Micap Share Discussion Threads

[trixter] 04/10/2007 17:43

selling faster than the proverbial hot cakes!

[trixter] 03/10/2007 17:43

and another 2 mill. 11 mill to shift? Sale to finish in a week or two?

[trixter] 02/10/2007 17:49

only a mill sold today. So they have about 13 mill to shift?...shouldn't take too long....

[trixter] 01/10/2007 18:03

..another 3 mill! wonder who's buying?

[trixter] 28/9/2007 17:59

6 & 1/2 mill at 1.35 !! Has to have been a buy doesn't it? A sell on from HB to someone?

[trixter] 28/9/2007 11:57

Hi Baton - thanks a lot for that. I guess ink jet technology is not incompatible with yeast encapsulation unless particularly small nozzles are used and I don't see it for this application. The fact that yeast is mentioned specifically in the patent is somewhat encouraging. It is just that MICAP have gone awfully quiet on that...

[baton] 28/9/2007 09:05

Trixter

I know you have been wondering if Micap's yeast technology could be used in Meldex's smoking cessation product (SCP).

Here is a link to the patent. Remember the patent tries to cover as much as it can. So there is a small passage covering yeast which I presume is Micaps technology. However, the patent goes to great length to describe inkjet technology which, again I presume, does not include Micap's technology. So, my personal thinking is that Micap's technolgy is not involved.

Have a read of the patent and decide yourself.



Here is the small passage mentioning yeast:

Alternatively, nicotine may be provided in an alternative form, for example nicotine microencapsulated in yeast. The microencapsulation of nicotine in yeast is generally described in WO 00/69440, the disclosures of which are incorporated herein by reference.

Here is the passage describing the inkjet technology:

A particularly preferred method of application of the fluid is via the means of one or more spray jets, such as those used in ink jet technology. For example, the printing system provided by a standard commercial inkjet printer can be used to apply the fluid. Apparatus comprising such spray jets can be seen in Figure 8, wherein the base water- soluble film 3 is represented as moving from right to left, under a spray jet 1 (which may be a single spray jet or a group of spray jets). Spray jet 1 applies fluid 2 comprising nicotine 5 to the surface of water-soluble film 3, and over time nicotine 5 disperses into water-soluble film 3. When applying a liquid fluid by this method, the viscosity of the liquid and the precise solvents used will need to be compatible with the inkjets, although this can be easily achieved by a man skilled in the art.

Multiple applications of the fluid may be necessary, depending upon the desired dosage of nicotine the film is intended to provide, and also on the extent to which the particular form of nicotine is soluble in the particular solvent. Based on these criteria, the man skilled in the art would be readily able to calculate the necessary number of applications, with 1-10 applications being common, and at least 2 being preferable. Where multiple applications are provided, it is preferable to allow a previous application to dry, either partially or in total, before providing a further application of fluid. An interval of at least 15 seconds between applications is preferable. Advantageously, the applications may be provided in register with each other, such that each successive application of fluid is applied to the same surface area of the base water-soluble- film as that to which the previous application- of fluid was applied- -

When providing multiple applications of fluid, it may be desirable to provide a conveyor-based apparatus for the production of the film comprising multiple groups of spray jets. In such an apparatus, the base film is moved along a conveyor belt, passing

under a plurality of groups of inkjets (each group comprising at least one inkjet). The groups of inkjets may be arranged in series relative to the direction of movement of the conveyor belt, and the speed at which the film moves along the conveyor belt may be such that it provides that the interval during which a point on the film passes from a first group of inkjets to a second group of inkjets is sufficient to allow the fluid from the previous application to dry to a degree sufficient to permit the next application of the fluid. Preferably, the interval during which a point on the base film passes from one group of inkjets to the next group of inkjets in the series is at least 15 seconds.

Such an apparatus is shown in Figure 9, wherein the base water-soluble film 3 is represented as moving from right to left, under a group of spray jets 1 (which may comprise one or more spray jets). Spray jet 1 applies fluid 2 comprising nicotine 5 to the surface of water-soluble film 3. The film is then transported towards a second group of spray jets 7. The time interval during which the surface area of the film to which fluid 2 was applied is transported from the location at the first group of spray jets 1 to the location at the second group of spray jets 7 is sufficient to allow fluid 2 to at least partially dry. The second group of spray jets 7 then applies more fluid 2 to the same surface area of the film to which the first group of spray jets 1 applied the fluid 2. In this manner the amount of fluid applied to that specific area on the surface of water- soluble film 3 is increased. Over time nicotine 5 disperses into water-soluble film 3. Figure 10 shows a further embodiment of the present invention in which apparatus as per Figure 9 is provided, the apparatus further comprising means 8 for heating the film 3 to assist the drying of fluid 2 on the surface of film 2 between successive applications of fluid 2.

The use of ink jet technology enables the fluid to be distributed evenly across the film, and can also enable the fluid to be applied to precise areas, the fluid being optionally evenly distributed within suchTareas, and even in particular patterns. This is advantageous where it is desirable to locate the nicotine only in certain areas of the film, for example if the film is to be one layer of a multi-layer film, it may be advantageous to provide nicotine only to parts of the film which will not be exposed on

external surfaces of the multi-layer film, for example, so as to protect the nicotine and prevent its contamination or degradation. The use of ink jets to apply the fluid in precise locations on the film may also reduce the amount of wastage of nicotine, in comparison to other methods. Upon application of the fluid, the nicotine may disperse through the film to a degree sufficient to provide complete homogeneity of the nicotine with the base film. Alternatively, there may be only partial absorption or dispersal of the nicotine. This will lead to the nicotine remaining substantially within the area of application, which may be advantageous, for example, when the film is to be used as part of a multi-layer film, in order to protect the nicotine. Fugitive solvents may be included within the fluid to accelerate the absorption of the nicotine.

[trixter] 28/9/2007 08:24

...doesn't look like (m)any available. Mapstone made very optimistic statements and has a reputation to maintain. That is encouraging surely?

[drjudywood] 28/9/2007 08:22

well if turnover keeps rising like it is then should be in profit very shortly..up 120%...very strong buy if you can get them today

[trixter] 28/9/2007 08:17

Looks like no online trading...wonder how this will finish the day?

[trixter] 28/9/2007 08:10

Well, could have been a lot worse. Placing provides a good foundation going forward and there are glimmers on the agrochemicals work. The increasing involvement of Mapstone has to be good news. I take it all back! There is still the tantalising link up with MDX (or not). I'd have liked to have bought more at the riduculous opening price, but cannot get any and the price is now up a bit - but still can't buy on line and it's 1.40 - 1.40 LOL! It would also be good if PIs could get the placing price occasionally.... Might drop as HB feed into the market, unless they already have a home for these? Otherwise at least the issued shares will be very tightly held. IMO, DYOR, etc.

[trixter] 27/9/2007 16:38

....and let's hope the folk at MICAP burn the midnight oil to produce a decent statement after all this time, without too many excuses and failures and maybe even some good news :)

[trixter] 27/9/2007 14:16

Let's hope you are wrong! ;)

[trixter] 27/9/2007 13:37

matto - do you know that or are you summising?

[matto] 27/9/2007 13:32

Suspension looming again!

[trixter] 27/9/2007 13:01

....well, at least there hasn't been a rush to the door....yet....maybe peeps closer to the co. already left the party...? Or maybe the party restarts with a swing tomorrow? Maybe they have all been partying on Tillymint all summer...? Anyway, let's hope we are not let down tomorrow. DYOR, etc. (if you can find anything out there that is not a year + old)

[trixter] 27/9/2007 08:36

This is what Norris concluded at annual results (12 June 06) last time:

"I look forward to the coming months with great confidence.

Michael Norris
Chief Executive"

Let's see how that great confidence turned out over a year later! IMO forward looking statements like that are irresponsible unless backed up with something and the confusion/delay over release of results this summer and the lack of any news from MICAP this year has been poor to say the least!

[trixter] 27/9/2007 07:07

Still no news and if results not out tomorrow then suspension? Great work Norris et al!

[optimist at large] 26/9/2007 21:39

I'll be very pleased if there is a linkup with MDX but the share price suggests not.

[drjudywood] 26/9/2007 21:02

can't see what nufarm has to do with micap though when its bioprogress we should be looking at..or meldex

[trixter] 26/9/2007 20:13

Opti - I hope your name isn't misplaced.

This was the mention of the UK in Nufarm's results relased yesterday.



"Both France and Spain also increased sales and profit, however the UK business suffered from the withdrawal of a product registration and delays in the introduction of planned new products. These impacts occurred very late in the financial year and had a substantial negative impact on the UK results."

Okay, Nufarm UK must have a few things on the go and this may: (i) mean nothing for Micap; (ii) mean the Micap programme has not gone well; (iii) the MICAP programme delayed (which we knew - they wanted another 6 months) but new products will come; (iv) other programmes not gone well - they need MICAP; (v) something else entirely. All speculation, AIMO, DYOR, etc. but thought I would at least share this morsel - there's not many crumbs for us to go on. Could be nothing, could be bad, could be good. Let's hope they tell us somethings soon! The full release from Nufarm can be found on their website - see above.

[optimist at large] 26/9/2007 17:06

Results tomorrow?

[trixter] 26/9/2007 07:42

Perhaps they are waiting for Mr Mapstone to get back from a round the world cruise or he's too pre-occupied fixing Hill Station...! Let's hope MIC are not another HLL!