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Ok duster, as you say a bit of fun and charity is the winner.
End of April it is.
Shearclass put down the whiskey bottle and do some research lol
You might actually make yourself some money!
Got to say this is the most deluded thread in AIM, you cannot be serious talking about 10p targets given the last two RNS’s. I’d imagine any II that was considering the placing is thinking twice now, and that can’t be a good thing for TRX.
There IS a lot going on here, some know more than others!!
From what I know, it’s a great hold and DEFINITELY top up on the dips where you can.. DYOR
Check this comment within 5 weeks time.. all IMO of course : )
Parkez - yes bet is on for a bit of fun - if you win then £50 for a charity of your choice - gl
Majorboy. Jeffries Stockbrokers have set a target for 10p.
My girlfriends son was found dead in his Hollywood flat today, suspected suicide. So why dont you F, off.
Major is a troll. Best to ignore him.
Major, suddenly you sound like a troll - not a good look!
My average is 1.31p. I am holding. I sort of expect volotile sp movements. I used to lose my nerve and still do but imop Trx is a diamond in the dirt
Beer o'clock now.
Good evening all.
Major, mms have shaken the knackers out of those poor folks for sure, hopefully they have the time to hold!
Woodstock, sorry but my nerves are a lot steadier here than they would be there, but good luck!
Bertie. There are better well versed investors than me on here. They do speak sense and are most importantly honest. Its worth taking on board what they say.
A less nerve racking stock that you might want to put on your watch list is mentioned on my 11.22am post today .
Jeffries Stockbrokers have a target of 10p for Trx this year Bertie. Hope that cheers you up.
B2, I’d be a very happy investor - just the kind of move we need to steady this growing ship.
Bertie, what would you be saying if a couple of licenses were signed for Dermapure Friday?
We should be making the patents pay off now.
Yes, certainly a rollercoaster these last few weeks.
When I bought in, I genuinely thought wow this is an incredible opportunity for a ten or maybe twenty bagger with medium risk . The technology and the market position looked fantastic. A bit of time and patience seemed to be all that was required.
The badly worded performance update and today’s frankly ridiculous rns (sorry but biotech companies should be like Fort Knox on digital security) have made me wonder if this is just a bunch of scientists without any idea how to make money in the real world.
I now hope for a cheap buyout (5p ?)or a placing (dilute us in half?) which will give us the time we need to get to break even cash flow.
Bertie. I understand where your coming from. Because the sp is volotile, I would suggest when she jumps up 30%/ 50%, evaluate what you want from your portfolio.
I will calm my enthusiastic approach from now on because ramping is just as bad as deramping.
Personally I am not worried about todays drama. The market hasn't over reacted either.
Best wishes.
Woodie
Woodstock, respect for your resilience and positivity.
But, as a fellow holder I’m sure you’ll agree this is a kick in the teeth we didn’t need just when we have a funding requirement coming up.
This is a great company and I’m hoping it’s going to deliver me an early retirement, but someone needs to get control of:
1. The ip - has someone just stolen our raisin d’etre in a cyber attack?
2. Our finances - we need a stable base to work from, without a heavy handed lender breathing down our necks every 6 months. I hope there’s a third party involved because our current cfo has zero experience of being a cfo never mind arranging finance for a rapidly growing biotech company.
This nonsense today has shaken my nerves to the core, I really hope we see the board steadying the ship in the coming days.
Codey. Point being cyber attacks go on all the time.
As for Trx's debt, they are in position to manage the debt.
The company will be making a turning a profit in 3 years.
Cost of cyber attacks on US business was between £56 and £109 Billion in 2016.
@BigBear2
"recapitalisation means equity which will then allow access to the rest of the loan."
https://www.investopedia.com/terms/r/recapitalization.asp
Longer term members of this board won't thank me for discussing this further, because it was discussed to death much earlier
@parkez
https://xtalks.com/fda-halts-sale-of-transvaginal-surgical-mesh-tied-to-patient-lawsuits-1875/
This FDA article is my total knowledge of the options available to women now.
However see todays 09:31 post because the situation gets worse.
Synthetic mesh banned by the fda April 2019...am i correct in saying the only surgical option now available to suffering females is tissue from their own body?
Surely there must be some urgency to improve this.
It is Midcap who are insisting on recapitalisation...i,m in a quandary why they would insist on a placing...a placing raises funds...is that not what Midcap are providing? Why insist that they raise funds before issuing them with funds?
I’ll disagree on that one in my experience recapitalisation means equity which will then allow access to the rest of the loan.
Good company here with cash flow issues I’ll take a position when recapitalisation announced
@BigBear2
The company is in the process of being recapitalised I feel.
TRX has been using their working capital equity for months, such that at or after beginning of Feb, they can draw down Tranche 2 of the MidCap loan.
Equity is scheduled to be zero by end of April.
Thus equity is swapped for debt, - recapitalisation achieved.
TRX need debt not a placing, - as debt keeps the wolf (predator) from the door, a placing keeps the wolf interested.
Get some fresh Tetley and treat your Granny and good luck