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Samsa1

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Reply with quote  #1 
Just typical.  get good news and the manipulation uses it to short the stock down.  the small shareholders really getting screwed over here.   I do not give Odidi a free pass in what he has done here to help or not help the situation but the reworded offering today is just that.  the Sec probably rejected the previous one because of lack of details so they added in a hypothetical price and hypothetical share amount and the manipulators use that as a given to just run the price down. 

The fact is the offering prospectus today is nothing more than what they already put out and is nothing more than a shelf.  
Quote:
Approximate date of commencement of proposed sale to the public: From time to time after the effective date of this registration statement.
 If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, check the following box. ☒
 

lets just bypass the fact that box was checked. and they now appear to be in discussion to reach a settlement with Purdue which if one is reached would allow Rexista to continue to get approved.   sounds more like something a partner would want to make sure of if you ask me.
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Samsa1

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Reply with quote  #2 
Pharmer,  and that's exactly why I say its manipulation.   Do not get me wrong.  I believe Odidi should step aside as CEO and let a competent person in.  I also know that when he did the last 2 offerings last year and this year at $1.10 and again at 60 cents with warrants it just gave free reign to the holders of the warrants to short the stock. 

The problem is this just squashes the little guy in the middle.  leaving the little guy with no way out. 

So with any good news, you just keep shorting the stock down, not because it accurately reflects the price but because its being done to force him to do an offering at a lower price thereby selling a higher percentage of the company because in the end he still needs to raise cash. 

So once you get control how does that help the little guy stuck in the middle?   You get Odidi out but then what?  It doesn't matter if this is being done by Boyd or someone else.   those people holding the warrants have limited upside risk and the stock price never recovers.   your analogy is its better to get Odidi out and have people in place that now have decimated the average shareholder with no hope of ever regaining a chance to break even because upside potential is now limited?  How is this better than just leaving Odidi in?

Either way you slice it we end up with someone in control of a company who care nothing about the average shareholder but only their own pocket.  why is that different than what we have now with Odidi? 

I forget who said it, but it was once said during our American Revolution, "why should we trade one tyrant 1000 miles away for another 100 miles away?"   That is all I see happening here. 

In reality, Odidi could release HAP studies, pop the price, partner Rexista and try and bring the company around, but because that doesn't give someone else control  you don't want that to happen?   I personally see that no better than leaving Odidi in at that point.  either way the little shareholder  gets someone in power who clearly has no intent in looking out for whats best for the company but rather their own pocket.
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Samsa1

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Reply with quote  #3 
Pharmer,  Ok I will admit we are totally screwed.  I just read the free writing presentation to go along with the offering.   Clearly, we longs are screwed any way you look at it.  They clearly, messed up any partnership for Rexista.   so, your idea is drag the price down even further to get these units as cheaply as possible to hopefully get control. 

I do know why your doing it.  Its just I do not like it.  but I see no way out regardless.   The free writing clearly states no money to come in for 12 to 24 months.  so he blew the deal for Rexista.  He is crazy if he thinks he can get even a tentative approval without a partner.  Lord only knows then why he would want to settle with Purdue unless its to stop the legal fees.   but then he may as well give them more shares as payment.

all we can hope for is someone buys up those shares quickly and makes changes quickly.   his time line of 12 to 24 months for making money, we wont last that long we will be delisted before then.

Hell its bad when we little guys have no one on our side.  we are all so screwed its just pathetic.    so consider this an apology.  Even though  the manipulation is killing us longs, he is such a total idiot I can't even defend him against manipulation.  
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Samsa1

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Reply with quote  #4 
But even with that apology it still doesn't change the fact that the manipulation is no better.  The apology was for defending him against the manipulation.  he clearly does not deserve to be defended now, he has proven himself to be nothing but a scam.   However, that doesn't get the manipulation off the hook. You clearly stated when Wim stated that the current offering he was selling the company at these cheap prices , you called him out and said "odidi isnt that stupid, he wants to get the price up to meet market cap and then sell shares at $10 to $15"  then you said that would be the time to make a move to get control once he gets 10 million in the bank.    Yet now you say you went to him with an offer to buy 3 million shares at $2?    so you clearly knew what you what you were saying was lie when you called wim out saying His intent was to sell shares and generate 10 million dollars once the price popped.     That's what I mean by it doesn't seem to matter who wins this.  The little guy will lose no matter who wins.  One seems to be as bad as the other.   both care only about one thing and that's their own wallet regardless of who else is hurt in the meantime.  and they will say anything to meet that need.
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Samsa1

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Reply with quote  #5 
Pharmer, many thanks for the "relaxing music" .  I must confess I am not bilingual when it comes to Italian.  However, it was a beautiful melody and he had a soothing voice. That being said, its very difficult to relax when one sees the mess Odidi has created and then on top of that, one has to deal with Manipulation.    

While I agree Odidi needs to agree to changes, its the means by which its being done that is distressing.   We longs never recovered from the original Manipulation you mentioned about driving the shares down from $2.50 to the $1.50 range.   we are now sitting at what equals to 15 cents a share from that $2.50 starting point and most of us longs do not have the chance to buy warrants to short against, so our only option was either take a serious hit or average down and wait it out.   

I was stupid enough to do the latter, which now just ran my losses up over 300k !  I made the mistake of not bailing back then and just walking away and licking my wounds and have made a disastrous mess this close to retirement.   All because I once believed in the technology and gave the man credit he would not be this stupid and was not running a scam.  

Someone with means, I am sure they look at that kind of loss and would shrug it off.  To a person of limited means and simple living, that is an unrecoverable amount to lose less than 2 years from retirement.  Then when you make a comment that things will work out if someone goes along with major changes, I get that sick feeling knowing that we longs are royally screwed because that "someone" hasn't been amenable to major changes in the past.     all he ever needed to do was effect partnerships in the past and he clearly screwed those up. 

All I can hope is that come next year people like Boyd see this for what it has become and vote major changes next year and join all those little guys.  but by then I see our potential being much much slimmer and at this point I for one can no longer afford to continue to avg down and throw good money after bad.  There is no way for a little guy to overcome the power of the manipulators nor Odidi's own stupid and stubborn actions and failure to deliver anything.  we seriously need a miracle here and it appears that those  powers to be, well, you know.   will be the only ones eating the proverbial PB&j sandwitch you alluded too in a previous post because when crushing the peanuts the little guy is included in that along with Odidi. 

But all that, aside, The music was beautiful.
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mopar44o

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Reply with quote  #6 

Quote:
SAMSA1 RELAX ................YOU ARE over thinking this and everything is going to be okay BELIEVE me a Council or should I say a certain Group of FRAMERS a certain group impartial shareholders feel like Well a belief of something GREAT is coming and very Interesting changes coming let's say MAJOR SUPPORT coming if SOMEONE GOES ALONG WITH CERTAIN MAJOR CHANGES...............[wink]

just my humble opinion of course.

 

For once you think you'd be right.... Even a broken clock is right twice a day

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wimuskyfisherman

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Reply with quote  #7 
Pharmer- Did you not tell me the offering was fully subscribed? Does not appear that way to me at this point.
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wimuskyfisherman

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Reply with quote  #8 
Pharmer- The level of arrogance/incompetence at IPCI is unreal. It actually blows my mind on how badly this company is managed. They have an obligation to shareholders that they completely ignore. Odidi will do what he wants period. My investment is gone, there is no hope this turns around. So I will just sit back and laugh at the circus sideshow know as Intellipharmaceutics. This one describes what IPCI is doing:



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