Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
Brainspark is right to make this statement. I don't care either. Us LTHs want progress and results to be delivered. NIPT has over the last 2 years built up quite a global presence. We now just need a settlement to happen sooner rather than later and for the financials to show a positive improvement by way of break even as a minimum.
The marketing process will be interesting. IMO I would market this at the unsatisfied women rather than the men. I can just see the bottle of gear in the handbag or the bloke being escorted to the doctor to order or the wife/partner acquiring for "a friend". I am sure way back when on this BB, the idea of a slimline product was discussed. In any event, whilst PE may be a no-go topic of discussion in the pub......I hope that the marketing is well targeted. Maybe Recordati realise that if they get this right they may be well placed to move into other markets for RPG.
At least after years of inept management, we might have professionals on board. Hopefully, they will manage and market Fortican better than any of the guys at RP. If sales come through, IMO the SP can only move. Hopefully, in the right direction.
Unless TF believe they can make some paper profit? Nothing has surprised me so far!
I am a LTH. Over the years I have thought that we were nearly there with some clawback on my losses being possible. Like many on this BB, over the passage of time the current management have never quite exceeded my expectations. The common trend appears to be that nobody is on top of matters. I think we are at last chance saloon. IMO we should target Jim Mellon to get involved rather than think he is the next investment messiah.
I too think this is excellent news. The SP did well today, albeit I think that a lot of shares showing as a sell were actual buys. I had thought there would have been more of a bounce in the SP given the dramatic drop previously. IMO the BoD really need to prepare to win on the appeal. This is their 2nd chance. I am pleased that TF appear to have stepped up, so hopefully in the next 3 / 6 months we will see a B/E position and profits being achieved. I am unsure as to whether I should dip in and buy some more of these shares at this price or sit on my hands again.
If Illumina had won, it was anticipated that they would have simply appealed. We lost, now if we don't agree some deal, then we must appeal, or so this BB seems to suggest. TF may be playing a game, but unless TF are funding the next set of actions then our BOD should do a deal. Or come to some sort of compromise. IMO, I am unsure if we could have a situation where we allow the Judge to agree a deal, then appeal? Either way, if we do a deal, then we have some certainty. If we don't, then we build up our business. However, the Bod need to step up and quick.
This is the sort of situation nobody likes. However, IMO you have to keep your nerve. If the SP starts going down, I can only see this as another buying opportunity. I cannot see why TF would abandon NIPT. They too have their reputation at risk. If progress is achieved in the next few weeks at least we should have a way forward. PIs should hold their nerve IMO.
It would be nice to think our BoD were acting in the interests of NIPT. The issue I have is clearly understanding to what extent our main investor (TF) are calling the shots. You would hope that our position can be resolved in the next few weeks by agreement or imposed by the Judge. It is time for the BoD to accept the position and protect shareholder value.
Anything less than B/E (or even marginal losses) or positive news may not be taken well. We really need excellent forward looking news here. I think many like myself are continuing to sit on their hands until matters are concluded by the courts with some agreement resolved for the UK business. I would like a bit of cheering up to cover my paper losses!
Hopefully B/E has been achieved, or at least very close. I agree it will be interesting. I am really now looking to claw back on losses. I believe this share has quite a bit of movement if Illumina can be resolved.
Certainly not good news. However, this share had plummeted from 24p to 7/8p where the outcome of the case IMO had taken into account the Illumina claim. In the meantime NIPT have secured new non-UK markets, Yougene and created a business that looks positive. I think the market has over reacted to this news. I agree that the next few days may see a bounce. However, any appeal will be determined over the course of the next month when we have a clearer picture of what the Judge has actually stated. IMO this is a buying opportunity!
In essence, RPG attempted a takeover of an Australian mining company. They bought a lot of shares and sold many of these off when they likely realised that they were not going to be successful, but retained about 17% or 550 million of the shares held in Venturex. The shares they sold made a significant profit. From what I can ascertain, the Australian tax authorities sought the tax on profits to be paid in advance (or at least outwit normal timescales) because it was alleged that RPG were a foreign company considered at risk of not paying. IMO I suspect dirty tactics behind the scenes. This resulted in a legal action with RPG claiming that the actions of the tax authorities were illegal. I am not a tax expert, but the actions are likely highly technical and have been ongoing for years. RPG have not hidden anything about this tax case. To date the shares of this and another investments have been pledged as security should RPG not be successful with no other assets pledged. Given that nothing has been finalised for a number of years, I do not expect a resolution anytime soon. International Tax law is a minefield. If these shares start to increase significantly, it would be interesting if these investments made more in royalties than PLE or DBC. Hence, the commentary on this BB.
I read the half year reports last night. 550 million shares are owned by RP, albeit these have been given as security re tax case. So, RP do own these shares. DYOR.
To be honest, many comments have already been made by others on a possible outcome. The Directors at Premaitha will likely have been given a view by the QC and legal team on the expectant outcome, but they too will be guessing. I expect that the Directors will be very careful as to what they can say publicly. Therefore, let's be honest you too would have said the same i.e "not a clue". However, the clear decision maker is the Judge. No Judge will give any direction until he has passed judgement.
A lot of activity on this share over the last few weeks. Not wanting to go over old ground, but with Maven previously selling out for 9x investment, it still remains unclear who bought this investment. Coupled with the various comments on this BB it may be that some party is accumulating. I would also like to know from management exactly what is happening in the US and Hong Kong. We really do deserve Mellon & Co providing some serious updates.
Does anyone know why the French have delayed their approval? You would have thought that if this product was a real winner that they would be purchasing this via other countries or trial testing it in some capacity? Also, I would have thought that Eden's PR team would be updating us on the success of this in countries that it is currently being sold. Any views?
Hopefully more positive news from BOD soon. In the next month I would be very surprised if the SP did not hit 25p minimum. This is one of the few AIM shares that has a clear strategy and infrastructure in place. Eden IMO could be one of the few to really do well this year,