goldfinger
- 01 Sep 2004 15:33
This ones a heck of a specualive investment but it seems that the institutions are willing to stomp up the cash to back it in the long term.
Heres the latest news from Killik stocbrokers on the company..........
MEDICAL MARKETING Joint Venture
We recently highlighted Medical Marketing (MMG) as worthy of attention. The company, in which I have a personal share holding, has this morning announced the formation of a joint venture, Genvax, to develop a novel DNA vaccine platform technology.
Human trials have been underway since 2001 in areas such as Lymphoma and Myeloma but the technology has broad applications in cancer, viral and bacterial infections (hence the term platform). The technology works on boosting the immune system by teaching it to identify hard to recognise cancer proteins as foreign and destroy them. Early results from the 25 patient trial in lymphoma are encouraging and evaluation of the result is expected by March 2005. Successful results should mean big pharmaceutical groups will start to take financial and commercial interests around that time.
This looks to be the first of a series of announcements due from Medical Marketing as it has a range of predominantly cancer trials moving into the clinical stage. (news flow could push the price higher)
The stock has made good progress in recent sessions up to the mid-80p level where the company is valued at just under 40 million. ENDS.
Please DYOR
cheers GF.
goldfinger
- 11 Apr 2005 01:05
- 1159 of 2444
The Sunday Times
April 10, 2005
Biotech boss demands probe into short selling
Richard Fletcher
THE chairman and chief executive of an AIM-quoted bio-tech firm has asked the London Stock Exchange to investigate an extraordinary 58% fall in his companys share price in just 10 days.
David Best of Medical Marketing International (MMI) believes the firm has been targeted by one of the Citys most colourful short sellers and that a false market has been created.
The bear raid follows the publication of a sell note by a biotech analyst at Peel Hunt, the securities house.
Simon Cawkwell, the short seller known as Evil Knievel, included details of the note in his diary, which is sent to subscribers of T1ps.com, a share-tipping website run by Tom Winnifrith.
The analyst argued that the company was overvalued but Best claimed that the note was factually incorrect.
Following a three-hour meeting with the company, the Peel Hunt analyst, Gary Waanders, issued a new note.
Although he has stuck with his sell recommendation and valuation, the analyst does appear to have corrected a number of technical points.
However, on Friday shares in MMI were down a further 18% at 172p at the close, giving it a market capitalisation of 88m.
Best said: Small shareholders have lost out. They have panicked and sold. It is our view that a false market has been created.
Cawkwell, who said he had sold short 250,000 shares in MMI at 250p, vehemently denied any suggestion of wrongdoing. He is now sitting on a paper profit of nearly 200,000.
Peel Hunt and Winnifrith also rejected any suggestion of wrongdoing.
mysunshine
- 11 Apr 2005 01:41
- 1160 of 2444
Oops. Sorry. Please ignore
chad
- 11 Apr 2005 08:05
- 1161 of 2444
UP 6% so far, lets hope yesterdays news will give investors a boost in confidence in the company.
chad
- 11 Apr 2005 08:19
- 1162 of 2444
Anyone out there this morning?
chad
- 11 Apr 2005 08:29
- 1163 of 2444
Steaming ahead now!
chad
- 11 Apr 2005 08:36
- 1164 of 2444
Buys coming in left right and centre now.
BANKONE
- 11 Apr 2005 08:44
- 1165 of 2444
Swivel Evil (Fry you son of a bitch) - Nice call GoldFinger Cheers.
Just shows how it could be done though - smoked a lot, drank a lot, slept little.
mickeyskint
- 11 Apr 2005 08:45
- 1166 of 2444
Late on parade this morning too many G&T's last night. Let's hope for a more positive day, looking good so far. Lovely day here in the south east.
MS
chad
- 11 Apr 2005 08:50
- 1167 of 2444
Not bad here up in Yorkshire either mickey. Lots of buys comin through so far, looks like yesterdays news reassured the market.
Chiva20
- 11 Apr 2005 08:57
- 1168 of 2444
Watching every step of the way Chad, Roll on 240p!
mitzy
- 11 Apr 2005 08:59
- 1169 of 2444
There could be a RNS on the 4th May when Dr Burton makes his presentation in Cambridge.
BANKONE
- 11 Apr 2005 09:05
- 1170 of 2444
up nearly 20p great - GF -With shorts if it goes the other way will it cost EVIL
chad
- 11 Apr 2005 09:14
- 1171 of 2444
BANKONE, yes. Although to my knowledge he opened his short position when the SP was at 250p so he is still in profit. It will eat into his profits though as the SP recovers and I hope it does big time.
BANKONE
- 11 Apr 2005 09:25
- 1172 of 2444
Me too chad - its despicable to even think that hes robbing his fellow investor. Not like as though he targeted the Financial Institutions - just the likes of you and me trying to earn an easy shilling - stinks doesn;t the mere thought of it. Good Luck and I'm still holding.
chad
- 11 Apr 2005 09:30
- 1173 of 2444
Yes BANKONE couldnt agree more. What Evil did was pretty disgraceful. Hopefully though people have now seen through one man's greed and will recognise the true potential of this stock.
chad
- 11 Apr 2005 09:39
- 1174 of 2444
I See SEO is up another 15% this morning. That is one hell of a stock to miss out on: it came to my attention late when it had already doubled and Im always dubious about turning up late for a party, how wrong I was. Lets hope MMI performs as well.
chad
- 11 Apr 2005 09:47
- 1175 of 2444
mitzy, I know you've posted this before but just remind me what the presentation was about in may. PS. are we expecting anything else in April? Cheers.
chad
- 11 Apr 2005 09:59
- 1176 of 2444
looking really strong now.
Chiva20
- 11 Apr 2005 10:05
- 1177 of 2444
Hi Chad,
As I understand it from this thread the May presentation will give us some progress update on the Ruthenium situation. Not aware of any announcements due in April. Barring of Course;
"EVILS ASS SPANKED AS SP CLIMBS"
Looking forward to that one :o)
chad
- 11 Apr 2005 10:12
- 1178 of 2444
Cheers Chiva.