Member Info for DD77

Hard to feel they’ve got the strategy completely wrong here. They’ve spent significant funds acquiring companies to grow the diagnostics division only for them now to look to divest it. Those funds could’ve have been used for the therapeutics division and avoided a value destructive raise now. I’m really unimpressed

Yes that’s the most concerning thing for me. Perhaps they’ve been asked to tone it down to manage expectations but it does indicate that this is not the breakthrough in science that we were all led to believe

Yes I think it's a good change in strategy. ESG space is crowded and with a lot of ESG goods, it's often thought to come at a cost or even be less well performing (heat pumps etc). Changing the positioning of ITX is a good move.

Tbh I can't believe the SP dropped so much, but that was in part due to bad comms and lack of faith in the management due to poor expectation management. This is a reassuring RNS and I expect it will re-rate sharply from here, perhaps even doubling the SP in the coming months, given the low free float. That's just the tip of iceberg to where it should be. £22m MCAP with £8m in the bank and £7m recurring revenue, which will only increase at a compound rate and break even expected this year.

I topped up earlier today at £1.59. Against what I had planned to do, because I'm already heavily invested here, but the sheer disconnect between the fundamentals and the market made it an opportunity I could not ignore

Bodes well for Wizz

https://www.bbc.co.uk/news/business-68398421

They’d have so little value to them

I also dreamed about flying pigs

Looks like the seller is now out, after those 2 £58k sells

Investors piling out but still looks overpriced at this level. Expect it will drop to c. 5p which would then make it more attractive consideration

It’s a basket case

No the CEO and CFO haven't put any skin in the game, only the chairman did.

Very small purchases, but good to see nonetheless

RENE tried to raise funds last year and failed. The writing was on the wall then, if people chose not to see it then more fool them

Whilst I agree there are some rogue companies/BODs on AIM, that is not the case with RENE. There was no manipulation here. They threw out a final hail mary to get the product commercialised but couldn't gain any interest. The precarious nature of the company was laid out VERY CLEARLY in black and white in the RNS. If people are too stupid to read or understand it, then there really shouldn't be investing in the stock market.

Squarepoint reduced their short from 0.5% to 0.47% on 2nd Feb

Looks like a lot of people can't read RNS. I did warn people but others thought better. It was spelt out in black and white and yet some people still can't see the wood from the trees

The SP is dwindling because cash is also dwindling and the company is still to commercialise a product. People are losing faith, whilst the company is getting overtaken by other OEMs

Https://www.wsj.com/business/airlines/boeing-finds-new-problem-with-737-max-fuselages-8ee225b9

Problems mount for Boeing. Ryanair will undoubtedly be impacted

They raised more than I expected. I opted not to partake as I expected the SP to drop back and have no confidence in the company. The CEO and Finance Director are not impressive or convincing and I was waiting to see if they put their money where their mouth is.................looks like they don't have confidence in the future either

Yeah agreed, although perhaps not a generation. Sharm el Sheikh had bombings and it recovered, albeit not to the same extent

Whilst it is a reasonably good RNS for Jan traffic, I think the outlook is very much uncertain. I highly doubt Israel flights will reconvene next month, the conflict shows no sign of easing and it will still be too dangerous to fly to Tel Aviv.