Member Info for bignose58

Probably because of whats been written here about incompetence and decimated SP. Some employees still reads this board so I can only assume they have relayed the discontent.

Operations Update just out.......

Or. Given the recent volatility, they were hoping to drop the share price to 0.065HKD by trading one share...... ;-)

Maybe cos of the lock-down it means...."Wanna meet for coffee, but dont tell anyone"....LOL

One share buy or sell (doesn't say either way) at 09:35. What does that mean as its worth only 0.065HKD ???
Only the MM's would do this as it would cost much much more just to make the trade. ;-)

Secret messages, but on the wrong ticker ?.....LOL

I would suggest that instead of them harping on about modelling projections on the the ED market, they actually carry out an online survey on who would have the balls to buy the product, especially after the fiasco in the EU. At least they would have more meaningful figures than just speculative assumptions.... ;-)

So, please excuse me if I take all you have written as meaningless, which I assume came from the company... ;-)

Bothwell,
They keep writing about the US etc, however. They certainly appear to keep dragging their feet and have no clue on timelines. One would think that if they were so confident on the US, they would spend more time in getting dates right.
As mentioned before, on the 11th March PLE announced an "FDA have unambiguously defined a path to a successful submission of the New Drug Application for PSD 502".
This is now over 6 years ago. It surely doesn't take that long to sort out phase II. Every date they have given has been wrong, the latest being the completion of phase II. ts inherent, they couldn't even get the Recordati, HK launch dates or China submission date correct. Its managements incompetence.
They also go on to state that "The Company sees a significant potential market opportunity for PSD 502 both in the United States and EU. Based on the Company's internal modeling and pricing input from its US marketing consultant, the Company forecasts in excess of US$1 billion per annum peak prescription sales.  It therefore sees significant value in PSD 502 for the Company's shareholders and correspondingly, management is to looking to unlock that value as quickly as possible through bringing to closure negotiations with potential marketing partners.  In this respect, the Company has received several expressions of interest for out-licensing PSD 502 in the US, EU and other territories.  Negotiations are at a more advanced stage with a number of potential marketing partners and the Company is hopeful that an announcement will be made in this regard over the coming months"
Given that that was written all that time ago, where are the US license agreements? Even a Chinese license agreement has been signed, which was not even on the cards until towards the end of 2016 (no big achievement since we still have another 3 to 4 years to wait, but at least the Chinese have committed). Where is the potential in the EU which they were so confident about? They did no market research in the EU and they have done absolutely diddly squat for the US. Instead, they keep paying an incompetence salary of 8% of the current market cap to someone who doesn't deserve it.
In the PLE 11th Nov announcement of the same year (after the unambiguous FDA agreement), they stated "Clarifying and confirming the anticipated timelines relating to the NDA filing and potential approval of FORTACIN™ in the US. The Company expects to complete the filing of the FORTACIN™ NDA incorporating the new can size (6 doses, 3 sprays per dose) by Q4 2015 /Q1 2016. Once the filing has been made the Company anticipates a 10 month Prescription Drug User Fee Act review with commercial launch in the US expected in 2017'.
Now adding the extra year for the change to the 12 dose canister, means we should have launched in 2018. Instead, we wont be launching till 2022', 4 years on and at an extra 6 mill USD in salary. And we wont even be launching with the 12 dose can, but the original 20 dose !!!

That’s about 3 days of some forward motion. Still Low volumes, but some positivity, however. I do wonder why ? It’s not like any news is due that would give the sp a good kickstart.

Keith, you are not wrong there given they have statements, some fraudulent, about entering the CBD market, having other pharma investments. Aiming to become one of the largest pharma investment vehicles in HK and will return shareholder value. Instead we have capital destruction, only one product which they seem to have no intrest in getting to market (the US timeline is a joke and constantly changing). What has happened to the US licenses that were in the final stages of being made all those years ago ? Its nothing but continued incompetence. But then again, if I were to be paid 1.5mill us dollars a year which I would lend back to the company with interest so they could pay me my salary, I wouldnt want to do much work either. I thought there was no such thing as perpetual motion ?

The.Italian, I too was expecting a few last minute sells, but surprisingly we received a few last minute buys. Still a long way to go though.

Although there is news expected, one can only go by previous history and not expect anything but bad news. China delayed, Recordati failure and HK/Macau delayed (I wonder what happens now given the current situation - This was one of the most wasteful and disastrous events, apart from the DBC) I wonder what Orient have actually achieved in the last 18 months ? And I wont even discuss the EU resubmission since they will probably **** that up too.

Well. It certainly has held up so far (up 4% at this moment in time), even with the markets generally in the red doon. Lets see how things pan out when the fat lady sings at 16:00hrs... ;-)

Yup, I’m sure you are right. Doon again tmrw.. :)

Personally I feel its manipulation given that one minute there are many sells with no impact, then suddenly a single 10k sell with a 4+% drop.

It gets pushed up 30% for buys, then a few sells it comes crashing down. The automated matching system must have a bug....or an override button....honest gov, I slipped and my finger fell on the button. ;-)

Well yet more jiggery pokery....... Up as much as 30%. 3.5mill buys and 2.2mill sells, then a 1 x 10k share sell 40 secs before the bell dropped it to 0.71 (4.4% up)........ Honestly guv, I didn't see a thing..... It all just happened so quick........ LOL

Yet another P & D ?

A high of 0.09 this morning on 3.64mill shares traded (29k GBP). Interesting to see how the afternoon goes.

The.Italian

That will be the norm until JG is sacked for incompetence, China pays its wonga, EU sales go through the roof and a US licensee buys the product outright for at least 300mill squidaroonies.. That reminds me of a lyric from one of ABBA's song..."I had a dream...." LOL

I'd guess someone just selling out, although its really difficult to understand how when no one is buying. matched sells and buys and all that.

If one had spare cash and had invested around mid march they'd be up over 100% (take BOO for example that's over 200% up). Games workshop is another and even ASOS. Just amazing how share prices are manipulated by the city boys at a touch of a button since none of these companies saw anywhere near the number of shares required to drop them by that much. The whole system is corrupt. There was no reason, apart from running scared, that within 6 weeks BOO's value dropped from about 3.6 billion to under 1 billion and now its back up to 4.5 billion. Tell me I'm wrong.

In expectation of yet another profit warning in a months time. And still JG is getting his 125k monthly salary.

And a last minute buy at 15:48 of one truck load of 10k and its back where it started....talk about manipulation.

Hi The.Italian.

They did offload some to go towards it. It surely cannot be just the C-19 that made such a significant drop....maybe it was the selling that did it.....LOL.

Not looking good for HK now. It wont be long before it becomes part of the whole, but will that cause a mass exodus of all listed companies. Maybe that's what RPG meant by more liquidity........all companies leaving and no longer any point in keeping the HKSX....... :-)