Henderson Mrly. Share Discussion Threads

[tiltonboy] 26/9/2010 22:03

More chance of the Pope renouncing his faith.

[thefruits] 26/9/2010 21:22

tilts.. interesting but no consolation.

I was wondering if Bishopsgate and GECR ought to put in some sort of donation to a shareholder appeal. Both supported AK's deeds and many shareholders have lost everything based on the credibility of both outfits.

After all, this eventuality now seems so obvious yet neither sought to warn hardworn HML lth. Why ?

I reckon if they between them stumped up £100k then if you exclude the AK / IP holdings, then all remaining shareholders would get, say 0.05p per share. Enough for those hit particularly hard such as dutch, pranch and ajax to try and get their lives back in check.

Small change to such millionaires I reckon

[tiltonboy] 26/9/2010 20:28

It's interesting to see how TW and now GE & CR have turned tail on the company, when there own shocking research in the first place led them to tip them.

[mike111d] 26/9/2010 20:13

Did GE&CR not routinely issue positve reports on HML, if so that ia quite an about turn on their part.

[sambuca] 26/9/2010 19:27

This is taken from

The GE&CR August 2010 Monthly View



Henderson Morley*
This company has entered administration. Our views on the behaviour of its CEO are unprintable and shareholders have lost everything. Penny biotech shares are risky. That risk is enhanced when such enterprises are run by individuals not fit to run a Scout Group let alone a public company.

Sam

[thefordprefect] 26/9/2010 17:41

PWhite you made these two statements at different posts:
The products may have worked but nobody wanted them because there were probably better products on the market or HML were simply asking too much.

Sceptics like myself pined at the time if this really was a cure for a form of herpes would HML be signing any deals with a nonentity like Cutanea

ICVT cannot be both a worse product and yet a cure for herpes a world beater - unless HML research was lies!

A deal was signed (Cutanea were being backed by a larger(?) company at that time) An I would agree with your statement about a cure for herpes - If it worked it would be a world beater!.

"Cutanea Life Sciences is a member of the family of bio/pharmaceutical companies founded in conjunction with Paramount BioSciences, Inc. This relationship provides the company further access to the resources and support needed to grow a successful drug development company."

Lindsay Rosenwald and His Paramount Biosciences

[squiresquire] 26/9/2010 14:43

I had asked about the KVH vaccine a while back and got onto posibly the most repected dealer in Koi in this country at Gatwick. Brian, the owner has very good relations through the industry and put me off the vaccine completely, I am really unsure what was driving the Mad Maxs of HML but I think they are about to lose greatly as well as us.

[kishka] 26/9/2010 11:21

whitey, hml could have come to the pi's for additional funding to secure the KMS deal.



Why did they go just to AK and IP, it doesn't add up

[pwhite73] 26/9/2010 09:41

thefordprefect

How new are you to HML?

I was posting on this board at the time of the Cutanae announcement. In March 2006 HML announced they had signed a deal with an 'un-named dermatological pharmaceutical company' but for some unknown reason they would not reveal the name. I remember people ringing up the company and speculating on names like Johnson and Johnson, Pfizer, Eli Lilly and Merck. It was not until September 2006 six months later did HML reveal it was an unknown company called Cutanea.

Sceptics like myself pined at the time if this really was a cure for a form of herpes would HML be signing any deals with a nonentity like Cutanea. In the Sept 06 announcement HML talked of royalties of $6.5 million and $115 million after ten years if marketing went to plan.

Of course it was all a scam to raise equity. There was no real commercial deal with Cutanea and both parties knew they could never sell such an outdated product in the US. Cutanea were a small US company who were formed that same year 2006. They wanted to give the early impression they were signing international deals and the same applied to HML.

Anyway for those of you who think Cutanea, AP and IP have run off with your millions here are the facts.

1. For the third quarter ending 30 June 2010 the auditor J.H. Cohn LLP expressed his doubt that Cutanea can continue as a going concern.

2. As a result of the auditor's report Cutanea filed for a public listing in September 2010 to fund their lead drug omiganan and provide vital working capital.

3. Debts to 30 June 2010 stood at US$20.1 million.

4. There are NO revenues coming in from any of their three candidate drugs inclusive of ICVT.

[bookiebuster] 26/9/2010 00:40

I wouldn't say the market is about "tricking investors" although can see where you're coming from. Instead I would argue the AIM is a 'tug of war' where companies seek to take advantage of investors (both PIs and IIs) to generate funds and on the other end of the rope investors seek to take advantage of a company's share price to generate trading profits

HML directors have all the rope now so clearly won this time. PIs need to pick themselves up dust themselves off and move on. Instead of berating directors maybe we should be applauding their victory? Respect the fact they stayed afloat for a long time on very little substance

[pwhite73] 25/9/2010 23:14

HML had a failed business model. The products may have worked but nobody wanted them because there were probably better products on the market or HML were simply asking too much.

But the real money HML sought was not from deals but from private investors like yourselves buying their ever discounted shares in the hope one day they would strike a genuine multi-million dollar deal. But that is what the AIM game is all about 'tricking investors'.

With credit markets dried up and savage cutbacks in research and development spending HML has reached the end of the line. I'm not quite sure why you guys have set up a private BB or what is it you are trying to achieve.

The administrators appointed would be specialists in this area. If they thought they could flog any of the IPs for £1 million do you really think they would be selling them back to AP and IP for a paltry £105K.

HML is gone and so should be all of you.

[thefordprefect] 25/9/2010 22:42

The HML web pages showing details of ICVT

[orado] 25/9/2010 16:43

Also, why did the Nomad, brokers, PR companies , etc etc (who were getting paid by HML) not do proper research?

[thefordprefect] 25/9/2010 16:21

"PWhite73 - 25 Sep'10 - 10:22 - 6116 of 6118
Why is it that private shareholders only do the serious digging after they have lost all of their money. All of this investigation should have been done before."

I dug. I tried contacting the researcers named but of course at the time they would not reply.
But it did at least check that HML were naming real people at real universities etc.
I looked at their patents
I looked at their document
I checked that companies existed that purchased ip rights
I believed that RNSs were true statements (am I wrong in this assumption?)

I sold many on the pump and dump rise so did not loose much. BUT someone somewhere has not been totally honest - e.g. if ICVT works then Cutanea will be paying millions. If ICVT does not work it should have been RNSed. same with KHV treatment. same with Preps.

If they all work then someone is going to be rich (not us). If it is all lies then ...

[thefordprefect] 25/9/2010 15:51

Milliecake - 25 Sep'10 - 12:09 - 6117 of 6117
Would a private phpbb board fill that criteria?

Having had a quick look at version 3 it seems OK.
The only disadvantage is having a webserver willing to run the code. I have not knowingly seen a bb using that software - do you have a link?

It is necessary to have viewing restricted to members only - I think this is possible but do you KNOW!

The cost of registering a web address is insignificant and not a problem.

The blocking software has a mind of its own (webmarshall) and often blocks crazy places (e.g. a pdf document of crytal oscillator!!)

[milliecake] 25/9/2010 12:09

"thefordprefect - 24 Sep'10 - 12:22 - 6111 of 6116

The BB is by invite only. I as others, have got blocked access at work so cannot send you an invite, sorry. Blocking occurs here on any social networking site (and random others!) so finding a easy access site is difficult. Needed are:
multiple threads
Privacy
Ability to store documents
Links section
Free(?)
Ban idividual option
Not considered to be "social networking"

Suggestions welcome!

"

Would a private phpbb board fill that criteria? I have set up and run several in the past, I don't think they're considered social networking. I'm not sure about private storage of documents via the board, although a private section on the website with name and pass could be set up.

[pwhite73] 25/9/2010 10:22

Why is it that private shareholders only do the serious digging after they have lost all of their money. All of this investigation should have been done before.

Remember, learn and move on.

[loverat] 24/9/2010 19:29

Well done Tiltonboy.

Thing with this is you have to keep on and do not give up. I don't know what happened here but I can guess this was another shafting.

The fact is, you have to really press hard to succeed.

I have seen so many threads where posters simply give up.

[jack1236] 24/9/2010 17:09

Hi Tilts

The Birm Post problem is that they are trying to show the area in a good light,
but national press don't have the same alligencies.

[tiltonboy] 24/9/2010 15:30

I have spoken to the reporter at the Birmingham Post, and I wasn't the first.