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.

Sell, wouldnt dream of it if the news I got through just now is correct and it was last time three days before the last contract annoucement. Mind it aint over until the fat lady sings. Things can go wrong at the last minute.

The news will come from across the pond. Cant say anymore. Yearly results in about a weeks time.

cheers GF.

Leaky , leaky ..... good luck all.

a placing being announced with the deal to fund a film factory in the us @ 100p

Bioprogress plans placing at 100p
Tim Freeborn
Announcement likely next week; placing at very deep discount

BioProgress Technology Internatinal(BPRG), the current punters favourite, is planning a placing next week at 100p. One investor was told he had to pay by next Wednesday.

In December the company raised 7m at 50p to fund the building of a factory to make its patented Xgel film.

The new placing is likely to coincide with a deal with a US maker of non-prescription medicines. This was promised by the end of January but has apparently been delayed because BioProgress concentrated on the link-up with FMC Biopolymer which was announced on 4 February and sent the shares soaring.

BioProgress has made a habit of raising money at a deep discount. It was floated early last year at 14p, around a third below its price on the Nasdaq OTC market. The December placing was also a third below its then price.

Late morning Bioprogress shares were down 2.1% to 135p. The company plans to post its preliminary results for the trading period from 22 May 2003 to 31 December 2003 on Monday 8 March.


http://www.moneyam.com/action/news/showArticle?id=308938

How do we get our hands on these at 1 .... ?

Have now sold all mine at 130p+. Happy to have cash in the bank, initial purchase was at 34p and at various levels up to 103p. Will watch and wait to see what tranpires with announcements/fund raising, will buy back sometime no doubt.

.... or short it.

Is that Tim Freeborn article genuine ?

Cheers

Dil:The rumour has been doing the rounds for a few days, so who knows.

Thanks , can't get a sensible answer on advfn fbb .... like a zoo over there , chuck a banana skin in and they all start fighting :-)

Well the article is on Money.am's home page so it's hard to believe it's a fake.

Well the article is on Money.am's home page so it's hard to believe it's a fake.

Does this mean that owners will be offered shares at 100p like they were in Stanelco at 3p?

I don't think so angi. If true it will presumably be tied in with various contract completions and developments to be announced before or at the 8th March results. A placing is just that, a placing of shares with large investors. I would certainly like to see a stake taken by one of the US pharmas rather than the institutions. That would get tongues wagging!

Things are certainly moving fast with this stock!

If Freeborn is correct, and "one investor" has been told he must stump up cash by next week, then it can't be a rights issue - the timescale is totally wrong. So nothing for the PI's - but then BPRG just DID a rights issue, so shareholders can't complain.

If Freeborn is correct, then it must be a general placing, probably with institutions or "sophisticated" investors.

And - an important consideration - if Freeborn is correct, what's it FOR? They put a few mill in the bank back in December for the March film plant. What do they want more dosh for right now? A little thought brings up some interesting possibilities.......

Which are? Tell us more Wendy

Let's wait and see. All should be made clear by 8th March. You either hold for the potential or you don't.

The dosh might be for the acquisition or, more expensively, the building from scratch, of a film plant in the USA.

Have recently bought my allocation of A and B warrants and now am holding on to my sizeable holding.

Chandos

THE COUNT--->ALL

I was at the conference in Oxford where Graham Hind presented. Barry Muncaster, the ex CEO was also there.

The impression I got from talking to both is that they were supremely confident and promised a few surprises.

I know this story inside out anyway....not interested in the day to day movements on this one....only interested in its potential to hit 5 plus before I die hopefully, or to get taken out.

I have a massive cushion on my own stock so can afford to sit tight no matter what. Unfortunately many others got burned quite hard...but that's the name of the game. I feel sorry for them, but anyone who bought at up to 160p would get their money back and a lot more if they had the patience to hold out rather than sell out.

Playing these games of trying to call the top or the bottom always make me laugh. We hear about it only when people get it right and it is forgotten about when they get it invariably wrong. Good luck to you all however you play this game....I just don't have the patience to try and call 10% - 20% movements either way every other week....I get bored.

I'd much rather get 500% movements right every other year.....especially when holding a very large stake before the fun really starts. Now that's when you get a nice warm feeling in your loins!!!!

Have a nice weekend to y'all.

THE COUNT!

You too Count but its the market that'll determine the price not Mr Muncaster and a box of suprises.

Best thing they could do in the short term imo is plug the leaks.

Dil