Provexis Share Discussion Threads

[bareknee] 29/8/2023 18:20

I would imagine it'll take quite some time for the authorities to plough through all the documentation in the submission, but that's a big step in the right direction.

[gix er] 29/8/2023 17:10

redprince, "the trials are still on going and the SAMR process may not even have started yet."

It all happened today.

"On August 29, the second day after the "Implementation Rules" were officially implemented, BY-HEALTH, the industry leader, took the lead in submitting the application for the new function of health food "helping to maintain normal platelet aggregation function and beneficial to blood flow health", becoming The first company in the industry to submit new function declarations and product registration applications.

The reason why BY-HEALTH was able to submit the innovation application at the first time was that BY-HEALTH had aimed at the new function of "maintaining normal platelet aggregation function" as early as 2015, and used Fruitflow, a water-soluble tomato concentrate known as "natural aspirin". ® (Hytonin), to carry out the research and development of the new function of maintaining normal platelet aggregation. The entire research and development lasted nearly eight years and invested tens of millions of funds."

[bareknee] 29/8/2023 10:23

Bloody hell, well, I didn't know that.

[gix er] 29/8/2023 07:38

Raymond John McKeeve was/is his name. Doubt he holds any shares in PXS anymore. Ocado might have been something to do with that.

[bareknee] 28/8/2023 14:59

Redprince Re "The many PIs"

I doubt many PIs, who are long term holders have more than a few million shares each.

According to a quick google search, the average volume of shares traded is roughly a million ( that was higher than I expected tbh ) With about 250 trading days a year and a free float of 1750 million that's a reasonable amount of the stock getting churned every year, which isn't really consistent with the idea of there being a large number of PIs who've invested a significant amount sitting patiently waiting for something to happen ?

Admittedly the shares being churned won't be all of the free float, but it's still probably sensible to assume that, over the years, quite a lot of the "long-term holders" have quietly sold up and moved on ? Doubtless you'll know a few long-termers from the AGMs who are still around, but I suspect they're the exception rather than the rule.

If you really want to influence things, you need to talk to Lucas. I understand your frustrations, but doing anything else is pretty much just fuming on the internet ... something I'm equally guilty of, and it can be good to spit it out, but it's basically farting into the wind :)

[redprince] 28/8/2023 14:19

BB - i think you ae perhaps confusing the largest shareholders with the many pi's who have (for them) invested a not insignifcant amount in here?

McKeever was the lawyer - i tried contacting him years ago to no avail.

No i have not tried to contact Lucas tbh although its always an option.

Lucas clearly sees value here in the longer term although i am sure McKeever thought the same all those years ago!

[bareknee] 28/8/2023 13:58

Re "... and imo shareholder interest has often come second to those of the bod."

Welcome to the world of loss making quoted companies RP, sadly, that's not uncommon. As far as major'ish shareholders over the years we've seen :-

Moon selling his shares.
DSM Venturing reducing their holding.
Rising Stars selling up
The lawyer who's name escapes me ( McKenna or something similar ? ) getting diluted below 3% and
Lucas building a holding

There's a few people on the boards who've said they've had fairly large holdings, but some of them have sold up or traded in and out a bit.

The only person with a significant number of shares who has seemed interested in seeing the project through is Lucas, so, rightly or wrongly, your hope that shareholders would be, in the past, or will be in the future, interested in influencing the direction of travel is fundamentally flawed.

If Lucas goes to the AGM, have you tried talking to him ?

[redprince] 28/8/2023 09:10

Absolutely gixer - the bb is for open discussion and you have been a great source of information about the company over the years.

My frustration is about the way this company has been run for the last 14 years and imo shareholder interest has often come second to those of the bod.

[gix er] 28/8/2023 08:53

redprince, No problem. We are all entitled to our opinions.

Frankly IF being in Australia was never an issue for me and in some ways may even have been a benefit to us. Plenty of technology nowadays to allow you to work (in certain jobs) anywhere in the world.

[redprince] 27/8/2023 09:33

Gixer - i have attended 3 agm's and the SIS meeting - i had to take flights for all of them.

The rewards are out of kilter with the results and level at which this company has been operating at and it has cost us greatly in dilution.

From SIS on it has been the death of a thousand cuts - Buck presided over all of this so in my view he should have been dismissed long ago.

IF and Professor O'Kennedy got 17 millikon share options taking their total options to 55 million each on 23 January last year - the exercise price is 0.83 pence - that is far too low in my opinion.

Wrt By-Health i understand why they did not launch when they originally planned to but my point is that this is always jam tomorrow and when the original announcement was made my gut feel was that it sounded too good to be true - and it was as 6 years on they still have not launced a meaningful product.

IF relocated to Oz shortly after the demerger and this was not declared for years which i find particularly disengeneous - because it is.So it was hidden.He also tries to duck phonecalls from anyone who will challenge him and call him out on anything.

We saw the planned substantial launch of MM shot format ditched because of lack of exclusivity by DSM - no one called them out on this.I asked about this policy at an agm but others choose to ignore it - this has cost us again.

Shareholders have singularly failed to hold the board to account - anyone earning a six figure salary running a company like this should be held to account.Ford is not and every year he and Buck feed the faithful exactly what they want to hear and fob them off for another year.

The pi's and apologists (like the fool on lse) have only themselves to blame.

Not having a pop at you gixer but these are my genuine thoughts after 14 years in this company.

[gix er] 26/8/2023 19:33

redprince, I can't comment on anything AGM as I have never attended one or indeed felt the need to go on a 800 mile round trip to hear what I already know as nothing can be said that hasn't already been released.

But, and I know you wont like what I say, By-Health did launch a product, under the GymMax brand, sometime in 2018. Unfortunately it was only for the exclusive use of Chinese national athletes. Why a product wasn't released to the general population I don't know but the tightening of the regulations around that time might have been something to do with it and then the decision to go for Blue Cap and now a new health function claim. The SAMR process has indeed started but will not have been submitted yet. Hopefully By-Health will have everything in order once the Implementation Rules for New Functional Technology Evaluation of Health Foods are officially released.

Although IF did not make it obvious that he was working from both the U.K. and Australia it certainly wasn't hidden and was reported in both the 2019 and 2020 annual results.

[redprince] 26/8/2023 09:23

The fact that this circus has gone on for 14 years since gaining an EFSA approval and the shareholders have not demanded a clear road map or any other metric upon which to judge the bod's performance says we deserve all we get.

Over those 14 years shareholder value has been destroyed almost completely,we have benn given the usual cut and paste drivel every year (same again at this years agm) and the faithful few turn up to be told what they want to hear at each agm and then tell the rest of us that this will be the year.

By-Health were to luanch product by end of 2017 - the trials are still on going and the SAMR process may not even have started yet.

IF hid in Australia for years and none of us knew!

The agm will be full of paid flunkeys and attendees will have the pleasure of listening to the hapless Buck reading out the usual formalities.I pointed out years ago that he was useless and long after we got an RNS to confirm his uninspiring track record which was almost certainly forced by the largest shareholder.

Still its all part of my education i suppose.

[gix er] 23/8/2023 18:00

and for UK
hxxps://www.blocked.org.uk/

[gix er] 23/8/2023 17:57

ADVFN didn't seem to like that link so try this one.

[gix er] 23/8/2023 17:54

Same thing with both www.by-health.com (english) and www.by-health.com.cn (chinese)websites.

They appear to be accessible within China
[...]

but not the UK except for a couple of ISP (Internet service providers)


Hopefully its just a glitch and it comes back soon.

[bareknee] 23/8/2023 12:27

Gixer

Me neither, doesn't make sense, Most of the sites blocked are to stop the Chinese using Western sites, but there are some the other way too. I wondered if it was a general anti-USA / Western thing on health and pharma, so I had a quick look at a few other similar Chinese companies sites and they all worked fine.

It might just be that the non-Chinese By-Health website is broken and they don't know !

[winner31] 19/8/2023 09:12

Maybe they have a groundbreaking new ingredient that they don’t want the world to know about!!

[gix er] 19/8/2023 05:17

Not guilty your honor :)

I was thinking it might be the Chinese firewall but cant understand why that would happen in this instance.

[bareknee] 18/8/2023 21:55

byhealth's site probably been put behind a Chinese govt firewall. Happens to loads of Chinese sites, though, in this case, I like to think it's because they didn't like Gixer keep asking them questions !

[winner31] 18/8/2023 18:30

Just keeping us in the dark as usual !anyway only 6 weeks today until results! but I have a feeling something will be released before that whether it is good or bad for us is another thing.imho

[gix er] 18/8/2023 18:18

I think you will find that it is still available in mainland China but for some reason not in the U.K.

[winner31] 18/8/2023 13:21

Perhaps the By health website is down because they are updating it with all the new Fruitflow products ! Joking of course

[winner31] 17/8/2023 10:38

Heart health selling well , pity we haven’t got anything ready yet . What are some of the data highlights from July?
Heart health supplements had the highest market share in sales, accounting for 18.85%, with sales reaching 260 million yuan. In addition, TMO observed that while the overall sales trend of overseas health supplements dropped, overseas respiratory nutrition supplements for lung health experienced a significant increase.
Swisse maintained its lead in sales with 148 million yuan in July 2023, representing a decrease of 42.32% compared to the previous month. It is worth noting that in July 2023, American brands Allnature and Folotto emerged as unexpected successes, entering the top ten list of sales for the first time since 2023. This achievement can be attributed to the concentrated listings of products. From the end of June to July 2023, Allnature had 23 SPUs listed on Taobao and Tmall, including high-purity PQQ+ coenzyme Q10 mitochondrial beauty capsules.