so following up on JH's auto sells .. went bac
Post# of 72440
went back to do AB's auto sells ..
reminder .. the easiest aspect NR *controls* on the OTC is the targets' PPS once the hand off is underway (last cycle Up is EOY 2014 .. hand off underway in 2015)
SMBs get seeded with embeds pre/post cycles of money .. *Pro embeds switch when NR is upside down and align with Con embeds* .. this almost always results in avg retail investors being the minority (posts) on the vehicle of choice for OTC stock manipulation with an OTC *survivor* .. NR isn't used to OTC targets' outlasting their *efforts* .. NR usually knows the timing that *sells* kick in due to the forms' filed with that spectacular *equity investor* protector (SEC) and yep that is sarcasm
classic FUD is done to *exhaust and demoralize* actual retail investors .. and make
no mistake about it .. IPI has investors and has held those investors regardless of NRs' efforts over the past several years
if NR had *succeeded* .. IPIX would be doing *daily* volume avgs between 5M and 7.5M~
NR doesn't because they CANT
remember IPIX *volume* fell off a cliff in the first 8 months of 2018 .. those auto sells in 2018 .. were manna .. and odds are .. included in IPI's total dilution of the last 4
months of 2018 of 13,341,721 shares .. NRs' *volume injection* into IPIX in the last 4 months of 2018 was 54,830,246 *shares*
that *effort* by NR literally never passed the smell test .. but it certainly was revealing about some Pro *embeds* .. imo
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ok .. so AB starts on 6.30.16
first form (3) filed is on 7.7.16 .. initial with nothing showing
http://www.edgarmaster.com/Inet/main/DataFeedHtml1.jsp
on the same day ( 7.7.16 ) .. form (4) filed
on 6.30.16 .. AB was granted 1,066,667 of restricted stock with a vesting schedule of 2 years/2017/2018 (see italics in green)
AB also has options .. 617,839 with a strike price of $1.39
1. The restricted stock and stock options vest 50% on June 27, 2017 and 50% on June 27, 2018, or upon the earliest to occur of the following: (i) completion of both a Phase 2b psoriasis study and a Phase 2 oral mucositis study; (ii) the Company's common stock closes above $3.00 per share (as may be adjusted for any stock splits or similar actions); (iii) the commencement of trading of the Company's common stock on a national securities exchange; or (iv) upon a change of control of the Company, as defined in Mr. Bertolino's employment agreement.
http://www.edgarmaster.com/Inet/main/DataFeedHtml1.jsp
on 8.8.17 .. form filed (4) .. showing the auto sell for first round of 262,080 @ 81c
( 1,066,667 - 262,080 = 804,587 )
http://www.edgarmaster.com/Inet/main/DataFeedHtml1.jsp
a month later on 9.6.17 .. second round filed .. form (4)
1,066,667 is added to 804,587 for a total showing of 1,871,254
and ESOP round 2 .. ( 617,839 ) with a strike price of 71c
1. Represents restricted stock which vests in two equal annual installments beginning on September 1, 2018 or upon the occurrence of certain events.
2. The option vests in two equal annual installments on September 1, 2018 and 2019 or upon the occurrence of certain events.
http://www.edgarmaster.com/Inet/main/DataFeedHtml1.jsp
lastly in 2017 .. form (4) filed on 12.27.17 (transacted on 12.22.17) .. second auto sell for applicable taxes of 238,048 @ 70c
so 1,871,254 is reduced by 238,048 to a total balance then of 1,633,206
http://www.edgarmaster.com/Inet/main/DataFeedHtml1.jsp
moving forward into 2018 ..
on 9.24.18 .. next round of restricted stock granted to AB of 1,066,667
AB's prior balance of 1,633,206 (with 1,066,667 ) now becomes 2,699,873
ESOP round ( 617,839 ) with a strike price of .398c
1. The restricted stock and stock options vest upon the earliest of (i) 50% on September 1, 2019 and 50% on September 1, 2020; (ii) the Company's common stock closes above $3.00 per share (as may be adjusted for any stock splits or similar actions); (iii) the commencement of trading of the Company's common stock on a national securities exchange; or (iv) upon a change of control of the Company, as defined in the Company's 2016 Equity Incentive Plan.
http://www.edgarmaster.com/Inet/main/DataFeedHtml1.jsp
a month later .. form (4) filed on 10.15.18 .. auto sell for applicable taxes of 218,946 @ 40c (date transacted 10.12.18 )
so AB's prior balance of 2,699,873 is reduced by 218,946 for a new total of 2,480,927
http://www.edgarmaster.com/Inet/main/DataFeedHtml1.jsp
and most recent form (4) filed on 9.6.19
most who can grasp *basic math* (NR knows this well) .. the more a stock's PPS is relentlessly compressed .. the more shares get sold to cover applicable taxes
so AB's prior total 2,480,927 was reduced by an auto sell for applicable taxes by 421,611 @ 13c for a new total of 2,059,316
http://www.edgarmaster.com/Inet/main/DataFeedHtml1.jsp
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what a system .. for those of you who have never experienced the joy of working with a start up if one is high enough up the food chain .. taxes get paid on vested stock .. even when not *one share* is sold for personal benefit .. and NRs' algos know timing of exactly and how to work that *effort* accordingly .. that said .. i was glad to see AB's EOY auto sell be relo/d to Sept/Oct
odds are AB will be filing a new form 4 over the coming days/weeks
with another round of 1,066,667 of restricted shares and (presumably) ESOP shares (also restricted) of 617,839 .. curious to see that strike price
AB (like JH) rounds of options are totally underwater due to NRs' relentless PPS compression of IPIX (CTIX) since NRs' hand off of late 2014 into 2015
NR never covers one second b4 being forced to do so due to mgmt's ability to execute
the deal with AS this summer *imo* laid a foundation for IPI .. beyond curious to see what comes to pass pre/post *vote tally* this month .. as noted previously .. i'm expecting volatility because NR has few *options* (no pun intended) beyond their obvious patterns already utilized in 2019
not sure if the links above work for each respective form filed .. but all can be found @ the company's website
http://www.ipharminc.com/financials
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Read More: https://investorshangout.com/post/view?id=553...z5ywUcQN2Q
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