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He did say that, but I think he was referring to well managed companies run by honest men.

Just anticipation and high hopes I guess, not seen any news. Lots of institutions in here so maybe them picking up shares after the recent drop - wish I had too now.

I'd really like to but in reality I probably wouldn't get anywhere, but I've dropped them a couple of emails, without reply and will try to bump into one of them in the sandwich shop. No idea what we're waiting for, surely those guys are out on the road selling and not waiting for some official launch. Maybe they just haven't sold anything yet so nothing to report..

I thought we'd have some news on this by now and no doubt the delay is dragging on the share price. Their office is right across the road from me, half tempted to give them a knock and ask what's going on.

Is that right?

Thanks niepomucen. It stinks, if I'd have wanted to invest in an oil company I'd have bought shares in one. At best it shows disregard for shareholders; to take company funds and invest them in a completely different sector and in a business that they have a personal financial interest in, without consultation or communication.

Apparently so. Details are on the interactive investor bb, a couple of pages in, on a thread about the investor presentation agta did a couple of months ago.

Similar position to me, except I have now sold and taken the hit. I understand, from another bb, that agta have used a good chunk of those funds to invest in another of the chairman's african oil ventures - African Oil Logistics. It isn't what I signed up for and along with the cash burn and likelihood of placement, as well as what seems to be a lack of due dilligence in some recent land purchases, it's the final straw for my holding. Will continue to watch with interest but for now I'm out.

Indeed, fingers crossed.

I think the drop might be due to lack of news about commercial launch in the US, which was expected q1.

Most recent broker targets are 29p and 22p, not 19p.

Not seen any but news of commercial launch in US is expected in Q1 so imminent.

Why the drop?

The importance of this advancement in wound care can't be overstated. Someone I know has just lost both legs to persistent ulcers, I'm only sorry that this treatment wasn't available to him but hopefully will save many others. A massive market with a ground breaking product, not surprising the brokers are upbeat and talking about a possible take over at 10x the current mcap.

Was just about to post and ask what peoples' thoughts were on the current mcap of £100M and whether it felt a bit high at this stage. Your post kind of answers that, it clearly has much further to go, so i'll sit back, relax and wait for the sales to start in H1.

Thanks. EV/EBIT is 1.36 compared to sector average of close to 5. I must be missing something...

I know the pog has gone down but surely this is well undervalued now, the p/e must be around 2 and they've just paid an 8% divi. It can't go much lower, I'm in.