Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
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Looks like they will update when the interims are out in a few weeks. I certainly cannot believe the FDA process has been plain sailing. Exactly 5 years from Phase II starts announcement (July 2018) and still no result. Pretty incredible when one considers there were finally less than 100 subjects to process.
Market cap is now at its lowest ever.... 13.2 mill squid. Certainly an eye opener given what they are supposed to have, The DLI is now in negative territory given how much they paid for it and the market cap at the time which was about 16 to 17 mill squid (before they announced the purchase) and half the shares in play (recent consolidation ignored).
Surely we must be due some updates soon, otherwise what are the company doing?
I just want some good news!!!
Of course its irrelevant, but interesting that anyone would want to buy or sell just 1 share !!!
Why is it interesting bignose? seems more irrelevant to me, as usual we wait on news updates and any progress haha
1 share traded so far today at 0.53 ie 5p......lol. Last of the big spenders. Not reading anything into the 1 share transaction since we have seen them before without any consequence. nevertheless, interesting.
Morning The.Italian.
Interesting that someone was willing to accept 0.25 though when others were accepting 0.59 and 0..6 and 0.62.
As to the SPA, only time will tell. Currently the market doesn't think so, but then again RPG/ERP have lost market/shareholder confidence due to past history on dates and all things money making....lol
Morning bignose.all a bit odd.the volume so far is 3,160,000 in old money,so not particularly large.so it certainly suggests that there could be huge movements in the s/p (either way) if we had any real volume. sorry to harp on a bit about the SPA,but im still hopeful of some news next month.
And the reason….50k sell at 0.25(63% off The listed 0.66)….WTF……Why would anyone do that unless they were thinking their investment had increased from the pre consolidation price……whoops.
Well, it seems 02945 is no longer working. The 33% drop on 0575 must have been correct, although it’s now back to a modest 4+% drop……lol. Mind you the 33%drop is still showing. ;-)
I opened my browser on 0575 this morning to see a 33+% drop, market cap of 10mill squid. …. :-O…..OUCH…..
However, when I refreshed, the system jumped to 02945 and it was back flat without any showing and drop whatsoever…….. The system must be female….very fickle….lol
Onwards n sidewards
Old people do that. Get up early and forget…..lol
Sometimes to their advantage…..
Appreciate everything and the latest advice. I will hang on for the puncture repair kit, it does seem a little gung-ho to sell with the possibility of some good news so close... You guys are just so difficult to say goodbye to, besides, AJB don't accept online 'at best' trades in this market and I forgot to get up early this morning ;)
Morning bignose.i suspect someone at erp didn't fully understand the concept of a dual listing!
Seems ERP are now parallel trading with both 0575 and 02945 tickers.
Not that it makes any difference on market cap....lol
bothwell,
i think the reason was because rpg (at the time) had no idea what they were doing. especially after their **** up and amateurism shown regarding can size. since ple were the ones who had obtained the approval for the 20 dose can back in 2013, they had the responsibility of first launch before the sunset date 3 years later in 2016. if you happen to remember. the lock in only happened 3 days before that sunset date (nov 2016) which was because ple had forgotten to agree a can price point with recordati and so had to go with the 20 dose can at the last minute (they could put whatever price they wanted for that as i'm sure it wouldn't impact recordati's own endeavors. i'm sure partly because of this, they were stuck with some small online doctors/pharmacy to make the initial roll out and wanted to leave it all with recordati. there was no way they had the experience or knowhow to take it further and recordati were far too busy sorting out their own list of launches - see below. the result was that the uk was left in the lurch, although i'm sure stocks were changed out for the 12 dose can when they became available, but other than that it was left to its own devices.
recordati's initial responsibility was the e5 followed by a few others as per the nov 2016 announcement...the first batch of fortacin will be on commercial sale, by prescription, in the uk from today. thereafter, regent pacific’s commercial partner recordati s.p.a. is expected to begin sales of fortacin™ in italy, spain, france, germany, portugal (e5), czech republic, slovakia, poland, ireland, romania and greece in 2017.
the uk never even left the starting gate and still hasn't. quite incredible given it was one of the top 3 economies in the eu at the time (portugal and spain were never really players to begin with) so should have been more of a priority, but who knows how the contract was written between rpg/ple and recordati.
the rest is history with the impact of manufacturing problems, which again, rpg should have stepped in years ago to sort out but never did.
lest hope with the otc recordati can pull things together, although at 30k cans/quarter, its going to take a long long time.
if there is anything wrong with the above...tough shti...its all in the past now and depressing to think about......lol
incompetence rules ok........lol
Fortacin should have been sold in UK pharmacy's years ago, not sure the reason this wasn’t pushed more when there was a slight media campaign in the newspapers, ie The Sun, to say how many suffers come have bought the product.
Morning again bignose.i was wondering if you had watched the seminar.i tried earlier today but couldn't get it to work. will try again later. im afraid there doesn't seem to have been any real attempt to market fortacin.we know there are restrictions,particularly in the RX days,but i agree that the recent efforts seem to be non existent.perhps it's a function of the differing perceptions between ED and PE. perhaps the progress in china will help to stimulate some interest in other areas?
Morning all. it would certainly seem to make sense to wait for china news and whilst im also loathe to offer advice to prof, i personally wouldn't be exiting at this point.
Morning The.Italian,
I've just watched the last 30mins of the FUM Investor seminar, particularly where John Connolly is talking about Boots who he stated are now above the NHS wrt sales.
So If that is indeed the case, why haven't Recordati also approached boots for an agreement. It surely would be an ideal complement with Eroxon.
I agree Bignose, been here this long a few more weeks until China news could have a really positive impact.
Prof, yes sorry to see you go after so many years.
Far be it for me to advise but, could it not be prudent to wait till the China submission news (due any week after the end of June)? You could then jump out on a possible spike and be able to buy yourself a puncture repair kit too.... :-)
Or even take a look over at FUM. They seem to have gotten their act together and just received FDA OTC approval for their ED Gel which appears already to be selling well in the UK and Belgium (it has absolutely no side effects). You wont necessarily recoup all your losses, but you could consider jumping in and out and buying a bike with 29"wheels instead of the usual 26". :-)
Anyway, good luck with whatever you decide to do.
Well professor,t otally understand your position and wish you well in your future endeavours whatever they may be and in whatever sphere. i shall stick it out here for a while,just to see what happens.good luck to you!
Well, Bignose, Italian, Alchemy - back to my, once valued at £60k holding (at least Mayvern managed to get out at that price) which, according to AJB was valued at less than £200 last week but, (and I suppose I should be happy) is now worth a little under £2k (after taking my question away for a week and getting back to me today)!
By my reckoning, that is about enough to buy myself a new bike, so I shall be leaving the party soon whilst I can still afford something with two wheels, otherwise I worry that I'll end up with a cheap pair of trainers. I am sure that all the shorters out there will be breathing a huge sigh of relief and that the impact of selling my vast holding will now shake the pathetic board into action. Expect significant rises in the short term, and if you are brave enough to hold into the long term, your name might be the right side of the Forbes top 100.
Me, I've run out of patience and would rather close a straggling account than have the money dwindle away to nothing, after all, it's £2k I'd forgotten about until recently and I don't know about the rest of you, but I quite like the odd £2k windfall!
Keep at it and enjoy the rest of the story, and that it is a happy ending for y'all!
I appear to have posted 2 similar posts. They are not showing on my PLE BB with first not even being posted as I performed a refresh, hence the writing of 2. What to write other than LSE still seems to be a bit temperamental.