Max has a ROYALTY due to him that those here dont even know about should anything EVER be approved. add that to the loan that CANNOT be repaid without his approval paying 15% NOW. That will all be handed off in his will if the geezer ever CROAKS.
Find the old SEC filings for the transfer of technology from Hoopper and Shanksville to good ole MAX. That is where it all starts. From there ANYONE with half a barin can see that IF CVm made a dime Max or his heirs (geerto ) have a LOCK. Guess who SITTONA is?
"The Company has acquired from Sittona Company, B.V., a Netherlands
corporation ("Sittona"), the exclusive worldwide rights to patented IL-
2 compounds, compositions and other processes and other lymphokine-
related compounds, compositions and processes which are the subject of
various patents, patent applications and disclosure documents filed
with the United States Patent and Trademark Office as well as similar
agencies of various foreign countries. Sittona acquired its rights in
the foregoing products and technology from Hooper Trading Company
N.V., and Shanksville Corporation N.V., both Netherland Antilles
corporations. Pursuant to the terms of the license, the Company must
pay to Sittona a royalty of l0% of all net sales received by the
Company in connection with the manufacture, use or sale of the
licensed compounds, compositions and processes and a royalty of l5% of
all license fees and royalties received by the Company in connection
with the grant by the Company of any sublicenses for the manufacture,
use or sale of the licensed compounds, compositions and processes. On
November 30, l983, a $l.4 million advance royalty was paid by the
Company to Sittona to acquire the license."
"Sittona, Hooper Trading Company and
Shanksville Corporation are all controlled by Maximilian de Clara, the
Company's President. See Item 13 of this report"
Max and Geert has put the screws to all of you you just dont know enough of the history to put 2 + 2 together.
Got to say that I'm disappointed in you. The following is from page 33 of the 10-K filed by CVM for their fiscal year ending 9/30/97:
Prior to October, 1996, Maximilian de Clara, an Officer, Director and
shareholder of the Company, owned 50% and 30%, respectively, of Hooper and
Shanksville. Between 1985 and October 1996 Mr. de Clara owned all of the
issued and outstanding stock of Sittona. In October 1996, Mr. de Clara
disposed of his interest in Hooper, Shanksville and Sittona.
In January 1997 Hooper and Shanksville sold all of their rights in the
MULTIKINE technology to Sittona. Immediately following these transactions,
Sittona sold all of its rights in the MULTIKINE technology to the Company,
including all rights acquired from Hooper and Shanksville, in consideration for
$500,000 in cash and 751,678 shares of the Company's common stock. The shares of
the Company's Common Stock acquired by Sittona as a result of this transaction
are being offered for public sale by means of a registration statement filed
with the Securities and Exchange Commission.
So if you knew this somewhat obscure fact about Max and these other companies, you also knew that Max sold out in 1996 and the agreement was bot out after that.
The fact that you choose to only post half the story is disappointing; I've never had a problem with you having a problem with management, but now you are just outright lying so maybe you're no better than the management you don't like!
The poster known as Mikdel speaks the truth.
"On March 10, 1997, the Company purchased from Sittona Company, B.V., Netherlands, all rights to its Multikine technology, including all patents and trade secrets. The previous agreement with Sittona required Cel-Sci to pay a 10% royalty on sales and a 15% royalty on sublicenses for the use of the technology, know-how and trade secrets. The Company purchased these rights with $500,000 in cash and 751,678 shares of its common stock. This purchase was expensed as research and development expense".
Let it play out.
You have no choice anyway.
IMO 12 months from now this will all be behind you.
Does anyone understand the concept of Blue Sky?
Max founded this company years ago....if Multikine gets approved he's certainly entitled to a much bigger piece of the prize.
Thanks Max for keeping this company afloat!
COD is WRONG. That agreement no longer exists. Be careful with info from this guy. He speaks in half truths.
The Royalty agreement was changed in 1997.
On March 10, 1997, the Company purchased from Sittona Company, B.V., Netherlands, all rights to its Multikine technology, including all patents and trade secrets. The previous agreement with Sittona required Cel-Sci to pay a 10% royalty on sales and a 15% royalty on sublicenses for the use of the technology, know-how and trade secrets. The Company purchased these rights with $500,000 in cash and 751,678 shares of its common stock. This purchase was expensed as research and development expense.
So, let me get this straight, if MK goes Ballistic, and goes to say $20.00, and I have more $$$$ than I'll know how to use/spend, that also means that Max makes da bucks as well?
Oh well, I hope MK makes it anyway;)
T also means that any pharma looking at anything the company MIGHT have has to factor that in along with the bazzilion shares out.
Keep dreaming. 20.00 LOL!!! You be lucky to see 2.00 again. Maybe the Russian Cosmonauts can bring MK to MARS to make air we need to inhabit the planet? Just a thought.