Pharmesis

Oceangrace,

You can take a look at Pharmesis, another pharmceutical company that starts to show some promising signs in making and distributing drugs for treating liver and gall bladder illnesses...

It has cash of 3.9c per share. Price is like Starpharm a few months ago at 4 - 4.5c now.

2011 2012 2013 all reported loss...will it go into SGX-watchlist next year. Plus market capitalisation of $8.8m(200m shares * $0.044) less than sgx requirement $40m

Need ppl buy up to 0.20 then mkt cap 40m. QED for small cap haha

philipng wrote: 2011 2012 2013 all reported loss...will it go into SGX-watchlist next year. Plus market capitalisation of $8.8m(200m shares * $0.044) less than sgx requirement $40m

Hi Philipng,

Thank u for your opinion. Yes, profit has been negative for last 2 yrs and first 2 qtrs. And, did you observe that free cash flow started to become positive for last 2 qtrs?

Profit may soon turn positive. Go and take a look at its 2012 Annual Report nad you should see something interesting from the mgt's message

chinsoonyuen wrote: Need ppl buy up to 0.20 then mkt cap 40m. QED for small cap haha

Soon Yuen,

Smart thought which can happen.

Take a look at the high net worth directors and you will know...I am just wondering why are they willing to spend time with this tiny little company.

Same too with a major shareholder that you may know.

I cd be biased as I am vested now. Gd luck!

Thanks Gangho
. Watching it....