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BLT - Benitec Biopharma

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Re: BLT - Benitec Limited

I reckon the only low you'll see from here is if something goes wrong otherwise it's just going to keep climbing...

Something wrong would be - --- delay in HIV Trials or total loss of Graham '099 patent. Both of which should be confirmed/lost by the end of the month.

I reduced my holding today as I started to get nervous - how stupid of me? Indicators look to me like it's set to go.
 
Re: BLT - Benitec Limited

"...The patent re-examination was requested in October 2004 and now that the notice has been given, Benitec and CSIRO have two months to respond to the issues. Benitec's announcement made mention of "vigorously defending the claims of this patent" and MacLeman herself seemed resolute."

I believe that, in light of the CEO's comments, that BTL's two months to respond are drawing to a close, but that doesn't mean that the re-examination will end at that time. The response will have to be considered by the USPTO and that re-examination could take some time. So the issue of the graham patent could take a few more months to resolve as I see it.

Correct me, if I'm wrong on this, but I don't think its going to happen by the end of the month, what makes you think it will? SO I think its still going to be very speculative for a while longer, am I wrong?

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Re: BLT - Benitec Limited

If you started getting nervous today, that's pretty normal at this point, there is nothing definite to bank on. Its probably a good thing you protected the money you have made and not stupid at all, but wisely cautious. These 'indicators' you mention might be right and they might be wrong. Its still a gamble no matter how you look at it at the moment. HOpe it goes well.

 
Re: BLT - Benitec Limited

Reexamination [ Extract from an email sent to me by Benitec's CEO[

"Benitec plans to respond to the rejections found in the merged Reexaminations on or before the Response due date of March 24, 2007."

See above, the CEO told me that the due date of response is 24 March 2007, and then it takes a few months after that to get a reply from USPTO - so the issue of the patent cannot be resolved for some months yet, won't happen this week nor next week.

Does anyone have any information to say otherwise? Would love to hear it.
 
Re: BLT - Benitec Limited

I think you are right. Although March 24th is still officially the end! There's no more opportunity to reply to the USPTO. What will BLT announce to the market on that date? Could there be evidence put forth that is compelling enough - and would BLT tell the market what they did? Response time from the USPTO is not someting I was thinking about. I wonder how long... maybe 2 months is right for the USPT to decide to over-turn the patent.

By the way the SP was moving over the last week I was thinking people were in the know and that it was a reflection of good news to come..... but others have speculated that it is just recovery from the shanghai thing.

I'm not too confident about the trials at the moment. There has been speculation that the trials are being held up because of the legal uncertainties. I'm not sure how likely this is.

I think BLT would be mad to carry out the SPP with such uncertainties unresolved. I would also think that they have to make a good statement or at least show that one of these two key issues is nearly sorted otherwise who's going to want to take up the SPP?
 
Re: BLT - Benitec Limited

I doubt that BTL can announce to the market their arguments put to the USPTO. I would think that would be confidential at this stage but I could be wrong. All that they can announce is, to my mind, that they have responded & believe they should have the patent approved, what else could they say?

Then there could be from 2 to 4 months wait for the USPTO judgment. I do remember the CEO saying something about 6 months and that is what it could amount to in total from the request to re-examine to finality. At least you have made profits and should be happy!!

And in relation to the trials, well they are only trials and may give the SP a short term spike but it won't hold it up for long, cause the real value will come with the trials' success & commercialisation.

These are my peripherally informed thoughts on it, not overly expert at all.

I hold only some BTL options now. If the SP soars at any stage over the coming months, then I will sell them or exercise them on due date for whatever profit, if not then I don't lose all that much. I dont' want to sweat over this endlessly. I just growl at myself for not selling when SP was at 29 to 35 levels for superb profit. I won't think about it or I will be sick

Did anyone notice NAL almost double yesterday? But its getting cut down to size today !!



 
Re: BLT - Benitec Limited

I agree that investors may be reticent to take up the SPP with so many issues unresolved. However if the current SP holds up, the SPP seems like an easy money making take up, so it should be popular. BTL want the SPP to raise funds for the trials and the litigation issues, isnt' that right, I recall reading something about that being the motivation behind it all. I guess the indemnity insurance is not covering everything, so thus they are putting it out before issues resolved, every little bit helps.


 
Re: BLT - Benitec Limited

BLT have a 2 month extension on response to the USPTO + we still haven't seen trials for HIV announced. There is a theory that the conditions applied to the trial may be tied to the legal issues. If this is the case we're going nowhere but down in terms of SP. VIDA you may see close to 10c again - but whether you'll want it or not I don't know. This was crunch time for me. If no positive announcement comes out this week I'm unlikely to take up SPP and likely to offload most of my holding. SHAME!
 
Re: BLT - Benitec Limited

Thanks for the information about the extension etc. I received documents for the SPP last week but haven't sent the cheque yet, have been thinking about it. Its hard to say at this stage, if its a reasonable risk or not, seems more not but its just not fair that they are making us decide on this without all the information available. Hope you offload at a good profit.

 
Re: BLT - Benitec Limited

Looks like market sentiment is turning sour on this. Still - with the SPP underway at 10c and the SP holding at 15c this is encouraging. Still no news on the trials..... I've offloaded a fair chunk to minimise exposure but I will take up the SPP this week.
 
Re: BLT - Benitec Limited

Well if SP is holding up at .15c regardless of the uncertainties, then I would say the market is not turning sour on it at all. I believe that Nucleonics and Benitec may come to some compromise which will benefit both companies, if neither can win the litigation without enormous costs. This would be a very good thing. It would be better for BLT shareholders that BLT won the patent issue but it is not a necessity and in long run it doesn't matter too much, a compromise resolution may work something out for good of all. I think I may also send my cheque out tomorrow cause it looks like a pretty good deal at the moment. I may have done so today, but in fact totally forgot about it when I went out to lunch. My exposure is minimal too and if that causes me to lose out on making huge bucks, I don't care.. I don't want to get into the habit of taking big risks, cause when that happens things can fall apart.

 
Re: BLT - Benitec Limited

I don't think it will hold at 15c today. For the first time in about a week the sell depth is heavier than the buy depth. It is this slow shift in lack of buy interest at 15-16c that I was referring to in my previous post re: market sentiment.
 
Re: BLT - Benitec Limited

Hi,would I be right in assuming that a lot of holders may have received, and posted payment for,their entitlements and now feel happy to sell some cost recovery original shares.might explain some of the drawback today..I'm just trying to stay positive.
 
Re: BLT - Benitec Limited

I think you may be right and we have to look more at long term rather than react to the SP movements each day. I have sent my cheque out today and if the SP falls, I intend to take advantage and buy more over next few weeks. I hope it will be very worthwhile investment in a year or two or even three or more, who knows... what's the rush? This is not the casino where you go to make a killing before you leave and of course mostly get killed. Although some people seem to treat the share market like a casino, and it was during the big internet bubble, but things are much more solid these days

 
Re: BLT - Benitec Limited

Check out the volume for yesterday 10.5M shares! Something's about to go down (I mean up). The IND announcement must be coming this week.
 
Re: BLT - Benitec Limited

I have purchased this today at .17 - I didnt want to however with the other stocks I have been watching to buy I have been holding back to buy at a reasonable price. (i.e I held back on BLT and been watching since about 6c considered yesterday at 14c) and as with other good prospects am missing out as the announcements come forth and the stocks go up. There is strong activity today and yesterday, and some would suggest some people know about something forth coming ?? I am waiting in anticipation..

If there is a surge like the last one I too may become a British car freak..
 
Re: BLT - Benitec Limited

Hey good luck. I am waiting in anticipation for a further SP drop, so I can get in again. I can't afford it now at current figures, have invested in other stocks while waiting for the right moment to buy BLT, it didn't come in my view. But we will see what happens in next weeks. In long term I think its going to be great, but in short term for me, its just about getting in at point I can afford these days. Good luck.

 
Re: BLT - Benitec Limited

Noticed that BLT has had increase in volume & stock price of late.

Same as IIG

I have also noticed that IIG are in with Benitec.

Maybe something gonna come through here with BLT & IIG?


IIG- BUSINESS SUMMARY

Integrated Investment Group (IIG, formerly Captech Group Limited) is an investment company with interests in various entities comprising Oculogic Pty Limited, All Australian Adventures and Benitec Limited.

Oculogic Pty Limited
Oculogic trades as the Photolibrary.com and is one of the leading independent producers and distributors of contemporary stock photography and film with worldwide distribution and offices in Sydney, London, Oxford UK, Melbourne, Auckland, Singapore, Kuala Lumpur & Bangkok. IIG has a 53.07% equity interest in Photolibrary.

All Australian Adventures (AAA):
IIG has an 80% interest in this company which operates in the travel industry and owns Sydney Golf Australia and Golf Travel Headquarters. AAA specialises in executive inbound tours including major focuses in golfing and scenic day tours.

Benitec Limited
Benitec is a biotechnology company specialising in gene silencing technology, which relates to co-suppression, a technology for shutting down (silencing) a single specific gene.

source-yahoo finance
 
Re: BLT - Benitec Limited

I believe you are not correct about IIG and Benitec. IIG did hold BEnitec but sold it all a few years ago. I may be wrong but that's my information from what I have read up on it.

 
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