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All ticking along nicely, albeit slowly wrt FDA approval process. China, however, seems to be doing well and looks like will pass the finishing post first.
Or even jumbo jet hangers……..lol
Those are called industrial storage units :-O
;-)
Although a shed load for us minions, it’s only a thimble full for JM…..lol
Exactly ;-)
Yes, certainly will be an update at some point in time, although I don’t understand why nothing has been forthcoming. Even more strange that nothing was included in the recent prospectus to encourage investors to take up their rights, which, as I mentioned before, was probably intentional so Jim could get a larger slice of the cake, given the expected news this year…. ;-) Could be a good sign though ;-)
Morning The.Italian,
We were certainly lucky this purchase never went ahead (15mill USD now down to 1mill), although it does follow ERP's ability to invest and increase shareholder value....lol. Discussed before, but I do keep an eye on it out of interest given the hype JG gave in the media regarding the upward trajectory of the CBD market.
Seems Yooya is having problems and has decided to pull out of Japan (remember it was touted by the company as being Asia’s second largest ecommerce market in dollar terms !!!)
https://ca.finance.yahoo.com/news/yooma-announces-operational-updates-221500564.html
It would seem the CBD arena is on a slow downward spiral and SEED is being dragged down with it.
Thats effectively 3 investments that are complete disasters......DBC, Yooma and of course the current DLI which is still costing the company (shareholders) money.
Dougie,
Because it suffers from Narcissistic sour grapes syndrome.
Narcissistic personality disorder is a mental health condition in which people have an unreasonably high sense of their own importance. They need and seek much attention and want people to admire them. People with this disorder may lack the ability to understand or care about the feelings of others. But behind this mask of extreme confidence, they are not sure of their self-worth and are easily upset by the slightest criticism...
Sour grapes refers to an attitude in which someone adopts a negative attitude to something because they cannot have it themselves (ie, they were sacked as CEO a long long long long time ago).... Something most common in small children and babies'.....lol
Et voila !!!
Dougie,
I wouldn’t pay any attention to the ex Ple ceo since it has only one agenda and has been proven on many occasions to write utter carp in the hopes to discombobulate… :-) Best filtered and forgotten.
And be happy, you will live longer for it.
Dougie, because I’m gen a positive person. No point in being negative since humans are gen only on the planet on av for about 30k days before we pop our clogs, so I always look on the bright side and make the most of it. Granted we come across incompetence along the way, but we need to live life to the full as we only get one chance at it. Ce la vie. ;-)
Morning The.Italian,
You are indeed correct, there should have been an update, however. I’m sure JG is using the closed period as an excuse not to update. He has used it as an excuse before when asked.
I’m afraid I won’t be getting excited about DLI until they actually start generating an income which still seems way off yet, if at all.
Interesting that it’s the buyers who appear to have been pulling the price down these last few days, getting them cheap as chips whilst the M&Ms are willing to sell to them. Make the most of it guys whilst you can as it won’t last. ;-)
Bothwell,
If JM had an ounce of business sense, he would have gotten rid of Jamie and the BOD a long time ago and replaced them all with competent people with the necessary Pharma experience. That said, I am pretty sure its all ticking away nicely in the background.
The only reason I see for the lack of an update is because of the rights issue, which I am pretty sure was played (no updates in the prospectus) to enable JM to effectively own the company without any opposition from pi's buying shares. Too many questions would be asked if, just after the manipulated SP, announcements were made which rerated the sp.
Mind you, If this takes off, which I am sure it will, JM will become a multi-billionaire which will certainly impress all his mates.....lol
Although I cannot see any problems with the China approval process since it’s being run by a third party and out of the hands of incompetence, I don’t have faith in ERPs own efforts in progressing the FDA approval process given it’s taken 4 and a half years from the first announcement on phase II start and we still have not had a go ahead to start phase iii, which beggars belief.
Morning The.Italian, yup just seen it and as I was expecting absolute zilch in content. More shenanigans going on given there should be much positive news waiting in the wings ( of course it could indicate it’s not that positive). Anyones guess really.
So I guess we must now wait for the annual report.
Indeed. And not forgetting the completion of the Chinese phase iii recruitment.
I expect there may be something, like some previous years. “Profit warning and operational update”
I still cannot understand why the DLI team didn’t appear to take up their shares (as far as I could see only one of the investors was listed as taking up the rights), particularly since they would appear to be throwing their investment in Longevity down the pan, unless they were part of the 18 unlisted uk investors ?
Although the initial batches for China came from PSNW, they will certainly arrange their own home manufacturer for the sales launch, especially since they are targetting 9mill sufferers in the first year (remember, most sufferers could well want more than one can/year = poss 18mill or more.
PSNW can only produce 8mill cans/Year on the current manufacturing line, although I'm uncertain about the Italian manufacturer. I would expect a possible delay if they are going through an upscaling and reapproval process. I would suspect that PSNW may well be kicked into touch following their inability to solve the impurities issue.
Something really strange going on with the ASX sp and market cap calculation, which I had noticed before. Current sp = 3.935 (as I write), yet market cap = 660mill, however. Last Friday when I posted on sp level, it had just touched 4 and market cap was just under 600mill, which makes no sense.
Because the market wasn't closed all week. Why don't you check out the HKSX holiday schedule - just google it ?