I'm not a Glm clone. I'm well invested in IGXT, and am waiting out the eventual return. In the past, I've been burned by small companies not properly representing themselves. My warning flags start flying when the CEO starts letting out information to certain parties, and not making it public discourse for all. I went to the website for Singular Research to listen for the conference call and couldn't find it. Participant42 said he heard the the conference call also. If it was for all the public to hear, then I won't be as upset. But there should have been a PR released stating such. If it wasn't privied to the public, then there were some SEC violations going on. I will happily stand down if I just couldn't locate the link. Wouldn't be the first time.
Nor the SEC.
Congress Created the SEC
When the stock market crashed in October 1929, so did public confidence in the U.S. markets. Congress held hearings to identify the problems and search for solutions. Based on its findings, Congress – in the peak year of the Depression – passed the Securities Act of 1933. The following year, it passed the Securities Exchange Act of 1934, which created the SEC.
The main purposes of these laws can be reduced to two common-sense notions:
Companies offering securities for sale to the public must tell the truth about their business, the securities they are selling, and the risks involved in investing in those securities.
Those who sell and trade securities – brokers, dealers, and exchanges – must treat investors fairly and honestly.
Obviously, Participant42 was privied to this "private" information that was not afforded to me and my investment. This is pure horse#$%$! Horst and Par better make a public announcement soon, or suffer the consequences of the SEC.
Quoting Participant42 (which indicates he was in on the call), "glm, at the time of his post, Patrick didn't know it was supposed to be confidential, but when at the end of the presentation, when Patrick asked if he heard that percentage correctly, Horst, said, while he would not contradict his earlier words ( of perhaps 3o min before), he wouldn't reiterate nor confirm them, as he realized it was supposed to be probably confidential. So, Patrick is innocent in this regard. Your comments about Horst, however, I'm not challenging."
Thus the reason we "little" investors don't stand a chance. Pure BS, I saw the post also. If it is true, some people are given information that others aren't. Patrick's mistake was posting it, he wasn't trying anything unscrupulous with the information. But what about those allowed to listen to the private call?
Patrick, why did you take down your post that IGXT gets 30% for the Par partnered drug Suboxone, you reported from the Singular conference. If Horst told large investors at a conference and doesn't do a press release to all investors to see, he would be violating SEC rules. Horst has stated many, many times the details to Par deals is confidential, so he also broke that agreement too. This is what he has done in the past, get excited a say things he shouldn't or not say things he should. One big example is two years ago at the Roth conference he got excited and said they had a $3M offer for exclusivity to negotiate for the ED drug and nothing came of it. He said other things to that never materialized. He should not be let out in public. He and Ingrid sold 500K shares just before the CRL for migraine and they had to know it was coming, if not already in hand. Then they sell 60K shares before earnings call, which very well be another loss for the 1st Qtr.. Ethical or just not very bright? That goes for you for posting confidential information as well.
So I don't get in trouble, my "rumored" $17.50/share buyout was purely pulled out of the air.
I'm assuming your knowledgable with charts. How much volume will it take to get thru the resistance of the .70s