Member Info for bignose58

Strange that every time I post something of question, there is a run on the share ..... LOL.

So this begs the question as to what are Plethora employees doing right now. Although it would appear some may be involved in the FDA approval process, surely all the lab rats have nothing to do and have had nothing to do for months if not years. If Plethora or RPG for that matter have no other drugs under development, why are all these people employed and why do we need the facilities, assuming the facilities include laboratories. Unless work areas are just rented within a bigger 3rd party owned facility ? even so, surely some employees are not needed ?

Why are the lab rats of Plethora not developing anything. Is it because RPG only wants to invest in other companies, if they can identify them, which currently is a big zero. The only investment made so far in the area is a complete embarrassment and loss. Or is it, as has been speculated, the intention to offload Plethora and /or the product, although surely something would have materialized by now. Surely they cannot be waiting for FDA given its still 4 years away ???

Thoughts ???

This may be of some interest (particulalrly point (ii) ), which I extracted from last years subscription followed by some discussion from yours truly:

The Subscription will be used to:
(i) Fund the New Drug Application process with the FDA, together with the continued commercial manufacturing scale up of Fortacin.

(ii) Fund the build out of the Group’s healthcare and life sciences platform by investing in further identified and unidentified investments in the sector.

(iii) Provide general working capital for the Group. The maximum aggregate nominal value of the Subscription Shares under the Placing will be US$1 million.

While Regent has only one prescription product (Fortacin) that is being commercialised and to which RPG are directly seeking marketing authorisations in Plethora’s name in various territories, as previously announced, investee companies in which RPG have invested may also (now or in the future) be seeking marketing authorisations for their products, Diabetic Boot Company being just one example. From purely a Regent standpoint though, as yet we do not have any other products that are being developed by Regent (and Plethora) directly as our attention and efforts are being directed into the continued commercialisation of Fortacin™ in the jurisdictions and territories previously announced.

Although the DBC is "just one example", what are the others given that the statement would indicate the DBC is one of many, what other "healthcare and life sciences platforms" are being invested in ??? Any thoughts.

And, as discussed previously, what happened to the product being used for burns ? what happened to the idea of possible develpoment of a spray-on Viagra replacemenet ??? Thoughts.

Errrrrr And how do you know that ?

Share offer = 15.7076 for each of your shares.
A 10:1 consolidation
= 90k x 1.57076 = 141,368 HK shares
Curr sp = 0.405
Curr exchange rate now = 10.36
141,368 x 0.405 / 10.36 = 5,526 squidaroonies

Pom

Hence my post. Not that you will post anything, as people (it would seem especially investors) can get a bit aggresive towards others who may only be trying to help.

As to Recordati giving out freebies. Surely they have already been doing that this last year before the E5 launch. I'm pretty certain not all the 20 dose cans were sold in the UK. Even with English labels, it wdnt take long to print a few leaflets in different languages. Maybe that's why Recordati are so positive because early feedback has been good and poss why the increase to 380L from 300L. Pure speculation on my part, but it would make sense.

RPG were effectively stuck with Recordati so there was only ever going to be one outcome wrt the license agreement. It would therefore make sense for RPG to let Recordati have some sample cans sooner than later.

Pom

I see SUMM has crashed -75% seems PhaseOut DMD Did Not Meet Primary Endpoint. I'm sure there will be a lot of disgruntled people. You'd better not post there for a while... :-)

Apols for the change in company....back to PLE/RPG.....:-)

Well. We were certainly going great guns earlier today, but the consistent selling soon caught up and a turnaround occurred and we ended up down again. Hopefully it will end higher by the end of the week......SS22 you only have 2 days left to encourage the ranks and reach that elusive 1HK$ ....... ;-)

Hi Matt,,

Totally agree with your last sentence re putting our trust in Recordati. There is absolutely no trust whatsoever left in our BOD. They couldn't manage themselves out of a brown paper bag... All these announcements about new license advanced talks and even at one point stated as being at heads of terms, which is also known as "a letter of intent" !!! All within the last 4 years........ Even billion dollar companies don't take that long to decide "Should I stay or should I go"....reminds me of a song....LOL

PP

I too believe something is afoot, however. Given what we have seen before with this share being traded, I would not be surprised if investors are taking a gamble on the possible release of sales figures in the next few weeks by way of the half yearly report.

That said, I'm pretty sure they will not be sufficient to suppress yet another profit warning, which we know although is only a paper exercise, it will still have to some extent a psychological negative effect. What will be interesting is the magnitude of the said profit warning, if sales figures are included. I wonder just how accurate they need to be for a half yearly report...could they even be left out and replaced with just a few comforting or otherwise words since it will probably be a while to pull that sort of thing together...or is it ? If Recordati know exactly how many cans have been manufactured and know who they have been distributed to, is this sufficient enough to use as approximate sales figures, which is certainly a lot simpler ?

As to your comments re the board, I think I am right in writing that you are not alone with these views. As professionals, based on their current track record, they need to go back to school and learn about honesty, how not to mislead and how to do their homework properly before releasing, in some instances to deliberately confuse and mislead shareholders. They need to take an extra subject called investor relations as well as some evening classes in pharmaceutical business studies. Oh and when writing reports don't try and hide information from investors by placing such things as FDA information in the end of year financial report (3 months after the end of year), which deserved its own announcement given all the hype they played with regarding the USA launch. To my mind that was a deliberate attempt to hide from investors some valuable information in a 206 page document, which they know most investors will not read, let alone know its been published and where to find it.

Seems to have plateaued at around 0.4.....SS22 and his mates will need to get their skates on to get it there. Only buys allowed and no sells .... LOL

From his allotment ?
From the shops ?

And he's got something to tell us ? What is it this time ?

Although I could be wrong, I wouldn't think its due to leaked sales figures since its a little early. I'm more inclined to think its either the soon to launch Macau and HK progress or even one of the ROW licenses. Recordati can still push back the other countries expected to be launched in September and Jan 2019 (If sales are good, could they even consider bringing them forward ?). All my own opinion of course. Of course we could all be wrong and it could just be another pump n dump run as seen before..... ;-)

At 15:56......3,560,000 and at 0.395. he/she must be confident there will not be a large retrace tomorrow...... :-O

Yes...velly velly Stir-Flied..... LOL

Certainly that Matt.............

It was.......now 59m

Seems Ive got a stutter.... I only pushed the "Enter" button once....."honest govna"..... :-)

Wait a minute .... now I understand why he is pushing the idea of extending ones life........... He could be worried he will be 6 feet under before he sees the true value of Fortacin especially for any new license deals and the ever increasing timeline of FDA approval.......... :-O

Pom Maybe he has just moved on to his next money fountain as this is taking a lifetime.... How many money fountains does that make which have not quite worked out. I think is safe to say, as I mentioned before, these small amounts he throws at all these investments are just play money, all his main assets are elsewhere earning him more interest than he appears to be investing in his AIM hobby.