Hi Kranksky, This one's exploded this morning. My "Commsec research" has frozen - again - what was the news?kransky said:Announcement made this morning.
spike in volume yesterday should have signalled this one coming!
Thanks for that. The market for such as product is undoubtedly huge. I wonder, however, how difficult it would be to protect the patent.kransky said:http://www.ritract.com/pdf/2006.12.14_Safety_Syringe_Production_Update.pdf
"Ritract is pleased to advise that it has released quantities of its 3ml auto retractable safety syringe product for delivery to the international medical device group B Braun. The delivery will enable B Braun to commence their clinical and user evaluation testing. The product being supplied to B Braun has been thoroughly inspected and testing has proven that the problems experienced in September have now been eliminated."
insider said:Like this stock? Check out SFP Safety Medical Products
Well still holding and although going short on the last little spike have built up holding again with only a few more to get back.constable said:Since my last post rtl retraced to 9.2c testing the stock. However has rebounded last 2 days, up 10% today to 11c, albeit on comparatively low volume.
Still it would suggest that buyers are holding for the bbraun "approval" .
Im hearing you....you still have a good month or so to buy at these prices so there still might be an opp to get them closer to 9c. Im in already and with a largeish parcel that couldnt be readily bought with volumes on offer. Prefering to be in as once there is a positive ann sp will move quickly with limited shares on offer.jasoni said:Just looking at the chart you posted constable, it seems to have finished its downward cycle.. and now is consolidating around the 10c mark until further news. Just want to see the trend reverse and head back up a little to see that the downward trend has finished..
Yep, there is a competitor that is smashing them, ready for market, already approved, distribution deals, pre-filled syringe deals etc etc. (UNI).tech/a said:Might be good technology but the market aint liking it.
Purely a speculative risk!
Hate risk.
aw cmon your just trying to cap it !!tech/a said:Might be good technology but the market aint liking it.
Purely a speculative risk!
Hate risk.
Nice one chops! You've forced me into doing some research! However I can say your statement about UNI doesnt stack up!chops_a_must said:Yep, there is a competitor that is smashing them, ready for market, already approved, distribution deals, pre-filled syringe deals etc etc. (UNI).
This stock is at least a year behind UNI.
I have read it, and I appreciate the effort. However, I have a few corrections.constable said:Nice one chops! You've forced me into doing some research! However I can say your statement about UNI doesnt stack up!
- firstly the two syringes are vastly different, but both in their own right very exciting!
- uni is a single use, prefilled syringe useful only where a pre-descibed dosage is required. Ideal for inocculations etc massive worldwide potential!
- needle automatically retracts using vacumn pressure inside syringe.
- ritract syringes are an empty syringe that can be use to not only administer injections but also to take blood samples. And likewise would be useable in every hospital around the world.
- ritract syringes offer the further advantage of the user being in full control of the needle retraction. The only syringe in the world that offers this.
Both fantastic products but different applications that really arent competing with each other.
RTL from my research is a great deal further advanced and has released its product to a worldwide distributor. (Chops truth be known RTL is probably 12 months further advanced than UNI).
Whereas UNI has really only taken the first step with tga approval today and the deal signed in dec with a pharmaceutical co to develop there product for worldwide distribution.
- RTL has had approval from Tga back in 2004
- Has approval from FDA (food and drug admin United States)
- Australian, US, European and African patents
- Have completed user trialling and bulk manufacturing trials.
- And have sent the final product to BBraun (worlwide medical distributor)and is currently awaiting approval.
- Basically once receiving approval from BBraun the goals of rtl have been realised and sales will go through the roof imo.
Please read my above posts but i must shout it to the world.....
RTL IS AS CLOSE TO REACHING ITS GOALS AS IT HAS EVER BEEN AND SP IS ONLY 9.5c (which happens to be close to the cheapest the sp has been in the last 4 years!!!
Chops you better read this as it took me near on an hour!
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