WHAAAA? ra-big-crock? RGRX selling stock to FOREIGNERS, plural? You think NITE them buys back their shorts on the FOREIGN stock sale? the FOREIGN stock sale you refer was on one lump trade, which unfortunately was a large one.....about 20 million..to ONE Korean outfit. G Tree. G Tree still owns that block. It is impossible for NITE or anyone else to have bought that stock. NITE and probably a few other MM's still have a very hefty short position in RGRX, and cheat the rules of reporting it. because they do it as a position trade, not a market making daily liquidity faceilitating trade. The FINRA daily trade figures do nit lie. Just add them up every day, for over a couple years timeframe. Millions and millions of RGRX was shorted, and volume to cover just isn't there.
Gimme a break. You honestly think that RGRX can get away with putting full stregnth TB 4 in a hair loss regrow creme and charge maybe 41,000. but then if ever, TB 4 works in heart, neuro, stroke, MS, alzheimers, Eye Nk.or whatever.....where these serious diseases commonly have drug therapies that run $50,000 to $80,000 ( see the latest MS drug at $80,000 a year).....that SOMEHOW you honesltly think that RGRX can do a $1,000 full treatment hair growing with same TB 4 that they then will tell insuranvce companies to pony up $50,000 to $80,00 for? TB 4 is TB 4....whether is it is eyes, stoke or hair grow. You can't charge a low price for one TB 4 then charge $80,00 for the next. Are you really that silly? The ONLy way TB 4 can get into cosmetics or to hair re grow applications is if they can create a TB 4 fragment that they say is DIFFERENT tham full TB 4 for heart, neuro, eyes, stroke, MS etc. It woudl be financial SUICIDE to use full TB 4 for just hair. RGRX needs that TB 4 FRAGMENT patent! Only way they can do it.
You are the one off your rocker. Sure Rogaine makes money. But there is NO WAY you can charge TB 4 for hair growth..what you coldl charge if TB 4 ever worked for MS...or Alzheimers......strokes...or no#1 killier in the world - heart disease. Are you really that Angry & Stupid to really believe a TB 4 creme that would be rubbed on the scalp to grow hair, could charge the prices of $50,000 to $100,000 that is charged for things like MS drugs, Alzheimers or heart disease??? COME ON! I know a family and a family member had to work till he was in his mid 70's just so he could stay on insurance, for his wife that has MS, and the drug she uses costs $80,000 a year.. So using Bo-Do's logic....let's make a TB 4 hair grow creme ASAP. No one will pay $50,000 for it. They may pay $1,000 for it. BUT THEN HOW COULD RGRX GET $50,000 to $80,000 FOR TB $ (if ever worked) IN HEART, NEURO, STROKE OR EYE AREA IF RGRX IS SELLING THE EXACT SAME TB 4 IN A SCALP CREME FOR $1,000??
You are the one who hass lost it, not me,
Did you read the abstract carefully, word for word? They don't disclose any mechanism of action they discover.......they just show the difference between treated TB4 and untreated mice & hair growth. In the first sentance of the abstratc they stated this:
"Thymosin beta-4 (Tβ4) is known to induce hair growth and hair follicle (HF) development; however, its mechanism of action is unknown. "
I'm pretty sure that RGRX also has a patent on TB 4 hair growth. I think two came out. One went to a fellow, non RGRX, but I recall he asigned the patent to us, and RGRX got another similar. But I don't think you'll see any movement in this. Because RGRX has to maximize any possible TB 4 revenues as a drug....for eye, maybe heart, neuro etc....those are all potential high price drug areas. Hair growth is not. RGRX just cannot charge one far lesser price for TB 4 hair growth and another for a very expensive but exact same TB 4, for eyes, heart or neuro. Just won't fly. The only way out on this is they do the TB 4 FRAGMENTS....fragments coudl be touted as not same TB 4 for eye, heart, neuro......but similar effect. RGRX could go with hair and TB4 fragments. but the problem there, as ALWAYS, is the patent office. RGRX tried for years to get USA patent for fragments. Three weeks ago they officially abandoned that application at USPO.
It means very little of this Australian TB 4 fragment patent. No pharma woudl really care. How many other countries did RGRX get a frament patent for TB 4? Very few I think. And you shoudl check the US PAtent Office, where RGRX has been trying to get the TB 4 fragment patent since about 2010. I jyst checked the status of that. A final rejection by USPO was given in Nov 2014. On June 29, 2015 (three weeks ago).....the USPO put on their site that RGRX failed to reply to the final rejection and they consider the patent now abandoned. Australia sounds good for a PR....but until you get the USA and European patents for TB 4 fragments, they aren't worth much of anything.
Don't shoot teh messenger, pls.
piano.... you thought, ".....Chinese trial was approved over a year ago and no word on start of trial." No......Lee's has not yet got any final approval to start a trial. All they got in June 2014 was that the Gov't accepted the application for the trial..final approval not yet......that we know of. But I agree.........a 13 momth wait doesn't lend confidence. Lee's shouldl at least be giving an explanation. We may understand then. But it's the silence that is worse.
I don't think they have to post your bids in OTC BB..unlike NASDAQ national or NYSE. One way street.
Think about it...how is the MM going to cover a very probably few million shares short.......on what..13,00 volume? What the MM is doing.....as he always has done...is trade for the prints, make the down ticks...get more sellers then hopefully.... and get good overnight marks on his position. His bet is made, that RGRX is a POS and overhyped penny stock. Paid firms like See Equity, to hype it, only confirms his belief. Just keep ticking and trading it down.. His bet is that TB 4 will flop. I don't think he's interested at covering at .40....or .38.....or .33......
Get some reality. Do you know how many "retail" investors lose monmey in penny stock? And knwo how many just blame it on MM's. know how many then write all the time to SEC saying that? Know what teh SEC ods? Send back a form letter and ignore them. Pennys stocks, retail investors, losers...blame MM's. So it isn't worth the effort. SEC thinks WE are the chumps & dopes.
BUT......it is a 100% DIFFERENT story if the CEO of the company contacts the SEC and NASDAQ, maybe even FINRA...with a sound, well reasoned, logical and FULL OF PROOF letter...show what we all already know. Then request a meeting. RGRX coudl also do the same thing using a letter from RGRX corporate law firm. A CEO or law firm will get more creedence, than ANY loser penny stock retail player. I am astounded that we know Finkel Tinkel reads this board, and he knows full well what goes on w/ NITE. WE PROVE IT day in and day out for YEARS now with daily FINRA short sale report. RGRX is being "played".
There is a good lawyer here who posts and owns a lot of stock. He used to work at SEC. if I was him, I would contact the SEC under the 'Whistle Blower" program. Because if NITE and other MM's do this to RGRX, they do it in many others too.. if they are found in violation of the law, they get a BIG, BIG fine.....then there woudl probably be a class action lawsuit from the penny stock losers. BUT! the SEC pays a REWARD to any whistleblower who makes SEC aware oif it and the SEC finds wrongdoing and get's a big fine from the. I think the whistleblower get's 10% of it? But you need a whistleblower who is a lawyer and can lay it all out in spades, properly. Most of us cannot.
I don't understand YOU! Imagine this headline...."SEC subpoena's Knight Capital and several othet market makers, for alleged manipulative short selling scheme".
Wanna see how fast they and other MM's cover? which means RGRX goes UP, UP, UP. And it puts RGRX in headlines and maybe other investors will look at the details of TB 4 more carefully. but, naaahh...you don'rt care about that, Yu don't care you've been scammed by NITE and others for years here. i do. Others do.
You are a broken record, bo.......I have PLENTy of stocks I own and trade and have done JUST FINE! But Why harp on SCLN. You are FIXATED on the brain with it. Yeah I lost on it, but made all back and moree w/ in a year. I don't playt bios really., long term. RGRX only other one. But I did have an 8 month trade in GILD for just about 30 points. OHH! I forgot! You've never, ever, ever lost money on a stock in your life? Ha-Ha. get off your high horse. Finkel is still teh worst CEO I've seen.
THis is why Finkelstein is all but worthless. It's pretty damned obvious that teh MM's are abusing their short sales exemption privileges, for LONG TERm investment strategy. The more , over last few years. the MM, (usually NITE) forced and almmed down RGRX with abusive against the rules short selling.....RGRX foudn it harder and harder to be able to raise money, which put us at risk of BK. We were forced down to the OTC BB because of it. the forced selling further exacerbatred that by the lower the pushed it, the more pukers ann forced tax loss sales would come. which spirals us down. then Finkel Dope is deperate for $$, so he doe s TWO PIPE financings, which only spiral us down lower with MORE short sales.... And after years of observing, no real investors want anyting to do with RGRX. Finkel-Dope-Stein has EVERY RIGHT, and not a single excuse beyond his laziness, NOT TO ASK THE SEC for an explantion of how it is possible FINRA reports into millions and millions or RGRX shorted over a year or so,, but the SEC states there is only 2,000 short. Bul1863 is right, Fikel stein should be sued.... or fired.. he does not represent shareholders, he is only out for himself.
NEXT! read the exact sentance from SEC on "bona-fide" market making:
Read this from the SEC itself. RGRX is being scammed. Has been for years. Clear violation of SEC rules. READ:
"Bona-fide market making does not include activity that is related to speculative selling strategies or investment purposes of the broker-dealer and is disproportionate to the usual market making patterns or practices of the broker-dealer in that security. "
SEE? NITE and other MM's are engaged completely in speculative selling of RGRX NOT relating to daily market making, but FOR INVESTMENT PURPOSES THAT ARE DISPROPORTIONAL TO USUAL MARKET MAKING PATTERNS. when you see 60% or 70% of RGRX being shorted on any day...that is INVESTMENT SPECULATIVE SHORT selling not allowed under SEC rules.
It's basically fraud. And where is "Dear Leader" Finkel Tinkel on this? with ONE PHONE call to his lawyer or the SEC, they coudl have this looked into, EASILY. Facts don't lie. The SEC thinks there is about 2,000 shares short in RGRX. In truth it is probably into a few million.all naked short, not reported to the SEC... and for one purpose only....a SPECULATIVE SHORT SALE INVESTMENT UNRELEATED TO BONA FIDE DAILY MARKET MAKING ACTIVITY.. This is whey RGRX went to 4 cents and they almost drove RGRX to BK. Finkel Tinkel did NOTHING, except collect another 500,000 free options.
Read this from the SEC itself. RGRX is being scammed. Has been for years. Clear violation of SEC rules. READ:
"We are adopting the proposed exception from the uniform "locate" requirement, as Rule 203(b)(2)(iii), for short sales executed by market makers, as defined in Section 3(a)(38) of the Exchange Act,66 including specialists and options market makers, but only in connection with bona-fide market making activities.67 Bona-fide market making does not include activity that is related to speculative selling strategies or investment purposes of the broker-dealer and is disproportionate to the usual market making patterns or practices of the broker-dealer in that security. In addition, where a market maker posts continually at or near the best offer, but does not also post at or near the best bid, the market maker's activities would not generally qualify as bona-fide market making for purposes of the exception.68 Further, bona-fide market making does not include transactions whereby a market maker enters into an arrangement with another broker-dealer or customer in an attempt to use the market maker's exception for the purpose of avoiding compliance with Rule 203(b)(1) by the other broker-dealer or customer."
It does not matter if RGRX ever qualifies for regular NASDAQ listing...or even of RGRX is listed on the NYSE. All market makers are exempt from being forced to borrow stock they sell short, and they are exempt from reporting their short sals to the SEC, but not FINRA. The SEC allows this so they can create 'liquidity" during trading day of buy/sell/buy/sell. Too cumnbersome to borrow stock on every short tick But the SEc is also clear that the MM short exemption rules are meant for "ordinary course of business" on any trading day. the SEC did not intend this short exemption to be used by MM's as a long term huge POSITION trade, as NITE does. I read that the SEC requires such long term postion trades to be moved out of the MM account, and into a separate account at the firm, which then they have to borow srtock if they are short and they have to report to SEC what they are short. NITE is just basically scamming it, all under the radar. Finkel Tinkel should have had his lawyers call the SEC on this YEARS ago. The daily FINRA factual figures don't lie. NITE does with their intentions....because it was NITE machinations as such that got us down to 4 cents and almost BK.
I think the rules are different on OTC BB stocks. Nasdaq national mkt different. Still pretty amazing. 176,000 shorted of 278,000 traded. They are making a huge bet against TB 4 that RGRX is a penny stock POS. They've got to be over 3 million short as a position trade by now, It has gone on like this for years. The rule infraction with SEC is that the MM are not allowed to naked short w/o borrowing for long term POSITION trades. the MM only get's the MM exemption for not borrowing or reporting their short for "ordinary course of daily business" market making. when you see the MM shorting 60% or 70% of a days volume, it is not ordinary market making.but using thier power as a large POSITION trade short. Position trades do not qualify for MM short exemptions as I understand. But they have cheated that rule for years now.
As usual, this board forced Finkel-Tinkel's hand. he knew oreans got approval. But a poster here trolling G Tree's news got it..and he POSTED it here. Finkel reads this board.and once again, he was forced to put the news out not when he wanted to, but when this BOARD found out and posted first. This happens all the time with Finkel. It is one part of why no one on the street trusts him or TB4. Otherwise we wouldn't be a few tens of million market cap.
Very god news Korea is starting phase 2/3......it looks like they go for the whole ball of wax. The trial is 360 pts....which shoudl be enough for phase 3 if the results are what they hope. If they start sign up late Sept.we coudl see results by April. I would like to know WHERE in Korea the centers are. the more polluted the city the better chance of success. That's why I wanted to Lee's China trial to start. But it appears that Lee's has put TB 4 on the back burner. Woudl not surprise me is they halted work on it until they see the Korean results. By delay they win either way. if Korea wins, it is HOME run for Lee's. if the Korea trial has issues, then Lee's can se e if they can be adjustsed after and plan. Just like the Ora trial didn't totally fail, adjust after. So looks like all is in G Gres hands now.
You are FRUSTRATED? I don't own RGRX because of mgmt or FINKELSTEIN.I own it to see if TB 4 does work. Finkelstein is beyond frustrating. he is a disaster and has been for TWENTY STRAIGHT YEARS.. there is ONE reason and one reason ONLY.why RGRX is valued at a few tens of millions...Finkelstein. every trial he has done had issues. Bad design, poor execution, of some bad luck. I'm holding because I think it can work in dry eye. Neuro and hart are long shots.
Isn't it just ANOTHER in a long line of Finkel Tinkel screw ups. he does a PR when Henry Forrd get's a TB 4 patent, but when RGRX get's a MAJOR USA HEART PATENT, he hides it.
Worthless to contact. the questions I have he will not answer. he'll claim rule FD.
It is so classic RGRX incompetance. They do a big PR when HENRY FORD HEALTH get's a neuro patent, that RGRX ALREADY HAS ONE AHEAD OF THEM!!!!!!...and RGRX has to "in license" it BACK from henry ford?
And in the meantime, forget Henry Ford PR today that THEy get a patent, WHAT ABOUT JUNE 16, 2015.....28 days ago.....the US Patent Office gave RGRX a MAJOR heart USA patent.and silence....no PR release to tell investors. Hidden.
Don't hate the messenger...me. I just try to make you all see why RGRX is priced where it is..........NO ONE trusts RGRX or especially Finkelstein! They hide things all the time.