Sunday, March 04, 2018 12:12:17 PM
Interesting perspective.
Correct. It's a Microcrap biotech scam.
As opposed to continuously cranking out PRs as though nothing was wrong. Then came the Nov update, and the revelation they ran into a series of problems.
Yes, they have a vested financial interest in Austrianova, being the founders, and exec officers. Why wouldn't they keep peddling their encapsulation method?
The storied history of Austrianova is they were formed in 2004. Unable to attract sufficient private equity funding, they still attempted to build manufacturing facilities in Singapore, and went bankrupt, as you state in 2008. Enter Nulivex, the forerunner of PMCB. When they buy SG Austria Pte. Ltd (headed by Gunzburg, Salmons) in Jul 2011. Apparently a subsidiary stub of SG Austria Group. Through 2011-2014 Gunzburg in particular was active in Nulivex, helping to arrange funds to flow from Nulivex to Austrianova Singapore. Surprise Austrianova able to announce completion of facilities in 2014. Austrianova scraped up funding from the Microcrap market through the back door.
Part of the gibberish Kenny pumped in 2016, while stating they expected an IND to be approved, with a CT starting by year's end. Sound familiar? Note this passage:
Back then Kenny seems to have been peddling CIAB as a front line treatment. Here he's admitting recruiting patients is going to be difficult. He goes on with...
Well guess what- Kenny recently admitted the FDA wanted "hundreds of patients", or an estimated total of 240. So two yrs later, it's suddenly not that expensive after all, and won't take years? Some of Kenny's older PRs were sort of sloppy.
They would if PMCB were not a scam. Time to market is money. But for a Microcrap scam, elongating the time, so insiders can continue to dump stock is more important.
All they have to do is read the CFRs.
And those choices will appear in the market. Meanwhile Kenny will be promising an IND any month/year now.
The Jewel of the Mind is Colored with the Hue of what it Imagines
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