He said capital to complete trial would be $15-20m plus G&A unspecified. Didn’t hear partnership discussions either. Thought it was good straight forward presentation too.
herb.c.bowers
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Of course they’ll need more funds to take them to judgement day. The only question is whether they partner up or do it all through dilution or both.
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Short People have no body…no body to love. They have little bitty hands, little bitty feet and now little bitty wallets…MAGA
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Much better strategy at conference today on scope, timing, cash conservation and ROI…I like this approach for potential high percentage outcome that makes sense on priority managing the selected high value target as mentioned by the CFO. The value proposition was clearly stated if you understand investment banking lingo. I’m happy now!
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Pre market starts at $56
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Just wait until the Merger is official and all the consequences that follow.
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Don’t you just love it when Democrats vote and invest against their own self interest?
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Hey Ken sorry to break it to you but the whole market is already past Biden thugs and is embracing a new and improved Trump Presidency.
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50% bigger boat but we’re all re-leveled at .65-.69 regardless of old or new $. More importantly is the insider executive team finally ponying up real $ plus the single investor. Since no obvious emergency exists for currently known plans, the funds use will be interesting. I see it as encouraging development.
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It’s about the gaming function
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Monday eod
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Shorts are back after covering their positions to allow shareholders of record to vote.
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No!!!!!!!
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I just voted hell no to the reverse split proposal. It’s not a stock gimmick issue but a management issue we haven’t already pivoted into Phase 3. Mgmt recently pulled a fast one by reducing voting power from majority down to 1/3 of eligible voters to have a quorum - this means the deciders could be in the hands of under 10m share holders rather than the previous number of approx 15m back in June. It’s worse, the rs has increased max from 1:8 to 1:20 since June - to even water down your power even more. If you want to see how their sister company, CNS Pharmaceuticals (CNSP) has done in a similar situation last year of using a r/s of 1:30, just look at where they are now after their rs in November last year. Don’t give MBRX mgmt a license to steal you investment and draw the line now. I suspect they think with the above they have it already in the bag and next week’s special meeting is just for show. I have a lot of shares and unlike in June, nobody has called me daily to try and get me to vote and as i remember they retained services to do that if needed.
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It’s taken a week but I will finally have 100% of my large, LONG position available for voting tomorrow morning. My broker is transmitting a batch update to ProxyVote.com tonight which has been verified to be correct. Be sure you look carefully at the proxy sheet for number of shares you own before voting. The formal explanation to why I had zero shares to vote last week was a technical’ glitch affecting many others holding MBRX. Maybe, but I remain skeptical.
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FYI, I was informed today by ML there is a ‘technical’ glitch connecting their proxy system to their portfolio system specifically affecting MBRX shareholders by showing 0 shares available for voting regardless of shares owned. They expect to have the problem resolved shortly and will be informing me as to how/when I will be able to vote before 10/2. I do find this odd but won’t elaborate at this time.
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Exactly 3G Cardio
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Got my proxy material today from ML. Went to vote online and it said ‘0’ shares available to vote. I looked more carefully at the ML proxy statement and it too said 0. I checked my brokerage account and I still shows my thousands of shares correctly. Anyone else having this issue with ML?
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Yes and the SEC now should have no problem granting any listing issues extension until illegal naked short impact has been resolved. Any r/s discussion should be tabled and energy should be focused on core trials
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Ok Wally, this upcoming refried attempt of the earlier reverse stock proposal with new quorum rules you snuck in still won’t fly with me. I would suggest you use the remaining two months to the SEC checkpoint to focus on results oriented endeavors rather than smoke and mirrors because I’m beginning to think this is a management issue needing resolution rather than the science itself. I hope you quickly implement a plan b.
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