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.

The Financial Press seem to be waking up and take notice of what our readers and Fillyaboots.com readers were already aware on June 1. Bulletin board gossip has been rife since Wendy Durham`s feature Naked Shorting appeared on LemmingInvestor and her home site Fillyaboots.com.

The Sunday Mail says that up to 150 small UK firms are being traded on the Berlin Stock Exchange without their consent, according to City brokers, prompting fears that the trade may be knocking share values in London.

Suspicion is growing that the German exchange is being used as a vehicle to exert selling pressure, thus drive down shares prices in London listed smaller companies. This has outrage some British companies who have noted the listing of their shares in Berlin, without the authority of the companies involved; furthermore, they are apparently powerless with regards requesting the de-listing of their shares.

Griffin Mining, one such company whose shares have fallen from 30p in February to 21p Fridays close, made an announcement last week about the trading of its shares in Berlin, suggesting this might explain the recent fall in its price.

Finance director Roger Goodwin told Financial Mail: Lawyers have been instructed to see what action we can take. Philip Davies, a corporate finance director at stockbroker Charles Stanley - Griffin's official adviser - said the mining group was not alone. "We have five clients on Aim whose shares are being traded in Berlin without their consent," he said. "A number of advisers are talking to each other to see what we can do."

Another AIM listed company, BioProgress was listed on the Berlin Bourse in April this year. Since May the shares have fallen from 125p to 69p at Fridays close, under heavy pressure from sellers following Berlin trading, not London as investors would have thought.

The UK's Financial Services Authority said it had no powers to intervene on behalf of British firms in Germany and had no plans to become involved.



Related Links:

New York Times
Penny-Stock Fraud, From Both Sides Now
By Diana B. Henriques
February 16, 2003

Inside Wall Street Online
Foul Play Among the UAL Shorts?
By Gene Marcial
October 8, 2002

Canada StockWatch
Chell Group's chairman nabbed in boiler room raid
by Brent Mudry
December 18, 2002
http://www.lemminginvestor.com/NakedShortingPart2.html?1088349639171

BioProgress plc

('BioProgress' or 'the Company')

Statement re: Berlin-Bremen Stock Exchange


BioProgress plc, a provider of innovative delivery mechanisms for the
pharmaceutical oral dosage markets, has noted that its shares have been listed
on the Berlin-Bremen Stock Exchange without its consent. The Company and its
advisers are taking all available steps to delist BioProgress' shares from the
Berlin-Bremen Stock Exchange.


Forward-Looking Information.

The Ordinary Shares of BioProgress plc are registered under the US Securities
and Exchange Act of 1934. This announcement contains certain 'forward-looking
statements' within the meaning of the Private Securities Litigation Reform Act
of 1995. These statements are based on management's current expectations and are
subject to uncertainty and changes in circumstances. Actual results may vary
materially from the expectations contained in the forward-looking statements.
The forward-looking statements in this release include statements addressing
future financial and operating results and the timing and benefits of the
reorganisation. Detailed information about factors pertinent to the business of
the company that could cause actual results to differ is set forth in the
Company's filings with the Securities and Exchange Commission. The Company is
under no obligation to (and expressly disclaim any such obligation to) update or
alter its forward-looking statements whether as a result of new information,
future events or otherwise.

- Ends -


For further information:
BioProgress plc
Graham Hind, Chief Executive Tel: +44 (0) 1354 655 674
grahamhind@bioprogress.com
www.bioprogress.com

This is becoming a bit of a joke. Never heard of a company getting listed without its consent.

Does anyone in this outfit really know what's going on?

Oh dear!

I don't like the chart, and I have a reasonable size holding already. BUT !!!!! having read their site board at www.bioprogress.com Stuck my kneck out and bought at 67.63. I think it is now better for me to go and lie down and check the price in a week or so.

My feelings the volumes are lowish and the underlying value of the company is the same as it was 3 weeks ago. I hope the shorters are having sleepless nights!!!!!!




"Due to anxiety!!"

Fred

I've no position, but love to watch it move around as it has. Gotta be one of the most impressive stocks on the LSE for volatility combined with a fair amount of liquidity. Memories of '99/'00 and all that.

Best of luck with it, but one look at that chart and I wouldn't think the shorters are too sleepless!

Al
;-)

Awful chart! Can't say more than that, but read a certain thread somewhere and you'd never believe it :(

This company is not about charts,watch this space,big movements ahead of you.Brokers note very imminent,final draft prepared and GH wants a move on now and it reads very well,ask those who know and Nasdaq listing is 4-5 weeks away.The American institutions are falling over themselves to acquire the stock.Believe me,I know,oh by the way,rayrac is a doom and gloom merchant on another bb...beware of his antics!

CS note has been imminent for the last 3 months.

"Imminent" don't make money!!

And charts show an awful lot more than they are given credit for! Now making new lows FOR THIS YEAR!!!!

Another cracking day for BPRG - not.

Unfortunately 60p is getting ever closer and to reach a quid again requires an increase in the share price of 60% from this evening's close. It would be amazing in this market.

nematode you have been spouting the same crap for months.

Are you aware that the yanks can short as well as buy ?

Woof!

Blue! :-)

big deal

Anybody know why SEO is up 8.9% please? Are they rumoured to have made an out of court settlement with BPRG? (This is just a guess)

Aerotus - seems to be a long term support/resistance level? Maybe, but it did break shorter term support at 4.75p on results earlier in the week. Might just be a dcb. Who knows.



BPRG having its blue day for the week I guess.

Correct that - it's red yet again.

God I'm so bored at work with no access to advfn boards. I'm so bored that I'm gonna make a prediction that BPRG will finish blue today. I think many shorters will be uncomfortable to hold BPRG over the weekend or risk being flamed by the imminent good news on its way!

I had an email from bprg the other day saying that they were trying to stop the Berlin 'naked' trading, no detail how. Has anyone any information?