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Well, that update was not well received by the market. Hang Seng up 784 points today and Regent down 1.23% :-(
We need an update on our DLI investment! Heimdal
Excellent timing wrt the significant increase in our VXR holding :-) certainly a sweetener.
The issues raised by Alquemie was not mentioned in the update.
I found the lack of info wrt the DLI deal and progress since then a bit puzzling.
Let's see how the market react tomorrow, I do not expect much of an impact.
Heimdal
VXR continue to rise. We still hold 23,849,445 shares which are now valued at $11,100,000 @ 46.5c
That is >11% of Regent Pacific's MCap as such we are due for a lift.
Jim, Galloway and Jamie sold 5.4m of their shares for $1.8m but we continue to hold.
Will we get a Market Update this week on China payment, Macao launch, Japan, FDA progress, OTC in EU, ROW ..?
A Market Update on DLI progress is also overdue.
Heimdal
Thank you Bothwell. I think we are very fortunate to have Dr Alex Zhavoronkov onboard as CLO at DLI.
Insilico is clearly world class in terms of AI based drug research and discovery. As a world first, Insilico discovered
a novel biological target and generated a novel small molecule for Idiopathic Pulmonary Fibrosis, which around 5,000,000 people suffer from around the world. Once diagnosed with IPF you only have abot four years to live, so this new discovery is really fantastic news. I am sure more discoveries will follow.
I noted on LinkedIn (where Insilico have 6,450 followers) that they are dedicated to taking this and several other programs into clinic, and are ready to partner with other companies on delivering new therapeutic programs into advanced stages for diseases of interest. This might well be an opportunity for Regent Pacific to work hand in hand with Insilico in this new and exciting field. After all it was recently clearly stated that "the Board believes that the acquisition of DLI will add a high-quality growth asset to the Company, which will serve as a key platform for its expansion into the health and wellness sector, (namely the emerging field of longevity medicine). M e d i c i n e! Insilico is still unlisted whereas Regent Pacific is well placed on the HKSE and could easy raise funds for collaboration with Insilico. Longer term I wonder if Jim and Jamie would consider snapping up Insilico altogether? Alex is already Regent Pacific's second largest share holder with 75.7m shares. Will be interesting to see how this plays out.
Heimdal
Heimdal
Oh well, maybe no Profit Warning this year? After all there is a limit to how much they can write down Plethora Solutions? lol
I thought Macao launch was scheduled for March? I suspect we will get the PW tonight after close but it should not have much sp impact. VXR holding up well, +3% today with ASX down 3%. Heimdal
While Hang Seng ended the day down +900 points (3%) VXR had a super day with our holding gaining AU$5.84m and the total value of our holding is now AU$8.34m so that could settle the outstanding ATO issue if Regent decide to exit now.
Regent dropped 5% on low volume (just 6m shares). Now awaiting news wrt InSilico's HUGE discovery.
Bignose, the market is down almost 900 points (or 3%) today...
Regent Pacific currently hold 23,849,445 shares in VXR which are now up 229% just before ASX close.
That is an increase of AU$5,7m today and our total VXR holding is now worth AU$8.22m.
Not sure if Regent will sell or not as the MCap is still only AU$40m
Heimdal
"We have a HUGE #announcement coming up TODAY! We will be announcing the biggest #breakthrough Insilico Medicine has ever made. We have reached a very important milestone that will have a great potential effect on future drug discovery.
Stay tuned! #insilicomedicine #news #AI #drugdiscovery #artificialintelligence #biomarkers #biotechnology #biology #science #health #healthcare #medicinalchemistry #research"
Regent Pacific currently hold 23,849,445 shares in VXR which are up 162% this morning as VXR just secured funding to develop their Copper mine in WA. That is an increase of AU$4,054,405 and our total VXR holding is now worth AU$6.6m. Heimdal
Something massive Dougie, massive - and exponential increase in the sp (I hope).
Bignose, not sure if they have reached 3% yet. My guess is that they have mopped up 50m shares by now, maybe more.
I suspect the accumulation by IB must be related to developments in USA.
Not a word from Bothwell.. well, put up or shut up!
Interactive Brokers are clearly accumulating many millions of shares. You never see them on the sell side.
They have been very active on the BID side for weeks with large orders. As IB are New York based they might be accumulating given the significant FDA progress coupled with potential speculation wrt commercial partnership in USA. Heimdal
New York based Interactive Brokers were back in the market today and instrumental in pushing the sp up. Heimdal
Indeed, clearly a black mark against TW :-(
Probably not as they were not in a great hurry to sell. Only 6-7m shares in total but maybe enough to spook the HK mum/dad pip traders as we started well at 25 - 25.5c but as soon as the 4x large stacked sell orders appeared the buying slowed right down. I do not expect any significant sp impact from the profit warning as the market is looking forward not backward and the future is looking bright. Heimdal
4x large 1.5 - 1.8m stacked sell orders by China Industrial around the 24.4c - 24.8c level probably spooked the punters.
Only one of these sell orders were partly filled before other sellers jumped the queue and forced the sp down to 23c.
Next announcement will probably be the Profit Warning, hence the sell off. Once the PW is out of the way the sp
will most likely rise again given the expected positive news flow. Heimdal
I agree The Italian. Alex Zhavoronkov is also quite active on LinkedIn. Deep Longevity is also on LinkedIn with 467 followers and 9 employees (including Norman Williams, USA, the new DLI Director of Business Development). Heimdal
"Alex Zhavoronkov. We've made a massive discovery to be announced soon."
It sounds like a short private e.mail response to me. Well, time will tell.
Heimdal