Member Info for bignose58

The.Italian.

I don’t think anyone is expecting them to meet their own schedule since they never have. I would suspect that since it took 12 months longer to complete the phase II trials, which themselves were delayed by 6 months, we won’t see any results till q3/q4. Just being realistic on their own ever changing timelines.

LTH's should be awarded options for putting up with an incompetent and disasterous management for so long.

They just cannot help themselves by continually sending the wrong signals to investors and the market.

So the share options were used to pay a 3rd party consultant for services rendered to the DLI app. What BS is that. ???

Why didn’t they pay for the services out of the 3.79 mill usd received as Part of the DLI deal. I mean that money was originally to be used for the DLI’s operations ?

So now shares are going to start being issued to pay 3rd parties for services rendered. Errr Australian tax bill, Phase III etc etc. They should have sold a handful of VXR legacy shares since ultimately that’s what they are for. Each time they do this they are effectively chipping away at our investment and certainly indicates there is no money left !!!

The.Italian

I appreciate the response and your view regarding the FUM product. It certainly will be interesting to see what sort of deal they do manage to get out of it. If indeed good, I take my hat off to you all those invested, however. I cannot help but feel it may not be as good as most are expecting purely from the view that it may not give Viagra etc as good a run for its money as expected.

That said, I cannot help think our product and the FUM product are facing a similar challenge wrt how good a deal is achieved. Ours mainly due to the ever increasing delays (allowing licensees to calm down and do a lot more research), known sales figures and of course the stigma which is still attached to PE. And Fum's with respect to the products that are already in play. As a well known scientist told me; the onset time of an erection can be significantly decreased using Viagra simply by crushing a tablet and rubbing it under the hood (obviously this cannot be applied this way to certain religious denominations where a good buffing would probably suffice...lol).

Apols, I repost using the correct subject.

Dougie,

My point was that they were supposedly at heads of terms yet, no marketing report was even contemplated then and even though they may have ceased the talks because of the 6 dose failure, why did they not continue with the license discussions....instead I get the impression they all walked away and effectively we may have missed a bigger opportunity since we now have the EU disappointing sales to contend with and it would seem by the need of the report, they are a lot more cautious (although the report would be needed and would have been addressed by the licensee, why was it not put in motion once the 12 dose cannister was approved ?). I think the company is going to need to fight now for a good deal since the ball would appear to be wholly in the licensee's court).

Dougie,

My point was that they were supposedly at heads of terms yet, no marketing report was even contemplated then and even though they may have ceased the talks because of the 6 dose failure, why did they not continue with the license discussions....instead I get the impression they all walked away and effectively we may have missed a bigger opportunity since we now have the EU disappointing sales to contend with and it would seem by the need of the report, they are a lot more cautious (although the report would be needed and would have been addressed by the licensee, why was it not put in motion once the 12 dose cannister was approved ?). I think the company is going to need to fight now for a good deal since the ball would appear to be wholly in the licensee's court).

The.Italian.

I post this question here since I'm not invested in FUM and I am sure my question would cause a lot of flak. Anyway....

Something that is bothering me regarding the FUM gel is the question on sustainability. I have read many a post on how the product will replace Viagra/Cialas but I really don't see how. As far as I am aware both Viagra and Cialas work internally and can sustain an erection anything from 30 mins to 3 hours and even longer. Since an erection can be achieved fairly easily from external stimulation (I understand a feather, hairdryer set to cold...etc). The problem I see, which the aforementioned drugs address, is in keeping the erection once wood is achieved. Surely the effects of the gel wear off pretty quickly following penetration and then that's when the problem occurs. Of course there will be some who cannot achieve an erection, to begin with, but are they not surely what are considered as extreme cases? So I cannot see how the product will replace the drugs or even sustain an erection which I would think most sufferers are looking for (more so for lifestyle takers)?

I would certainly appreciate any light you can shed on this as it has been going through my mind recently and when reading posts about a Viagra or Cialas replacement, I just don't get it.... Thanks in advance.

I'll throw my two pennyworth in for what its worth.

Firstly. They are certainly leaving the submission to the last minute of the announced scheduled timeline which makes me think there could be a problem with the data (do they or are they considering additional candidates if there are issues with some of the 87's data not meeting the requirements ?) I could be totally wrong but 6 months to screen 87 candidates seems excessive to me.

Secondly I only expect a small blip on submission announcement since it in no way signifies an approval to move on officially with phase III, although I am sure there would more than likely be a significant spike once the FDA approve the results and phase III can officially start as its a step closer with risk removed.

Finally. As mentioned before, the company has not been transparent regarding the US license process given it was announced via a PLE RNS and at the same time included in media articles that the company had moved to heads of terms in 2014. yet. Shareholders have never been informed why the licensee/s walked and the process came to a stop.

Although JG has on several occasions mentioned (since the beginning of last year - at least) that they were in talks and that an agreement could happen before or during the phase III. I know for a fact that no such license talks had started by Jan this year. Yes, they have indeed been in constant contact with several candidates, but no license talks had started. Of course that is not to say they have not started since Jan, however. Given that they themselves have stated that the recent marketing study was made to aid in the process. which was not completed till just a few weeks ago, indicates to me that license talks still had not started. (If it is such a blockbuster as has been alluded on numerous occasions, an agreement would surely be in place by now???). The FDA process to my mind should just be a formality (they surely cannot ignore the obvious) given the product has been on sale in the EU for over 4 years and has recently been turned into an OTC product, so there is nothing really to hold it back other than silly mistakes being made as well as a lack of interest from boredom on the required approval process.

That said. Now that the marketing report is finished, there is now something with a lot more substance and of value to bring to the table and since this data will only have a finite timeline, a license agreement could well be in place long before the phase III finishes, although I am beginning to feel it may not now be as lucrative to us shareholders as we have been led to believe.

Anyway, I, like you, now wait for the phase II results announcement which will either tell of further delays or full steam ahead.

Hi The.Italian.

Just being realistic based on past events. Although Low volume, it only needs one who has the information and who is limited on how many shares one can sell due to current market buying pressure. The mm’s can only buy so many shares before being overly exposed and they must already have a s-hit load.;-)

Yet more jiggery pokery going on.....but to what end ?

Could it be leaked information on the phase II results....something amiss ??? I wouldn't discount it given the rocky road to where we are today regarding the FDA process. Only 2 weeks to go and its taken 6 months to process the 87 participant results. Remember the phase two went from 15 months, confidently reduced to 12 months (after only 6 months into the study), to 24 months and then we were told they only managed to filter 30 participants after 12 months. (I mean how many did they have after 6 months to be able to confidently announce a reduction in time line to 12 months - it certainly beggars belief !!!)

It will be interesting to see what happens in the next two weeks. Will the submission be made as announced or will there be some announcement of yet further delays due to problems ?

DLI investment sell off. Well I guess they have made a bit on their 0.07 HKD shares.

Now I understand why the increased selling pressure.

As usual, no indication of any income from the disastrous DLI investment.

Looks like Stella may be getting a little going away bonus.........

Hi Dougie,

Unfortunately their experience is limited and in a totally different field which is quite apparent given how things have turned out since they really should have had a better grasp of the dynamics of pharma and marketing, which none of them have. It’s all very well being a director or ceo, but they have to have a certain amount of related experience, particularly for those that are awarded obscene salaries that ultimately come out of the companies bottom line and which we shareholders end up paying for through dilution.

Unfortunately there is next to no confidence in the CEO, Chairman or BOD, otherwise things would be very different. The Venturex investment is a legacy investment and probably considered by many as of no value towards the companies new plan/direction, otherwise the sp would be now much higher, wouldn’t it ?

Shareholders have been let down so many times on news and timelines that big investors are probably too afraid to step in and take the risk. As far as I can see, the only interest is from day traders which will not change until some real positive news on progress is announced. We may see a spike on the phase II submission, but it’s still no guarantee a phase III start will be approved and within the timeframe given.

Remember, the company has not returned any value to shareholders since 2013, nearly 9 years ago, only dilution after dilution on empty promises. Even all the presentation projections now paint an erroneous picture. I notice no new presentation has been made taking account of adjusted timelines and adjusted sales projections which any possible new investor would use towards their own investment decision/strategy, once bitten twice shy currently comes to mind. I’m sure no II’s will invest before a US license agreement is signed (and that depends on how good an agreement is made which will give a good indication on how the licensee sees sales projections) or they will wait on sales figures.

Even though a report has been made on who will cover the cost and how much they are willing to pay per can, they have still not addressed the problem of getting sufferers to come forward and seek help. I’m afraid that even though the ED/PE prevalence figures may be similar, there has been no discussion on how the known added stigma attached to PE will be handled/addressed, which has been made visible from the EU launch. And although the product is now OTC in the EU, there has been no discussion on how much a price reduction per can will be made or any form of update on sales projections.

So as far as I can see, there is still a lot that needs to be done to instill confidence in this investment. AIMHO of course ;-)

I suggest you read Heimdal's post on the 12 May at 09:53.

I’m sure I read somewhere it was required to be spread over 10 years, which would seem correct if multiplying 10 years by the annual amortization of 14mill, although wasn’t it 14mill every 6 months, maybe I’m mixed up about that one though. Can’t be bothered to check since we will know in a few weeks.

The.Italian,

Yup, I just couldn’t resist. Some posters really do make complete fools of themselves, as I was trying show…. Maybe he got the point, but then again, maybe he was just deliberately being a fool. I’m sure we will never know.

Anyway, Ard’as’nails the Terrapin is doing fine now, must have been something he ate…..lol

EF,

Funny you should post that. I've got a terrapin in a TANK. I asked him in confidence what he thought of bod. He promptly dived into the water and squeezed one out. I guess he was trying to tell me the same thing.

But then again, he does have the brain the size of a pea and as such probably knows just as much as HappyScot

Its amazing what some posters can write isn't it........derrrr