Member Info for bignose58

I’m sure it could be, however. How much longer will it take ?

Phase 3 has still not started. Once it’s complete, how long to get the submission prepared and submitted. Going by how long it took from phase 2 completion to phase 3 start, we are looking at a couple of years yet. Then 1 year for approval and another year to find and sign a license agreement and another year, at least, to get it on the shelves…. With there still be a viable company by then. Probably but there won’t be any value left since further dilution will ruin what’s left of any pi investment. So no, I think the us route is now on the brink of collapse. Just my opinion, although it is backed up by historical incompetence.

Hi Guys,

Gong Xi Fa Cai. Yup tomorrow is the year of the snake. My mother is going to have an enjoyable year with that tongue of hers...... lol

Not much to add except that based on how long it took to receive an import license for HK (2 years) with no additional studies, I don't expect to see approval within 12 months (if they manage to last that long). Then of course, after approval, it will take about a year to sort out the logistics and get it on the shelves. so possibly 3 years in all. It really looks like the "end of the world as we know it" (R.E.M).

As The,Italian has written. The US approval will never happen. 10+ years and they are selling their and our souls to some other outfit to get it across the line, (what a disaster). There has been no news of anyone stepping up to the plate. One look at the company's finances and incompetence would certainly put off any one stupid enough to even consider it.

We have been truly let down by utter incompetence. I have a pet worm that could have done a better job and at 10x the speed.....lol

I thought Id better post something before xmas 2025.

Happy New Year guys.

Will this be our year ..... errr I dont think so, unless Europe or the DLI can bring in any money, otherwise we will have to wait till the end of 2026. That is only if they manage to get that far on the air left........ :-O

Quadrise wins grant.

https://www.lse.co.uk/news/in-brief-quadrise-wins-grant-as-part-of-marine-technology-consortium-0p2dzweobv9ce4i.html

Morning The.Italian.

The same to you. Have a good one. :-)

A bit like the DBC was....lol

USA may still be on, but it will be another 3 years before any income is seen from that. As to the DLI. No indication of any income from that and no indication of what can be expected, if anything. Its currently still just another white elephant.

Then how ?

Next to no income from Europe, nothing from DLI, need to repay JM and then there is working cap requirements. Given the current market cap, that means more than 50% dilution to cover the loan and for continued operation. So JM et al will then own more than 80%, so where does that leave us ?

We may see a respectable spike tomorrow with usual drop back to where we are today.

Finally after a 1 year and 4 month delay the NDA has been submitted.

But is it too late ?

After a disastrous HK and Macau submission which took a year longer, even without additional trials (finally 2 years and 2.5 years respectively) I don’t see them getting approval till the end of 2026. Then, Wanbang will require another year, at least, to finally get the product on the shelves. And how will they make any income with only a few hundred cans, if that, available every 4 months.

Come next June there will be no money if it’s not all gone before and Jim’s loan will need paying back….how are they going to do this ? Even if it was taken private, they still need another to 8 mill to get that far.

Monkeys could do a better job. Nuff said.

The.Italian,

No, I don’t think you are missing anything. I think the problem is that several posters are frustrated since they expected an explosion giving the market cap as hundreds of millions.

They don’t have the foresight to understand FUMs fortunes will not happen overnight. It’s a bit like those that constantly count numbers and bad comments on Amazon. It’s a tiny % overall of the major rollout. Ok the numbers my give some indication, but the comments are not even worth the time reading.

What will be more interesting are the numbers Fum will put out in ther next results.. The market is, understandably, very cautious given all the previous let down. A bit like here.

Morning The.Italian.

Although no longer a part of RPGs investment, I still keep an eye on it. I see today the sp jumped 11%, which I can only assume is related to Chinas’s latest round of incentives to support the downward spiralling economy.

Morning all,

I think one has to take what Bothwell writes with a pinch of salt since he/she has written similar, short, often unintelligible, cryptic posts before.

That said, Given that the Chinese submission delay is now a disaster and will probably not be made till the new year could indicate the end of a HK listing. One just has to look at what has happened to WEBIS these last few days (another of JM's petty cash investments). He has now been voted a board member and soon after a delist announcement was made.

I write this since there is no way RPG will receive any payment from China for a couple of years given that HK took 2 years just for an import license and which was made in their own back yard. If they couldn't get that timeline right (announced 1 year but ended up as 2) what hope have we of believing any date they give for China ?

Since the company needs about 4 mil/year in operating costs and to pay undeserved salaries - and not forgetting Jim's last loan which will be due for repayment next June, they really have no alternative.

The last financing round was a complete farce with, If I remember correctly, only one or 2 PIs taking up the placing and Jim and the A team ending up owning 60%. No way is he going to continue to invest money with no interest by PI's who now realise the CEO and BOD are incompetent (and that's putting it mildly). I don't even understand how the DLI management have not openly complained given they had to effectively repay 50% of the 3.79mill usd received to keep their 18% holding. (I wonder what lies JG and JM told them when they were first purchased - which was all a bit nudge nudge wink wink at the time).

Oh and wrt the FDA process. It's going to take a few years more based on all the previous un met dates. The only difference this time is they are selling out PI's future royalty payments since they cannot afford to run phase III and bring it to a conclusion themselves. So much for them making it apriority. They rather lose shareholder money on the DBC/DLI than finish the FDA approval. Monkey's could have done a better job and they would have only needed bananas as payment..

Anyway, in the words of Clint Eastwood. This has been nothing more that "A cluster FCUK" .

The tentacles of the company and the product are indeed expanding.

Morning The. Italian.

Yes, good news since it indicates another region, Scandinavia which would include Norway, Sweden, Denmark, Iceland and a few more. Finland being the first step with the others, I would expect, soon to follow.

Morning The.Italian.

Yes, the NDA submission should have been announced by now, but I do agree. They maybe withholding the information, particularly since there has be a spat of buying these last 2 weeks, which I assume is associated with a leak or insider dealing. It’s happened like this before.

Regarding the FDA approval, I cannot see any 3rd party agreeing to any given that a licensee isn’t willing to stump up the cash and haven’t even lifted a finger since 2014. The amount of cash we are talking about is a drop in the ocean compared to what surely can be made.

Anyway, as usual with JM, JG and the bod, incompetence rules. ;-)

Personally,

I expect its one of the major competitors, all of which who stand to lose close to a combined 20% of the market, who are behind this campaign. Think about it. The cost of paying someone to buy a box of gels and then write nonsense, even to the point of discussing lawsuits, is nothing compared to hundreds of millions being redirected to Eroxon..

The legalities slant just confirms this since its all covered from the fact that it is stated it works on 60% of sufferers.

A handful of men who post (or even women) will have little impact compared to the number being sold. I'm sure most buying the product will already know one cannot trust posts made by unknown people, especially those who are lacking educational wise...lol.

Anyway, just my opinion. I'm genuinely not concerned as it's pretty standard procedure on the www these days.

But remember. If others are trying to replicate it, they must feel it is going to make money. It’s a greedy world we live in.

The.Italian,

Exactly. FUM should be made aware of it. There is only one Eroxon, anything else is a fake. I’m surprised it’s even being considered as the same product.

And then, as we head towards………. I think it’s time for a new keyboard..