Next Wave8 Dec 2020 12:09
The share price has consolidated at the 17-18c level and last night Hong Kong Bulls issued a BUY recommendation @ 18c.
What will drive the sp upward in the short-medium term? Probably a combination of 1) EGM news tomorrow, 2) FDA news ?later this month, 3) OTC in the EU 4) Taiwan approval in January and 5) China +/- HK-Macao news in Q1. There could well be other news out of left field which might spark a long overdue recovery rally. We should also benefit from the Juvenescence IPO due next year.
We are running low on cash so the $800,000 Christmas gift from Wanbang will be appreciated. EuroPharma will also contribute with $300,000 in January (from Taiwan approval) and Wanbang will pay $3,200,000 in Q1. That is much needed cash.
The ATO issue has been outstanding for years and can probably be pushed forward again. Our current holding in VXR is valued at AU$3.5 and expected to increase next year and might be sufficient to settle the ATO debt at a later date.
Hopefully DLI will add value for Regent share holders. It is a benefit that DLI is HK based. Zhavoronkov will be a major holder from tomorrow 11 am and should strengthen our management team. It seems like a dynamic group and I look forward to follow their progress in a new field (for me).
Looking at the bullish chart and expected news flow I think we are getting set for another leg up.
Please note: current Market Cap is only $42m, so a lot of upside here (even with DLI dilution). Let's see how the market react tomorrow/Thursday to the EGM news.