CVM - CEL-SCI CORPORATION

[drumlawyer]

Originally Posted by HOUNDOG

By the way the warrants that he received in 1999 he should be able to exercise them this year???? Correct????

now you are digging way too deep! Corporation law was a favorite of mine in law school - but not tonight!

Look, I would continue to play this with what we know: Facility, John Hopkins, and Multinkine.

We are good. relax and dring more of jack daniels (my choice tonight)!!!!

[Djillusionz]

Originally Posted by drumlawyer

We are good. relax and dring more of jack daniels (my choice tonight)!!!!

JD... on rocks?
Can never do it.... last time i did jd (which was shots) mixed with tequila..
I blacked out haha

[drumlawyer]

Originally Posted by Djillusionz

JD... on rocks?
Can never do it.... last time i did jd (which was shots) mixed with tequila..
I blacked out haha

ha - I am just now awakening from my drunken slumber ... LUCKILY I didn't mix my drinks (learned the hard way in my 20s) and over the rocks is my preferred prescription.

[udds625]

Originally Posted by HOUNDOG

By the way the warrants that he received in 1999 he should be able to exercise them this year???? Correct????

I think stock options have a expiration date of 10 years, if he got it in 99 then he has to exercise them this year or he loses them. So I don't think this is a big deal.

[BrokeStatus]

whats up fellaz!! No activity during the weekend in here, hows it going?

[dragonxbreath]

I don't know about you guys but I had an awesome weekend!! Hope everyone else did as well. Now CVM looks pretty good so far this morning.

[cracity]

Cel-Sci Chairman Sells Stock, Despite Sweetheart Loan Deal: BioBuzz
By Adam Feuerstein 11/23/09 - 10:14 AM EST Loading Comments... Add Comment
Stock quotes in this article: CVM , ABT , VVUS , OREX , ARNA
VIENNA, Va. (TheStreet) -- Cel-Sci(CVM Quote) founder and chairman Maximilian de Clara sold nearly one quarter of his common stock holdings in the company, according to a late Friday filing with the Securities and Exchange Commission.
More from Adam Feuerstein FDA Issues New Obesity Drug Heart Warning: BioBuzzBiotech Stock Mailbag: FDA PlaybookU.S. Sees Low Demand for BioCryst Flu Drug Market Activity Orexigen Therapeutics Incorporated| OREX UPAbbott Laboratories| ABT DOWNCel-Sci Corporation| CVM UPDe Clara sold 100,000 shares of Cel-Sci common stock on Nov. 18 at $1.34 a share, leaving him with a bit more than 351,000 shares remaining, according to the SEC filing. De Clara sold his stock on the day that Cel-Sci announced the start of a preclinical study of its LEAPS-H1N1 flu drug. Cel-Sci shares closed Friday at $1.30.
De Clara's stock sale is noteworthy but perhaps not as much as the generous (some might say usurious) repayment terms he negotiated for himself when he lent Cel-Sci $1.1 million earlier this year.
This loan, details of which are disclosed in Cel-Sci's SEC filings, truly enriches de Clara at the expense of Cel-Sci shareholders.
The $1.1 million loan from de Clara to Cel-Sci bears an unusually high 15% interest rate. The loan was supposed to be repaid last March, but was extended until June. As a reward for lending the cash, Cel-Sci granted de Clara 1.65 million warrants exercise-able at 40 cents a share.
In June, Cel-Sci decided not to repay the de Clara loan, even though the company had the necessary money. In addition to extending the loan repayment, Cel-Sci granted de Clara another 1.85 million warrants exercise-able at 50 cents a share.
Cel-Sci also allowed de Clara to ask for repayment of the loan in discounted company stock instead of cash. If the loan is repaid in this way, de Clara will receive more than 2.7 million shares, priced at 40 cents a share.
Oh, and the loan is also secured by nearly all of Cel-Sci's assets and the company is not allowed to repay the loan without de Clara's permission.
Talk

[dragonxbreath]

Ok so he wrote an article on someone selling his shares and bla bla bla...this isn't anything big and don't see why anyone would really care.

[nobody important]

i'd sell some shares too if i had millions of warrants exercisable at $1.00 below the current price.

[Mr.Mike]

I'v been out for a while and wondering, what the hell is wrong with this stock? Is everyone just selling, still a long hold? Anyone looking to get out of this stock becasue its pointless?