You are on point Johnny Boy, so don't let the guys n gals here dazzle you with the facts
The split did occur as your astutely pointed out and all are awaiting results of Z944, so, hold in there, wait patiently for the results and please don't let the boys n girls mess with your mind because you appear to have your hand on the pulse of ZLCS.
"Cutting" is not my style Table, I don't let my emotions or feelings interfere with the facts.
I tend to rely on facts to support my positions or opinions.
That said, once in a while an apparent idiot with bad intentions will arrive on the scene which results in a curt response. We all know who they are and albeit I endeavor, with vigor to ignore, sometimes, not often, I will make a negative response.
I just don't like thiefs.
Forty-one employees, 2.1 million in admin expenses. Gee whiz! Are they hiring?
If the Table won't say it, I will: yes, you are a manipulator, trying to "con" the newbies and those who did not bail on 11/11, now hoping to get a 2nd chance.
Just my opinion Conn man, from someone who has put the cuffs on a lot of con men.
31st day and you are safe.
ZLCs will report earnings this month, maybe this week.
I would not trust anything ZLCS puts out after the way they manipulated/timed the RS, then released the negative news about Z160.
By all accounts, news was not going to be released until the earliest 11/18 or mid December.
If you look at the closing Friday before 11/11, you will clearly observe that ZLCS surged. IMO, management was aware on or about 9/30 that Z160 was failing, so, Corrigan and company timed everything to facilitate their cronies to maximize their investment.
Maybe my views of people has been corrupted be being a cop for many years, however, working on the defense side of the table for 20 years wherein I interacted with a variety of white collar criminals has not changed my views. None were innocent.
From 9/30 to 11/11, my views of ZLCS has left me with a bad taste in my mouth. I would not trust Corrigan with one red-cent.
There are just too many other companies to do business with.
Keep your wallet pocket closed, watch to see if any new money comes into ZLCS next year, then, if it does, keep a closer watch on the company every day.
I don't know anyone except for the Cat Man who was prudent, wise, lucky enough to bail before the significant plunge, but even he got burnt a bit (I think).
I bailed on 9/30, but jumped back in a a few week later planning to exit a week before release of news on 160. My crystal ball told me I could make a quick 4k on 10k, but when the ball was wrong I tossed it out the door into traffic.
PJ, found your statement " I think the development period is over" unclear. If you were referring to 160, then yes, the "development period" is over.
Moving forward, IMO, ZLCS eyes must now be focused on development of 944.
Last quarter, 0.5 million was devoted specifically to 944, while 9.3 million was spent of PH II 160.
IMO, based upon the foregoing, it would appear that ZLCs will now have to spend a minimum of 9.3 million in R&D for 944 PH II?
Again, in my opinion, based upon their significant deficient results on 160, it would appear ZLCS will have a very difficult time finding an infusion of money for 944 R&D.
Would you trust them?
ZLCS only has about 20.0 million is cash equivalents, down .8 million from June.
When admin expenses are factored into the calculus, about 2 million bucks, AND R&D revenue dries up for 944, again, IMO, I don't see how ZLCS can have much life left in it this time next year?
When also factoring in a 10 1/2 million dollar loss this year, (maybe it was the quarter), then, my hypothesis begins to make sense.
IMO, the bag-holders are keeping this stock above a buck. It is too bad they were not among the 13 million shares that were dumped on 11/11, or was it 17 million?
Sure, a week or so later another 7 million shares traded hands to bring ZLCS up, but look what has happened since.
I would like to fill the 4k hole in my wallet caused by the 11/11 fall, (add 3k in profits from ANR to the figure to make the big picture) so I am looking at SNTA, SGYP, CYCC, KERX and ACRX, but the selection process is going slow.
Notwithstanding my comments set forth herein, ZLCS could be a good trading stock, but a trader has to be quick and nimble, getting in and out on the same day. Doing that often can keep a tax accountant busy because of the arcane taxation rules.
My specialty is federal criminal law, not federal taxation, so, I tread cautiously when selling stocks and repurchasing them within a thirty-day period
By all accounts, ZLCS should be out, however, they are hoping to get some cash to fund Z944 next year and then are praying that SNY will get interested in proceeding with Big Red Prednisporin.
IMO, as a result of the significant failure of Z160, cash will not be flowing in to develop Z944, so, unless SNY comes to the rescue, it will be time to put a fork in ZLCS because it is DONE.
Hey "Conn," to make a point with your moniker, your "con" job is so crystal clear, so, don't expect anyone that has been on this board for a few years to buy into your hype.
Moreover, as long as the Cat Man is active on this Board I am sure he will scare away any newbies from also relying on your baloney.
ZLCS has no future based upon the facts; as a result of the very bad news relating to Z160, ZLCS will not get a sufficient infusion of new cash to fund Z944.
Finally, with Exalgo going 100% generic next May, Zalicus as a company will be closing its doors for good.
For the record, I am not irritated because I lost a lot of dollars on this stock because such a result is expected when speculating, however, when I lose money because of fraudulent manipulation of a company, then, that is a total different story and to that end I am glad Cat Man remains active on this Board.
Bag-holders hoping to recoup losses on anyone dumb enough to buy.
This stock is for traders only who plan on selling very quickly (24-48 hours) on upside moves.
The stock is broken as is the company. It struck out once with Synavive earlier this year; struck out again when Z160 did not pan out; then with Exalgo going 100% generic next May, that will be the third strike.
IMO, money will drop the floor out of ZLCS when it fails to get any new funding for Z994.
While there could be some good news on the horizon in 2015, SYN possibly, maybe, kinda-of, putting some money into more development of Big Red, however, ZLCS will probably be BK by then, so, that news won't help.
I see there has been no law suits filed against ZLCS since the R-S which indicates that there probably is not much money in ZLCS coffers to pay the lawyers fees, filing fees, etc., or, maybe there are no grounds for a suit?
Hmmm? Interesting thought!
Thirty days before buy-back.
IMO, ZLCS will fall again to the 80's, then, if it holds I will buy for a quick trade to recoup my losses. I am hoping that will occur after the 11th.
Faks, where you referencing Barnum's quote: "The bigger the humbug, the better people will like it"?
Surely by now, any educated, wise and prudent person who put their pennies down on ZLCS are keenly aware that Corrigan and his band of thieves are a duplicitous group?
Johny boy, you must be a "Legend" in your own mind, but no one else based upon your recent post.
Tell me, Johnny boy, what "big boys" are flocking to ZLCS?
Let me give ya' a "heads up": Grab a fork and stick it in ZLCS cuz' ZLCS is DONE!
Wow, only about a dozen posts today and 1/2 are from advertisers. Looks like the Cat Man is close to accomplishing his goal of fetching the last nails to hammer into ZLCs's coffin.
Thanks for the note on ARNA, but, as of today I am waiting to drop some dollars in SNTA if it falls to $4.00, maybe I will go as high as $4.25. Reuters has some good data on this stock, but also has good and bad on ARNA.
I have to conduct some more dd on WLL, HAL, FFIV and AHS, almost a handful of stocks also on my radar screen.
A wise man once said, "Fool me once, shame on YOU, but fool me twice, shame on ME!
In the case of that fraudster Corrigan and his soon-to-be bankrupt company, he will never get the opportunity from this White Man to fool me again.
Although I could have waited until last week and timed my exit at $1.41, which lasted for a few minutes, if that long, my exit on 11/11 at $1.34 will always serve as a reminder of what a fraudster Corrigan is.
IMO, although ZLCS may rise for a very brief time to $1.50-$1.60, it will see .40 for a very long period of time.
All the bag-holders who could not get this POS over $1.41 last week are going to be hanging on to dead money for a long time.
Face it, we all got screwed, even White men like me who planned on bailing the week of 11/11. a week before the anticipated PH II release date.
Combine that fact with the R-S, and what do you have? A group of fraudsters at Zalicus manipulating their stock.
Now that my wounds are kind of healing, I am getting the b@!!$ to add some stocks to my portfolio, so, hoping to recoup some of my ZLCS losses I am looking at SNTA, JAZZ, and AHS.
SNTA took a dump recently, but prospects look good. At least they have drugs that are marketable, several in the pipeline, as well a JAZZ.
I am not pumping any stock, but, since we all lost on ZLCS, the stocks mentioned above may get us moving back to recovery.
Sentiment: Strong Sell