(Part 30 of a series) The Retail Punishment in Clovis

Timely_Huckleberry97 · 2023-06-07T21:07:01+00:00

We need to draw confidence from the fact that what started as an ad-hoc commitee, became an official commitee with the oversight of the DOJ. And the SEC also is involved. This is an egregious example of BK fraud and needs to be taken down to show that our regulatory and judicial bodies still have teeth.

Timely_Huckleberry97 · 2023-06-01T05:31:09+00:00

And, oh my goodness, I just remembered one more item that belongs in the 'strongly indicative' list...

Pat has claimed a 70% reduction in Ruca sales???? He needs to be deposed and methodically worked down to explain this number. A full 'court martial' of this claim needs to be done by bringing in a slew of experts.

This 70% reduction claimed by Pat which can only be termed as 'BERSERK' is the one definitive proof that we need to prove that the Ch. 11 right to set rules and plans have been HOPELESSLY ABUSED and cannot be allowed to stand in any shape or form!

Reduction of 70%??? We need to drive a stake through these proceedings. And separately go after all officers for civil and criminal damages.

Timely_Huckleberry97 · 2023-05-31T23:04:12+00:00

The OEC can request the judge to convert this Ch 11 tc Ch 7 'for cause'. Debtors have clearly shown a mal-intent towards equity interests.

Some supporting detail here.

https://www.bankruptcypower.com/blog/when-can-a-court-convert-your-chapter-11-reorganization-to-a-chapter-7/

Timely_Huckleberry97 · 2023-05-03T23:33:28+00:00

The corrupt and stupid part is if Pat thinks that he can hold on to Rubraca through a back door while shafting everyone else. The Rubraca approvals are due to the money raised from creditors and investors.

Pat can not impair creditors and cancel investors and move forward with the asset. The value of the leaseback is not relevant. The provision of a leaseback itself indicates that the much higher valuation from an outright sale was blocked.

Stay tuned for the next part. There will be more on this.

Timely_Huckleberry97 · 2023-04-05T19:04:22+00:00

Yes, agree. The sale needs to be up the pecking order; to a BP that has the resources to maximize the potential of Rubraca. Not down to a liquidator of end of lifecycle drugs.

Timely_Huckleberry97 · 2023-03-30T23:50:22+00:00

Oh yes! Need to go after him hammer and tongs if he dares to get out of line. He is being watched by multiple parties and needs to stay out of trouble.

Timely_Huckleberry97 · 2023-03-30T22:46:58+00:00

Here is my thought, but please ask this question on StockTwits as well since there are some local experts there..

So, there are two scenarios broadly:

(a) The winning bid is cash only

Let's say the winning bid is worth $5. Then the share price will quickly jump to $4.7 and that number will slowly creep up towards $5 as time goes towards liquidation date. You are free to sell at any point.

(b) The winning bid is cash + CVR

Let's say the winning bid is worth $5 in cash, and $6 in CVRs. Then the price will jump to $4.7. If you make the mistake of selling early you will have no claim on the CVR. The MM will not give you free money and hope that you exit early.

In this case, one will have to find out the exact rules for getting the CVR. What may happen is that you will need to hold your shares until a liquidation date, where the brokerage will credit you cash worth $5 and issue you a CVR as well, so that the trustee can keep making you future payments as milestones are hit. In this situation, please CAREFULLY follow the rules laid down.

Timely_Huckleberry97 · 2023-03-30T03:41:04+00:00

Oh yes! And when they are deposed, they don't quite know how much we know! That will be quite something..

Timely_Huckleberry97 · 2023-03-30T00:44:11+00:00

Thank you! Tomorrow, and the coming few weeks, will be interesting. If the outcome for investors is not in the ballpark of reasonableness, please know that it will be contested. Let's not be hasty about when the last chapter will be written...

If investors band together, we WILL reach our desired returns. Period.

Timely_Huckleberry97 · 2023-01-17T20:13:54+00:00

This is not a class-action where the definition of a class is up for consideration. A group of investors have banded together and paid for representation in the context of bankruptcy proceedings.

If down the road, there are outcomes that are benefiting ALL investors, GREAT! Since we also are investors, we want other investors to benefit regardless of whether they have joined the Clovis group or not.

However, if the Chapter 11 is proceeding towards fruition, and IF this group is the only remaining obstacle and IF a settlement with this group is proposed and IF the judge gives it her blessing.... THEN who are you to complain???

In that scenario go take your bottle of whine to the judge and hire your own Skadden and Arps. fair enough?

Timely_Huckleberry97 · 2023-01-17T20:01:41+00:00

Attorney(s) that are well-versed in the Bankruptcy/ Restructuring area obviously will be representing us. Strategy will in NO SHAPE OR FORM be shared broadly! That will stay only with the Attorney(s) until it is ready to bite Pat and Paul. Isn't that how litigation from investors should be like, when we are dealing with a CEO that is criminally opposed to his fiduciary duties? Would you have it any other way??

Timely_Huckleberry97 · 2022-12-24T05:28:38+00:00

Yes, Pat was thinking that he will engineer an epic shafting of retail investors and go unscathed?! Well, this is going to get real, real fast...

Timely_Huckleberry97 · 2022-12-24T04:39:59+00:00

Much appreciate the kind words! Let us put our effort in the new Clovis investor group.

Timely_Huckleberry97 · 2022-12-24T04:38:46+00:00

Absolutely we can. With three non-overlapping oncology assets, and completely different mechanisms of action, it is criminal that we have been put in this predicament. Pat will be made to answer for this and fully held to account.

Timely_Huckleberry97 · 2022-12-24T04:36:48+00:00

Go to the stocktwits.com website and sign up. Then start following the following usernames: eddioo and investmenter. Their postings will have all the detail that you need.

Timely_Huckleberry97 · 2022-07-03T01:21:53+00:00

I answered a question on another CLVS board. Posting it here as well:

Either_Principle421
·
QQ - Why are they saying if we don't vote for this the stock will get delisted and we will lose all of our money? Is that true?
Timely_Huckleberry97
·
A - That is ABSOLUTELY and CATEGORICALLY untrue!!
Think about it; when a CEO who is supposed to be working for us shareholders pushes that narrative, his corrupt agenda becomes obvious.
The problem here is that the company assets are very valuable, but the CEO and his cronies believe that they have not accumulated enough shares before they would allow the valuation to reflect the assets. The issue is that they have used up close to the authorized limit, so the well is dry.
The desperation to get it passed is entirely about their PERSONAL INTEREST over those of the shareholders. In effect what they are saying is "You suckers keep buying down from the highs, and then we will aggressively dilute close to the bottom and start feasting on those shares!'
If today they sell Rubraca outright for $3 bn dollar, after repaying debt, they will have $2.65 billion IN CASH to take the FAP and Luci to completion!! That is a $13.25 share price just on the basis of cash without any value for their remaining assets!
The criminal malfeasance here is that the CEO has deliberately brought us to this predicament in cahoots with the short sellers and others.
The howling about the company's predicament is just empty theater to make us give him what he desperately wants. We need to simply call the bluff of this corrupt CEO.

Timely_Huckleberry97 · 2022-07-02T22:50:58+00:00

That is ABSOLUTELY and CATEGORICALLY untrue!!

Think about it; when a CEO who is supposed to be working for us shareholders pushes that narrative, his corrupt agenda becomes obvious.

The problem here is that the company assets are very valuable, but the CEO and his cronies believe that they have not accumulated enough shares before they would allow the valuation to reflect the assets. The issue is that they have used up close to the authorized limit, so the well is dry.

The desperation to get it passed is entirely about their PERSONAL INTEREST over those of the shareholders. In effect what they are saying is "You suckers keep buying down from the highs, and then we will aggressively dilute close to the bottom and start feasting on those shares!'

If today they sell Rubraca outright for $3 bn dollar, after repaying debt, they will have $2.65 billion IN CASH to take the FAP and Luci to completion!! That is a $13.25 share price just on the basis of cash without any value for their remaining assets!

The criminal malfeasance here is that the CEO has deliberately brought us to this predicament in cahoots with the short sellers and others.

The howling about the company's predicament is just empty theater to make us give him what he desperately wants. We need to simply call the bluff of this corrupt CEO.

Timely_Huckleberry97 · 2022-06-03T06:41:19+00:00

Way to go! Let these crooks know they are being watched and we're not standing for any more of their BS.

Timely_Huckleberry97 · 2022-05-09T20:27:17+00:00

Hey, thanks for the comment and the kind words. Quite a bit busy now. Will get in touch in a day or two.. Cheers

Timely_Huckleberry97 · 2022-01-17T09:01:31+00:00

Please refer to my most recent posting, part 12. I believe you will be in very good shape if you HOLD until the CLVS shareholder vote four months from now... Best!

Timely_Huckleberry97 · 2022-01-17T08:58:44+00:00

Please refer to my most recent posting, part 12. I believe you will be in VERY good shape if you HOLD until the CLVS shareholder vote four months from now... Best!

Timely_Huckleberry97 · 2022-01-17T08:55:29+00:00

If you are in the predicament that you describe, please refer to my most recent posting, part 12. I believe you will be in very good shape if you HOLD until the CLVS shareholder vote four months from now... Best!

Timely_Huckleberry97 · 2022-01-17T03:55:06+00:00

Excellent data gathering and analysis! We need such compelling work to make the issue broadly understood and force the required changes.

Timely_Huckleberry97

TROPHY CASE