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Smoke and mirrors. Not sure you can take Vlads words, promises, suggestions, deadlines as gospel.
As co founder and CEO of Hemogenyx he knew exactly what he was doing with Mint. Don’t be fooled.
Also there is no better man than him to be CEO..wonder why, it’s certainly not business sense. Maybe he views himself as a master poker player.
The trick in here is when likely news land or count how much left Mint will convert . The stream of new shares will bring it down and the drug have just moved close to trial. Nothung can say sure outcome yes but hopefully it will work
Don't think anyone can really answer that MrIndia.
Personally I'm holding on to cash for time being and will look to buy more if it drifts lower or holds at current levels for a while.
If it does spike up, will look to invest cash elsewhere.
With the final results coming out soon;imho I would wait the market will love the results
Vlad is actively looking for alternatives to the CLNs, the intention is that the CLNs are gone and gone soon, this is something he said in the interview. Its like everyone said GlobalCo had walked away after the last RNS despite the fact it was clear from the RNS. It should be clear from listening to Vlads words, he is looking at alternatives. I doubt he will move until he knows how much he needs for CDX and that agreement is secure, so I expect CLNs to remain until that deal is announced, but after that? .....
I think there will be quite a few of us trying to make that decision. You are not alone MrIndia!
No idea. That's why I haven't averaged down yet. Many others have though.
Do you have a feel what is realistically could be a realistic price in say 3 or 6 months with these dilutions and with some news?
My average is around 7 but am scared to invest more
Unless of course, there is a major positive development in the next few months...wait and see I guess.
The-Hat, you are assuming a steady flow of good news to sustain the SP in the face of conversions and dilution, before the clinical trials can reasonably support that CDX works. I'm not saying it is impossible to pull off. I'm just saying it's very difficult and possibly unlikely.
Sounds fair enough if you're happy to wait 10 to 15 years top-hat.
Will likely take that long to get to end of stage 3 trials.
Still lot of LTH around so seems like they are going to be happy with those timescales.
A successful product on the shelf will mean a mcap of a billion plus. Even if mint dilute the crap out of it to a billion shares that's still a £1+ plus share price minimum imo. I think Vlad thinks the same, get the product through trials and the SP will take care of its self . Product has to be the focus now business can come later. That's why I bought and I am prepared to wait years for that with a top slice along the way. Would be nice to get a top slice this year... who knows. Only thing that's changed is the share price.
I do understand your concerns Ssccss but not sure how those fears are allayed other than selling up. I think the product portfolio is there and sometimes it's simply down to gut instinct and fortune favouring the brave! Mr Sandler doesn't look as though he's losing much sleep over it. I wish you well with your strategy.
I hope there's a buffet car on this train! GLA
Yes Chris, I myself have been here 2 years. I understand patience is needed in terms of product development, clinical trials and realising value. However, I'm concerned Hemo might not get there as badly structured CLN's can backfire and put a company out of business in some scenarios.
Ssccss, not sure you really picked up on the point I was trying to make at 10.11 this morning (perhaps that's my fault), gauged by your response at 10.40. The science is pretty much done and I was primarily pointing out that in settling nerves during this difficult week, like MYLucy eluded to, reviewing their own research and that this was sufficient to stabilize their hypothesis at least, that this company was worth their continued faith and investment, despite what has "leathered" the share price. Mr Sandler can do nothing about Mint right now, BUT it was clear from his statement this morning that he understands the issue it is causing. If he cannot solve that difficulty then we certainly can't. Therefore, I think this is the reason likeminded investors have reviewed their own research, focussed their mind on the science not Mint and have settled down for the slightly longer journey none of us wanted. Bearing in mind that some investors on here have been on the train long before others. There was some criticism of Mr Sandler and his management but I think he grasps the issues raised by investors over the last week. He is not a one-man band and he has these products in reliable hands, in particular, HEMO CAR-T, with Randall Tlachac via Quality Systems who are far more than just science. We should all have confidence that this product will make good progress. In summary, satisfy yourselves that the core products have legs, are in the right hands and will give you a return on your investment and accept the things you cannot change right now ie MINT. (or go crazy!) Patience has been mentioned loads by many (mostly the one's who have been on the journey longer I reckon) - I think that was the message from this morning's presentation too. Sincerely GLA!
Since yesterday, sp up about 10%
Previous two conversions were forward sold as the same number of shares were visible on LSE the same evenings that the RNSs containing the conversion announcements were released. Don't know about the latest
yes shame ... was up nearly 10% percent and now only 4% and losing steam. Gonna be a long road to recovery
Thanks all for the replies re conversion. And nice to see blue today albeit diminishing.
Mint have 9 millions share s conversion so they will forward selling a lot . Hemo took their money and use shares as mortgage . nothing strange in here .we are all after money and Mint is the same .there is only stop if somehow Hemo have source money pay them back with 10 % interest and cut off CLN , no more share conversion or if there is nothing to pay back they will take back there money on shares sell it to open market..
As soon as some positive news or some how final get Hemo pay off we will fly but not now. Hemo will use money to do the work . nothing change in its course and the selling is continuing.
Thank you so much for your feedback ... it's gonna take a lot of big buying to get this back to even 7pence looks like ...
PS is this look like a conversion ... 21-Apr-21 13:53:13 3.745 277,714 Sell* 3.70 3.85 10.40k
As they seem to happen regularly throughout the day so when it looks like the share price is going up and then down !!!
Maybe JHFH, my understanding at the moment was that they are forward selling but I will do more research.
Final point @SSccss I may be wrong, maybe experts in this field can answer, but I dont believe Mint are forward selling, that is shorting and as a financial institution that level of forward selling would legally have to be declared. Up to this last conversion they have converted a batch of CLNs, Sp has recovered and they have slowly sold the shares over the month. This last conversion was special, they sold alot the first day in a bounce for a big profit, but then the SP kept crashing, you can only presume they were happy to take a loss given profits from day one and fear of going sub 1p if they did not.
The price used for the conversion (the "Conversion Price") will be equal to a 10 per cent. discount to the lesser of (i) 125 per cent. of the closing-bid price as reported by Bloomberg for one Ordinary Share one trading day before the relevant Issue Date (subject to adjustment to reflect any sub-division or consolidation of the Ordinary Shares) and (ii) the lowest closing bid-price as reported by Bloomberg for an Ordinary Share from the three consecutive trading days ending on the day prior to the date of service of the relevant conversion notice (or if such conversion notice is served after 4.35pm on any such date, then the three consecutive trading days ending on the day such conversion notice is served. In no event shall the Conversion Price be less than the nominal value of an Ordinary Share.
@B1ll and The-Hat, I thought it was Pfizer but the Lupus RNS states its the same global co and that has been named as Eli Lilly, so whilst I would love to have been right I can only accept the RNS is correct. In terms of the interview Vlad states that revealing the reason why GlobalCo dont want to licence now would reveal them and its a business reason clearly points still to Eli who yesterday had their early authorisation for their Covid antibody pulled. They will be smarting and want to make very sure any new product works before putting their name to it, paying top dollar is worth it to them to protect their image, especially right now. So odds on, Global Co is still Eli Lilly.
@Rickmeister, Very likely they saw the last RNS, same as many investors panicked and shaite the bed and started dumping out of fear of being locked in if the SP tanked below 1p. That interview has reassured investors but probably also Mint who will likely now wait and return to a more orderly selling in future which does not hurt the SP quite so much.
@MrIndia, yes your right, if people buy more than the £950k they converted then SP goes up, if they sell more than investors buy the SP dips, it is a battle. They tend to be selling in £5k, £10k blocks, rough numbers to make it look like random sells but in batches. I have not really tracked it but you could potentially allocate around £200k a day worth of sells to them and this is day 5 since the transfer sale we saw so if volume continues as it has been then they should be cleared either today or certainly this week. That clearing of the overhang would allow the SP to recover quickly.
If we bounce significantly then one of 2 things happen:
Next month when they convert, IF they convert, they once again stagnate the SP selling into rises until they clear another approx £900k of shares, but its not in their interest to crash, converting, SP rises, then sell benifits them much more.
Vlad is able to secure the financial stability of the company and repay the CLNs before more conversions.
I think we will be talking about the crash of '21 for a long time to come, it was extreme but hopefully we will recover now. I for one was almost convinced that Mint was planning a hostile takeover there for a while so I am almost relieved to see them churning the shares at this point!