Member Info for bignose58

Probably just too difficult to go out and leave brown envelopes behind phone boxes or similar given all the C-19 requirements.

It’s all borrocks.

How they can make the offer at an all time low share price knowing that it would pick up with the guaranteed EU OTC announcement following the positive CHMP approval is disgusting. I hope the reason it’s being delayed is because they are being investigated.

And there will be another delay before they eventually pull the plug, unless they pull it tomorrow.

Just my opinion on the matter. :-)

Closed today for Chinese national day and closed tomorrow.

Jim Mellon has announced plans to take the longevity firm Juvenescence public within the next 6-12 months. Talking to CNBC earlier this week, Jim said that a number of investment banks have approached the company and that Juvenescence has identified the partners that it is interested in working with for the listing process. The company, which has holdings in businesses including Insilico Medicine and AgeX Therapeutics, will most likely be listed in the US, although no final decision has been reached.

I Still don't understand why they would breakout the DLI just to offload (that's how it appears) it to a complete nobody like RPG ???

Probably delayed....under new management, who couldn’t organise a ****-up in a brewery.......

And Jiggery Pokery is still useful in todays language and often used in post content by myself.

You can also read about Jim's Korean arrest warrant. Goes back a few years and now expired, but still makes one wonder if there was any truth.

Or even baby food when one reaches the age of few teeth.......LOL

I did post about market abuse sometime back since, as I have mentioned a few times. For me "This stinks heavily of doo doo". :-)

Probably something you ate........LOL

Just speculation on my part since, as I think you mentioned, this paperwork should be pretty simple with no reason for the delay. Also, given the 4 x delay with the Yooya deal which suddenly came to an abrupt end doesn't instill any confidence.

Also, JM probably didn't do himself any favors on Interactive Investor by suggesting that it was all JG's baby when he is connected to the proposal in several ways, much more so than JG. The last thing I would suspect he wants is anyone nosing around his businesses/investments.... ;-)

Good Morning The.Italian,

Yup, Now just a slow steady decline, stopping where is anybody's guess.

I would guess the recent circular delay has more to do with people who matter (regulative types) now paying attention due to the timing, low price offered and the sudden 4 fold jump in SP being highly suspicious.

The.Italian

As you state the funds would belong to RPG. I was just looking for some discussion on the possible outcome since the amount we are talking about will not be enough for both parties. The money would belong to RPG to do with however they want although there is nowhere near enough for both. RPG needs money for the remainder of Phase II and to commence Phase III. They also need money to pay the 2nd tranche of the ATO, which, just on its own, would use most of the 3.7mill. Then there are the salaries which would also include those of DLI who needed the 3.7mill just for their own running costs. It just doesn't make good business sense, especially since at the same time it has the effect of diluting RPG shareholders by 23%. none of it, as far as I can see, is adding any shareholder value, but instead only possible destruction.

There surely must be something in the background to compensate which we minions are not aware about because as it stands, no businessman in their right mind would go down this route. But then again, we are talking about Regent and its incompetent BOD, so anything is possible.....right ?

So, another question.

If DLI had a series A funding for a much needed 3.79mill USD to operate the company, Regent then agrees to buy the company for that same amount by issuing a **** load of shares, what happens to the 3.79mill ??? Do the investees get to keep the money which means Regent still has to find 3.79mill for DLI's running costs or is the money available for Regent to run DLI for how ever long the investment would be needed (the money can also be earmarked for other things if the CEO so wishes...salary xmas party etc etc.... :-O ?

Mind you, it’s all a bit irrelevant since they who must be obayed, will just vote it through. There are no ii’s or Long term pi’s with the % to vote otherwise since most pi shares are held by traders who have no interest in the company. Ce la vie

The.Italian,

May apols, easily missed with so much BS flying about......lol

To be honest, I was expecting it too given how much BS was flying around and how much in my mind the deal stinks.

One just has to look at the time lines to know its all a bit smelly and should be investigated (which maybe the reason for the delay ???? Speculation on my part).

According to the RPG announcement a price was agreed and number of shares to be allotted based on an SP of 0.07hkd on the 29th May.... What you may ask 2 months before DLI sought a series A funding ???? The announcement to shareholders was made on the 2nd of September (noting that the Yooya announcement and SP selected value were based on only one day apart ???

Originally incubated by Insilico Medicine IP Limited, DLI started its
independent journey in 2020 after closing a Series A financing at the end of June 2020 that
included some of the most credible venture capitalists specialising in biotechnology, longevity,
and artificial intelligence. But why if RPG had already been in discussions since the end of May ????

14th of July, 2020, Hong Kong — Today, Insilico Medicine announced a spin-off of its aging biomarker and deep aging clock business. On the 4th of July, the new company called Deep Longevity, Inc successfully completed a round of funding led by the reputable biotechnology and longevity investors. What, how is that possible if RPG had made an offer on 29th May (must have done to have an agreed sp for share issue)

In addition and as part of its due diligence on DLI, the Company has had a professional independent valuation performed on DLI, a summary of which is set out in this announcement...... Yet they agreed spot on with the funding round amount. One doesn't need to be a rocket scientist to see it was all agreed long before !!!!

Then, shareholders get the announcement...The issue price of HK$0.070 per Consideration Share represents:
(a) a discount of approximately 43.09 per cent. to the closing price of HK$0.123 per Share as quoted on the HK Stock Exchange on 2 September 2020, being the date of the Share Purchase Agreements, which is 175.71% on the 0,07 issuance price !!!!! Why wasnt teh announcement made earlier ? Why wasn't the SP chosen the day before like the Yooya deal ????

Then on the 3rd Sep we get the OTC announcement stating that the approval has been given on 27 August 2020, 7 days before the announcement !!!!

It all stinks.

And Remember, the Yooya documents were delayed twice. In the end, nothing was sent out except an announcement that they had walked away from the deal.

They don't deserve to be running the company, let alone getting paid to do so.

Too right Heimdal, your ramping certainly didn't help one bit. Looks like its legs were taken out from underneath from the start. Same Same. It did however, allow those that bought on the leaked DLI news to get at at above 0.2 which was very nicely planned.

The only thing which will really get this moving now will be a US license agreement, which could come this year or next, or the next, or the next or even the next.......Hopefully the they manage to offload the product at the same time..... one can but dream....LOL

Very strange so far today.

Dropped 5% this morning on low volume, then leading up to lunchtime bell, 16 straight buys with nigh on 2 mill shares and yet no change in SP 0.14HKD. What gives ?

It certainly makes one wonder what they mean given the otc will I would suspect occur in the E5 first who surely don’t require secondary approvals given they are all part of the EU. The UK, however, may be a different kettle of fish since won’t they no longer be a member of the EU from Jan ?

Maybe Recordati want to use the time to perform some advertising campaigns, although I’ve yet to see any evidence of it. Mind you Recordati also have never really been that clever at keeping on announced timelines, have they.