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Yes, very well put, what is the definition of efficacy and how will the American market react.
I know a very prominent Infectious Disease specialist a bit socially, well, his son really. He specializes in Entero and Retro viruses which he believes cause a significant subset of people with Chronic Fatigue Syndrome. A really ugly disease for sufferers from the way he explains it and very few recover significantly. These things love the brain. He became interested in it when his son became ill. He was one of the lucky ones and responded to a Chinese herbal medication and is well now.
I mentioned ddRNAi to him a while back and Benitec and asked him to look into it. He seemed very positive about it when I talked to him a few months ago. He said the various Echo and Coxsackie forms could very well be "gettable" if the Hep C trial is successful which he also treats on a regular basis. He is following the trial with much interest and is familiar with Calimmune as well since he also treats HIV/AIDS.
The reason I mention this is these are the people we need interested in this. Brilliant scientific minds collaborating to put as many of these nasty diseases in the past tense so millions of people suffering around the world can get their lives back. First, targeted antivirals, second maybe the one shot cure guys. I sure hope these viruses/virii are somewhere in the minds of Suhy and Graham as potential future targets. But first there is TT-034 and the jury is still out. Oh, to be a fly on the wall during the next liver biopsy.
Just think, in 15 years Benitec could be bigger than the Beatles, lol. J/K
Wow Blane, so you think they are that close, even still on Cohort 3? I applaud your enthusiasm as I've been "locked and loaded" for some time.
And to think, I became aware of the company by a certain Dr. on a certain list who I believe may have sold all his shares in a fit of rage. I need to go back to that board when I have time because I know many others sold their shares on his advice. I wonder what they're saying now. Long convoluted story I know.
I think I will call the various brokers and ask and peruse the Benitec website to see what they have to say. Exciting times, thanks for the response.
For new investors.
So I've convinced a few people the time is now to buy into Benitec. Trading shares seems almost impossible in the US unless you're willing to pay a hefty premium several points over the SP.
I'm concerned that Benitec may have a positive announcement before the IPO, which would be great, but not so much for people wanting to get in now.
Any suggestions? Maybe check with brokers to see if they'll let you buy BLT on the ASX? I remember when I initially invested in BNIKF and subsequently BTEBY was created, it said I had until 2018 to transfer over. I decided to transfer at that time and paid a nice fee along with it. Thanks mgmt. So since they said you don't have to transfer BNIKF until 2018 does that mean that ticker symbol will be kept active until then, or does the IPO blow that all up? Sorry, just really confused with what they're doing. Maybe it's all explained somewhere on their website? Thanks for any help.
So you're 100% sure the technology plays out? Investors aren't so sure.
Wow........just.........wow.
I-GLOW
Just doing a drive-by for the first time in several months. I see there are still believers out there and you are still here. Wow! How many shares outstanding now, a few billion?
My favorite fable still remains the fish lake/pond that was to be used as fish fertilizer for the north 40 acres. Of course with the serious drought here in CA I'm sure it's dried up by now. I still have this vision of Benz and Allyn(sp) et al sitting around the campfire with the family and doing a little late night Catfish, uhh, fishing. Regards.
Well, BTEBY went down from $3.60 to $3.27 in the four trading days this past week. WRONG!
SmokeyNYY:
I just checked the chart on the $AU and you are right, in the 12 months the closest the $AU got to the American dollar was about $0.95.
I know KSS started a buying spree in late January on Gummies by recommending it as the next big thing and set off the run up to almost $2/share. The conversion rate around that time was $0.87 to $0.89 and now it is $0.82 so it's not anywhere near as bad as I initially thought.
If you look at the chart you can see that the exchange rate has been in almost free fall the last few months and that is something to consider as time passes. I have been told to currency hedge by a pretty bright guy to protect my investment. Thanks for correcting me when I was wrong. People who bought in from April to August are down greater than 10%.
http://finance.yahoo.com/echarts?s=AUDUSD%3DX+Interactive#
How American investors are getting hosed...
Currently $1AU = $0.83AM. One year ago, the Aussie dollar was worth MORE than the American dollar at $1.05. So if you invested say $10,000 at the beginning of the year, BNIKF, it would have cost about $7,000 and your shares would be roughly worth close to the same in both currencies. At that time BLT = BNIKF.
Flash forward to today. Your investment is now worth 80% of what it was one year ago just based strictly on currency rates. BLT no longer equals BNIKF or BTEBY. BLT closed at $0.77 last night. BNIKF is trading at about $0.62 and BTEBY is trading at about $3.10. If not for the run up in the American currency over the $AU, BNIKF would be trading at $0.77 and BTEBY would be trading around $3.85 if the currencies were still roughly equal.
That's just huge. Maybe one thing we can't blame on management. Or could we? I do take issue with Frenchs' awkward attempt with the ADR and BTEBY. Did he think that just by being worth more than $5 (at that time), he could get it listed on the US stock exchanges? Maybe I'm missing the point entirely but why should I have to pay hundreds to convert to BTEBY? Thanks Pete. I suppose they have an "in" when the eventually figure out it's a requirement to be listed on an American exchange.
Are there ways around this? Maybe if you can find a broker that will let you buy BLT directly from the ASX? Hedge? I'm not buying more shares, already loaded. The scarier thing is most experts are bullish when it comes to the AM$ which is puzzling to me, considering the megabucks we've been printing the last several years. If things start working with the Benitec technology, the currency woes probably won't matter much. This is a new one on me, I haven't invested much in international companies, but lesson learned on this one. We're getting hammered and it might get worse.
Yeah, that's pretty much plan "A" Blane. I just have to wait for volume to start kicking in on our side. Hopefully soon once things start taking off for us. Thanks.
Edited: And hopefully the spread between the two will be proportionate with the 5:1 ratio.
Whoa!
A 275,000 share buy on BNIKF just before 2 PM EST on Friday which managed to move the S/P up 2.5C. Interesting that he/she/they would buy into the old ticker symbol. Apparently no shares traded after that trade. Given that the average daily volume is peanuts, how did they manage to secure so many shares?
I still haven't converted to BTEBY and have until 12.31.18, so it gives me 4+ years to try to figure out an angle to take advantage of. And more importantly I don't feel like paying Scottrade the $300.
Good luck to us and potential patients.
Breaking News: SKTO's New Gig!
As many of you are aware, or maybe not, we are in the midst of a frightening water drought here in CA and it's only getting worse. I can't mention my sources yet, but the gang is in negotiations to build these huge water desalination plants up and down the coast.
I believe firmly that the SKTO management team has learned many lessons through the years and they can take this knowledge forward and save California from a looming disaster.
Here's where it gets a bit tricky: They need major financing (Billions) to build the plants and are in talks with the water utility companies along with state officials, including "Moonbean Brown". Just look at how wonderfully CA is being governed now! Yet SKTO will remain a publicly traded company and pay back the loans over time.
Imagine, zero investment and almost unlimited returns. If you don't get the water from the Mayor and Hipple gang, where ya gonna get it?? $5/gallon is not unrealistic.
As a Californian, this is an idea I can really get behind.
Awesome. Benitec should have it on their website though. Heading out to the mountains with my megaphone to get the word out. The guy on Seeking Alpha said we can hope to have efficacy data by the end of the third cohort, I think.
Maybe this is why there were 200,000 shares traded on the ASX in the first minutes of trading last night.
Why is it even still being traded? If the Feds have the goods against Benz, Hipple et al, why are they allowed to still dump? Even if the investigation is "pending", shouldn't they be precluded from any transactions?
Ouch, thanks. Well, here's to a positive safety profile on patient #1 and so on.
This is starting to remind me of 3 card monty. Ya got a Queen in AU, based on AU currency, a Queen in the USA who is presumably the MM and a Queen in some NY bank who is holding the ADR at 5X US MM rates. Why leave out Canada? The harder you try the more you lose. Take a chance, which Q has the highest relative value on any given day.
Blane, did Etrade inform you that you had to do the transfer by last Friday or you would pay the additional funds; 5$ per hundred lot unit? If so I need to have a conversation with TD cuz all they told me in the email was I could convert it til sometime in 2018. Thanks.
Woah!
I Spoke to Scottrade today about transferring over to BTEBY and it's not only the $25 they will charge but the sponsor (bank) is charging $5 per every hundred blocks of BTEBY shares. Has anyone who has done the transfer paid these additional fees? So if you, say, have 20,000 shares of BNIKF, it's $225, that's not exactly chump change.
One could sell their BNIKF shares and then buy the new shares but it looks like trading of BNIKF is pretty thin and it's also not lined up in the 5:1 ratio that it should theoretically be with BTEBY.
Damn it French, you got me again!
Yeah, I came across that last night. I would say that Aussie investors overreacted to the resignation. The timing of it with the same day or day before the first subject had his/her liver biopsied is curious.
Other Biotechs are going crazy and Benitec is on the cusp of something huge and the stock trades sideways.
RESIGNATION OF DIRECTOR - DR MEL BRIDGES
So he's been with Benitec since 2007 and his "resignation from the Benitec Board will allow me more time to focus on my Brisbane-based boards and personal business opportunities."
He takes it basically all the way to where the first patient has had his liver biopsied and he calls it a day???? Coincidentally, perhaps, the S/P is off almost 9% in trading, basically all in the last two hours of trading.
If one is holding a decent number of shares, like, i don't know, me for example, you can only hope the timing of these 3 events are a mere coincidence and not a sign of bad things on the way. I guess we can't know what we don't know, yet.
Scottrade is charging me a set fee of $25 to transfer.
Me? Really? Naw. I invested soon after they declared their new business plan back in early 2013? I think. I divested a month or so later after I read the "no fool" report. Look at my previous posts, especially the latest one where I talked about fishing with Allyn; that was totally tongue in cheek, right?
I found the whole thing fascinating from a sociological point of view. How the investors could not see the light of all the lies and deceptions, and when would it all come crashing down.
I feel bad for those holding useless paper, but it was so obvious all along.
Does that mean there really never was the 40 acre pot farm along with the fish pond to be used as fertilizer? Say it aint so Joe, say it aint so.
That was always my favorite part in this saga/scam. I had these images of Uncle Allyn fishing for Trout, telling stories about the good old days, cooking up the fish, feeding the guts to the plants and roasting marshmallows. Damn it all!
I still believe it has a decent chance of hitting $0.70 AM$ to maybe $0.80m given the downward trend since hitting it's most recent peak north of $2.
I might add a few more grand to my collection, or go the ADR route but I still believe this is "silly" money that can lose 80% of it's current value and be dead as a doornail, or...... you spend silly money is silly ways like shiny new assets.
My concerns are many. Let's actually see it work first. If this was truly a sure thing, the SP would be around $10 and saying "nobody knows about us" is not a valid answer. Other, larger drug companies have already thrown in the towel with this technology. Why is Benitec any different? Better compound? Just asking. And of course I am not sold on Peter French as a person to take the company forward, should the technology prove itself out in humans, given his statements and blaming "Duke Medical" and the FDA for the delays. A CEO gets things done and doesn't lay blame at the feet of others, unless he can fire them himself and you can't fire Duke or the FDA.
Bottom line opinion: There will be even better chances to get it lower than $0.90.
Yay. Best wishes to Patient 1 and TT-034.
I know that and, yeah, it must be one brave soul and they have no clue what it will do to him/her in the future. I would probably asked for $1M, a beachfront house. airfare, hotel and tickets to the Super Bowl for life among other things.
Okay, maybe scratch the house with the expected rising seas and all.
I saw that article. Yeah, i guess when they give a time frame, you have to multiply it by a "Benitec factor" of 1.X. Who knows how much money they'll spend defending the patent; I don't doubt they will need more financing by the time that comes around.
Retirement is just a "single shot" away, right? I wonder what the institutional investors think of all of this.
I hope it happens sooner rather than later for everybody's sake. Did the FDA dictate that they only include previously treated failures? No women of child bearing age? That evidently was included in case a woman became pregnant during the study. Do they think women are that dumb that they don't know enough not to get pregnant?
If Ribirin and Interferon "cure" 85-90% of those treated, then you're really shrinking the patient pool. I know there's a better way to say that but it's early here still and my brain hasn't quite fully woken up yet.
Not one candidate found in four months? How do you get to 15 when you can't even get to 1?
Ouch, I am long here and have posted a couple times. Sorry if this was already posted.
http://rnai.technology/
So I visited SKTO's 40 acre pot farm yesterday and boy was it impressive. It's still early in the growing season, so the plants were still pretty small. Imagine, marijuana plants farther than the eye can see. Benz was there and so was Allyn and a few others.
They were fishing in the pond they use for fish fertilizer for the plants and they were reeling in some nice pan size Trout and 2-4 pound Bass. They asked if I wanted to join them but I told them I don't have a fishing license and they said no problem, it's private land. Afterward, we had a nice BBQ and roasted marshmallows under the starry night.
I asked them what their plans were for the company and they said they needed that one over the top press release to get them back to previous highs. All in all it was just a wonderful evening and I thanked my hosts for their hospitality. They even gave me 1,000 shares of SKTO stock, wowie!!!
To get the same treatment, just call Benz' office and ask them to schedule you in and it's no problem. A word of warning though: As you are entering into the heavily wooded site, make your presence known. I forgot to do so and I heard a few guys up there speaking Spanish and they took a few shots at me with real bullets. That was scary. I thought I was gonna die.
Wow, another bad day in AU today? I am tempted to buy more shares in the face of this in the US market tomorrow, but I'm pretty well loaded as is and I'm getting a bit sceered.
What is stopping me is management, I think French has an arrogance to him that is bothersome and also the way they structured the Duke study. I have some "silly" money in this one in case TT-034 is the wonder compound. Still, it's not money I care to lose. I'm not selling until we know, yes, or no if it is successful.
Still hopeful based on the "guru"'s opinion.
YEAH! GO SKTO! GO TEAM! WITH THOSE REVENUES, THIS STOCK SHOULD BE AT LEAST PUSHING $2-3. BY END OF YEAR I PREDICT SKTO WILL EMERGE AS *THE* KEY PLAYER IN THE MJ FIELD.
FOUR MORE STATES TO FALL THIS YEAR TO LEGAL MJ. ALLYN, HIPPLE ET AL ARE POSITIONED PERFECTLY TO TAKE THE COMPANY TO THE NEXT LEVEL.
THIS IS THE STOCK MOST OF US WILL RETIRE ON!
It's hard to tell where they're at with the trials so far. Who even knows if they have the required number of patients. Anybody? I know they were recently recruiting. I'm sure most/all investors have figured out that these guys are tight lipped. Hopefully the results will do the talking.
As far as current valuation I think $200M AU is pretty fair for a company that has a product (and product line) with a lot of hope but no human results. Maybe it has settled around the $2AU/share until the results are released. I actually wish it would drop several cents cuz I want more shares even though I'm still accumulating as best as I can.
I know one person in the know who believes it will go up 400-500% this year with positive results with much more than that in the coming years. The proverbial ten bagger, even ++ maybe but that is pie in the sky for now.
It's also (hopefully) a company you can root for aside from being an investor. Imagine, all those disabling illnesses knocked out like that. I hope the 28 brave souls in the study get serious reduction/elimination of their viral loads for their sakes as well. Good luck peeps,
Chester.
I am long BLT.AX/BNIKF. It's only a matter of time with the patents and technology these guys have. IMO, $2 will seem really cheap in a few months.
Some of you know there is a guru on another website with heavy credentials long on this stock. Hope we see new investors coming here to discuss the current and future of Benitec. Cheers.
Chester
The Yugo is leaking gas and oil.
Get out now while you can still make or lose a few bucks. No real products, no real company, no real location, no real website, no real fishy pond to fertilize the not real 40 acres. What more is there to know? Slow crash back down to sub penny land is inevitable.
Oh dear.
Perhaps a return to the Health Care industry is the next step?
Amateur hour at the Apollo
As usual for these buffoons. Do they really think investors are that stupid? Did any of these guys go to college and if so, where? St. Vincent and the Grenadines?
Escabar....
Were you the one who said SKTO was a "sleeping giant" before the initial news even broke about the shift from whatever they were claiming to do to MMJ?
Maybe not but it's in the archives somewhere. I think a few people made pretty big bucks even buying in after the initial news report.
There are some people out there who worship the ground Hipple walks on, lol.
Not to mention the empty shell that is the website of Medical Greens, lol. Everything's been "coming soon" for the past 6 months or so. As I wrote before, it's like they're not even trying to appear to be legitimate.
Huh? Why would I want to buy "your" shares when I can buy them on the open market?? I don't understand, with all this great stuff emanating from the press releases, why are they hovering around $00.01. It makes no sense, or does it?
So I was cleaning out files from an email account and I came across this, I totally forget I sent it; dated May 1st and sent to info@medicalgreens.com
Dear Sir:
Are you currently accepting resumes? I have extensive knowledge and experience in cultivating Marijuana used for Medical purposes. I also have a Bachelor of Science degree in Finance. I believe this experience would be of value to your team. Please let me know how I can send my resume for your review.
Sincerely,
blah blah
Response: nada, zip, nil.... good ole Arty Mayor must be busy there days, eh?
Has anyone else noticed on their website when you click on one of their so called services it's status is still "coming soon" since inception? It's as if they're not even trying to appear legitimate.