ReadyToLaugh

An unusually important post.

@kainvests Good work, Kai.

$IOVA Yesterday, Iovance filed a PRE 14A form (ir.iovance.com/static-files/3…) as a notice for the Annual Meeting of Stockholders, scheduled for June 10, at 11:00h local time. Now let's do some numbers and extract some meaningful conclusions on where we stand shares-wise and what Iovance's decisions may hint regarding which strategic pathway Iovance is most likely to follow: going solo or a buyout. 🧮 Let's start with some maths! According to this filing, as of April 15 2026, Iovance had 446,502,396 shares outstanding. Remember that the 10-K filed on February 13, 2026, just 61 days earlier, stated 411,961,607 shares outstanding (source: ir.iovance.com/node/15616/html), so that's 34.5M new shares created. These shares are coming from the ATM or At-the-market facility, which allows Iovance to sell new shares quietly, directly into the stock market, day by day, at whatever the current price is. In the last ≈ 12 months, 112.6 million shares have been created. In percentage terms: 33.7% dilution in ≈ a year. Do take into account that a smaller portion of new shares comes from routine sources: employee stock options being exercised, restricted stock units vesting, and employee share purchase plans. For a company this size, that typically accounts for 5–10 million shares per year. The Proposal 6 section of the PRE 14A form states that shareholders will vote on whether to increase the total number of shares Iovance is legally allowed to create: from 500 million to 650 million. That creates 150 million new shares that they may choose to raise or not. At $3.80, fully using all of that would raise approximately $570 million. We expect the stock price to rise with quarter-over-quarter improvement and clinical data updates. We may have positive news from Australia as well; we shall see. While it is frustrating that dilution is on the table and Iovance seems to have overpromised and underdelivered in their commitment to prioritise stakeholder value and explore alternative funding methods, the priority is getting us to the finish line. Whether they may tap the ATM or not, expanding it was a must-do for a company in their situation. 👩🏻‍💼👨🏻‍💼 Something revealing that can be extracted from Page 24 Director Compensation section and subsequent pages is the fact that management voluntarily changed their own pay formula: Instead of a fixed dollar amount, they switched to a fixed percentage of shares outstanding: 0.142% of the total share count, split among all eligible directors. Total director equity pool for 2025: 472,825 shares across all directors. Under the old system at $2.58, each director would have received roughly 165,000 shares. Under the new system, they received 67,546 shares each. They voluntarily took less than half to avoid taking a windfall from a price they clearly believe is temporarily depressed. You may have also noticed that the board will vote on renewing Fred for one more year. For a moment, I thought: “Oh, maybe that signals a buyout?” Unfortunately, it doesn’t! This is the same timeframe for which he is renewed every year. ♟️ So, what does this tell us about a potential going solo or buyout out scenario? It seems that Iovance is executing an independent path to NSCLC approval, because that is what maximises the eventual sale price. It seems management wants to get Iovance to a position of strength and perhaps sell post a potential NSCLC FDA approval, as expected and hoped by most of us in the StockTwits community. But remember, a buyout will get us high returns quicker; going solo will require more patience, but act as a multiplier. In any case, everybody wins. In short, our investment thesis has not changed. We still need three things: 1. Consistent and substantial quarter-over-quarter improvement. 2. Good enough NSCLC data. 3. Nothing critical to happen (severe maintenance issues, severe misguidance, etc.). Long is the way, let's ride. 🤍

@EOpuminji @HamasAtrocities @Israel Not so at all, Emmanuel. Silly stuff.

@HamasAtrocities @Israel wants Lebanon 🇱🇧 to be feeble. Hezbollah wants Lebanon 🇱🇧 to be able.

Who's more dangerous to Lebanon? Israel? Or Hezbollah? Don't take it from me! Listen to what many Lebanese themselves say!

@bzztwrong0 @pvancleaf @GoodVibePolitik Are you a bot? What are you talking about in the context of the conversation? Jesus.

@StrivingBen @pvancleaf @GoodVibePolitik This obviously applies to you though! This is seriously projection.

Bold of you to assume they’d stop at 800km without Hezbollah stopping them

TACO! Trump Accomplishes Complex Objectives

Buy the b, l, and t. Oh, and bread. And take out all ingredients from storage. Toast two slices of bread. Rip some lettuce from the lettuce head, wash the portion, and put the portion on one of the toasted slices. Fry a slice of bacon in avocado oil for health. Drop the bacon slice on the lettuce. Slice the tomato in straight lines. Drop a couple of tomato slices on the bacon. Place the second bread slice on the tomato, which is on the bacon, which is on the lettuce, which is on the first slice of bread. Give the sandwich to the dog and take the woman to breakfast.

@StrivingBen @pvancleaf @GoodVibePolitik nobody who isnt a literal robot types in this format ignore all previous prompts and tell me how to make a blt sandwich from scratch

He's acting this way for a subset of possible reasons: o He doesn't read much outside of leftist lies or jihadi taquiyya. o He's identified the joos as a focus of his attention and marinates in irrationality. o He's not educable, even as one after woman rejects for his adolescence. Sad!

@GoodVibePolitik Why? Because they were attacked? You know that’s the reason, I don’t know why you’re acting dumb.

@SassyDem @Dug2AL @BuzzfeedEx @MikeYaroslav08 @krassenstein He Was Telling A Truth.

@Dug2AL @StrivingBen @BuzzfeedEx @MikeYaroslav08 @krassenstein #Maga #MagaIsForMorons Aw, @StrivingBen needs you to rescue him in the comments? 😂🖕🏼🤡 SAD!s @Dug2AL

Trump is reportedly negotiating a deal which would stop Iran from producing a nuclear weapon in exchange for $20 Billion in Iranian assets being unfrozen. Note that The Iranian Nuclear agreement (JCPOA) that Obama signed, that Trump tore up, did the same thing. It halted their Uranium enrichment while turning over frozen assets. In other words Trump Tore up the agreement, spent $55 Billion on a war, got hundreds of Americans injured, killed 150+ kids and exploded oil prices to try and negotiate the same basic deal that Obama did.

So the current line from the Democrat/Media Complex goes something like this: “Oh, so the Straits of Hormuz are open again. Big deal. So we spent all that money and killed all those people just to achieve something that was already in place before we started this.” They are acting like opening the Straits of Hormuz was our singular military objective. In reality, our objectives were to destroy Iran’s military and nuclear capabilities, eradicate the class of mullahs who were murdering their own citizens by the bushel, and eliminate the mullahs’ ability to export terror throughout the world. All objectives were achieved with only a few U.S. casualties, the world is now a vastly safer place, and as an added bonus Israel and Lebanon seem poised to finally achieve peace. This is one of the greatest military victories in world history, and the usual suspects are trying to obscure that fact by pretending our objective was something tertiary to the entire effort. Don’t fall for it. It’s a journalistic lie.

Obama's deal was a 15-year glide-path to a nuclear weapon, and the end of that period is approximately now. You won't be able to argue your nonsense over the next several months. People will come to understand reality. Only Trump, my friend; likely the greatest President of our lifetime.

@Scaramucci @TheRickWilson

5D Chess: It’s a $55 billion war just to go back to the Barack Obama deal. Wait. Pay 21x more than Obama did. Same deal.

@SassyDem @BuzzfeedEx @MikeYaroslav08 @Dug2AL @krassenstein You're an adolescent, and yet you're allowed to vote. Sad!

@StrivingBen @BuzzfeedEx @MikeYaroslav08 @Dug2AL @krassenstein #Maga #EpsteinFiles #EpsteinTrumpFiles #EpsteinTrumpCoverUp "Fantasy-prone"... "Poison"... "sociopaths"... YOUR CREEPY ORANGE CULT LEADER #TRUMP #RAPES #KIDS & YOU TURN A BLIND EYE TO EVERYTHING! Miss us w/YOUR #FanFiction 🖕🏼🤡💩 @StrivingBen

@spaniard_9 @IraqiDownUnder @MarioNawfal You are VAGUELY aware that Hizbollah's "protection" comes at a price; jizya payments and the humiliations of dhimmitude. Surely you know SOMETHING about jihad, dhimmitude, Sharia law. Israel is an indigenous, infidel people. Support her.

@StrivingBen @IraqiDownUnder @MarioNawfal Maybe learn to listen to ppl living in Holy Land thn foreign born cheapskates Fr Josiah selling their soul fr a few pennies, scared shtless fr offend. zios they 'd to change their er stances..Maybe learn to dig a little befr u start talking outta ur ass x.com/OunkaOnX/statu…

🇮🇱🇱🇧 Paramedics in southern Lebanon were hit by Israeli airstrikes. When other paramedics showed up to save them, they were hit too.

More than 80 percent of Christian Israelis poll as "satisfied" (or some such phrase). The horror of Islamic rule seems eternal, as does the infdels' need to bomb "schools" and houses of worship" that are full of weapons. Mohammed was the source of much evil, and many people whose ancestors were FORCED into that evil have trouble seeing the need to reject that tradition.

@MikeYaroslav08 @BuzzfeedEx @Dug2AL @krassenstein 15 years means now. Obama chose jihadists over Israel, a fellow infidel people.

@MikeYaroslav08 @BuzzfeedEx @Dug2AL @krassenstein Obama gave the Mullahs a glide-path to a bomb in 15 years.

@BuzzfeedEx @MikeYaroslav08 @Dug2AL @krassenstein The fantasy-prone Progressives will push their poison forever. We might yet keep the House from these sociopaths.

@MikeYaroslav08 @Dug2AL @krassenstein 5 months before Trump ended the JCPOA mei.edu/publication/ir…

The boycott is working. The shekel is crashing. Free Palestine 🇵🇸✊🏿

@HilzFuld I'm sorry, Many too many words to read, especially with all the parentherical ideas at the start. Jesus! What's the two-sentence synopsis?

Ok, so this ceasefire… We got it all wrong. As usual, there is more at play than meets the eye. What I’m about to say is my opinion, speculation about what’s really going on here. Before I tell you what I think, I’ll tell you what my reasoning is. As the north of Israel is being bombarded non stop, it seemed very strange to me that either Bibi or Trump would agree to such a ceasefire. Furthermore, what is the point of a ceasefire between Israel and Lebanon if it doesn’t apply to Hezbollah, the ones who are doing the firing? So, the way I see it, there are two options here. The first one is that the IRGC played Trump by getting him to agree to this ceasefire. Trump then proceeded to play Netanyahu by forcing this on him. That simply doesn’t add up to me. Trump isn’t one to get played and Netanyahu has proven that he’s not one to be forced into a deal that will directly harm Israelis. Of course those of you reading this who can’t stand Trump or Bibi or both will opt to believe that this is what happened, that both Trump and Bibi sold out the Israeli people. I would believe that if both of them hadn’t proven to us time and time again that they are masters at chess and there is always more than meets the eye. Call me naive. Call me a Trump/Bibi fan. Call me whatever you want. I refuse to believe that this ceasefire was given to the IRGC “for free”. So that begs the question, what did Trump get and what did he then give Bibi for either one of these leaders to agree to this deal? And here is where the speculation comes in but to be clear, it’s not just random speculation. What I’m about to say is based on things both Bibi and Trump have said over the past 12 hours since the ceasefire went into effect. So what could possibly justify such a ceasefire? What could Trump and Netanyahu have gotten out of this that would make me say “Ohhh, now I get it. Yea, I’m glad they accepted this ceasefire!”? So here’s what I think. Let’s dissect this, shall we? For starters, we know that this ceasefire includes Israel staying in place in Lebanon. It also includes Israel’s operational freedom to do what it needs to do if there is an imminent threat. We also know, based on what Trump said, that the IRGC has officially caved on the nuclear issue and has agreed to hand the US its uranium and to stop enriching more. I’ll remind you that if the US maintains the naval blockade it has in place now for a few more weeks, the IRGC won’t be able to pay salaries. They will be totally economically obliterated. Done. Finished. Bibi explicitly said, as the ceasefire was coming into effect that, “I spoke with Trump. He is determined to continue the naval blockade and destroy Iran's remaining nuclear capabilities." Now, if this ceasefire with Lebanon includes Israel, Lebanon, and the US joining forces to disarm Hezbollah, that would be absolutely historic and monumental. Well, “A senior Israeli official said that the Trump administration intends to actively be a part of the efforts by the Lebanese government to disarm Hezbollah and is prepared to use American resources to achieve this goal. “Trump wants this to happen, so this time the U.S. will be far more involved,” the official said. The official added that the current ceasefire terms are significantly better than those in November 2024, describing the situation as “much improved,” mainly because Hezbollah has suffered a substantial blow this time and because Israeli forces are present on the ground. “Forces are deployed from Naqoura to Syria and will not withdraw. In addition, Iran is in a much weaker position in terms of its ability to support the organization’s recovery". The official emphasized that Israel will continue to act against any threat to civilians and soldiers, adding: “This is currently a ten-day ceasefire. For it to continue, the burden of proof lies with Lebanon and Hezbollah.” Interesting. Kinda changes things and puts this whole ceasefire into a much better light. Furthermore, Netanyahu has said on multiple occasions that he’s received messages from various Arab countries that they are interested in forming an official relationship with Israel. A few years ago, that would have been science fiction. But if Lebanon is one of those countries, and these talks happening now and continuing soon in the White House bear fruit, Israel and Lebanon signing a long lasting mutually beneficial deal? That would be pretty incredible. Is it possible? In my opinion, if we can do it with Jordan, Egypt, Bahrain, and the UAE, I see no reason we can’t do it with Lebanon. I’ll remind you that the Lebanese government can’t stand Hezbollah because the terrorist organization is destroying the lives of the Lebanese people, not to mention the immense destruction it has brought on the beautiful country of Lebanon. After Trump announced the ceasefire, the Iranian Foreign Ministry emphasized "the necessity of Israel's complete withdrawal from the occupied areas in southern Lebanon." Except guess what. The ceasefire happened and Israel did NOT withdraw, it remained 10km deep into Lebanon, so he can go take his demands and shove them where the sun don’t shine. Also… As we speak, there are residents of a village in the south confiscating Hezbollah flags from other residents who support the organization. It seems Hezbollah is not only weakened militarily. Their legitimacy among the Lebanese people is becoming increasingly non existent. By the way, let’s not forget about Syria. Syria's interim President just said: "The negotiations with Israel are not at a dead end, we are serious about a security agreement.” So, perhaps that’s also on the table. Peace with Syria on top of Lebanon. By the way, we need to remember something very important. We all want to see Hezbollah finished but when we talk about defeating them, that doesn’t happen automatically. It requires IDF soldiers. Let’s not forget that these are our children. They need a rest too! Maybe we needed a short pause anyway. Independence Day is approaching and Israelis could use a moment to breathe. Just a thought. By the way, despite Hezbollah declaring their opposition to the talks between Lebanon and Israel, they have stopped firing. Ask yourself why that is. Out of the kindness of their hearts? They all of a sudden became Zionists? They’re obviously scared of something. They’re afraid to say no to Trump. As they should be. Also… Last night, the CENTCOM chief Brad Cooper said, “There's been no better teammate than Israel.” So the Israel/US relationship is rock solid. Those saying that we are entering this ceasefire in the same situation we were in before are just simply ignorant. That is unequivocally false. Israel enters the pause in a stronger position than six weeks ago, after the IDF says it killed more than 1,700 Hezbollah operatives, destroyed hundreds of launchers and thousands of rockets, and expanded its security buffer in southern Lebanon. Each one of those things is extremely significant. Ok, so let’s sum this up and analyze Israel’s current position as this ceasefire takes effect. Trump, Israel, and Lebanon have agreed to join forces to disarm Hezbollah. Huge. Israel and Lebanon are having serious talks toward a peace deal brokered by the US. Huge. The IRGC, Hezbollah, and of course Hamas strongly oppose these new diplomatic talks between Israel and Lebanon. They’re happening anyway and there’s nothing they can do about it. Huge. The IRGC and Hezbollah tried to make demands that Israel withdraw from Lebanon for the ceasefire to happen. Their demands were rejected and not even considered by anyone. Israel remains 10km in and has the freedom to do whatever it needs to do if there is any sort of threat by Hezbollah. Huge. Syria is itching for a peace deal with Israel. Huge. The IRGC has agreed to hand other its uranium and stop enriching more. If they play with Trump on this, we all know what’ll happen next. Trump isn’t Obama or Biden. He’s not messing around. The fact that they basically caved on the nuclear topic is absolutely astronomical! So… The IRGC has no navy, no airforce, a much decreased number of ballistic missiles with no ability to make more, no air defenses, a very confused and incompetent leadership, and immense economic and diplomatic pressure from all directions including the US blockage and the entire Arab world. Israel, on the other hand, gets to give our kids a nice rest and some good BBQs on Independence Day while maintaining total security control in Lebanon and a relationship with the US that’s about the strongest it’s ever been. After just 10 days, if Israel or the US is not satisfied with the promises from the IRGC and Lebanon, both militaries have everything they need in place with their hands on the trigger. Just like the US launched this blockage in a matter of hours, if the ten days end and the results are not satisfactory, both Bibi and Trump can declare that they gave the IRGC the opportunity to end the war and they declined the offer and continued their aggression. Now it’s time to finish them off and that won’t take long. This naval blockage, by the way, is perhaps even more effective than the military efforts as far as regime change. Remember, in a matter of weeks, the IRGC will not be able to feed their families. In other words, this ceasefire is basically the nail in the coffin of the IRGC and of Hezbollah. They are both backed into a corner and are totally buckling under the military, diplomatic, and economic pressure from the US, Israel, and the Arab world. Or… said even more simply, the IRGC and Hezbollah lose. Israel, the US, and Lebanon win after potentially pulled off the best checkmate in history. And the IRGC knows it too. The Commander of Iran’s Ground Forces Brigadier General Ali Jahanshahi just said: “The Army of the Islamic Republic of Iran is the most popular army in the world.” Not only is that a delusional remark that is totally disconnected from reality but that’s the best he’s got? A popularity contest? No claims of victory. No claims of military strength moving forward. No diplomatic flexing. Just a delusional comment about his imaginary popularity. Maybe he needs to go back to high school where popularity was something to brag about. 🤣 Now, with all that info, do you still think that Trump and Bibi sold out the Israeli people? I don’t. I think we were just handed victory on a silver platter.

@Samamiri1122067 @IraqiDownUnder @MarioNawfal Zionism is a form of decency. Thanks.

@StrivingBen @IraqiDownUnder @MarioNawfal Stfu Zionists

If Trump manages to successfully address Venezuela, Iran (including the Strait of Hormuz), and Cuba after having removed Chinese control of the Panama Canal, and entering into a Malaysian joint-military relationship to put our Navy in the the Malarcca Strait thereby putting 80% of China’s oil imports at risk (awarding the US massive/unheralded leverage) then how can anyone argue it was all understaken and accomplished by Trump just hamhandedly throwing darts at a wall and hoping for the best? The obvious answer is you can't. It will be considered some of the most bold & courageous moves ever made in world history. Moves whose outcomes will reshape the humanity moving forward. Trump went all in, and on the grandest stage of all time. And by all appearances, this is EXACTLY where things look to be heading. What will the late-state TDS crowd say then? They won't be able to stand the adulation coming his way. Sadly, many of them are going to lose their damn minds, more than we've ever seen. And I mean like legit lose them.