The first initials were meant to be JG, although I’m sure you worked it out ;-)
Bothwell, he really should have left “I hope” out at the end as it certainly isn’t confidence building.
Although JM has invested a few million, it certainly is a drop in the ocean and probably nothing more than petty cash to him. Surely if he was that astute, he would have changed out the CEO and Bod. And although this one day may come good, they are slowly missing the opportunity as patent periods run out. I’m not sure how long the US patent has to run or whether they can even extend it. And of course the more dilution that happens may even leave us still under water even if the company did end up with a substantial market cap.
As I wrote before, the whole thing has be handled by a bunch of inexperienced clowns. :-)
Bothwell, JM won’t respond since the A team holds 60% and all the cards. We are probably considered as nothing more than an irritation.
He is also probably embarrassed by promising so much but has only the incompetence to provide nothing.
And JM doesn’t get any better since he put him and the bod in place with not an ounce of experience in pharma amongst them. I suggested a few times by email he change them out but of course that does little since he also has no experience in bringing a pharma product to market. The blind leading the blind comes to mind.
Keith, I’m sure I will see a better return on my FUM investment since RPG are not involved….lol
You cannot blame them. They are taking a gamble (isn't dealing in shares all a bit of a gamble) it will drop sufficiently to buy more shares at a lower price. depends how you view it. They could lose out, but equally, they could gain.
If the BOD or CEO want to stop it, they need to be more proactive, but since they are not, would indicate they don't care and are not worried. Once a regular income stream can be seen, this will quietly stop as pi's will keep their investment for the future growth and dividends. Just my opinion on the matter.
Bothwell, we are all in the same boat and need a 10,000% increase, which is doable, given the market cap is only 10mill Squid. The big question now is. Will they manage to do that before going bankrupt ??? especially since Jamie's salary is now about 15% of the market cap !!!!
I wonder what the DLI lot are thinking. they received 3.79mill usd (18% of the company after dilution) in shares and then had to inject half of that 3.79mill back as cash if they wanted to keep their %. Not exactly sure if they all did, but I would guess there are some pretty pished off DLI operatives....... Well tough shti since the T/O in my opinion was all a bit questionable to begin with.
There are probably 2 good reasons….. apols for the typo ;-)
So….If or when the patent runs out, will Recordati renegotiate a contract or will the existing contract have some clause already included, although I would suspect there is already some a definitive contact duration with clauses for continuation. I wonder if there was even a clause for them to apply for the OTC approval. Not sure if they would even consider renewing given how bad sales have been, although there is probably 2 good reasons to continue. Getting a local Italian manufacturer and obtaining OTC approval which cost both time and money. I wonder what their long term plan is?
That said and for those optimists still left ...lol.....There have been operational updates after the profit warning and preceding the final results. Could this indicate something is afoot like a US license deal.........probably not, but one can dream a little....lol
And surprisingly, no operational update which certainly doesn't bode well.
Could this be the final nail in our coffin.
Not that its much consolation but.......
"There will no longer be an amortisation charge relating to the Patent (FortacinTM)". meaning the European patent has now run out !!!
Morning The.Italian.
Finally !!!
Interestingly,
Liam's blog is still up n running and never been taken down.....
https://cloudtagblog.wordpress.com/2016/08/20/why-cloudtag/
Certainly brings back a lot of memories of the cloudtag 4, especially David Greece who was a very abusive keyboard character,
And Up 1.111% as I write, somebody knows something.....lol lol lol
By the end of today, we are all going to be millionaires.....or just broke....lol
Anyway, in the words of Shaw Taylor off that well known tv program, junior police 5. “keep ‘‘em peeled” (if anyone can remember him or even the program….lol)
Going by the last 2 years, we could see an announcement tomorrow or next week.
2019 there was no profit warning or indeed, dare I write, a positive profit alert.
In 2021 the profit warning wasn’t made until the 2nd of March, however. Before the announcement which included an op update, there were 4 op updates preceding which could be the reason it was delayed by a few weeks.
I don’t think it’s as easy as that. Given there are no alternatives that are OTC, sufferers would be forced to go to the doctors. What’s to say the 20% have not already started buying it OTC as it’s less hassle.
And to add salt to the wound……
The current market cap to long term RPG investors is only about 0.5mill gbp. For long term Ple investors it’s around 1mill gbp. These figures take into account the dilution effects since the PLE takeover. Disastrous. I really do not know how JG has the front to state in announcements that the company is increasing shareholder value.