Where did you find this information on paying for the latest SeekingAlpha article? I am not against the blog at all but I do think this is just a way to get the stock going. An article like this is not going to have a partner come to the table any sooner. JMO.
I don't know if they will actually file for bankruptcy. I think like a lot of other companies out there they will just stop paying for the auditors and the filings and this will die a natural death. JMHO.
If there is no announcement on the approval this month I am starting to think that Shreya does not want to continue with this partnership. Does anyone want to partner with them?
Well they are not gaining any ground. Why don't they buy up all of the stock themselves if they think that this stock is going to jump? Or maybe they are trying to get rid of their existing holding? Wait in line. Fletcher has made sure that no one makes money on this stock except his Master Joseph Moscato.
Back in late October the announcement was about initiating the analysis of the data. Now they announce locking in the data. What is it exactly? What it is is to get the stock price to about 4 cents so that Fletcher can keep his salary going for a long while.
I suspect Fletcher is going to put on a big push to raise some money so he can continue paying himself this year. If we go by the last Q money will run out at the end of this month. He probably wants the stock to get to 4 cents. But what news will drive it to 4 cents. He has no money for any developments. What are his investors investing in at this point other than paying for Fletcher's salary?
Look at Fletcher's track record for the past 3 years and determine if he deserves your votes.
No roll out of Antigen Express. A promise made at their first press conference back in April, 2011.
No private placement of $10 million promised 3 times via press conferences, news, Q&A at a Shareholder's meeting in New York.
Assets down to nil except for patents that could probably picked up for a dime on the dollar.
Still waiting for India approval even though the S1 statement was amended in 2013 to say that they were getting an approval earlier.
We have to wait until the end of the year in order to get the full data set for the AE37 Phase II study. Long way to go before the start of a Phase III study and $100 million budget to boot.
Their idea of transparency is that Fletcher and the Board discloses after hours the millions of shares they issue to themselves for destroying a company and making sure they collect salaries for themselves while duping the shareholders. Their latest dupe? India. They want to make us shareholders believe that it is a big deal. The fact of the matter is Fletcher could give a s#@t about India. He only wants a PR to try to get the stock price to 4 cents and raise a bit more money so he can collect another salary in 2014. Fletcher has no intention of doing any business in India or any other place in the world.
Maybe Galena will be interested in the data that will come out a year from now? In the meantime, their Phase III study will continue so no skin off of their back.
I think that Fletcher will grab what he can when he can. This act does not look like anyone with any foresight whatsoever. What you call a big GRAB. If he looked beyond paying for his own salary and considered shareholders he would let the stock price run up before grabbing cheap money and printing more paper. Just my opinion.
I think we shareholders know that Fletcher will use up the rest of the 768 million shares in Treasury for his own salary. We have the routine down pat.
Today's PR states a clear timeline. The end of study analysis will be in 1 year's time. So no Phase III anytime this year. Although they will need a partner to enter into Phase III. Unless Joseph Moscato knows how to raise $100 million.
Mr. Fletcher sold all of the other assets if the company to pay himself and not do anything.
Why not sell every last share in Treasury for the same purpose?
Yet another Monday and no news on India. By now Shreya would have received the approval. What is up? If they do not announce what are they going to do? Amend the S1? Not that it means anything anymore when Fletcher does this.