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.

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

THE COUNT--->DIL

What leeks?

You must have them on the brain boyo.

:-)

As I said, I'm totally relaxed about this....it's a great story in the making. One of the best, if not the best I've ever come across.

After raising all that money recently, I wonder what they could be raising money for this time...so shortly after the last fund raising. The mind boggles.....and the loins get warmer in anticipation. How can institutions be so prepared to support yet another funding round so close to the last one? Maybe, just maybe, there might be something interesting that the company have spotted that they want the money for.

Assuming that there is indeed a funding round....it could after all be just another bit of smelly bullshit.

I think I'm going to have me some leek soup tonight.

THE COUNT!

Enjoy the soup :-)

That's another issue that is unresolved - with Stanelco. Personally I wouldn't touch this share with a bargepole right now.

So scottie y don't you piss off and reamin a pauper for the rest of your life and leave us good guys alone in our quest to make money.

I second that nematode.

Have a nice weekend all.

Dil - can I assume you have a large short on here? You appear every five minutes with funny stories about the company and why the market should sell it down. If it is charts you are reading, they tell one story only, the trend is UP since May 2003. How do you argue that black is white? More to the point, what importance do you attach to the idea that the company is "leaky". Surely that is a fundamental issue, not a technical one. I do agree though that chartists might refer to fundamentals if it helps justify a trade :)

Only had a position once and then only for a few hours Bones. To be honest I don't know anyone who is short or has been.

Regardless of this all I've done is air a few doubts that I have and also had a go at a few plonkers who I regard as going a bit ott.

Good luck Bones but my sources are not necessarily as bullish as yours , thats life.

Cheers Dil!

THE COUNT--->DIL

You and I have not seen eye to eye on a few things recently.

But I am going to try and redress this a little. I hate to tip a share outright....I usually just post about what I am doing and why I am doing it, and where I think a share could be going in the medium term, and then leave it to people to make their own decisions accordingly.

But I think this story is awesome and I believe, in the absence of the expected announcement about a further deal, and all this talk of further fund raising (can only be seen in a positive light), that we are going to have a spectacular fireworks display for the results day....assuming we don't get any further announcements before the results.

DIL, I think you should tuck a few of these away for a year or two (even at these prices)....you will not be disappointed I'm sure. Now, before anyone else follows my advice, that is only meant for DIL. I only want one person trying to sue me if my advice goes wrong!!!!

If you guys want to knock other stocks with no real substance yet (or that may have run a liitle ahead of reality), then why don't you look at TRK, PRM, GHT, TDM and, dare I say it KTS (nah, only kidding about that last one)?

I might just get to make it on your Christmas card list with that tip.

All IMHO of course.

THE COUNT!

The Count -
just wanted to say that I (and I'm sure lots of other people) really appreciate your posts over here at moneyam and PLEASE would you post here each time you post on advfn - it has become impossible to keep abreast on the 600+ a day advfn posts
regards
Anna

TARGETS:
Expect 1.80-2.00 by next w/e if no news
Expect 2+ if OTC deal announced
Expect 1.70 if plcing is announced (IMO this would have to be accompanied by a relevant PR related to the OTC deal)

This IS without question the most exciting stock on today's market.

The blue touch paper is about to be lit.
I'm also..... "expecting the unexpected."

Though I think next Friday there may be a huge load of buys prior to results on Monday.

The above figs based on what people have said on various boards and my own limited research.

Regards Nematode.

Thanks nematode I just give an honest opinion and get told to piss off. Posters like you give bulletin boards a bad name.