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.

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.

No mate,if you are not interested in BPRG then why hang around with negative posts which add nothing to the value of this thread,however if you've got something to say from your time spent researching the company then you are more than welcome to do so.

I am interested in BPRG, otherwise I wouldn't bother reading this thread. imop the price went up far too quickly and when it fell like a stone a lot of punters got their fingers burnt. I was thinking of buying back in but I'm not convinced that now is the right time for various reasons, the situation with Stanelco being one. Also I think if you have, in your own words, done " limited research " you shouldn't make assertions like " the blue touch paper is about to be lit", and " this is without question the most exciting stock in today's market". I do agree with you that there may be a lot of buying before the results on the 8th, but how the market reacts to these results is anyone's guess.

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 3.9% to 132.5p. The company plans to post its preliminary results for the trading period from 22 May 2003 to 31 December 2003 on Monday 8 March.

Goldfinger - Good call on 04-02-04 you have inside info;?
Results 08-03-04, where do you see BPRG by mid year? tia...

Cheers Count , I'll drop you a line next week but in the mean time my tip for you is .... Arsenal for the league :-)

THE COUNT--->DIL

Some bloody tip.

I think I'm going to throw up now that you've mentioned it. Who can catch them now?

THE COUNT!

Hi chartist2004, I never like to give or set price targets, thats up to the market. One as to ask though if this news from Tim Freeborn is correct what is the new money needed for???????.

A, they are running out of working capital since the rights issue before Xmas,

B, they are working together with a large US company in partnership on some further big capital project,

C, they feel they need to refinance the balance sheet before a whole raft of deals after the results

D, It maybe a combination of all three above

Perhaps the line where Tim says one investor was told he needed to pay the money before wednesday is the big give away, surely this means news will be forthcoming not wether, but that the deal as been done and that the news will be out in the Public Domain by at least Wednesday.

Personaly for myself, the sooner the better, as all this speculation doesnt do much for the blood pressure. Having a look on our competitors site one can only describe it as a nuthouse.

I still feel very confident and have indeed heard news that there is no need for panic, not that I ever did feel need to panic.

Some have called it a leaky stock on here, but come on lets face it the leaks are coming from punters, and not investors or the management.

Good luck to all.

cheers GF.