Bioprogress is a stock I have been in and out of quite a few times since it floated in May but not much mention here on the Investors' Room. Does anyone else follow this stock. I see it is up 1.5p today and a few good buyers seem to have appeared.

surely a collapse there would mean one here to since we always follow them like silly little puppydogs.

Bang on,,dil rushy 25/1 looking good now.

I aint in

dil,football 2004/2005,traders,have a look.

Finally holding at 108.....phew...

bradley007-Where to from here? possible news Tues!

Am I correct in thinking that we can expect announcement in regards recent court case, 02 Nov?

Dstorey

The next stage is indeed 2.11.04 - may not be finalised on the day though .

Ramrod, cheers...D

Nasdaq listings in America are not all they are promised to be, at least in the short term.

I learned this nearly a decade ago following Mid-States, a shell company re-named after a reverse takeover by a US car parts business. Its shares soared from penny status to 125p on excitement about its aim to list jointly on Nasdaq. The business was reporting sound profits and looked materially undervalued relative to US quoted rivals. But as soon as the listing became effective Mid-States shares dived. Having sold the car parts business, it is once again a shell.

As hopes gathered over a Nasdaq listing for BioProgress (the Aim-quoted developer of non-gelatin pills and other products) I wondered if there might be a similar effect. Certainly, this was a factor cautioning me against switching into BioProgress as its shares rose from about 100p to 130p.

After the Nasdaq listing became effective the shares promptly shed these gains. It looks like a trading rule of thumb to buy shares on the expectation of a Nasdaq listing and sell on the event - or even go short or establish a spread bet down.

A key hope with US listings is that they will attract a new range of shareholders. With a company such as BioProgress, there are sound long-term reasons for developing its profile in the US. Plenty of people here were buying its shares recently on the basis of its overall potential, not just the Nasdaq listing. But all the same, it does not necessarily follow that such a listing would bring in new buyers.

Traders should note the classic rise and fall, which has good odds of repeating itself in other shares. Long-term investors can certainly ignore all this "noise trading".

http://tinyurl.com/5r66u

Hi All

Forgive me, but as BPRG is a bi boring today, check out
CHR. Just gone through a consolidation, a few buyers this morning moved the price 10%... Like the sector.. just about to buy a few grand as
a punt...

We expecting any news on the Stanelco situation today?

Believe the case will be heard tomorrow.

Sorry to be pedantic. The case has already been won by BPRG its the amount of damages to be decided tommorrow.

Thanks for the clarification.. taxation I believe? Anyone pick up CHR,
just looking at a neat 650 profit...

bradley007: Looked at CHR after your earlier tip, IYO is there more upside and why?

Re tomorrow, having made some inquiries, I suspect that the only agreement tomorrow will be the costs payable by SEO immediately. There will be another amount claimed and disputed that will go to an independent court appointed accountant to verify. What happens next is key. Does InGel have sufficient funds or backers to meet the demands made by BPRG? In these situations the claiming company (BPRG) will want to know how much revenue has been generated by InGel using the derived patents. The cleanest outcome could well be BPRG taking all over InGel! Naturally the defending company will fight this tooth and nail, so we can expect a confused and muddied outcome, but if the Judge has reviewed the case already we might be surprised.

Any comments welcome! John

Tend to agree. Pure speculation but I bet BPRG will go for costs around the 500k level.

For info if anybody wants to go its court 52 and is in open court. I believe there are 50 odd spaces.

If anybody reading this BB does attend please file a report immediately to us on the outcome!!! Thanks in advance!

Yes please keep us shareholders updated whoever gets to go could be interesting times ahead...

John, thanks for that, waiting with baited breath...

To be honest CHR was a punt, it looked like the price after consolidation was a
bit out of kilter, so I bought for the day and sold this morning at 175, its off since. There are only 6m shares in issue so any buying will move the price... its on my watch list..

Anyone got any news, BPRG down SEO holding... Should we get a summary at the end of play today?