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Implant Sciences Corp. Message Board

nowak488 25 posts  |  Last Activity: Jul 26, 2015 11:05 AM Member since: May 14, 2010
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  • Reply to

    Reverse Split / proxy materials

    by onlyimho Jul 25, 2015 10:24 AM
    nowak488 nowak488 Jul 26, 2015 11:05 AM Flag

    But they're not really loaded with preferred shares, right?

    Plus, the value on any buyout is not going to change. It will just be divided differently. If they do a 5/1 RS then the PPS is never going to get back to these levels.

    The real problem with a R/S is that they can then go and dilute the stock after the split, which has a big time impact on your ownership %.

  • Reply to

    Will We See .43?

    by jodiesandy1 Jul 6, 2015 12:49 PM
    nowak488 nowak488 Jul 9, 2015 11:05 PM Flag

    Yeah, I'm very boring. Most people are.

    I'm starting to wonder if you're actually crazy.

  • Reply to

    Will We See .43?

    by jodiesandy1 Jul 6, 2015 12:49 PM
    nowak488 nowak488 Jul 8, 2015 9:50 AM Flag

    Yeah, I posted on my wife's account 1-2 times while using her computer and then I immediately told everyone it was me. Why you still bring that up is beyond me.

    Yes, I'm an accountant. Not sure why that is a big deal to you, either.

    At the end of the day, them releasing the trial results wasn't a "little rumor" it was a major event that we all knew was going to happen. You could even say that it was a fact that they were going to release results when they did and that the pps would appreciate up to that event (over 100% in fact) and then sell off after the news was released (as it ALWAYS does here and in almost every other stock... check out Apple as it drops after they release a record breaking quarter).

    So when I say "buy the rumor, sell the news (a common phrase I thought everyone understood)" it may make sense to infer that I'm not talking about a super secret event that no one knows about. I know you're into that kind of stuff, but reality is pretty boring.

  • Reply to

    Will We See .43?

    by jodiesandy1 Jul 6, 2015 12:49 PM
    nowak488 nowak488 Jul 7, 2015 9:43 AM Flag

    "After six years watching this stock's daily trading"....and that's the least crazy thing in your entire post.

    Believe it or not, the stock followed this little known path of buy the rumor, sell the news. As we progress towards more news, the pps will pick up.

    Keep watching it though...

  • nowak488 nowak488 Jul 1, 2015 9:40 AM Flag

    I didn't realize we reverted back to 40 cents a share...

  • Reply to

    OT: VNDA

    by nuprincu Jun 24, 2015 11:10 AM
    nowak488 nowak488 Jun 26, 2015 7:00 PM Flag

    They are milking it, but you have to remember that it is a drug that has been on the market for 5+ years. It's great for them because they get 100% of the rights (less the 20% they owe to Deerfield and the other party).

    For us, it would end up being $8M a year, if Vanda gets to the peak sales that Novartis achieved. That would be great, but it wouldn't make sense to invest in Titan for just that. We spun it off to stay alive and advance Probuphine. Maybe Probuphine ends up being a bust, but I can promise you we wouldn't still be here if we didn't do that deal with Deerfield.

    Lets keep things in perspective. Vanda's revenue is 10 times higher than Titan would get.

  • Reply to

    Difficult questions to figure

    by stalyon52 Jun 25, 2015 7:51 AM
    nowak488 nowak488 Jun 26, 2015 4:46 PM Flag

    Outside of the increased royalty %, what are the other differences that cancel that out?

    I'm not sure those % were disclosed, though I think the milestone payments were increased, but not the actual royalty %'s. I don't think the milestone events were released.

  • Reply to

    Difficult questions to figure

    by stalyon52 Jun 25, 2015 7:51 AM
    nowak488 nowak488 Jun 26, 2015 12:59 PM Flag

    You may want to tamper those expectations.

    We went to 2.50 last time, but we also were expecting $50M on approval, not $15M. We also had 21M less shares outstanding.

    Parkinson's is a long time off. I don't see it adding much value until they can release some positive Phase II or III results, which are years away.

    Staylon, Titan can manage to operate on the $15M they get on approval. From there, Probuphine sales will dictate whether or not we survive as a company. A buyout is also likely because Braeburn is heavily invested at this point.

  • Reply to


    by stalyon52 Jun 11, 2015 10:26 AM
    nowak488 nowak488 Jun 12, 2015 10:05 AM Flag

    No chance we get 20% of the market in year 1... I don't think they could train enough docs for that to occur.

    I think overtime we can see 300-500M in peak sales (maybe more depending on market growth), which would be a success for Titan and Probuphine.

  • Reply to


    by stalyon52 Jun 11, 2015 10:26 AM
    nowak488 nowak488 Jun 12, 2015 8:16 AM Flag

    The ROW isn't worth much, imo. The market is heavily concentrated in the US.

    Suboxone did $1.1B in sales in 2014 with a 58% market share, so the market is quite large. If they get 20% of the current market, they would at $380M. The good thing for us is that the overall demand for Suboxone is still very good with the main restriction on market growth being the limits doctors have on prescribing to patients. That is something I believe could be lifted for Probuphine because the implant addresses the concern that caused the limit to be put in place.

    Like I said, there are a lot of unknowns, but I can easily see a scenario where we do quite well. Of course, we may not. That is the wildcard in biotechs. Even if we do well, it's going to take a couple of years to get there. You can only certify so many people to do the procedure at a time.

  • Reply to


    by stalyon52 Jun 11, 2015 10:26 AM
    nowak488 nowak488 Jun 11, 2015 11:09 AM Flag

    Hey Angie, I hope you're doing well! Unfortunately, I haven't followed things as closely this time around but I will take a shot at your questions.

    1. I doubt they will have an AdCom. I just don't see the point of it given the outcome of the last one. Some doctors are all for it (I believe we had 6 solid yes votes last time), some are going to be on the fence, and others are going to be against it based on the "procedure" that needs to be done. You're going to get the same opinions this time, but with better results. No need to go through that again, imo.

    2/3. 0% chance of an unannounced approval. The CRL we got last time was overly harsh, so it isn't as if this is a simple fix. I think they will file the NDA sometimes between Q3 of Q4, with approval coming (if it occurs) between Q1-Q2 of 2016.

    4. This is the big question. Based on the AdCom, I think you'll see 30% of the market write this off until we see some positive word of mouth (if that occurs). That leaves 70% who will consider it. Of those 70%, lets assume 50% will give it a go. That would give us the potential of 35% of the market. Is that going to be the entire market or the smaller subset? The data supports the entire market, but I think it will have to be used off label.... Ultimately, there are too many unknowns right now to know how things will play out, but I think we could see peak sales of over $500M if things go right.

    One thing to worry about is the FDA and their aversion to the "procedure" (remember the 30 minute presentation of the issues with the birth control treatment that was pulled?... they did that to sway opinions towards the negative). I don't see this as a "slam dunk" and neither should anyone else here considering the history.

    Who knows for sure? I'm playing with free money and am happy with how things are going. I think the pps will run towards approval, but I'm not sure where it ends up.

  • nowak488 nowak488 Jun 10, 2015 10:36 AM Flag

    All I see if a 100% gain in less than a year.... with dilution having occurred, too.

  • Reply to

    What happened to Jodie? RIP Jodie

    by jenkinsatsac Jun 8, 2015 4:19 PM
    nowak488 nowak488 Jun 9, 2015 3:27 PM Flag

    Haha, I agree with this, but I'm not sure I would call Jodie's episodes "thoughtful material".

    Taking in the opposing view is a great idea, but that view has to be genuine. I'm not sure Jodie is...

  • nowak488 by nowak488 May 14, 2015 7:53 AM Flag

    Credit goes to JT on this:

    "I believe the two parties hired were Woodside Capital Partners, & Keelin Reeds Partners."

    Maybe you can take it down 5-6 notches? No one knows everything.

  • nowak488 nowak488 May 14, 2015 7:23 AM Flag

    I'm not going to discuss this with you further as you have no idea what you are talking about. The consultants did get paid 750K as that was confirmed with the company. They got paid from the money we received from Apple Tree, so I think you could easily make the argument that they were part of that deal.

    The FACT that you were incredibly wrong on the names never being released kind of kills your arguments here.

  • nowak488 nowak488 May 14, 2015 7:20 AM Flag

    Yep, those were the two... thanks for confirming that FACT.

  • Reply to


    by baileysix May 6, 2015 10:37 PM
    nowak488 nowak488 May 12, 2015 9:20 PM Flag

    I don't "believe" in this stock. I have free shares that I'm riding to the very end. They are in at around 70 cents, so I believe I have a very good chance of at least doubling my money in the end (end= approval).

    The rest of your post is more nonsense that is an attempt at deflecting. It makes no sense in the context of anything I said prior to the post.

  • nowak488 nowak488 May 12, 2015 8:55 PM Flag

    I remember going to their websites where Titan was referenced. I'll find it for you...

  • nowak488 nowak488 May 12, 2015 8:16 PM Flag

    Nvm, I now remember there being 2. I am positive we were told who they are. One was hired to determine a value with the other being paid to find potential partners.

  • nowak488 nowak488 May 12, 2015 7:36 PM Flag

    I'm pretty sure they told us who the consultant was. I don't remember being 2, but that is possible.

    Also, I think $750K is a material amount, which is the amount we paid the consultant.

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