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Afternoon bignose.agree with that.i haven't bothered to calculate the value of a 10k trade but it is less than £1000 think.these anomalous rises and falls on derisory volume don't mean anything imo.still t least it was a rise.
Morning The.Italian.
Not just less than 1000, but half. It will probably drop by the same % today.
Has anyone ever asked anyone at the company about the prospect of doing an interactive meeting where we could actually query what is going on? Never see or hear from the management apart from the announcements once or twice a year. For hefty salaries you would think it would be a legitimate request from shareholders
And today it dropped by over 18% and in fact the buy was at 0.4 so 21.57% drop on only 30k shares !!! One would think whoever sold would want 0.51. So, as mentioned before MM funny business.
As I said a year or so ago, I have a feeling that 2025 is the year we will see the approval in the US complete and possibly a China at the beginning of 2025. Jim Mellon isn’t investing his millions in here to keep Jamie living he could just move him to another of his companies.
I love the optimism even though it is, yet again, a significant distance way. At 90% underwater on this particular ‘money fountain’ I will be truly delighted if your optimistic prophecy materialises.
I would love to retain your optimism bothwell but mine is long gone! It’s damage limitation at this point and I’m just hoping we can pull something back respectable . How can faith in this team still be here with what has gone on so far ?
Bothwell,
I cannot help feel that the FDA process will take much longer than 2025. Firstly, according to the 2019 presentation, the FDA wants 172 subjects and given how long it has taken just to sort out 87 for phase 2, it could take 3 years before the NDA is submitted. Then there is the issue with manufacturer, which has not even been discussed and of course the pre launch marketing and distribution logistics. (Would they really only want to launch in one state ?).
With China it could be another 2 years before any income stream is seen since they have stated they intend to target 9mill subjects. That is going to require a production line which can produce at lease 300k cans/month and that's if they only intend to target 3.6mill sufferers.
Anyway, I did email the company and had a response a day later (As i wrote it pays to copy the big 3 -Jim/Jamie/Mike plus company secretary since they are then obliged to answer. as long as its not abusive which in my case needed a lot of restraint....lol).
Anyway, I'll post the response which does make for some interesting reading regarding finance requirements, although I have asked for further clarifications. It certainly reads as positive for Europe although I am still skeptical since we have heard it all before regarding timelines and what their future plans are.