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Surely can’t go any lower. This is painful. Still no responses to my emails.
yes keithbfk.very difficult to remain positive but i am still hopeful that one or more of the awaited developments will give the s/p a much needed boost (especially FDA progress).to misquote bignose onward and hopefully upward.
The.Italian, totally agree with your comments regarding Bignose's detailed analysis. I think positivity is important but it is difficult with such a dismal last there/four years. The company promised a great deal and failed to deliver. The present SP tells a tale.
morning bignose.no disrespect intended to heimdal whose contributions from a local perspective we all value,but i have to say i agree entirely with your splendid and detailed analysis and descriptions of recent developments et. will be very interested to see heimdals comments.
Whoops, not Yooya purchase, but Yooya probable purchase announcement.. ;-)
Although there are a few, like myself, who are showing their frustrations, we just have to find a little more patience since I am sure things will begin to make some progress, as you state, towards the end of this and beginning of next year. This, however, will be not through the efforts an incompetent management, but rather through the hard work of those working on the progressing of already in place scheduled events.
Only time will tell.
Since you appear to have your ear to the ground in HK, maybe you can provide some explanation as to why the SP dropped from 0.25 to 0.13 (-48%) in less than 2 weeks. Some news surely must have spooked an already untrusting market since it surely cannot be due to the CBD announcements. There was no real increase in SP following the Yooya purchase, so it was never priced in for the % drop following. Why hasn't management addressed this sudden and it would appear for no reason drop?
Have good Sunday... ;-)
Whoops, I forgot about the later announcement cancelling the agreement. As such the figure is revised to 6.45milll USD as you stated.
Although I do admire your positivity and no disrespect meant, but the company is no longer the company it was and as such past history is irrelevant. Whereas it was only dealing in investments in mineral producing mining stocks, it is now a pharma and has a product to be sold by way of licensing agreements. Two totally different things. Not one of the existing BOD (including the CEO) has any knowledge of pharma or sales and as such are no better at giving advice than anyone else. They really need to remove the web statement about returning value to investors since they have done absolutely nothing like that since the pharma inception about 5 years ago. Not only that, but the company (and remember its a combination of two merged companies now) is now trading at an all time disastrous low. Particularly since the value of PLE and RPG before the merger was announced were about 25mill squid a piece.
Although as far as I am aware JGs shares were given to him, he would get far more respect from shareholders and the market right now if he was seen to purchase shares via the open market. I think the only person who has real skin in the game as such is JM and as mentioned before, its just pocket money to him which he can afford just from his own portfolio interest and then a few times over. What is more interesting is a CEO getting a 1.5mill USD salary for doing what exactly ? Maybe he should do the right thing and take a pay cut. He hasn't really given shareholder value, but quite the opposite.
Yes, we are aware of what lies ahead which is indeed positive, however. its no good if the management controlling the ship is lackluster, which is patently obvious from their handling of things in the past, particularly the way they have not been transparent to the market. The CBD ref is also positive, but given the fact they have not followed up on the "something more concrete", but were quite willing to go to print on an unagreed possible acquisition is certainly sending the wrong signals to an already untrusting market.
Given the current disastrous level of SP any future purchase will certainly be taking more of the company from PI's and returning it to management. I'm sure there are many PI's who would probably only manage to see their initial investment back even if the SP were to multi-bag.
You state that a VXR holding sale would cover the ATO debt, yet you don't mention how they would do this given the number of shares that would be sold. Surely if they started to off load, the VXR share price would collapse, unless you know of a buyer standing in the wings - come on spill the beans ;-).
Regent Pacific is not a newco, but trading on the HKSE for 22 years and has distributed almost US$300m to holders since its IPO. Not a bad track record. Management have significant skin in the game. Jim has promised to keep the lights on for now and FDA approval getting closer and closer by the day. No need for major concern IMHO. ATO tax claim can be settled almost entirely from our VXR holding, not a major issue . Strong news flow during the next 3 months will generate upward share price momentum. Moreover, Regent Pacific already flagged their intentions to make a move on the exciting hemp CBD infused products in China on JUL 18 and again on AUG 23, as such I expect the company to follow through and secure a major game changing CBD deal in the short-medium term. Clear vision, hard work and full @#$%^&* throttle forward!
bignose i certainly don't want to rain on your parade and i hope I'm wrong but my understanding of the 23rd aug announcement was that we were only getting loans of $6.35 m net,as abony and others were not going ahead.i looked at it as just about enough to keep the lights on and pay the aussie tax which was extended to 31st aug.i hope I'm wrong and happy to be corrected if so.no formal confirmation that aussie tax has been paid but i am assuming it has as a further postponement should have been formally announced.as to a lowball offer i agree that the agreement of mellon etc would be required but my concern would be that they might just think it was the only way to get out of this mess.i suppose at the end of the day it all comes down to the view they take of the ultimate prospects for fortacin if it gets FDA approval etc and china licensing.if they are convinced its really going to be a success then they will hold out, but if not?time will tell
They have still agreed to lend 17.5mill usd, which should get the company through at least 3 years and I would suspect they will slowly offload the Venturex investment over this period too, if not already done so. Plus the 4 mill sometime next year. So I don’t expect the company to be short of money, however. As to the SP, is anyone’s guess.
Although there could be a Low ball offer, it will never get past the starting gate if JM, JG and their henchmen don’t agree. Correct me if I’m wrong but don’t they need 75%. Shareholder approval . If yes, there is no way they would ever get that many votes as I’m sure JM and his monkeys would not sell for peanuts.. :-)
bignose i agree that next year is going to be critical.either things turn round or they don't.will be staying to find out.yes its more financial engineering really.jamie gets paid either way and gets a good rate of interest in the meantime.serious need for external investors imo.oh well you never know whats around the corner and we weren't expecting the yooya promosal so something completely unexpected could happen.fingers crossed as ever!
Given the timeline JM and JG set themselves for the loan (3 years), I think they are probably erring on the pessimistic side. Hopefully next year will have things turning around.
Mind you, JG probably wont care about losing the money since he will have been paid another 4.5mill USD by then. Very ironic though. He is paid a huge salary from the proceeds of our license agreements. He then loans the money back to the company and earns interest and then that same money is used to pay his salary....... again....... All sound a bit illegal doesn't it........LOL
bothwell very sorry to hear this debacle has had such an impact on you.do hope things improve.
Keep ya chin up. Just a few more months and I am sure things will start to look more positive. We just need to get past the phase II at the end of the year and we should then also know how the Chinese submission fares. Hopefully you don't need your pension for another year or two when it will be worth the wait.
thats the problem bignose .hardly any income,ongoing expenses and phase 111 costs come.not good scenario I'm afraid.$4m will help a bit when/if we get it but not a lot.beggining to think like you that a low ball offer by someone with deeper pockets may be the only way out.hope not.
It’s like the Hustle on BBC1. We have been done. Not a nice way to lose a 1/3 of my pension.
And remember, they cannot even consider doing any of this without some form of income, less expenses and huge well earnt salaries.......
They forgot to add "In about 10 years time, give or take 10 years"..........LOL
you couldn't make it up bothwell!
On Company web page under “Vision” I don’t think they have read it for a while.
To be Hong Kong’s leading healthcare and life sciences investment enterprise.
Regent Pacific is a dynamic investor focused on growing long term-value and delivering superior returns to stakeholders.
Its aim is to build a portfolio of late-stage healthcare and life sciences-related investments and commercialise them through ‘out-licensing’ to other strategic pharmaceutical partners. With this approach, Regent Pacific seeks to deliver significant dividends to shareholders from royalty receipts, and/or selling to large pharmaceutical companies.
Through prudent investment management, the company strives to distribute surplus cash to its shareholders by way of an effective dividend policy and/or share repurchase programme.
Bothwell, rather cruel to remind us LTHs about the share price from 2016. If only I had sold then.............
So only another 3 to 4 months to go......... keep the faith ;-)
The.Italian, No problem. one has to have a sense of humour with anything associated with this share,,,,,and generally investment as a whole...lol.
Bothwell, only tomorrow left.....I think the "Heimdal bounce" (a good title for an 80's song n dance) was the slight "fart" we witnessed early on today. I'm afraid the only things that may give this a kick up the pants is the commencement of phase III, the Chinese agree to no further testing and/or if Recordati can advertise.......LOL
Heimdal reckons there will be a hard bounce. Hope it is really hard!!!