Member Info for Midas3316

Like that article and many others said. The FDA fast tracked anything that sounded good. Quote from that article . “ virtually everything qualifies” it doesn’t have to show anything amazing just a reaction.

No Latino. It wasn’t this time around that they were told not to develop it further. It was Last time around before Motif was lumbered with it.

Iclaprim has had such a poor history It’s been passed around several companies over the years even after the FDA had said that Iclaprim should not be developed further. There is still the tiniest hope of getting a million or so but that’s pretty much it’s current share price. Better odds on roulette. https://www.in-pharmatechnologist.com/Article/2015/08/03/FDA-veteran-questions-science-behind-antibiotics-fast-track

I think Latino was being sarcastic. He put a lol in there too. £400m. He was joking

Anyone know when Portage Biotech is due to resume trading after its suspension ?

Lorne has lost the report that they published yesterday. He has said he will maybe look for it in a few weeks when he’s not too busy.

Surely FFWD will get way more than US$6m for Leap. To date FFWD have invested US$4.5m into Leap and the vast majority of this was over 3 years ago. Any private equity investor would expect to at least double their money in 3 years. A sale price of US$6m would be an annual return of around 10%. They would be quite literally a laughing stock. It’s got be in the region of US$9m. or more - Hopefully a lot more, so it will get this sp moving again as I don’t see an annual report on its own making any difference - It was in black and white at last report that the NAV was 11.4p. It’s now in the region of 12p so I don’t see that making much difference. We need some decent news and soon.

Lol. Doggie read that part.
I read this part. .....
The company is highly leveraged,For 2018, the company had revenue of $3.61 billion, up from about $3.02 billion a year earlier, smaller numbers than might be expected given the reach of the business. Operating expenses of $3.72 billion exceeded that revenue number, and the company’s operating loss came to $107 million, with interest costs alone consuming $277 million.debt of $4.6 billion and total liabilities of $7 billion, according to its
A RapidRatings analysis of Endeavor’s financials assigned the company a financial-health rating, or FHR, of 32 out of 100 for 2018, placing it in the company’s high-risk category. By comparison, RapidRating’s analysis of Walt Disney Co.gave that company an FHR of 87 out of 100 for 2018, placing it in the very-low-risk group.

Yes doggo, I've no doubt. Through this and other investments I've got an interest in both. Happy to sit and wait, long term I think it will turn out to be a very good investment, along with FFWD. FFWD is in a way better place than it was 2 years back, and its cheaper to buy - whats not to like...

I think people are just impatient. People are also concerned over late accounts - may turn out to be for a reason - good ??? bad ??? Jim leaving and 2 of his other companies suspended - one for late accounts - other for 6 month shell rule. Both of which isn't a concern if you know these companies, but others have panicked after seeing that 2 of his other companies are suspended and then he goes and resigns here, along with late accounts. Looking in it does look strange, but I would be happy to buy more at this price.

Guns vanished....not sure if he still has his shares. Yes rob I'm holding -- at a lower average now

This share has always been volatile. There have been times I've sat with over 3/4 million shares and couldn't get a sell price for 5000. Always gave me a slight doubt that I'd be screwed if I had to try and get out quick on bad news. Also works the other way - try and get in on good news....that is just as hard

I think its a very good buy at this level. I would think NAV around 12p, and a few years down the line probably a few bags here
.

100k blocks - like to keep neat figures

642 posts - that was only to keep the board aware of your 641 outrageous RAMPS. Oh and your accidental misleading posts, which of course you didn't mean to post. Pmsl. Jim Mellon would fart and doggo would tell everyone Jim was now getting into the multi billion pound air industry and that we would all be part of a multi billion company. He also said DBC would be the next Clarks. He used to tell me over 2 years ago that we wouldn't see 12p again. He was right on that one I guess

Or was it Quint ?

Just Wadnob. It was funny reading the ramps even after a pathetic RNS. Saying how they were going to buy more on the bell as they were busy selling.

Doggo. The last valuation I have seen quoted for EMMAC was £77m. Like you also quoted on Twitter, and, FFWD own 2.6% which would be worth roughly the same £2m they have invested. I haven’t been following this that closely lately so I’m not sure how you arrive at your valuation of £5.3m but I’m sure you have the answer.

What’s the Current Valuation of EMMAC ?

I’ve been buying private equity and VCTs for over 20 years. You can get decent tax breaks with the VCTS if you invest at the start. FFWD is pretty much one of the smallest funds - yet it’s one of my largest holdings.