Member Info for bignose58

Didn’t they employ one guy after the eu OTC…. Obviously no good at his job or giving advice….lol

Have a banana.

There were no mistakes. It’s all down to absolute arrogance and huge amounts of incompetence.

After the take over, I urged JM to change out the bod and CEO for people with at at least some experience in pharma and commercialising a product, but no, it appeared he only wanted yes men in his team. And look where that has gotten us. Like so many of the companies he took control of., huge losses for PI’s

The guy may have made millions for himself (I wonder how) yet, any company he touches, where pis are involved, becomes a disaster.

As I have written before, monkeys could have done a better job.

Of course it will happen. it just depends when and if late, how much more dilution is needed to tide them over.

They have not received approval yet, which ,based on HK and Macau, could take another 11 months. Also, I still cannot see Wangbang getting any sales soon after, since they surely will not commit to ordering any cans till approval has been granted. This could take months as there has been no mention of any upscaling and as far as we know Genetic are still only producing 30k cans every 4 months. They then have to receive it, distribute it etc etc which will take months more.

JG has already told us he is selling us out to a US licensee to pay for the phase iii which was supposed to have have happened at the end of 2025, yet nothing, what has happened to that ?

JG has misled and given us so much BS in the last 12 years regarding timelines, I wont believe it till it actually happens.

Also, what happens to the patent ? no mention of an extension etc etc, it surely will be running out soon ?

Bothwell. Since the company has had and still has no income, time = dilution.

And then Jim had to loan the company 10mill to get it across the line which shareholders ultimately paid for from dilution. So you have to excuse my negativity.

And remember the phase ii, 6 years before that was closed out. And after 1 year only 15 subjects were processed. You really have not taken the company incompetence factor into account.

That is interesting. I thought RP were sorting out a deal whereby a licensee would be covering the cost. 5000 x 100 is still half a million, which, the company doesn’t have.

“China NDA not far away”, could be another 12 months based on how long it took HK to approve an import license. The company cannot be trusted with any statements made. Seen it far too often before.

All we can do is sit and wait. The longer it takes, the more dilution will occur, again. Based on what’s gone before.

I remember when I attended the 2016 AGM/EGM mid year and I met Jamie in the offices. He told me that China wasn’t on the table and that all their concentration was on getting FDA approval.

Yet, here we are. China is only days/weeks or could it be months away and the FDA approval is in tatters.

It still goes through my mind the email DR Mike wrote to me about 5 years ago in which he stated “if I had been given the money by Jamie when I asked for it, we would have had FDA approval by now”

This has turned out to be a nothing more than a scam.

In 2016 the company obtained EU approval and after nigh on 10 years, they have nothing to show for it apart from OTC approval which has reduced income by 60%. No mention of any new agreement which must have been signed given it’s been about 12 years since the original agreement was signed. I expect Recordati would want better terms given how much the debacle has cost them and they surely would want, some way, to get it back.

You had better rephrase that. They will get approval in China and the US. As things stand, Private shareholders may not have any shares left if further dilution is required, which looks L more and more likely.

My laptop suddenly shut down and yet, even though I didn't click on 'post", part of my post still got uploaded. So no, not a stutter, just laptops doing what they do best ....lol

And, Come June it will have been 8 years since shareholders were told the phase 2 recruitment had started. 8 years, less than 90 subjects and phase 3 has still not started. incompetence is putting it mildly.

# mill squid lost on the DBC, a company that no longer exists. Over night they became cannabis experts and came close to losing 14mill usd on the Yooya T/O. Luckily for us, their own incompetence allowed us to dodge a bullet. at the beginning of 2024, Yooya were worth only 1mill usd and had closed shop and pulled out of Japan, their supposedly biggest market. Then there is the DLI a highly suspicious T/O given the timelines we were presented with. In a 6 week period, the DLI demerged from its mother company, they received over 4 mill usd from a series A funding round and then they decided to give it all to RPG for 23% of the company. Obviously some promises were made, although I doubt one of them was asking them to give half that money back in a later funding if they wanted to keep their %. They must be truly pished off. They also must be kicking themselves for not performing any due-diligence, for if they had, they would never have agreed to have any involvement with a company that had no track record for bringing a product to market, no sales experience but were very very good at demolishing shareholder value, which they have now experienced themselves.

Nuff said.

And, come June this year, it will have been 8 years since we were first advised phase 2 recruitment had started. 8 years with less than 90 subjects and they still have not started phase 3. Incompetence is putting it mildly.

come march this year and it will have been 12 years since shareholders were told they had an unambiguous agreement with the fda. come june and it will have been 12 years since shareholders were told the company expects fda approval by june 2017. ever since then it’s gone to rat ****. 5 years ago, dr mike told me. if he had been given the money by jamie when he asked for it, ple would have had fda approval by then !!!.

the company has no clue what it is doing., otherwise we would have had an increasing income stream by now. shareholders cannot trust anything jg or jm tells us since no dates have ever been met and we have been advised many many times.

it’s anybodies idea what the sp will do, if it ever gets that far since 5he company will soon run out of money again and only one person will buy any shares to help support it. it makes no difference what the so is any longer since we are all down by 95%.

a complete disaster, which should never of happened.

I see another one of Jim's petty cash investments (WEBIS) recently delisted from AIM.

His track record as an investor is an absolute disaster for PI's.

What sales in China ?

I must have missed the announcement of a Chinese license agreement.

Yup, looks like another Hong Kong/ Macau timeline

So nothing before Xmas, only a couple of days left b4 the new year.

I am afraid its as I was expecting , yet another delay through incompetence. I really don't know what hope there is left for us LTH since if they don't receive at least the 5mill usd, we are well and truly fcuked.

Anyway, outside of that.

Merry Christmas everybody. I sincerely do hope all the remaining shareholders have a wonderful xmas. I also hope that the board have a bad one....yup, that's the sort of person I have become and who could blame me....

Lets hope that once the US company is going and the product launched, another US company sees the potential and takes DLI off RPGs hands for a billion or two. one can but hope. :-)

I will take a guess at Jamie Gibson since he is very good at shareholder destruction.