Member Info for eshaitan

Um, they just got rid of the last lot. I know the Chinese are on board but the cultural revolution at ecr doesn't demand more blood. Let's see what the rest of the year brings. I hope they don't waste more money on Argetina the grades are too low. Get rid of that and stick to Australia. One thing that did stick in my mind from the last ecr interview, the existing licences were valued at 10 million dollars. If they sold everything, returned all the cash to shareholders and sold the company as a shell to someone else then most new shareholders would be in the money from that.

Maybe, maybe not. This one isn't going to be a quick trade, it's s long term investment based on the phase 3 trial so if I'm down in 3 or 4 years so be it I will sell them then. My main holding is in glaxosnithkline, aim shares are too risky, but As the company is 55p certain episalvan will pass trials then on a risk/reward this looks good. My niece has dystrophic EB, I'm just glad these treatments are being developed.

I picked up another 6k's worth. I want to get a few more but it keeps going through to negotiated. Maybe later

Sales of over 5.2 million for h1 will be very welcome and I'm very relaxed they will achieve that. The only possible downsides could be higher than expected costs from marketing or slower than expected penetration of markets. Hopefully they will also give an update on the Episalvan trials and how many people are now enrolled. On a risk/reward basis for Episalvan this looks very cheap. I will have one more top up before the results are due, especially as the share price has drifted the last few days.

Very insightful I didn't realise the drugs cost that much. I like that the results will be coming out on a Monday morning and released in a timely manner. It's very professional.

Thanks for that. I didn't realise an rns was out after 7am. It will be good to get an operational update.

Does anyone know when they are out? Last year it was mid September.

This is falling on lack of news, but h1 results can't be far off now

If there was a potential bid, even an early stage one they would have to had issued an RNS. Even if they thought it materially undervalued the company. I agree with Smith76 if they thought it was worth that much they could have snapped st least 10pc of the shares up very cheaply on the open market to pick up Myers stake, so pretty sure there's no smoke or fire there. Nice to see the share tip, but it's one of many so not sure if there will be a big impact. I personally think Myers is out, there was only one sale of any significance on Friday.

I figure if Steven Myers was dumping the rest of his 6 million shares in the last 4 weeks he should have finished about now. Hopefully dumping 10pc of the company was the only reason behind the share price retrace. I bought 250000 shares odd yesterday. I'm hoping the seller drys up, let's see what happens.

My average is in the 13's as well after several average downs and I'm probably too exposed here now. I think I'm going to wait and see as what happens rather than buy more. I think the problem Erik has was Reynolds podcast at the end of last year where he seemed confident sales to China in q1 and I think breakeven 6 months after Uk/Eu sales started as well. That email Erik sent saying he will be less frustrated when investors and company's expectations of communication are aligned. My expectations were we would meet the timetable. When that slipped so did the share price. We were in the 17's 3 months ago that's a big big drop. I accept there is nothing they can really do to speed up the eu/uk accreditation but I do expect more from China soon. More distributors and one million more in sales in the next 4 months. If they achieve that as a company this will fly again. If they don't 11p may look like heady heights. There is no use the company putting out statements that look desperate and don't say anything. But say nothing for too long and investors just assume there is nothing good to say and will jump ship. It isn't big sales that is moving this it's a slow trickle of tiny ones. It's a bit frustrating.

I bought some as well 4kandles, it's silly season for the markets at the moment. I was just reading through the end of year report again and I still think it was pretty good. 900k more sales in 2017 than 2016 but cost of those sales only increased by 300k. This is a good gearing play on sales if you think their revenues will increase significantly, which I do. h1 revenues last year were 1.2m, and h2 were 1.5 million and all existing clients were retained. So minimum run rate this year will be 3milion even without new business coming online, which it will. Costs coming down with savings to be made on licensing and a pretty fixed cost base. I'm going to top up some more at these prices before the weekend and am looking forward to the trading update. The company should be profitable or very very close this financial year, it has to be worth more than this.

I just see a very interesting share. If the bears are right this will be history in very short order. If the bulls are right this will at least double. Game on.

If that happens I wish you all well. I don't like seeing people lose money.

People like that are fantasists they never lose money. I see he was Boasting about making money on quindell with the slater and Gordon bid. In other words he got very very lucky as should have been wiped out. I'm living in Australia at the moment and the fallout from that fiasco is still in the papers. Just a couple of minutes nets see what telit says.

Agree This should be suspended first thing pending clarification. The best part of 50 million gone in 6 months and payables outstanding through the roof. Fraud or not this is in big trouble. But fraud would explain the massive cash burn if some of the sales were made up. Being a bear is a brave call, but I think anyone that is will be rubbing their hands in the morning.

the guy putting his house deposit on this one sold out on Friday. Winnifrith has a nose for fraud, I wouldn't go against him. Lets see what happens Monday

Probably because Tata haven't come online yet with products and the company still isn't able to break even by opening more sales channels. I think it will happen and this company will move quickly into profitability when it does but people get bored from lack of news and chase other shares instead.

Reading the posts today I think the CEO leaving is s sideshow as other management has stepped up to fill his place in the interim. Fraud throughout the whole board is very unlikely, so I doubt any more bad news on that front. What no one has addressed as far as I can see is what is the current cash position? Th cash burn in h1 was extraordinary, why will h2 be any different, especially when the trade payables increased so much? In summary I doubt any fraud will be found here, but unless the company starts to generate cash it's screwed pretty fast or needs to raise extra funds.

Just an observation, no position. But if they are burning through 6 million a month and can't raise money then why close now? It's interesting to watch the one!