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.

Bones,

A question!

If another contract deal is coming, why are they doing the placing first?
Surely it would be better to deliver the contract news, let the price rise, THEN do the placing?

Normally a price drifts back towards a placing price, which must surely mean we are going to go backwards here then? Maybe a good few will sell to buy back in cheaper later? and who can blame them?

This looks like a trader's dream in the short term, and not why I invested.
I would have preferred a 120p placing price personally.

Scottie and Dil,you have alot to learn about the stockmarket.here is an article from another bb which may help you to understand.

There's much talk of a placing, and much expectation for the need to raise the significant amount of money.
Could it be that the MM's have played the tune for their 'rats' to follow?
It is my opinion that the MM's have meticulously moved the price around during the last few weeks with such precision, one could almost read it like a script.
What is the likelihood that the retracement, which caused the price to fall back to below 1.10, was nothing more than a move to accumulate stock, and in no way connected to a placement?
Since the retrace, as I have already made my opinion known, it would seem that the MM's have kept the price under tight control. They may have allowed it to increase enough to sufficiently regain the investors / traders confidence in the future movements of Bioprogress; although not enough to make it too obvious as to what the near term future holds.
Proof of my thoughts, has been demonstrated this week by many posters who openly expressed their confusion and consequent un-certainty with regard to buying in before yesterday, or waiting until Monday morning, (there being a possibility of another retrace).
My thoughts are that it is possible for Bioprogress to already have 10m for the purpose of an aquisition. There is no public knowledge as to whether any money was paid up-front when the deal with FMC was completed; but it remains a possibility.
Furthermore, it is aslo a possibility, (and in my view a probability), that certain information is circulated with the intention of city folk, posters and journalists spreading the word. For example, if a 'rumour' was to be circulated around the city, BB's and the world of business journalism, with regard to a placement, then it would generate much chatter and inevitably some degree of expectation.
There is a strong belief of many shareholders with regard to the future growth of Bioprogress, (more importantly the share price). Considering this belief and the influence it obviously has on many other investors, then the MM's would need to restrain it temporarily, if they want realise a truly massive reaction on Monday.
Maximum exposure will not only benefit the MM's, but more importantly the publicity of Bioprogress.

My expectations for Monday morning, for what interest it may be to some, is that an extraordinary spectacle will un-fold that will result with the word 'Bioprogress' being heard, read and said everywhere for some time to come.
With regard to prices; well, how long is a piece of string?
I could easily speculate as some have done already, but in truth, regardless of the fact that I have little experience of the stock market, the story of Bioprogress and their future, is not something that many would agree to being comparable to any other business model.
Bioprogress is quite simple unique.
So, as 'Poorold' has mentioned it is more than possible that the opening price could be 2, or greater.
What an impact that would have on the markets!
It would certainly make any price control that was possibly experienced over the last few weeks, worthwhile for the MM's, (and it would explain why the MM's marked the price down on days when the buys outnumbered the sells).

Very much looking forward to Monday...

By the way guys,i was NOT ramping but merely putting through the views of a company that is going places,unfortunately I don't have the powers that the mm's have.We shall see who wins in the end boys but I hope both of you ie Scottie and Dil come back to this thread to apologise and just not disappear into the abyss.

Andy,maybe the urgency required to fund some deals hasten the financing now, rather than later.

THE COUNT--->ALL

I just posted the following on a BB on the 'other side'.....


THE COUNT--->ALL

I have to agree with NICK2412's posting....many of us are hardly posting now because there is nothing much more to say. The feet are up, and we are awaiting the progress report of what we hope will be a long journey to the stars.

I guess I too should comment on what I think will come with the results.

But before I do, I dug deep into my bad memory to pluck out some of the clues that Graham Hind has left behind, either at the EGM or at the Oxford conference.

Three things that really stand out....

1) I asked him if newsflow was about to stop for a long time after the first couple of deals. He said that they were very active, the funds raised in the initial placing had really allowed them to start to activate their potential and all sorts of people were now keen to talk to them. The newsflow would remain strong because a company like theirs, yet to generate revenue, needs strong newsflow.

2) He also noted the vast importance of generating revenues....sooner rather than later, and he did say that if anything arose that would accelerate that, the company were in a position to act if the right deal came along. But that was in December.

3) In his presentation, he spoke of the need to try and 'surprise' with any results announcements.

I have to add that I also heard last week, from my own broker, that an institutional placing had been done and it was comfortably put away. My broker tried to get some stock for clients but, I found out late on Friday, it was to no avail. So, if this is true, then it doesn't exactly indicate that there was much of a struggle in getting the placing away. They spoke of a placing at 100p, but others have spoken of 110p....I obviously would be happier with the latter.

I am more convinced that a placing has indeed been done because of the uncharacteristic actions of the house broker over the last couple of weeks or so. For the 1st time since flotation, CS have NOT led the share price one way or t'other for any notable length of time. I personally believe that they were stung by the fierce criticism of their actions and have opted for a neutral role this time round so that they would emerge whiter than white. I do know that they were aware of much of what was being said on this board.....and their actions indicate that a few cages may indeed have been rattled.

But, as has been said already, this placing, if it is confirmed to be true (and there really is no doubt now), is to be used for something that should 'surprise' us. It is obvious the company have spotted some sort of great opportunity in the markets and opted for a quick placing rather than the slower process of a rights issue.

I eagerly await the news of what this was for. But I believe it will turn out to be extremely value enhancing for shareholders.

I would also stress that if this money was to be used for any kind of working capital rather than an acquisition (I am 99% certain this is NOT the case), it is extremely unlikely that institutions would have parted with cash at such a price so shortly after the last fundraising. The answers really are out there for people who can put 2 and 2 together. In fact, I would say that I would lose faith in this management if that were even remotely the case....but I really doubt it.

Another thing that I would like to add to any doubters of this stock. Forget all the endless crap that is written and look at what is actually happening in the field itself.

a) First of all, the rescue rights issue at 16p last year, which we have heard was 10 times oversubscribed. Institutions must have seen something they liked. The stock opened in the mid 20p's on first day's dealing.

b) Then we had a second placing less just over half a year later at 50p. The price went down to the low 60p's as a result.

c) And STILL LESS THAN A YEAR LATER, it now looks as if we have another placing at 100p - 110p.....and if what I am hearing is correct, that too was comfortably tucked away.

Let's tackle this two ways.

Firstly, as was said by another speaker at the Oxford conference, it is absolutely normal practice, in a placing to discount the actual price to a degree so as to give institutions a little 'Brucie bonus' (to our American cousins, that's an expression used over here from a game show that obviously means giving people something extra as a bonus) for parting with chunks of cash.

In a raging bull market, I have no doubt that this placing would have been done at the market price or actually at a premium, but sadly, those conditions are no longer with us so we have to be realistic. It does make you wonder though, that with such advantages, why institutions are such arseholes when it comes to their overall performance.

Secondly, in markets that people still do not feel really comfortable about, we have institutions getting involved in 3 separate placings with over 600% difference between the price of the 1st and the 3rd, in LESS than ONE YEAR, with a stock listed on the AIM MARKET.

HELLO everyone, wake up and smell the coffee!!!!

Whatever happens on Monday, those institutions are seeing something that they believe is more than a little worthwhile. They wouldn't be putting up their money AGAIN at such a valuation for nothing or because they believe the price is overcooked.

Now, those with other agendas, will try and paint a different picture, but what I have just said is what is ACTUALLY happening in the REAL world of finance.

I also said in earlier posts that I am relaxed about what comes out on Monday.

We know a second licensing deal is close to being signed off, if not already. I have learned through my own direct experience with smaller companies at listed and unlisted level, that the expectations of the closure of such deals run away a little, but they invariably do get closed.

If we have yet to complete the deal, I expect to hear that closure really is imminent and to get a progress report.

If we go back to previous company announcements, it will be obvious that there are other potential partners out there that we have heard nothing of because the recent noise has centred around HH, FMC and now possibly PERRIGO?

But there are others too....such is the promise of this company's technology. Some of these are rumoured to be big pharmas....each in the TENS OF BILLIONS valuation range. I would really like to hear a little about what is happening here....because there is still an awful lot to go for there.

Basically, I am just after an update with real substance to make me comfortable to go on holding such a large amount of stock for the next few years, no matter how short term traders react on Monday and Tuesday.

So far, this is a fantastic story as has been evidenced by some savvy (and honest?) investors on this thread, by the signing of real and significant deals already, by massive buying from an ex - director and founder of the company, and finally, by 3 institutional placings (well, one of those was a rights issue) at ever higher valuations within the space of less than 1 year.

I think I will be smoking a large cigar with my early morning cup of tea on Monday. For those who have patience, most of the real rewards are yet to come.

Have a nice weekend folks.

THE COUNT!

Nematode,

You may well be right, but surely if said deals were close, they could raise some bridging finance rather than dilute existing shareholders at such a low price?

Now some people on the "other" bb are mentioning a 110p placing rumour, rather than the 100p one last week, which is slightly better, we will have to see I guess.

Count - thank you for your coherent summing up of the present position - much appreciated

nematode perhaps I have misjudged you. How could I ever think you were ramping?

17/2 "Well this baby is going to breach 2 by the end of this week."

17/2 "The only way is up!!!!"

19/2 "Progressing very nicely. Must be a big day tomorrow!!!!"

25/2 "Once the X-Gel packaging machines start working on production without serious difficulties, it will already look like Stock of the Year - and three or four contracts down the line - Stock-of-the-Decade - if not by then contender for Stock-Of-All-Time."

28/2 "The blue touch paper is about to be lit."

29/2 "This will rocket this week."

29/2 "We will be there to mop up cheap shares,there's money to be made!!!! This is called the generation of income!!!!!

2/3 "Just holding it's own before the fireworks fly. I expect a lot of buying towards the end of the week particularly Friday in anticipation of what's to come on Monday.....gee I'll have to take time off work on Monday!!!!

4/3 "Looking forward to a nice day tomorrow!!!!mm's have been beaten and tomorrow they won't be able to get any cheap shares as people look forward to the results."

Excellent post once again Count, hope your right, with the placing your suggesting its more to do with a possible acquisition! Any ideas who the target might be? I havent picked up any details on the other bulletin boards!

Regards
AdieH

nemotade I aint going anywhere to the disappointment of many and your right you aint a ramper just a prat.

Di and Scottie,I stand by my mails.I can't control the mm's.We will see who the prats are!!!I hope you will still visit this thread and eat a big humble pie when the the moment arrives which will be Monday!!!!

Remember the old adage "you've got to be in it to win it"

And you Bozo's can cry pauper as much as you like!!!!!

When you've been in since 85p.....then I suppose i can relax and smoke my cigar!!!

nematode

What you want me to eat humble pie for ?

I get custard with it ?

What post don't you like ramper ?

Your just a wind up merchant , good luck , you may need it.

Blimmey you lot are acting like spoilt little children, lets just keep these posts to what we are all interested in, which is logical and intelligent posts that may help us all make a little money.....

I agree with you Adie, we dont want to go the competitor way on this board, please lets not start. Its horses for courses, if you want a slanging match guys, arrange a suitable time on the competitor board.

Best of luck to everyone on the statement in the morning, wether Bull or Bear.

cheers GF.

Im i missing somthing? but all the signs are for long term groth
(over next 1 to 2 years, and onwards)

why all the 'quick kill' talk

take a step back

Hold

1 year from now people will wish they got in at the 'current' top 160 ish
never mind 50/60p that some of us got in at

I am holding NO MATTER what happens Monday

Agreed aqaF, please check out my post yesterday, its the longterm that counts for investors. Gamblings best done down the local bookies or casino.

cheers Gf.

Very true aqua,1.60 will be a distant memory...probably tomorrow!!!!

Best look to everyone in the morning, somehow think its going to be a damp squib, but then again you know I am the master of understatement LOL.

cheers GF

Here we go again nematode -------"1.60 will be a distant memory" ----- and what happened when you said it would be 2 a couple of weeks ago. The year results are going to show a loss of about 0.5million, okay that's not such a big deal, but at the same time it's not something to go overboard about. So many ifs and buts about this share, and still you carry on ramping it.Stick to your day job nematode.

Point is GF what you or I think is irelavent , what the market thinks is.

BB ramping / deramping has very little effect imo.

Good luck all.