Member Info for bignose58

For the subscription,

Can anyone tell me what other investments they have in the healthcare, wellness and life sciences areas since they state "currently holding various corporate and strategic investments focusing on the healthcare, wellness and life sciences"

Didn't they state for the last subscription that some of the monies raised would be used for investment.....yet they have never announced any new investments apart from selling the DBC at 95% loss.......

Ran out of space at the end....

Are they starting to lose interest in Fortacin ?

That should have been "when the additional 1.1875 bill shares (3,025bill total) hit the market.

I was certainly surprised when I woke this morning and read all the posts then downloaded the 2 announcements.

Although shareholders may not have funded it and been given the opportunity to participate in the cash call, the total effect will dilute us all by approx. 40% (39.25%) when the 3.025billion shares hit the market, if it all goes ahead....... And Jamie still receives his 1.5mill/year salary. (the 1HK dollar at Christmas will effectively be worth 0.6HKD in todays money)

Based on what has gone on previously and I really do hope I am proved wrong, the rise is only due to traders jumping in and out hoping for a quick buck as has been the case since the UK launch announcement. Give it a few weeks and I am sure the SP will have drifted down again. This time, however, it could drop much further than the 0.2125 offer SP. That's also if HK attribute no value to the purchase as they did the European launches and recent Asian license agreements...Wind of all this I expect and the announcement date was incorrectly discussed ?. Remember last week the sp rose 10% in a day for no apparent reason. My guess is that there was a mistimed leak.

What I don't understand it why the funding was not sorted earlier when the SP was 25% higher. Even we who have no involvement in the day to day running of the company knew a cash injection was needed. Was the drop to 0.25 deliberate (Who knows what goes on behind the scenes) to effectively provide Yooya and Jim et al with more shares ? Sorry but after all that's gone on, I wouldn't trust them as far as I could throw them at the moment. Your average Jo shareholder has yet to see any return on their investment whilst JM uses pocket money to increase his holding and JG will probably be given his by way of a reduced salary for this year.

After our investment in the DBC, I often visited the FWD board and have followed the discussions on Yooya, which from what I gather was considered worth more than what we paid for it. There was often talk of a Yooya IPO filling FWD's coffers. So why so cheap and if its that good why wasn't the company bought for more by one of the bigger boys ?

Although there must be more to this ie the talk about cannabis etc which I don't yet follow. As far as I can see Yooya is only a BtoB and BtoC website and don't actually own anything. Anyone have any idea if they made any money last year ? http://www.yooya.com/

The one good thing that appears to have come out of this is by putting Lorne Abony who seems to be much more qualified than JG with several prosperous companies under his belt. https://en.wikipedia.org/wiki/Lorne_Abony

This will only be good if we start seeing an income since so far LTH's have seen diddly squat, only dilution.

What has happened to the HK launch ? Wasn't JG meant to have received the launch plan from Orient before the end of May ???

So many things going through the mind as to will this turn the company round ? And are they starting to lose interest

Extra Extra, Read all about it..............

An announcement regarding this the Tax payment.

Apparently the ATO had to agree to the sale of the shares...... Now this has been granted and because of the time taken in obtaining the agreement, the deadline date has been pushed out to 1st August.

http://www.regentpac.com/ICMServlet/download/13-2251-3666/EAnnt-SettlementwithATOExtension(27May2019).pdf

But still no further information on where the difference is going to come from or anything on future financing.

16th June.
They surely must have run out of money by now. So what are they currently living on ?
And no announcement on sales of the remaining mining investments. What's going on ?
Hopefully a deal is being made to sell plethora ?
Only 2 weeks to see the outcome of the vote on JG and his extremely vulgar salary. Although, I am not expecting a win, I am hopeful of at least some reaction to it. But then it does depend on the number of votes cast against.... ;-)

The.Italian. Dougle, you ate both right and that's why JG has to go. For misleading shareholders and taking a salary CEO's of company's 10 times bigger would he proud of.

I hope as many investors got their proxy AGAINST votes in which may help to bring this to the attention of those that matter. :-)

bunion,

I wouldn't bother. He obviously is bored stiff (LOL) over there. Its like watching paint dry. Obviously not such a professional person as he likes to make out if can come over here to take shots. Its very immature of him.

Ohhh That's right Bonum you sold out 5 or 6 years ago cos the fundamentals were not looking good. You then ploughed all your money into TLDH (now MMX)....What was it 3 lots at 16, 17 and 18p about 60 Grands worth from what I remember.....Look where you are now 5.8p and the company is still struggling and with just as many disgruntled investors. They are even buying up an adult entertainment business to try and turn it around.......What a laugh.

At least the adult investors here don't wander over there and rub your face in what a disaster that is.

You have just as much luck recouping your money as the investors here, so wander back to your playpen there's a good boy.

The.Italian

Yes, not much volume and no substantial buys, so. As Ecovido and yourself write....possible news for one or the other.

And nice to see Ollieh is still lurking.... ;-)

Not wanting to throw too much water on a burning fire, which is nice to see and appreviated after such a decline, but could there be some link to the possible cash call and the need to lift the SP ?

Either that or JG has agreed to take a welcome 75% reduction in salary ?

:-)

That's centre not canter, although it does look like they are galloping along handsomely..........LOL

So, if anyone is interested.......

Further to my post on the above subject on 26th April, the gov website was updated again on the 10th May.

https://clinicaltrials.gov/ct2/show/NCT03578783

Another centre has been added. Apparently they have a few more centres up their sleeves if the full quota cannot be met by those already listed.

One new canter has been added:
United States, Pennsylvania, Midlantic Urology ====> Not yet recruiting

pp

All so true and with 19% knocked off in the event of a possible placing which would reduce us to 0.1863 and an additional 200mill shares to boot (assuming they go for 4.75mill USD).

All speculation on my part, but really does look like it could be a reality.

pxsmaaaad,

Investors are selling and the price dropping because of the soon to be announced cash call - The company must be running on fumes now. Last time a preferential price of 19% below the then current SP was announced and offered to JM's mates. That means we can expect a drop to about 0.22 or 0.2 depending on what price is chosen and agreed. Then there is the added dilution effects of about 10 to 15% to consider, which is based on the previous amount raised. Mind you I don't suppose anyone will want to take up the shares immediately until the price has stabalised. and remember JG himself will be taking 1.5mill usd of whatever is raised.

Regarding launch dates, see bunions post on 30th Apr. Apparently JG stated he was expecting Orients launch plan before the end of the May, although given previously correspondence/announcements, sceduled launch dates have never been kept to.

Then there is the possible launch in Romania and Greece later in the year if Recordati don't again renege on the new dates too.

We are still expecting the possible 4mill USD payment from Fosun towards the end of 2019 but that's only if they can all get their acts together and submit the paperwork, which we know, again based on past history could contain errors........

However, given that JM was "Disappointed that profitability could not be achieved for 2018, which was due to the investment and resources allocated to the commercial launch of Fortacin in certain countries in the European Union earlier in the year coupled with the large amortisation cost of US$28.05 million", means he will be expecting at least the same this year....... Has anyone told him that RPG only received, what was it, 200k USD from product sales last year? Certainly appears he has his head way up in the clouds........LOL

Sorry to be negative, but that's the way things are at the moment.

Hi prof. Mine was sent today.... ;-)

Not forgetting the 93% loss on the DBC investment over a period of 3 to 4 years !!!

The website is obviously referring to a totally differently led company !!!

Investment company based in Hong Kong that specialises in growth and value-led investments
in the healthcare and late-stage life sciences spaces.

Commits to create shareholder value through strategic acquisitions.

To be Hong Kong’s leading healthcare and life sciences investment enterprise

Errrr not with investments like this. Recommended by the so called BOD professionals.... yikes :-O

As at todays SP low and current exchange rate Gibsons salary is nigh on 2.7% of the companies Market Cap and getting higher every day and will be even more so when the cash call dilution effects eventually hit.

Get those forms of proxy to vote against re-electing JG as CEO delivered asap..........You know it makes sense........ LOL

bunion
I wdnt pay attention to the occasional posters narcistic views. Each time you mention his posts in any form, it feeds his desire for attention and appears to cause you stress, which is his intention and which, at ur age, you can do without. Best not to read and filter. Nuff said.

Regarding Recordati PR, i am not sure there is much they can do if they have to stay within certain EU guidelines. All I can suggest is you email them directly and ask the question. Although RPG have stated they are working closely with Recordati, its quite obvious they are not and from their responses vs action appear to "don't really give a fcuk". They have the license agreement in place and are leaving it all up to the licensee. It now depends on how serous Recordati are about the product.

With ref to your post on the 15th March where you wrote:

"I don’t think his salary is as big as you think and he hasn’t been taking any for a while", which clearly seems to be a response by JM to your email question on JGs salary.

Given that the Financial report clearly shows that JG is indeed still getting paid and at the same level definitely indicates that JM has no idea what his company is doing and who is being paid what. Also with ref to the preamble he made to the report, anyone would think he was referring to a different company when making the statement:

"Disappointing that profitability could not be achieved for 2018, this was due to the investment and resources allocated to the commercial launch of Fortacin in certain countries in the Europen Union earlier in the year coupled with the large amortisation cost of US$28.05 million".

I don't think anyone was expecting to even come close to break-even, let alone a profit. Notice there was no mention in the statement of the "disappointing sales"........ :-O

Do they really have the best interests of the shareholders ? Certainly makes one wonder doesn't it.

Sorry bunion for still being negative, but until there is some positive news which actually does indicate true shareholder value, I will still have my reservations on OUR employees ability to produce results in a professional manner.

Now to compose an email to our main employee asking why there is nothing in the report regarding the needed cash for the next 12 months.... LOL