Dougie
As far as I remember JG was on 1.5mill USD, although he did supposedly take a 30% cut during covid which is now back in place. The 1.5 mill USD, from what I remember, was based on a calc made by POM, who is an accountant, and was based on one of the earlier year end results or annual reports. Although not explicitly given he was able to deduce that amount based on what figures were available. He also emailed JM and mentioned the figure which JM didn't deny, giving some support to the amount calculated.
The remaining salaries at the time were pocket change in comparison. Not sure how much the DLI execs are paid but they surely must surely be more than the average monkey gets in peanuts.
Morning The.Italian,
Imp afraid I never expected much from the DLI. They already lost nigh on 3mil on the DBC over 3 years and although the DLI is apart of RPG, they have still effectively lost the 3.79mil usd just by comparing the current market cap with that when the DLI take over was announced. This effectively goes to show they have no idea about investing in any pharma related product (incl longevity). As you quite rightly state the DLI was nothing more than a frivolous and expensive exercise in share dilution.
Anyway, regarding news..... It would seem the profit warning is usually given around the 15th Feb, so still 4 weeks to go. What is interesting is that back in 2021 they did give out a couple of operational updates in Jan 2021 and even included an operational update with that years profit warning, however. Given that JM/JG and the hangers on own 60% of the company, I wouldn't be surprised if they didn't consider it now as their company and PI's and now just an inconvenience.
There is certainly a good amount of news that should have been announced long before now., which I should think the A team are already aware of.
Come March, the FDA process would have been going on for 10 years.....very sad indeed for a so called blockbuster product, although its now become a ballbuster product.....lol and for added insult, JGs salary is approx. 10% of the current market cap.
I notice the DVP has been taking a real beating these last few weeks, dropping nearly 30% from the recent highs.
But even with any news (unless a US licensee has been agreed and who would be picking up the phase 3 trial costs plus at least providing a cash injection of at least 4mill usd, which I very much doubt) I'm not looking forward to yet another cash call which would need to be more than 50% of the current market cap to pay for operating costs pus phase iii trials. It was only a years ago since the last one which was nigh on 50%
And less than 2 mins before the closing bell.
Yup, as expected, shady deals ;-O
Well that certainly is mind boggling...
Yesterday. 1 x 10k lot sold and it drops nearly 5%. The day before, a 1 lot sell lifts it nearly 6%. Today 1 lot sold and it jumps over 18%. Since there would appear to be no associated buys, can it be concluded that the MMs were doing the buying (they may have even been doing the selling). Although free shares at at a minimum given the minuscule volumes, I wouldn't expect such a huge jump on 1 lot.
Of course it does pose the question. What the fcuk is going on (something positive maybe which shareholders are in the dark about ???) or is it just a rise before a placing ..... lol
What’s interesting is the remuneration committee one and how much they will want to award JG for doing nothing other than decimating shareholder value, not performing his fiduciary duties and basically incompetence. I’m sure that’s all going to add up to a nice tidy sum…..lol
Morning The.Italain, Likewise.
I'm just getting over another bout of Covid which has recently made its way to Singapore and is now slowly marching across the country.....cough cough cough...splutter
Merry Christmas Dougie et al. I’m currently feeling it’s closer to the drain than any money tree. Hopefully things will look up after the profit warning and cash call. Not sure how much we will be left with given the market cap will probably be closer to 100mill HKD and they are gg to need close to that to run the company and perform the phase iii
Morning, The.Italian,
A takeover. Now that’s an interesting thought, however. I’m sure Jim would not sell for peanuts, given the possibilities. That said, since not one us licensee is willing to commit even with the company at an all time low in market cap, I cannot see them wanting to spend much, so I personally don’t think so. Although it is a nice thought. ;-)
I could be wrong, but I wouldn’t think they will provide any update till the annual report is out, which of course comes after the usual profit warning.
If you want an answer, you needed to have emailed Jim and copied, JG/Dr Mike and the company secretary (whats her face) otherwise they will not be obligated to respond.
Its all there in the shareholders communication policy. I would even reference the document for added effect.
https://www.regentpac.com/ICMServlet/download/174-2517-4558/ShareholdersCommunicationPolicy(English)%20(clean)(20230706).pdf
Of course, they would then have to make all the A team directors of RPG
That’s right since the 60%ers hold all the cards. They could vote to accept whatever they want. They may even call it a management buyout since Jamie et al would also lose out if Jim decided to take it private.
So, RPG have now entered a closed period. I now don’t expect any news (even if there is some) until the year end results and then it will probably be accompanied with a cash call which I can only see being filled with difficultly.
I hope I’m wrong but history dictates otherwise.
Keith,
I certainly wouldn’t think so since they are the ones supposedly sorting out the FDA process which, come March next year, has also been going on for 10 years. (With probably still no end in sight of phase 2)