Completely agree capitalist pig. Cheerios and Olive oil should watch what they say. If they want to make health claims, submit them to scrutiny.
And yes, modestly regulated capitalism is the best form of govt I know of.
Interesting point on exchange of information. No doubt there is a shady past here. With new mgt, we will see if Sins of the Father applies.
I still think this news was good. Now will it lead to a huge run up in of itself? NO. Certainly not the $1 a share as some have predicted. More news, good data and time will be needed IMO. But its a start. I applaud any science, especially since I wont be funding with shares. Mgt certainly is not suffering with modest salries along the way, why should shareholders?
Nope. Tired of this BS. Different scenario.
FDA sited Diamond because of health claims they were making, specifically Omega 3s. That WAS JUSTIFIED. Why? Because companies cannot make unproven health claims on their products. You thing govt is bad, can you imagine how bad consumers would be ripped off (or worse) if there was no oversight of health claims from the private industry, which is driven by PROFIT! caveat emptor abound.
So as a result Diamond changed their marketing practices and claims. IN THE END, they PAID 2.6M to consumers as part of a settlement. You forgot to mention that I see.
RCPI was also sited for similar circumstances (advertising health benefits). However their product treated Inflammation, and thus in order to keep on the market presumably they would have had to remove all reference to treating inflammation.
Remember, RCPI Pulled the product on their own, fda did not tell them to pull. People were buying it after the letter was received. The issue was how it was advertised. In the end RCPI wants fda drugs, not supplements, to be the primary business, as stated by the CEO. The right decision IMO, although I would like if they could sell abloc without marketing the inflammation/health benefits.
So stop the BS about walnuts being a drug. Thats an over simplification. It was the CLAIMS Diamond was making ABOUT the health benefits of walnuts. I personally think there should be more of this given the false advertising we see of health benefits.
They have already insinuated that a reverse split is necessary so NO, not likely $1 by march.
By they way, how did you come up with your $200 Million dollar valuation by march? what news event would justify that value? STARTING a phase 1? I mean you MUST have a specific news event reason as to why it will be $1 since your target is so specific, right?
Who should be in jail, the short or the guy that promises $1 a share?
he he, you never fail to entertain pharma/franco.
You so funny with your 13 cents a share.
While I agree that its not disastrous if they dont announce by end of month, lets face it; the message board has a history of interpretations AND so does the company. What I mean by that is that the company has a terrible history of not treating shareholders with respect.
Remember, shareholders are OWNERS of the company, not some jerks to be ignored. Say what you mean and mean what you say to shareholders at the meeting, otherwise its pumping.
correct, certainly better than giving them. However, to have a max purchase price of 16 cents is insulting. I would hardly call 1.6M in exchange for 10million shares in dilution a fair deal for shareholders.
Thats a few cents above current highs. So wheres the incentive for mgt to succeed when every year you just drop the price per share that mgt can purchase?? Aain there is no way to fail when every year you just renegotiate the price at which they make a killing. This would not be so bad if if werent for the fact that this on TOP of the big base salaries they already command. Then theres also the fact that they bleeding cash due to lawsuits which are a direct result of previous mgt misbehavior. All things that require the shareholder to reach into their pocket for more dilution.
I love the science, but more and more it seems that loyal long germ shareholders will end up losing even if the company succeeds in generating successful trials.
How has ANY OF THAT HELPED YOUR CAUSE!?? I thought a massive short covering (50%) was going to lead to a huge squeeze and runup in price? The opposite occurred
Its a simple game of risk vs reward, which you clearly do not understand OR you are a paid pumper.
Shorts covered to take some profits because they have made HUGE money off the longs. Makes perfect sense. Does this mean that RCPI stock will take off to $100 a share? Nope. It means they made a bundle and took some profits.
By the way, the news yesterday was so good, the stock was only down13% today. I guess you were right.
Yesterdays news was not devastating to the company, it was good. They have funding and can keep the lights on. Great. It was not, however, bad news for the shareholder. Its clear more dilution is coming. All the while insiders and management get huge salaries, and access to buy at 16 cents a share for 3 years. (even further diluting the average shareholder). According to you that should be steal. I have an idea, why didnt they make it $1 a share, or $10? I mean this is going to $100, why would they give away the farm? 3 years is a LONG time, should the PPS be huge by then?
Whos to say they are going to wait 3 years??! They can do so AT ANY TIME.
If they are smart they will issue at higher prices after the reverse split, but at current prices its a BIG dillution and a sign of the cash needed. Besides why would the need the cash in 3 years anyway?? Arent the partnerships that are going to pour in take care of any cash needed?? Why would they need this when they are going to get billions from big P?
Look this is not devastating, but stop pumping this as an overwhelming positive event.
Do you realize what a 50M shelf AFTER a reverse split would do to current shareholders at current price?!??
So the foundation is set for the dilution AFTER the reverse split.
$50M at this share price would be an additional 350+ Million shares.
Oh by the way, an additional 10m shares also for compensation plan.
We may offer and sell from time to time up to $50 million of any combination of the securities described in this prospectus, in one or more classes or series and in amounts, at prices and on terms that we will determine at the times of the offerings. This prospectus provides you with a general description of the securities we may offer.
1. is old news. baked in IMO.
2. No INDs YET. We shall see.
3. Thats what FDA studies are for. Product worked great for me, so I still think they COULD have something if its safer in higher doses.
4. Cant argue with that. Bleeding cash is their biggest problem.
5. Cant argue that either, but again baked in IMO.
The biggest is cash and spending IMO, and frankly thats enough.of a problem to trump anything else. I was originally speaking in the short term however (3 months) when I wrote this, and in the short term it not as critical. Longer term is a different story.
Trust me, not saying this is a good buy here, just thought the odds of a bounce in the SHORT term were better than other times in the recent past. DIdnt pan out yet, perhaps if they do announce Phase 1 it will.
I agree phase 1 announcement is not a big change in regards to stock price. However, nothing goes straight down, so Im guessing it will cause a bump from day traders and swing traders on the news.
again just a short term pop.
Phase 1 would be the START of what could be a permanent change. It could signal the start of a bottom IF they get a handle on the cash and spending situation. That has yet to occur though, despite the talk from mgt. They are still bleeding cash hard, so they can talk all they want on it, until the finanicals say so, its just talk.
Phase 1 is not just safety apparently, however agree, strong Phase 2 data will likely be needed in order to garner the interest of wall street.
While I applaud the science and start of trials, this company is still bleeding cash hard, so until that slows down, I still see it as a great risk too. I wish them luck, but as usual, overspending plagues any future and kills the shareholders. Was thinking a bottom could be close, but after consideration, spending is still the enemy here. Like you, MUCH easier fish to fry longer term.
Good call, no bump. I waited for any volume, but there was none. I figured retail would pour in a bit more then this after the news, which could have caused swing traders to pour in. Seems retail traders are out of gas after the pounding. So much for the "adding 100k shares here" nonsense from the usual crew.
As far as the short term, I dont know of any bad news on the horizon, except the usual cash issue (and new shares) as well as the market risk as a whole. Doesnt mean no surprises, I just dont know of any. If phase 1s drag out that would be bad, but my guess is they wont and announcements will come.
If they can make it to the phase 1 announcements that should should cause some sort of reaction, but I dont think its a permanent change. Permanent change in direction will have to come. There is way too much previous management nonsense in the past to overcome to have any confidence. That means it will take time, good phase 1 data, less hemorrhaging of cash, and securing more cash for studies. A very tall order for sure, but not impossible. Still, its too risky for my plan at these levels. As usual, will swing trade when appropriate and avoid any long term adding until things prove themselves and thus there is much less risk.
Exactly. I agree. More then that, it would have to stay there for 10 consecutive days. Seeing as how thats in about 45 trading days or so, no way
Reverse split it is, which comes with pluses and minuses.
Ah yes, right there, missed the Feb 23 comment about reverse split.
so there it is.
So if they do minimum a 20 to 1, that would leave 10-15 million shares once all said and done. Very low float.
Could be a 25 to 1 too, who knows.
We shall see. Normally I would say it would without a doubt a rally, but the markets are skittish right now. It will depend perhaps on how SPY does tomorrow. Of course this news is no guarantee that everything else will go well (Phase 1 start, funding etc), but delisting was a cloud IMO. Thus, all things equal, I think it will rally from here, or at least begin a basing.
I also think its very unlikely that they will gain compliance without a reverse split. As you stated, it could be a lather, rinse repeat for the shorts if RCPI is above say $2 with a reverse split and no big news hits. If they are successful, however, a low float can make for a big short squeeze if big news hits.
2015 will tell a lot about the future here.
Going to Nasdaq Capital, no surprise given the restrictions on Global
Now will see if reverse split occurs before April - I think it would be tough to get compliant any other way (10 days above $1 a share before then)