Latest situation16 Sep 2022 09:48
There are certainly some people on here (that don’t need naming) who have clearly overstretched themselves that portray the two classic emotions that no investor should have, fear and greed. My advice to them is money is not worth destroying your mental health so take your losses and sell up. You’ll feel better in the long run not being involved in something you clearly cannot handle.
So onto the current situation with Hemogenyx. To me, SP aside it is looking extremely positive. For CBR, Hemogenyx had already put aside several million dollars to progress it and Vlads latest tweet inferred they’d be getting several million more in grants from the US government. It makes sense to me now why the governor of New York, Kathy Hochul toured Hemogenyx facilities last year, and why Vlad was so anti the Republican President. With $6-8m and a government backed fast track IND application this could be absolutely massive for Hemogenyx. In parallel we have the three manufacturing runs ongoing for HEMO CAR-T
in the lead up to IND application and clinical trials. Pre clinical results to date, facilities and staffing all point to the fact this unique treatment works on curing AML, and at over $400k a patient will be a major revenue earner down the line. With Hu-PHEC and the CDX antibody also in the pipeline I’m still of the view in the months ahead Hemogenyx will be many multiples of the current SP. I understand there’s a financial update on the way which will confirm there’s more than enough money in the bank to take them to being a clinical company so stay patient and hold and accumulate if you can, but if you’re struggling mentally do yourself a favour, sell up and don’t ever look at a share again. You’ll thank me for it down the road. GLA.