Seeing that Maxim got paid to do the placement with Sabby.....and Maxim also received 250,000 free warrants....I wonder if MAXM will write up and recommend RGRX? I had thought that the "quiet period" for write-ups & recos was about a month....turns out it is far shorter.....like, MAXM would be able to recommend RGRX this week if they wanted to:
From SEC site...:
"NYSE and FINRA rules now prohibit analysts from offering a favorable research rating or specific price target to induce investment banking business from companies. The rule changes also impose "quiet periods" that bar a firm that is acting as manager or co-manager of a securities offering from issuing a report on a company within 40 days after an initial public offering or within 10 days after a secondary offering for an inactively traded company."
TEN days is the quiet period for RGRX:
""quiet periods" that bar a firm that is acting as manager or co-manager of a securities offering from issuing a report on a company........ within 10 days after a secondary offering for an inactively traded company."
RGRX reported the deal JULY 1.today is JULY 11...ten days ago.. In theory, MAXM is free and clear tomorrow if they want.
It seems pretty obvious.onvce the MM saw two things.....the supposed (yet again flopped trial (or muddy)......and money boke RGRX did what they(we) expected....another round of large dilution. That got us back to the mid to high 30 cent area....as they bet that it would. However, at this price the MM does not want to SHORT RGRX.....but neither do they want to OWN rgrx either.because they always have believed TB 4 is a POS. So if they won't short here and don't wish to buy.....you get a six cent spread. I don't mid the spread....long timers here play till the end game....all or none. I'd like to buy more, but Finkel always prevents me from.......I want to see detailed trial results....I want to see OSDI....I want to see glaucoma measures they did....I want to see Lee's trial start....I want o se WHEN they will start finla phase 3...I want to see that phase 3 design.. All this we need to see is in a "void".Finkel pretty much knows.and he is silent.
I have an alternative view. It wasn't long ago when we woudl see 30%, 40%, 50% even 70% of our daily volume being reported as short trades on FINRA.. But almost immediate;y AFTER teh trial results came out (top the muddy negative)....outr trading volume disappeared soon after some time.and the short trades are NON existent...our trading volume borders almost zero....or even at 30,000 shares - is equal to a mere $12,000. And now ypu see a SIX cent spread between bid and ask? That is reflective that the marketr makers aren't interested in playing. THAT IS A GOOD THING! because they RARELY play teh LONG side....they play short. Whe the MM is NOT shorting that is good!
I don't know who has hurt us (and TB 4) more....the constant MM shorting over last 10 years......or finkelstein. I suppose finkelstein has hurt us more.
I would not expect any large effect of pressure, because we don't know if TB 4 will do that.byut also, teh pressure was measured JUST AFTER the torture CAE chamber.which is totally sealed and changed of climate. I woudl rather have seen a Day 28 measure, with NO torture chamber. So even a SLIGHT drop in ocular pressure AFTER the torture chamber, COUDl be significant for a trial with NO CAE.and a longer dosing to 40-45 days. All we need is a bint of a pressure drop, and it will be worth doing a small phase 2. won't cost that much. Patienst are everywhere and far easier than EYE NK.....and ORA is all set to do it.
NEVER understimate the ability of Finkel to do the wrong things. But G Tree does control data.
I do not think G Tree has any spare money to buy more RGRX stock. recall that G Tree had teh right to exercise a handful of million warrants, I think aroudn 15 cents...a while back, after their 19 million share buy....and they did not take them.
G Tree did one expensive dry eye with Ora, they now are planning a larger Phase 3. They are slo paying for teh EYE NK trial.cost smay be low, but ORA charges premium prices.
I am still waiting on final trial data. Where is t? I want to see OSDI.and I REALLy want to see the glaucoma pressure measures that were SNUCK in and NO investors, but us know of.. Because this was a PHASE 2 trial....306 patients, so for all intents throwing that glacoma measure in, in a blinded and placebo controlled trial by ORA...is a sideways Phase 2a trial. If there ever was any drop in intraocular pressure measures in the TB 4 arm.....RGRX woudl be $2 or higher immediately. There was a big flop in a glaucome trial last week....by another tiny pharma.stock collapsed.
He could care less. He got his dilutioon money, as I expected. he has his salary. And he recently issued himself 125,000 FREE stock options.which means basically he had no dilution himself. he never pays for stock....we do.
POOF! there goes any hope of Sabby Wabby being able to trade out of the 34 cent stock PIPE deal.....10k shares and we are at 35 cents. I doubt Sabby is dumb enough now to sell stock below his 34 cents cost, so basically he is along for the ride now.
You really don't get it. MAny of us here a decade or longer. YES WE TRASH MANAGEMENT, because they deserve to be trashed! Harvard B Scholl shoudl do cse studies on Finkelstein and ho wto screw uo almsot everty time.. what you do NOt get is this.I am perfectly FINE trashing RHRX mgmt, because they seserve to be. In MY mind, not yours, that shows a certain level of intelligence and DD....because HOW MANY OTHER tiny OTC speculative biotechs have NOTHINg but "fan boys" and PUMPERS. Reason why YOU are so upset is because many of us ARE NOT PUMPERS! We tell it like iT IS! We ALL own a #$%$ load of RGRX BECAUSE WE BELIEVE IN TB 4! WE DO NOT BELIEVE FINKESTEIN IS CAPABLE OF ANYTHING!!!....except collecting his salary and TONS of free diluting stock options..
Walk a MILE in our shoes buddy boy.....SEVERAL MILLION SHARES \are owned by the "mean nasty" posters here you read here. HO MUCH DO YOU OWN? I am personally up to close to several hundred thousand shares. When you can admit to owning that much, then you can moan and groan. Until then? We earned it. We DO NOT "hype to the moon". We TRASjH rgx mgmt VERY RIGHTLY SO!, we are UPBEAT on the prospects of TB 4. THAT is what you miss. RGRX has horrible, horrible, horrible mgmt. TB 4 has always been extremely interesting...if ONLy ift was in teh right hands. Well, I gues it is in G Tree.
Don't know what Sabby does. I don't trust them....but then again, NO WAY can they get out of a 5 million PIPE stock buy in RGRX for anywhere close to break even 34 cents. A mere 40k shrs dropped RGRX to 39 cents. Another 100k would get RGRX to 35 cents. So why would Sabby do that? If they try to sell just 250k of 5 million... shares, RGRX is at or below 34 cents. So for little money they screw themselves, mark wise. But who knows. They coudl be using a 3rd party to illegally sell short for them. PIPE investors aren't the classiest people in world....they are bottom feeders.
walk a mile in our shoes before pontificating. I coudl pick three of the grumpy posters here, you diss..and we'd own over one million shares I bet. I could add just one other, and a couple of his friends.and I bet we'd all own probably 3-4 million shares total.
We've earned heh right to b****h......you are just a newbie latecomer.
Corn and soybean meal.....perhaps the biggest feed costs for raising hogs....are collapsing again today....big. The acerage planted was bigger than expected and weather conditions are good. Corn is cdwon to $3.35 a bushel.....this is a HUGE boon to SEB. but what does SEB do? Go down and down. Tyson, Pilgrims, Sandersons Farns and Hormel are all rallying big time....some to new highs...because te market sees the collapse in grain prices..
I just don't get it. China pork production is no in a deficit, they are massively incressing USA imports....grains collapse, Hog prices up 40% in about 8 months. the shorts SLAMMED SEB because of low poek prices and higher grain costs. BUT? Hogs INCREASE by 40% and grains DECREASE by 40%...and shorts still slam SEB.
I do not understand what Bresky is doing. he sits on $500 millioj of CASh and ST investments. he earns no monety on that stuff. His shares have collapsed. All other protein stocks are soaring. SEB earnings will be better gong forward. SEB still collapses. BUY BACK STOCK HERE!
This is crazy. SEB is dirt cheap. Hog prices have risen almost 40% from earlier in 2015 lows. China is in shortage of pork and their imports of US pork is increasing rapidly. A few months ago Corn hit almost $4.40 a bushel.corn collapsed....today it is down almost 6% to $3.35 a bushel. then, Soybean meal has also collapsed. SEB's biggest cost is FEED!!! what does SEB do? Go way down. Makes no sense. Corn collapses to 3.35 bushel.soybean meal collapse.....hogs increase almsot 40% in price.and pork deman from China is going way up. every one of those is GREAT for SEB.....Tyson, Pligrims pride.....Sanderson farms....ALL have skyrockted to new highs almost. what does SEB do? go straight down.
the shorts in SEB are very active.
I'm looking for a surprisingly strong Q2....but hope that the commodity divison doesn't mess up.
SEB will also collect $8 million in Q2 from teh 10% interest re set of the $165 million butterball loan. SEB is taking bio fuel tax credits each Q now......and bio fuel prices (which SEB makes) are up strongly.
Still , SEB all butcollapses? Steve Bresky ought to have his head examined for not buying back tons of shares down here. SEB sits on about $500 MILLION of cash.....after all debt.
EB, EB, EB, EB......think back boi & trot. I'm right. Oue EB trial, whoch was also given FDA Orphan Status.was setroyd by the FDA. Just like they are severly hampering our EYE NK trial.....and teh eye NK has good chance s success, because it is a longer dose and there is no CAE involved.
The EB found i near impossible to find patients. No parent wantd a plancebo risk....to painful. Same is happening with Eye NK....patients don't want a placebo risk. Finally? After over 6 years, RGRX halted the EB trial because they coudl not get enough patients. I think they had barely a couple dozen. Resultys very muddied.. But dr. Jo-David Fine reported one of his pts showed remarkable healing and never had had any in 20 years..
EYe NK is our fatest possible approval venue. Only 46 pts and FDA gives expedited 6 month priority review (if it works). So yeah.... Gtree whoudl be talking to FDA about teh trial design.....because alonmg with RGRX , they can say look what the FDA mandates did to that trial. It was finished before it even started.
A few days ago, the Wall Street Journal dia blistering editorial against teh FDA. It was regarding that rare boy's disease and drug approval.. It all goes back to very rare doseasses and PLACEBO. No one wants to take placebo in rare diseases.they want active drug. So this boys disease has some 'statistical" that the FDA did not care for.but on other hand, many boys DID respond to the drug. So what does FDA do? decision is soon? The WSJ has nailed the FDA as often as they can on this IDIOCY at the FDA. the drug worked for many boys, it is safe.so APPORVE IT.
I've harped on this too. I think eye NK has a real good chance. NO CAE MACHINE!!!!! But the stupid FDA demands placebo. Thus no patients ign up. Maybe the FDA reads the WSJ editorial and will wake up obn rare diseases. I've posted often that G Tree shoudl bring this up at teh FDA summer meeting. The FDA also screwed RGRX before with teh SAME situation in EB trial.6 years and no patients signed up really. but some early look on one pt showed remarkable success. If FDA approves Sarepta.then G Tree can ask to change EYE NK trial
Well, Finkel picked them yet again.not quiite as bad as a PIPE deal, but not far off it. Sabby is a real penny stock player, and they have been in trouble with the SEC before. but the BAD news is just how their firm is described:
"Sabby Capital is an activist investment firm that predominantly invests in warrants of small cap healthcare companies."
Sabby also touts their 'VOLATILITY" fund. read this again:
"....investment firm that predominantly invests in warrants of small cap healthcare companies."
So what does that point to" It sure reads to me like they buy a ton of stock, deeply discounted.then they try to trade OUT of teh stock over time, from that low discountd price and try to make a profit off that. but then if they can do that....even for a breal een or small profit.what teh VOLATILTY fund they hype is then left holdimng millions of warrants in tons of companies.....and the warrants are free and they traded out of some stock. A home run if just some of them ever "hit".
Once again, Finkel dug to the bottom of the barrel.The real #$%$ suckers. he took the easy way out.
I also noticed that MAXIM charged RGRX an 8% fee...8% is a lot. but then, true to form? RGRX ut MAXIM in for an ALSO over 250,00 FREE warrants.
RGRX is dealing, again, with teh low lifes of investment world. Sad, but so typical.