(BPAX) Mcap 55 M /Cash 70 M /FDA DECISION 14 FEB 2012

Discussion in 'Stock picks and trading strategies' started by DollarChamp, Jan 13, 2012.

  1. DollarChamp

    DollarChamp Member

    This Goldmine currently trades below cash but this will change with the upcoming FDA Decision on 14th Feb . FDA approval will push this wayyy oversold goldmine back to $2++ easily ..

    Buy now and make a lot of money with the runup to Fda decision folks .

    TARGET 3-5 dollar in 2012 ! GLTA


    Biosante (BPAX)

    Market cap : $56 M
    Cash : $ 70 M

    Price: 0.515



    MEGA PIPELINE
    http://www.biosantepharma.com/Products.php



    Bio-T-Gel™

    Bio-T-Gel™ is a once-daily transdermal testosterone gel in development for the treatment of male hypogonadism, or low testosterone levels. Male hypogonadism generally is characterized by impotence, a lack of sex drive, muscle weakness and osteoporosis. In 2010, the transdermal testosterone market for men in the U.S. was over $1.2 billion.

    Bio-T-Gel™ is licensed to Teva Pharmaceuticals, USA. A Bio-T-Gel™ NDA is pending with the FDA having a PDUFA date of February 14, 2012. Teva is responsible for all regulatory and marketing activities.



    ....................................
     
  2. Rat Fink

    Rat Fink Active Member

    Hey I could use some of that! LOL
    Are younbridingbfree shares going into the FDA decision. Those are risky beyond risk. I love em. If they go right you ride the wave and then short the snot out the stock. rebuy before they announce a marketing partner, then ridse the wave again and pay off te mortgage. Great nitch field, but does it work? The FDA is a bunch of anti capitalisim A-holes. I really hate the power they yield.


     
  3. Rat Fink

    Rat Fink Active Member

    But on a more sober tone. What about this burp?
    DNDN did something about like that and had a bad kick in the side of the head. They turned it around and rock'n today. The entire Sector is rocking. DNDN leads that arena.


    The investigation stems from allegations that BioSante issued materially false and misleading statements designed to artificially inflate the Company's stock price. In particular, the investigation concerns allegations that senior officials at BioSante misled investors about the commercial viability and effectiveness of LibiGel, an experimental compound intended to boost women's libido. On December 14, 2011, the Company disclosed that its product LibiGel failed to yield positive results in efficacy tests. Upon this news, shares of BioSante stock plummeted from a trading high of $2.65 on December 14, 2011 to a close of $0.48 on December 15, 2011.
     
  4. DollarChamp

    DollarChamp Member

    Great buying opp after Pullback .GL
     
  5. Nice, Ive been watching this since mid september and saw it hit 38 cents...very nice bounce play here.

    Definately a good time to grab some shares in this dip
     
  6. Looks like its on its way back up
     
  7. DollarChamp

    DollarChamp Member

    More infos about this massive undervalued Company ..... GLTA

    MONSTER PIPELINE :

    Part 1
    http://www.biosantepharma.com/Products.php

    Part 2
    http://www.biosantepharma.com/images/gvax-imm-chart.gif

    BPAX has equity stake in external companies :

    BPAX has 16% Stake in Ceregene
    http://www.ceregene.com/pipeline.asp

    BPAX has 19.9% Stake in Coldgenesys
    http://coldgenesys.net/products


    Institutions bought the hell out of it since the drop in December and now the Institutions holding more than 45 Mil shares thats the highest level in the of this Company
    http://www.mffais.com/stock/biosante-pharmaceuticals-inc.html


    Management bought most of their shares above $1.50 and they never sold a single share .
    http://www.secform4.com/insider-trading/1023024.htm
     
  8. Shaban

    Shaban Member

    btbulldawgs; can I get your opinion on this company?
     
  9. Blaine Tarr

    Blaine Tarr forum leader won penny contest 24x won weekly contest 20x

    LOL, CRAP.....

    This is getting promoted now, making its way around the circle. A bunch of stuckholders here need buyers to get it higher so they can get out. It could be years before they finally get their LibiGel (Viagra for Women) to actually show better results than the placebo.

    http://finance.yahoo.com/news/BioSante-Pharmaceuticals-bw-732355832.html?x=0

    LibiGel could be huge if they actually get it in line, but are they willing to still fork over $2.5 mil a month for the testing/research. Yes they are working on a few other candidates but again, these seem years away.

    The good points are the nice amount of cash in the bank, and the chart is set-up for a short-term bull rally. Huge gap to fill, and currently slight uptrend. It could be argued a pennant is forming on the daily chart. If it breaks to the upside it could see .80 in a hurry, but if it breaks to the downside, .54 will be the magnet. Play accordingly.
     
  10. Doodman

    Doodman Member won penny contest 7x won weekly contest 3x

    I'd buy if it reaches .75. Like bt said there's a huge gap to fill, but if it breaks down I wouldn't want to be the one holding it.
     
  11. Doodman

    Doodman Member won penny contest 7x won weekly contest 3x

    Bought some today, looks like a nice uptrend.
     
  12. Blaine Tarr

    Blaine Tarr forum leader won penny contest 24x won weekly contest 20x

    Yea pennant broke to the upside probably gets .80 out of this move Monday or Tuesday. A few in my chat room in on the action as well. I'm personally not in.
     
  13. Shaban

    Shaban Member

    They released some employees and now currently spend $1mil a month for testing/research. They have Bio-T-Gel which is up for FDA approval on February 14th.
    The other candidates you're talking about are cancer related. They get paid royalties on the cancer related stuff whenever the companies working on them progress. As of now, I believe one is in phase 3, two are in phase 2, and one in phase 1. (I'll have to recheck that, but that's what my memory is telling me).

    As for the people who bought when it was $2 and lost a lot, they could have bought more at .38-.45 and regained a lot of that money back.

    I got in at .65 and it's been steadily climbing since. IMO this stock is going to be in the $1 range soon
     
  14. Blaine Tarr

    Blaine Tarr forum leader won penny contest 24x won weekly contest 20x

    Agreed that this one is headed higher - short term. Actually wouldn't surprise me to see it get 1.15 over next few weeks, but that is not how I trade. I'm really short term, you know this....

    The royalties are nothing compared the revenue they need. $180,000 last quarter isn't going to cut it when you have over 100 mil shares o/s.

    But the current burn is 2.5 mil, and if they cut the libigel project then it will be reducded to 1 mil. Last PR clarifies:

    But hey all in all it sounded like you didn't need my opinion! You got this one taken care of. Just remember to pay yourself along the way. Good Luck.
     
  15. I emailed my people on this way back when it fell to around .50 cents, it then fell to .38 cents before finally starting to come back up.

    Ive been buying shares down low waiting for this...making good money here finally.

    Ill prolly sell all before feb 14th but Im gonna hold a small amount through, maybe 5k shares.
     
  16. Blaine Tarr

    Blaine Tarr forum leader won penny contest 24x won weekly contest 20x

    BPAX goes boom and speeding up. .90's hitting now. Glad to see you guys in the green.
     
  17. Shaban

    Shaban Member

    Thank you sir, should see $1+ EOD or tomorrow :top:
     
  18. Doodman

    Doodman Member won penny contest 7x won weekly contest 3x

    0.96 right now, probably gonna be some selling when reaches 1$
     
  19. Blaine Tarr

    Blaine Tarr forum leader won penny contest 24x won weekly contest 20x

    $1 there it is, just make sure you all pay yourself at some point. It will have a pullback before powering higher most likely.
     
  20. Great movement today on BPAX...only wish I had the balls to buy more back when I was buying between 40 and 50 cents lol
     
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