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Respectfully, videos mean nothing. Anyone can say and post anything these days but where are the filings of contracts, material changes, ect. The website address is still a UPS box and no one answers the telephone. I want to see an audit that confirms the numbers. the revenue, the assets, ect. as I am down massively and would like hard confirmation.
PS. just checked the address again and the actual address number has been deleted. Just a town and state.
RAFA Q1 2023 Financial Results
$RAFA Q1 2023
— Rafarma Pharmaceuticals Inc (@RafarmaPharma) May 23, 2023
Financial Resultshttps://t.co/wnGqagLHaV pic.twitter.com/74xOV2R4ns
What are you talking about? There’s tons of news reports on it. There’s tons of YouTube interviews. There’s video of the CEO on the construction site.
Problem is there is no evidence of it at all. No evidence of any contracts either. Just generic tweets.
They paid for the bulk of it. I think Rafa invested around $20 million for the construction.
So, are they renting office and lab space in this vast medial park or are they invested into the structure? Big difference.
Doesn't need to be 'super imposed.' It's just not material. There's nothing valid about a twitter post or a linked in post. Look, I hope you're wrong, I've lost more money with crazy bird man than I'd like to admit and now I'm RAFA which, up to this point stinks, like all his 'island' stocks. NOT one has worked out....not one. I just hope this POS gets up to .75 again. Hope and pray is all you can do now.
You think that building is super imposed or something?
Pharma park updates are on tons of European news outlets. There’s clearly a short trying to knock it down and I’d love for it to come under .20 so I can double my position.
I'm not saying it's not going to happen, no one knows when because they haven't posted anything thru the SEC/FIINRA. Glad no dilution however, you are correct in that.
This is my point. There is no material documentation outside of Twitter and apparently LinkedIn for info which isn't reliable. Remember the pictures of Brad in HK? Same stuff.
Here’s the building from a few months ago. I’d say it’s coming along nicely. It definitely should be opening this year…
https://www.linkedin.com/posts/evgenyi-netovkanyi_uzpharmagency-tashkentpharmapark-pharmprom-activity-7020968385823784960-q6MN?utm_source=li_share&utm_content=feedcontent&utm_medium=g_mb_web&utm_campaign=copy
How do I know what? There’s been 0 dilution as the share count hasn’t changed in years. (Unlike PRED which was non stop dillution)
The Pharma Park Phase 1 is clearly almost done and will open this year. Youtube video from last year shows the progress.
How do you actually know this? What material documentation is out there to support your statements? Just curious? I'm long and feel this is just PRED 2.0.
Not really. You just have a short taking it down and trying to cover before audit is released. That has nothing to do with the company. Revenues look great and there’s been 0 shares diluted in the 5 years I’ve followed it. Tons of partners throughout the world and the huge uzbekistan pharma park is about to open. Huge opportunity here.
RAFA Attorney Letter with Respect to Current Information - Attorney letter with Respect to Current information
https://www.otcmarkets.com/otcapi/company/financial-report/368935/content
God has nothing to do with it! Crazy birdman screwed us all again. I never seem to learn is my issue. Hope this BS company turns it around for a possible break even. Opportunity cost with this one.
Kashwise, you scoundrel! Every single day I curse you for this dumpster fire.
I hope God helps you my friend..I have no RAFA shares at all.Some dreams do come true, others are just nightmares
only god can save rafa it needs to rise from the dead i give a 5% chance of coming back and i still hold shares down 80%
I hope your prayers are answered on Rafa.I actually think eventually it could turn the corner as I posted here a few years ago
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=166604514
My main play now is IFUS .I have no rafa left
https://www.reddit.com/r/OTCstocks/comments/12x02sd/ifus_has_just_made_national_tv_news/
Non taken. Charts look good for upward movement in the next couple months. I have lost all "hope" and now only put my faith in charts. Only time will tell if our prayers are answered at this point.
No disrespect meant...Rafa may eventually hit the pps many dream of or believe will occur.
Good point, what was I smoking?
$RAFA Rafarma has Registered NOYA THERAPEUTICS company in Israel
$RAFA Rafarma has Registered NOYA THERAPEUTICS company in Israel
— Rafarma Pharmaceuticals Inc (@RafarmaPharma) March 28, 2023
RAFA continues to develop business, expand, strengthen its position in the Israeli market
Israeli Corporations Authority (ICA) registered NOYA THERAPEUTICS LTD cohttps://t.co/HKq1nZ0YCG pic.twitter.com/eHhrh4m6CI
Rafarma Pharmaceuticals Inc @RafarmaPharma ·
$RAFA Phase 1 to open soon
Production Pharmaceutical Cluster
Tashkent Pharma Park
Link... https://tinyurl.com/ajs8znx
Let's be honest, isn't this just another Bird Man scam gone bad ??????????
IB_
New CEO took over in December. He is big time. Audit could be done anyday. Company is earning .17 cents per share. There’s been NO dilution in the 3 years I’ve followed it. Major milestone with Pharma Park launch this year: https://pharmapark.uz
According to the CEO letter they got rid of Russian company. That should help the audit and make it easier to uplist to a higher exchange.
Has anyone heard anything remotely credible about this company or when the audit is to be completed and uplist is to take place? Why do we as investors hear so little from the CEO, the progress and plan of action. Is this due to being foreign company? What does anyone know that's credible?
Not anymore .....................
IB_
Well, we're half way to $1. Is that good?
Well, we're half way to $1. Is that good?
Congratulations on a nice little upward move in RAFA !!!!!!!!!!!!!!!!!!!!
IB_
$0.69 and ready to run. $1.00+ before year end.
$RAFA - Rafarma plans to build a production unit of pharmacopeial substances in Yeruham, Israel
https://rafarma.co/news
the planned site will aim at innovative sterile biological, immunological, & molecular-targeted drugs & radiopharmaceuticals development & commercialization
Agreed… me too. That said, I’m holding out. I’m sensing we are close to exactly what you outline as being needed. Yesterday was a good day with the intro of the new ceo, next is his plan, then audit, then uplist. I hope for 1-2 of those by year end
Agreed… me too. That said, I’m holding out. I’m sensing we are close to exactly what you outline as being needed. Yesterday was a good day with the intro of the new ceo, next is his plan, then audit, then uplist. I hope for 1-2 of those by year end
$RAFA - Rafarma Pharmaceuticals appoints pharmaceutical industry leader Unt Raivo as new CEO
Rafarma Pharmaceuticals, Inc. (OTC: RAFA) is pleased to announce the appointment of Raivo Unt as company Chief Executive Officer. Mr. Unt has decades of experience in the pharmaceutical industry, most recently as the Chief Executive Officer for the PharmaEstica Manufacturing OÜ.
Mr. Unt's career in the pharmaceutical industry began in 1999 as Finance Director of JSC Tallinn Pharmaceutical Plant, where he managed the company's assets, financial resources and cash. After 7 years he became the Chairman of the Board of the company. He was engaged in the organization of work and effective interaction of all structural divisions of the company while maintaining the duties of the financial director.
A significant part of the career Mr. Unt's devoted to the JSC Kevelt. As Chairman of the Company Council and Chairman of the Board, he managed business's production, economic and financial and economic activities per current legislation. Also, Mr. Unt provided staffing according to the company's professional activities.
Mr. Unt participated in new pharmaceutical production sites of varying complexity construction and launch: Oriola Finland, Olainfarm (Latvia), Grindex (Latvia), TFT (Tallinn Pharmaceutical AS), Kevelt AS (Estonia), Interchemie Werken De Adelaar AS (Estonia), Probiomed (Mexico).
Remarkably, Mr. Unt has an outstanding education. He holds a Master of Science in Economics from Tallinn University of Technology, a leading educational institution in Estonia and an MBA from Mannheim Business School at the University of Mannheim, Germany.
The entire management team of Rafarma Pharmaceuticals is confident that Mr. Unt's pharmaceutical market experience, knowledge and reputation will help the company in its rapid development, achieving global business goals and improving financial performance.
https://www.noyarp.com/post/rafarma-pharmaceuticals-appoints-pharmaceutical-industry-leader-unt-raivo-as-new-ceo
RAFA isn't going to do a darn thing until we have a proper audit and uplisting to a major stock exchange. Also, what I've been waiting on for years... Until then it's a speculative penny stock. I learned my lesson the hard way.
Is anyone here? Rafa could be a life changer next year…. Where is everyone?
Another solid price and volume day…. ??
Once the audit is released, I will be buying’! … and hoping _IB has covered
I am in a group that, collectively, owns 5mn of the 8mn float… if you are shorting, you will likely get crushed on some solid good news
Volume up a bit.
Price up a bit.
Rumors abound.
… may be a good Xmas!
A solid recent run… and I hear it has not even started! I do hope those rumors are 1/10th right! Super exciting.
Barry Sutz ???????????????????
IB_
LoL LoL, Really ????????????????????????????
IB_
Ain't none !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
IB_
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Many OTC stocks are easily overlooked because they don't get the coverage of peers traded on national exchanges and consequently very few investors have the opportunity to know about them. A perfect example is the recent closing of a reverse merger increasing sales by over 700% and adding sizable international operations of private Biocogency into Rafarma Pharmaceuticals (OTC: RAFA) where the RAFA share price has not yet reflected the new added value.
On October 19, 2020, the merger of Biocogency into Rafarma was announced and went unnoticed. Although important metrics to determine share valuations have soared as a result of the merger, the share price has not yet caught up reflecting the new increased valuations simply because nobody knows about it yet. As word is likely to spread soon, the share price is expected to begin climbing to more fair and reasonable market valuations that could exceed expectations.
About Rafarma Pharmaceuticals
Rafarma Pharmaceuticals, Inc., a multi-product pharmaceutical company, produces and sells cannabis health-related products and specialty pharmaceuticals. The company formerly known as Johnston Acquisition Corp. changed its name to Rafarma Pharmaceuticals, Inc. and is based in Sandy, Utah with a manufacturing and distribution facility in Russia.
Biocogency owns PJSC "Krasfarma", the largest Russian chemical and pharmaceutical production company with more than 50 years of experience in the production of drugs that meet all national and international quality standards.
The Company helps meet the growing needs of health care for high-quality, effective and safe generic pharmaceuticals as well as development and production of innovative pharmaceutical products. Production systems with a strong emphasis on safety are carried out through a coordinated interaction of their quality control department, commercial department, logistics service, and scientific information department and pharmacovigilance services.
A rich history is not the most important thing in the modern pharmaceutical industry. To keep the quality of products on a permanently high level, a program of production modernization is being realized: investments in the company include new industrial lines, engineering systems and control systems, as well as new pharmaceutical products.
Safe and effective generic medicines of PJSC "Kraspharma", which are not inferior in clinical efficacy to the original, but sold at affordable prices, have won the trust of both doctors and patients.
Today PJSC "Kraspharma" is the Eastern Europe and Russia undisputed leader in the production of:
Most of the drugs produced are included in Vital and Essential Drugs List (VED) approved by the Government of the Russian Federation.
The products of PJSC "Kraspharma" are sold in Russia, Eastern Europe, Central Asia and in the countries of the Asia-Pacific region.
What Biocogency Adds to Rafarma
This transformative merger starts by restating Rafarma 2019 sales from $11.4 million to $84 million and delivers impressive growth rates of close to 50%.
The Biocogency group includes Russia-based drug companies Bebig and PJSC Kraspharma and industrial firm Slavich. Bebig is focused on developing therapies and diagnostics for cancer care in the Russian markets, including supplying microsources for the treatment of prostate cancer using low-dose brachytherapy. Kraspharma, Russia's largest chemical and pharmaceutical production company (and crown jewel of the merger), and Slavich, a manufacturer of a variety of products including packaging goods, materials for microelectronics and photo materials, are both steeped in corporate history going back half a century or more in Russia.
Biocogency also brings leadership committed to growing value as measured by the fact the deal was structured to be non-dilutive to existing RAFA shareholders. To that point, Ilia Shpurov has assumed the position of Chairman of the Board, bringing decades of entrepreneurial – and biotech – success to RAFA.
What's in it for RAFA? An Immediate Spike in Revenue and Profits
The merger with Biocogency is a game changer for RAFA operations and the top and bottom lines. Consider that in 2019, RAFA generated revenue of approximately $11.4 million and gross profit of $3.4 million. In the latest quarter, ended July 31, 2020, Rafarma reported revenue of $5.3 million and gross profit of $3.1 million, according to filings with OTC Markets Group.
Those results are going to get an immediate shot of adrenaline.
During fiscal 2019, the Biocogency group reported unaudited consolidated earnings of $73 million and gross profits of $17 million. As a course of becoming fully reporting and planning to uplist, the financial results are being audited and adjusted to meet GAAP standards.
Using the results from 2019, it is easy to extrapolate pro forma revenue of $84.4 million and gross profit of $20.3 million for the combined company. It is those type of financials that will underpin a move to the Nasdaq or NYSE.
More on how the price to sales ratio stacks up to industry comps are discussed here. Several Pharmaceutical market comps point to Rafarma share prices that are many multiples higher than the current price of $1.69.
When it comes to value, it certainly bears mentioning the investments that Biocogency has put into its pipeline and platforms since 2012, which management pegs at more than $120.0 million. Much of this investment has been directed by Shpurov since he bought the Kraspharma during the outbreak of the global financial collapse in 2008 for the purpose of restoring and expanding production volumes post-recession while establishing a high-tech GMP pharmaceutical manufacturer in Krasnoyarsk.
That was accomplished. Today, Kraspharma is a leading producer of wide swath of generic drugs and pharma products spanning antibiotics, blood substitutes, infusion solutions, tuberculosis and preparations for other pharmacological groups. Sales channels extend throughout Russia, Eastern Europe and the Asia-Pacific region.
Widening the Footprint
The plan is for vertical growth by expanding the existing channels while leveraging RAFA relationships for horizontal growth through entering the lucrative North American markets.
In fairness, Russia alone can be a company maker. A huge net importer of medicine, the Russian government is pushing for national security in the supply chain as outlined in the Pharma 2030 Strategy. With that in mind, Statista forecasts the Russian pharmaceutical industry will grow 147% between 2017 and 2030.
During Q1, the Russian pharma market surged 125% year-over-year to about 320 billion Russian rubles (US$4.2 billion). Generic drugs typically dominate the prescription market, accounting for 64.5% of the category in 2017, meaning Kraspharma is in a strong position.
Given the sheer volume of people, Asia is another tremendous market. The Rx market in China alone is forecast to reach $160 billion by 2022, highlighting the market opportunity. With respect to the Asian drug development market, ResearchAndMarkets estimates 6.54% compound annual growth to reach $62.46 billion by 2026.
Still, the U.S. is the Holy Grail as the biggest pharmaceutical market in the world, weighing in at a whopping $484.4 billion in 2018.
Conclusion
With the reverse merger now closed, the newly created Rafarma Pharmaceuticals that now boasts fast-growing operations well in excess of $100 million for 2019 is decidedly undervalued when compared to industry valuations for similar companies. Management plans for uplisting and higher investor awareness programs are soon in the future which will help bring the Rafarma opportunity to the forefront resulting in substantially higher prices and trading volume.
The current price has not yet appreciated to reflect the newly increased sales and valuations and therefore presents an opportunity to astute investors who act now before the story becomes more commonly known.
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