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CUV, CLINUVEL PHARMACEUTICALS LIMITED
Clinhope
post Posted: Apr 19 2019, 04:09 PM
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In Reply To: Johnny H's post @ Apr 19 2019, 10:06 AM

This coming Monday and Thursday the ASX is closed.



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Member of the “ALL-IN” club 2018.
 
Johnny H
post Posted: Apr 19 2019, 10:06 AM
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In Reply To: Johnny H's post @ Apr 19 2019, 07:35 AM

Scratch that. Trading holiday.






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Clinuvel until my bowels release for the last time.
 
Johnny H
post Posted: Apr 19 2019, 07:35 AM
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In Reply To: LevelHeaded2000's post @ Apr 19 2019, 06:22 AM

The cross-border arbitrage mechanism for this stock is done on the Australian market though HSBC. They would have to remove shares from the ASX marketplace and hold them on deposit in order for ADRs to be issued on the US market. Look for that to happen at some point today.

To my knowledge, there is no ADR pre-release provision in Clinuvel's (then Epitan's) agreement with BNY Mellon, as it was not common practice at the time the agreement was signed, and the agreement has not been updated according to SEC filings.

(as an aside, in my opinion, ADR pre-releases are outright fraud, even if it is done in accordance with the law. It's theft. Period.)

We'll see.



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Clinuvel until my bowels release for the last time.

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NewToCli
post Posted: Apr 19 2019, 07:00 AM
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In Reply To: LevelHeaded2000's post @ Apr 19 2019, 06:22 AM

Also the German Market recovered Weill from 13.50 in the morning to day high close of 14.79 eur = 23.22 AUD
Huge volumes ... seems like the drop was a bargain for many investors

 
LevelHeaded2000
post Posted: Apr 19 2019, 06:22 AM
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Current Prices:
  1. Australia: $15.58 USD ($21.80 AUD)
  2. USA: $16.57 USD
The prices between Australia and the US have diverged by $1.00. Large divergence has been there for several days. In general you would expect the prices to be within pennies of each other unless there was some news item between one trading session and the other.

Why is there divergence? My guess is shorting. Anywhere from 20-50% of daily volume on the australia exchange is shorters and shares shorted is currently at all-time-highs.. This additional, artificial sell pressure that does not exist on the US side is bringing down the Australia prices below market levels.

To me, this is a pretty strong argument the stock is currently oversold.


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johnnytech
post Posted: Apr 19 2019, 12:44 AM
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In Reply To: LevelHeaded2000's post @ Apr 18 2019, 02:40 PM

Not to be that guy, but just for clarification, there wasn't an official new drug application to the FDA from Clinuvel (aka Epitan) back in early 2000s. The FDA did not 'reject' the first formulation in the typical sense because it wasn't even brought up for official submission. The story I've been telling for years is the FDA just told Epitan in private discovery conversations that they would not approve a purely suntan barbie doll drug. And thus they pivoted to hiring PW and changing company name, direction, and mindset.

And thank goodness that happened for my own self interests because at my young age back then I would have blown all my profits and have nothing to show for it now. Instead I've been steadily working and accumulating over the years and have four times as much right now 2 months before approval then I had hoped to walk away with in 2007.


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macgyver
post Posted: Apr 18 2019, 04:05 PM
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In Reply To: macgyver's post @ Apr 18 2019, 03:59 PM

Nope.

 
macgyver
post Posted: Apr 18 2019, 03:59 PM
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I wonder if we will see large amounts of shares in the auction after 4pm....

 
odi01
post Posted: Apr 18 2019, 03:02 PM
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https://walletinvestor.com/stock-forecast/c...tock-prediction

 
Dr Wally
post Posted: Apr 18 2019, 02:55 PM
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In Reply To: Frogster's post @ Apr 18 2019, 02:37 PM

There have been many times when I’ve deluded myself for sure but not with this baby. Safety is always a legitimate concern until proven otherwise. In the case of Scenesse its been well and truely proven scientifically and anecdotally via 15 years of grey market use and possible abuse. How long is long enough to have safety concerns stifle a *brilliant* drugs progress?

Seeva has put sh1t on my posts many times before so that’s why I was a little harsh. I didn’t expect anyone else to take offence, especially concerning Scenesse safety.😬


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