Member Info for bignose58

Pom. Although ordinarily I'd agree that the sp would not probably be effected by news of the payment, I think that given how we have been let down before and although they have stated that there is a new agreement in place. Share holders will only be convinced the agreement is in place by way of receipt of ghe payment. Although I could be wrong 😊

It's more likely to be a Dodo and we all know what happened to them !!!

The same thing happened when I copied n paste the extract....euros is changed to the higher value of poonds. Lets hope Recordati make the same mistake on payment.....4mill squid I thank you very much ;-) Once you give you cannot take it back ..... LOL

Whoops.....Gulp..... Maybe no announcement....... I ate carrier Pidgeon for lunch....landed on my balcony......did look a little puffed out........ and I surely don't remember seeing any note attached to its leg......unless I accidentally ate that too....Buuurrrppp. Sorry guys ....... LOL

Are you sure about that ? Correct me if I'm wrong but Banks, including internet transactions, don't operate at weekends, especially on a Sunday. Maybe he meant November or December or dare I even write next year given previous events which have been about 6months premature...... LOL I'm afraid we will only know once it's in the bank and then only if JG decides he wants to inform the market. He may just decide, as he has done before, that in his opinion its not price sensitive information and will let the market know 3 to 6 months down the line. Long after we have already found out from Recordati's own announcements..........This being based on previous historic events of course. ;-)

Aj13. Because we spent a year + with JG giving the impression everything was ok with such statements as 6mill payment triggered etc etc and then evading questions on where is the payment. He had many many months to inform the market and shareholders that there was a problem. Note RPG had invoiced Recordati for the money (Recordati told me so in an email) yet he did SFA to advise the market on issues. So you don�t have to wonder why most here don�t believe anything he states on payment until we see an announcement that the money is in the bank. He must realise this is very important since he cannot be blind to the fact that shareholders and Brokers have lost confidence in him (just look at the sp). He needs to start doing a much better job to regain this. PIkeyp I like the analogy ...... maybe JG => Harpo ;-)

That's interesting and no one seems to have commented on it. When I copy n past the part about the 4 mill payment, although it was copied as euros, my pc pasted it as poonds, which obviously is more !!! I wonder if my computer knows something, but is unwilling to tell me....LOL

Unless the 'A team' is using the money for a well undeserved holiday. There is probably a sign on the office door. "Closed for business....all employees taken on a company paid (care of Recordati) vacation - Back in 2 weeks. PS don't call us, we'll call you". ;-)

Rman, you are not the only one wondering about this. According to the announcement the amended agreement was entered into on the 3rd of October: "3 October 2017 (after market close in Hong Kong) Holdings and Solutions, both wholly owned subsidiaries of the Company, entered into an Amended and Restated Licence Agreement with Recordati" The 4mill payment should have been made on that date as also stated: "A payment of �4 million (or approximately US$4.71 million or HK$36.74 million) on the date on which the Amended and Restated Licence Agreement becomes effective". (3rd October 2017 - see above). So what does that indicate since no announcement has been made about receipt of the spongdoolies and its been 8 working days since. Surely a telegraphic transfer only takes 2 or 3 days. Does this indicate yet more problems ???

Personally, and again I hope I am wrong, given the constant delays and the amount of information which to-date has been in error, not just time lines, but also presentations etc etc where simple things are incorrectly quoted without any concern, I cannot help feeling that HK brokers are now standing back thinking this is all probably bullshit until actual sales figures are turned into cash received. That would mean that come the EU launch, although there will surely be a flurry of buying and selling which will spike the SP which will only be driven up by traders buying into the rise and who will soon jump ship, I'm sure the relevance of another profit warning at about the same time will soon cause investors to once again evaporate and depart at an accelerated rate. I'm sure we will not see any sustained SP rise till probably the mid year interims which should show at least some cash has been making its way to the RPG coffers. This I'm sure will be particularly true considering how many cans have so far been announced as sold in the UK and yes I do understand there has been no marketing, but due to the last 4 years incompetence as mentioned above and the UK sales figures (I'm sure many investors wont care whether there is marketing or not as its all now about the real bottom line figure), brokers will be very apprehensive on recommending the stock since they will I'm sure feel the EU sales will be of similar magnitude. The A team not only has eggs on faces to deal with, but a whole farmyard of s&%t too. Am I being too cynical or does some of the above ring true? Hopefully this could be a worse case scenario which could be changed if there is positive feed back regarding the HK/Macau approval/launch before xmas which is now only about 12 weeks away.

Hopefully the article will increase awareness and sales by at least 10 fold :-)

Selling like hot cakes. 10 cans a week....wow :-O

Exactly....sniff sniff.......burp :)

As I have written before, I think the disscussion on large position taking doesn�t make sense either on those volumes purely because the companies free float, which is about 50%, changed hands about 3 times and unless the position holders bought, then decided it was too soon so sold, then had a rethink and bought again, surely it must just be the millions of traders chasing the rise. Not that I am anything of an expert on such things, in fact quite the opposite. But large position holders would buy and keep their shares leaving even less in free float. I Guess we will never know and we will just have to pomder on it ;-O

Pom I think the jury is still out on that one given that in the last 4 years nothing has gone according to the timelines given and most now would be very cautious until an announcement has been made to say the money is in the bank (hooorraaahhhh) which is a true indication that the agreement is signed, sealed and delivered. That's unless the last couple of days meagre % increases are because of this...... Mind you I cannot help feeling when looking at the way the trades are logged that this is being controlled.......maybe I'm just being neurotic again ;-)

If you search under PE, you will find PSD502. It comes up as the first on the list. Strange in that it states it has been completed and has results ?

Pom, This may help. https://clinicaltrials.gov/ct2/manage-recs/how-register

Pom, That's what I was getting at. If the A team had done their homework, surely we would be launching the 20 dose can in the states about now. Seems to me someone made a bad judgment call or even a few. Anyway, I won't go on about it as "we cannot turn back the clock and we have to go with what we've got". Could that be a line from a well known song ? :-)

Pom They don't need to go to the Macau casino's to lose money, they have already been losing millions on paper write downs and loss of exclusivity period .. ;-)

And for further reading for those that may be interested, see: https://www.drugoffice.gov.hk/eps/do/en/pharmaceutical_trade/other_useful_information/drug_regulatory_system.html