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Bullboard - Stock Discussion Forum Antibe Therapeutics Inc(Pre-Merger) ATBPF

Antibe Therapeutics Inc. is a clinical-stage biotechnology company. The Company is leveraging its hydrogen sulfide (H2S) platform to develop therapies to target inflammation arising from a range of medical conditions. The Company’s pipeline includes assets that seek to overcome the gastrointestinal ulcers and bleeding associated with nonsteroidal anti-inflammatory drugs (NSAIDs). Its lead drug,... see more

GREY:ATBPF - Post Discussion

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Post by Forestview on Mar 22, 2024 12:47pm

Update

Hey, so going to jump in since there's alot of speculation.  And given that Duster is trying to drive down SP by spewing nonsense (again), I'll share some takeaways from a call I had with Dan.  He takes calls, Duster.  Why don't you actually call him?

Some highlights:
- P2 is still happening on target, and funds are available
- ATE isn't going bankrupt, nor looking to dilute. Plan is to NEGOTIATE with Nuance.  Those discussions have been happening over the last few weeks.  There will be an announcement when there is something to announce.
- It's in Nuance's best interest to let P2 play out.  There is no money to pay them if P2 doesn't happen.  Nuance is just a creditor.  So, company goes bankrupt, there goes their chance to get their money.  So, letting P2 happen is in THEIR BEST INTEREST.  This may mean Nuance gets more than the penalty awarded, but a successful P2 will mean it's a drop in the bucket anyway.  And, reiterating, it's in Nuance's best interest to let P2 happen.
- The goal is to start P2.  
- Nothing can be shared until it's final.  Things are happening in the background.

Honestly, call Dan himself.  He'll take the call.  Yes, he's working insane hours, no he doesn't want to keep doing it, but the goal remains to License Otena, and P2 is the process to get there.

Hope this helps.  And a friendly reminder that Duster is ATE's biggest fan when he owns shares, and it's biggest enemy when he doesn't.  It's easy to see when he does.

Have a good weekend longs.
Comment by Duster340 on Mar 22, 2024 1:08pm
i call B.S. on forestview good story though lol.  my guess he got caught holding shares when the price dropped and now is in panic mode. i doubt nuance would gamble there 24Mil, if they did and the drug is unsuccessful they also loose, i think nuance also lost trust in antibe just like most of there investors did. antibe has 23.9Mil in the bank so yes there is money to pay it is in nuances ...more  
Comment by Forestview on Mar 22, 2024 2:52pm
Wow.  Duster, learn the difference between there and their, and loose and lose.  So much bad grammar. And the $23.9M in the bank is in CDN.  So, no, it won't cover Nuance.  At this point, no request has been made by Nuance to an Ontario court to recognize the financial decision to Nuance, so ATE is operating as per usual.   You see?  I actually have facts ...more  
Comment by Duster340 on Mar 22, 2024 3:14pm
that is right the 20mil us upfront money  = 27.22M cdn, where are they going to find someone to help them pay there bills. and then the other 4M us on top of that.   good luck to antibe.  lol
Comment by Inthepez on Mar 22, 2024 4:52pm
If you lost trust, why are the only one making the most noise... sucks to suck huh 
Comment by FesticleShwartz on Mar 23, 2024 8:53am
Thanks for the update! Much appreciated 
Comment by Gessurong on Apr 11, 2024 10:31am
tthey tell you what you want to hear in the moment.     
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