Spreadex shedding?
Looking for another lower entry???
It will need to be this year based on the cash burn as wouldnt survive another raise
No interest now as confidence is sub zero I suggest.
Best time to buy really!
Tick tock LR!! <2.3m.............
Based on my 19 trading day theory
24th May - Divestment update????
Lets Hope Matthew Nesbitt, Co-founder of Ranger® Technology can drum up some much needed business
Matthew will be presenting 'Cloning Workflows made effective with Ranger® Technology and Automated Electrophoresis' at #SynBioBeta2023 23 - 25 May
In part, the incessant increase in head count is adding to the cash burn!
LR seems to think lots of people equals productivity.
Lets hope they are not all busy fools!!
And any/all new appointments go past the CFO!
:/
Where did you pull that from?
Any ideas on Spreadex avg?
MM struggling to make a market here!
Inpatient gamblers rather than investors i recon
Hey ho!
Surprised to see continued sell off at this price.
Just hold and switch off rather than give away money!!
Someone wrote Bill Chang sat around 2.2 avg which should be seen as achievable in the mid term.
APAC 70% growth is promising
Ranger 2.2m should hopefully go from strength to strength.
BGF normally double their investment so one to watch. Same with Spreadex, not sure what their average is but they will want 10-15% return
All that seems a very long way off at current SP!!!!
The sad reality is they could be making money but it would need a new CEO with the business acumen required to drive their products far and wide
At what point is enough enough and LR get votes out!!!!
I thought the same. Interesting why no comment from the chairman at all
I did Think they would under egg the TU and then come in with stronger numbers end of year? Wait and see
Taiwan to be sold H1 (by June at the latest) or more FUD
Not a lot of detail in that TU at all really. Still managed to burn 4m in that short time with .5m monthly burn quickly eating into the remaining 2.8m
There needs to be deeper savings going forward or LR might need to take a hair cut on that over generous salary.
Could be more pain over the next few weeks unless they have some well timed positive news?????
Andrew Leeser :(
An experienced CTO and Chairman used to working in stressed or prestressed situations and advising Boards in such circumstances. Andy has a consistent track record of success in supporting management teams in the rapid recovery of businesses and the improvement of stakeholder value. Andy has a proven equity orientated and fact-based approach to meeting these objectives. Andy is the Chairman of the Institute for Turnaround, the body that represents the sector.
o Situational expertise Stabilising
o Supporting Boards under intense pressure.
o Supporting Stakeholders whilst they are evaluating options or during transactions.
o Negotiating development capital financing. Transforming o Rapidly transforming the performance of challenged but pre financial stress businesses.
o Managing cost reduction, Operational restructuring, and margin improvement programmes.
o Delivering strategic business and asset acquisitions. o Restoring business’s trading capacity post insolvent restructures Restructuring
o Leading restructuring activities
1. Solvent restructures.
2. Business and asset disposals.
3. Negotiating rescue re-financing
4. Creditor arrangements, pre-packaged insolvencies, partial group insolvencies and other related plans in order to preserve enterprise value.
o Establishing and co-ordinating advisor groups.
Same here -
"However, new NIPT wins in Europe commencing in late FY23, reversed this trend and revenue is expected to show ongoing signs of recovery in FY24"
Great post! No doubt that growth was used to get iis on board and why the BOD indulged so heavily. They know with confidence that not only is the SP demise overdone but eventually the data/sales will turn the sentiment positive
Sooner the better!
*Throw :(
The last 2 videos were a sign of belligerence!
YGEN the teenager!
Unless the SP continues to tank and Major institutional investors start shouting off with his head he's going nowhere soon!
I just hope he has a bone to through all the LTH as it's been long enough to announce something material or what have they been doing?
SP is being shorted or bragged down with constant small sells with a daily chunky buy that doesn't effect the price!
Its being manipulated with the knowledge material news will come.
Hard to stomach but often best to switch off
Might be another Spreadex buy. They dont seem to effect the SP lol
However, new NIPT wins in Europe commencing in late FY23, reversed this trend and revenue is expected to show ongoing signs of recovery in FY24
Ongoing signs of recovery. :/
Twix totally understand your scepticism but Hexall going was not Lyn Rees' doing. Didnt even get the chance to comment on the RNS
Andrew Leeser has been appointed by iis I suggest. Either to salvage their investment or manoeuvre LR out.
YGEN could easily be a viable business with a number of scalable & saleable products
Next domino is Taiwan or a new contract I suggest.
The SP is over sold and due a recovery at some point