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plastic
Posted on: Today, 07:55 AM


Group: Member
Posts: 10,848

Couldn't happen to a nicer bunch of assholes.
More to come I feel.


https://www.bbc.com/news/business-56755610

QUOTE
Citigroup will shut down consumer banking operations in Australia, Bahrain, China, India, Indonesia, South Korea, Malaysia, the Philippines, Poland, Russia, Taiwan, Thailand and Vietnam.

  Forum: Off Topic Chat

plastic
Posted on: Yesterday, 03:42 PM


Group: Member
Posts: 10,848

These vaccine trials are old tricks at next level. Only this time, its in the west and endorsed by the politicians. You can see why Moderna has hired new legal counsel and Merck ditched out on them. Doesn't it make you a bit cynical?


https://www.theguardian.com/world/2007/jun/...thandwellbeing1

QUOTE
The Nigerian government is suing the world’s largest drug manufacturer, Pfizer, for allegedly carrying out illegal trials of an anti-meningitis drug that killed or disabled children.




https://www.theguardian.com/world/2011/aug/...ug-compensation

QUOTE
Pfizer pays compensation to families of four children after 15-year legal battle over controversial drug trial in state of Kano

  Forum: Off Topic Chat

plastic
Posted on: Yesterday, 03:38 PM


Group: Member
Posts: 10,848

Reading about the clots from the vaccines I am reminded about the kid who died from the Nucleonics therapy. Apparently, that set the industry back about ten years. Now, it appears if you die while taking an experimental gene therapeutic, it doesn't make any difference. The politicians are just going to endorse whatever it is they are told to by their power brokers and the regulators will just go along with it.

Surely, this situation cannot continue. AZ and JNJ, both companies who worked with BLT's ddRNAi, have to pull their vaccines.
  Forum: By Share Code

plastic
Posted on: Yesterday, 10:19 AM


Group: Member
Posts: 10,848

You will get the NRA argument: Guns don't kill people!

In other words, the clots have nothing to do with the vaccine.

Yeah. Sure.

Just wash your hands regularly and theres a good chance you wont get covid. If you do, you will be back to normal in about a week.
  Forum: Off Topic Chat

plastic
Posted on: Apr 16 2021, 12:33 PM


Group: Member
Posts: 10,848

How to generate new cash flows when all your other blockbusters have gone off or about to come off patent protections.


https://www.nzherald.co.nz/world/covid-19-c...ACAA63HITYTMWA/

QUOTE
The CEO of Pfizer believes people will need a third dose of the Covid-19 vaccine six to 12 months after their first round.

During a panel discussion hosted by CNBC, Albert Bourla said: "Protection goes down by time but still in six months it's still extremely, extremely high."

Bourla added that he thinks people may need to be immunised against coronavirus annually.

  Forum: Off Topic Chat

plastic
Posted on: Apr 16 2021, 12:22 PM


Group: Member
Posts: 10,848

I suspect the technology Novavax is using will be the same technology which is used by the Chinese and Russians. A bit like each party developing their own aerofoils for a plane once flight was discovered. Then putting it out there to see which one performs best.

In this case, flight is gene therapy. The aerofoil is the modality of delivery for the oligonucleotide and the test is made under false pretences of a pandemic to skip around all the rules required for proper trials. Such a crisis also minimizes the risk of bandits stealing the IP.

It appears the US planes don't fly too well.
  Forum: Off Topic Chat

plastic
Posted on: Apr 16 2021, 12:11 PM


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Posts: 10,848

Given the Merck connections and history with newbies it would make sense the cornerstone holder upon consolidation will be Merck.

The only unknown is at what price.

If you are Merck, why would you pay 17c if you can buy it for less?

That might explain the long dated options priced in at 17c.
  Forum: By Share Code

plastic
Posted on: Apr 16 2021, 09:37 AM


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Posts: 10,848

In the west we are not told anything on the efficacy of the Russian or Chinese vaccines. We would be told if people were falling over dead from them though or if the pandemic was still causing social harm.

We can only assume, everything is in order as it should be. The Germans are even in discussions to take the Russian vaccine.

Meanwhile, Novavax' vaccine isn't getting any authority for use from the Americans despite data showing its the most efficacious of all.

No word from Novartis, Roche, Bayer on what they are doing. Instead, we get induced into an experimental drug trial under false pretences of urgency due to a manufactured crisis....a deadly pandemic which the majority of people recover from in a week or so.
  Forum: Off Topic Chat

plastic
Posted on: Apr 16 2021, 06:44 AM


Group: Member
Posts: 10,848

For 12 months BNTC is down 14%. For the last 6 months its up 57%.

Remember the old story: It's not timing the market but time in the market which makes the money.

If this is true, then there's huge upside coming because there are a lot of people who are bitter about the losses they have incurred from holding this dog.

The perennial freeloaders in the boardroom must be very concerned about it all.

Price down 10% again today.
  Forum: By Share Code

plastic
Posted on: Apr 15 2021, 03:52 PM


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Posts: 10,848

Up 10%. Maybe more. Day isn't over.
Sieve leaking.
  Forum: By Share Code

plastic
Posted on: Apr 15 2021, 12:22 PM


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Posts: 10,848

I kind of wonder why they bother holding these conference calls and shareholder presentations when they never tell you anything meaningful.
I guess, when you are milking it for all you can, you have to keep up some kind of pretence of go forward, high achieving professionalism. Just like all those conferences they had in Queenstown in the middle of winter. Going for a skiing junket had nothing to do with anything when you can mask it in op-ex.
  Forum: By Share Code

plastic
Posted on: Apr 14 2021, 02:11 PM


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Posts: 10,848

At about 1.45PM today, it was bye bye macca.

Crazy really. Don't you know we are on the verge of greatness?
  Forum: By Share Code

plastic
Posted on: Apr 14 2021, 12:40 PM


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Posts: 10,848

Comptroller must've taken lunch today at 12.15PM. He must also be running the ANP book as well.
  Forum: By Share Code

plastic
Posted on: Apr 13 2021, 06:54 PM


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Posts: 10,848

Engaging in cartel like behaviour just became an imprisonable offence today.

Lucky then that after a Commerce Commission enquiry into the gib market Boral-USG turned up to give the impression of a perfectly competitive market.

We just need CSR to turn up to put the cat amongst the pigeons.

Otherwise, I am still left wondering what is the difference between a cozy duopoly and a cartel.
  Forum: By Share Code

plastic
Posted on: Apr 13 2021, 05:37 PM


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Posts: 10,848

Given the outcomes from the AZ and JNJ vaccine "trials" I think it is clear and obvious as to why I constantly maintained BLT's ddRNAi was a bust. Their delivery vehicle was a virus as well.

Good thing they switched to some kind of antisense siRNA in the end.

I must admit though, I don't follow it as closely as I once did so can't be as sure about their current status. There must be however, a good reason why they shifted up to the US, why MS bought in and why they are still listed.
  Forum: By Share Code

plastic
Posted on: Apr 13 2021, 02:04 PM


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Posts: 10,848

School holidays this weekend. As my broker mate once said to me, forget about school holidays. Nothing ever happens during school holidays.
  Forum: By Share Code

plastic
Posted on: Apr 13 2021, 01:20 PM


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Posts: 10,848

Suspension extended.


Must be a big letter or a complicated story.
  Forum: By Share Code

plastic
Posted on: Apr 13 2021, 09:29 AM


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Posts: 10,848

Hopefully nipper and a few others here stood up to be counted and did the thing that leaders and real men do. I'll take my chances with the virus and make sure I respect the concept of personal space and wash my hands frequently. Because that's all that's needed.

The majority of people are over it in a week or less with existing medicines.

https://www.abc.net.au/news/2021-04-13/john...ralia/100064454


QUOTE
The Johnson & Johnson vaccine is based on similar technology to the AstraZeneca vaccine.
  Forum: Off Topic Chat

plastic
Posted on: Apr 12 2021, 01:33 PM


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Posts: 10,848

And back at one.


High made late last year at 20c.


Expect a placement and consolidation at that price.
  Forum: By Share Code

plastic
Posted on: Apr 12 2021, 01:13 PM


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Posts: 10,848

Comptroller must've gone for lunch at twelve on the dot. A very slow day all things considered.
  Forum: By Share Code

plastic
Posted on: Apr 12 2021, 09:28 AM


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Posts: 10,848

SAGE to be the next FPRX on this announcement.
  Forum: By Share Code

plastic
Posted on: Apr 10 2021, 12:23 PM


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Posts: 10,848

Lets not forget that Senior by replacing Junior and stepping down off the board has basically relinquished control. He can no longer determine the course this company takes. Technically speaking. It also allows him to sell down without having to notify the market as long as he is within guidelines. A consolidation will see him go under the SSH threshold I expect.

And all this almost straight after the AMGN-FPRX deal gets done.

Remarkable.
  Forum: By Share Code

plastic
Posted on: Apr 10 2021, 10:34 AM


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Posts: 10,848

My money is on a sharp correction very soon. The new hot shots taking long dated options at a very cheap price and the fact that it is getting cross promoted on HC. That's without even looking at the capital structure or cashflow needs if the status quo remains. Then ask yourself, what if the data is a bust?
My guess is the data will be a bust because PYC is an assist for oligo delivery before anything else. Like I have said before, if this were nuclear power, PYC is the heavy water hydrogen isotope. It is not the atom splitter.
  Forum: By Share Code

plastic
Posted on: Apr 10 2021, 09:16 AM


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Posts: 10,848

If they are ok witholding disclosure of the United coverage from the market, what else are they witholding?
  Forum: NZX

plastic
Posted on: Apr 9 2021, 08:19 PM


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Posts: 10,848

It is strange that it took a disclosure by someone else ten days ago to force PEB to make this announcement today. Obviously PEB would've been aware of the coverage and if continuous disclosure is adhered to they should've announced it themselves when they became aware of it. Clearly they didn't which puts them foul of the regulations.

But do you think the regulator will do anything against the boys club?

Of course not. Which is why nobody gives a damn about the rules and regulations and why nobody has an ounce of confidence in the NZX. Especially when all they can attract to the market is a online grocer and a used car sales yard.
  Forum: NZX

plastic
Posted on: Apr 9 2021, 02:06 PM


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Posts: 10,848

For some strange reason I am yet to see an article which involves Roche or Novartis in anything Covid related.
  Forum: Off Topic Chat

plastic
Posted on: Apr 9 2021, 12:57 PM


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Posts: 10,848

Golden cross about to occur. Day trade price above the cross price and we can look forward to the current Johnny come lately CEO if not Junior hog the microphone and say nothing save for platitudes and bullshit at next weeks update.

Price is either going to get some wind beneath it or coming crashing back to reality very, very soon.
  Forum: By Share Code

plastic
Posted on: Apr 9 2021, 09:24 AM


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Posts: 10,848

Boy oh boy. Some shorts will have been fried this morning. Not that anyone will ever know because shorting the NZX is only available to a select unknown few who don't have to disclose their positions.

Perhaps it was the rehypothecators that got burned instead.
  Forum: NZX

plastic
Posted on: Apr 9 2021, 07:45 AM


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Posts: 10,848

USG - Boral being bought up by Knauf. FBU had better get that new plant underway soon to get that increased capacity.

I see a ramping up of competition coming soon. Not good when gib is the cash cow.
  Forum: By Share Code

plastic
Posted on: Apr 9 2021, 03:45 AM


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Posts: 10,848

Why there is something fishy about the holding back of the Novavax vaccine. No North Atlantic FTA yet either.

QUOTE
Multivalent Dirk Haussecker@RNAiAnalyst·7hCompare: $NVAX interim results end of January...EU approval maybe June. $CVAC pivotal study not even fully recruited...expects EU approval same time.

I think JNJ are using the adeno virus as well as AZ. Now they are having problems.

Which would you rather have, the disease of the cure?

https://www.zerohedge.com/covid-19/mass-cov...ctions-reported

QUOTE
A mass vaccination site at Dick's Sporting Goods Park in Colorado was shut down after several adverse reactions to the Johnson & Johnson CCP virus vaccine, said Centura Health, which is managing the site.
  Forum: Off Topic Chat

plastic
Posted on: Apr 8 2021, 01:30 PM


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Posts: 10,848

Something unusual about this Novavax vaccine. Its supposed to be the most efficacious of them all but still has not received any approval for use. Yet people are dying on the AZ one and its still being pushed. Now Australia is going for it and Germany are in talks with Russia for theirs.

Can't tell me games aren't being played.
https://www.afr.com/policy/health-and-educa...20210407-p57h6a

QUOTE
Novavax firms as third vaccine for Australia</h1>
Jill MargoHealth editorApr 8, 2021 – 10.20amAustralia's regulator is assessing early data about the Novavax vaccine, which has a high chance of becoming the country's third vaccine against COVID-19.
  Forum: Off Topic Chat

plastic
Posted on: Apr 8 2021, 12:20 PM


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Posts: 10,848

Arborgen is a father and son show. Hopefully they won't be affected after all that hard work they've put in on the two company one strategy plan.

https://www.zerohedge.com/markets/another-f...-academy-sports

QUOTE
In the aftermath of the Archegos blow up, the biggest nightmare on Wall Street - where there is never just one cockroach - is that (many) more Archegos-style, highly levered "family office" blow ups are waiting just around the corner.
  Forum: NZX

plastic
Posted on: Apr 8 2021, 12:17 PM


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Posts: 10,848

Selling begets selling. It starts with a drop and ends in a tsunami. As they say, sell in May. Could be a collapse instead.
https://www.zerohedge.com/markets/another-f...-academy-sports

QUOTE
In the aftermath of the Archegos blow up, the biggest nightmare on Wall Street - where there is never just one cockroach - is that (many) more Archegos-style, highly levered "family office" blow ups are waiting just around the corner.

  Forum: Investment Discussion

plastic
Posted on: Apr 8 2021, 09:17 AM


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Posts: 10,848

Locally, TV3's JC and PG exist as Icarus precedents for curtailed careers after upsetting incumbent leaders.

Today is Apologies Day.
  Forum: NZX

plastic
Posted on: Apr 8 2021, 07:30 AM


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Posts: 10,848

Down over 7% on tiny volumes relative to the average.

Has to be a reason why MS bought in. Or maybe they were rehypothecated in to it.
  Forum: By Share Code

plastic
Posted on: Apr 7 2021, 08:28 PM


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Posts: 10,848

Mike Hosking. Piers Morgan. Alan Jones. All cut from the same cloth and sailing with the same gib. How does it end do you think?
https://www.nzherald.co.nz/nz/barry-soper-m...DL37ZWKDDGF7QY/
  Forum: NZX

plastic
Posted on: Apr 7 2021, 11:18 AM


Group: Member
Posts: 10,848

Here's your opportunity Macca.

Buy up big.

It's a sure thing all the way to the bank.

Woop woop.
  Forum: By Share Code

plastic
Posted on: Apr 7 2021, 11:09 AM


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Posts: 10,848

What usually happens to an employee who thinks he is bigger than the employer and feels entitled to diss on the highest office in the land?

Perhaps he already knows how it'll end.

https://www.nzherald.co.nz/nz/mike-hosking-...LNVQYMUC2P525A/


QUOTE
Mike Hosking and Prime Minister Jacinda Ardern: Newstalk ZB host says 'I don't want her back' on show
  Forum: NZX

plastic
Posted on: Apr 7 2021, 08:43 AM


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Posts: 10,848

That's strange. I posted a comment on the AHI thread yesterday, now the entire thread has been removed.

The thread was so old with no posts that the company was actually defunct but the ticker has obviously been reprised. But now someone has decided to send it to ticker thread heaven.

All I said was, the current suspension extension might be a whiff of something about to go down in the biotech sector.

Lets hope.
  Forum: By Share Code

plastic
Posted on: Apr 6 2021, 03:19 PM


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Posts: 10,848

After the Viacomm and Discovery dumps of last week from Archegos' fail, today we have 28m reasons to suspect SKT is rehypothecated as well.

What will be interesting is the impact on other parties. I think that still has to play out.
  Forum: By Share Code

plastic
Posted on: Apr 6 2021, 07:54 AM


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Posts: 10,848

And down 16% last night. Bulls v bears on light volume. Two steps forward one step back. Both must know something to suddenly take an interest in this dog.
  Forum: By Share Code

plastic
Posted on: Apr 5 2021, 02:32 PM


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Posts: 10,848

It's back to the future if you the DMC story.

And if they know, which I am sure they do, then they're having a laugh.

Wouldn't go near this with a barge pole based on name only.
  Forum: By Share Code

plastic
Posted on: Apr 5 2021, 02:11 PM


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Posts: 10,848

Big word. I suggest a clot would be far more appropriate than triage in your case.
  Forum: Off Topic Chat

plastic
Posted on: Apr 4 2021, 08:36 PM


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Posts: 10,848

The benefits are that once you are dead, you are no longer contagious.

Which is worse, the disease or the cure?


QUOTE
UK: Benefits outweigh risks for AstraZeneca despite 7 deaths</h2>LONDON (AP) — Britain's medicines regulator is urging people to continue taking the AstraZeneca coronavirus vaccine, despite revealing that seven people in the U.K. have died from rare blood clots after getting the jab.
  Forum: Off Topic Chat

plastic
Posted on: Apr 4 2021, 04:14 PM


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Posts: 10,848

What was the reason ScoMo got his flash as state dinner from Trump for?

https://i.stuff.co.nz/national


QUOTE
Covid-19: Australia's AstraZeneca rollout to continue amid probe into man hospitalised with blood clots
  Forum: Off Topic Chat

plastic
Posted on: Apr 4 2021, 02:55 PM


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Posts: 10,848

Is Rip van Winkle your cousin?
  Forum: Investment Discussion

plastic
Posted on: Apr 4 2021, 08:54 AM


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Posts: 10,848

JPM chose to opt out of its Hokey Cokey dance with Arborgen in the end. Turns out, according to the article in previous post, they also chose to opt out of rehypothecation leverage.

Is this just a coincidence?
  Forum: NZX

plastic
Posted on: Apr 3 2021, 07:05 PM


Group: Member
Posts: 10,848

Here is a respected RNAi scientist dissing on AZ's vaccine. If you are in Australia, you are still "lucky" enough to get their vaccine so you can avoid a virus which most people will recover from in about a week or so.

NZ had the Novavax vaccine lined up along with the Pfizer one. Then all of a sudden, it was dropped and we went 100% Pfizer. No explanation given. But Jacinda hasn't taken her jab yet. I wonder if she is waiting to take the Novavax one. For some reason it is lost in a maze of red tape trying to get the necessary authorization for use but AZ has no such trouble. Can't tell me there aren't games being played in the background. The vaccine is a political football being kicked around by big pharma and their lobbyists. The purity of science as the leading light is a misnomer.

Which would you rather have, the disease or the cure?

QUOTE
Multivalent Dirk Haussecker@RNAiAnalyst·23h#covidvaccine As UK is finally* admitting to CSVT issue w/ AZ adeno-based vaccine, pressure mounts for US to come clean on similar signals seen w/ JNJ adeno vaccine. In both cases, increased urgency for $NVAX vaxx. *serious Q: what took them so long?
  Forum: Off Topic Chat

plastic
Posted on: Apr 2 2021, 05:04 PM


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Posts: 10,848

I think I know who this wasn't. And he obviously doesn't read this thread.

Would you rather have the disease or the cure?


https://i.stuff.co.nz/national/health/coron...astrazeneca-jab

QUOTE
Coronavirus: Australian man admitted to Melbourne hospital with blood clots after having AstraZeneca jab
  Forum: Off Topic Chat

plastic
Posted on: Apr 2 2021, 04:25 PM


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Posts: 10,848

Do your duty and get yours first. Lead the way Macduff lest people suspect you're not what you make yourself out to be.
  Forum: Off Topic Chat

plastic
Posted on: Apr 2 2021, 11:12 AM


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Posts: 10,848

Archegos the biggest collapse since LTCM. This is what Google says about LTCM.

Happened eleven years after the 87 crash. Now 12 years since the GFC. Or 11 if you shift the start and finish times around.

My question is, what will the intervention be this time if Archegos precipitates the same or similar outcomes?

Personally I will be excited to see banks capitulating and Forex controls on the border. Higher landowner taxes in the property sector, a transaction tax in the financial markets and partnerships between the state and industry.

QUOTE
Long-Term Capital Management (LTCM) was a large hedge fund, led by Nobel Prize-winning economists and renowned Wall Street traders, that blew up in 1998, forcing the U.S. government to intervene to prevent financial markets from collapsing.
  Forum: Investment Discussion

plastic
Posted on: Apr 2 2021, 10:18 AM


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Posts: 10,848

Sell in May. April now.

Collapse coming?
  Forum: Investment Discussion

plastic
Posted on: Apr 2 2021, 10:07 AM


Group: Member
Posts: 10,848

Wasn't Arborgen involved with this?

Could be all over for Junior's gravy train.

QUOTE
Rehypothecated Leverage: How Archegos Built A $100 Billion Portfolio Out Of Thin Air... And Then Blew Up


QUOTE
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print-icon
Rehypothecated Leverage: How Archegos Built A $100 Billion Portfolio Out Of Thin Air... And Then Blew Up
Tyler Durden's Photo
BY TYLER DURDEN
THURSDAY, APR 01, 2021 - 06:13 PM
One week after the biggest, and most spectacular hedge fund collapse since LTCM, we now have an (almost) clear picture of how Bill Hwang’s Archegos family office managed to single-handedly make a boring media stock the best performing company of 2021, but then when its luck suddenly ended it was margin called into extinction, leading to billions in losses for the banks that enabled what Bloomberg has dubbed its "leveraged blowout."

Thanks to detailed reports by the Financial Times and Bloomberg, we now have the missing pieces to complete the picture of the biggest hedge fund implosion of the 21st century.

As a reminder, and as we previously discussed, we already knew how Archegos was building up stakes in its various holdings: unlike most other investors the fund never actually owned the underlying stock or even calls on the stock, but rather transacted by purchasing equity swaps known as Total Return Swaps (TRS) or Certificates For Difference (CFD). Similar to Credit Default Swaps, TRS exposed Archegos to the daily variation margin on the underlying stock, and as such while the fund would benefit economically from increases in the underlying stock price (and, inversely, would be hit by price drops forcing it to put up more cash as margin any day the stock price dropped) it would never be the actual owner of record of the underlying stock. Instead, the stock that Archegos was long would be "owned" by its prime broker, the same entity that allowed it to enter into TRS in the first place. As such Archegos also never had any disclosure requirements, allowing it to transact completely in the dark while being fully compliant with SEC disclosure requirements - since it didn't own the underlying stock, Archegos did not have to disclose it. Simple and brilliant.


Primis Player Placeholder
This part is important because the lack of a documented trail of ownership to Archegos is what enabled the entire Ponzi bezzle... and the staggering leverage the fund applied to its portfolio. Furthermore, well aware that there was almost no way to verify just how much of a given stock he owned, Hwang proceeded to have nearly identical positions with not one, not two but at least eight prime brokers (the final number is still being determined as more and more come out of the woodwork).

Not that Archegos prime brokers were completely clueless as to what was going on.

As Bloomberg reports, while much of the investing world watched in stunned silence how an "old media" company - ViacomCBS - shot up almost 300% in weeks, becoming the best performing stock in the S&P500 and prompting investors to speculate that the stock was was either undervalued, or like GameStop, or a takeover target, a handful of execs at Wall Street's top trading firms were aware of what was behind the move: it was Archegos Capital Management, who was building a massive position in ViacomCBS and a handful of other stocks... using leverage the same banks so generously offered with stock which the banks themselves technically owned!



But while banks around the world - from Goldman, Morgan Stanley and Wells in the US, to Credit Susse, UBS and Deutsche Bank in Europe, to Nomura and Mitsubishi UFJ in Japan - kept giving Hwang the leverage he needed to acquire more and more of the stock, until he became the biggest economic if not registered owner of Viacom, what they did not know - thanks to the was Total Return Swaps are structured - was the full extent of his wagers. Which were massive: he stealthily amassed $10 billion of Viacom.

Viacom was just one of many: using even more TRS and even more leverage across even more Prime Brokers, Archegos was able to place colossal wagers while avoiding the disclosures required of most investors. And so "almost invisibly" Hwang accumulated a portfolio which according to Bloomberg sources was as much as $100 billion!

Eventually, Archegos built positions in at least nine stocks that were big enough to rank him among the largest holders, fueled by a level of bank leverage that would have been unusual even for a hedge fund.

While we previously discussed the leverage aspect of Archegos strategy, here it is again: with Bill Hwuang managing approximately $10BN in assets under management, the multiple Total Return Swaps with unwitting prime brokers allowed the fund to build up a staggering $100 billion in positions, implying a huge 10x leverage. This is the kind of leverage one associated with the likes of financial titans like Citadel and Millennium, not a smallish family office which has zero downside protection (as we would eventually learn).



What is amazing about this unilateral Ponzi scheme is that it relied on what we have dubbed rehypothecated leverage: the fund never even owned the underlying stock which was layered with billions in generous Prime Broker debt, but it was Archegos' Prime Brokers who not only would own the actual stock but would also allow Hwang to add tens of billions in leverage... on an asset that they owned!

What is also remarkable is that Archegos' ponzi scheme could have continued indefinitely if only Viacom stock had i) continue to rise or ii) avoided a crash. After all, having ignited the initial upward moment, Archegos had effectively forced benchmark-tracking investors, exchange-traded funds, CTAs and other momentum investors to buy as well.

Sadly for Hwang (and his Primer Brokers) the upward momentum ended with a bang last Monday, when with its shares trading at $100, Viacom announced a $3BN stock sale, which hammered the stock, followed by a round of analyst downgrades, which sent the stock tumbling. It was at this point that Archegos was now facing tens of billions in margin calls on its VIACA Total Return Swaps from its Prime Brokers.



And therein lies the rub, because when the time came to unwind the Archegos Ponzi, the Prime Brokers' counterparty was not Archegos but other Prime Brokers. This is what led to the infamous meeting late last Thursday, where a bunch of PBs tried to reach an amicable resolution ahead of Friday's bloodbath. As Bloomberg adds, at several points during those exchanges, bankers implored Hwang to buy himself breathing room by selling some stocks and raising cash to post collateral. But "he wouldn’t budge."

As a result, Morgan Stanley and Goldman promptly started dumping blocks of stock backing Archegos TRS in the open market. In doing so the started a margin call liquidation, in which those who sold first - like Goldman, Morgan Stanley and Deutsche - would avoid massive losses, while those who waited like Nomura and Credit Suisse... would not. Indeed, we already knew that Nomura, Japan’s largest investment bank, said its losses could hit $2Bn, while losses at Credit Suisse could be as large as $4Bn according to the FT.

At this point, many questions popped up, especially (and belatedly) inside the banks themselves: as the FT reports, executives within the prime brokerage divisions of at least two banks "are being quizzed by risk managers over why they offered a business as small as Archegos tens of billions of dollars of leverage on trades in volatile equities through swaps contracts,."

As the FT further notes, echoing what we said above, while prime brokerage clients typically provide few details about their other trading activities, "executives from at least two of the six banks are investigating whether Hwang deliberately misled them or withheld vital information about mirror positions he had built up at rival banks, according to people involved in the probes."

Well, no: Archegos did not mislead anyone. He simply used (and abused) a system where - as we put it - one investor can create as much rehypothecated leverage as the investors' banks and Prime Brokers will allow him. In this case we know the number may have been as high as a mindblowing $90 billion.

Naturally, had the banks known that in a worst case scenario they would be facing other banks - since such replicated, or rather rehypothecated position would magnify the risks on each of the trades making a bank less likely to extend so much credit against them - none of this would have been possible. However, as long as everything was going up, and all of Archegos positions were pleasasntly surging nobody seemed to care... or bother to calculate just how big the downside risk was (one can thank the Fed Put for that).

One final remarkable aspect of this whole story is that this is not Hwang's first crisis. In 2012 he submitted a guilty plea on behalf of his hedge fund to a charge of wire fraud, and he resolved related civil claims of insider trading without admitting or denying wrongdoing. Archegos is the family office he formed after winding down that firm, Tiger Asia Management.

However, as if nothing had ever happened, prime brokerages immediately began lining up to help the new business. Morgan Stanley was among his early backers. Deutsche Bank signed him as a client at the urging of at least one senior executive, according to Bloomberg, "who was unperturbed by the insider-trading taint and didn’t believe Hwang had done anything wrong, according to a person familiar with that decision." Ironically, just a few years later, Hwang did something wrong and it would prove to be the biggest hedge fund collapse in post-LTCM history.

Not every bank acted like an idiot: one firm resisted the lure. Archegos approached JPMorgan sometime between 2016 and 2018 and was rebuffed, according to the Bloomberg report. At the time, JPMorgan was still revamping the equity prime-brokerage unit it had acquired with Bear Stearns during the 2008 financial crisis. "Dumb luck or not, the bank dodged a bullet."

* * *

The rest of the story is mostly known, so now what.

Well, as we first hinted and as Bloomberg reports, already regulators are dropping hints of new rules to come, with SEC officials signaling to banks that they intend to make trading disclosures from hedge funds a higher priority, while also finding ways to address risk and leverage.

Senior finance executives acknowledge that a crackdown of some form, whether on borrowing or transparency or both, is inevitable.

Amusingly, and picking up on the FT's reporting, Bloomberg also notes that while some of those firms have disclosed the financial impact of their roles in the Archegos collapse, none is willing to comment on how or why they enabled Hwang to become such a force in the market. After all what can they say: "the other guys vetted him, so we assumed he was clean"...

There are also questions whether Hwang’s counterparties knew about his relationships with other banks and the scale of the leverage he was using for what appear to be concentrated positions in a handful of companies. And - more ominously - if they did not know anything about his exposure, why the hell not? As we reported on Tuesday, JPMorgan (which successfully managed to avoid this scandal completely) estimated that the Prime Brokers facing Archegos may end up absorbing as much as $10 billion in combined losses.

Already credit rating agencies have downgraded outlooks for Credit Suisse and Nomura, citing concerns over “the quality of risk management” while activist investors are demanding better governance and would not mind if senior execs were summarily fired over this episode to restore confidence.

"Risk controls still are not where they should be," David Herro, one of Credit Suisse’s biggest shareholders, said Wednesday in a Bloomberg TV interview. "Hopefully, this is a wake-up call to expedite the cultural change that is needed in this company."

But going back to Bloomberg's original point, for all their silence the prime-brokerage units of Nomura, Goldman Sachs, Morgan Stanley, Credit Suisse and others, had clues about what Archegos was doing. These firms knew about the trades they had financed, of course, and also had some visibility into his total borrowings. And yet they didn't bother to ask about what, if any, risk management was being implemented to avoid an uncontrolled unwind. Or rather, the questions emerged only after the margin call.

What the Prime Brokers also didn't know is that Hwang was taking parallel positions at multiple firms, piling more leverage onto the same few stocks, which brings us back to our rehypothecated leverage concept which we are confident we will use much more in the coming months, especially since "unwinding a series of large, leveraged bets placed by a single account is one thing; doing so when rival banks are liquidating the same positions held by the same client is quite another."

Archegos' own "Lehman moment" came late on March 25 when Hwang’s prime brokers met again and discussed the possibility of standing down temporarily to let tensions ease, as we reported previously, but any attempt at solidarity proved short-lived: shortly after some PBs sent Archegos notices of default, clearing the way for Goldman and Morgan Stanley to dump Hwang's positions.

“Hopefully this will cause the prime brokerages of regulated banking organizations (and their supervisors) to re-assess their relationships with highly leveraged hedge funds,” former FDIC chair Sheila Bair tweeted.


She is, of course, wrong.

In fact, if anything we expect Prime Brokers will make leverage even easier to obtain for non-bank, hedge fund and family office clients, because the one big mistake Archegos (and its Prime Brokers) made was that it was not big and systemic enough to merit a Fed bailout. Now, if Archegos had a portfolio of $200 billion, $300 billion or more, while using Citadel's 50x leverage, now we're talking "size"... size enough for the Fed to step in and make everyone whole on the back of taxpayers... the same way the Fed bailed out Citadel, Millennium and Point72 in September 2019 during the repo crisis (as both Zero Hedge and subsequently Bloomberg, explained).

There is another reason nothing will change: hedge funds, Prime Brokers, banks - in fact the Fed itself - are all incentivized to not look at what skeletons may be found in the closet. Why? Because if the banks are forced to admit that there are more Archegos funds - and there are countless - Prime Brokers will have no choice but to sequester collateral from more clients, sparking more margin calls, leading to more stock liquidations, and resulting in even bigger investor panic. Call it a side effect of building castles on crooked foundations in an artificial, fake, Fed-supported market.

Is another market panic what the Fed wants? Or what the Biden admin wants? Of course not.

Which is why we will get a token Congressional hearing where politicians care more to hear themselves talk than listen to the answers, the banks will slap a few hands, one or two small sacrificial hedge funds will be shut down, and the world will move on, especially once Archegos is no longer on the front page of the financial media.

It's also why when the next major hedge fund implosion does happen, it will be far more catastrophic.

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  Forum: NZX

plastic
Posted on: Apr 2 2021, 09:20 AM


Group: Member
Posts: 10,848

Rehypothecation. The reason why the market is nothing but a mirage.
CFDs. The tool used to create the mirage by seperating ownership of stock away from the economic benefits.


https://www.zerohedge.com/markets/rehypothe...r-and-then-blew


QUOTE
Rehypothecated Leverage: How Archegos Built A $100 Billion Portfolio Out Of Thin Air... And Then Blew Up</h1>
  Forum: Investment Discussion

plastic
Posted on: Apr 2 2021, 07:19 AM


Group: Member
Posts: 10,848

Add another 12% to the 25% and in two days BNTC has put on 37%!
Volume is double its average.
Doesn't happen for no reason.

Spring in the US atm. Perhaps the sun is shining and this dog is about to go outside.
  Forum: By Share Code

plastic
Posted on: Apr 1 2021, 05:48 PM


Group: Member
Posts: 10,848

ANP getting a lot of buy recs on HC.

AKA, definite sell.
  Forum: By Share Code

plastic
Posted on: Apr 1 2021, 01:40 PM


Group: Member
Posts: 10,848

After ten plus years suspended the HK dairy company I keep an eye on, will reveal what its restructuring plan is before the end of August this year.
Thats still a long time before we might see any action.

Their alleged crooked directors are still in the HK courts fighting for their lives. Trial is supposed to end some time in June or July.

Water torture.

https://www1.hkexnews.hk/search/titlesearch.xhtml
  Forum: By Share Code

plastic
Posted on: Apr 1 2021, 11:47 AM


Group: Member
Posts: 10,848

It's a pretty good guess mully hasn't got his yet.

https://www.nzherald.co.nz/world/covid-19-c...LHE3PG7MKZWRVQ/

QUOTE
Australia is well and truly behind its Covid-19 vaccine schedule, with the nation falling far short of its March goal.

Prime Minister Scott Morrison had hoped that by yesterday, 4 million people would have received their jab.

However, just 670,000 people had received their dose at March 31.

The government has claimed all willing adults will receive the vaccine by October this year, but according to the Australian, "at the current rate, the most vulnerable will not be vaccinated until June 2023 and the full population not until October 2024".
  Forum: Off Topic Chat

plastic
Posted on: Apr 1 2021, 10:52 AM


Group: Member
Posts: 10,848

It's beginning to bounce around all over town now. Up 25% if you include after hours.

Must be something impending.
  Forum: By Share Code

plastic
Posted on: Mar 31 2021, 10:36 AM


Group: Member
Posts: 10,848

While everyone is hamming up the US migration story as something to be enthusiastic about lets remember BLTs story in this regard.

They went there and hired US staff and were widely exulted as a success. Then the mice began to play and schemes were hatched by said staff. Fiduciary duties don't matter a fig when greed is the motivation.

They were saved by the CSIRO dream team and shareholders were routed for their loyalty.

Finally, BLT went back to the US, have a NASDAQ listing and still nothing has ever come of anything they have done in twenty years. Except obscene enrichment for the insiders. Which is great if you're a insider.

Take a look at PYC, and all I see is a carbon copy of BLT.

Question is, will the new appointees hatch their schemes or will a NASDAQ listing come first?

Well, neither will for as long as there are more than 3bn shares on issue. But sooner or later one of them will.
  Forum: By Share Code

plastic
Posted on: Mar 31 2021, 07:31 AM


Group: Member
Posts: 10,848

Here are some numbers for the "preliminary" roll out before the "mass" roll out later in the year. I would say, given that NZ is a team of five million, including children whom I don't think need to get the vaccine, these figures represent what a mass roll out would look like. But while Jacinda's ministers line up for their jab, Jacinda is nowhere to be seen. Apparently, she's going to wait until the mass campaign starts in July, which according to these numbers will leave just a few thousand people left.

A politico calls personal credibility political capital. Whatever it is in Jacinda's case, it is rapidly going down the toilet.

https://www.nzherald.co.nz/nz/politics/covi...D4ZQ3USPE5H6VE/

QUOTE
Covid-19 Response Minister Chris Hipkins says 660,296 doses of the Pfizer vaccine have been administered as of last night.

He expected for the next couple of months 7000-8000 people would be vaccinated each day, he said at a media update this morning.

He said the Government aims to ramp up to 50,000-60,000 vaccinations a day.

There were more than 50 sites administering vaccines, and vaccination of border workers was progressing well.

--------------------------------------------------------------

Yesterday Hipkins said Government ministers with health or Covid-related portfolios would be the first Labour MPs to be vaccinated, with himself and Verrall first.

MPs from other parties with similar portfolio responsibilities were also invited to be vaccinated early.

Hipkins has said that it was a balancing act to decide when to vaccinate ministers as they wanted to encourage up-take, but didn't want to be seen to be queue-jumping.

It remains unclear when Ardern will get vaccinated.
  Forum: Off Topic Chat

plastic
Posted on: Mar 30 2021, 04:53 PM


Group: Member
Posts: 10,848

Not DW8 but it shows something is afoot in the industry.

Structural shake up coming imho.
  Forum: By Share Code

plastic
Posted on: Mar 30 2021, 11:27 AM


Group: Member
Posts: 10,848

Why Junior is a joke.
QUOTE
‘We’re not going to under-deliver any more,’ Rubicon chair says
US investor keen to see change at persistent poor performer. By Tim Hunter Fri, 21 Jun 2019


  Forum: NZX

plastic
Posted on: Mar 30 2021, 11:03 AM


Group: Member
Posts: 10,848

I see a clear failure in leadership with this subject matter.

It's ok to put her ministers up for it but she won't go first.

Something wrong here.

https://www.nzherald.co.nz/nz/health-minist...B3BCD7RQOW4OII/

QUOTE
Government ministers with a health or Covid-19 focus will receive their first dose of the Pfizer/BioNTech vaccine in the next two weeks.

Covid-19 Response Minister Chris Hipkins and Associate Health Minister Ayesha Verrall will have their first dose tomorrow, Health Minister Andrew Little in the first week of April, and Associate Health Ministers Peeni Henare and Aupito William Sio in the second week of April.

It remains unclear when Prime Minister Jacinda Ardern will be vaccinated.
  Forum: Off Topic Chat

plastic
Posted on: Mar 30 2021, 08:31 AM


Group: Member
Posts: 10,848

BNTC down 17% overnight. That volatility is hanging around. Volume about a third of its usual.

Last shake of the tree before Easter?
  Forum: By Share Code

plastic
Posted on: Mar 30 2021, 07:20 AM


Group: Member
Posts: 10,848

CFD's are very popular on the ASX. It is marketed as a way for the retail punter to go short when they don't have a short facility available.

Looks like there might be a sting in the tail. Question is, will the Au. banks get a taste of the same?

https://www.zerohedge.com/markets/cfds-dirt...llapse-archegos

QUOTE
The bloodbath in various media stocks on Friday has brought light back to one of the dark corners of the equity trading business - so-called contracts-for-differences (CFDs).As Bloomberg reports, much of the leverage used by Hwang's Archegos Capital was provided by banks including Nomura and Credit Suisse - who have most recently admitted huge losses - as CFDs, which are made off exchanges, allow managers like Hwang to amass stakes in publicly traded companies without having to declare their holdings (far in excess of the 5% stakes that require regulatory reporting).

Crucially, as Bloomberg notes, this means Archegos may never actually have owned most of the underlying securities - if any at all - as the CFD is akin to a privately-arranged (i.e. off exchange and bespoke) futures contract where the differences in the settlement between the open and closing trade prices are cash-settled (there is no delivery of physical goods or securities with CFDs).
  Forum: Investment Discussion

plastic
Posted on: Mar 29 2021, 07:50 PM


Group: Member
Posts: 10,848

That's interesting. JR once had a lot of political pull in NZ, owns a golf course in the north of the North Island which is world rated and used to, maybe still does, calls NZ home.

I wonder if he is caught up in the mess enveloping the markets atm. Or perhaps, as in Gordon Gecko style, the lay of the land is shifting.

This week gonna be interesting.

https://www.ft.com/content/2542af81-9e93-4d...b9-26c0f6aab6f3


QUOTE
Archegos is a family office that manages the wealth of Bill Hwang, a "Tiger cub" alumnus of Julian Robertson's legendary hedge fund Tiger Management.
  Forum: Investment Discussion

plastic
Posted on: Mar 29 2021, 05:24 PM


Group: Member
Posts: 10,848

Tie up with DW8?
  Forum: By Share Code

plastic
Posted on: Mar 29 2021, 11:26 AM


Group: Member
Posts: 10,848

LCT getting out of peptides.

New directors getting in with low strike price and long dated options. More than 3bn shares on issue.

Lets go home! This thing is a dog.
  Forum: By Share Code

plastic
Posted on: Mar 29 2021, 08:46 AM


Group: Member
Posts: 10,848

It's time for someone to step up and exercise some national interest protection business practices. Just take a cue from the US of A. with its vaccine practices.


In NZ logs are going through the roof and there is a shortage of timber in a housing crisis. Well, go figure. If the log exporters are incentivized to sell to China instead of the local market because the price is better, then the G needs to put on some export taxes to change that incentive and bring in invisible forex earnings if the sale is made.

Same with TWE. If the Chinese can whack a 175% duty on Australian wine leaving TWE crippled and vulnerable to a takeover by a foreign group, then why can't an Australian superannuation fund take a blocking stake?
  Forum: Investment Discussion

plastic
Posted on: Mar 28 2021, 07:26 PM


Group: Member
Posts: 10,848

Why we should be aware about the vaccines: They are experimental drugs.
https://www.economist.com/briefing/2021/03/...f-rna-therapies

QUOTE
Covid-19 vaccines have alerted the world to the power of RNA therapies
  Forum: Off Topic Chat

plastic
Posted on: Mar 27 2021, 06:11 PM


Group: Member
Posts: 10,848

When the first batch of vaccines arrived, Jacinda when asked if she would be getting hers batted the question away with the suave answer of, no, I can't justify taking it ahead of those most in need. Those most in need should go first. I will get mine when the mass roll out starts. Not verbatim but along those lines.
Now, it appears the mass roll out has begun. She still hasn't had hers and nor has Bloomfield.

They have not even stated a start date for the mass roll out.

Leadership is more than gesticulation while standing at a lectern talking to the media with strong intonation. She needs to show some. The longer she dodges it, the greater the suspicions. It will be even worse if she skips the Pfizer vaccine in favour of a another.
  Forum: Off Topic Chat

plastic
Posted on: Mar 27 2021, 03:07 PM


Group: Member
Posts: 10,848

I'm not one of them and nor will I be until Jacinda and Bloomfield get theirs.

To have this many people swamp one centre kind of says its not just the front line staff members and the most at risk members of society who are getting the vaccines. In other words the mas roll out is underway already.

https://www.nzherald.co.nz/nz/covid-19-coro...4P3TKO6L7Q7ZAU/

QUOTE
Long queues faced people who had booked appointments for Covid-19 vaccine shots at an Auckland vaccination centre today. One woman faced an hour wait beyond her booking time.
  Forum: Off Topic Chat

plastic
Posted on: Mar 27 2021, 02:41 PM


Group: Member
Posts: 10,848

I am getting bombarded with demands from the Covid administrators to confirm and turn up for my appointment to be vaccinated.

I point blank refuse until I see Jacinda and Bloomfield take theirs.

At the moment they are pushing the Pfizer one. I will wait and see which one Jacinda and Bloomfield take.

I am dumbfounded why they would opt for the Novavax one first and then ditch it entirely. I am sure political and economic power plays are in train and while Jacinda says she will get one when the mass roll out begins, the fact is, the mass roll out may not be with the Pfizer vaccine if they can change their minds at the drop of a hat.
  Forum: Off Topic Chat

plastic
Posted on: Mar 27 2021, 01:13 PM


Group: Member
Posts: 10,848

Desperate alright. Couldn't agree more.

Come into my parlour said the spider to the fly.

Um. No thanks.

https://www.stuff.co.nz/business/opinion-an...-and-rocket-lab

QUOTE
Like Zero and many other Kiwi companies, Rocket Lab have very obviously by-passed the NZX. After decades of poor governance and misaligned priorities, the NZX is desperate for successful listings. In a bull market, 7 of their last 8 IPO's have lost investors money, with My Food Bag their most visible fail.

This asks questions of our stock exchange. Are they relaxing prudent standards, and thus encouraging sub-standard listings? Will the NZX become the place companies list when they can't list anywhere credible?


If so, this would be a tragedy, just as millions of Kiwis have growing KiwiSaver savings, and are embracing direct share ownership via local companies like Sharesies and Hatch. They should be able to invest in a growing pool of quality, locally listed companies, whose prices rise and encourage more investment. The trend has been the opposite.
  Forum: NZX

plastic
Posted on: Mar 27 2021, 12:45 PM


Group: Member
Posts: 10,848

Kind of sounds like de ja vu.

Where is safe? Couple of willy wallies on this site reckon ANP. lol

https://www.zerohedge.com/economics/new-zea...ing-home-prices

QUOTE
Before the unusual 2020 recession, triggered by pandemic lockdowns, every major economic crisis in recent decades, from Japan in 1990 to the 2008 financial crisis, was preceded by a sharp run up in prices of housing or stocks or both.-------------------------------------------------------------Housing bubbles are the worst. The $220tn global housing market is more than twice the size of the global stock market and complicated by debt. When prices fall, it can take years to clean up failed mortgages, drawing out a recession. In general, recessions that follow debt-fuelled housing booms are the longest and deepest.
  Forum: Investment Discussion

plastic
Posted on: Mar 27 2021, 12:11 PM


Group: Member
Posts: 10,848

Perhaps its in relation to the Moderna - Arbutus patent bust up they've been having. I think Moderna lost.
  Forum: By Share Code

plastic
Posted on: Mar 27 2021, 11:02 AM


Group: Member
Posts: 10,848

The Americans must be annoyed at something. They're beginning to hiss and spit like nipper. Bad enough to want to expropriate IP rights instead of paying for them.


Why would anyone bother doing R&D if there is no benefit to be had at the end of it?

The funny thing is, we still have no North Atlantic FTA even though we have Brexit. Discussions are so secret the media are not even allowed to report on any developments in the negotiations. But if we look at the TPPA, the stumbling block there was biological data and IP rights. So maybe its the same thing between Europe and the US. That may explain the absence of GSK, Sanofi, Bayer and other EU pharma in the covid crisis.

https://www.cnbc.com/2021/03/26/covid-vacci...rty-shield.html

<h1 class="ArticleHeader-headline">
QUOTE
White House weighs temporarily lifting intellectual property shield on Covid-19 vaccines
</h1>
  Forum: By Share Code

plastic
Posted on: Mar 27 2021, 09:14 AM


Group: Member
Posts: 10,848

On another site somewhere some wonk is always banging on about Discovery Network in the US making a movie on SKT.

No idea about that personally, but something is happening. Look at the volume traded overnight in the US.


Attached thumbnail(s)
Attached Image


 
  Forum: By Share Code

plastic
Posted on: Mar 27 2021, 09:09 AM


Group: Member
Posts: 10,848

Whatever happened to this in the end?

Tony passed away. Big Ron is up on charges. And the other guy ended up with a marina in downtown Auckland. Don't know what happened to the assets.
  Forum: NZX

plastic
Posted on: Mar 26 2021, 12:11 PM


Group: Member
Posts: 10,848

What has one of the directors been up to that warrants being voted off the board of ARWR? Can't be a good omen for AVH.

SHAME.
  Forum: By Share Code

plastic
Posted on: Mar 26 2021, 09:32 AM


Group: Member
Posts: 10,848

Easter perhaps. But there's ANZAC Day as well which would be timely for a Fourth of July close. Making it an ANZUS deal in these anti-China times.
  Forum: By Share Code

plastic
Posted on: Mar 26 2021, 09:29 AM


Group: Member
Posts: 10,848

Its a long way to Tipperary, it's a long way to home.

Junior will be next. No wonder my old mate slayer sold out and left the building.

Shareholders about to get screwed over big time. Look for the dilutionary rights issue with a simultaneous consolidation so the next lot of troughers can get their fill.

This is BLT MkII.

I expect whatever funds Senior and the real estate guy put into PYC they got back from the FPRX deal with AMGN.
  Forum: By Share Code

plastic
Posted on: Mar 26 2021, 09:21 AM


Group: Member
Posts: 10,848

What does it mean for a SLA shareholder?
  Forum: By Share Code

plastic
Posted on: Mar 26 2021, 09:15 AM


Group: Member
Posts: 10,848

Kindly turn off the lights and empty the milk bottle whoever is last to leave.
  Forum: NZX

plastic
Posted on: Mar 25 2021, 04:48 PM


Group: Member
Posts: 10,848

The new guy gets options out for the next ten years plus an annuity. Strike price not high. Not a good sign.

The AMGN FPRX deal said this has been stripped clean.

Not much to be had here for a very, very long time.



  Forum: By Share Code

plastic
Posted on: Mar 25 2021, 10:28 AM


Group: Member
Posts: 10,848

WBC to offload its NZ ops.

What a difference that will make to NZ when all those profits stay within the boarders of NZ and interest rates are set locally according to local conditions.

FWIW, this looks like the beginning of the Japanese banks break up and M&A phase at the end of their bubble economy.

Jacinda has just poked a dagger into the heart of residential property investment with interest rate deductibility. It's only natural banks will take a look at their property exposure. ANZ and ASB are the most exposed.

I see some margin calls coming.

This has all the hallmarks of a command economy. Targeted sectors of industry, encouraging capital flows and legislative disincentives elsewhere.
  Forum: By Share Code

plastic
Posted on: Mar 25 2021, 05:27 AM


Group: Member
Posts: 10,848

Some real volatility coming in now. BNTC down over 40% and across the board its a bit of a bloodbath.

Something in time for Easter perhaps.
  Forum: By Share Code

plastic
Posted on: Mar 24 2021, 05:28 PM


Group: Member
Posts: 10,848

Morgan Stanley takes a stake. If you believe what you read thats the catalyst of the big spike. Ha! Is all I can say.
  Forum: By Share Code

plastic
Posted on: Mar 24 2021, 03:33 PM


Group: Member
Posts: 10,848

There's a website called www. Sharetrader.co.nz which is primarily dedicated to discussing NZX listed stocks. After weeks of intermittent service the site is down and has been down for days.

It's got a loyal band of followers and contributors which means there must be a big bunch of people who are really pissed off about now.

You'd think that some of them would migrate to somewhere like Sharecafe but alas nobody seems to know it even exists. Kinda shows what a failed website this is. So you can forgive me for laughing when, on the ANP thread, you get people holding up a Sharecafe analyst's report as proof ANP is undervalued despite the opinion of renowned scientists contradicting it in the same way as night contradicts day.

As for the NZX, it is the black hole of stock exchanges. Can't talk about it, can't see into it because disclosure isn't required and you can't even trade it without going through a broker who has one hand tied behind their back.
  Forum: NZX

plastic
Posted on: Mar 24 2021, 01:19 PM


Group: Member
Posts: 10,848

Very relevant to covid discussions. Appreciated.
  Forum: Off Topic Chat

plastic
Posted on: Mar 24 2021, 08:50 AM


Group: Member
Posts: 10,848

Up 190%!!!

MOAB INCOMING.
  Forum: By Share Code

plastic
Posted on: Mar 24 2021, 12:23 AM


Group: Member
Posts: 10,848

Perfectly safe. No need to worry about a thing. Make sure you get yours nipper.

https://twitter.com/megtirrell/status/13743...6299908/photo/1


QUOTE
Meg Tirrell@megtirrell·2hThis is a truly bizarre situation. NIAID says the data safety monitoring board for AZ's #covid19 vaccine trial notified it that it was concerned AZ included outdated efficacy information in its release yesterday. No further details. (1)
  Forum: Off Topic Chat

plastic
Posted on: Mar 23 2021, 06:44 PM


Group: Member
Posts: 10,848

Somebody should tell the market its wrong trading ANP at 20c when an analyst from a failed chat room site says its 40c despite data from a scientifically similar trial saying antisense is no good. Data that a post grad RNAi expert from Stanford reckons will affect a suite of other trials.
Binary outcome hinging on the next piece of data IMHO.

Reading the entire thread was interesting.

QUOTE
Multivalent Dirk Haussecker@RNAiAnalystMajor disaster for $IONS as it pertains to its entire CNS franchise...arguably its crown jewel. To wit, SMA drug was exon skipper mixmer, this here is a gapmer.

  Forum: By Share Code

plastic
Posted on: Mar 23 2021, 12:29 PM


Group: Member
Posts: 10,848

A likely outcome for all IONS related CNS antisense programmes I expect. Including those done under licence by companies like ANP for the disease of choice.
Which will explain the new appointment.

A harbinger for the outcome of any FDA, please sir meeting.
Will review my buy price to 3c.

QUOTE
Multivalent Dirk Haussecker@RNAiAnalyst$IONS Sad day for the Huntington's community. Lead antisense drug by Ionis/Roche found to have inacceptable benefit/risk. Not entirely surprising given brain chances seen earlier in study:
  Forum: By Share Code

plastic
Posted on: Mar 23 2021, 08:27 AM


Group: Member
Posts: 10,848

BLT may be gone but it is not forgotten. In after hours BNTC is up over 31%.

My observations tell me that strong after hours price movements are usually a prelude to some corporate activity. Maybe they are going to use the cap. raise facility with a partner. Merck n Pfizer spring to mind.

The caveat is volume was incredibly low. Which is often a sign the bottom has been hit.
  Forum: By Share Code

plastic
Posted on: Mar 23 2021, 07:46 AM


Group: Member
Posts: 10,848

This morning the Jacinda n Co. finally took some action on the housing bubble introducing a range of actions designed to help first home buyers by impacting supply and demand. Maybe Australia should pay attention.

If the government is on it they just might take similar action with the NZX. God knows they have the ability to when you look at the NZVIF investments that are in the pipeline wanting fresh capital. But at this moment the likelihood of those investments being sold is more probable than not. Because why would anyone want to bring a worthwhile company to the NZX?

Without the stamp of a state sanctioned risk guarantee underwriting the company the best thing a punter can do is stay away from it.
  Forum: NZX

plastic
Posted on: Mar 23 2021, 04:03 AM


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Posts: 10,848

5c here we come.
Why do they need her now if the drug is a success?
  Forum: By Share Code

plastic
Posted on: Mar 22 2021, 06:23 PM


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Posts: 10,848

Nipper and mully will be delighted to hear that.
  Forum: Off Topic Chat

plastic
Posted on: Mar 22 2021, 04:20 PM


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Posts: 10,848

Make sure you get yours. Wouldn't want you to miss out.

Stay safe.

Be kind!
  Forum: Off Topic Chat

plastic
Posted on: Mar 22 2021, 11:07 AM


Group: Member
Posts: 10,848

Don't worry. It's fine. You won't feel a thing.

They're shipping to Australia at this moment.


https://www.reuters.com/article/us-health-c...SKBN2BE009?il=0


QUOTE
European trust in AstraZeneca COVID-19 vaccine plunges, poll shows</h1>
  Forum: Off Topic Chat

plastic
Posted on: Mar 21 2021, 06:13 PM


Group: Member
Posts: 10,848

How do you expect any benefit to accrue to a shareholder when the company no longer exists?
  Forum: By Share Code

plastic
Posted on: Mar 21 2021, 10:48 AM


Group: Member
Posts: 10,848

And another ones gone. Another one bites the dust.

The rot is never ending. Instead of potential blockbusting unicorns like this getting needed capital for growth by accessing the NZX, shareholders sell out and reap the benefits. And why wouldn't you when all the NZX can offer is an online green grocer and a used car sales and finance outfit?

It is a misnomer to describe the NZX as a conduit to capital markets. Listing is more akin to joining the Old Boys Club. Not that different from The Spider and the Fly when put into practice.

Paywalled.
https://www.nzherald.co.nz/business/new-zea...N4ZOUWSHWFBOSY/

QUOTE
New Zealand health tech firm sells for $22m
  Forum: NZX

plastic
Posted on: Mar 21 2021, 09:54 AM


Group: Member
Posts: 10,848

If they have, how do you expect any benefit will accrue to a shareholder when the company no longer exists?
  Forum: By Share Code

plastic
Posted on: Mar 20 2021, 03:46 PM


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Posts: 10,848

She might've dumped him because of an impending shakeup in the media sector. Strange behaviour in SKT recently and the broadband roll out for 5G means anything is possible and I don't see ZB with their havks leading the way.
  Forum: NZX

plastic
Posted on: Mar 20 2021, 03:36 PM


Group: Member
Posts: 10,848

The business mandarins and Kiwi Saver fund managers must be scratching their heads about where to put their funds when all the primo companies are privately held or being sold off to foreigners. Cashflow included. No point for them putting it into the stockmarket either when the market is dominated by those who know the secret handshake and everyone else has to pay for privilege.
  Forum: NZX

plastic
Posted on: Mar 20 2021, 11:43 AM


Group: Member
Posts: 10,848

I don't know if there's any reason for it but right on the close yesterday, across a range of stocks on the NZX, some very large trades occurred
as a single transaction. It wasn't very noticeable but it happen and looks very unusual.
  Forum: NZX

plastic
Posted on: Mar 19 2021, 08:14 AM


Group: Member
Posts: 10,848

When a miner spuds a well the price invariably goes up on the anticipation it will be a gusher. As the end point gets closer and closer the price rises even further before topping out as the final read out is awaited. When its a duster (and sometimes even when it isn't), the price plummets but not before the insiders have bailed. It's called buy the hype, sell the news.

Biotech is no different. ANP is a perfect example.

  Forum: By Share Code

plastic
Posted on: Mar 19 2021, 06:18 AM


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Posts: 10,848

Somebody must've got his shot and developed one of those clots!

https://www.zerohedge.com/covid-19/top-eu-r...ood-clot-claims

QUOTE
Dr. Strauss acknowledged that the agency saw clots develop "in a few cases" and even saw clots develop in the brain. The condition was linked to low levels of blood platelets, just as a top Norway doctor suggested earlier. However, the agency doesn't have enough evidence to establish a definitive link. Still, they stressed that these cases are extremely rare.

What is to be done? Well, the agency must simply keep an eye out for any other side effects, while patients should also keep an eye out for any suspicious symptoms as well.

As for the vaccine - have no fear: it's perfectly safe.
  Forum: Off Topic Chat

plastic
Posted on: Mar 18 2021, 07:41 PM


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Posts: 10,848

You might be right. And I WILL be right that there will still be nothing but market puffery at a buck.
  Forum: By Share Code

plastic
Posted on: Mar 18 2021, 07:20 PM


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Posts: 10,848

Not me who needs the medication. lol
  Forum: Off Topic Chat

plastic
Posted on: Mar 18 2021, 06:00 PM


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Posts: 10,848

Why is Europe in so much trouble when there are so many vaccines available? Why can't they get the Chinese or Russian one?

There is still no North Atlantic FTA signed even though we have had Brexit. I wonder how much of what we see is more about trade negotiations than anything else. The sticking point for TPP negotiations were biological data. Q said, Trump had to detour to the Philippines to see Jacinda and Winston because his God and country demanded it. Afterwards, they said they were going to change capitalism. Jacinda is going to end up with a credibility problem soon.

For all of that, all we have is a pandemic with the cavalry coming in the form of a siRNA mediated vaccine.
  Forum: Off Topic Chat

plastic
Posted on: Mar 18 2021, 04:30 PM


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Posts: 10,848

True to form. ADR now another one to avoid.
  Forum: By Share Code

plastic
Posted on: Mar 18 2021, 02:23 PM


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Posts: 10,848

Oh. Still nothing substantial then. Just the normal market making puffery.
  Forum: By Share Code

plastic
Posted on: Mar 18 2021, 10:39 AM


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Posts: 10,848

What a crock!

An example of the case in point below. While I have some empathy for the man it's not a lot since the safety data exists, trials have been conducted and enforced vaccination is acceptable as it actually protects other children by preventing disease spread should a child be taken ill.

However, in the Covid vaccination program no such data or knowledge base exists. Therefore enforced vaccination should not be lawful. As a responsible right minded adult mully or anyone else here should share such a view and restrain themselves from making inflammatory commentary.

https://www.nzherald.co.nz/nz/family-court-...LVJTU72TEPLRCI/

QUOTE
A 4-year-old girl will be vaccinated without her father's approval after a ruling handed down from the Family Court.

The girl is under the care of Oranga Tamariki so legally has three guardians: her mother, her father and the chief executive of Oranga Tamariki
  Forum: Off Topic Chat

plastic
Posted on: Mar 18 2021, 08:13 AM


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Posts: 10,848

A previous director moved over to ADR which is now in a trading halt. Lets see if he is true to PYC form.
  Forum: By Share Code

plastic
Posted on: Mar 18 2021, 07:37 AM


Group: Member
Posts: 10,848

Why are the BNZ still holding those shares on trust? That's assuming disclosure regulations have been complied with and the status quo remains.

Is it normal for a CEO to receive shares as part of his salary package as opposed to performance based options?

Would love to know why JPM decided not to hold onto their position.
  Forum: NZX

plastic
Posted on: Mar 17 2021, 07:17 PM


Group: Member
Posts: 10,848

I assume you have children mully. In that case, are you happy to inject this into your children's veins without question? If you are, then it is you who should be chaste over the use of the term lunatic.

Good luck to you and your kids. You all will need it.

https://www.nytimes.com/live/2021/03/16/wor...-19-coronavirus

QUOTE
Covid-19: Moderna Begins Testing Its Vaccine in Children
Last Updated March 16, 2021, 11:49 p.m. ET5 hours ago5 hours ago

Europe's drug regulator is pushing back on fears about the AstraZeneca vaccine. And more than a dozen countries have suspended the use of the vaccine, although Australia, Britain and Thailand are moving ahead with it.
  Forum: Off Topic Chat

plastic
Posted on: Mar 17 2021, 01:16 PM


Group: Member
Posts: 10,848

No point in crying over spilt milk. But it does give a bit of an insight into what she is really all about.

https://www.stuff.co.nz/business/300254685/...-over-mistruths
  Forum: By Share Code

plastic
Posted on: Mar 17 2021, 01:02 PM


Group: Member
Posts: 10,848

Lots of Merck-y interest lately. CEO and now a director for a tin pot biotech in Perth. Sounds impressive but look at the payment. Seems like another trougher to me.

Whatever happened to the PFE deal, the Amgen interest, Roche partnership, the Cambridge or Oxford partnership, UoQ lab and on and on and on.

Well, after seeing the AMGN-FPRX deal the other day, I can make a pretty good guess that PYC have been done a dogs dinner on each and every single one of them.
I'm wondering why no Chinese interest?
  Forum: By Share Code

plastic
Posted on: Mar 16 2021, 07:23 PM


Group: Member
Posts: 10,848

Whats the goss mactrader? Price and volume up a little bit today. Another cap. raise? New management perhaps. Maybe some data.
  Forum: By Share Code

plastic
Posted on: Mar 16 2021, 07:08 PM


Group: Member
Posts: 10,848

Have you got your jab yet? Have you even got it scheduled?
  Forum: Off Topic Chat

plastic
Posted on: Mar 16 2021, 04:46 PM


Group: Member
Posts: 10,848

Gee whizz. Shucks. Thanks mull. Coming from you that's a real compliment and ego boost.

If truth be told, I fancy my chances in Canberra because deep down I'm a bigoted, insular minded misogynistic xenophobe but only when I'm not drunk. Otherwise I got the gift of the gab, talk a load of shit and when my hairy chest is puffed up damned good looking. I think it's why all the girls ask me, are you Australian?

Have you got your jab yet? Got a time scheduled for it?
  Forum: Off Topic Chat

plastic
Posted on: Mar 16 2021, 08:50 AM


Group: Member
Posts: 10,848

How many people test positive for Covid in the first instance, then a week later are fully recovered and a box of birds again?

The same way you do when you catch a cold.

I know Ronaldo scored two goals after testing positive and taking rest for recovery. I don't think he's had any vaccine yet.

Look at the odds of the play. 100% certainty of exposure to the vaccine and its effects by getting the jab. The variable is whether the individual suffers from the effects or not.

Some chance of contracting the virus randomly with that chance being mitigated through prudent behaviour such as washing hands, respecting personal space, resting when unwell etc.

Should you contract the virus there are many other medications available to you to assist in your treatment and recovery. HCQ as we already know but many others as well.

The criminal act is where the government through co-opting corporate behaviour and policy strip the individual of their civil liberties. Although the caveat is, this is perfectly acceptable once the data shows proper efficacy and safety data. Just as it is for polio, tuberculosis, measles and other diseases. Then enforcement is acceptable.
  Forum: Off Topic Chat

plastic
Posted on: Mar 16 2021, 08:28 AM


Group: Member
Posts: 10,848

Think I'll take my chances with the virus

QUOTE
Danish Woman Who Died From Blood Clot After AstraZeneca Shot Had ‘Unusual Symptoms’, Agency Says
BY REUTERS
March 15, 2021 Updated: March 15, 2021
FacebookTweetEmail
666 Shares
391 Comments
COPENHAGEN—A 60-year-old Danish woman who died of a blood clot after receiving AstraZeneca’s COVID-19 vaccine had “highly unusual” symptoms, according to the Danish Medicines Agency.

The woman had a low number of blood platelets and clots in small and large vessels, as well as bleeding, it said.

A few similar cases were found in Norway and in the European Medicines Agency’s (EMA) database of drug side effects, the Danish Medicines Agency said.

“It was an unusual course of illness around the death that made the Danish Medicines Agency react,” it said in a statement late on March 14.

Norway said on Saturday that three people, all under the age of 50, who had received the AstraZeneca vaccine were being treated in hospital for bleeding, blood clots, and a low count of blood platelets, which were labeled “unusual symptoms” by health authorities.

Denmark, Norway, and Iceland said last week they would halt the introduction of the AstraZeneca vaccine.

European vaccination programs have been upset in the last two weeks by reports that recipients of the AstraZeneca inoculation have suffered blood clots.

MOST READ
Danish Woman Who Died From Blood Clot After AstraZeneca Shot Had ‘Unusual Symptoms’, Agency Says
Marine Corps Account Says It ‘Messed Up’ in Response to Fox’s Carlson
The EMA has said there’s no indication that the events were caused by the vaccination, a view that was echoed by the World Health Organization on Friday.

AstraZeneca Plc said on Sunday a review of safety data of people vaccinated with its COVID-19 vaccine has shown no evidence of an increased risk of blood clots.

By Jacob Gronholt-Pedersen


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  Forum: Off Topic Chat

plastic
Posted on: Mar 16 2021, 08:28 AM


Group: Member
Posts: 10,848

Think I'll take my chances with the virus

QUOTE
Danish Woman Who Died From Blood Clot After AstraZeneca Shot Had ‘Unusual Symptoms’, Agency Says
BY REUTERS
March 15, 2021 Updated: March 15, 2021
FacebookTweetEmail
666 Shares
391 Comments
COPENHAGEN—A 60-year-old Danish woman who died of a blood clot after receiving AstraZeneca’s COVID-19 vaccine had “highly unusual” symptoms, according to the Danish Medicines Agency.

The woman had a low number of blood platelets and clots in small and large vessels, as well as bleeding, it said.

A few similar cases were found in Norway and in the European Medicines Agency’s (EMA) database of drug side effects, the Danish Medicines Agency said.

“It was an unusual course of illness around the death that made the Danish Medicines Agency react,” it said in a statement late on March 14.

Norway said on Saturday that three people, all under the age of 50, who had received the AstraZeneca vaccine were being treated in hospital for bleeding, blood clots, and a low count of blood platelets, which were labeled “unusual symptoms” by health authorities.

Denmark, Norway, and Iceland said last week they would halt the introduction of the AstraZeneca vaccine.

European vaccination programs have been upset in the last two weeks by reports that recipients of the AstraZeneca inoculation have suffered blood clots.

MOST READ
Danish Woman Who Died From Blood Clot After AstraZeneca Shot Had ‘Unusual Symptoms’, Agency Says
Marine Corps Account Says It ‘Messed Up’ in Response to Fox’s Carlson
The EMA has said there’s no indication that the events were caused by the vaccination, a view that was echoed by the World Health Organization on Friday.

AstraZeneca Plc said on Sunday a review of safety data of people vaccinated with its COVID-19 vaccine has shown no evidence of an increased risk of blood clots.

By Jacob Gronholt-Pedersen


Help us spread the truth. Share this article with your friends.
FacebookTweetEmail
666 Shares
RELATED
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From Around the Web
The Epoch Times
Copyright © 2000 - 2021
  Forum: Off Topic Chat

plastic
Posted on: Mar 15 2021, 05:00 PM


Group: Member
Posts: 10,848

Similar arguments can include those such as the NRA's; guns don't kill people, people do.

Cigarettes don't kill people either.

A whole bunch of sailors who happened to be at Christmas Island dying prematurely from similar cancers is just a coincidence.
Strapping and supremely fit soldiers giving birth to unhealthy children and dying early from cancer after all being exposed to Agent Orange in Vietnam doesn't make Agent Orange the cause of it. Not until its proven at least.

Just because people died or got blood clots straight after getting their vaccine doesn't mean it was because of the vaccine. Have a mutant baby in the next year or two, thats just bad luck. Its not because of the vaccine. If anyone says it was, well, all they have to do is prove it and they will be eligible for damages. Easy!
  Forum: Off Topic Chat

plastic
Posted on: Mar 15 2021, 12:24 PM


Group: Member
Posts: 10,848

Confusion as a marketing tool.

Heard that one before somewhere.

Lets see Jacinda and Bloomfield get theirs.
  Forum: Off Topic Chat

plastic
Posted on: Mar 15 2021, 09:58 AM


Group: Member
Posts: 10,848

Thin end of the wedge IMHO.


https://www.nzherald.co.nz/world/covid-19-c...2AYQP7CRQFEYCQ/


QUOTE
Covid 19 coronavirus: Ireland temporarily suspends AstraZeneca vaccine over blood clot concerns
  Forum: Off Topic Chat

plastic
Posted on: Mar 13 2021, 10:00 AM


Group: Member
Posts: 10,848

Not all we are told is what it appears to be. Does anyone remember Christmas Island and Operation Grapple?
Extrapolate a few ships with sailors on board to a pandemic and it could be we are in the middle of a gigantic siRNA experiment.

https://www.medpagetoday.com/infectiousdise...s_Update_active

QUOTE
Some early commercial batches of the Pfizer/BioNTech COVID-19 vaccine had less intact mRNA than expected, according to leaked documents that raise concerns about the firms' quality assurance monitoring.

A cyberattack on the European Medicines Agency (EMA) as it was reviewing the Pfizer-BioNTech COVID-19 vaccine in December captured a trove of data, subsequently released on the dark web and sent to several journalists and academics by as-yet-unidentified entities.


The tail [sic] of unintended consequences: Genetic mutation. What effect, if any, will these vaccines have on pregnant women or those trying for a baby with egg and sperm production? We could well be looking at another thalidomide disaster. I want to see Jacinda back herself up and take the vaccine before I do. It simple proper leadership. Even Bloomfield hasn't had his yet.


https://www.stuff.co.nz/national/7903851/Fe...-useless-milker


QUOTE
AgResearch said last week it was continuing to produce cloned embryos like Daisy to find out the cause of her taillessness, which seemed a naturally occurring defect rather than one caused by GM experimentation.
  Forum: Off Topic Chat

plastic
Posted on: Mar 13 2021, 06:23 AM


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Posts: 10,848

Regulus, a JV of Alnylam and Ionis, is up over 14% on THIRTY times its regular volume. They must really have something. But there is no news. Not yet anyway. Can't be far away.
  Forum: By Share Code

plastic
Posted on: Mar 12 2021, 06:59 PM


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Posts: 10,848

Thank you for your input.
  Forum: By Share Code

plastic
Posted on: Mar 12 2021, 11:43 AM


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My old mate slayer always used to compare PYC to a tractor. Always said they're a delivery vehicle sewing the seed just like a tractor.

He may've been right. This guy, and he should know, pretty much says he is right on the money. But now that Amgen and Five Prime have done them like a dogs dinner there won't be too much upside anymore.

The article says, licences will be needed from Pfizer and Moderna, Now add Amgen to the list.

Time to close the shop and admit they are out of their depth. They are losing their IP rights hand over fist.


https://www.law360.com/newyork/articles/133...ovel-vaccine-ip

QUOTE
[/Alston & Bird LLP partner Matthew W. Howell said the genetic code in the mRNA vaccine likely won't be patent eligible under Section 101 of the Patent Act, but the delivery systems the companies are using should be. The latter is where the companies are likely to cash out in the long run, as any company hoping to use mRNA technology will probably need licenses from Moderna and Pfizer.

In the short term, there is some uncertainty surrounding Moderna's patents. Two federal agencies are investigating whether its patents featured proper funding disclosures. Moderna also recently lost a bid to invalidate an Arbutus Biopharma Corp. patent covering technology allegedly used in its vaccine, although it had won two other patent challenges against Arbutus.
  Forum: By Share Code

plastic
Posted on: Mar 12 2021, 11:03 AM


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Posts: 10,848

The Ides is another mythological damp squib.

The HK dairy company I keep an eye on, has after more than ten years suspended, finally been allowed to stay listed but at this point has no plan to apply for relisting until August 31st at the latest. God knows what will happen if they miss that date but if they have had ten years to think about what to do if they relist you'd kind of think they would have a plan and be able to implement it before then. So, we are back to my theory that the whole process is designed to be as torturous as possible for some reason. A reason we still don't know.

Insight is gleaned when you check out their subsidiary UBNZ in NZ. They're in liquidation. Have been for years. Nobody seems to know what they own because of the Caribbean secrecy laws but their directors are appealing the fraud convictions they received. According to the liquidators nothing can happen until that outcome is known.

https://www1.hkexnews.hk/listedco/listconew...21031000937.pdf
  Forum: By Share Code

plastic
Posted on: Mar 12 2021, 10:07 AM


Group: Member
Posts: 10,848

UK data out for Novavax covid vaccine. NZ had first dibs on it along with the Pfizer vaccine. Now NZ has gone all in on the Pfizer one and not a dickey bird about Novavax has been said. Dirk reckons the Novavax one is superior to all others.

What has happened for NZ to change its position? Why hasn't Jacinda and Bloomfield provided proper leadership and taken the vaccine?

I have a feeling political diplomacy and big money has trumped the purity of science which was to be the leading light.

https://www.cnbc.com/2021/03/11/novavax-vac...n-uk-trial.html

QUOTE
Novavax's Covid-19 vaccine was 96% effective in preventing cases caused by the original version of the coronavirus in a late-stage trial conducted in the United Kingdom, the company said on Thursday, moving it a step closer to regulatory approval.

There were no cases of severe illness or deaths among those who got the vaccine.

The vaccine was also about 86% effective in protecting against the more contagious virus variant first discovered and now prevalent in the UK. It was about 90% effective overall, combining data from people infected with both versions of the coronavirus.
  Forum: Off Topic Chat

plastic
Posted on: Mar 12 2021, 09:47 AM


Group: Member
Posts: 10,848

Working mums and dads may as well eat cake.

Systemic issues in any sector can only be fixed with structural change.

https://www.nzherald.co.nz/business/nz-reta...P3LTTHYD744W34/

QUOTE
NZ retail software company Vend sold for $455m
Vend had at times been seen as an IPO candidate. Its trade-sale is another blow to the NZX.
It comes on top of today's news other big sale news - that Christchurch-based geoscience software maker Seequent has just been sold to Nasdaq-listed Bentley Systems in a US$900 deal, and Vocus Group's pending sale to Macquarie and Aware Super that has scuppered plans for an NZX listing of Vocus's NZ assets, valued around $722m.
  Forum: NZX

plastic
Posted on: Mar 12 2021, 09:24 AM


Group: Member
Posts: 10,848

I think we can expect vacuous high level platitudes and just general waffle if all he has is 20 minutes.

Might be Easter. But if the Americans want to celebrate being American, then look to July Fourth. The market is exhausted but it is not yet broken.

https://www.cnbc.com/2021/03/11/covid-anniv...irus-world.html

QUOTE
Biden's prime-time speech is scheduled for just after 8 p.m. ET on Thursday night, and will be broadcast from the East Room of the White House. The address is expected to last less than 20 minutes, an administration official said.
  Forum: Investment Discussion

plastic
Posted on: Mar 12 2021, 07:37 AM


Group: Member
Posts: 10,848

Recently I have heard some advertisements on the radio providing anti-cartel advice. Seems mainly directed at the trades for price fixing and sellers who want to "own " market share and it's revenues.

Nobody seems to think there's anything wrong with a self regulating monopoly which seems kind of funny to me.

Nevertheless, in regards to MFB if we are to say anything kind about it, it would be that the disruption potential of the supply chain in the fresh food and produce industry is massive.

Essentially the supermarket industry is a duopoly, possibly with cartel like features, and if MFB can achieve sufficient scale with cost benefits, then the supermarket industry could come crashing down on itself.

If legislation is on their side then when push comes to shove, we know what the outcome will be. The catalyst for such actions could well be Covid. Just look at the fruit and vege aisles in your local supermarket. How many people have handled or sneezed or coughed over your purchase before you actually buy it?

Think Coles and Woolies here. Or Countdown and Pack n Sav.
  Forum: NZX

plastic
Posted on: Mar 11 2021, 02:28 PM


Group: Member
Posts: 10,848

There is no thread here for SKN which is ok I guess but you have to wonder why that is. It's been listed since 2016. So I put it here.

When you supposedly have the Mokbel money and others like him involved in the stock what chance do the ordinary mums and dads have?

All thats missing is the Citigroup thumbprint.

https://www.theage.com.au/national/victoria...303-p577gy.html

QUOTE
An ASX-listed company planning the global launch of a new hand sanitiser range has been forced into a trading halt while it is owed more than $8 million by a Carlton-based business linked to a Melbourne underworld figure.

Skin Elements has voluntarily suspended trading in its shares on four separate occasions since January 28 as it awaits payment from State Securities, which was appointed last year to underwrite an options deal to raise $10.5 million.
  Forum: Off Topic Chat

plastic
Posted on: Mar 11 2021, 12:55 PM


Group: Member
Posts: 10,848

More to come. An early Easter perhaps.

https://www.zerohedge.com/political/here-co...sponse-thursday

QUOTE
"Tomorrow night, I’m going on primetime to address the American people and talk about what we went through as a nation this past year. But more importantly, I’m going to talk about what comes next," Biden said Wednesday.

"I’m going to launch the next phase of the Covid response and explain what we will do as a government and what we will ask of the American people," he said. "There is light at the end of this dark tunnel over the past year. We cannot let our guard down now or assume that victory is inevitable. Together, we’re going to get through this pandemic and usher in a healthier, more hopeful future."


  Forum: Investment Discussion

plastic
Posted on: Mar 11 2021, 11:11 AM


Group: Member
Posts: 10,848

Not long now. Looks like Easter is going to be it.

Meanwhile, just checked in on GME and typed out GMEI by mistake. That's the game to be in on. Up 1,100% in a single session!

Holy moly. What are we in for?
  Forum: Investment Discussion

plastic
Posted on: Mar 11 2021, 04:24 AM


Group: Member
Posts: 10,848

And still waiting.

https://www.cnbc.com/2021/03/09/covid-stimu...-wednesday.html

QUOTE
House Democrats plan to pass the $1.9 trillion coronavirus relief package on Wednesday morning.
House Democrats aim to pass the $1.9 trillion coronavirus relief bill on Wednesday so President Joe Biden can sign it by the weekend.

The chamber received the Senate-passed package on Tuesday, and will take procedural steps to set up final approval Wednesday morning, according to Majority Leader Steny Hoyer’s office. Biden aims to sign the legislation in time to beat a Sunday deadline to renew unemployment aid programs. It can take days for Congress to formally send huge bills to the White House.

  Forum: Investment Discussion

plastic
Posted on: Mar 10 2021, 03:33 PM


Group: Member
Posts: 10,848

Gunna buy Merck. Needs to be at an appropriate level.
  Forum: By Share Code

plastic
Posted on: Mar 10 2021, 09:33 AM


Group: Member
Posts: 10,848

Well. Gee. Call me a skeptic why don't you. Not only do you risk getting killed trying to save yourself, it may all be for nothing anyway.

I see Moderna have just hired a new Head Counsel. Now why would they be doing that? Perhaps they see some pending litigation on the horizon.

https://www.zerohedge.com/covid-19/vaccines...an-nursing-home

QUOTE
As new COVID cases tumble across North America, sleepy British Columbia has just reported a new outbreak of the virus at a nursing home in the province where both staff members and patients had already been vaccinated.
  Forum: Off Topic Chat

plastic
Posted on: Mar 10 2021, 08:49 AM


Group: Member
Posts: 10,848

Case in point. Directors retiring from this dog to save the fees in order to save the company. Why does the NZX allow such things? They should follow the NASDAQ and just kick them off the exchange after a certain time frame if they are unable to comply with set criteria.

Seriously, if it is good enough for one director to do this, then it should be good enough for them all.


http://nzx-prod-s7fsd7f98s.s3-website-ap-s...8877/342075.pdf
  Forum: NZX

plastic
Posted on: Mar 10 2021, 07:44 AM


Group: Member
Posts: 10,848

The NZX is littered with shell companies looking for a business to be backed into them according to the everywhere Chairman of them, Mr. Joyce.

You have to wonder why MFB, didn't use one of those for its listing. Cheaper, easier, faster. Something to do with getting ASX listing perhaps.

Anyway, new company on both exchanges and this site can't be bothered making up a new ticker for it.
  Forum: NZX

plastic
Posted on: Mar 10 2021, 07:11 AM


Group: Member
Posts: 10,848

Still waiting.
QUOTE
The House plans to pass Democrats’ $1.9 trillion coronavirus relief bill this week and get fresh aid to Americans starting this month.

The chamber aims to approve the rescue package in time for President Joe Biden to sign it before key unemployment programs expire on Sunday. The Senate passed the legislation on Saturday.

Democratic leaders hope to get the legislation through the House as soon as Tuesday, but passage could slip to Wednesday as representatives wait for the Senate to send the massive proposal back across the Capitol.
“It could be that we get it tomorrow afternoon and then it has to go to [the House Rules Committee]. And we’d take it up Wednesday morning at the latest,” House Speaker Nancy Pelosi, D-Calif., told reporters Monday.

  Forum: Investment Discussion

plastic
Posted on: Mar 9 2021, 12:01 PM


Group: Member
Posts: 10,848

Another body blow to the NZX. And Australia will take anything the Kiwis have by the look. Rubbish or not.
The very powerful people in the Little Boys Club of the NZX are going to have to tap the local dairies and second hand dealers to find new business at this rate.

https://www.nzherald.co.nz/business/macquar...JM4RIFEI7QUW74/

QUOTE
  Forum: NZX

plastic
Posted on: Mar 8 2021, 06:53 PM


Group: Member
Posts: 10,848

I wonder what has changed. After todays announcement, they must find NZ very convivial.
QUOTE
Pfizer's announcement is a severe setback to research at ACRC. By year-end, the center will lose a $4-million-a-year grant for research on both anti-cancer and anti-bacterial drugs, just one year into its 10-year contract. The Pfizer contract represented one third of the ACRC's entire budget and is the largest of its kind with a New Zealand research institution.

Shortly before the pharma company cut its ties, Pharmac (Wellington, NZ), the national agency managing pharmaceutical expenditure, declined in May to further subsidize all but the largest doses of Pfizer's cholesterol-lowering drug Lipitor, a decision that did not go down well with Pfizer's management: "This country is probably the most hostile in terms of an operating environment for the reimbursement of pharmaceuticals," complains Pfizer New Zealand's general manager Mark Crotty.

  Forum: Off Topic Chat

plastic
Posted on: Mar 8 2021, 02:40 PM


Group: Member
Posts: 10,848

There is movement at station. Maybe someone is following these blogs. They seem to have a finger on the pulse of mood change in the electorate for sure.

Today's announcement gives an insight into the preceding silence. There must've been commercial negotiations underway and they couldn't say anything. The TPPA got hung up on IP rights for biologicals. I wonder if it and TRIPS played any role in these discussions. What is concerning is the fudge she gives on the price of the extra cost. To paraphrase, loss of life has been prevented that makes any deal a bargain. She skips around the price issue without elaborating. Immediately its a red flag. A dogs dinner comes to mind.

It also makes you wonder why they have done this now. There are now other vaccines to choose from. Also, is it just random chance that after such a prolonged silence and profound shift it happens in the week the $1.9tn Covid relief bill is to be passed? And why is Merck still AWOL? Has Moderna been snubbed?

It's good to see movement but there still seems to be a lack of urgency on the matter because going with one supplier means you are at their mercy should things change.

https://www.nzherald.co.nz/nz/covid-19-coro...KYO6A2FN4TIJHU/


QUOTE
New Zealand has secured an extra 8.5 million does of Pfizer's Covid vaccine - enough for every New Zealander, the Government says.

Prime Minister Jacinda Ardern said the move means New Zealand "is one step closer to moving away from restrictions to manage Covid-19".
  Forum: Off Topic Chat

plastic
Posted on: Mar 8 2021, 12:17 PM


Group: Member
Posts: 10,848

QUOTE
New Zealand Media and Entertainment is a New Zealand newspaper, radio and digital media business. It was launched in 2014 as the formal merger of the New Zealand division of APN News & Media and The Radio Network, part of the Australian Radio Network


One of said radio stations is Newstalk ZB. The top jock on that show has just lost his weekly morning AM slot with the PM. And is he pissed on it. You can imagine if you were the PM and having to deal with a guy like this, vitriolic, bigoted, confrontational, disrespectful and ideologically opposed to you, then you might feel a bit indifferent about going on his show. She is after all a PM. Not a ring in for your own ratings.

He is the NZ equivalent to Alan Jones. I dare say his future will end the same way. Wasn't it Jacinda who precipitated his demise?
Maybe this jock knows whats coming, knows there is no hope of turning the ship around and knows that this is his last chance to get the upper hand simply because he can hog the microphone.

Good governance mandates a co-operative but not pliant media. I guess he missed that memo or was born in an era when ratings is all that mattered. Hence his antics.

https://www.nzherald.co.nz/nz/mike-hosking-...K6YLFOWTQY45LA/
  Forum: NZX

plastic
Posted on: Mar 8 2021, 11:03 AM


Group: Member
Posts: 10,848

Are you aware of the growth strategy employed by Cisco when they were a new kid on the block?

There's no billion dollar company here except on the internet data waves.
  Forum: By Share Code

plastic
Posted on: Mar 8 2021, 10:09 AM


Group: Member
Posts: 10,848

Head n shoulders forming now. Price going back to 13c.

Watch for the MBO when it does.
  Forum: NZX

plastic
Posted on: Mar 8 2021, 08:44 AM


Group: Member
Posts: 10,848

Another PR puff piece in the media trying to tap out all the emotions. First some chicken soup for the soul, then the fighting spirit of kiwis and number 8 wire then the success to date with more to come which means dollars dollars dollars in the investor's eyes. What about the bits missing?
https://www.odt.co.nz/business/global-domination-dunedin

QUOTE
"We never say never, we just never ever ever give up. That's just our mantra. We could have walked away, said it's too hard and it would fold [but] our ethos is never ever ever give up, it's as simple as that. We knew we had a monstrous proposition ... it was just a matter of getting it all together."

Translates to as long as we are getting by on someone elses dime lets just keep going.
QUOTE
Pacific Edge was one of the sharemarket's strongest performers last year, Forsyth Barr analysts describing it as a "transformational" year, ticking off key milestones leading to a substantial re-rating and a return to S&P/NZX50 inclusion.
It was in the early stages of its commercial growth journey. It had been a long time coming, but recent milestones had changed business momentum substantially. During the course of the year, the share price went from 12c to $1.22, a whopping 917% increase.

Another one! It still doesn't earn a penny after twenty or more years.
QUOTE
"For us going forward, we have to get some serious capital and start doing more of what we've done.

Means, another capital raise coming so we can never ever, ever give up and keep this gravy train rolling.
The conclusion is, what's the buyout price?
  Forum: NZX

plastic
Posted on: Mar 7 2021, 11:44 AM


Group: Member
Posts: 10,848

An explanation for the lack of urgency on the vaccine roll out perhaps.

Which would you rather have? The disease or the cure?

QUOTE
According to adverse incident reports collected by the Centers for Disease Control and Prevention (CDC) and the Food and Drug Administration (FDA) 966 individuals have died after having received an mRNA vaccine for COVID-19.

Between Dec. 14 and Feb. 19, 19,769 reports were made to the Vaccine Adverse Events Reporting System (VAERS) following immunizations with either the Moderna or Pfizer BioNTech mRNA vaccines (the only two vaccines given during the time period assessed). At this time, VAERS data is not available after Feb. 19.

The 966 deaths represent 5 percent of the total number of adverse events reports. Of those who died, 86, (8.9 percent) died on the same day they got the shot. An additional 129, (13.4 percent) died within one day. An additional 97 died within 2 days, and 61 within 3 days.
  Forum: Off Topic Chat

plastic
Posted on: Mar 7 2021, 08:06 AM


Group: Member
Posts: 10,848

With the Covid bill in the US set to be passed next week, there must be a end in sight for the North Atlantic FTA as well.

QUOTE
The EU is negotiating a new supply deal with Moderna that could nearly double the volume of vaccine doses from the U.S. biotech firm, two senior EU officials involved in the talks told Reuters.
  Forum: Off Topic Chat

plastic
Posted on: Mar 6 2021, 06:31 PM


Group: Member
Posts: 10,848

Another PRR or PBT by the look of it. No serious names in the registry, science looks light, scant detail on placements and just too much pump in it for me.

Wouldn't go near it with a barge pole.
  Forum: By Share Code

plastic
Posted on: Mar 6 2021, 12:38 PM


Group: Member
Posts: 10,848

Amazing price trajectory. Never gets a mention here. From under 5c to about four bucks in eighteen months.
Thats why the only reason to be on these boards is to find out what not to buy. Eg, ANP.
  Forum: By Share Code

plastic
Posted on: Mar 6 2021, 08:36 AM


Group: Member
Posts: 10,848

Coming soon.

QUOTE
The Ides of March is the 74th day in the Roman calendar, corresponding to 15 March. It was marked by several religious observances and was notable for the Romans as a deadline for settling debts. Wikipedia
  Forum: By Share Code

plastic
Posted on: Mar 5 2021, 06:39 PM


Group: Member
Posts: 10,848

There is something very strange going on with this vaccine roll out. Front line staff are now getting theres but there is no other option other than the PFE one. We are waiting on the Novavax delivery. As far as I know no other vaccine is scheduled for delivery. But Novavax doesn't have any regulatory body authority yet for distribution.


In fact the decision has been delayed and nobody knows why.

But as these other countries are finding out. There is an alternative which is just as good and readily available. So, if the pandemic is as severe and deadlyas they say why are these alternatives not being pursued? I have a feeling the matter is now a political football with the ability to create some geo-political fault lines.

https://www.cnbc.com/2021/03/02/russias-spu...taboolainternal

QUOTE
The Czech Republic, Austria, Hungary and Slovakia have all expressed interest in procuring and deploying Russia's "Sputnik V" vaccine, a move that could undermine an EU-wide approach to approving and administering coronavirus vaccines.

Czech Prime Minister Andrej Babis said on Sunday that his country could use the Sputnik V vaccine even without approval by the EU's drugs agency, the European Medicines Agency.
  Forum: Off Topic Chat

plastic
Posted on: Mar 5 2021, 06:14 PM


Group: Member
Posts: 10,848

Some clever and learned people share my view.

Structural change impending maybe.


https://www.stuff.co.nz/business/opinion-an...-sputnik-moment

QUOTE
But there is an achilles heal in this logic - the inability for our Stock Exchange to be a competitive place for companies to raise capital.

While getting the My Food Bag listing for $450 million recently, the NZX has lost Rocket Lab's $4 billion prize. One good win, one massive loss. Rocket Lab is as big a loss as Xero, who de-camped from the NZX to Australia.
  Forum: NZX

plastic
Posted on: Mar 5 2021, 05:16 PM


Group: Member
Posts: 10,848

Done like a dogs dinner.

https://www.statnews.com/2021/03/04/amgen-s...ansion-in-asia/

QUOTE
Amgen spends $1.9 billion on Five Prime, eyeing an expansion in Asia
  Forum: By Share Code

plastic
Posted on: Mar 5 2021, 04:38 PM


Group: Member
Posts: 10,848

There are many successful and profitable businesses which operate in the private sector. Those businesses choose not to list on the stock exchange for a plethora of different reasons. Not the least being its a sewer full of miscreants and parasites with a likely outcome of a wealth transfer to said miscreants.

That's why when I look at today's IPO, it's a reasonable assumption to make that it's a case of miscreants looking after fellow miscreants.
  Forum: NZX

plastic
Posted on: Mar 5 2021, 03:01 PM


Group: Member
Posts: 10,848

I'd like to know who are the gatekeepers of entry to the market. Because whomever they are they are doing a lousy job of bringing quality businesses to the masses for national economic growth.
  Forum: NZX

plastic
Posted on: Mar 5 2021, 11:31 AM


Group: Member
Posts: 10,848

Case in point. Today's IPO of My Food Bag (MFB), the online grocer, is a flop. Good of the ASX to take NZs rubbish though.

Meanwhile billions of market cap goes up to America.
  Forum: NZX

plastic
Posted on: Mar 5 2021, 10:41 AM


Group: Member
Posts: 10,848

Head n shoulders pattern still holding. Next stop is 12c as long as everything stays constant.
  Forum: By Share Code

plastic
Posted on: Mar 5 2021, 10:35 AM


Group: Member
Posts: 10,848

Anyone who thinks Platinum and the morality funds don't know what they are doing clearly don't know what they are doing.
  Forum: By Share Code

plastic
Posted on: Mar 5 2021, 10:21 AM


Group: Member
Posts: 10,848

Could be Covid nationalism in action. If it is why was the agreement made in the first place?

More like a negotiating tool.

The Atlantic FTA has still not been signed yet despite Brexit. Might be somebody is welching out on their end of the deal or asking too much for something.
  Forum: Off Topic Chat

plastic
Posted on: Mar 5 2021, 10:01 AM


Group: Member
Posts: 10,848

And what are the connotations of this?

From ZeroHedge.


QUOTE
Due to potential market volatility, reduced intraday Futures Margin Rates will be suspended at 3:00pm ET.

All Futures accounts will be required to have full maintenance margin when trading futures products by 3pm ET.

Reduced intraday Futures Margin Rates will be available again at 8:00am ET Friday morning.

  Forum: Investment Discussion

plastic
Posted on: Mar 5 2021, 09:16 AM


Group: Member
Posts: 10,848

What is wrong with the Chinese or Russian ones?

I'm surprised there's not a black market for them yet.
  Forum: Off Topic Chat

plastic
Posted on: Mar 5 2021, 08:42 AM


Group: Member
Posts: 10,848

Markets take another thumping and BNTC is down 11%. Must be all time lows since they redomiciled to the US.

I would like to think a transaction will happen in this quarter. But realistically, it is looking like the middle of the year. Summer holidays in the US. A July Fourth celebration.

Lets hope I am wrong and this really is a final shake of the tree.
  Forum: By Share Code

plastic
Posted on: Mar 4 2021, 10:03 PM


Group: Member
Posts: 10,848

You must know that if it gets to five again, thats it. Lights out and management will just do what they have done all along....take the money.
  Forum: By Share Code

plastic
Posted on: Mar 4 2021, 07:10 PM


Group: Member
Posts: 10,848

PYC must be due a trading halt soon. Seems like every oiler and miner and some biotechs in town are calling them. Just not PYC.
  Forum: By Share Code

plastic
Posted on: Mar 4 2021, 07:08 PM


Group: Member
Posts: 10,848

I would've expected a guy like you to be all over BUY.
  Forum: By Share Code

plastic
Posted on: Mar 4 2021, 12:57 PM


Group: Member
Posts: 10,848

Proof that Jacinda has lost her relevance to the population is the amount of businesses I see today open in complete defiance of the lockdown rules.

This current lockdown was brought about by a household who were in contravention of the rules and thus became spreaders according to what is reported. But no other positives have been found even though the entire country got put into a lockdown for the actions of this one family.

When asked why isn't any action being taken against the family the response was something along the lines of ,we don't want to do that because it would cause a lack of cooperation.

The message is, compliance is entirely voluntary because there are no consequences. Hence, businesses and social interactions I saw today are operating in a business as usual manner.

Jacinda has over egged it. All she's doing now is clubbing baby seals.

Why no urgency on the vaccine roll out?
  Forum: Off Topic Chat

plastic
Posted on: Mar 4 2021, 09:19 AM


Group: Member
Posts: 10,848

Biotechs are taking a thumping in the US overnight.

Fingers crossed this is the final shake of the tree before we find out what is really going on with Au. biotech.
  Forum: By Share Code

plastic
Posted on: Mar 4 2021, 08:59 AM


Group: Member
Posts: 10,848

If the ANP oligo hasn't got the magic sauce on it that determines the new gold standard then the likelihood of success is very low.

Not all hamburgers are Big Macs.
  Forum: By Share Code

plastic
Posted on: Mar 4 2021, 07:28 AM


Group: Member
Posts: 10,848

30 day average has to be a lot closer to the 100 day average for my liking. Plenty of time yet.

10c coming definitely.
  Forum: By Share Code

plastic
Posted on: Mar 3 2021, 08:43 PM


Group: Member
Posts: 10,848

Don't know what the main man looks like but I am sure he'd compare to Wurzel Gummidge as a straw man.
  Forum: By Share Code

plastic
Posted on: Mar 3 2021, 08:30 PM


Group: Member
Posts: 10,848

All depends on the design. Like so many things.

I'm a percentage player. Like my tennis. Don't need the glory just the point.

It all depends on the IP.

From a matrix comparing different technology types for gene silencing. Didn't copy and paste too well.

It kinda says, look out at PIII.

QUOTE
Technology Antisense

Advantages Enters cells easily in vivo

Disadvantages Difficult to design efficient antisense
  Forum: By Share Code

plastic
Posted on: Mar 3 2021, 08:27 PM


Group: Member
Posts: 10,848

Sounds like a great self enrichment plan.
  Forum: By Share Code

plastic
Posted on: Mar 3 2021, 03:38 PM


Group: Member
Posts: 10,848

Testing one thirty resistance.
  Forum: By Share Code

plastic
Posted on: Mar 3 2021, 09:15 AM


Group: Member
Posts: 10,848

All in all, quite the disappointment really.
  Forum: By Share Code

plastic
Posted on: Mar 2 2021, 08:20 PM


Group: Member
Posts: 10,848

Well blow me down with a feather. I am looking at the SEC site for info on BNTC and if I am reading this right they have not only fully moved to the US with no hint of an Australian address but they have received a Notice of Effect just yesterday for a $75m capital raise. But the date for when is not stated.

It will be interesting to see who will take it up. We know they were once associated with AZ and they have just sold their MRNA stake.
  Forum: By Share Code

plastic
Posted on: Mar 2 2021, 08:23 AM


Group: Member
Posts: 10,848

If the subsidiary gets hived off in a MBO then I wonder what will get backed into the shell holding company.

I'm guessing it could be Scion or a combination of all the CRIs.
  Forum: NZX

plastic
Posted on: Mar 2 2021, 07:42 AM


Group: Member
Posts: 10,848

A little part of me hopes against the odds that BNTC will be able to pull of a Novavax. NVAX.

They went from just four bucks at the end of 2019 to a close of $240 last night and reporting billions in revenues due to their vaccine.
  Forum: By Share Code

plastic
Posted on: Mar 2 2021, 07:30 AM


Group: Member
Posts: 10,848

Another example of the slow death and decay of the NZX. Rocket Lab to list on the NASDAQ. No need for the NZX or ASX. If any New Zealander, either an individual or institution, wants to get a piece of the action they will have to export dollars up to the US to buy a US company that is developed and operated in NZ.

There is something wrong in this formula.

Meanwhile, the NZX hams up their business success with the listing of a used car sales and finance company and an online grocery business. And the punters are supposed to have confidence in their local bourse because of it.


https://www.nzherald.co.nz/business/rocket-...4N7HWWV2LNSL6A/

<h1 class="article__heading" data-test-ui="article__heading">
QUOTE
Rocket Lab confirms US$4.1b Nasdaq listing, larger rocket for human spaceflight
</h1>
  Forum: NZX

plastic
Posted on: Mar 2 2021, 07:12 AM


Group: Member
Posts: 10,848

BNTC getting slammed again in the US. Down over 9%.

That's gotta be a good thing if you are contrarian minded given all the other things going on in the sector.
  Forum: By Share Code

plastic
Posted on: Mar 1 2021, 06:10 PM


Group: Member
Posts: 10,848

QUOTE
Looking around for a few other trading halts as a clue for a wider sector rationalization of some sort but I am just not seeing it.


Except in the miners.
  Forum: By Share Code

plastic
Posted on: Mar 1 2021, 05:10 PM


Group: Member
Posts: 10,848

AZN has sold its stake in MRNA. Don't know what's going on but something is and I won't be surprised if whatever it is has a connection to MSB's targeted investor.
  Forum: By Share Code

plastic
Posted on: Mar 1 2021, 05:00 PM


Group: Member
Posts: 10,848

Careful reading of the report released Friday suggests to me existing partners are taking the hardball position where they welch out on the capital call when milestones are reached.

Therefore its my guess the targeted investor is the cavalry arriving just in the nick of time before the pioneers get overrun by bandits.

In which case, we might have a short squeeze on our hands.
  Forum: By Share Code

plastic
Posted on: Mar 1 2021, 11:54 AM


Group: Member
Posts: 10,848

Don't be surprised if we see a suspension tomorrow in order to maintain the suspense.

Looking around for a few other trading halts as a clue for a wider sector rationalization of some sort but I am just not seeing it.
  Forum: By Share Code

plastic
Posted on: Feb 28 2021, 09:52 AM


Group: Member
Posts: 10,848

Someone needs to tell somebody something.

https://www.zerohedge.com/

QUOTE
Propaganda Crash: World Economic Forum Tweets "Lockdowns Improving Cities", Then Deletes Admitting It Was Wrong
  Forum: Off Topic Chat

plastic
Posted on: Feb 27 2021, 05:50 PM


Group: Member
Posts: 10,848

Jacinda is about to address the nation at 9PM on a Saturday night.

Another lock down coming.

But no urgency on the vaccine delivery!

The message is, we are happy to strip the individual of their civil liberties by media and statute, ruin businesses and peoples livelihoods, force misery and heartache upon those who are sick and dying or giving birth and destroy jobs but don't ask us to give the population access to a vaccine which is sitting on a shelf.

Jacinda needs to understand, nobody believes her. It doesn't matter how big her stick is that she is going to club us all with. She needs to express her urgency by getting the vaccines (plural) to the population and take hers on live television. Pregnant or not.
  Forum: Off Topic Chat

plastic
Posted on: Feb 27 2021, 05:14 PM


Group: Member
Posts: 10,848

I'm surprised mactrader isn't on this for a pump n dump. Like ANP
  Forum: By Share Code

plastic
Posted on: Feb 27 2021, 03:19 PM


Group: Member
Posts: 10,848

At some point they did a massive rights issue at half a cent then went on to a high of about 60c or 70c. A dodgy US politician was involved and the drug patients were relying on got pulled.

60 Minutes did a piece on it.
  Forum: By Share Code

plastic
Posted on: Feb 27 2021, 01:57 PM


Group: Member
Posts: 10,848

How do we know whether the Russian or Chinese vaccines are better or cheaper with better bang for your taxpayers buck?

Seems strange to me NZ and pharmac are restricting themselves and therefore me to just Pfizer's and NVAX' vaccines.

If the pandemic is as severe as we're told it is, we should be considering all options and allowing people to purchase the vaccine instead of waiting for the state to dole it out free.

That's what I would prefer. Give me the choice to pay a premium and jump the queue for any approved vaccine.

For chrissakes! I should be able to get it on Amazon or Alibaba or even TradeMe!

Its a frigging pandemic and if you get Covid then its probably a death sentence. Unless you're Ronaldo. In that case you will score at least two goals the next match you play.

That means Jacinda is playing Russian Roulette with my life by denying me access to A vaccine. ANY vaccine. Not just the one she says I'm allowed to have.
  Forum: Off Topic Chat

plastic
Posted on: Feb 27 2021, 11:44 AM


Group: Member
Posts: 10,848

With such august fonts of knowledge on this board, surely someone can provide a logical explanation as to why the FDA gives JNJs vaccine emergency use authority almost immediately and definitely earlier than the empirically superior NVAX vaccine when they've had the data for longer. Strangely, NZ had vaccine assurances from them before the trial was even finished. Now how does that work unless you know something others don't?

To say, that's just how it works doesn't cut the mustard.
  Forum: Off Topic Chat

plastic
Posted on: Feb 27 2021, 02:27 AM


Group: Member
Posts: 10,848

QUOTE
Simple question......


That's mandatory. Sophistication is not what is expected.

I'd like to know how NZ was able to get first dibs on the Novavax vaccine before the trial data was even made public. I am wondering if they have some kind of line into the trial or with the company. Doesn't make sense though that the only other vaccine allowed into the country is the Pfizer one. AZ and JNJ and any others are just off the list.

Not what you would expect for a pandemic with such dire consequences.

Still, if its ok for the PM to shun having a jab, then there's no need for anyone else to get one. Perhaps she is pregnant again.
  Forum: Off Topic Chat

plastic
Posted on: Feb 27 2021, 02:14 AM


Group: Member
Posts: 10,848

Delisted. But there is hope. Just look at SLA. ohmy.gif
  Forum: By Share Code

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