Shorts continue to decline every two weeks. Interesting to note that Cowen took a brand new 100k share position as of 3/31, after the FDA delay news. They're one of the more active smallish broker-analyst firms & it wouldn't surprise me to see them come out with a coverage buy at some point after the test design is established. Quite likely they took some of the 250k shares sold by Rusnano. Rusnano never wanted those shares, they were part of a Pancela loan agreement & actually the original conversion price was much much higher than the $4.40ish price they ended up getting (I think around $25 or more). .As far as Neil Lyons, heads had to roll with that Russian bank mishap. I don't know if that was his idea but hey, he's the CFO, he has to assume responsibility. The Hercules loan back in 2013 caused a lot of problems for the company as well & pressured them to do that lame financing in June 2014. Hercules recently caused BIND to file for bankruptcy as they insisted on their money early......so.....it's possible that CBLI was under similar pressure until they retired that loan. Again, Neil Lyons has to assume responsibility. The CFO one year contract basically combines a severance package with a part time workload (which is really all CBLI needs from a CFO at this point). CBLI saves $70+k this year & over $200k if it's renewed the following year. Also subletting part of their massive space to another small biotech......my guess would be 10,000 SF at around $100k a year. Very astute money management. Davidovich has put us in position to avoid further dilution.
G&A expenses halved. The payables &receivables went up in tandem so nothing there. At this rate the company can last through the middle of 2018 & that's including an estimated $2 1/2 million going towards the new test.
Hiya Rayonman. I know all about KI as I live just a few miles outside of the ten mile radius of the Indian Point nuclear power plant. Those within receive Potassium Iodide & a forced emergency evacuation in the event of an "event". Never intended or suggested in my initial post that this has anything to do with CBLI or Entolimod directly. I was simply highlighting this new news event, and I believe there IS.... extreme significance in the act of the Belgian government choosing to supply it's entire population with this simple form of radiation medical countermeasure....hence, the "tremendous lot" of meaning in this action, versus "means nothing" as another so eloquently put it. It's possible the Belgians never had a nuclear regulatory commission prod them into supplying the immediate surrounding areas but it sniffs a tad extreme to go from none to the entire population.
Davidovich DID buy shares..... ABOVE the open market last June. Of course, you're SO MUCH SMARTER than he is. So typical, you refuse to answer reasonable questions directly & continue in your lazy ways. I know you ignore issues when they don't suit your agenda, but my point was that an entire country is choosing to provide their (small) population with radiation medical countermeasures.....of course the ones they are choosing are the cheapest & least effective....but, it's a start in the right direction. So....I (obviously wasting my time) ask once again...... Why are the shorts continuing to cover their shares, month after month?
Means a tremendous lot actually..... to anybody with half a brain. A tiny, not very wealthy country taking dramatic steps to give their ENTIRE POPULATION some kind of protection against a nuclear attack. This is the first time this has EVER happened. My problem with you isn't your finding fault with this company or your sarcasm, it's that your arguments are LAZY. Several times in the past few years, I've found quite a few disturbing things (that eventually resolved themselves), just waiting for an effective negative voice to bring them to our attention.......but...... you never mentioned any of them, even though they were totally within your negative wheelhouse. Why...... it's that you were too LAZY to uncover them. This board is truly deserving of a negative voice & I have no problem with that......unfortunately you have proven yourself unworthy to put in any effort besides the endlessly repeated whiny cry of "management is incompetent...management doesn't know what they're doing.....this company is a joke.....blah blah blah". BTW....lazy-man, the shorts continue to reduce their position, even after this latest FDA delay. What's your lazy-man-reasoning for that if your so sure the stock is going to zero?
that's 11 million pills.
"Management will not make a formal presentation at the meeting..." Wow, they skipped the little slide show & you think that has to mean something BAD. I don't know what's more annoying. The fact that the stock is where it is or you......nope......i know........it's you.
Said four months ago we'd close the gap created 1/2014 & I didn't want anyone to think recent news or activity has me wavering. We closed the downside gap instead recently but that doesn't change anything.....we WILL close that gap & bump our heads on the old time $1.15 lows (split adjusted $23), set in 2009 & 2012. Just sayin'................................
and it's absolutely nothing to worry about. The Rusnano group could likely sell their just registered for resale 1/4 million or so shares they took in lieu of loan repayment by Pancela last December. Wouldn't surprise me at all to see the Hal Mintz/Konrad Ackermann folks pick up those shares & add them to their already sizable positions.
"Did you ever have a class were grading was subjective and although your work was very good you NEVER got the grade you deserved because you and the teacher did not see eye to eye for whatever reason?"
And right there, everything about you is made plain. Some second grade teacher gave you a D+ in something you felt deserved a B & you've been hounding her ever since, probably sending her a nasty letter every single month of every year. Unfortunately, we on this board get to share that bitterness, all caused by a very poor showing by you in elementary school.
CBLI has enough money to last through June/2017...and...if they need a little more, I'm sure Davidovich would buy another 3 million shares at market to set them up through spring of 2018. Davidovich is this companies Alfred Mann. If he'd wanted to do a destructive financing he would have done it last year. Instead, he bought stock way above market with no warrants whatsoever. At the time, the company was looking towards a $10 million raise. Without him, it probably would have gotten done at $2.00/share (5 million) & an equal amount of warrants at $2.50. We would have been pretty much out of money already in that scenario with even greater dilution. Take a look at the horribly toxic raises done by competitors SNGX & AOLS recently. Let me also kick in that SNGX received BARDA funding 9/2013. I haven't see ONE WORD about ANY news or progress in their ARS project....NOT ONE. OSIR is another one that received a seemingly huge DOD ARS contract around 8 years ago. Also, NOT ONE word or news or ANYTHING about progress or tests. With crud companies like OSIR & SNGX, it's no wonder the government has become sceptical with project bioshield. The only companies TRYING to do anything seem to be CBLI & AOLS.
Goldendilemma posted that he spoke to IR & the company is speaking to the DOD about reallocating funds towards this test. We're in totally new ground as far as pushing towards a full BLA license, what the DOD wants, but....this deciding test for the EUA could go a long way towards shedding light on the BLA path & I'd find it hard to believe the DOD would challenge this major step once it's gotten the green light by the FDA & it's quite likely this ensuing, yet-to-be-determined test would be a major part of any BLA filing as well. If the costs will be covered by the DOD, that would be YUUUUGE for CBLI.....creating progress out of delay.
but you wouldn't know from simply reading the release. This from Fpmiike, who spoke to IR & I'll post again because it's lost in the middle of another thread..................
..."IR believes the tests will be done on primates but will not require radiation just the concentrated dose for one group and the diluted dose for the other then compare PD/PK between groups. The test itself should be quick but still need to come to agreement with FDA on parameters, set up testing (including quarantining monkeys) and then analyze ". ............................................... & there it is, kind of a partial efficacy test, minus the 'disease causing agent', needless suffering & extended time monitoring & measuring quality of life before death.
Actually, there's a better than decent chance that the $15.8 million DOD money, received late last year & earmarked for varying primate studies on the path to BLA, can be channeled to cover the bulk of the costs for these primate studies.
I'm quite glad that no more monkeys have to die needlessly. The fact that radiation is not part of the test is quite likely indirect proof that they think prior primate-efficacy tests were sufficient. The fact that the company's just recently announced phase 2 Entolimod cancer trial has not been stalled or halted is also likely indirect proof that previous human safety testing is sufficient.
Thanks Snow.....did IR say if it would be mouse or primate studies &/or how large a study was necessary? This all sounds reasonable if not the here-now we were hoping for, it's definitely not a NO or a finding of genetic mutation as was the case in the AOLS studies. Maybe adds another 9 months.
"Science data 'appears' to be good'...... I follow everyday because just in case they get approved I will buy a lot more than 100,000 dollars. I have notifications alerts to my phone so that i can be the first in. If they get it, they will not go from three to 200 in a day or a week. They may double on day one but I will have plenty of time to make money as no one (big money) follows this, and very few understand the upside."........................................................................Let ME give YOU a little help.......this is what YOU posted just a few days ago.
I mean......didn't this just happen less than a year ago? At least this time, the truck was recovered in less than 2 weeks (last year it took over 2 weeks to find). I feel so much better knowing that the Federales are learning & getting better at keeping us safe!
Wow (!!), OK.....so....first you write this.....
'The market knows CBLI 502 will never get approved, never get an order, never go up..... CBLI has and continues to fraud investors......They conned a billionaire to fund their ponzi for another year so they can make their salaries'
& then just a little more than an hour later, you're posting this...
'Science data 'appears' to be good'...... I follow everyday because just in case they get approved I will buy a lot more than 100,000 dollars. I have notifications alerts to my phone so that i can be the first in. If they get it, they will not go from three to 200 in a day or a week. They may double on day one but I will have plenty of time to make money as no one (big money) follows this, and very few understand the upside. '
What happened!?? Did some ominous looking Russian ex-military types show up at your door or was this a simple case of 'in vino veritas'?