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Thanks for that Heimdal.
Hope things are ok for you in HK with the current situation ?
I don't think anyone is freaking out, as you put it. We just have a concern that in JG's tenure as CEO of the joint company, we have witnessed its market cap dropping 90%, which surely is a concern in anybody's book ?
Although I am sure you are right with respect to Jim keeping the lights on, one also has to remember his recent exploits with other companies which have left pi's with empty pockets. I am referring to LIFE and PEBI, not forgetting the DBC. His + 31% holding is not that significant for him as its just a mosquito bite on his vast fortune (about 900mill GBP last time I looked), so one needs to keep a little bit of perspective as to ones hobbies and those that actually invest. JG's salary is now running at 8% of the current market Cap (it was nearly 10% a couple of days ago). If JM was that good a business man, he would do something about this fact. Just think; If JG had only been paid half of his current salary, which would still be too much, the company would have had 4.5mill USD in the bank. Instead JG gets to loan the company nearly that at approx. 12% interest (compounded over 3 years, but taken up front). That's of course if the company ever gets back to 0.215HK being the placing price.
As to the HK listing value, which I understand from JM as being about 40mill USD; I am sure no one cares about that valuation till a company is sold (otherwise we would never be lower than that). The final agreed price will probably just be adjusted to absorb it.
The Yooya deal may have come out of left field, but what happened to the "more concrete" one down the middle? Nothing more about that, yet more importance was put on it when included in the announcement, otherwise why use the term concrete ? It was included just to try and deflect, nothing more than utter lies otherwise the company would have been far more upfront with the information as to who it was and what happened........no ?
All my own opinion of course. And as usual. I am still supportive of the product, but have nothing but contempt for the amateur's who are running the company (Phase II end of march 2020, then end of 2019, now Q4 2020..... if that ever happens and that's after an "unambiguous FDA agreement on a way forward in March 2014").
Thanks for that Heimdal.
Hope things are ok for you in HK with the current situation ?
I don't think anyone is freaking out, as you put it. We just have a concern that in JG's tenure as CEO of the joint company, we have witnessed its market cap dropping 90%, which surely is a concern in anybody's book ?
Although I am sure you are right with respect to Jim keeping the lights on, one also has to remember his recent exploits with other companies which have left pi's with empty pockets. I am referring to LIFE and PEBI, not forgetting the DBC. His + 31% holding is not that significant for him as its just a mosquito bite on his vast fortune (about 900mill GBP last time I looked), so one needs to keep a little bit of perspective as to ones hobbies and those that actually invest. JG's salary is now running at 8% of the current market Cap (it was nearly 10% a couple of days ago). If JM was that good a business man, he would do something about this fact. Just think; If JG had only been paid half of his current salary, which would still be too much, the company would have had 4.5mill USD in the bank. Instead JG gets to loan the company nearly that at approx. 12% interest (compounded over 3 years, but taken up front). That's of course if the company ever gets back to 0.215HK being the placing price.
As to the HK listing value, which I understand from JM as being about 40mill USD; I am sure no one cares about that valuation till a company is sold (otherwise we would never be lower than that). The final agreed price will probably just be adjusted to absorb it.
The Yooya deal may have come out of left field, but what happened to the "more concrete" one down the middle? Nothing more about that, yet more importance was put on it when included in the announcement, otherwise why use the term concrete ? It was included just to try and deflect, nothing more than utter lies otherwise the company would have been far more upfront with the information as to who it was and what happened........no ?
All my own opinion of course. And as usual. I am still supportive of the product, but have nothing but contempt for the amateur's who are running the company (Phase II end of march 2020, then end of 2019, now Q4 2020..... if that ever happens and that's after an "unambiguous FDA agreement on a way forward in March 2014").
575 oversold (on low volume) - simply bouncing back now. MCap only HK$150m at the moment whereas the listing status of a HKEX Main Board company could be worth as much as HK$600m.. No need to freak out, 30 year trading history on the HKSE! Jim will keep the lights on - significant skin in the game with his +31% holding. Moreover, our Chairman remains tremendously excited about the future prospects - so hang in there! The proposed Yooya deal came out of left field... HEIMDAL
well thats what i thought when i first read it and in light of the FFWD comments and that is certainly how it was intended to read,but having looked at it subsequently through the prism of regents s/p decline i was just wondering.probably wrong and anyway only of academic interest.
It helps for sure.
Cheers guys.
The Italian,
I thought the valuation issue was on our side (making a low offer) given the announcement made by FFWD about taking a hit?
no afraid not.glad you got in though.ease some of the disappointment here i hope
Unf not, but I see they are up about 17 times since Jan. Still, you have done quite well in the short time you have been in. ;-)
# here
Very odd indeed.
Anyone herd get into Novacyt ?
Company with one of the best 2 hour Covid-19 test kits.
I got in over a month ago at £1.29.
Im Happy now.
Probably, but there also was no mention of the other more concrete alternative....... just BS
well if so i hope he buys great many more.just on value i did wonder if the vague statement in the update about not going ahead with the yooya business because of concerns over valuation issues (my wording as haven't checked back for precise phrase) which was i suppose intended to convey concern over price of yooya wasn't just a clever way of hiding concerns over value of regent shares.ie they pulled it because regent shares just weren't worth it.
I would not be surprised if JM hasn't got one of his minions to purchase on his behalf (nudge, nudge, wink, wink) a few shares just to lift it ???
yes bignose.typical after appalling (is that too strong a word? no) results what happens? the s/p goes up.it was down earlier today so i was surprised to see it close up but volumes still very low. cannot see any reason for it but I'm not sure the volumes indicate any concerted P&D and we are seeing extraordinary price movements in all markets on a daily basis. happy to see it continue of course (only need another 800% or so lol) but not holding my breath
Are we seeing a small P & D as I cannot see why investors would want to invest now given the really bad results announcement and its return to high risk ??? Thoughts ....anyone......anyone...... mmm they all must have gotten out the pool ..LOL