Immune Pharmaceuticals Inc (fka IMNPQ)

[Letterpenny]

Did anyone else notice what Tony mentioned regarding bids before petition. Did you notice that the first number wasn’t broken up into cash. I assume that the 45 million was all cash. That’s mere speculation of course. Then do you as well notice the second flub which is big time odd regarding the 120 million deal. Notice the change in numbers. I would say that’s a huge flub. He goes from typing 70 million in cash to 6 million in cash and then from 50 million in milestone payments to 114 million. I don’t know one can make that type of mistake. But what do i know. Then now after petition he suggests that the applicants are now just hoping to receive over 7 million and pay 50 percent to creditors. At least we know stalking horse should be over 7 million. Cross your fingers. The number is rising.

Sadly they also mention they are no where near completing a reorganization plan as they need both court approvals for extension of stay and they need Ico approval to transfer license. Which we all know. So the long hot summer continues. I did enjoy this last filing. I like how the displayed the Israeli stay and that US court can’t overlap decision otherwise it causes great harm. They should of led with this weeks ago. I’m glad they didn’t. It allowed me to do my part as well. They need to slow that type of stuff down. WO on the good news. I still need to accumulate with Brian Skidless.