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Is the delay’s in the US & China due to Dr Mike Wylie no longer being involved?
Cont.. as to dli, again i have been very concerned by the apparent lack of activity, so the statements today are mildly reassuring. they may be complete blather of course, but i note the reference to "some public hospitals" plural (although the first reference is to hospital singular). if they have indeed started to gain some traction in the hospital sector this would be welcome news and perhaps a prelude to some takeup by the insurance and actuarial sectors.revenue from dli is so far minimal, but i am encouraged by the reference to new products,so again perhaps all is not lost here.
so that's the positive aspect of my response.on the negative side there has been virtually no income from any source.exponential growth of sales in EU seems unlikely based on past experience,but who knows.this leads to the fundamental problem now, which,as you say bignose, is that we are once again running on fumes. finance is needed urgently. will mellon provide some form of loan (convertible loan notes perhaps) or will they go for an equity raise.if i had to guess ,id go for some form of loan,as i doubt there would be any appetite for an equity raise outside of mellon and co (remember the virtual lack of any non mellon take up for the rights issue) this assumes mellon is prepared to stump up a bit more cash rather than write the whole thing off,which i expect is quite likely if we are on the cusp of getting china on to the next stage etc. expect news on this front in next month or so,imo.
Had a couple of re-reads and i have to say my principal reaction is one of relief. i had been seriously concerned that the months of radio silence were indicative of not just delay,but rather of the occurrence of some fundamental and insurmountable problems,which would put an end to both china and us objectives. so, at least so far as china is concerned, i was relieved to see that things are still on track, albeit with an unwelcome delay on the manufacturer and supply front. if they do indeed complete the agreement in that respect and the submission by the end of this quarter (not a lot of time there) then it will be a positive and very welcome step forward.
the fda position is still very unclear, but at least they are not saying that the process has run its course and is now dead in the water, so some relief there also.
as to the suggestion that a manufacturing and supply agreement is unlikely ever to be completed for china, the words "as the agreement has now been finalised" do appear, even to someone of my limited intellect, to be fairly unambiguous. i accept that regent's history does lead one to be cynical, or at least cautious,as to the accuracy of formal statements,but for the time being i am prepared to go on its face value until proven otherwise.
i note the reference to SPA request in november. whilst not absolutely clear, i take this to mean that a request was made in november and that the resulting questions are now being addressed. the outcome, i accept,remains uncertain, but still a slight hope there. tbc
All as predicted months ago...
Absence of supply agreement is just part of the CMC headache- expect continued submission delay, and if it ever gets that far, NMPA pushback on material differences between clinical trial supply and commercial product among other issues.
And still the pretence that there's the prospect of progress in the US, or for additional licensing deals...this pathological level of dishonesty/self-delusion suggests that RPG is bettered suited to pushing crypto investments.
Morning all. glad they have arrived.had a cursory read as a bit tied up today. will mull things over and re- read later on.
I must admit, I didn't see the China delay coming since they were going great guns. Seems they are also looking for a manufacturer approval too which I guess is obvious, although I would have thought they could have made the submission separately. Maybe they were requested to make them together ?
Recordati's manufacturer would be hard pressed if they can only make 30k cans every 4 months and for Wanbang to target 9 mill they are going to need 3 or 4 production lines at least (remember it took about 6 to 7 weeks for PSNW just to produce 50k cans).
After a quick squizz and summerising. Delay, delay and delay and only fumes in the bank. No China submission and the FDA phase II still going strong and still no SPA. Incompetence rules OK.
Yup, early This morning.
They have arrived.
Very strange bignose.i do recall one occasion when an announcement was due,but it didn't actually come out until just before or just after midnight on the relevant day, but obviously nothing is coming out now until the market opens. it's about 5 20 am in hk,i think. not exactly encouraging is it.
So……. What’s happened to the results ? They are usually announced an hour or two after the board meeting.
Hopefully, although I would like to read...."CEO to resign after a decade of under performance". Here's hoping.
Is today the day our luck changes…
I am not holding my breath either since any good news would or should have been announced. Not exactly sure where it leaves the company. As you wrote, 1.1 mill will only pay for the coffee n lights for a couple more months.
Morning bignose. agreed. we'll know tomorrow (i hope) whether there have been any developments.not holding my breath though.
Morning The.Italian.
Interesting that they are able to make an announcement for a meager 1.1mill, yet. They are unable to provide any update for the Chinese submission or on the outcome of the SPA which should have happened 6 months ago.
1.1 million usd! freudian slip perhaps.
My summary.we have sold an historic holding which was basically regarded as worthless, for 1.1 USD. this is a huge loss over its acquisition cost (no surprise there). so good news that we will get a payment,but of course it will go absolutely nowhere in th eoverall scheme of things. may help to keep the auditors happy for a couple of months (although it is of course an after the period event for purpose of the forthcoming results. so not really of any significance imo.
4 days until results.will there have been any progress? radio silence suggests not, but who knows!
Date of Board Meeting
The board of directors (the “Board”) of Regent Pacific Group Limited
(the “Company”) announces that a meeting of the Board will be held on
Wednesday, 27 March 2024 for the purpose of, among other matters, approving
the final results of the Company and its subsidiaries for the year ended
31 December 2023 and its publication, and considering the recommendation on
the payment of a final dividend, if any.
I suppose “soon” could mean a lot of different things to regent. USA approval and more license agreements around the globe have been close for 10 years according to announcements
Same "friend" that told you China and the US are "going to happen"? And is that friend in the room with you now?
I was told soon…
Until you posted that, I was not expecting anything apart from what would be included in the year end results. Meaning nothing positive since they surely would have to announce any positive news as they have done all previous years.
But as I also wrote. Since they own nigh on 60% of the shares and probably have already informed those of importance, the average PI will not get to know until the said results. Just my opinion of course, but it certainly appears to be going that way.
Bothwell,
You are the one that seems to know that given you posted on the 10th May.......
"Operational update coming soon…..Hopefully positive news! "
Maybe you can enlighten us ???