Member Info for bignose58

For once...earlier than anticipated, but seems to fall within my speculation that the Launch was delayed to take advantage of the larger batch size and reduced price, although I am interested to know what that price reduction will be. PSNW will now full steam ahead producing cans at the larger batch size.......roll on the EU launch. All we want now is an early Macau and HK approval......kerching......... LOL

Phew !!!!! :-)

Pom, With regard to the increase in batch size and reducing the price point, I draw your attention to the below extract from the summary at the front of the announcement made on the 28th March this year: "additional manufacturing process development at PSNW will be undertaken with the goal of increasing the commercial batch size for Fortacin™ by approximately threefold, with a view to lowering the unit price and meet the anticipated increase in demand following the EU commercial launch in 2017 by Recordati@ It clearly states "with a view to lowering the unit price". And as I wrote previously. In my opinion, which may not be held by others, I feel part of the reason for the delay in EU Launch was so Recordati could take advantage of this. There would be no point in them launching in Oct-Nov 2017 at one price then suddenly lowering it in March 2018, however. They are obviously banking on the EU approving the larger batch size, although I would guess in their experience, they are pretty confident this will happen since I understand it is the normal process once product approval has been given. With respect to the discussion on SP at EU launch, as you have stated currently it is very difficult to understand the workings of the HKSX and this company. If what you have stated previously is true and many large positions were taken last year at the time of the UK launch, one could conclude that there is even less free stock available and as such the price movement could be a lot larger. Although one can also argue that the initial EU launch market size could be 5 times larger than the UK market size, given the way this share has been traded, I'm not that convinced that the traders who jump in and out of the stock will pay too much attention to this. One thing is for sure though and that is the Stock will start to be viewed a lot differently. It will no longer be considered a tradable stock but more of a long term investment with huge growth potential. That is also not forgetting, and one has to believe this time the content of the previous announcements will be followed, that the other 6 EU countries, one, two or even 3 ROW licenses will be agreed and the Macau and HK launches all happen during the course of the remainder of 2018. If all this happens, the share price should go from strength to strength and settle at a much higher level come the end of 2018. (and I mean multiples of what it is today). Then, at the beginning of 2019, it will adjust (could go either way) as actual sales figures are provided in the end of year results..... Just my opinion of course.

I thought the price reduction was due to the sell by date and nothing to do with a reconsideration on price point. Unless of course they already have eu approval for the 3x increase in batch size which is surely not the case, given that approval is expected in Q1 just before the eu launch. Hence I think the delay in launch date is partly to coincide with the approval to allow for a cheaper can (no point in selling a can at one price only to change it a few month later to a lower price). Although I’m sure it won’t be as Low as 20 squid. Just my thoughts as it would appear posters are a little confused wrt the recent sale price and the approval on the 3x batch size which in itself was meant to define the new can price. Or am I the one who has misunderstood the content in the last few announcements ?

It will be interesting to see if Dr Mikes talk in Beijing tomorrow is the reason for the rise if on Monday the sp keeps rising. Otherwise it will just be business as usual. Ie orchetrated rises and then slow decline. What I’m trying to understand is why Traders apparently are quite happy with 5% profit when there will be so much more to be had in just a few months. Really difficult to understan the workings of the human brain sometimes :-)

Wasn't the Holy Grail being searched by the Monty Pythons Team....after they found Robert the shrubbier to make a shrubbery for the knights that no longer say "Ni" but say "Ekke Ekke Ekke Ekke Ptang Zoo Boing"........until they were all arrested by the Metropolitan police ....... ;-)

Very positive since the 1st Oct was a Sunday.....LOL

Pom, Exactly my point, when and if market realisation. One would have thought that some realisation would already be present, but it doesn't seem that way. Particularly by the brokers who still seem to consider this as only a tradable stock. From what I remember, Jamie mentioned last year that HK brokers are only interested if the company is making money. They are not interested in the forward sales projections and what impact they would normally have on a companies worth. The DBS seems to have disappeared altogether....no news anywhere....whatever happened to the sales ? Hopefully Dr Mike will attract some attention in Beijing on the 16th Dec, although I wonder if there will be any members of the press present.

If anyone is interested read the below, otherwise ignore. Just returned from a trip to China, stayed at Xaimen university and then several days in the mountains (tea area) called Wuyishan, Fujian (google it for some nice pictures). which was quite scenic. Apart from the pushing (particularly from old ladies), the spitting (also including old ladies), the continuous smoking in areas not permitted and the constant shouting at eachother, and most of the greasy food, it wasn't bad. Luckily it was off season so quite civilized with only a few million rather than the 10s of millions ....LOL (I wont even mention the driving, apart from the fact I made sure I had my eyes closed when in a taxi :-D...) If you want to buy anything, very difficult to use cash as they use WeChat pay which I do find amazing. This is an app operated by Tencent who made over 2.9 bill USD profit recently. Up over 60% from 12 months ago. Unfortunately Tencent also installs lots of malware on ones phone or laptop which is nigh impossible to remove and takes up gigs and gigs of space and provides back doors to many other malware programs which the user is not aware are installed. It was alluded to me by some of the locals that it's all party controlled. Just another way to control the people. Next to no WhatsApp and absolutely no Google. And in the next year, Singapore intends to become a cashless society. It will be interesting to see how visitors get on since it all relies on the reading and creating of QR codes. I for one will not be using WeCrap after the issues with the wife's phone and laptop. Unfortunately because most Singaporeans are Chinese or of Chinese decent, there are many that have already embraced WeChat......... I cannot help but feel uneasy about the whole thing. Oh and although one can purchase malware removal tools to rid oneself of Tencent, there are a few sold by Tencent themselves......... errrrrrrr........and they get away with it. no wonder profits are high .... LOL

So with the continued freefall in SP, I'd guess that if there are no updates by the new year, the SP will indeed probably return to 0.3HK$, and that's without the expected profit warning in Jan. The problem I see is that the lower this drops the harder it will be to climb above the UK launch price (given the speculation that positions have been taken). I also think that until we see any profit, it will be held back purely by day traders. The psychological effect on a sudden multiple sp increase will no doubt limit how high it goes. (Gen from what I have seen on other stocks, traders become a bit jumpy if an SP rises too high too quick and soon start to bail. Particularly since most probably have no idea what we are selling and just jump on the band wagon when a stock rises.....of course I could be wrong, although I am also basing this on what has happened historically before. To keep a sustained SP rise I hope the company sees value in staged announcements to create momentum. That's assuming the preparation for the other 6 country launch, the HK launch and ROW licensees are progressing in a positive manner and there are no issues with the 3 x batch size approval process and the FDA approval process is also on track.

Only if its accepted. :-)

Pom. I am more upbeat than before since the eu launch is now cast in stone, however. I am still cautious about the other things since there is still the occaisional misleading note. I.e the HK launch. All of a sudden it's another 12 months away from the original Dec 2017. They just don't do their homework before putting ink to paper. I think, and these are just my thoughts, regarding them selling. Obviously if the right price was offered they may (jim) consider a sale, however. I think the original projected sales was even too much for Jim to consider sellung. Even if he is already in the 800 mill club, he like everyone else is greedy and the thought of becoming a possible billionaire or even a multibillionaire on the possible final company value is also too much for him to ignore. Just imagine how it would boost his street cred or his own personal feeling reading bank statements that add up to 1 or 2 billion. So I'm inclined to think he will not sell till he feels he has been promoted several slots on the uk richest list, up with the big boys. Only my thoughts which as usual could be wrong ;-)

Pom always had an unwavering faith in the product, just had a gradual loss of faith in the A team. Now that the agreement has been signed and we have indeed received the payment, there isn't much that can stop the eu launch, which has taken a good while. Even though most would agree pharma products take a while to get to market, this has taken longer than it should particularly when one reads the past announcement timelines which we know have not been met. Not just once but several times. It is not good that shareholders have to rely on licensees to get the correct ones, which have never been confirmed by our management when questioned about them, but only later confirmed in much later announcements. As you pointed out yourself. Tge presentations are not even correct, which is pretty basic stuff. If they cannot get this right what hope is there on anything else ? Any road up. We are soon reaching our first major launch goal and we will have to see how we progress from here. As a small bit of positive info and I'm sure Dr Mike will not object to me posting, he has been invited to give a presentation in Beijing on the 16th Dec when he will include some discussion on Fortacin and RPG, which could be very positive for the company. It will be interesting to see if it has any impact on the SP in the following days, but should bring much added awareness. following. I'm currently in China staying inside the Xiamen University campus. Interestingly met a Yugoslavian professor who is temp working hete on drug related laboratory work. Seems the Chinese are still no good at developing their own drugs and are still heavily reliant on the rest of the world, as with everything else they do. :-)

Pom. You are certainly right there. I wonder if Jamie feels like a right t#t putting our money on a nonstarter and then asking invests to cough up for a placing a year later cos we are short of cash. Unless something is going on and they are keeping quiet about it. Either way he shd at least provide an update. LIFE has delisted and I'm sure the DBC must be in need of more cash. Where are we with the supposed RTO ?

My 5 year old grand niece said you don't want to pay any attention since the poster knows nothing about onions, carrots or beans. In fact any kind of vegetable. For whatever reason It only posts to try and confuse and create chaos. Keep the faith and we will all be rewarded.

I have it on good authority that you can ignore anything our negative poster posts ;-)

I see the UK manufacturing output growth is at its highest since 1988. Obviously this sudden leap in output is all due to the orders placed by Recordati to PSNW in preparation for the multi-country EU launch how on earth are they going to cope !!! ......... bring it on.....bring it on........LOL

Excuse the mistakes. Drinking a g'n't n watching the tv and trying to post from my Samsung. .....lol

Hi Pom Nope cannot say I remember that one. Must have skipped hough the cracks. Seems to me that it could have been prudent to have run with a few of the others and not close every thing down. Given what we know about all the delays fir one reason or another, I wouldn't be surprised if the urilogy company may have eventuakly come good and started to make a profit. One only has to look at the likes of Recordati who have gone from strength to strength. Hindsight is a marvellous thing :-)

Exactly, and about now. As I have mentioned before, even though they were meant to have had regular meetings with the FDA, they didn't know what was expected till much later. They didn't fully understand what was required at the time. There seems to be some missing information regarding all this. Anyway gripe over. We just have to wait another 2+ years and hopefully things will come good.