Immune Pharmaceuticals Inc (fka IMNPQ)

[Skier1231]

Just read the filing. The auction is rescheduled for October 15th, hearing confirmation is Oct. 17th. Bids are due Oct. 11th.

The Israeli Court had issued a stay at some point and held up the auction. There was a hearing in Israel on Monday. The Isreali Judge ruled that basically there is an agreement (not sure if it's an actual order yet but I assume there will be one soon), but it is saying that half of the sales proceeds be sent to the Isreal's Receivers Account. I assume so there is moneyy there to cover any liabilities in Isreal? Seems like a lot of money, but I assume that it would all be distributed to shareholders just the same once liabilities are paid. (Immune in the US owns the Israeli entity)

The upside to the delay is it might give some bidders more time for due diligence- 4 more weeks.