"* Todd is still very much responsive, at least as long as one does not ask to concrete questions."
So the fact that someone answers a phone and then provides no information strikes you as a positive?
" RJ just found out that Bintai Kinden is still counting on the agreements they have signed with the companies."
Couple of observations - have you actually read the original MOU from August 17, 2020? There are really only 2 meaningful paragraphs in the entire agreement, one under Section 3, titled Purpose, which reads: " The parties have agree to collaborate and had laid down the strategy towards the rapid development of the Vaccine and to cooperate with each other in the preparation of the Project, based on the terms of the MOU." The other is section 4, titled Rationale, which reads: "The MOU is to establish a collaboration for the preliminary understanding of arrangement for the collaboration between the Parties in the funding, launching and management of synthetic peptide vaccine for SARS-CoV-2 subject to the terms and conditions of the MOU."
In other words, the MOU is nothing substantive; it is just an agreement to collaborate, should NuGen actually ever accomplish anything. Words matter. One other note - the most recent "announcement" says nothing about "counting on," i.e., reliance. It simply says everything is "status quo," i.e., nothing has changed.
"the roll out of Excellegen sounded almost like a done deal during the time of the last CC in May. I don't see any reason why this detailed plan that was explained to us, would not be realized in the meantime. According to this plan, by now they should be making millions of dollars in Excellegen sales. Why would a company go bankrupt with such a product in their portfolio?"
The important word from your remark above is "sounded." What something sounds like, and what it actually is can be two entirely different things. I don't think I have to point this out to you, but you said it, and I cannot agree more. BTW, I can think of a reason why something we were told was going to happen did not, and apparently still has not.
"besides the entire Corona vaccine story, the valuation of NGIO is independently estimated to be in the hundreds of millions. Why would such a company go bankrupt?"
Yeah. Besides making that statement, did anyone ever actually see the valuation, in terms of what the analysis was, what values were attributed to what parts of the business and why, etc, what debts versus assets were considered, and so forth? Generally, we got a "trust me, I'm your CEO." And of course, the reason such a company would go bankrupt is if it were mostly sizzle, and little steak.
" the company and Joe have been very outspoken and communicative in the previous years, and all of a sudden they stop communicating entirely and when asked the only statement we receive is a 'we cannot provide updates at this time'"
Let's see, can any of us think of any kind of business proposition in which we have been told, even for any extended period of time, how great a product is, ultimately to discover that the folks who were telling us all these great things virtually up and disappeared? If you cannot, then I suspect you have lived a sheltered life, or had someone else always handle every transaction for you. The other response I would give is to pay attention to what people do, and not what people say. Lots of people on this board have mentioned (sometimes repeatedly) that these companies have promoted lots of things, and apparently generated little to no revenue from them.
Bottom line, my list is what the companies are doing/not doing now, not what the CEO/President/CoB is saying (which as of now, of course, is nothing at all). IMHO, your list is what has been said, not done.
So the fact that someone answers a phone and then provides no information strikes you as a positive?
" RJ just found out that Bintai Kinden is still counting on the agreements they have signed with the companies."
Couple of observations - have you actually read the original MOU from August 17, 2020? There are really only 2 meaningful paragraphs in the entire agreement, one under Section 3, titled Purpose, which reads: " The parties have agree to collaborate and had laid down the strategy towards the rapid development of the Vaccine and to cooperate with each other in the preparation of the Project, based on the terms of the MOU." The other is section 4, titled Rationale, which reads: "The MOU is to establish a collaboration for the preliminary understanding of arrangement for the collaboration between the Parties in the funding, launching and management of synthetic peptide vaccine for SARS-CoV-2 subject to the terms and conditions of the MOU."
In other words, the MOU is nothing substantive; it is just an agreement to collaborate, should NuGen actually ever accomplish anything. Words matter. One other note - the most recent "announcement" says nothing about "counting on," i.e., reliance. It simply says everything is "status quo," i.e., nothing has changed.
"the roll out of Excellegen sounded almost like a done deal during the time of the last CC in May. I don't see any reason why this detailed plan that was explained to us, would not be realized in the meantime. According to this plan, by now they should be making millions of dollars in Excellegen sales. Why would a company go bankrupt with such a product in their portfolio?"
The important word from your remark above is "sounded." What something sounds like, and what it actually is can be two entirely different things. I don't think I have to point this out to you, but you said it, and I cannot agree more. BTW, I can think of a reason why something we were told was going to happen did not, and apparently still has not.
"besides the entire Corona vaccine story, the valuation of NGIO is independently estimated to be in the hundreds of millions. Why would such a company go bankrupt?"
Yeah. Besides making that statement, did anyone ever actually see the valuation, in terms of what the analysis was, what values were attributed to what parts of the business and why, etc, what debts versus assets were considered, and so forth? Generally, we got a "trust me, I'm your CEO." And of course, the reason such a company would go bankrupt is if it were mostly sizzle, and little steak.
" the company and Joe have been very outspoken and communicative in the previous years, and all of a sudden they stop communicating entirely and when asked the only statement we receive is a 'we cannot provide updates at this time'"
Let's see, can any of us think of any kind of business proposition in which we have been told, even for any extended period of time, how great a product is, ultimately to discover that the folks who were telling us all these great things virtually up and disappeared? If you cannot, then I suspect you have lived a sheltered life, or had someone else always handle every transaction for you. The other response I would give is to pay attention to what people do, and not what people say. Lots of people on this board have mentioned (sometimes repeatedly) that these companies have promoted lots of things, and apparently generated little to no revenue from them.
Bottom line, my list is what the companies are doing/not doing now, not what the CEO/President/CoB is saying (which as of now, of course, is nothing at all). IMHO, your list is what has been said, not done.
1
2
