EOM Pharmaceutical Holdings Inc. (IMUC)

[slcimmuno]

Chat w Dr Yu
As indicated on other threads, people have been able to get in contact w IMUC management today. A family member of mine and rather lg shareholder had a chat w Dr Yu a few hours ago – as well, another person from IMUC called later, who didn’t know Yu had beaten him to punch . Anyway, Dr Yu – who came across as smart, calm, confident – confirmed the following:

- Singh left for personal reasons / his decision (confirmed by 2nd IMUC exec as well); that Singh has a 4% equity stake in company and obv continues to want the company to do well

- The Board considered drafting another PR but then were advised against it, that it would just cause more unrest among the masses, stir the pot; they decided best to let storm blow over as nothing material as to the company’s operations has changed, ie,

a) all studies are on track
b) as to the Ph II ICT 107 trial, there is nothing improper as to design, no misreporting of enrollment figs, #s --- and in fact is progressing “better than expected” --- people are living longer so interim results (data unlocked) likely sometime in Q1 2013, a longer timeline than some have suggested, again, due to added longevity of patients (reinforcing efficacy of therapy)
c) institutional investors are sticking w IMUC and not running to the hills
d) his goal, as founder, is to grow the company successfully and has every belief that it will get there, with a share price reflective of its value both as to patients and shareholders alike

Hope this provides some perspective, calm some nerves as it did for this long IMUCer.