BCDA: Frost Sold ~ 13%

[icemandios]

Sold 19,230,769 at $0.13 but retained 130,503,835.

Probably just needed some cash to pay for my Christmas present.


www.sec.gov/Archives/edgar/data/898860/000143774916043713/xslF345X03/rdgdoc.xml

[gutset]

Why the sale price of $0.13 when the stock was at .53?

[icemandios]

Dec 23, 2016 14:06:22 GMT gutset said:

Why the sale price of $0.13 when the stock was at .53?

Unless that is a major typo, it could only be a prearranged sale to another major investor. In the latter case, we should see another Form 4 shortly. Certainly is a puzzler.

[Deleted]

I believe .15 was his original purchase price. You may be right in the fact that we will see another form 4 shortly showing acquisition at .15 in a prearranged transfer from one Frost entity to another. Could be for tax repositioning too.

[Deleted]

Wouldn't be surprised if its Opko itself. Would make a direct purchase of the company into Opko easier if the trials are successful in 2017 and Biocardia needs the funding to get through the balance of the FDA requirements without having to dilute. I know that they said they are sufficiently funded through Phase 3 now. Pretty optimistic on this one. Sloan-Kettering just put out study on potential of this stem cell approach. The value of these patents would be vital if other entities move into researching this specific area.

[Deleted]

More insider buying at BCDA. .51 price by director. Patents are everything for these biotech startups.

[investobefree22]

I took some profits for once!

BC

[Deleted]

New Form 4/ Looks like Dr. Frost did sell to Opko.  Nice. 

[icemandios]

Dec 23, 2016 15:18:02 GMT @opko1 said:

Wouldn't be surprised if its Opko itself. Would make a direct purchase of the company into Opko easier if the trials are successful in 2017 and Biocardia needs the funding to get through the balance of the FDA requirements without having to dilute. I know that they said they are sufficiently funded through Phase 3 now. Pretty optimistic on this one. Sloan-Kettering just put out study on potential of this stem cell approach. The value of these patents would be vital if other entities move into researching this specific area.

I think we have a winner here, folks.

OPK just filed a 13G showing 24,252,769 shares which is a 5.3% stake in BCDA.

With a 13G, it is filed for two reasons...to show an increase or to show a decrease in the stake.

With a 5.3% new stake, it's pretty obvious that it wasn't a decrease, else the box showing the report was made to indicate a less than 5% interest would have been checked, which it wasn't.

And, to the shout box people who have been opining about how Frost might be screwing his retail peons (like most other pillars of the corporate community are reputed to do), put that in your pipe and smoke it.

I think I recall the question was "Why did he sell at $0.13 when the price was $0.53? (gutset)" The answer was it was a prearranged sale(my assertion based on OPK history)."  Then "to whom?" Many suggestions arose, but the above was, it appears, the correct one....and one I had considered as well.

So, Dr. Frost sold 19M+ shares to OPK shareholders at approximately what he paid for them.

What a conniving scoundrel he is.

In a world where our POTUS is a lying, conniving man, and our Congressmen are lying, conniving men, and our news media are bought and paid for lapdogs, and our regulators don't regulate but conspire with our major bankers who are lying, conniving men........it is understandable how people mistrust everybody they don't know personally, and some they do.

Makes it hard for an upstanding person to be taken seriously. I get that. Maybe this one instance might provide some measure of trust in Dr. Frost. There are honest people, though they might appear to be Unicorns to a jaded society.

So, sell if you don't trust the Doc. That's my best advice.

www.sec.gov/Archives/edgar/data/925741/000119312517000819/d280841dsc13g.htm

[drangled]

Wow. Just wow

Thanks
Drangles

[Deleted]

IF not mistaken I think Dr. Frost " GAVE " some or a portion of his ZEBRA position to OPKO a few years ago. Memory not being what it once was, that memory could just have been a fleeting dream, lol, OR this is the second time in a couple years where Dr. Frost made a small stock " GIFT " to OPKO. I might be wrong in REMEMBERING Zebra, but I do think that was the company, though there is that OFF chance it was a different Dr. Frost Holding. I am sure some here, likely Ice will remember it. If not, THEN I will have to PEN an " I had a DREAM " speech to cover up those dang dead brain cells.


JB.

PS. NO I HAD a DREAM SPEACH, here it is from a 10Q.


In October 2013, we acquired 840,000 shares of Zebra Series A-2 Preferred Stock for $2.0 million . In connection with the transactions,
Dr. Frost also gifted to OPKO 900,000 shares of Zebra restricted common stock which he had received as a founding member of Zebra.

Zebra is a privately held biotechnology company focused on the discovery and development of biosuperior antibody therapeutics and complex drugs.
Dr. Richard Lerner, M.D., a member of our Board of Directors, is a founder of Zebra and, along with Dr. Frost, serves as a member of Zebra’s
Board of Directors.
In order to determine the primary beneficiary of Zebra, we evaluated our investment and our related parties’ investment, as well as our
investment combined with the related party group’s investment to identify if we had the power to direct the activities that most significantly
impact the economic performance of Zebra. We determined that we do not have the power to direct the activities that most significantly impact
Zebra’s economic performance. Based on the capital structure, governing documents and overall business operations of Zebra, we determined
that, while a VIE, we do not have the power to direct the activities that most significantly impact Zebra’s economic performance. We did
determine, however, that we can significantly
2

[stcks]

I loved the line in the Forbes article.

"He views Opko as his holding company. It is his Berkshire Hathaway of health care."

[Chuck-2]

So he paid for the risk then sold to us at a discount?? Gotta love him. 

[gutset]

So, Dr. Frost sold 19M+ shares to OPK shareholders at approximately what he paid for them.

And as of yesterday's close, those shares are now worth $20,576,923.

What a Christmas gift for OPKO shareholders!
I'm sure that Ice won't complain that the Christmas gift he was expecting from the good doctor, was shared with the rest of us