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.

I understand Zac Mir(is that the right spelling) tipped them to go up yesterday although I cannot confirm that he said they would return to 300p.

Well I am with Zac Mir - however you spell his name. - but would like to see his justification and who his audience is?
Thanks
Baza

Zak Mir has his own web site Zaks-TA.com which is pure technical analysis. He also works with Tom Winnifrith and Simon Cawkwell on t1ps.com. He is highly regarded and did work for Shares Mag. He resigned to set up on his own. I can't find any postings he's made about MMG but if Zak said it then you're a brave man to argue against him. EK is still short but could well reverse his position.

MS

I can't help thinking that despite Zac's tip and the rally based on technicals that this stock is highly vulnerable without news or adequate PR. I would love to see it rise to 300p and beyond but I think you're brave stepping in now. Looks very cheap but still shakey & weak to me.

I can't see any support either. Your right Chiva20. My highest tranche is 260 so I'm really in the mire and would luv to see them rise. My average is a lot lower so I can still sleep at night.....just! No news and it's going back down.

MS

Thanks Guys - I can't afford to average down any further - anyway - I am tied up with SEO - so will have to wait aand pray that MMG start a major recovery.

My average is still well under water

baza

Nice to see this one moving up but would like to see how it performs on a poor day all round before commiting further money.

cheers GF.

I'm happy I paid 131p last week after the 60% recent fall from the highs.

Not that I'm complaining but with more sell's than buy's I can't see what's driving the price. MM's playing playing silly buggers me thinks or are they after stock. These shares are tightly held. By my reckoning, based on the figures Pete168 gave, there is only about 14-16 mil in free flow. That would account for some of the volatility.

MS

i agree MS. Although buys were ahead of sells until 16.24 when two 'T' sells tipped the balance. It could be that these were the last of the protected sells as it would make sense to push them through on todays rise.
The buys today were generally all small, suggesting that larger players are waiting for some evidence of stability before participating. I don't have level2 but i guess those with large ammounts to commit can see the sell orders waiting to be executed in the same way as with buys?
Lets hope for another positive day tommorrow.tau

Right we should see how these hold up in true adverse market conditions wednesday after the lousy US finish tuesday night.

cheers GF.

And guess what? Predictable if nothing else. These just won't hold up without substantial news.

MS

Yes spot on Mickey. Volume is very low aswell.

cheers GF.

Delusions is what I said and the sp tells it so.
In late march the sp was 2.40 - now six weeks later with no RNS causing a wobble the sp is 1.40 - or thereabouts - that's nearly half.
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Well even at this level I suspect it's overvalued - with no track-record in sales (or Cash?) supporting the sp what you see is hope. The question is - Is the hope still in the price?
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Obviously......
All IMHO and I do realise that a share is only "worth" what someone will pay for it - so wild fluctuations are sentiment - but at prices such as these there will be early-investors taking a little profit here and there, fairly sure that losing a wad of shares won't affect their life.
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There are plenty of other companies available for far less with prospects and a little hope too, whereas MMG looks to me to be hope - The hope "looks" good, but until it is evaluated, it is virtually impossible to value - that's what makes me wary - we've seen it before:- Bio-shares spiked up and fall down. It will be interesting to see what price the company puts on a "Rights Issue" if one is required to provide the cash to get products to Market. But don't think that is "true-value" it will be MM -opinion as to what the Market will stand.

As to the notion that a Big Pharma will buy this business for mega-bucks......forget it. Pharmas might be mildly interested, but they need revenue "Now" and will pay a pretty penny for it; so wind TIME "on" five years after Regulatory hurdles and lots of Cash and they will be getting their cheque-books out. Isn't the statistic that 9/10 treatments fail? Can't be all the bosses are crooks, can it? No- they all believe their product is good and have devoted much of their life to it...
/
Sorry to ramble, but others said: I should do my homework - for 1 (before dilution), you got my opinion for free. Buy a few (to attend the agm, etc)- but, Invest now is not for me.

"Pharmas might be mildly interested" oh dear never heard of companys not just pharmas, taking out other companys just to junk their new inventions (stop them in their tracks) as competion is obviously not needed in the market place. Sadly the world of business as a big history of it.

Time will tell.

cheers GF.

GF

Is it time to get out of small caps?

No certainly not Mickey, but as I warned about a month or more back now we should all be looking for new positions where the companys are protected in some form to the downside by solid assets.

The momentum plays have had it for the time being and the reason Im not laying any more new money out on them, other than NLR which is a cash generative cash cow and defensive sector stock.

MMG is a one off I would suggest and as you said earlier driven by newsflow, but I certainly wouldnt write it off by any means. Remember it goes up even quicker than it came down.

cheers GF.

Something's set MMG off again..down once more. Any news??

I think that's exactly it Mr Mole - Any News .. no. Sp will continue to tank ..

This company really does need a good PR person. This is going to continue to slide untill there is something concrete to give support. I suppose this is what you get when you invest in a company whose valuation is based on hope and not assets and cashflow.

MS