EOM Pharmaceutical Holdings Inc. (IMUC)

[kris_kade]

While I am long purely based on ICT-107 potential, couple of things concerns me:

1. Why the institutions holdings have not gone up from just 13% ?
Usually big boys have wherewithal to do lot more DD and cannot believe IMUC is still under their radar. May be the fact it was booted out of NASDAQ Russell index they cannot buy. Don't know but would really like that darn % to inch up atleast by 3Q report due in few weeks

2. Insiders are not buying open market either. Rather they are using backdoor tactics to issue almost 4 million more employee comp shares (they hardly have employees) and 12 million seem to be greedy. So taking options route to invest even at these pennystock prices, is ridiculous. It definitely does not show they have any skin in the game.

3. Thirdly 150 million OS auth is unwarranted unless they plan to dilute ahead of the news (remember in last CC, they said it will take 3 to 4 months to readout the results after 64th even ?). That's aweful lot of time to chew on the 'news' and take whatever 'action'.

Disclosure: I am long with 10k shares GLTA