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Bullboard - Stock Discussion Forum Therapix Biosciences Ltd ADR TRPXY

Therapix Biosciences Ltd is a specialty clinical-stage pharmaceutical company. It is engaged in developing several innovative immunotherapy products and it owns patents in the immunotherapy field. It is focused on creating and enhancing a portfolio of technologies and assets based on cannabinoid pharmaceuticals. The operating segments of the group are Development of drugs based on cannabinoid... see more

OTCPK:TRPXY - Post Discussion

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Post by StuinSea on Dec 31, 2018 10:14am

Now we wait.

Finally in a place where I can stand some ups & downs. Now to see what kind of financing they can come up with.
Comment by Fundy13 on Jan 03, 2019 11:22am
And wait some more. We have a pretty good timeline in place for something to happen based on the most recent financing arrangement. The $1.5million they got in November will last them through the end of January, they also get another $500,000 upon termination of the HUGE deal, so that will give them until the end of Feb and then they get another $500,000 I believe on March 1 which will give them ...more  
Comment by edmed on Jan 03, 2019 7:54pm
hope you are right willing to wait it out edmed
Comment by StuinSea on Jan 03, 2019 8:11pm
Fundy, curious where you got the 500k breakup number? And I'm not going anywhere either. The little red margin call # finally disappeared today. I was forced to sell off 3k shares over a period of time to stay in the game. Down to 8500 with a ridiculously high average high pps to break even, but I still think TRPX has a future. And I definitely would rather be here then FSDDF. Thaqt company ...more  
Comment by Fundy13 on Jan 04, 2019 7:43am
The original press release about the financing said they got $1.5million up front on Nov 23 and would get another two instalments of $500,000 when certain conditions were met.  Cancellation of HUGE deal was one and the date of March 1 was mentioned as another.  I could be wrong on the timing of the last $500,000 installment as the PR is not clear.  But the $500,000 upon cancellation ...more  
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