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PROLOR Biotech, Inc. Message Board

john_j_315 8 posts  |  Last Activity: Jul 5, 2016 9:40 AM Member since: Apr 5, 2010
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  • Reply to

    More shares hitting the market

    by john_j_315 Jul 3, 2016 5:52 PM
    john_j_315 john_j_315 Jul 5, 2016 9:40 AM Flag

    That was just churning by day traders/bottom feeders. They play news on small biotechs like this all the time. Completely unrelated.

    Sentiment: Strong Sell

  • Reply to

    More shares hitting the market

    by john_j_315 Jul 3, 2016 5:52 PM
    john_j_315 john_j_315 Jul 5, 2016 9:39 AM Flag

    Those shares will hit the market as soon as they can get them out there Bird. In fact they said in that if and when more are available they will refile for those too. Read the filing and watch the 10Qs going forward.

    Sentiment: Strong Sell

  • Reply to

    More shares hitting the market

    by john_j_315 Jul 3, 2016 5:52 PM
    john_j_315 john_j_315 Jul 4, 2016 5:10 PM Flag

    RCMP - Got it. So I'm not just stupid. Good to know.

    Fill/Finish was 100% bad luck unless there was a massive collusion to defraud with several biotechs. That company screwed up a lot of trials. I think however there is a good possibility the initial results were cherry picked which explains the odd final Phase II results - Some great some not at all. Hard pressed to believe it was just a coincidence. Best foot forward so to speak.

    I don't necessarily fault them for that but everything they have done since has been (from a shareholder perspective anyway) the worst possible move you could make and there I think they have been less than genuine. When they released the results to the doctors before us, that was the final straw for me and I lost all confidence in them and made that clear directly to Gary. Unlike our buddy Left_e_noise BTW. While there is always a possibility (just like the trial results) they are all not just simply not that bright, I doubt that is the case and more likely they are just doing whatever is best for them. Again as I said, they have no skin in the game so they have no reason to be focused on shareholder value. By mistake or by design? Who knows. Right now I'm holding a finger in the air pointed directly west. Can you guess which one? Phooey on me I guess.

    Would love to take these guys to task to find out what's behind the curtain there but these cases are a dime a dozen and I'm guessing they've got everything wrapped up in a nice pretty bow anyway. The redomicile and "extra" protection for the board at our expense was definitely an interesting twist/poor use of shareholder funds. The only real way to do that thought is having the vote and so far from what I've seen we don't.

    Who in in their right mind would have voted for a second reverse split given the circumstances? Only an insider/sympathizer. SOL

    Sentiment: Strong Sell

  • Reply to

    More shares hitting the market

    by john_j_315 Jul 3, 2016 5:52 PM
    john_j_315 john_j_315 Jul 4, 2016 11:37 AM Flag

    BTW, anyone doing the math here? The stock is worth about $0.02 pre double reverse splits and there are about a quarter of a million shares issued not including warrants and options. How many were there when we started this fiasco? Sad...

    Sentiment: Strong Buy

  • Reply to

    More shares hitting the market

    by john_j_315 Jul 3, 2016 5:52 PM
    john_j_315 john_j_315 Jul 4, 2016 11:32 AM Flag

    I'm actually out. Have been for a while now. I just get alerts that pop up now and then that I've been too lazy to turn off.

    BK? Doubt it. My guess is they are quietly run this thing down and in a final capitulation will transfer the whole company (with placeholders for themselves of course) out from under the retail shareholders for pennies and start anew. Those results simply make no sense across the board. Fishy smell. None of them own much stock either so there is definitely zero incentive for them to make this work in it's current form. I can't imagine any other reason to maintain a basically worthless listing. Sabby and the rest are bottom feeders so I can't imagine anything good for retail holders coming from their ownership here.

    This whole thing seems more and more like a ruse to me. Guess I should have listened to you much earlier. Still never deciphered the RCMP reference BTW.

    I will be looking for the twist of the screw once the well runs dry. The money they are raising isn't enough do anything other than keep the lights on and cover their Mercedes payments. They are buying time and getting what they can If you ask me.

    Garbage.

    Sentiment: Strong Sell

  • This is what you get when you give questionable management with an even more questionable track record (and no skin in the game) a blank check. Congratulations on your second reverse split by the way! Through your determined efforts, the dilution printing press is back up and operating at full steam.

    The downward spiral accelerates under the noses of but clearly unbeknownst to the masses. Welcome to the good ol US of A where as long as you do it with a smile, nothing is beyond the law.

    Released last Friday while everyone was sleeping:

    "Through the date hereof, we have sold shares of our common stock through MLV under the Original Sales Agreement for an aggregate purchase price of $5,780,262. We are filing this Prospectus Supplement to amend the Original Prospectus Supplement to update the amount of shares we are eligible to sell under General Instruction I.B.6. As a result of these limitations and the current public float of our common stock, and in accordance with the terms of the Sales Agreements, we may offer and sell additional shares of our common stock having an aggregate offering price of up to $1,436,881 from time to time through MLV and FBR. If our public float increases such that we may sell additional amounts under the Sales Agreements and the Registration Statement and Prospectus of which this Prospectus Supplement and the Original Prospectus Supplement are a part, we will file another prospectus supplement prior to making additional sales."

    You guys should check the SEC filings regularly. www . sec . gov

    Sentiment: Strong Sell

  • Reply to

    A second reverse split?

    by john_j_315 May 16, 2016 9:26 AM
    john_j_315 john_j_315 May 16, 2016 11:22 AM Flag

    NASDAQ listing has no value unless you are raising capital. Increases "potential" investor pool. Given their financial situation and history I would say that is even less so in Lpath's case. Management is just trying to keep the printing press going in my opinion - Futile or not.

  • john_j_315 by john_j_315 May 16, 2016 9:26 AM Flag

    Passing through. Another reverse split? Yikes! For what? If you have all these companies interested in your pipeline, wouldn't you do a deal vs trying to raise capital via a decimated stock? Hmmm. Talk about a management team that apparently doesn't get it. I'll be shocked if after they waste all that money again doing the reverse split, anyone other than insiders are willing to give them more (desperate) money based on the history here. And what exactly are they changing in certificate of incorporation? "At the boards discretion?" Double yikes!

    Sorry for everyone here. A seven for one and now a likely 20 for one. How much dilution will this translate into now with all the options/warrants/ATM & grants (not to mention all those yet to be issued after the coming reverse split and with all the required true-ups in the outstanding warrants that have been and still have to be made)? Forgot about those right? Good grief.

    There's no way I'd vote for a reverse split here - Especially the way it's worded:

    "To approve a series of alternate amendments to our amended and restated certificate of incorporation, to effect, at the discretion of the Board of Directors, a reverse stock split of the Company’s common stock, whereby each outstanding 5 through 20 shares would be combined, converted and changed into one share of common stock, respectively (the “Reverse Stock Split Proposal”)."

    Umm yeah, no thanks. Good luck to you guys once again.

    Shaking my head in disbelief. What a disaster of an investment. Everything that could go wrong did. Tough lesson to learn no doubt.

    Sentiment: Strong Sell