Member Info for chester18

At the moment anyone selling their 0.25p shares are making £1,000 per million but we're not seeing a massive amount of six figure sells. This rotation of the stock could continue for a week or so as it seems some still have not received their PB shares.

If, as we think, there is still a strong desire to buy into TRX before news flows push the sp over 0.5p we should see some decent buying once the below .4p sellers have gone. We'll probably then hit a range around .5p where the profit margin tempts a few more.

This process will be with us for a good few weeks until anyone wanting to take their profits have gone or we start to here positive info from the company. As I've said before the naming of the top ten global healthcare supplier would be a very nice starting place.... I hope TRX can oblige by the end of July....

All The Best

Chester.

Hi C7, that be mine .........

6p is still so very cheap set against the possibility of one RNS that is headed 'Boom'.

That would be a mighty RNS....lol

Chester.

I noticed the change in tone and a move towards aggressive negativity.
Now all I see are green boxes with 'message been filtered'.

Chester.

I've just been re-reading this mornings RNS and it strikes me the more I read the final comments from Olav Hellebø, Chief Executive Officer, that they already know where and with whom the deals are going to be made.

The company also says that more information and outlines of the RP, Exosomes and the induced Pluripotent Stem Cell (iPSC) platforms will be presented as part of the Company's preliminary results for the year ended 31 March 2020, which are expected to be announced by mid July 2020.

There is a very strong hint that deals are already in the air and those potential suitors have made clear what is needed from Rene to enable commercial deals to be cemented.

Just my take on reading between the lines but we may have some pivotal news to look forward to in July. Lets hope so.....

Chester.

Another 5% holder, Spreadex Ltd, a Financial and Spread Betting co.

An unusual investor, if they live up to their companies ideals they will be top slicing at the earliest opportunity.

But if we find that they are holding tight when we pass 1p it will tell is all something.....

Chester.

Three weeks ago I filled out an automated Funding Application enquiry form for the Bill & Melinda Gates Foundation suggesting that they pulled out their joint cheque books and sign up the Nottingham based Corvidity project to ensure their 2nd generation vaccine had every chance of success.
They have actually replied....

'Thank you for your inquiry to the Bill & Melinda Gates Foundation about contributing expertise towards the COVID-19 outbreak. Due to the large number of incoming inquiries, we will review all offers of support and respond to those that align with the priorities needed at this time.

Best,

Bill & Melinda Gates Foundation'

So at least we know someone in the foundation has read the email. What are the chances of the Gates Foundation stepping in where our government is currently failing.

Chester.

There are three positive things we can take from this morning as RNS.

1) Regulatory Approval in RP now allowing a higher dose than the original maximum of 1 million cells. Micheal Hunt did say that they will now increase to 2 million cells per dose.
If that escalation promotes more photo receptors to form the increase in sight improvements could be very significant.

2) The current CTX trial will continue with patients already part of the study. It looks very likely that Fosun Pharma will take over the reigns as they open up trail centres in China. If Fosun re serious in backing CTX they can open many sights and push the platform much quicker. Maybe this is another reason why RENE are content not to pursue things in the USA at the moment.

3) The Exosomes technology is at the forefront of the new and exciting areas of RNA and DNA drug delivery systems. Especially in the area of brain disorders as the Exosome can cross the blood-brain barrier where other delivery systems are to large. The first Exosome collaboration was January 2019 and currently there are four ongoing partnerships. It sounds to me that one or hopefully more are bearing fruit and we could be close to a commercial deal of significant size.

Certainly agree that todays announcement puts us closer to a potential deal or three.....

Chester.

Hi Champ

Firstly good points made by Joesoap.

Business is business, but in this case, as a very long time holder I can explain a little.

The issues that were caused by the collapse of Woodford Investments rattled on at TRX and the BOD tried to arrange for the least damaging and dilutive avenue, that was a loan from MidCap finance. That deal was not the best.
In November last year the company declared that it had breached a covenant of the MidCap agreement which resulted in ,
A) TRX having to pay back £5.5m they had recieve as part of the loan deal.

B) The share price plummeted to .45p so many LTH like myself either bailed or bought up the shares to lower our averages.

I for one bought a few million shares to get my average down to about 5p, with the belief that TRX would come good and it did bounce back to 1.7p. So many recouped losses and didn't feel to bad.

Now just recently the share has weaved and dived based on different news from the company but the range was just below 0.5p and 0.7p roughly. Now here's the bit that stung.
The company announced that they had agreed to supply a top ten global healthcare supplier with a White Label Product line. Great piece of business worth many millions in the years to come, the share price rose from 0.7p back towards 1.2p. A week later they announced the Share Placing at 0.25p, that was a real kick in the bollards, so to speak.

So to answer your doubts about the board, yes it was all a bit quick and contrived but I have come to realise it had to happen so the Institutional Investors would play ball and they are the ones putting up the big numbers.

I wasn't able to buy any of the Primary Bid shares but organised funding a few days later so I could at least buy some if the price dropped near to the placing, which I have done.

The company needed that cash and as an investor I understand the risks, only speculate with what you can afford and do your research as best you can. I've always believed in the TRX product lines and the BOD have never been blatantly bad to their investors.
They are now in the glorious position of having the cash, having the demand and being able to double production, double or treble the turnover and reach a point where they are making profits, that why I'm still here and still invested.

I do hope that this explains why you should not be to fearful at this point in time. Give it 12 months and if you are still not convinced take whatever profit your investment has made.

ATB
Chester

Bunsenburner123

Please do at least some background research before you plant such a very uninformed post.

Anyone who has spent 15 minutes on the current events at TRX would not have to put such a rookie question.

Very strange from someone who has nearly 2,000 posts to their name.

Chester.

Morning Stu and Chrissy

To have already reached .4p is excellent but as the profit margin increases and the temptation to convert to cash we'll see continued selling into the rise. This process may take a while but we can now see that .6p or even .7p could be achieved by end July.

Some good news RNS's would be very helpful.

Chester.

Sorry just realised it must have been a drive not a walk or you would still be out there ...lol

Chester.

Hi Sandhopper

Thanks for the thumbs up on that list.
I think it pulls together most of what's happened just left out all the incidentals or it would have just rambled on.

Enjoy your 'wee dram' this evening and may I say that your description of your walk sounds just about perfect. I'm off round the block later, I say block but it's a farmers field.

I think from today we will see the share price move upwards in small daily or weekly steps until the majority of profits and top slicing from the 0.25p gifted shares have been traded out.

A perfect RNS for a boost would the one that actually names who the White Label agreement is with.

ATB

Chester.

Hi Revoy

Its been a long story but to be as succinct as possible :

TRX is a spin out of Leeds Uni.
Great Products in Tissue Regeneration market.
Backed by Woodford.
Gained USA approvals.
Bought USA company 'CellRight' for £23m
Woodford failed just when TRX needed another cash boost.
Needed funds, huge demand for products.
Demand means a New Manufacturing Facility is planned in San Antonio.
Covid-19 slowed down prospects and made funding an issue.
Placing 5,800,000,000 shares at 0.25p, 76% discount to that daily price.
Placing over subscribed and shares hit the market last Thursday.
Dropped as low 0.3p but sell off seems to have run out of steam as there was still a demand for the stock.
Company now fully funded for 18 - 24 months.
Can now expand manufacturing facilities and double / treble output in next 12 months.
Break-even anticipated Late 2021 or Mid 2022.
Just received European CE approval for OrthoPure XT, Knee Tendon Replacement.
A White Label Manufacturing agreement penned with a Global top ten Healthcare provider.
And more new products in the pipeline.
Market Cap only £26m with £14.5m now in the bank.

So now you can make your own mind up, hope that helps.....

Chester.

Ok caught red handed with a slip of the decimal place..... but you know what I meant.

I wish is was 3.4 but that's down the road ...

Chester.

Looks like we're beginning to bounce off the bottom, we'll have to wait and see if its sustained or just a blip.

Chester

Looks like a private individual who now owns 6.93% ( 487m ) of the expanded share issue.
It says he previously held below 3% so we can be assured he has just acquired around 300m new shares at the very least.
If they were part of the Primary Bid its a big chuck of that 800m and probably steadies the ship quite a bit.

Maybe that's why we're not really seeing a massive sell off as was predicted.
Only a possibility but fits the current trading pattern to my simple mind.

Chester.

Or I should have asked, is anyone still waiting for their shares ?

Chester.

Question :

Has everyone now received their shares from Primary Bid ?

Chester.

What is a very rough guide for the Maiden Resource Estimate ?

Given the amount of drilling we've already seen plus the amount to go before end August and the possible high average grams per tonne, would we be disappointed at between 8m and 11m ounces as a starter ?

Also, what is a current fair price for that quality mineralization in the ground, is $275 per ounce wildly optimistic ?

Chester.

That's a very interesting interview and sounds like a great technology approach if it works.
According to Andrew Marr there are 136 potential vaccines being prepared, tested and trialled around the world.

It does seem that an enormous effort is going into finding that one silver bullet.

It also feels like buying a Lotto Scratchcard and the proof that we have any winners worth talking about is still quite a few months away. Fingers crossed that at least one gives some kind of protection while the work continues on the 2nd gen vaccines.

Chester.