Member Info for bignose58

Dougie,

That is indeed true, but as I have mentioned before, RPG are supposed to have run out of money come the end of Feb, then what ? Given the A team and their hangers on own 60%, where will that leave private investors if another cash injection is needed. The only hope left for us is if there were a US agreement signed which I would expect would inject some operating cash and they agree to pay for the phase III. Unfortunately, if any agreement were to have been signed, they must give out that information to the market immediately and since they have not, then I can only assume an agreement is still not in place.

Of course I don't expect JM will want to expose himself further in buying more shares (or even taking the company private as that is not his usual MO), so the only thing left is for him is to lend the company money which would need to be 8 to 10mill to pay for operating costs and the phase III, although it will still need to be paid back.

Unless they sell the whole product, which is not out of the question, but then again, for how much ? We are so so close to turning things around (I'm referring to China now), so why sell ???

For all we know Europe could have suddenly come on line and we are saved, which is very doubtful on only 30k cans every 4 months.....cough

Just my thoughts on the matter. I could be totally wrong .. :-)

The market cap would have been even worse if they had purchased yooya for 15 mill which currently is only valued at 1 mill. The.Italian was indeed right when he wrote we had dodged a bullet with that one. The DBC and DLI have faired no better, but at least less dilution was involved. These monies spent could have been used much more productively. And although they needed to make some investment, they could have used a 10th of the money invested in productive companies rather than flushing it down the toilet buying and investing in useless companies

Where FUM is ahead of the game is they are now in profit and sales appear to be currently increasing exponentially. Given they currently only have a market cap of 134mill squid, there is still huge upside.

RPG are at only 11mill squid which could be an even higher upside as long as we don’t run out of money or are diluted to double the fcuk. The next few weeks will tell us where we are or indeed if we are nowhere. ;-)

It's not a case of a better product since FUM's is for ED and RPG's is for PE

What is comparable are the number of sufferers which are around the same, however. Fortacin is supposedly open to a larger market share given the number of currently available products out there. Also, we are ahead of the game with FUM when China is considered since approval is expected towards Q4 this year. This in itself exposes us to an approximate market of around 175 million sufferers. Even with a lower price than the US and even with taking account of a small % in penetration, its still adds up to a few hundred million in sales.

What is a huge disappointment is the FDA approval process where shareholders have been lied to, misled with a total lack of transparency. (an unambiguous way forward and FDA approval expected in June 2017).

When RPG touches anything, its done by complete amateurs'. That's why the Chinese process has gone pretty smoothly.

Reminds me of that Dire Straits song

Money for nothing….lol

Morning The.Italian.

Not really off topic since it is related and shows what can be achieved even with snake oil….lol

Not much will happen here for a day or two given it’s CNY and most offices close for the period. Also, since I really don’t expect Jamie to be spending his time usefully on our product any longer, I don’t expect any urgency in keeping the market updated.

If they included Italy, they’d have the set = E5

And yes, I do own shares in snake oil….lol

Should have invested in FUM which, although has a product Dr Mike considers as snake oil, is getting approvals and selling well. Maybe our product should have been marketed as snake oil too since snake oil is obviously what joe public want.

Will the market cap reach the dizzy low of 5mill squid. Gulp

The most transactions in a long long time, although mostly for single 10k lots and indicative of not many free shares and it still goes down. Seems those that want to sell are accepting whatever is offered.

You need to try harder than that, currently down nearly 11%

Or even who is Halen....lol

And yes, I have 2 brain cells.....lol

Who is Halon !!!

I think they need to employ a few more people with more than one brain cell.

Of course, I have not included for the 5mill usd milestone payment from Wanbang and an additional 2mill usd on the first sales (all excl. PRC witholding tax). Both which should be payable before the end of 2024. The problem is; is it enough and will it be in time. Even if JM kindly loans enough to keep the company going till payment is received, what about the phase iii costs ??? Given the current lowly market cap, surely there isn't enough to do anything with, if a placing is considered.

Morning chaps,

So a couple of days share activity which has so far driven the sp down 18% and I expect will further decrease as we close in on the expected profit warning. I think I am right in writing that the current market cap of around 10.5mill GBP is the lowest it has been since pre PLE takeover days and could be the lowest even long before that ? Certainly a lowly figure given what the company is supposed to have and with several licenses in place.

I think I may have given the BOD, CEO and chairman far too much credit calling them monkeys and clowns. I'm now moving on to parasites given how much money the company has eaten into with nothing to show for it. I certainly have no idea how the company can continue in its current state, especially since the China approval is not expected till Nov/Dec this year and then surely another 6months to a year to see any income stream from sales.

The company and its employees are either considered as a laughing stock for throwing away something which should have been blockbuster along time ago or they are considered as shrewd business characters for shafting so many shareholders for so long - it could go either way. :-)

I do wonder now if all is lost given there surely doesn't appear to be any way out of the mess they have created, even the DLI, which could have been their only other income stream, appears to not be going anywhere (certainly no third party appears to be signing up for a longevity license) ???

I now wait in anticipation of the said profit warning and an update of how long the company has left.

Now the last fundraiser is well out of the way, they are now moving on to the next one.

I expect the Chinese submission has been made (there is no reason for it not to). The FDA process, however, is anyones guess since the amateur’s have messed it up from day one.

Dougie

As far as I remember JG was on 1.5mill USD, although he did supposedly take a 30% cut during covid which is now back in place. The 1.5 mill USD, from what I remember, was based on a calc made by POM, who is an accountant, and was based on one of the earlier year end results or annual reports. Although not explicitly given he was able to deduce that amount based on what figures were available. He also emailed JM and mentioned the figure which JM didn't deny, giving some support to the amount calculated.

The remaining salaries at the time were pocket change in comparison. Not sure how much the DLI execs are paid but they surely must surely be more than the average monkey gets in peanuts.

Morning The.Italian,

Imp afraid I never expected much from the DLI. They already lost nigh on 3mil on the DBC over 3 years and although the DLI is apart of RPG, they have still effectively lost the 3.79mil usd just by comparing the current market cap with that when the DLI take over was announced. This effectively goes to show they have no idea about investing in any pharma related product (incl longevity). As you quite rightly state the DLI was nothing more than a frivolous and expensive exercise in share dilution.

Anyway, regarding news..... It would seem the profit warning is usually given around the 15th Feb, so still 4 weeks to go. What is interesting is that back in 2021 they did give out a couple of operational updates in Jan 2021 and even included an operational update with that years profit warning, however. Given that JM/JG and the hangers on own 60% of the company, I wouldn't be surprised if they didn't consider it now as their company and PI's and now just an inconvenience.

There is certainly a good amount of news that should have been announced long before now., which I should think the A team are already aware of.

Come March, the FDA process would have been going on for 10 years.....very sad indeed for a so called blockbuster product, although its now become a ballbuster product.....lol and for added insult, JGs salary is approx. 10% of the current market cap.

I notice the DVP has been taking a real beating these last few weeks, dropping nearly 30% from the recent highs.

But even with any news (unless a US licensee has been agreed and who would be picking up the phase 3 trial costs plus at least providing a cash injection of at least 4mill usd, which I very much doubt) I'm not looking forward to yet another cash call which would need to be more than 50% of the current market cap to pay for operating costs pus phase iii trials. It was only a years ago since the last one which was nigh on 50%

And less than 2 mins before the closing bell.