Gw Pharmaceuticals Share Discussion Threads

[randompoint] 02/12/2016 12:39

Over the next few days I will be going here



and I will be searching Epidiolex.

I think it will be interesting, starting with the Idaho piece.

[neilrr] 02/12/2016 12:23

123Prezzie
2 Dec '16 - 11:29 - 9064 of 9064

There is a lot of emotional energy emanating from GWP's supporters.

No, there isn't.

If you want to see emotional energy there are countless dodgy, tiny, rinky-dink companies on AIM where the believers & zealots post umpteen times each & every day. Just take a look at the LSE's CTAG or WRN threads, or the old QPP threads on ADVFN. WRN has been suspended for 2 years & still gets at least 10x as many posts as GWP!

You're lucky if this thread averages 1 or 2 posts per day, the LSE CTAG thread must get 1 or 2 posts per MINUTE when it's hot.

Considering the huge gains in GWP & that it's the 3rd largest share on AIM this is a VERY subdued thread & group of people.

[123prezzie] 02/12/2016 11:29

Wenger. Do you have a crystal ball to forecast a share price rise of 18x by May 2020 or are you using statistics in the same way as the directors? GWP floated in June 2001 at a price around 182p. Share price rise in 15 1/2 years is under 4x and I can find you any number of Biotech which have done better than this. The only way to get near 18x is to choose the all time low of 36p in Sept 2008 and you were a shareholder before then.
My own realised gain is 8x from a significant investment built up between 2005 and 2009. I believed and am full of praise for the directors in managing to maintain their belief and raise money despite almost zero revenue from product sales after nearly 20 years since start-up.
There is a lot of emotional energy emanating from GWP's supporters. I am not belittling the enormous effort required by the Board to get here, I am just trying to look rationally at matters whilst deciding whether to reinvest. The present upheaval seems to be making others rethink as well.

[etarip] 02/12/2016 09:38

On TDI I now have a value for my ADRs and can trade them.

[nodding] 01/12/2016 17:28

Fight!

I don't know about arrogant, but so long as their self-serving ways increase the share price then they are doing ok by me.

Big volume today which, IMO, is connected to the imminent delisting. Next week I reckon it will look a lot better

[wengerb] 01/12/2016 16:56

Could anyone recommend to me another company in which I might invest?

I'm looking for another company run by arrogant, self-serving directors that will be able to increase its current share price by a factor of 18 between now and May 2020.

That's the performance achieved by the current arrogant, self-serving crew over the last three and a half years.

I find it hard to find the words to express how glad I'll be to detach good old Greenwich Biosciences Inc. from the carping company so many of the UK investors who do little but whinge about GWP and do so in the light of a degree of success almost unprecedented among the UK biotech sector.

Anyone care to tell me of another such UK pharma success? A case could be made for Glaxo and maybe for Shire and they haven't done too badly since their origins with a single new drug.

[123prezzie] 01/12/2016 16:40

cfb2 & orangesunset. I think the problem with the price is related more to the strengthening dollar and GWP/UK shares being dumped when the US market is closed, rather than robbery. Also, the US market doesn't seem to want the shares being dumped.
I maintain my view, held since Justin sold a shed load at about 6.95 last year, that the directors are an arrogant, self-serving bunch. Nobody supported me here when I said that earlier this year when J collected a bunch of options at about 3.00 but I think most would now.
I sold all my shares shortly after the ADR announcement with the intention of buying some back if/when the price fell far enough. However, I am beginning to think it might be more sensible to acknowledge that my roller-coaster 10+ year stay has been nicely profitable and say goodbye. Will review at 700p or $105/ADR - not far away.

[ih_406638] 01/12/2016 13:25

Now then boys and girls, I want you all to stop saying green-wich

[orangesunset] 30/11/2016 20:11

Very suspicious how some recent trades have gone through at a way out of line price. Do the victims have a right to challenge whether they have been robbed? Or does it need to be referred to a watchdog organisation?

[cfb2] 30/11/2016 19:08

A number of vicious uncrossing trades in extended hours. Some investors got robbed by being forced to sell at 725p.

[ih_406638] 30/11/2016 00:39

Yes, and some updated presentation notes.

Two points of interest mentioned by Justin:

Everyone is "comfortable" with the idea that GW will retain exclusivity throughout the "orphan life of the product".

He has heard that a year's worth of cbd oil might cost $65k. It is usually thought that Epidiolex will have an average pa cost somewhere between $30k to $35k

[randompoint] 29/11/2016 17:37

Piper Jaff. recording is a nice reminder that there's plenty to be excited about.

[liquidkid] 28/11/2016 17:40

Moare on medical grade CBD.
"With synthetic CDB our goal is to find a path to market as fast as we can.
"The economics of our synthetic production compare very favorably to those of the plant based operation. We have complete control for the level of purity of our product. Such a level of control is far more challenging when you're growing botanicals and subsequently extracting from a botanical. Throughout medical history, the medical community has attempted to move away from impure medicinal from plants and evolve to a highly purified pharmaceutical synthetic medicines, due to the recognized advantages of quality driven, reproducible and efficient manufacturing process that lead to consistent drug quality."
- seekingalpha transcript, yet another GWPH Competitor: INSY

Hedge Fund hedges bets
Scopia Capital has a $250.2 million position in GWPH
Scopia owns some 7.43 million shares of Insys, which represent 10.40% of the company’s outstanding common stock.

[future financier] 28/11/2016 15:46

Thanks nodding - useful to have the date confirmed!

[ih_406638] 28/11/2016 15:36

In case anyone is interested, my TDI account is showing a big hole where my ord shares used to be. By phone today they say that this will continue until 5.12.16, or thereabouts, when the ADRs will then appear. No trading is possible in the meantime.

[randb01] 27/11/2016 16:51

Thanks to all who contributed with their opinions, technical knowledge etc over the past few months. These have proved to be most helpful and entertaining (even those from the Uber pessimist Liquid Kid who helps redress the exitement levels generated from time to time!). Unfortunately my own technical abilities would not materially add anything to the developments.

My wife and I held GW shares with the Halifax in individual ISA's and a joint share dealing A/c. They wrote advising that they would automatically transfer to ADR's on 22nd Nov unless given instructions to the contrary. This has now been done.

Next stage - they will write again on the 5th Dec with options regarding the ISA's. Very impressed with their 'no hassle' service.

Hoping for further good news on future trials.

P.S. Noted positive article supporting GW's efforts in M.O.S.

[etarip] 25/11/2016 16:43

FF

You did better than me on the stub. I got £7.6825. Well done!

[future financier] 25/11/2016 14:33

Just found this on TD website - "The foreign exchange rate for all currency conversion is based on the bid/offer exchange rate to which we apply a spread up to +/- 1.50% at the time of execution. Details are available on request." - so not unreasonable for small transfers.

[future financier] 25/11/2016 14:31

Thanks etarip - I can confirm that the currency cash transfers within TD do work easily ("Trading" - "Forex") - just don't know about the x-rate. Then once you have done this, funds transfer in £ into designated bank accounts is again very quick and easy.

[etarip] 25/11/2016 14:07

FF

Just spoke to TDI

Do not sell your stub shares on their web-site. Telephone to do so otherwise you will be charged commission. They are going to refund my £5.95. Whether they are going to amalgamate all the stub shares and then sell I did not ask about. That is why I decided to sell them now. The price selling them yourself might be better but as not much involved it does not matter.

When all is completed the correct figures I am assured will be presented.

Yes at present it shows the number of my shares not the number of ADRs I will be getting.

Apparently you get automatically an account for each currency you trade in. However, you can only transfer into a designated bank account. So will need to set that up with your bank.

The 'Amalgamated Exchange Agreement' can only be done on line.

Hope this is all useful.

[future financier] 25/11/2016 12:30

etarip - Did you have to sell the stub shares - I had assumed (silly me) that would be dealt with by TD at no cost by amalgamating all of the stub shares across all accounts.

I have received Euro dividends which accumulate in a Euro account at TD - which I have then converted to stirling within my TD account. Since the amounts were small I have not worried too much about the x-rate - but obvioulsy when realising the capital in GWP this could become more material!

Sounds like your account (like mine) does not show any value for your holding either - and the number of "ADRs" is actually the number of underlying GWP shares - so you have to divide by 12 to get the ADRs?

[etarip] 25/11/2016 12:01

FF:
Mine says all on one line:

Symboll 9898251 (my number of ADRs) GW PHARMACEUTICALS ORD TO ADRS ASSD
£0.00 n/a n/a $0.00 $0.00 $0.00 n/a

Whether or not they in future will show a dollar value I do not know. If they were to show a GBX value what rate of exchange would they use?

If you try to buy/sell you are asked to sign an 'Amalgamated Exchange Agreement'

I believe you can open a $US account and hold proceeds in dollars. I hope you can then convert by sending $US to a foreign exchange dealer to convert. I use HiFx.

They say selling your odd shares is commission free but I was charged £5.95 which I will query later

[future financier] 25/11/2016 10:26

etarip

Have TD completed this correctly for you? At the moment my SIPP has a sodding great hole in it where my former investment in GWP used to be. All I have is 9 leftover shares (not yet sold) and a zero holding in an unspecified US$ denominated stock at a cost of some tens of thousand of dollars!

[etarip] 25/11/2016 09:54

TDI have now converted my shares to ADRs. Sold the odd 4 shares left over.