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.

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...
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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

I think it was you MS who mentioned earlier in this thread that this was a screaming short when it was around 250 ish. It'll be a screaming buy soon but at the moment its built on hope and promise so it's bound to drift to at least 100p. I'll probably top up then.

Yes mickey i agree, i sold out some time ago and have been looking for another entry point , but i can't see one in this market . As soon as they can come up with something more solid (news) ill be interested , but your right they need good PR..JB..

My problem is I'm fully invested, so I can't take advantage of the fall. But even if I could, I would probable wait and watch for a while. Falling knives and all that. G&T time me thinks...large ones of course.

MS

In for a 1000 shares @111.3p...!

Mitzy, how far do you think this will go Down..........I'm in already and hoping for a move northward

I have had to keep away from looking at my investments but i`m back and guess what just when i thought it couldn`t get any worse! it just did!!!
What the hell is going on here?
Come on Mr Best your not short of a bob or two show the city you have faith in your own company and buy some shares,that might just give the share price some welcome relief and me at the same time.
DB66

I don't think he'll buy anymore as he holds 12.5 mil of them. No news and down it will go on a day by day basis. But if we get news then this position could well reverse very quickly.

MS

I agree mickey any news and we could add 50p in one day but with no news it will fall to 100p ish...all small caps are suffering at the moment but MMI has fallen more than most.

is there anyone here bought above 250p and still holding? Here is one... :_(

From the other place. Please read it and take hope he's bang on.

kenmill - 18 May'05 - 18:16 - 5620 of 5620


All this unrelieved gloom following the unrelieved euphoria on the way up to 3 is rather ridiculous. Absolutely nothing has changed in the intervening period. The company came out with some good news regarding the apparent positive effect of a drug in phase l/ll trials. People got too excited on the way up and, because a city shorter picks the company for his latest hit, terminal gloom descends on the way down. Simon Cawkwell picked a perfect share for shorting. Good news causing an over-extended price and the knowledge that there will be a sizeable gap before the next news - perfect. What is ridiculous is the talk that the company is now almost worthless. The trial results were very positive and it is reasonable to expect the share price to contain an element of hope. The exact size of the hope element at this stage will vary with sentiment but that does not mean the company suddenly has no future. Simon will stay in for as long as he senses scared punters. Once they have all gone or find confidence and the selling dries up, the price will stabilise. This could be at any price, depending on how agressive SC is and how scared the punters are. In due course the company will come out with further results and, if positive, the price will rise again and all this will be a memory. A pleasant one for SC and an unpleasant one for all the punters scared out of their shares at a loss.