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I think the master investment gurus pretend Regent Pacific does not exist at these events as performance could damage the street cred
Bothwell, thank you for this piece of entertainment.
According to Wilde, "“Sarcasm is the lowest form of wit, but the highest form of intelligence”, and your effort did produce a hearty belly laugh.
Have a "recommend"!
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Of course, I have not included for the 5mill usd milestone payment from Wanbang and an additional 2mill usd on the first sales (all excl. PRC witholding tax). Both which should be payable before the end of 2024. The problem is; is it enough and will it be in time. Even if JM kindly loans enough to keep the company going till payment is received, what about the phase iii costs ??? Given the current lowly market cap, surely there isn't enough to do anything with, if a placing is considered.
Communication horrendous . Performance horrendous. Salaries horrendous. Announcement content horrendous.
Morning bignose, can't disagree with any of that. dire s/p movement over last few days. no news from DLI (tweets or anything).woeful performance.doubt there is any way back now.
Morning chaps,
So a couple of days share activity which has so far driven the sp down 18% and I expect will further decrease as we close in on the expected profit warning. I think I am right in writing that the current market cap of around 10.5mill GBP is the lowest it has been since pre PLE takeover days and could be the lowest even long before that ? Certainly a lowly figure given what the company is supposed to have and with several licenses in place.
I think I may have given the BOD, CEO and chairman far too much credit calling them monkeys and clowns. I'm now moving on to parasites given how much money the company has eaten into with nothing to show for it. I certainly have no idea how the company can continue in its current state, especially since the China approval is not expected till Nov/Dec this year and then surely another 6months to a year to see any income stream from sales.
The company and its employees are either considered as a laughing stock for throwing away something which should have been blockbuster along time ago or they are considered as shrewd business characters for shafting so many shareholders for so long - it could go either way. :-)
I do wonder now if all is lost given there surely doesn't appear to be any way out of the mess they have created, even the DLI, which could have been their only other income stream, appears to not be going anywhere (certainly no third party appears to be signing up for a longevity license) ???
I now wait in anticipation of the said profit warning and an update of how long the company has left.
Have to disagree with you there, Dougie. I think the majority of discussions have been pretty damn short, and on the wild premise that there's actually been any recent BD activity, becoming a deal shorter:
"Intellectual property, market exclusivity"?- "Uh, none"
"Reliable 3rd party manufacture, with security of supply"?- "Uh, no..."
"Planning in place for the HFA phasedown"?- "Eh, what's that?"
"Potential supported by historical sales"?- "Sheepish look..."
"Post approval study data or other marketing collateral?"- "Looks out of window..."
"FDA acceptable co-primary endpoint defined and validated"?- "Mumble, mumble..."
Ironically, all over in a minute...
Now the last fundraiser is well out of the way, they are now moving on to the next one.
I expect the Chinese submission has been made (there is no reason for it not to). The FDA process, however, is anyones guess since the amateur’s have messed it up from day one.
Problem dougie, is the with mellon and co owning just under 60%, they really don't have to do anything more than comply with minimal market reporting (annual and half yearly and profit warnings etc).the other 40% must be pretty much entirely PIs, with no focus or power. of course, the real reason for the silence is probably simply that everything is going badly,so just keep quiet about it.if there were any positive news i see no reason not to report it, now that the last fundraise is well out of the way. anyway,they can't avoid the next results date.
Unbelievable really. Total lack of regard for the shareholder. Hidden away , releasing one enthusiastic announcement a year saying things like '' discussions taking place with licensee's'' bla bla , Well these have been some seriously long discussions.
The company should be doing webinars/ online forum where they can update shareholders and open the floor for questioning. You would think the share price performance would have forced the company into action to try and stimulate a reaction but obviously not.
Au contraire, Keithbfk.
While there's nothing more refreshing than a deep draught of schadenfreude, any pleasure is solely down to the smug satisfaction of seeing my predictions hold firm. Not that it requires Holmesian powers of deduction to twig Recordati's indifference to Fortacin; that the American dream, always the remotest of possibilities, has been completely scuppered by "strongly positive" (= truly appalling) Ph II results, and that NMPA submission is impacted by an extraordinary history of CMC issues, but let's not dismiss the possibility of iffy study data.
What might 2024 hold for RPG, besides the inevitable going concern warning? Pushing my neck out, let's go with an end to the pretence that there's any meaningful dialogue still to be had with the FDA, a re-tabling of the China timeline, with the definite prospect of Fosun shelving launch as the company restructures and focuses on more lucrative opportunities than offered by a run of the mill knob spray. That said, Zezheng Biotech now has two bioequivalence studies of its Fortacin generic underway, although it's hard to envisage a shoal of little fishes chasing what is a very modest market, even by Chinese standards.
On the bright side, no need to worry about RPG having to raise cash to cover a Phase III study or a continuing regulatory consultancy bill, so only a few measly millions needed to cover salaries.
Blimey! 1.5 million and my investment languishes 92% down. Alq must be particularly chipper at the state of affairs!
Dougie
As far as I remember JG was on 1.5mill USD, although he did supposedly take a 30% cut during covid which is now back in place. The 1.5 mill USD, from what I remember, was based on a calc made by POM, who is an accountant, and was based on one of the earlier year end results or annual reports. Although not explicitly given he was able to deduce that amount based on what figures were available. He also emailed JM and mentioned the figure which JM didn't deny, giving some support to the amount calculated.
The remaining salaries at the time were pocket change in comparison. Not sure how much the DLI execs are paid but they surely must surely be more than the average monkey gets in peanuts.
Morning bignose and dougie. can't disagree with any of that and what a depressing read it makes.not expecting nay news necessarily now before results at end of march.at least they will have to say something at that point.fear is it won't be good news!can't see really how they can avoid some further fundraise shortly.
What sort of salaries are getting taken from the company in relation to market cap and progress?
Look at Deep Longevity Website, https://www.deeplongevity.com/team. - A lot of mention of Regent Pacific yet we don't hear a peep about how that is developing or if it has secured some deals of sort?
In relation to main asset Fortacin we do not have any clue what's going on. No consideration for shareholders whose values have been evaporated. Really disappointing, been 10 long years of disappointments when you look at the facts.
Morning The.Italian,
Imp afraid I never expected much from the DLI. They already lost nigh on 3mil on the DBC over 3 years and although the DLI is apart of RPG, they have still effectively lost the 3.79mil usd just by comparing the current market cap with that when the DLI take over was announced. This effectively goes to show they have no idea about investing in any pharma related product (incl longevity). As you quite rightly state the DLI was nothing more than a frivolous and expensive exercise in share dilution.
Anyway, regarding news..... It would seem the profit warning is usually given around the 15th Feb, so still 4 weeks to go. What is interesting is that back in 2021 they did give out a couple of operational updates in Jan 2021 and even included an operational update with that years profit warning, however. Given that JM/JG and the hangers on own 60% of the company, I wouldn't be surprised if they didn't consider it now as their company and PI's and now just an inconvenience.
There is certainly a good amount of news that should have been announced long before now., which I should think the A team are already aware of.
Come March, the FDA process would have been going on for 10 years.....very sad indeed for a so called blockbuster product, although its now become a ballbuster product.....lol and for added insult, JGs salary is approx. 10% of the current market cap.
I notice the DVP has been taking a real beating these last few weeks, dropping nearly 30% from the recent highs.
But even with any news (unless a US licensee has been agreed and who would be picking up the phase 3 trial costs plus at least providing a cash injection of at least 4mill usd, which I very much doubt) I'm not looking forward to yet another cash call which would need to be more than 50% of the current market cap to pay for operating costs pus phase iii trials. It was only a years ago since the last one which was nigh on 50%
As another day of radio silence passes, i'm conscious that this lack of news extends also to DLI. now i understand that DLI is probably regarded at best as a frivolous and expensive exercise in share dilution and, at worst, as a money pit sucking what little resources Regent may have into its gaping maw, i was until a few months ago, at least comforted by the fairly frequent news flow about partnerships, app development etc.t hey may have had little or no real substance, but at least they gave the appearance of some activity in an otherwise lifeless body. however,nothing now for months, not even anything on twitter. very, very worrying.
Afraid not dougie.
Did anyone ever get a reply regarding if we will get an update of some sort soon?
And less than 2 mins before the closing bell.
Yup, as expected, shady deals ;-O
Morning bignose. not sure if my earlier post has ben deleted(there was nothing in it to warrant such action) or whether i simply pressed the wrong button and failed to post it (old age is a bugger).anyway,agree it is all very odd. let us hope for some clarification soon.
Well that certainly is mind boggling...
Yesterday. 1 x 10k lot sold and it drops nearly 5%. The day before, a 1 lot sell lifts it nearly 6%. Today 1 lot sold and it jumps over 18%. Since there would appear to be no associated buys, can it be concluded that the MMs were doing the buying (they may have even been doing the selling). Although free shares at at a minimum given the minuscule volumes, I wouldn't expect such a huge jump on 1 lot.
Of course it does pose the question. What the fcuk is going on (something positive maybe which shareholders are in the dark about ???) or is it just a rise before a placing ..... lol
It appears to be a purely housekeeping announcement . What we really have got as our 2023 Xmas present is silence and share price evaporation! Goes against previous announcements where we were told we should have some outcomes by now, yet no updates on that have been forthcoming .