He told you where you were wrong, are you trying to say there is debt? There is no debt. There are 99 problems but debt ain't one
haha ok big Big Guy, Pull my old messages & show me were I have been wrong with LPTN yet. I guess you will "get it" when LPTN share price goes to 0. They stole all the money.
Good luck !
Solid Phase 1 results probably doubles the price tag (safety of an antibody drug is NOT a big risk), and any deal would most assuredly be post-Phase 1 results. The key is getting 2 bidders in on the action, else it will be a bottom feeder taking advantage of a company with few options. Most likely result is a $5-10-million-upfront licensing arrangement with a partner, a partner that will execute on a quick Phase 2a to see if the drug works in neuropathic pain (or perhaps some other indication...?), in which case, if it indeed works, there would be a milestone payment and now LPTN is worth $200+ million.
Amira winded down operations and laid off most employees before selling their drug for 300,000,000 if I remember correctly.
I'm hoping the Scam here may be to sell tons of cheap shares to friends (half the company for 5 million maybe?) and then pump the value with Lpathomab or Asonep/Isonep good news, such as a biomarker.
Sad to hope for a scam but that's the best thing I can imagine coming out of this.
The problem they have right now is they are not in a position with any leverage in negotiations unless there were a unforeseen bidding war which is extremely unlikely in my opinion. I still say the best of the best we could possibly hope for is another Pfizer deal - likely with more contingencies and a lot less money.
As you probably know, Amira sold there "Lpathomab like" drug for over 300,000,000 after a phase 1 trial. Would your valuation go up after/if Lpathomab's phase 1 is a success?
Of course LPTN is for sale....and the naming of Gary A. as interim CEO cinches it. Lpathomab is worth $10-20 million, Altepan is worth a few million, and the platform is worth anything from $5 million to $20 million. Having said that, they need to find a buyer wanting one or more of these assets. Maybe, if they get an auction going, they might get $15-25 million. If not, I'm guessing the number will be $5-10 million.
I think Gary's promotion was a smart move. Save money and he knows where everything is plus there probably isn't that much to do from a administrative point of view right now anyway. More importantly I hope with his promotion (based on our conversations), the company will be a little more forthcoming with information. Yet to be seen obviously.
To be fair, there is no debt and the drugs did work for some people. Also they say they can make antibodies that other can not so there is IP, maybe not wanted but there is IP
For sale LOL
Lets take a quick overview of what someone would be buying,
Office space is leased:-0
Drugs that don't even cure a headache & might kill somebody.-0 (potential lawsuit)-0
intellectual properties - 0
A pile of debt-0
So we are left with Phones, Computers, Office Furniture, Pens & Pencils, and a Coffee Maker.
I think 800 or 900 dollars should get the negotiations rolling.
Thanks for all the warnings you have been dead on, I wish I saw this bunch for the scammers you told us they were all along.
Has any of them ever done anything right? That question is for the whole board by the way.
Since AEZS market cap is worth three times LPTN and the AEZS price per share is worth less than half LPTN i am going to assume you are talking about AEZS?
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Who is too diluted?
AEZS or LPTN?
Could you posters explain what you are saying a little better? It only takes a couple of added words.