Replies to post #30102 on Rock Creek Pharmaceuticals Inc. (fka RCPIQ)

[1manband]

No chance this will ever merge. Do you understand the difference between Chapter 11 and Chapter 7 bankruptcy?

The massive amounts of unpaid debt do not go away. No one would merge with a company with $100 million in unpaid debt! And the stock will be cancelled upon the end of the bankruptcy.

The stock is completely worthless. Anyone holding RCPIQ shares will lose 100% of their investment. And the stock can disappear at anytime, with any warning as the SEC could suspend them whenever they want as they are almost 4 years delinquent in their legally required filing obligations.

It is entirely possible the stock could disappear tomorrow.

[knuts4oe]

LadyAnge

It has been my, perhaps fantasy assumption, that RCPIQ's Chapter 7 bankruptcy application was a strategy to stop the hemorrhaging of shares resulting from a failed loan arrangement. That fantasy imagines that RCPIQ had made an arrangement with the lender under which it would become a "shell" into which MYMD Pharmaceutical would reverse merge. It would then issue MYMD shares for the shares of RCPIQ held by the lender, thereby converting the existing debt into a stock position in MYMD Pharma.

My preferred arrangement would be for MYMD to authorize 17.04 million shares, and issue to RCPIQ shareholders 1 share of its stock for each 10 shares of RCPIQ stock.

[Value_Investor]

500K shares dumped at 0.0005 today which broke down its previous bottom support! Let's see if RCPIQ will crash to 0.0003 or below again?

[Value_Investor]

Totally about 750K shares dumped at 0.0004 since a couple of days ago! We might see the 52-week-low 0.0003 again as soon as tomorrow...

0.0004 x 0.0005 now. The next three asks are 0.0006, 0.0007, and 0.0008 v.s. the next three bids are all at 0.0001.

RCPIQ (171M shares Large OS) is trading at $68K MV now vs. its CH7-"Q" peer (TXCCQ: 46M shares Small OS) at $46K MV currently but it ever hit $0.0001 or Mere $4K MV a few months ago! Even RCPIQ crashes to $0.0001 it still has much much much higher MV --- $17K!

Will RCPIQ crash to a New 52-week-low 0.0001 as soon as next week due to those so-called "Cancellation" non-senses?

[Value_Investor]

Agreed with you, my friend! Totally over 750K shares dumped at 0.0004 since a few sessions ago! We might see the 52-week-low 0.0003 again as soon as tomorrow unless strong Slapping actions start here to push RCPIQ back to its most recent highs area 0.0024 ~ 0.0014 again...

0.0005 x 0.0006 now. The next three asks are 0.0007, 0.0009, and 0.0013 v.s. the next three bids are 0.0004, 0.0003 (i.e. 52-week-low), and 0.0001. The current bid is up 25% now! Should we start strong Slapping actions to take out all the Dirt Cheap 0.0009s ~ 0.0007s first?

RCPIQ (171M shares Large OS) is trading at $68K MV now vs. its CH7-"Q" peer (TXCCQ: 46M shares Small OS) at $36K MV currently but TXCCQ ever hit $0.0001 or Mere $4K MV a few months ago! Even RCPIQ crashes to $0.0001 it still has much much much higher MV --- $17K anyway!

Will RCPIQ crash to a New 52-week-low 0.0001 as soon as thist week due to those so-called "Common Share's Cancellation" non-senses?

[Value_Investor]

10K-0.0004 x 20K-0.0005 now. The bid is up 33.33% so far! Will RCPIQ surge back to 0.0014 again as soon as today? It just needs about a couple of millions shares of slapping action to break up 0.0014!