SBP solbec pharmaceuticals limited

company with a future ?

  1. egr
    101 Posts.
    I ve been following the SBP story for 12 months . I n June I took a major position in SBPO. Unfortunately since then I ve seen my investment drop by up to 500%. There was some misinformation and overly enthusiastic predictions of the stock. I ve taken the time to investigate the stock and talk to the md and chairman . I m not happy with all aspects of SBP , however I believe in the SBP product , I am concerned the Stage 1 trials seem to have been delayed , there were a couple of upsets with trials at Murdock Uni so I ve heard , now the trials are being conducted in Canada on rats and dogs.
    I was under the impression from the reports that as early as may 2002 the FDA granted permission for orphan drug status and fast tracking of trials , I assume the paper work and tests for this hasn t been done.
    I myself have been buying more options as to average myself down. I believe the options have greater leverage , however the time decay makes an option position far riskier . I know the md and chairman have said the options could be rolled over if they arn t excercised by June. I would feel happier if I were to see this in writing , for many an option has expired worthless despite what has been promised.I believe that the SBP price will have to be at least 30 c + to justify people excercising the options as the share price would undoubtly fall by the influx of shares on the market . realisticaly 35-40 c would be an ideal price . Its going to take a lot of positive announcements before June to achieve this.
    I do believe in SBP and its products and believe a great future lies ahead . I was involved with DVT when it was Golden Hills Mining and started trading OXR nearly 5 years ago . I believe eventually SBP could eclipse both these stocks for traders , but it isn t going to happen in a couple of months .
    I hold 120,000 SBP and 1.6 million SBPO ( I do have real concerns about the options )
 
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Currently unlisted public company.

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