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I'm currently being offered 3.55 to buy and 3.556 to sell. I know it's only a slight difference but am wondering if all of today's 3.55's are in fact buys and not sells as indicated by LSE trade app?
It was more likely a delayed sell. Maybe tell tomorrow in holding rns. How many more months cash have these got ?
Either we are seeing one of the main holders approaching their exit, which often involves a fairly violent period of activity near the conclusion (and thus hopefully on fumes now), or the old forward selling game.
If we soon see an announcement of a discounted placing, then that may tell a story.
Sorry to come across as cynical, but I have seen too many...patterns on AIM to dismiss such a scenario.
Perhaps always merely a coincidence? Who knows? Not my job to police it, and nothing I can do about it, so no point wasting time on it.
IMO, Iain and the team either have something that is of commercial value, or they do not. And I think they have pretty much had enough time now to demonstrate this, one way or the other.
So, if we are indeed looking at a raise, it would have to be extremely compelling to retain my support at this point.
Huge inside buying, for a start. And not just Iain. Absolute clarity on the parameters, including time frames etc. The level of dilution and share price would also be a big consideration for me, regardless of the other factors.
But hopefully it is just the first scenario.
The current cash runway is ample if a deal/deals are really just on the horizon IMO.
That is a chunky purchase and goes directly against the current sentiment of selling off RENE.
It is such a large and positive statement that I'm wondering if we'll see more of the same tomorrow.
Chester.
I need a price of £ 1.20 to break even I feel for you . I looks like death by a thousand cuts not much time left to resolve the cash issue.
Yes they did do a consolidation of 1/100, I need £5 a share to break even!
Nothing new probably six months at the most before liquidity comes to force, they need to pull a rabbit out of the hat, not a rat as I suspect, good luck Ian this is the last throw of the dice.
Did $Rene do a 1/100 reverse split a few years back? If so, are they going to become the first company to end up a lower unit stock price than they had before the split?
Nope. We need one well before then realistically.
And an update on developments fairly soon too, I think. GLA.
Just been reading the RNS. £5.1m in the bank and £5.6m equivalent annual cash burn. So basically we have until summer to get a deal it seems.
If the market believed that deals were a given, there is simply no chance that the SP would be around 5p right now.
Well, you can never say never of course, so let's say 90% probability, if not 100%.
If I thought that deals were a given, I would be a buyer right now.
As it is, I am just holding, because I have not written Iain off yet - but we need an upfront cash deal PDQ. And I do not think that statement requires an 'IMO'.
You could assume deals are a given, as we're told the trials that have produced the positive data have been funded by the entities that ReNeuron would be partnering with.
As LWHL says, if they do sign terms (anyone's guess how likely that is) then it could result in one of the biggest days for any AIM share ever, given how low a starting point we're at now. £1 a share still only values the company at less than £60m, which is really very little.
Pure speculation what the share price could be of course, but a £60m market cap doesn't sound unreasonable to me if they can achieve terms similar to what others have agreed with equivalent (inferior?) preclinical data. To be clear, I'm not ramping or saying it's going to ten or twenty bag etc etc, it may very well go bust, and people need to be abundantly aware of that, if they somehow weren't already.
As a gamble on them getting a deal/deals.
Potential multibagger if they do. We know the outcome if they do not.
Can anybody tell me as to why at this moment people would invest in Rene. Every avenue has been exhausted, there is nowhere to go
At this stage, only industry partners (and up front cash) will do. GLA.
Next up, partner deals. There is nothing else to come. Industry partners, hopefully, rather than academic.
Unfortunately it speaks volumes that the BOD has bought bugger all.
This latest work should not be underestimated in my view. Reneuron has clearly demonstrated, in vivo, payload delivery to specific tissues and without an immune response. This is what precision medicine is supposed to be all about.
The implication of their extensive work on stem cell lines and exosomes is that, in all likelyhood, all adult tissues retain a 'memory' of their stem cell origin which forms the basis for addressable access ; for classic cell-to-cell communication and for any therapies that can exploit it.
How many stem cell lines will be required to map the whole human body? Probably quite a lot, but Reneuron has begun to read/write this developmental atlas. They may even have enough stem cell lines to treat /target some conditions already.
The big pharma companies are sitting on huge piles of cash whilst their portfolios go off patent. They are pro- precision medicine too. I just hope they wake up and see this company is gold dust, or at least worth a punt. I will continue to invest here. Good luck all ,and, as ever, DYOR.
It is not much of a surprise that Allenby Capital are upbeat on the share they after all are the brokers for the company.
Yes, it is clearly a binary play.
And if a deal/deals are reached, then why the need for a raise?
We need to secure upfront and staged payments as part of any deal IMO, or it is going to be a hard sell to shareholders.
The part where Iain mentions the need for shareholder support is why the SP has not rocketed on the last update, which I agree is tentatively positive.
Happy to have expectations managed of course, but either we have something of commercial value or we do not.
And the time is fast approaching where we will know the answer to this question. GLA.
Allenby Capital Research Note released post-presentation. Their valuation of Reneuron for one exosome deal is now 55p per share.
https://www.allenbycapital.com/client/reneuron-plc/
There have been some decent deals for Exosomes, so there must be a concensus that exosomes are a worthy pursuit.
If exosomes are the carrier and drug delivery mule of the future, Reneuron's CustomEX platform will be worth at least the current MCap. 😄
Are they going to achieve a deal with some upfront cash is the question, and it's needed inside 3 months.
I think it's been said a few times, this is now a binary play. If there is a company out there that sees Rene's Exosomes as the best possible fit the reward could be worth waiting for.
I'm not holding a huge number of shares but I'm going to stay invested as there are some signs of possible green shoots.
Good luck to all.
Chester.
It is the previous BOD who must bare the most responsibility for providing such a dreadful result to shareholders.
All that said, I had hoped Iain would have secured at least one deal by now.
The time is now approaching where his own reputation and credibility is going to come under scrutiny I think.
He has been in post for long enough now to secure something that will encourage remaining shareholders to continue to support the operation IMO.
Such as a raise at a decent premium to the price today - with all BOD members participating heavily from their own pockets - or a sale, where we get something back, even if not made whole.
Which for any LTH's, will not be much comfort.
A bucket shop CLN deal for example, would simply tell me that this is probably just another AIM lifestyle outfit.
And I will then leave the stage for the pump and dump crews to then do what they do before the next raise - or suspension/lights out a few months, or however long, down the line from there.
But I have not given up on Iain yet, and I remain truly hopeful that he can pull a rabbit out of the hat. GLA.
I for one will not be putting any money in to Rene, because for 20 years I have stayed loyal putting thousands into there pot, I simply believed that they would come good when my daughter was born I really thought this company was going to make it big but my daughter is now in her late twenty, I stupidly thought one day she might have a little nest egg to help her in life. Rene has told lie after lie, it,s very sad.stemcells are the future AstraZeneca got it right reneuron got it wrong so very wrong. would you put money into this Co, I don,t think so.