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I wonder if another name change would be the saviour. Perhaps Plethora Solutions would give the company the lift off for the money fountain!
And RU = EU. The disappointment is now effecting my fingers. I guess cos I read so much RPG carp, my fingers want to type it….lol
Obviously chant = Chinese ……..lol
Hi bignose , your post sums it up. Really disappointed with the communication from the company, it was another positive announcement a few months ago with blue skies ahead feel “ end of quarter 3…etc” , yet again we are well past that with no update , no sign of progress and no general developments
Morning all.
Well, I must admit I am disappointed with the apparent lack of progress on the chant front which seemed to be going great guns and I felt the last update was just a formality notice regarding the submission at the end of Q3.
That said, I cannot help feel that maybe JG is with holding information in regard to this since a few more days and they will be in a closed period which can provided an added excuse.
Given that come the end of Jan 2024 there will, again, be no money left and from the fact that hardly any PI's committed any more cash during the last placing. It really seems RPG may be trying to play the market with the news to get more interest from a 3rd party investor who is/are willing to buy placing shares at a higher price, since the news should push the sp up to another level ? Speculation on my part, but since the Chinese have gen been ahead of the curve with regards to timelines, there surely cannot be any other explanation. (unless something drastic has been found, which I very much doubt).
No news on the FDA approval process or license agreement front, but nothing different there except if is becoming more and more obvious to me that whoever prospective licensees are left see no value in the product in the states otherwise one would have stepped up to the plate a long time ago.
As a gentle reminder. We have now reached 1 year since the RU approval was given and Recordati may have gotten OTC approval, but its to no good given the manufacturer can only supply 30k can / 4 months and said cans are about 60$ less in price than they were at the beginning.
Its now been over a year since PLE last uploaded the Q & A's on the FDA gov website and its now taken 5 and a half years since shareholders were advised recruitment had started, there is still no phase 3 starts and no license agreement and just for 87 subjects. It certainly beggars belief and is certainly unprecedented.
Is this the beginning of the end, as we know it ???
Been here as long but, as I’m so far in arrears, I’m hoping beyond hope that there might be some improvement in SP. Deluded more than likely.
Hi All LTIs. After being invested, diluted and generally messed about here, for probably 10 years and waiting for the "money fountain" I have sold out completely. Only about 34,000 shares but couldn`t stand the situation any longer. Best wishes to you all.
The lack of communication is normality now , left in the dark about what the company are doing , no concern for shareholders -as to be expected I suppose at this point whilst I’m sure generous salaries being paid .
Ten years since EMA centralized approval- oh dearie, dearie me...
Time from approval to commercial launch- 52 months (let's draw a veil over the sunset clause-dodging 2016 UK launch...), no product availability for half the time since February 2018 (and supply still limited).
Accrued European royalties- c. €472,000 to mid-2023; revenue from wholesalers- c. €3,137,000 to mid-2023, units placed with wholesalers- less than 170,000 to mid-2023
Let's not forget the distinction of being the fastest Rx to OTC conversion on record in addition to being possibly the most overhyped drug product in history.
Sadly, no money fountain ahead. Marketing approval recently renewed with expectation of Fortacin bumping along at around €1m net each year, but with the royalty dropping to 3% or less in just over four years, RPG, if still existent, will need to find something else to cover the 'leccy bill.
Any hope?
None whatsoever...but take some comfort from Sartre: "Life begins on the other side of despair".
Morning bignose. a sobering thought,indeed. sadly i can't really disagree with anything you have said. perhaps im just a slightly more optimistic person by nature (should that read "naive"?),but i haven't completely given up on the FDA, but i have to accept that all the evidence to date points to your conclusion. as always,time will tell.
And to add further salt to the wound. Come the 15th Nov and it will have been 10 years since PLE received marketing authorisation throughout the EU. Ill write that again. "10 years". What a complete and utter waste.
Hi Keith,
Of course I'm still here, but as The.Italian has written. There hasn't been anything to write about. I am a little disappointed that we have still not heard anything regarding the China submission which initially I put down to possible pre submission contact, however. I wouldn't expect it to go on for 5 weeks given they were supposed to have submitted by the end of Q3 which doesn't follow since they have usually been above the curve regarding timelines. That said, either RPGs experienced management have gotten involved which has caused the delay (nothing unusual with that) or it has indeed been submitted but Jamie is far too busy with his other ventures to keep the market updated (I don't think I'd be wrong in suggesting since he has delayed informing the market before).
I have given up hope of RPG obtaining the FDA approval since all they have done is lie and mislead on their abilities to keep to timelines (its has now been over a year since the 2nd set of answers were submitted to FDA's questions and 6 years since they advised the market we would have approval in 2017). It certainly cannot take this long for such a small amount of data 87 subjects and it would certainly wont lead to any license agreement given no one has even considered in stepping up to the plate so far, which would indicate they must surely feel there is no market for the product in the US. Call it sour grapes, but the delays and not wanting to commit speak for themselves.
What this all means of course is money running out by Jan / Feb next year and yet another cash call, but who is left to inject more money? Even the A team must surely not want to inject anymore money as it now has become a huge risk.
Jim needs to be strung up for allowing this all to happen and not consider sacking the CEO/BOD and replacing them with competent and experienced people, but then again, he has done this before with his hobby companies which have not come to much.
Based on the last update, the new manufacturer may have solved the impurities problem but they have yet to solve the supply issue given they can only supply Recordati 30k cans every 4 months, remember that the cost of a can is now approx 60% less than it was before, so 30k cans is utterly abysmal.
As we can do is wait for the Chinese to pull their fingers out, but that's only if there is a company and a product still in existence !!!
Will the company be forced to sell the product to Recordati or even another ?
I'm not even going to mention the DLI which is now a bigger white elephant than the last one.
Anyway, onwards and downwards.
Oh and although long-term PLE holders are down by about 80%, spare a thought for all the gullible RPG holders who had even less to start with after the PLE takeover.
Nuff said. :-)
Nice to read your post The Italian, even if there is nothing to say. At least I feel I’m not the only one holding on for grim death!!! That’s probably a bit too pessimistic.:)
Im still here keith. has'nt really been anything to say, as radio silence continues. we can draw differing inferences from the silence,depending on our individual attitudes to the company and whether we are optimistic or pessimistic by nature. my view is that if they had anything positive to report they would do so,but who knows. i can't offer any words of comfort,but im still invested for what that is worth.
Really worrying that even the ever optimistic posters seem to have gone quiet. I invested in Plethora Solutions many years ago on the misunderstanding that this was destined to be a ‘money fountain’. Year after year, I am disappointed and the SP means I’m about 80% down. My mistake; my responsibility. Apart from the continual name changes, thee seems to be complete stagnation. I can realistically only see one outcome and that is the company slowly descending into oblivion!
Very frustrating yet again with no news as anticipated due to the most recent announcement. as usual all we can do is hope for the best with little in terms of communication. hopefully some progress is being made behind the scenes
No movement in the SP for a few days.
No,dougie,i'm afraid not.cannot be 100% certain he received it,as he has always replied before.i'm not inclined to try again,as if he is deliberately not replying,a further enquiry won't achieve anything.just going to have to wait on formal news i think.
The Italian did you not get a reply then?
Well i emailed jamie on tuesday,but as yet no reply.i'm disappointed as he has alway replied before,even if only to say he can't really add anything etc.of course there is a multiplicity of reasons why he might not have replied and im not 100% certain that his correct email is still as it was in the regent pacific days,but it looks as though it is based on the change of name back to regent announcement etc. anyway,I've had no bounce back, so im assuming it was received.i will evaluate whether to send a chaser after the weekend.
Thanks Italian
Dougie,i will email jamie tomorrow if no news in the morning(grandparents day today,so not much time)
Still no update and the calendar keeps ticking on
Ok dougie.i will leave it until next week,but if nothing by then i will email.obviously he won't say anything price sensitive,but he might just indicate the news is coming shortly,or something of that nature.he has always replied in fairness.