Replies to post #28879 on Rock Creek Pharmaceuticals Inc. (fka RCPIQ)

[LutherTiggs]

Maybe. My guess is that because the creditors would not work with them (RCPI)...and the RCPI management came to understand that they had been manipulated/screwed by the creditors/financing deal...that they decided to "get back" at them by going the bankruptcy route. What the RCPI former management gets out of this other than some "personal satisfaction" is TBD.

[seek the light]

Rock Creek went broke because of several factors but the most glaring failure was the CEO putting his faith in Jenkins who was a huge failure in raising capital to operate the company. Jenkins oversold his capabilities to Mullan. It would have been far better to suspend all activities instead of entering into a toxic financing. I did recommend that action to members of the BOD before the company got into trouble, but to no avail.

So one of the most exciting breakthrough drugs ever has been sidelined by a perfect storm of short sellers, politics, and management failures. I do hope someone does buy the IP to eventually bring this discovery to market, but the only hope for shareholders is the very long shot of someone stepping up to bail out the company and getting agreements to change to chapter 11 and bring it back. Not likely IMO.

I am now focused on IPIX and believe it's drug Brilicidan [ bought out of BK for $5 million ] Will prove to be as exciting as Anatabine Citrate.

BTW, i do hope the new version of Anatabloc is legit. I received a bottle yesterday and will try it to try to determine if it does benefit me.