-can-investors-take-a-page-from-kkrs-playbook/
Do you know of a way to get a hold of a market maker? And is it any market maker that we see on level 2 that we can reach out to or is it a certain one? Time is not my enemy. In fact it wouldn’t bother me if nothing happens till later this year so the majority of all my shares will be seasoned (held for over a year). I can’t buy anymore since I’m near the 5% level with 1.7M shares. I had emailed Couchman just to tell him that I would not buy anymore as to not reach 5% just in case he somehow sees someone buying shares and gets worried.
I agree 100%. I am hoping this is the year that it happens. Every time I think about the remaining shares getting DTC approved a couple months ago, the more I think we close to seeing this get utilized.
According to the 10q, ENZN got over $400k in royalties from Sesen in the latest quarter. Looking forward to August and beyond
I imagine he will bring this current on the OTC. He has already been keeping it current in both Utah and Delaware. Also, it would make the shell less attractive if he let it go to the grey market.
I’m not worried about it. I’m more excited to see its current cash on hand along with the share count info.
Is this a part of the new 15-12 change that goes into effect in September? It will be nice to have more information about MYRX along with other companies.
Do you know if the registered agent knows the share count? CEO Couchman uses COGENCY GLOBAL INC for Myrexis registered agent per Utah SOS.
$AFFY - CEO Couchman has to be close to finding someone to utilize its massive $480 million NOL’s. That’s a huge tax savings for any profitable company.
Our big day is coming soon IMO
$MYRX - I get more and more excited about this company the more research I do. Just a ton of potential here with the $147 million NOL’s, it’s cash, and its 1.4% stake in Enzon Pharmaceuticals.
$GVSI is a shell company with no assets that I know of and it has a market cap of $78 million now after a custodianship. $MYRX would be trading at $2.26 if it had similar market cap!
$MYRX - Ground floor merger potential. At .06, it only has a $2 million market cap. Only 34 million OS. It’s CEO has a proven track record with mergers. A guy on the $MYRX board is also on the $COOP board and was involved in the huge Washington Mutual/ Mr. Cooper merger deal. CEO Couchman owns 20% of MYRX
To put into perspective the growth potential, $GVSI has a $78 million market cap. $MYRX .06 would have to trade at a whopping $2.26 to have the same market cap as $GVSI. $MYRX has cash and has recently bought a 1.4% stake in Enzon Pharmaceuticals. It’s amazing that no one is talking about this one yet. It’s going to be a huge money maker for sure!
$MYRX - Ground floor merger potential. At .06, it only has a $2 million market cap. It’s CEO has a proven track record with mergers. A guy on the $MYRX board is also on the $COOP board and was involved in the huge Washington Mutual/ Mr. Cooper merger deal. CEO Couchman owns 20% of MYRX
To put into perspective the growth potential, $GVSI has a $78 million market cap. $MYRX .06 would have to trade at a whopping $2.26 to have the same market cap as $GVSI. $MYRX has cash and has recently bought a 1.4% stake in Enzon Pharmaceuticals. It’s amazing that no one is talking about this one yet. It’s going to be a huge money maker for sure!
$MYRX - Ground floor merger potential. At .06, it only has a $2 million market cap. It’s CEO has a proven track record with mergers. A guy on the $MYRX board is also on the $COOP board and was involved in the huge Washington Mutual/ Mr. Cooper merger deal. CEO Couchman owns 20% of MYRX
To put into perspective the growth potential, $GVSI has a $78 million market cap. $MYRX .06 would have to trade at a whopping $2.26 to have the same market cap as $GVSI. $MYRX has cash and has recently bought a 1.4% stake in Enzon Pharmaceuticals. It’s amazing that no one is talking about this one yet. It’s going to be a huge money maker for sure!
$GVSI has a $84 million market cap. People should be moving money over to $AFFY and $MYRX which has a tiny $1.6 million market cap and should be pink current soon given the CEO’s proven track record with mergers. Also a guy on the boar of directors is also on the $COOP board of directors and was involved in the huge Washington Mutual/ Mr Cooper merger? Makes you wonder what he will do for MYRX! So much potential as these are unnoticed right now.
$MYRX .05 would be trading at over $2 if it had same market cap as $GVSI!
Hopefully $MYRX .05 ($1.8 million market cap) will be the next $GVSI ($41 million market cap) when it has to be pink current by September. A $41 million market cap for $MYRX would take it from .05 to $1.27!
I think people will be surprised that it has cash in addition to its $147 million NOL’s. It recently bought 1.4% of Enzon Pharmaceuticals per recent SEC filings. $MYRX has not been noticed yet.
From the old $AFFY 10-K regarding Omontys:
If Takeda decides to reintroduce OMONTYS, which is highly uncertain, we are eligible to receive royalties and (i) potential commercial milestone payments totaling up to $180.0 million which consists of the following: (a) $10.0 million is payable upon the first commercial sale after reintroduction of OMONTYS in the U.S.; (b) $10.0 million and another $10.0 million relates to U.S. sales-based milestones, and (c) $150.0 million relates to sales-based milestones in amounts as previously disclosed outside of the U.S. but now including Japan as a result of the Amendment and (ii) a potential development milestone payment of $5.0 million payable either upon regulatory approval in the E.U. or Japan. The royalties are tiered in the range of 13% to 17% with respect to net sales in the U.S. and in the range of 13% to 24% depending on the level of net sales by Takeda worldwide outside of the U.S.
“ February 2013, the FDA had received 19 reports of severe anaphylactic reactions occurring within 30 min of a patient’s first dose. Indeed, among 19,428 patients who received intravenous peginesatide in a postapproval study, there were seven deaths due to anaphylaxis. The cause of this was not clear, but the preparation used in preapproval clinical trials was a single-dose vial, whereas the product used in dialysis units in the United States was a multidose vial with preservatives. Regardless, the manufacturer voluntarily withdrew peginesatide from further clinical use, and this drug is no longer available.”
I think AFFY should bring back Peginesatide but in single dose vials. Then we would be north of $20 a share IMO. Seemed like the drug was fine in single dose vials
Steven Scheiwe who is on $COOP board of directors is also on $MYRX .05 ($1.8 million market cap) board of directors. He was involved with $COOP reverse merger with Washington Mutual shell for its NOL’s
MYRX has $147 million NOL’s. There is only one reason why Steven would be on MYRX board and that is for a merger! IMO