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AcelRx Pharmaceuticals, Inc. (ACRX) Message Board

calif_grl99 9 posts  |  Last Activity: Aug 7, 2014 5:03 PM Member since: Jan 12, 2006
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  • calif_grl99 by calif_grl99 Aug 7, 2014 5:03 PM Flag

  • calif_grl99 calif_grl99 Aug 7, 2014 5:00 PM Flag

    Longwood does not have to file 13F's due to size requirements. They also do not have to update their 13g holding filings till end of the year filings are due.

  • calif_grl99 calif_grl99 Aug 7, 2014 4:41 PM Flag

    here's the link to institutional holders as reported on 13F's as of end of Q1 - scroll down to the bottom:

    Also, just look up Great Pointe Partners latest 13 F, it shows they have ZERO shares of CBMX.

  • calif_grl99 calif_grl99 Aug 7, 2014 4:09 PM Flag

    Great Pointe already sold all there shares, and Longwood doesn't have to file a 13F, so we don't know if they sold out or not. My comments on institutional selling is based on all available public info. 6 funds sold out completely and 12 funds were net sellers in last quarter. 1 new fund bought about 10k shares, so non material.

  • calif_grl99 calif_grl99 Aug 7, 2014 2:21 PM Flag

    LOL, Institutions sold last quarter when they got wind of the trial - look at the institutional holding, not many are left. None of the institutions own enough to matter now, with the most being 99k shares of a $2 stock - hardly a meaningful investment for a fund. This stock is owned by lots of small traders / investors that have no idea about this lawsuit and haven't done much, if any, due diligence. Hopefully CBMX wins, but not a slam dunk, is all I am saying.

  • calif_grl99 calif_grl99 Aug 7, 2014 12:08 PM Flag

    Whats at stake is the $25m settlement that CBMX received based on their claim against National Union, the insurance company. If CBMX loses this case, they would have to refund the $25m (that they don't have). CBMX tried to pass the initiative to raise the share count at the last Annual meeting which would have allowed them to raise funds to pay this off in an event of a loss of the trial. Now they do not have that way out. So if they lose the case, the equity goes to zero, imho.

  • Reply to

    Next PR pump above $2.50 I am likely out.

    by sejohnson511 Aug 7, 2014 10:09 AM
    calif_grl99 calif_grl99 Aug 7, 2014 10:54 AM Flag

    I don't think it will go on very much longer, except that both sides will likely appeal. Its worth reading the court case if your an investor in CBMX - just google it. IMHO, Some points that the plaintiff is making will not be difficult to prove. The problem is that the former CEO was very unscrupulous, and has left this company open to this lawsuit by his actions. I am hoping for a CBMX win, as I do believe there business prospects are pretty good and that they will eventually turn the corner, but I don't think a win on this court case is a slam dunk. Like I said 50 -50 probability it could go either way, imho. And given the length of time its taking to ramp up revenues, it's clear to me that even if they do win the court case, there is yet another capital raise in CBMX's future about a year from now (when cash falls below $5m). That will likely hang over the head of this stock until the break even point is clearly visible. And that Break even point is OVER 2 years out now, as doctors are notoriously slow to adopt new methodologies and diagnostic tests, imho.

  • Reply to

    Jeffey is Michael Strathmann

    by calif_grl99 Aug 7, 2014 9:52 AM
    calif_grl99 calif_grl99 Aug 7, 2014 10:02 AM Flag

    While you are correct, its been my experience that literally anything can happen in a court of law. CBMX is still paying for the sins of the former management team that was very unscrupulous. I would say the odds of a CBMX win are 50 / 50 imho.

  • Who else would post on here practically everyday since he filed the lawsuit in 2011 ?
    But if CBMX happens to lose this case, they are out $25m, and the equity goes to zero - no wonder CBMX tried to increase the total number of shares they could issue from 25m to 35m, if they lose now they don't have a way to pay it off. Its my belief that Strathmann's attorney is doing this all on contingency hoping for the big payday at the end, just like Strathmann.

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