Hi Bottoms ,
As an Investor one has to wait patiently for the news one anticipates . Aortech ,you know as well as I , could drop a game-changer at any time .
Perhaps you should read My Magellan Petroleum & NuOg posts or even Aurum / Ormonde
Of Course , death by a thousand cuts will continue ,until Mr Market decides what this lacklustre company is to become .
By The way ,Why don`t you join the Barclays competitors .You seem pretty lucid . It will help with your trading knowledge too .
The road has definitely been long for you...but now you have the opportunity to make some money on this volatility...if you time your sell right.
Well done for being so patient in the extreme and waiting for your day.
I must admit that I enjoyed watching the rise yesterday and was poised at 68p to start screaming SELL on here, because of the huge jump from about 59p straight to 67p on my live data, and gave away a massive chance for the traders to bank a very good profit.
It seemed a bit too good to be true that this would go much higher on the strength of an RNS saying that they had reached `an agreement` on their legal issues, particularly because they`d already flagged that up as imminent.
You`ll never know the figures so not worth pondering.
They`re still small fry, but the `informed traders` knew that when this `news` came it would start some very volatile moves in the very short term.
The herd pounced and I`d love to hear some of the best trades that were had...the 100%`ers will be having an extra festive holiday on the proceeds.
bbr, you are learning my friend, because you`re trying to throw a bit of ramping into the mix...you must be picking up a few tricks from the `professionals`....although if you`re going to sound authentic you must get your basic facts right..it wasn`t 8p a few months ago, the lowest it dropped to was 9.25p intraday and the lowest close was 9.5p.....and then was c16p within the next 2 days, so it was a very brief chance to get in that low.
Remember, this share has a very low number of shares in public hands, so volatility is nailed on with relatively low volume...thats why the herd are circling, and playing.
Sharks could learn a lot from these experts.
So now that the litigation is history, what kind of pitch could you give for new investors to buy into this story?
Glad to see you still here . Yes of course the past few days have had day trader involvement . Are they not involved in every share ?
That said . As I have a valuation of this share well above current MCAP .All dependent OF COURSE on Bill & The Team monetizing our long lost patents .
Seems to me the day traders are informing us that good news lies ahead .
How much from Foldax ?
How much from Biomerics ?
How much for the monetizing of patents ?
All as you rightly inform are still yet to be clarified in black & white .
One assumes that £1 may be surpassed within the month on speculation alone .
From there I may be joining your scepticism .
Its All About Elast-Eon: Bringing Quality and Value to Your Medical Device Project.
June 30, 2017
A couple of weeks ago, we shared some information about 3 different types of Elastomeric Materials that were categorized as medical elastomers and discussed the unique properties of our Elast-Eon family of polyurethane-siloxane copolymers.
Today, we would like to delve a little deeper in to the Elast-Eon family of polymers and provide some more information to help you understand its qualities and key uses in developing medical device products.
Elast-Eon was developed in the 1990s by researchers at CSIRO in Australia and first commercialized by AorTech in the early 2000s, Elast-Eon was licensed to Biomerics to produce and market starting in 2013. Biomerics continues to pursue new applications with customers throughout the world because of its properties that combine flexibility, biocompatibility, and biodurability of silicone with the strength and versatility of processing of polyurethane. Using this technology with our extrusion process, molding, dip-coating, and assembly capabilities we are able to supply Elast-Eon as a resin or to partner more closely with our customers to provide a component, sub-assembly, molded part, coating, or fully assembled device.
The Elast-Eon family of polyurethanes is also part of a larger group of products known as Quadra. Quadra products are medical polyurethanes used in a variety of medical device applications. They are specifically engineered to meet the demanding quality and biocompatibility requirement for the medical device market and are ISO-10993 and USP Class VI complaint. >>Learn More
Here, we highlight just a few current and potential applications where Elast-Eons advantages can be crucial to the success of a wide variety of medical devices.
Many design engineers have found Elast-Eon to have just the right combination of properties to enable technologies that would otherwise have diminished performance or even be impossible to achieve. The Elast-Eon product family includes grades with durometers spanning from 77 Shore A well into the Shore D range, as well as various grades that are tailored for extrusion/molding or solution processing, making it an attractive option across a broad spectrum of applications.
For more information on the Elast-Eon family of polyurethanes, please contact Nat Fredin at [email protected] to discuss your interest in and/or needs for this material.
Scottish heart valves maker AorTech International was given room to breathe yesterday, after raising £20.1m at the second attempt.
Japanese bank Nomura has agreed to act as underwriter to ensure the success of the scaled-down cash call, which follows the failure of a £64m share issue last month.
However, the success is not without a cost to directors. Chairman Gordon Wright and chief executive Eddie McDaid have been forced to spend a "six figure sum" investing in new shares, rather than selling £2m of their holdings each, as initially planned. Mr McDaid said: "In the current climate, I suppose it's a relief."
The firm has developed a brown plastic-like material called Elast-Eon, which is flexible enough for use in joints and valves but carries a low risk of rejection by the body. It also has a heart monitor called TruCCOMS, which measures the flow of blood more accurately than existing technology.
Without fresh funds, AorTech was due to run out of cash by the end of the year. However, investors boycotted the firm's initial attempt to raise money, on the grounds that £64m was too much to ask.
Mr McDaid said the scaled-down rights issue would give the firm less room to manoeuvre: "We won't have a war chest to look for acquisitions, or for new technology. If the right opportunity comes along, we will have to come back and talk to our shareholders."
Nomura were appointed to handle the fundraising in place of US bank Morgan Stanley, which botched the first attempt. It is understood that this change was at the suggestion of AorTech's shareholders.
Analyst Max Herrmann, of ING Barings, said the money should be enough to see AorTech through to profitability. He said: "I don't think £65m was ever a necessary amount to raise. This is much more reasonable - they'd clearly tried a placing which wasn't well thought through."
Shareholders are being offered shares on a five-for-24 basis at 320p, a steep discount to yesterday's closing price of 382.5p, down 17.5p.
AorTech recently launched its heart monitor, TruCCOMS, but initial sales have been disappointing, although the potential market for the device could exceed $200m (£140m). ING Barings expects the device to yield revenue of £1.5m next year, and £7m in 2003.
The recent stock market slump has hit the cash-poor biotechnology industry particularly badly. PPL Therapeutics, the cloning specialist famous for creating Dolly the Sheep, was forced to abandon a £45m fundraising earlier this week. Oxford Biomedica is raising £27m through an underwritten placing, but it could struggle to complete a £10m "top-up" offering of shares.
Founded in 1992, AorTech is valued at £460m. The Strathclyde-based company was built on technology developed by a doctor at Papworth Hospital, Cambridge, who was a friend of Mr Wright. Mr McDaid and Mr Wright each hold 14% of the company, worth £65m apiece.
Biomerics Announces The Creation Of Biomerics Advanced Extrusion Division
March 06, 2017
SALT LAKE CITY, March 6, 2017 Biomerics, a leading contract manufacturer for the medical device industry, announced the launch of its new Biomerics Advanced Extrusion division. The new division will specialize in the creation of next-generation extrusion and braid solutions for the vascular, coronary, electrophysiology, CRM, and interventional radiology medical device markets.
The new division will provide the medical device industry with a full range of extrusion and braid capabilities, including precision multi-lumen extrusion, taper/bump extrusion, co-extrusion, alternate polymer extrusion, and continuous braiding processes. A portfolio of material testing, tooling, braiding, metrology, and annealing services, as well as secondary operations and finished catheter assembly, will also be offered.
CONTACT BIOMERICS ADVANCED EXTRUSION
Coupled with our material and advanced catheter construction technologies, this addition will make us one of the only completely vertically integrated catheter solution businesses in the industry, remarked Travis Sessions, CEO of Biomerics.
Biomerics Advanced Extrusion will be led by Larry Alpert. I look forward to leading Biomerics Advanced Extrusion, stated Larry. My vision is to build a world-class extrusion facility that will enable us to develop solutions to the most difficult medical device problems. Biomerics materials, tooling, engineering, and processing capabilities will allow me to accelerate my vision.
Larry joins us with extensive expertise and over 30 years of experience in medical extrusion, added Travis. We are excited to add Larry and his team and we look forward to his leadership and innovation in this critical growth area of our company.
The new division is located within Biomerics 72,000 square foot facility in Brooklyn Park, MN. The facility, which is ISO-13485 certified and FDA registered, is also home to Biomerics Advanced Catheter and Biomerics Advanced Laser. Biomerics Advanced Extrusion will operate out of a dedicated cleanroom that has been optimized to continuously run multiple extrusion lines.
This facility was initially designed to provide a vertically integrated platform for the development and manufacture of advanced catheters and device leads, stated Steve Berhow, President of Biomerics Advanced Catheter. With the addition of extrusion manufacturing, this facility now offers everything required to produce a complete medical device in-house.
Biomerics specializes in the design, development, and production of finished medical devices used in diagnostic and interventional procedures. Biomerics provides complete development and manufacturing solutions for customers in the cardiovascular, structural heart, cardiac rhythm management, electrophysiology, neurovascular, vascular access, and pain management markets. Headquartered in Salt Lake City, Biomerics has operations across three ISO-13485 compliant facilities.
Now John Thomas has disappeared from the scene .
Perhaps the shareholders will get their true valuation .
Court case possible $3 million plus what about our new company .
One should assume there is more to this story than just Biomerics ,whom are doing very nicely thankyou .
About time Aortech had it`s rightful share of the fun.
Come on Bill
A little bit of information gleaned from the ongoing court case .
Redaction should see some sort of upswing or downturn .That will be in May , as far as One can surmise .
Surprises may come before then ,or post that time ,dependent on the rumours that no doubt will circumbobulate .
It`s been a long long wait .
What`s a few more months !
LONDON--Shares in medical device developer AorTech International PLC (AOR.LN) fell 19% on Wednesday after it reported a narrower half-year loss but said it was facing legal and product funding issues.
The stock dropped 4.5 pence to 19 pence after AorTech said pretax losses in the six months to Sept. 30 fell to $310,000 from $556,000 in the same period a year ago, on revenue that declined to $240,000 from $380,000 previously.
The company said it continued to incur exceptional administrative costs as a result of litigation against a former director and others.
It said its manufacturing licensee continues to market its polymer products to medical device companies and there appears to be continuing interest in the benefits of the material, which AorTech said made it hopeful of signing new licensees soon.
It also said it remains interested in licensing its heart-valve project, but the new business established to pursue it still hasn't raised enough capital.
Chairman Bill Brown said: "A number of other medical devices requiring the same or similar blood contacting material properties have been identified and we are considering how to pursue these with AorTech retaining more than just a licensed interest in the projects."
Our manufacturing licensee continues to market the polymer family to medical device companies and there appears to be continuing interest in the polymer benefits. We are hopeful that new licensees will be signed in the near future.
AorTech remains interested in licensing its heart valve project, however the new business established to pursue this project has still not raised all of the required capital. A number of other medical devices requiring the same or similar blood contacting material properties have been identified and we are considering how to pursue these with AorTech retaining more than just a licensed interest in the projects.
You couldn`t be more right....`of no interest`!
Your big ramble says absolutely nothing new, its just rehashing old articles and commentating on how much the price has moved in % terms under a `massive` volume increase of 678%!!! Which only goes to highlight the piddling usual volume and liquidity, which has been my main point all along.
It sounds like you`re getting yourself all whipped up for a volcanic eruption when all thats happened is that the market makers have moved the price up over reacting to the unusual event that someone actually bothered to buy some of these forgotten duds!!
The share price now stands at the same price it was at the end of March `15!! Or to put it another way, the same price it was when we started this thread over on lse about a month ago or so.
Unless there is a major positive anouncement these will be seeing 15p, maybe before Xmas.
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