MBP 3.23% 3.0¢ metabolic pharmaceuticals limited

share purchase plan?, page-5

  1. 4,770 Posts.
    re: share purchase plan crucifying. Think about it. All the bull about international partners dying to be part of this no product company in the same position as thousands of better equipped outfits looking for a magic fat pill.

    The CEO has gone, the founding professor went back to school, the doctor who brought it to market has quit.

    And now? Where are the partners? They took days and desperate racing all around town looking for a miserable $10m. Trading at 82c a few weeks ago they tried to place at 63c but had to go to 61c. If that's not bad enough they are now openly offering stock at 61c to the retail.

    This company is awful. It fell from 69.5 to 63c yesterday. I wouldn't touch it and I am looking for more stock to short.
 
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