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BLT, BENITEC BIOPHARMA LIMITED
plastic
post Posted: Today, 11:28 AM
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In Reply To: plastic's post @ Jun 26 2019, 01:36 PM

No update on the HK dairy company I follow. No update on the court case of the fraudsters associated with it either. And no update from the liquidators of its NZ subsidiaries either.
Everything is in a Mexican stand off stance.




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What did Uncle Mel do to us?
 
plastic
post Posted: Today, 10:15 AM
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This could drag on to the end of the quarter or early next. The Americans might not want to close anything this financial year.



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What did Uncle Mel do to us?
 
plastic
post Posted: Yesterday, 03:51 PM
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How contrived that ASX BS letter and response is. How about offering an indication of just when that data is due OR a reason why it is taking so long.

I guess if you are to put, "we can't provide an update on BB-401 because my nuts are in a vice over it and me and my mate Megs could lose our haymaking deal with Archa if I say anything," in a letter to the ASX for public release then people might start asking questions.

If the ASX wish to project the image of being on top of their game, why didn't they start asking questions when the volume jumped to over a million a day?



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What did Uncle Mel do to us?
 
plastic
post Posted: Jul 22 2019, 08:08 PM
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It came early. Out tonight. Extended by one week this time. Just one week.



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What did Uncle Mel do to us?
 
plastic
post Posted: Jul 22 2019, 05:33 PM
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Am expecting another extension from AEB tomorrow but from a morsel of information somewhere else I am expecting something to drop this week. Maybe even tomorrow.

Sunday evening in the US and I have never seen anything so quiet except for that period of time before the tsunami comes in.




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What did Uncle Mel do to us?
 
plastic
post Posted: Jul 20 2019, 05:59 PM
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If I can say anything good about Archer being backed into BLT after BB-401 is sold for a peppercorn, it is the Pay-Pal link.

Who founded Pay-Pal?

Clue: A New Zealander.

That pumptard on HC could be right in offering hope but not for this generation of BLT investors.




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What did Uncle Mel do to us?
 


plastic
post Posted: Jul 20 2019, 08:52 AM
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Looks like BNTC has stopped trading. Nothing doing for the last few days.

Where's the data on BB-401?




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What did Uncle Mel do to us?
 
plastic
post Posted: Jul 20 2019, 08:10 AM
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BLT was a spin out from CSIRO in the start. Had a couple of poison pills in the terms and when one expired the hatchet job transpired with certain individuals trying to steal the company. One of those directors is now at BIT and makes no mention of his time at BLT. At this time, the company was US based with US management. Namely Kay and Sara Whatever it is Now. CSIRO stepped in and saved the day. I'd like to say fortunately, but for shareholders that hasn't been the case and as it turned out, they backed a loser because the science is a bust.

Once CSIRO got involved, the Americanization of BLT became the Australianification with BLT being relocated back to Melbourne and if you believe the puff pieces and video had a very big and busy campus in Balmain. We saw the involvement of the Chinese, Citigroup vulture capitalists and now PSS.

When the Chinese handed the IP back to the American's that was the beginning of the re-Americanization of BLT. Now they have the lab in the US, US ownership, US staff and directorship. There are also a couple of token Aussies who seem to have been mandated with the task of doing something with the shell.

While that might be their in-house mandate, they are statutorily required to perform a fiduciary duty. Watching with interest to see what happens with BB-401. A fire sale of what could be a $500m asset to associated parties in order to get a self enriching project backed in to the BLT shell could put them in breach of these duties.

It's getting hot in here.



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What did Uncle Mel do to us?
 
plastic
post Posted: Jul 19 2019, 02:57 PM
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My goodness! What are the odds?

A director and the secretary, whose area of specialty is M&A, holding a directorship and CEO position in a unlisted high growth CASH HUNGRY company.

https://www.archa.com.au/team/

I bet they must be itching to get a public listing, some cash and a capital raise away. What must they be thinking now that Axovant has ditched out on them and BB-401 is reportedly a fizzer (but how would we know with no data update) and trading below cash?

My guess is BB-401 was part of a broader deal for PFE and ALNY. The shell is to be used as a vehicle for Archa to get a listing. That's what I would be thinking. If such a thing materializes I don't think these people have been honest and transparent with the market.

They should be reported!



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What did Uncle Mel do to us?
 
plastic
post Posted: Jul 19 2019, 02:36 PM
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In Reply To: plastic's post @ Jul 15 2019, 10:50 AM

A week to forget...again. Friday still to come in the US though.



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What did Uncle Mel do to us?
 
 


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