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.

Fred , ignore who or what is buying and whether the 1,000,000 is a buy or sell etc and concentrate on the price action.

That imo is the best indicator and I still don't think we have seen the bottom.

Not before time, Graham Hind kicked out without a thank you in sight!

http://moneyam.uk-wire.com/cgi-bin/articles/200504291405017340L.html

Dil Partially agree, but like to see volume and price up before I buy or sometimes opposite when I sell. Also prefer more than two birds in the bush.
I think that BPRG are trying to sort themselves out, but still would like to know what the real problems are. I am glad they have about 14Million is cash (I think and hope that this is so.) For now I am holding a few more than I wish I had and accept it is a Punt. (My favourite Kick.) Below just announced:

BioProgress PLC
29 April 2005


Press Release 29 April 2005


BioProgress plc

('BioProgress' or 'the Company')

Director Change


BioProgress plc (AIM: BPRG; NASDAQ: BPRG), announces that Graham Hind has today
resigned as Chief Executive Officer and Director of BioProgress.

The Company has appointed Richard Trevillion, currently a Non-Executive
Director, to act as interim Chief Executive Officer.

Richard Trevillion joined the Board in February 2005. He is the founder and CEO
of Amity Partners Limited, a principal healthcare and technology finance
business which has been responsible for numerous transactions since it was
formed in late 2002. A qualified solicitor, Mr Trevillion began his career with
law firms Lovell White Durrant and Simmons & Simmons, before moving to corporate
finance where his senior experience includes being co-Director at Arthur
Andersen responsible for their healthcare corporate finance team. Mr Trevillion
then became Head of Healthcare within the technology corporate finance group at
Close Brothers Corporate Finance in 2000.

The strategic and financial review, which the Board announced on 13 April 2005,
is continuing.

Good luck Fred , think they may uncover some more crap before the "strategic review" is completed.

Ideal time to blame everything on the old management and bung a load of write offs into the accounts and start with a clean slate.

Inclined to agree with you. Mangements are like Politicians - all smiles when it's going well, but a whif of wrongdoing and the knives are out. When the sp recovers the new management will claim all the credit, yet it is their attack on GH that is causing many to sell.
The Rewiew promised soon will also be a time to watch how the Management is to be trusted. GH will no doubt be blamed for things that he never touched, but that's the price these very-well-paid Directors have to accept.
Maybe now we can see some Contracts and follow-thro' sales - a regular income would do wonders for the sp. - but I suspect we'll see lower sp before too long. I hold for now, just hopt the Review is balanced and forward-looking.......oh deary me.

Seems to me that GH might have run out of his credit card limits and may have been drawing cash from company. LOL

So you will not see much left of 14M cash

You seem to know him well,............. think I know who you are>

ttt

Just catching up.

You haven't missed much Al , still a crock of sh*te ... 22p next stop.

22p? You're an optimist, Dil. ;-))))

I've got 15p pencilled in if we see a couple of closes below 30p. 25p looks a fairly immediate target for sure. On the fundie front, there's gonna be a few more "bad news bear stories" popping up before she's a good investment methinks.

You may be right. Are you shorting it. I wouldn't.

Fred

Not short, but would certainly consider it if the above crops up. Really don't think we've seen all the pain here now. It's unfortunate for many, but such is life.

I did when it bounced up to 45p , closed a couple of weeks ago.

Next leg down starting , uncertainty over the ongoing "strategic review" aint helping the share price.

Can anyone explain the rise over last couple of days ?

Big Al - Do you still stick with your 25p immediate target assessment from 11th May 05.

Comments appreciated

Very good news on its way:-)

please expand on that sam24... where do you get that from, are you ramping... at leaset give a reason why you think very good news is on the way??

All I know is from a relable source, no ramping intended.

P.S I was tipped yesterday, that's why I bought some today.

Ok, I don't hold but will watch, into SEO at present, what a couple of days we've had over there.

Thanks for posts Sam24 and AdieH.
Sam24 - Hope your reliable source proves to be just that. I am new to this game and got a little burnt on these buying at 74 in early Feb. Bought again at 34 in April so hoping for a bit of a bounce back to cover my losses ( I know this can be risky !!! )
Luckily also hold SEO AdieH which has been nothing short of fantastic for me.

BPRG up 16.42 % As Peter Sellers would say. Very interesting.
I wonder if there is any takeover approach. They are having a financial review and ? based on that review it is possible.
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(AFX) - BioProgress PLC said it is undergoing a "thorough strategic and financial review" as a result of poor trading at one unit and expected increased overheads.
The group, which provides delivery mechanisms for the pharmaceutical oral dosage markets, said current trading levels at its BioTec Films subsidiary in Tampa are not as strong as previously anticipated and are unlikely to reach levels indicated in previous announcements.
Wednesday, 13/04/05, 08:31



(AFX) - BioProgress PLC said that Graham Hind has resigned as Chief Executive Officer.
The company has appointed Richard Trevillion, currently a Non-Executive Director, to act as interim Chief Executive Officer.
The strategic and financial review, announced on April 13, is continuing, BioProgress said.
Friday, 29/04/05, 15:10

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