Member Info for bignose58

Oh. I C.

Yup another no trades day. Except this time the markets are up n we just stagnate. Meaning that yesterdays drop on no trades with the market down was pure manipulation at work. What else ?

The.Italian.
It was only a few years ago that we were around the same sort of level (Scancell had a market cap of around 80mill prior to yesterdays increase), however, that was not really my point. What I was trying to highlight was the different reactions in markets. Scancell had a 50%+ increase on the back of only phase I/II commencement of enrolment whereas RPG didn't get so much as a sneeze when the phase II started or even completed with very positive results and some. Maybe once we start getting a continuous income, local investors will be more willing to commit long term ?

And lest we forget the vibrating knob pounder I think developed by FUM. I'm sure sufferers would much prefer an instantaneous spray n wipe fix rather than electrocute or pound the dcik to get possibly the same effect.

I see Scancell shares have jumped over 31% on the announcement of phaseI/II recruitment. When ERP announced commencement, people fell about laughing, the SP dropped off a cliff and it actually started 6 months later and took twice as long to complete… What else can one write other than; It’s a funny old world….

Morning The.Italain

Yup. market manipulation at its best. How they get away with it is anybody's guess....

Errr did they, HSI is currently down 4% since that article .....

Hi The.Italian,

Hopefully no one wants money up front then….lol

So, what happens if the DVP sp doesn’t reach the required level (today back to 3 Aus$) and the company needs money.? I actually felt that the company was expecting news to lift the sp, but it seems they were not thinking clearly or not thinking that far ahead. We are definitely at a crossroads, but need money to finish things. Any suggestions. They won’t get much trying to sell JG will they….lol

Morning The.Italian

Exactly my point. There have been several largish buys recently indicating to me that some are willing to commit to the possibility of good news coming soon, although it does seem like the price is being held back given how it ended flat to day and some have paid a good 15% above the odds only to see it drop back. If they are willing to pay a good % more, they must have some confidence. Just my opinion on it though.

1.4mill buys and only 500k+ sells and we still end flat which is surprising since most of the buy volume must have been covered by the mms holdings. Yet they don’t appear to be letting the stock go for a higher price ?

Well, we have had the Diabolical Boot Company, which failed miserably and at the expense of shareholders, now we have Disastrous Longevity Inc which currently seems to be going the same way, however.

Our core product is making headways and we are on the last leg of the marathon. I'm hopeful of US license news in the next few months and progress with the NDA submission towards the end of the year. And again at the end of the year, news on completion of the China trials (although this is lockdown permitting but hopefully Shanghai will not have too much of an impact since 26mill is a drop in the ocean compared to the countries remaining 1,4bill. Any small impact should be easily overcome by H2 - IMHO ).

Although still considered low, volumes have picked up since Jan which could indicate this is now being watched by some investors and, as such, any positive news may have a more positive effect than previously. As we near a turning point in the companies fortunes I expect more are willing to take the gamble of a multiple return given the current low mkt cap and considered risk/reward.

Onwards and sideways with a slight incline upwards.....lol

Mind you. I guess its no different than them alluding to the fact they had several Life science investments in past reports when they actually had none, zero, zilch..etc etc.... lol

Morning The.Italian.

Well all I can write is this is probably the closest the company has come to making fraudulent statements given they actually have no deal in place and they are quoting figures. I may be no lawyer, but I'm pretty surprised they feel they can just make such a statement. It certainly puts into perspective, in my mind, the competence of the companies management.

Mmmm, must have run out of space....

Anything could happen in the next half hour.... ;-)

And no mention in the ongoing concern section that JG will have his loan repaid midyear which means he may be stuck with the shares....... :-O

LOL

Well, as usual. What a load of tosh in a fairy tale of a results report.

The only reason the so called "milestone" payment is not included in the front of the document is because its all baloney.

If there were indeed any agreement, they would have had to make it known. Instead, they include the statement to satisfy the auditors on the going concern, hence its only a 'pie in the sky' reference. As POM stated to me "the amount is just Pixie Dust", which I also agree given all the hype they made regarding market research on sales. And as POM also mentioned. "As for the deduction of US withholding tax, that is downright desperate to give it credibility to this nonsense". One only has to read what is included on page 8 where it is stated "continue negotiations with potential
commercial strategic partners for the US market" meaning nothing is agreed. Interestingly that they refer to it as a milestone payment rather than the usual upfront payment ???.

I'm pretty sure Dr Mike, who I know is in talks with the prospective US licensees, is not even aware the statement has been made.

C-19 certainly does not appear to have impacted Recordati's own end of year results as much as they allude to.
Consolidated net revenue up by 9.1%, EBITDA up by 5.8%, Operating income up by 4.5%, Net income up by 8.7%
Dividend for 2021 € 1.10 per share, of which € 0.53 already paid . JG certainly needs to be more transparent with regard to what is really going on.

Certainly No mention on supply issues, although my understanding is that Recordati may be looking at a local manufacturer.

More BS regarding the DLI which still, according to nothing being included in the ongoing concern section, will not be contributing for the next 15 months if ever. (a US$4.2 trillion (and growing) industry in 2017 [4.85trillion today]), yet no one has snapped up the app or any of its extensions and incredibly we got it at only 3.79 mill USD Mmmmm.

The only 2 positive things I got from the report are:
The Group submitted the validation study to the FDA in Q4 2021 meaning we should be receiving some sort of approval to go ahead pretty soon . I'm pretty sure any licensee wants to know when the NDA will be submitted so they can work out when it would be approved. Hence the delay in any agreement being signed, which again could happen in the next few months. And the company will certainly let the world know when that happens and not just from the contents of a fairytale results report.

And Since year end, Wanbang Biopharmaceutical has commenced the RCT, with an estimated end point of 12 months. (mind you they stated the same about the FDA phase II which ended up taking 2 years to complete and another year to submit the report).

It certainly seems this year could be the making or breaking of the company which as far as I can see is now totally dependent on getting a US license agreement made in possibly the next few months, although........

Anything could happen in

As I predicted, exactly the same result as yesterday if one excludes the 6 hours between the first and last trades (although we did only finish flat)....lol.

Results expected any time now.....gulp.... :-)

Manipulation at its best, dropped over 4% on a handful of shares soon after opening, more buys than sells and manages to finish just under 1% up on a single lot “Others” trade @ 16:08…..!!!

And I’m sure the same will happen tomorrow before the results/news announcement

No, even the main HKSX website is showing no trades

The.Italian, it did look a bit flat and as you state. It has happened before. I guess all the investors fingers were tired from several days of trading….lol