Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Certainly agree re the Chinese effort which seems to have stalled. Over 6 months delay with no real reason given as to why they keep missing dates, but then again, it is nothing new with RPG.
They would more than likely just call it "eroxon for women".
What I am interested to know is how it would work on women since their parts can be a much much smaller than mens. And don't women actually need a lot more mental stimulation as well (so they often tell us), hence their need to talk after the event. Men, on the other hand, prefer to roll over and sleep which women seem to joke a lot about. :-)
Surely there would need to be some additional "active" ingredient as I think women's stimulation requirements are a lot more complex and certainly need a lot more than just more blood in the nether regions.?
I don't profess to fully understand the mechanics of women's parts, but for a man is it not the case of just obtaining an erection and a woman can then do what they want with it, even if the guy were to fall asleep after a night out drinking. All that's required is to keep the blood there, hence the old fashioned suction pump and elastic band method.
It seems to me for a woman's product to be viable, a lot more understanding on both physical and mental stimulation will be needed. Meaning it could take a very long time to end up with a viable result. Even after many thousands of years men still don't understand them and probably never will ???
Of course, anyone actually achieving such a product would hit the jackpot (more so than any erectile product), but I just wonder how long it will take. Any longer and men men will have digressed back to apes and women will have evolved in to just being brains in a jar......... LOL
Could you imagine how many people would be arrested today just for thinking that. A few years ago maybe, but certainly not today :-O
Hey darling, wanna see my new 64k banana.....lol
That should have been ‘unrecognised’. Typing on my iPad has always been a pain. The screen constantly refreshes due all the damned adverts. :-( sometimes I’ve even lost whole messages before being able to post. I give up in the end. I’d probably get more posted typing on a banana rather than my apple…..lol
Morning The.Italian,
With respect to the “significant and previously recognised demand”. The only thing I would write about that is. If Recordati didn’t see that, why would they spend so much time patently waiting for PSNW to solve the issue. Then get their own recommended manufacturer to sort it, unless they are really stupid, which, going by the companies progress year on year, would indicate otherwise.
Obviously only time will tell, but they certainly do give the impression that they still have (in the words of Charles Dickens) great expectations. ;-)
Sorry about all the typos, although luckily for me you got the gist of it........ lol
The.Italian,
One could understand that now given the manufacturer is effectively linked to Recordati, being they sourced them and are now in some way linked to them them, but before, however. I certainly agree when it comes to PSNW who were contracted by RPG and who were the ones who developed the first cans. That said RPG had some responsibility to drive the solution with the impurities which they obviously didn't since it took them nigh on 5 years before Genetic stepped in and solved the issue within a year. But this the problem when the company has none with the necessary pharma experience or should I even write business experience.
Anyway, it will be interesting to know how sales are progressing in Europe and how many cans they manage to offload. So far its not looking good at 30k cans every 6 months which certainly doesn't reflect 416k/month, let alone 416k/6 months.
Oh , And I forgot to add.....
Given there is no time limit between phase 2 and 3 could mean that this could go on for months just trying to sort out financing which then obviously impacts when the final approval could be given and when the product could be launched. Like most LTH's, I just hope I am still alive to see it.....lol
I guess its a bit like he tried to give the impression he knew a lot about the cannabis market......lol
NOT.
And he writes as if he has vast experience....."as with any drug". What the fcuk does he actually know ???
The.Italian
Actually I just asked JG about this and how much they would probably take. Also, I questioned; since according to his last response that if and when an agreement was signed, is there a time limit between phase 2 and phase 3. Apparently not, but that's as much as he was willing to write. Also, I surmised that since they were possibly going go down that route, that surely indicated no licensee (and there meant to be a few) was willing to sign an agreement and take the small risk in subbing the phase 3 trials. Again, no answer on that which could mean there is a licensee around, but then why mention the royalty route in the first place? So, I would guess JM/JG probably feel a better agreement could be signed once approval is given (like FUM and Eroxon), although it surely is a risk given no one is that keen now ?
The response regarding the number of cans available, I feel, is very lacking in RPG feeling any responsibility to ensure the best value for shareholders. But it is in keeping with they lack lustre attitude to date. The last sentence says it all (We cannot be bothered - Plethora is not involved in this process as we just collect royalties and milestone payments) . Notice he tried to shift the blame from PRG to Plethora. So its all their fault PLE and Dr Mike are not more hands on !!!
"As with any drug, manufacturing is always the pressure point vis a vis supply, which isn’t necessarily a bad thing and if Genetic produce 5 to 20 million cans per annum that’s a good thing for all stakeholders. And please remember it is up to our licensees to sort out manufacturing and ensure they have sufficient supply to meet their demand. Plethora is not involved in this process as we just collect royalties and milestone payments.
Anyway, it is what it is and hopefully news will be out soon re the Chinese NDA submission, although, once announced, I do expect an SP spike with the usual slow decline over the next 18months, until a can is readily available for joe public to buy. (Again a bit like FUM and Eroxon)
Morning The.Italian,
I would suspect royalty financing is a bit like all those lawyers that offer a service whereby if no win, no fee. seems rather similar to me. Remember the US is full of these sort of used car salesmen types who will do anything for money, probably even perform clinical trials if they think they are onto something. Maybe they left a calling card under JG's or JM's car wiper..... lol. It does sound all rather sleazy though :-)
Regarding the no clinical holds statement, Again I would suspect that the no win, no fee needs some security. ie. They want to be sure there are not going to be any outstanding clinical issues, otherwise its far too risky to take on, which seems obvious enough. Maybe I am misunderstanding your point ?
And note Galloways loan has an interest rate of 8%, so JM will make sure he will never lose out. Its a bit like JG's loan just after the Yooya fiasco. He was given the option to have either taken shares or had the money repaid, both with an accrued 4.75% interest. You will notice he didn't take the shares since it was based on 0.225HK$ and the price had dropped significantly. Instead, he took the money and interest out of the rights issue which then went towards paying for his rights shares. So JG is sitting in a rather nice place.
I think we may start to see more share action and possibly volatility due to the impending Chinese NDA submission which is due any day now. Maybe even an announcement this evening (I'm only speculating on that since we are already a week behind)
So a couple of other points which I have been made aware of in a second response.
Although the Chinese NDA submission has been delayed by 6 months, effectively due to the additional documentation for Manufacturer. It would seem my speculation on them seeking approval for a Chinese manufacturer is completely wrong. In fact the extra time is so they can change to Genetic . An extra 6+ months seems a little extravagant given it surely is just a case of changing out certain documentation. However, maybe the time is needed to translate, review and edit. Of course one would then think. Why the fcuk didn't they do this earlier when the new manufacturer had been found to be able to produce consistent quality cans ???
Well, we all know what the above means. The effective 416k cans produced each month will be split between Recordati, Orient and Wanbang. The point I am making is that although they are supposedly targeting 9mill in China, they already know they would be targeting a lot less. Yet just another totally misleading statement given to shareholders.
The other point which I wanted clarity on was how they were to produce 416k/month given a batch has been stated to be 30k cans. If you remember, I was provided with a breakdown on hours a 50k batch would take PSNW to produce which it turns out was 39.5 days and included: cleaning, filling, quarantining, testing, packing and shipping. The response I received was that Genetic can produce 5mill cans/year = approx 416k cans/month. That's fine but it would mean that 30k can batches are continuous being produces with no mention of upscaling on batch size ? Does it really matter then, how big a batch size is then. I think not....so why all the fuss on batch size ??? Just my musings on this as I like things to add up.
So, it started off...... A case of the invisible "f" :-)
So, it started of and held for the majority of the day at +11.11%, come the late afternoon and close, that was changed to a loss of -4.44. Certainly some antics going on.....lol
What I am curious about is. How does she/he/it/they (that's to cover all sorts) know this ?
The.Italian,
As I mentioned before, one needs to copy all 3 and the company secretary, however. I notice that the last secretary who was announced a couple of years back (Winnie Liu) is not listed in the shareholders communication document but is attainable through : " in writing to the attention of the Chief Executive Officer or the Company Secretary of the Company at" info@regentpac.com.
I assume they are now using this since it would appear Winnie has also left as her email address no longer exists, so the system has informed me. They are then obliged to answer otherwise they are not following their own governance.
https://www.regentpac.com/ICMServlet/download/174-2517-4663/ShareholdersCommunicationPolicy%20(English)%20(final)%20(20240327).pdf
Morning The.Italian,
In case you may have missed it. In the annual financial report Galloway have again made a loan to RPG for 2mill usd, hence their going concern can continue another 3 months. This is exactly what happened and was needed to close out the phase 2 trials. Hopefully they won’t want to pay this back with additional dilution.
They are of the opinion that there will be a significant rerate following the Chinese submission announcement, although I’m not going to hold my breath since the sp dropped following the license agreement announcement. Time will tell regarding this once the submission is made which could be any day/week/month or year now….lol