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Cans if……lol
Bothwell, I suspect the delay on the China submission is because they are now also sorting out a manufacturer. Why they didn’t do this a year ago beats me. Particularly since it’s very clear the new eu manufacturer will not be up to the job. China needs at least 1 mill can is they are targeting 9 mill sufferers in the first year.
I must admit, I didn't see the China delay coming since they were going great guns. Seems they are also looking for a manufacturer approval too which I guess is obvious, although I would have thought they could have made the submission separately. Maybe they were requested to make them together ?
Recordati's manufacturer would be hard pressed if they can only make 30k cans every 4 months and for Wanbang to target 9 mill they are going to need 3 or 4 production lines at least (remember it took about 6 to 7 weeks for PSNW just to produce 50k cans).
After a quick squizz and summerising. Delay, delay and delay and only fumes in the bank. No China submission and the FDA phase II still going strong and still no SPA. Incompetence rules OK.
Yup, early This morning.
So……. What’s happened to the results ? They are usually announced an hour or two after the board meeting.
Hopefully, although I would like to read...."CEO to resign after a decade of under performance". Here's hoping.
I am not holding my breath either since any good news would or should have been announced. Not exactly sure where it leaves the company. As you wrote, 1.1 mill will only pay for the coffee n lights for a couple more months.
Morning The.Italian.
Interesting that they are able to make an announcement for a meager 1.1mill, yet. They are unable to provide any update for the Chinese submission or on the outcome of the SPA which should have happened 6 months ago.
Until you posted that, I was not expecting anything apart from what would be included in the year end results. Meaning nothing positive since they surely would have to announce any positive news as they have done all previous years.
But as I also wrote. Since they own nigh on 60% of the shares and probably have already informed those of importance, the average PI will not get to know until the said results. Just my opinion of course, but it certainly appears to be going that way.
Bothwell,
You are the one that seems to know that given you posted on the 10th May.......
"Operational update coming soon…..Hopefully positive news! "
Maybe you can enlighten us ???
Yup, yet another cash call
Bothwell,
Because, as I have written many times. They are out of their depth. Not one of the clowns has any pharma experience in sales Marketing or even getting approvals. They are and will always be Miners. They do not realise they have to be very proactive if they want this to work. Previously when RPG was a mining investment platform, they used certain people on the board (now left) to propose mining stocks which they just threw money at. They then sat back and watched as the investment went up or down and then sold. Certainly an easy job and not very demanding on the brain. They obviously think the same strategy could be used when running areal business with a real product....... ERR No.
This is all JM's fault, but unfortunately he didn't know any better since he is just the same.... not much more can be said about incompetence.
Found it.
Not necessarily in an RPG announcement but listed in the local HSA website.
5th July 2022.
https://www.hsa.gov.sg/announcements/new-drug-approval/new-drug-approvals---july-2022
Scroll down to find it.
Morning The,Italian.
If I remember correctly, This was discussed previously here since an import license for Singapore was granted in July, although I would need to go back through my posts to find it.
However. Given the supply originally came from PSNW, I don’t expect they sold many, if any at all. They certainly won’t see many of the 30k cans produced every 4 months if that is all there is available, like the rest of Orients countries supplied.
Yup.
I even told my GP since he said he had a few sufferers coming in each month.
Who are Endurance RP anyway ???
Of course that should be Q3 2024.....derrr.
Anyone still signing cheques and putting last years date......Ahhh but then again, what are cheques anyway.... lol