ERX - A thread for everyone

The payment was suppose to be due mid 06. The results run upto end june 06. So the payment wasnt made before year end. If it had been recieved after we would expect a mention.

Now they say the board will update when milestones are met. So we are still on for them just the dates may be wrong or progress was not as quick as anticipated. Maybe last time they were too optermistic.

I dont think the results are bad and there is underlying developments. In terms of needing more money, is as i expected. Did your realy think that the cash in the bank would take them through all the trials. come on. As long as in the grand scheme of things we are making progress then it is part and parcel. Bioprogress recently raised funds with a placing at 50p in sept they stand at nearly 70p. Again the market anticipates but is prepard to throw if potential is being realized.

We are investing in the IP which hasnt changed, we just got hyped into milestones that were not there.

So what has changed?

IP the same with reports of progress and new partnerships.

Financial slightly better, not going to set the world on fire but going in the right direction.

The only major problem with this company to affect the SP would a failure in the technology or IP. We havnt seen that we seen promising progress.

the line that reads

I believe this recent licensing activity in EiRx's chosen field bodes well for
EiRx's future prospects, but also indicates the stage of development at which
the Company can expect to secure a significant license deal.

I didnt invest on the basis of the balance sheet and never expected miracles, yes the payments would have been a soother but we knew what to expect.

i am waiting for the significant license deal not an unexpected 500k in the results.