Discussion page for Arch Therapeutics (ARTH)This page is for discussion of Arch Therapeutics (ARTH).
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I voted against. Says can vote in person on July 1st. Anybody in boston area show up to vote in person and nail them as when they are getting off their asses.
Voted 50,000 shares “against”
$ARTH atlas long
Apparently holders of ARTH shares will be mauled by the dilution relatively soon?
Does anybody have any idea if there’s any possibility for the shares to take one last swing upwards before the dilution or is it game over for us small timers?
It sure has been an exciting ride so far but paying up has to end at some point.
yours, Finn
$ARTH OW Long
If history is any guide, there may be a bit of news that will drive up the SP, to what level I do not know, and then TN will sell a bunch of ARTH stock to cover his salary and his directors for the next year.
Thank you kindly for replying. Let’s hope everyone here are able to get out without damage to portfolio.
Very unfortunate it had to come to this point with ARTH. Such technology but such waste of effort, time, money etc.
When is this massive dilution due?
Just need to reiterate that Paul Manpilly 100x pick this month was :Ideal Power,IPWR.
@pasrby Go away
So, does this mean the IPWR is a false lead?
This is a long thread about ARTH. Anyone coming on here plugging other stuff blatantly like pasrby did. Well yes. It is a false lead. Someone just plugging that particular stock. IPWR is probably worse then ARTH. If it could sell itself he/she wouldn’t be here plugging it.
Hey doc Bonz why don’t you order some ac5 and see if it works. If it does we can start some PR on how great it is. If it doesn’t we can all get out before dilution.
Don’t know what it would cost but I work for a large hospital system. They make all the purchases. Even if it were free, it would have to be approved by the pharmacy committee at the central hospital in Pittsburgh and that is no easy task. Especially for an unknown medication or device. Finally, it looks like they are shooting for the wound care indication for now. Internal surgical use is in the future. Looks like the self assembling peptide gods are saying “NO AC5 FOR YOU” Dr. Bonz!
Hello all,
You know what I think is sad about this procrastination & poor management by Arch Therapeutics, this impending share dilution, this whole frustrating $ARTH thing?
It’s that we, the stoic Gumshoe $ARTH-holding community, will eventually, and maybe soon, give up on Arch Therapeutics and its product that we know should be worth the struggle. We’ll put our remaining funds to a better use, and then our little Gumshoe $ARTH community will disperse and our little time in history will be lost.
Everyone out there! I enjoy your (sporadic) company, and will miss you if you yield to sensible thoughts, pull the plug on $ARTH and disappear into the ether.
(Yes, I know things do change over time, but I’d rather that if we disperse, we disperse after Arch Therapeutics gets a satisfyingly lucrative buyout offer and this product is allowed to do what it needs to do in the world.)
that if we
Cheers,
Penny
Where did “that if we” come from? Ignore it.
Well said Penny. It seems that many of us “came together” over this lumbering stock. Lets hope we finish with a bang!
Regards,
Frank
hear hear, Penny!
Unfortunately DD…..Well I have bailed. Yeah it sucks. I just dumped 3 million shares over the last 3-4 weeks. Great product. Unfortunately terrible Management. Norchi could never adapt to change. Throw him a curveball and he becomes a deer in the headlights. He had no business running this Company. Now we have found out the true meaning of “on-the-job” training. Good luck to all. There is value in the product. Just no value in current Management.
I hope you voted NO to the new shares being asked for by ARCH mgmt.
I have seen people talk about it the last few days……but I had no idea how to do it. Regardless – I was pretty much out before this subject of a vote got broached. And actually – the main reason I got out so quick is I came upon another small start-up I think is getting ready to hit. So I wanted to free up as much cash as soon as possible. It has been a year and a half since FDA approval. And they haven’t sold a nickel of product. They frigged around for soo many years……that by the time they got the most basic external product approved – well there were already others in that marketplace. And now they are saying “internal” isn’t this year. Who knows. It may take 16 months for these clowns to get an internal trial started. One veryyyyyyyyyy telling thing is that they raised money on warrants this time. At first glance that sounds good…… But. They issued more warrants. So same ole same ole. Back in the good ole days they could get a new investor to drop 2 million in. Now it looks like they can’t get anyone new to come in. But again. I got out because of a better opportunity. It just happened to coincide with this latest stuff going on.
The eligible voter(s) is usually determined by shareholder of record as of 2-10 weeks before the vote. So, I suspect most or all of your shares will be eligible for voting. For shares held at a brokerage firm, you can log in and vote online. If you have any issues, there are online help/chat for that.
And I don’t think it will come down to them having 800 million shares outstanding. But the fact they are talking about it isn’t good. Ultimately it is a meaningless vote. What happens if it gets voted down and they are at 400 or 500 million shares. And have no money to continue..? Would you rather see it go bankrupt? Or have them issue more shares…?
And the fact that I am out now doesn’t mean I am not pulling for it. I would love to see it hit tomorrow. It doesn’t look good. But stranger things have happened. It is always possible someone offers them a very half-ass licensing deal on the basic AC5. Just enough to pull them through without major additional dilution. Probably not. And I wouldn’t count on it. But as I say. Stranger things have happened.
deanbob – I don’t think it will come down to them actually raising the stock count to 800 Million…….But you never know. It appears they want to keep all options open. And they are letting people know early. Here is one possible scenario. They just raised some cash by dropping the warrant cash out price down. via long term investors. It may mean they can’t bring in anyone new. The last true dilution was maybe 6 months ago. The stock price was around 20 cents and they issues shares at I believe 16 and a half cents. So lower then the stock price. You need to add incentive for someone to come in. This recent cash won’t last long. so they are going to need to dilute. Longtime investors may not want to commit more money. So you are probably talking about an offering at 10-12 cents a share. Considering it could be up to 2 years to get internal trials started, finished, approved…..and then an application submitted to various places and approved…..Well we are talking more dilution. Longstory short. To keep getting new people to come in with no money being generated and the share count going up. Well the offerings will end up in the single digits. You could end up with an offering at 6 cents with warrants. So you will need to issue alot of shares to get the capital you need to push this over the finish line. This scenario is why I think they are talking about it now. But in terms of the Vote……Better to increase the share count then go Bankrupt.
And one other thing I will add. The external trials really weren’t that complicated or expensive. All things considered. It wasn’t like a drug trial. Not that many people were involved. Yet the FDA came back on them for another trial. Internal trials however….. Well who knows. It is one thing if you cut your hand and a band-aid fails. Quite another if you are in serious surgery. These trials are going to be much more intensive and extensive. It could be a long expensive process. Not just 3 months of applying an external band-aid.
Hey, who thought “2 months ago” should replace the date?
Here’s the latest article from Seeking Alpha by Michael Murphy (of New World Investor) on the first report from KOLs (Key Opinion Leaders) on how well AC5 works on pressure ulcers (bed sores):
https://seekingalpha.com/article/4373876-arch-therapeutics-reports-first-pressure-ulcer-case-results?utm_medium=email&utm_source=seeking_alpha&v=1600343100&mail_subject=there-are-new-comments-for-you-on-seeking-alpha&utm_campaign=alert-activity&utm_content=link-0
Thank you for that link. After reading the article, I am the most encouraged I have been since Cleveland posted some time back.
yes thanks for the post, a little encouragement has been needed.
Long $ARTH
https://www.newsfilecorp.com/redirect/Xw7Whnyj
Was there ANYTHING new in there that we haven’t already heard over the last year?
The news file YouTube video joevan providesd is a paid advertisement. Normally done for shares. Not sure this is good or bad. Only has 250 views. They did say they were hiring, not sure how they will pay them. Also said looking for distributors. For now looking for diabetic wound market. The balance sheets say they need cash bad. I know the second I sell this stock will go up. Very worried it will go under and open under new ticker and make a fortune. They have a new video showing operating on a pigs stomach, impressed me but I’m not a doc. Doc bones did you see it? I’ve just lost my job and could really use this stock to do something, anything at all. I’ve been waiting so long frustrated is an Understatement. If it wasn’t a 20 hour drive I go choke some info out of norci personally.
I did not see the pig stomach video. Do you have a link to it? I have been in this for the long haul about 6 years now. At this point I am willing to take it to the grave (i.e. the company goes belly up) and I lose a bunch of money and I use it to offset some gains, or it FINALLY does something and I make some money. Either way, I have lost nearly all faith in this company. Good technology, horrible management.
@DR Bonz – you mean you haven’t already lost a bunch of money??? (OK, unrealized at present)
Under other world travel circumstances I might have to think about my spouse & I taking a trip to Lourdes to see if we could invoke a $ARTH miracle, something along the line of raising Lazarus from the dead.
Keep yourself safe there in PA – we’ve got to last the distance.
Cheers,
Penny
Međugorje is more current and I have been to and seen many “miracles.” ; )
Do not understand why no one has not ordered and used? ie for people on blood thinners to have a ready supply of AC5, etc etc etc
Plus give opportunity to talk with management.
Here is the ordering information for AC5.
https://www.archtherapeutics.com/products/ordering-information ;
Ordering Information AC5 Advanced Wound System
Available in the USAItem Number AC5-1001
AC5 Topical HemostatAvailable in Europe
Item Number AC5-2001
To place orders:
Email:
orders@archtherapeutics.com
Phone: (617) 431-231
Cleveland, are you referring to the average Joe on the street ordering? I mean, what is someone on blood thinners going to do with a batch of AC5? The ordering information is just an e-mail address so it doesn’t list a minimum amount one could purchase or how much it would cost. Also, can literally anyone purchase it? Do you not need a physician’s prescription for it? As far as doctors ordering it, I suppose that would be feasible but before you ask me to order some, understand that I am employed by a large hospital system and I have little if any say in purchasing decisions.
So I am newly on blood thinners and am going to ask my cardiologist to order AC5 so I can have it on hand to stop any bleeding. Makes total sense to me. I assume one needs a physician’s prescription but I will find out. Thanks.
Cleveland, I had a DVT and have been on Xeralto 20 mg/day (blood thinner) for almost 4 years. When I have been cut (nothing serious), I bleed just a little more than before; but I do bruise more and easier.
Since using AC5 for say, bleeding from shaving that doesn’t stop due to your blood thinners isn’t yet an FDA approved use (at least I don’t think it is) I assume this is not going to be covered by your insurance. Do you know how much it is going to cost you out of pocket? Does your cardiologist know how much you’d need for the use you are proposing? My guess is that not only does he not know, but he will say “AC who?”
Not trying to give you a hard time here Cleveland since you have been an invaluable resource when it comes to information about this company. I’m just trying to ask real world questions.
FYI – order info link gets a not found.
Thanks, you do the same. And OH YES, I have already lost A LOT of money on this! 🙂
@yelpik I added a comment to the comment section – currently the one and only one. Not many people pressed “like”.
$ARTH Long
https://ir.archtherapeutics.com/press-releases/detail/548/arch-raises-approximately-1-1-million-with-convertible
Long $ARTH Finally some good news.
https://ir.archtherapeutics.com/press-releases/detail/550/arch-therapeutics-announces-distribution-agreement-with
@joevan30000 OMG! Something has happened!
(Now I did have a little flicker of curiosity last Thursday when $ARTH’s share price went up a smidge. )
For a long time I’ve had a partial sell order in for 16c and it triggered today. Also, one sell order for 20c in another account. Weirdly, that one triggered – for just 110 shares. At 20c. Can’t say I’m exactly in the money!
@dunnydame I’m not sure what to do. I’ve been holding on to shares since 2017 so I feel like I’ve waited this long I might as well see where it goes. I do not hold a life changing amount but it is enough to keep an eye on the stock. It has been a rough few years to say the least but maybe patience will pay off.
@joevan30000
I’ve been holding my $ARTH shares in several accounts since 2016 and 2017.
Like @DR Bonz said above, maybe we’ll carry these shares to the grave, sigh.
I’ll admit to being a wee bit sad when the 16c order triggered for some of the shares. It’s like some unknown person has taken a troublesome delinquent teenager off your hands, and they’re going to send him/her to military academy, straighten him/her out and end up with an absolutely perfect dutiful child who will provide for them in gratitude and luxury for the rest of their lives.
Cheers, Penny (currently trying to find the best place to spend the proceeds from my 110 shares sold for 20c apiece)
Been months since I’ve checked in. Wondered why arth bumped up. Distribution is good news, sales would be better. Still scared they run out of money. Have decided going down with the ship. Everything I’ve sold went up. That damn tril I sold at a buck and it’s like 14 now. Buffet said buy the idea and stick with it unless something changes. This just seems like a real game changer in the health market. Doc bonz is a doc and he has been impressed. I’m praying for more good news to come. Hang in there gang stay safe
@yelpik
I’d dumped my $TRIL too.
Did hang onto a few $ZFGN (now reverse split and renamed $LRMR Larimar)), $APTO (good), some $AUPH and $CAPR (not so good but better when I sold the bulk of them).
Still holding and having faith in $DMAC and $CWBR. I might take them to the grave too!
Just bought a tentative position in Medecenna $MDNA (good).
Stay safe back to you too – we need to survive to reap the benefits of our PATIENCE (or something)
Medecenna = Medicenna, sorry
Hey dunnydame has anybody looked at NGENF a company that bio pub and nut bag drkss has touted. I’m not a member but you can figure out some picks easy. If you search bio pub on youtube you can see videos with drkss in them on camera. They have a video on medicenna you might want to watch if you haven’t already. Seeing him on camera was a wake up call to me. He is a chubby unkempt middle aged oddball. After seeing him I certainly wouldn’t have him as my doctor or pay whatever outrageous cost they want to join.
@yelpik
Yup, BioPub is where I got the scoop on Medicenna. No, I also have no interest in paying the fee, though I did for the introductory first year. I still get notifications on when they’re going to have an online conference with a visiting VIP from a biotech company and I check those companies out occasionally though I can’t tune in to the actual conferences.
I’ve watched the YouTube offerings too. Alas not enough time to check out them all.
With impending Old Age I’m progressively moving my portfolio over into dividend-paying stocks, and speculative biotech stuff doesn’t fit in too well.
I’ll do some research on $NGENF since I do have cash available from the sale of the parcel of $ARTH shares that triggered for 16c. (Sheds a few tears for their sale. I really miss them, and was really hoping they’d eventually go for $8 apiece.)
Penny – “livin’ la vida sola” (at least with spouse anyway)
Just stopped by after some years to check how TN is doing. Seems he continues to have a following. This is so interesting. After 10 years we keep following this product, discussing it , knowing all the time that TN and the BOD sell more shares annually to get what’s now millions of dollars and we keep thinking this product has value. By now if it had real value, both big Pharma would have bought in and the medical community would be using it by the truckload. Neither is true! Yet all of us stockholders, including myself continue to dream that at the end of this rainbow there is a pot of gold. Let’s admit it– we’re all suckered.
I would have been sooooo much better off if never introduced to that evil pied piper. I lost more than half of my hard earned money. His goal was to rub shoulders with other scientists with the lure of his minion followers, who would hang on steadfastly, per his stance. His goal was never to help others make money. Still have ARTH (ugggh) and still have CWBR (ugggh).
I call it “The House of Hubris.” He is very seductive.
Medicenna is exciting for the fact that they seem to have a treatment glioblastoma. I lost a good friend to it years ago and his children are scared they might get it. I’ll wait to see if it takes any dips. Looks like it should be going up soon, but I give up trying to figure out when drug stocks become profitable it just seems to take forever to get drugs to market.
Since several posters have invoked my name, I wanted to briefly chime in. While I do like the technology (if it works as described, and right now no one is sure that it does) I do not like (in fact I hate) how this company is being run and I do not like it’s CEO at this point. Even if AC5 is the “second coming” of biotech, we may never get to see it in action. This company and getting this product to market have been incredibly mismanaged and unless there is big change in how they run ARTH, I don’t know if things will ever change. While the recent news of a distribution deal is good (hell, ANY news at this point, after waiting 5+ years is welcomed) it may be yet more of the same smoke and mirrors we have seen in the past.
For the sake of disclosure, I had made some profit in several other companies and for tax purposes I sold all of my shares of ARTH to offset those gains. I waited 31 days and repurchased ARTH again but only have the shares I had before at 0.16 (it’s strangely satisfying albeit false satisfaction, to see my TDA account light up GREEN under ARTH now after seeing it RED for the past 5 years). I do this only because I still have faint hope that this product really is as advertised and someday will be in the hands of actual surgeons, helping patients.
Finally I see posters lamenting owning Cohbar (CWBR) and Medicenna (MDNA). Not sure why. I am up 46% CWBR and 34% MDNA right now.
@drbonz So good to hear from you.
My average cost on $CWBR is $3.13, so I’m definitely underwater. You must have bought at better prices than I did, sigh, though I do still have faith in that one.
I’m not lamenting $MDNA as it is happily in the green on Schwab, even having bought it so recently. May it continue to prosper.
I categorize the biotech/pharma stocks as being in my mad money investing sector (except for heavyweights $JNJ and $ABBV).
The proceeds from the sale of the $ARTH shares that were triggered at 16c I have put into clean energy stocks, thusly keeping them in the realm of mad money investments.
Take care, stay healthy, and check in with the Gummiverse from time to time,
Penny
Nicely said Penny. I feel your pain as I bought in to CWBR at $ 6.35. I’ll second Penny’s comment @drbonz, it was good to hear from you. Tell Ben I said hello.
Regards,
Frank
@frankw17 My first purchase of $CWBR in 10/17 was for $6.79 apiece; the ones following at less than that, fortunately.
If any of you are members of biopub, please pass along my thanks to KSS for introducing and discussing $AUPH. It’s been a long trip. Hopefully some of you are still in it. Tomorrow will be a crazy day.
Yes my thanks too, haven’t sold a single share of $AUPH, and I thank Dr. KSS everyday for pounding the table on this company when it was only $2/share. What a gem
Yeah, unfortunately he was also pounding the table when $ARTH was around $0.55 He then claimed that a “100 Bagger” was not out of the question. I’ve lost much more than I’ve gained listening to all of his jabberwocky….
@G We feel your pain, not only with $ARTH.
@savethemanatee
I saw that announcement and wondered what sort of reaction might ensue this week.
I will confess – I did sell off shares, silly me, but have 300 left. As we say around here, better than a kick in the pants (or a poke in the eye with a sharp stick).
@dunnydame Replying to myself and clarifying – I neglected to put in a reference to still having just 300 shares of $AUPH. (I have far more than that in $ARTH.)
Didn’t want to confuse anyone since this is the $ARTH discussion page.
@savethemanatee @mseager
Here’s an article on SA today from Bret Jensen, author of the Biotech Forum. Yes, I know XKSS would pooh-pooh any words that a SA author might put out, but it’s always good to read other analyses. Bret does covered calls that some here might be interested in reading about.
https://seekingalpha.com/article/4402015-assessing-aurinia-pharmaceuticals-post-fda-approval?mail_subject=auph-assessing-aurinia-pharmaceuticals-post-fda-approval&utm_campaign=rta-stock-article&utm_content=link-0&utm_medium=email&utm_source=seeking_alpha
Thanks, I saw this. Bret is pretty knowledgeable, but this appears to be a mash-up from previous articles that are now a little out of date–for instance, he says that Voc “has yet to be approved for any indication.” The share price seems to be getting manipulated right now (a large shareholder dumped over 2M shares right after approval, possibly to trigger stops and be able to get back in at a lower price), but I think this is still likely to be bought out in the next six months or so, probably after some data on how fast it is being adopted as the standard of care. If Aurinia’s estimates on the market size are accurate, then it could go for $50-$80 per share, which is in line with Bret’s conclusion as to the ultimate valuation. We’ve held for this long, a little longer won’t be the end of the world!
It is such a great product. Meaning internal. I got out last May. Maybe it picks up. It just goes to show you. It is hard to bring up a R and D penny stock. Beyond the product ……..well you need Management who can see it through. I am out. But it is a shame that the internal product isn’t on the market already. Beyond our investments. It could be saving lives. That is why most of us got in. The combo of a great product – maybe revolutionary – that could also make the investors happy. Fire TN. Although I think it is too late. At least for those who got in long ago. Covid certainly didn’t help. Doing trials right now is a cluster. Hospitals and surgeons have more things on their mind. But still. There has to be someone better out there then TN to get this through the Hoop.
Has the pied piper Cleveland been back to pump this stinker? Sad!