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Well I was prepared to be deflated prior to this announcement and expected a copy and paste of all the previous multiple statements of “we remain excited by the future prospect” to now “tremendously excited” and yet clearly for the shareholder holding hanging in there reading a repeat announce update and outlook review statement it is yet more frustration.
Such little cash revenue coming into the Group. Recordati had ample of time to prepare for Fortacin launch, research and marketing due to RPG long delay with canister. Yet, they also appear lacklustre with it and feel they need to relaunch it again. So, question is had they suspended it for a period? How much production of the product should there now be? How much revenue of sales royalty and WHEN will it be before received by RPG (i.e. the next 6 months results may again have very little income received)? I am not convinced that Recordati are placing much focus on this anymore which is a concern.
The trials in US and China is getting every closer, but its not much help if the professional companies marketing it are going all out to make it happen. If you go through Recordati’s results presentations there is almost very little evidence this product is on their own product radar let alone the general public or medical outlets.
RPG can put a positive spin in their outlook statement but the true fact is that Fortacin sales are not going at all to plan in any of the timescales project from the past and there is very little RPG can do anything about it as in EU Recordati pull all the strings and they can do what they like whilst RPG is impotent awaiting cash.
Hong Kong/Macau should have happened by now. If Recordati had suspended until a relaunch then transfer the stocks to HK until the next supply is produced and get some much need cash through the door from another region that has been approved many many months ago.
JG needs to get things opened up much quicker in other regions as the current cashflow situation is not enough and not acceptable if the marketing outlet in Europe isn’t pulling its finger out, RPG needs to act fast as no certainty we can rely on Recordati. This is why I am amazed that Hong Kong is taking so long, plus Middle East, plus Latin America. Open things up elsewhere JG and bl@@dy soon please.
agreed bignose and all that is really happening is that mellon is increasing his holding through the provision of CLNs to finance the tax and gibson is doing the same to a much smaller extent to cover his salary because they have no money. no new investors ,vague talk of CBD opportunity etc.glad to know the company is excited.im not!
Just one sentence on HK and Macau
And their latest info is that the phase 2 will end in 2019, yet on the OFFICIAL gov website which was updated on 15th August they state March 2020....blatant lying to the market and its shareholders since the 15th August info is the latest, I will be pursuing this with the HKSX. RPG need their arses reamed out.
read em and weep indeed.it hadn't occurred to me yesterday that there might have been a falling out but i think you may have hit the nail on the head bignose.disgraceful that they still haven't paid the aussie tax but haven't announced it until today.havent taken it all in yet but extremely disappointed on first reading.
2 announcements... read this one n cry..... LOL
Extra extra read all about it.......... read'em n weep......
Not that they would know the difference..... Ha ha ha
Or are RPG returning to their roots and indeed are in discussions with a concrete company ...lol
Blanked which is not like him.
Certainly leads to a fair amount of speculation.
Has there been a falling out between Lorne and Jim and hence the collapse of the Yooya deal ?
Did the Yooya deal collapse because Jim has his fingers in too many pies ???
Are RPG on the verge of signing with a concrete company (and I don't mean blue circle) and Jim has to step down due to a conflict of interest ??? Given the performance of all the pies he has his fingers in, one would certainly not want to employ him as a pie maker.........lol
As has been stated, hopefully it will all become clear after the interims are released, although. Given the large drop after the interim announcement date, I am not expecting good news.
Did you receive a response from Jim or have you too been blanked ?
Should get some answers tomorrow... Hopefully the true facts and timescales. Will I be disappointed against! Probably.
sorru have tried to post link to todays RNS on fast forward (FFWD) stating that mellon has resigned as chairman and director of FFWD but it hasn't worked.only for background info and probably of no significance for regent
RNS FastForward Inn Ltd just by way of general information re mellons overall activities.not suggesting it has any particular significance for regent.
yes bignose odd trading.my version of AAstocks is showing 15 trades all as buys in the last 9 mins of trading.13 are tiny ones of 10000 shares each so perhaps part of larger order .overall volume of 600000 shares is tiny which demonstrates how the price can move on substantial volume.is it possible its an attempt for some reason to raise the s/p before tomorrow?probably not but who knows!
evening bignose .been on grandparent duty till now but find both articles very interesting.one seems to mirror in some ways the yooya /regent proposal.certainly seems to be a lot of activity in this area.i think you will find regent are quoted in both articles and in terms which mirror those quoted in the article re MYMNeutraceuticals which you kindly posted on the 8th august.i completely agree that it is very interesting that regent with no apparent current involvement in this area(?) seems to be the go to source for quotes ahead as you say of other more obvious candidates.whilst acknowledging that we need to be careful before drawing conclusions based on scant evidence,i do think it suggests some sort of link is in the offing which would tie in with the last announcement re yooya and a new chinese opportunity.maybe more on this tomorrow?
Well certainly some jiggery pokery going on in the last 10mins today. Down 3.8% then 13 buys within 6 minutes, then 1 x 30k and 1 x 40k and it ends up 3% and yet still more sells than buys....wtf... ;-)
A couple of Links which may be of interest?
Although Regent is only mentioned in one article, why are they no citing other more reputable companies making the same claim since Regents CEO has a reputation of suffering from OCL (Obsessive Compulsive Lying)......LOL
Could there be any links to Regent given they are supposedly onto some concrete agreement, which, through the lack of any update, appears to now have the consistency of putty.
Thanks, once again, to POM for this information.
Not looking too bad for the next few months then. 2020 actually seems quite close now :)
not exactly a buying frenzy before the interims 50000 shares traded in3 trades.less than £1000 worth.still at least s/p was flat
thanks for the update bignose.hopefully the interims will clarify.
FDA gov website last updated on the 15th August.
19 listed centres recruiting, no none recruiting centres listed.
Estimated Study Completion Date : March 2020 (this is in contrast to what shareholders were advised in the last operational update and what I was advised by email - mind you this date has been there from the beginning, so may not be accurate).
Onwards and upwards.
agree with that bignose.at least its interesting to speculate whilst we await news cheers
I stand corrected and thanks for the link. I just remember at the time a lot was written about this and contact was made with both JG and the HKSX, yet no action appeared to be taken. So there still is a possibility that an ii or two could have some substantial holdings, we just don't know. ;-)
sorry was trying to post this link but it didn't work.i don't suppose the fine was much of a deterrent but it was a criminal conviction.also to answer your second question the volatility could be because the free float is smaller than we think but as you say we just don't know .getting geared up for interims now when hopefully things will be a little clearer re sales etc