Imprimis Pharmaceuticals Inc (IMMY)

[Bentoman007]

As far as the Cardium deal, there is no way that the court is going to approve that. The largest shareholder and the U.S. Trustee have both objected to it. It is dead.

What does that leave for this stock and company? It has nothing but this product that may or may not get FDA approval IF and WHEN it can come up with the funding for the phase 3 trials.

Quite frankly, I don't see much value here. The stock price will more than likely plummet after today's hearing. There is basically no market for the shares now as it is.

I hate to be the bearer of bad news, because I know that the few people following this board are invested in this company, but I have to call it as I see it.

If there is a bright side to the story, perhaps there will be a bounce play after this stock moves considerably lower.

As for the court proceedings, there will be no concrete answers on the future of this company or any reorganization plan for some time. Be prepared for a long wait. The Petition was only just recently filed. There has to be a number of things take place before any concrete answers are given.