You really don't need to reply to hate mail.
How is your health these days? Are you able to get your on-going Vascepa script, or are you falling back to the OTC alternatives?
I don't own any AMRN right now (took my loss a long time ago). Are you still holding your position?
Wishing you good luck and good health!
Good luck, you may be in the green one day. Right now, I'm afraid it looks like it will happen later than sooner. I took my loss a long time ago. I hope things will get better for everybody.
I am sorry. Don't own any at this time, but still following it. Unfair to the patients and the investors. AKA-NZ (Kiwi) and others: sending you good thoughts.
I am not JHam, but if he saw your question I think he would mention the special case of reverse splits done for the specific purpose of an up-list (in order to attract institutional investors). The "bad cases" are reverse splits that are done to avoid de-listing and are not a mandatory first step in a well-planned series of very positive developments.
I agree with both of you in our appreciation of JHam.
Come join us on JHam's own forum. It has a BCLI section. Many knowledgeable posters, really friendly place, a wealth of information. You may even see his unique hairdo in his avatar. (I am posting under a different user name there.) The address is thebiotechinvestor freeforums net (fill in the dots). You may read the posts without signing up.
All those considerations (will it move the price this way? or that way? what happened to other tickers after such an event?) are irrelevant. The r/s will be needed for the up-listing. Up-listing will be needed to attract institutional investors. Chart "trendzz" are not worth much without some understanding of the business.
1. I sold out quite a long time ago (made a profit). I have no position in it.
2. I do not think it is a "POS". It was not a very good investment when I got out. It may become an excellent investment some day, but I don't have the ability to tell the future.
3. I am rooting for them to succeed, for different reasons.
4. I made a post to ask a simple, straight-forward question: what was the trigger to the action on March 4? If no-one ("know one" in Troll English) knows, that's fine. However, these replies from trolls like yourself and your alter ego are getting old.
Rami, how are you doing?
I have been out for a long time now, but still following it occasionally.
I can see the spammers have taken over this message board. However, in case the sane posters (Rami and others) are still sticking around - what was the action on March 4 about? Does anyone have some insight?
So my post above was wrong.
Prior to founding Brainstorm in the Golden Hand shell in 2004, the research team was employed by the Felsenstein Medical Research Center of Tel Aviv University. There was no entity called Golden Hands within TAU.
Credit to Meifud.
I think it is much easier, cheaper and faster to buy and inhabit an existing shell than to go the regular way (registration, expensive and lengthy IPO process, etc).
Thanks again Mei for digging it up, very interesting stuff.
(Also interesting to note that Irit Arbel came to Brainstorm from Pluristem (PSTI), another Israeli stem cell biotech; we can see so many games of musical chairs in this space.)
More details and better formatting: edgar-online site + /EFX_dll/EDGARpro.dll?FetchFilingHTML1?ID=2984754&SessionID=5WnhHFAQq_nKJX7
Thank you Mei. This is very interesting. I am browsing the Google hits right now. I have found a very interesting SEC filing dated May 21 2004. Looks like Brainstorm made use of an existing shell to inhabit. Another Israeli biotech, Protalix (AMEX:PLX), was also born into (or would that be "out of"?) a shell. Thanks again.
I don't know where they got that name from.
They were founded in 2000 under that former name. At the time, they were a research operation affiliated with Tel Aviv University.
In 2004 they changed their name to Brainstorm, changed their focus from research to development, bought the license for the stem cell differentiation method (from Tel Aviv University through Ramot), and leased their office space in Petach Tikva.
Source: company Web site followed by /index.php/news-a-events/53-press-releases/press-releases-2004
(There is no Canadian mining company in their past.)