Claritas Pharmaceuticals Inc V.CLAS.H

Private placement

[Matteo1234]

Expect another round @.025 for a million. The bottom line is the patents. Nitrous oxide helps with covid-19 through the nitrous oxide results from the new study for the response. Very confident that we can set something up for next few weeks

[losingmyshirt]

You must be an idiot. Even my dog knows that nitric oxide works.INHALED. What don't you understand about R107? There are no trials of R107 and therefore we have nothing. 

[Moonshiner592]

  ... think about this - why would somebody as renouned as Salzman.. with the level of research he and his team have done .. want a worldwide patent in something he was NOT confident about???

[Scotty]

"We" got a patent for GVHD too.

[Radikal1]

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[JMark80]

How many millions did the GvHD program cost shareholders?

[Scotty]

Good example of what? I don't think you're proving the point you think you are.

[Radikal1]

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[Scotty]

So let me get this straight. According to the press releases, we could have gotten financing for GVHD, but, paraphrasing, KLY thought the offers were poor, so management held out. Instead, management allowed us to default after spending millions of investor money advancing the research, diluting the company and losing shareholder value. But that decision to get nothing rather than something

[Radikal1]

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[Scotty]

Way to totally avoid the point. IMO, KLY is just a shell corp designed to publicly fund the research for these private companies then hand it back consequence free over some technicality. It doesn't matter how legit the research is, the investors won't see any returns.

[Radikal1]

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[JMark80]

The confirmation bias among pumpers is ridiculous. It's over - the market isn't interested.

[Radikal1]

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[JMark80]

No, the bashers are the only ones telling the truth. We know the last financing, the one they needed to keep the lights on, was undersubscribed at a discount to market, well after they announced the deal. 

[Radikal1]

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[Scotty]

You didn't answer the question. Why was the decision to let KLY default and not try to salvage something from it's multi-million dollar investment a decision that shouldn't reflect poorly on KLY? All you said was CBD market conditions weren't favorable. Fine, a bad deal is better than none. Now we're just out that money and the company is a fiscal disaster. But like I said

[Radikal1]

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[Scotty]

That question was definately implied in my first post, I suppose I should have made it clearer for you. Correct me if I'm wrong here, but your position is that "selling" GVHD back to talent for what we owed although we spent additional millions developing it, was just bad luck b/c of market conditions?

[Radikal1]

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[JMark80]

It wasn't market coniditions kiddo, it was incompetence.

[Radikal1]

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[JMark80]

I'm talking about how the company was run - not their market cap, dumbass.

[Scotty]

You're assuming an awful lot. The GVHD research had a lot of potential, there could have been many many different ways this could have played out.. The best option KLY could come up with was to "sell" back a more developed asset at the original price? Leaving itself with literally nothing but the potential to possibly acquire another company, with another phase 1 drug that needs

[Radikal1]

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[Scotty]

Yes and now Talent has their GVHD asset back, further developed I might add, and KLY shares. Strange how that worked out.

[Radikal1]

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[Scotty]

Yes that is 100% correct. And that's the problem.

[Radikal1]

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[JMark80]

Crash of the CBD sector? Are you serious? They deferred milestone with considerable interest long before they defaulted. Problem was they were undercapitalized, long before alleged CBD crash. 

[JMark80]

They wouldn't be able to pay phase 3 anyway. The fact they couldn't license had nothing to do with CBD market. They couldnt even raise capital for phase 2, which is why they paid Salzman in shares which they sold into open market. Too bad KLY screwed up on that $5mm IIA grant, huh? 

[Matteo1234]

Talent taking a big position in the stock is great news. A aknowledgement of strength.

[JMark80]

Talent? WTF are you talking about?

[JMark80]

You don't even know what you don't know. Don't post, just learn.

[JMark80]

Salzman knew Talent used 300mg of CBD in sesame oil when he acquired them. If anyone were interested, they probably knew Kalytera couldn't raise any more capital, and they could just make a deal with Talent for only a single digit royalty.

[JMark80]

Salzman, like Farrell, was a terrible CEO.

[JMark80]

Salzman was really confident about a lot of things when he was CEO, look what happened?

[Scotty]

What I would like to know is: 1. How do you expect them to fill a PP for 1 million @ 2.5 when they couldn't fill 450k for 1.5 and 1/2 warrent? Nothing hew has come out, and let's be real here, probably nothing more to come except a rewording of what we already know. 2. Correct me if I'm wrong here, but if/when this starts trading again and it drops to ~1c on day 1, are they even able

[JMark80]

Exactly, they can't. 

[Moonshiner592]

... credibility will amplify after Phase 1 is complete .. which will knock the apostrophe 'T ... right out of that word "can't" !!     Hold those shares ...   

[JMark80]

Uh huh, yeah I'm sure.