Member Info for Hemo

I like the optimism but given the years of disappointment surely a minor rise from a very low base on one morning is of absolutely no significance.

All I want to hear about is our mutual interest in YGEN, not petty, childish squabbles.

I appreciate both your comments on YGEN but will have to block you both if it continues. I know that’s not much of a problem for either of you but it would be a shame for me. However, I can’t bear the tedium and irrelevance of it anymore whilst this godforsaken investment is burning down around us.

Can you two just shut up about your differences? You are crashing bores.

No one here is interested in anything you have to say except constructive comments on YGEN.

My average is now 2.74p

That’s right, f&ck off Lyn and leave us to move on. You’re history and the main obstacle to progress now. Your reputation is destroyed and it’s unlikely you will ever have a CEO position again.

No separate commercial news since 25 April 2022 ffs!

Lyn is a loser.

Let’s hope they haven’t found some new catastrophic mistake that useless moron Hextall has made.

I feared the large purchases of shares made by Rees and Hextall meant they would not be leaving but am more optimistic that conceited, self-regarding, narcissistic, incompetent twat Rees may also follow Hextall out the door.

The man cannot keep his job after the placing debacle, it is impossible after such wretched and damaging performance.

Hextall gone, Rees needs to go next.

We haven’t had any commercial news announced separately since April 2022.

They need to understand that positive RNSs are key to managing the share price and a vacuum asphyxiates it.

Absolutely disgraceful. They should not have jobs.

How do you know?

I suspect YGEN had to bank with SVB as a condition of the loan so the deposits are very much at risk.

I’m not concerned about the loan and in some ways it’s good there is one to offset any deposits even though it is repayable over the next 2 years.

We raised £6.8m in January not £5m so I suspect there is at least £5m on deposit somewhere right now and the loan balance is probably around £3.5m.

This will be an interesting if anxious week.

We need an RNS tomorrow morning setting out clearly YGEN’s exposure to SVB, the implications and how we are managing them.

That’s the problem - the UK bank is now in resolution and as things stand depositors will only get back up to £85,000 whilst the bank is wound down and then hopefully there will be a further payout at the end of the process.

But that won’t help us pay employees and suppliers in the short term.

SVB UK depositors are trying to convince Hunt to bail them out but that remains to be seen and therefore we are likely facing a very difficult and precarious week - again.

We’ve just raised millions in an equity raise.

Where is that money on deposit?

I hope it’s not with SVB…

I’m not worried about the loan because I doubt they could call that in because of their collapse, but I wonder if we have any deposits with them that might not be insured.

An RNS would be welcome on Monday. Commercial news for the first time in nearly a year would be even better.

I note Silicon Valley bank shares declined 60% yesterday after selling bonds at a loss and shoring up their balance sheet with an emergency equity raise.

Let’s hope they continue to support YGEN and we don’t give them any reason to demand repayment. Are we still meeting those covenants?

I reread the RNS announcing the loan with SVB and nearly ****ed myself laughing at the purpose of the loan - growth, licensing, M&A.

I can’t wait for the AGM to ask the Board why they felt Rees and Hextall deserved to keep their jobs. It is an absolute disgrace.

Terrible interview, he didn’t even know the revenue or how much capital just raised. Waste of time.

No they didn’t, they just didn’t take part in the placing.

I’m very happy to see Chang’s average if true because he will want at least that back and no doubt more. That offers some hope although he will probably continue to average down.

I think Andy Leeser must be BGF’s appointment but I can’t see anything in his recent career that gives me a lot of hope other than Sepura was sold to a private equity outfit. Am I missing something?

The substantive news blackout continues. As mentioned, why has the near term Ranger client not been announced yet? Who is the prestigious client offering COVID testing? What is LR doing apart from shafting shareholders and feasting in the trough of cut-price shares caused by his incompetence and misrepresentation?

What was the need for the radio silence before?

Not sure why we need to pay $2m to the former owners of Coastal Genomics for $4m of cumulative sales to FY23?

That wasn’t in the original acquisition RNS in August 2020. Any deferred consideration would not be payable this year or next according to the terms outlined in there. Targets were $4m for FY22 and $8.5m for FY23 so no chance of meeting either of those.

Have the terms been changed since?