Member Info for bignose58

If anyone is interested:

http://www.businesskorea.co.kr/news/articleView.html?idxno=33973

Heimdal,

Appreciate your information regarding this and as myself and The.Italian had posted before, there does seem to be some jiggery pokery going on given, as you write, the number of 10, 20 and 30k sells which have slowly and consistently walked the price down, but as the The.Italian has noted. There cannot be many posters here who have access to the order book, myself included. Not that I suppose we couldn't get access via aastocks or some other web entity if we wanted too. Unfortunately, like probably many here, I am not interested in doing so just for this one share which I hold in HK.

Given what you write about ML being pulled up and fined n Korea for such practices, then surely a tap on our managements shoulder is needed. I would do this myself, but not having anything to back it up would make it a pointless exercise.

Bothwell,

If I know anything, I post here since every investor has the right to know whatever information is available. As such I currently don't know any more than anyone else.

As to your speculation on why the SP has dropped (like a stone), I am afraid that although I would embrace anything like that rather than dilution, there are not enough shares willing to be sold at such a low price for them to be bought. Even the brokers who must have been mopping up the shares these last few weeks will def not be selling for less than what they bought at - meaning most larger sells outside of the cover for any buys must surely be more than 0.25, at least. They are only interested in making a profit.

Interestingly at about 15:50 the chart indicates that the SP dropped to 0.165HKD, but since there were no trades, someone must have slipped and fallen on the down "Red" button, promptly got up and pushed the "Green" button to bring it back up to finish at 0.167HKD. I cannot think of any other reason it moved........ 10K shares for the whole day.

I wonder if there will be an announcement this evening (b4 you ask. No other reason other than speculation).... :o)

Sorry about the stutter... digit. (def not Gold digger)

Ahhhhh I C.

From what I remember there was one buy at 0.159HKD (or was that a sell ?)....... I wonder if the price has been dropped so fast to trigger stop losses and/or encourage some of the remaining overseas (UK) LTH's to sell up to fill the boots of the golden diggit.................. which didn't work. Most of those hardened LTH's that are left will either be saying goodbye to their investment or will eventually catch the gravy train....hopefully the latter .... LOL

Afternoon/Morning Heimdal.

Errrr, I am sure like most, no I didn't....... Was there really such a high volume buy yesterday. Are you sure you are not getting confused with another share.... :oO

Golden finger.....cough....... more like pork sausages...........With all the Golden Fingers that were flying around in the past, why didn't they get a golden boot n help vote JG out ?

The.Italian

Huge Volume today (10k and we are up 3%) .......LOL

Bothwell

I am sure you are right about the SP at the end of next year, as long as the FDA approval process goes as we have recently been advised.

So, currently the brokers feel this company is worth nearly the same as it was before the PLE takeover ie about 25 to 30 mill squid.

Sorry, went for a run :-)
The only ones who gain are the brokers since they have no care if shareholders lose or gain (also in this case, JG gains as each month he trundles his wheelbarrow to the bank with his I'll gotten gains no matter what the company is worth). They are now buying most of the shares as people sell out. I no longer believe there are any majors holding shares otherwise something would have been done. They would have at least voted against reelection of JG, which they didn't. All the shares, apart from those held by management are held by pi's and traders. Its also interesting that Dr Mike only has a small holding even though the company and product were his babies. He was awarded an incentive of just over 1.6mill shares in old money (PLE) and as a retainer, but nothing since. Why doesn't he hold a more significant amount ? Just something to think about there. AIMHO ;-) anyway we are where we are because the brokers think there is very little value in what we have. EMA approval, 3 license agreements and soon to enter phase III all worth next to nothing.

Not wanting to throw a spanner in the works, but I am sure it was 40cents a share which is closer the the upper band. And this figure, from what I remember, was verified by POM in an email to JM, however. How such a large value can be placed on a listing god only knows. But as The.Italian has pointed out and I also have posted before, this value will only have value if there was indeed a TO and some accountants are involved. As to whether an SP truly reflects a companies worth is indeed another question. Many a company have been taken private (and I am in no way suggesting it would happen here) because it was felt the market did not give a true value. It all comes down to what someone is willing to pay for a share and the manipulation which brokers add. How does a share drop over 50% before opening when there are no trades ? Its mark down by brokers who think they can put a value on a company. How often do we see a huge drop on opening (and I am referring to other companies)) only for a share to bounce higher. Its a very fickle business driven by sentiment and very little to do with a companies true worth, which is only shown when a company is bought or sold. Its just what anyone is willing to pay or sell at. All in my humble opinion if course ;-)

Probably why it ended up at 0.17 after an icreadibly unbelievable low of 0.159

The problem now is that with the current share price, how many shares are they going to have to issue to aquire anything related with the CBD since it surely won't come out of the loan facility ? Given that the original discussion was at 0.25HKD which we have dropped 35% from (and I am sure they will have to give a further 15%, at least, on the current price and that's only if they do it now and not next week or the week after when the SP could be even lower). Where does that leave the existing shareholders wrt dilution. Could it not end up being huge and quite crippling ?

What a disaster. We are now back at nearly the same Market cap of PLE before the TO and Jamie's salary is now verging on 4% . Seems there is No value in anything only the rented office space, even no value of a place on the HK stock exchange.

So who has bought the millions of shares that have been sold in the last 3 months, they now don't want them unless they are at a giveaway price. In the last 3 months the SP has tanked by 38%. Its got to go up by more than 50% just to get back to 0.25HKD

Onwards and downwards.

Now 3.767%..... I wonder how long before he is paid more than what the company is worth..........LOL

At the current SP (0.172HKD). JG's salary is a whopping 3.72% of the market cap....... WTF

Bothwell,

Don't be too downhearted. I'm sure everyone who is invested here are more than disappointed in the way things have turned out. Unfortunately, like AIM, it would appear the HK market doesn't like continued bad news and companies like ours are severely punished for that.

We have a really good product which currently needs plenty of brand awareness targeted at those that need it. Unfortunately for us they chose the EMA route first rather than the FDA route and as such it has well and truly bitten everyone on the arse. I am sure once we start phase III there will be more interest from the outstanding license regions and further, once we obtain FDA approval and there is good market advertising, this will take off. We just need a little more patience.

If Pfizer had followed the same route and obtained EMA approval first with no direct to consumer marketing, they would have had the same problem. Viagra became what it is today (as well as all the other brands) because of the consumer advertising which brought awareness and through secondary media coverage that accelerated the awareness and eventually product sales. We don't get any of this with EMA approval.

The current SP drop is more than likely due to a combination of the Trump/China syndrome and the fact that, as I stated previously, there is a possibility of dilution, but that's just my take on things. Once we start getting positive news, this will pick up pretty quickly.

Bothwell,
I'm not sure why you need this sort of information from a poster with an Alias ?

He only writes to cause Chaos amongst the nervous.

Why is he still here ? Why does he still post ? Surely if he really thinks there is a problem which is causing him lack if sleep, why bother to post here. He should be writing directly the Dr Mike or JG or even JM. Makes you wonder doesn't it. I suggest you stop feeding his ego.

Hot of the press this morning.

I have had confirmation that following an internal meeting held with the technical staff on Friday, it would appear the Gov website is indeed wrong and steps will be taken to rectify the end of study date shown.

Every snippet of positivity helps, not that the HK market would know that. The drop in SP this morning is, I feel, unwarranted since its quite obvious to me that details of the results were leaked several days ago hence the unnecessary 13%+ drop which occurred at the time.

Onwards, sidewards and hopefully upwards.....LOL