Why would you think LPC would be buying? I doubt they are. They did a small "tippy-toe" in the water, and they have agreements to buy more, if RGN offers. But what possible incentive has Finkle idiot given LPC...or ANYONE to buy shares????? humm? Name me one single thing gone right for RGN. It never ends.
Now Finkle-idiot states he has not a place to make GMP/FDA quality TB 4 for the heart trial. Total incompetence. He should have known DAMNED well what the FDA would require of paperwork, if Finklestein wanted to INJECT TB-4 into a heart attack patients heart muscles.
Total incompetance. The GMP and FDA approval certificates from the contract place should have been JOB NUMBER ONE..before you go to FDA for trial approvals. This dope Finklestein is like that episode from the 1930's of "Spanky and Our Gang"....rememer that? The one where they said ......"Let's put on a show!"
well......Finkle -diot folows..."Hey, Let's do a trial!".
So far he TOTALLY mi- designed the pressure ulcer trial....(dosed stage 4)...he totally screwed up design of venous ulcers (same).......and he totally screwed up so far not even having right paperwork for FDA on the contract maker for hear trial. DUHHHHHHH. Wouldn't one think that if a DRUG is going to be INJECTED into a person AFTER a heart atack....that the FDA will be ALL OVER YOU for issues beforehand? How on earth could Finklestein miss that????
EASY! Just marry into Goldsteins family and you are protected for life. or at least until RGN goes belly up because of how Finkle-Stein-o ran it.
It PAINS me to think the BOD will grant hinm a raise and a bonus. It's absolutely criminal.
Don't even get me started on Finkle Idiots lack of nary a single patent from the U.S....granted..in over TWENTY YEARS of trying.
Finkle and the Steins..Steins.....should be studied at Harvard Business School as a prominent case study of how to fail. With about 430 increible abstracts on Pub med....a kindergartner coudl promote a company better than he.
On their agreement, they can't buy less than 15 cents right? So this is pretty close, why not tank up with some cheap shares. Couldn't get much cheaper and still be a buy it would seem.
They, like you and everybody else here, must see something in this science that even Mr Fink can't screw up or they wouldn't have thrown their hat in the ring. At this point, it would appear that the only thing Mr Fink has accomplished is to become "a pure incarnate example of the Peter Principle". Oh well, we all have our own claim to fame. LOL
Maybe they can light a fire of sorts under this operation.
Unfortunately, I don't think we'll know til the next quarterly right?
Donk, there is a bit more to LPC's "buying" - - - Yes, they took the initial bunch of shares, and are "committed to purchasing another $11 mil worth <<< SUBJECT TO CERTAIN CONDITIONS (being met)>>>
IMHO,it is doubtful that JJ has even come close to meeting conditions that LPC's lawyers would insert to protect their client from losing $11 mil - - and this latest setback moves the arrival date of the next "tranche" even furthetr down the road.
Best we can hope for is that LPC will team with ST to add 2 more Directors to the Board, this giving them a 4 over 3 majority - - - as I read it, right now Board stands 3 (Steins plus Goldies buddy from GWU) over 2 (2 being ST's man, Bove, and Joe McNay).
PS// apologies to McNay for thinking he could push for anything - - but still wonder why he did not resign in protest.