Member Info for JustHereForHemo

So we had the placing churned then the warrants executed and churned. We are now back trading at 3.5p and with only a few weeks before UFC starts, very exciting times :-)

B1ll, your not one that comes across as a troll or anything so no issues at all with what your saying or questions your asking, its sound. I am just relieved that today has finally come, for what its worth with GlobalCo I was led to believe it was a done deal too but I never talked to anyone at Hemo regarding anything other than the financing, I didnt care until CLNs were gone. Since then I believe that there was alot of misunderstandings, for Vlad the best deal is GlobalCo fund CDX but Hemo own it until proof of clinical trials. The rest of the market, myself included expected GlobalCo to licence it early.. HOWEVER I am not commenting on those negotiations, I just know that expectations were wrong, but honestly I heard the same as everyone else from people who were asking those questions.

With regards to Mint, the CLNs etc etc.... Yes I was positive about them being repaid before, but it was not me making anything up, they were trying to do this for a long time but it has taken bloody ages. I dont know the whole details but i know there were issues about raising the full amount, legal complexities that just kept delaying and delaying it. Honestly I expected to be buying in the placing about a month ago and expected to be paying 5p, but it never happened because of setback after setback.

As for my opinion on the CLN loans? I have hated them for months since the initial draw down fixed the maximum price at 8p. I hated the loan and hated the fact it left Hemo wide open to shorters. I emailed Vlad, I emailed the BoD I made phone calls, texts I have been hounding them for months to get rid of these god awful things. But I did that in private not here like many others chose to do, I stayed largely quiet because the only people it helped was mint and the shorters by airing my concerns in public.

Like I have stated before and state again, the CLN loan facility represented good value for money and was a good deal while the SP was high. The fact that these past few months I have remained very positive and bullish was not me trying to mislead anyone, I was constantly expecting the CLNs to be repaid at any moment. Further I have not sold a share since last year, I have held thoughout this whole fiasco. Atleast nobody can accuse me of being a flip flop, I have remained positive since I started investing here and I remain positive. If at some point I ever decide to sell I will sell and move on, you wont find me hanging around like a bad smell deramping, something that seems to happen far to often with this share.

For starters today was sold at cost price, there cannot be any dispute, its there in black and white and I phone up to check. The £8.1mil of CLNS were bought from Mint at cost price for £8.1 they did not profit.
Go back to the start of the CLNs and you will see 600k in shares was paid for the fee, at the time we saw the trades and it was determined by the majority that they had sold the 7.7mil shares at approx £500k, but this was profit. After that we had conversions and average trade prices before. We saw the shares being borrowed, we know when and for how much the conversions were with, so 1-2mil profit during the early days is an estimate but it wont be massively off.
If they were still making big profits they would not have agreed to sell all at cost and waive the 14%

True, we may have to wait to see, it could be the same buyer as David on twitter is talking about a "fund" all i was told was "buyer" no details of it being an individual, fund or company so curious to find out.

Bill they made a profit early on, but they were selling some of the later tranches at a loss, they "borrowed" 10s of millions of shares and would sell as many as possible for 2-3 days, then do a conversion to guarantee the lowest price since they borrowed to avoid any risk, but then they would have to churn and sell the remainder of the millions over the coming week or two. They took a hair cut on some of the shares they sold but up front they did make a profit so it balanced out.
From what I have been told, they were inexperienced, had never done anything like this before, never expected it to be so hard to churn out £12mil, lied about wanting to hold long term and basically got themselves trapped. Which is why this morning they sold the remainder of the CLNs at face value and did not take a profit, they were happy to walk away with what profit they had previously made. Also Hemo did not have to pay the 14% that people expected.

@nomlungu, yes! My maths is off, your right, we should see a TR-1, atleast one in the coming days.

Mint made probably 500k in the initial fee, then before the GlobalCo RNS probably 1-2mil, but after that they sold a considerable chunk at a loss. On their £12mil investment I doubt they made more than 1mil in the end, not a bad return but hardly a fortune, they did all that damage for very little return. The placing today they sold all at cost to Hemo and investors, they did not profit from todays events.

Hi, sorry just seeing this now, my average is probably around the 3-3.5p mark or somewhere like that after today's new shares, so while I am in profit with the new shares I really am not planning to sell any of them any time soon and prefer to have a lower average.
Regarding questions I have seen:
1, The broker can forward sell the shares, so some of the shares sold today are probably placee's who likely over subscribed and had to sell a percentage of their new shares to cover their investment. Some will have sold most of their shares and be sitting with a free ride having never put in a penny.
2, People asking when mint are selling, mint sold all the CLNs to the Placees, they dont have 100mil shares, they are all gone, mint are out, they may have had a few million left but certainly not the 100Mil, they likely cleared up last week when they stopped dumping and converting.
3, It looks like very few PI's took part, nobody is naming names but looks like vast majority of the shares were taken up buy a very small number of buyers. By all accounts it looks like they didn't go out to to the market as they had more than enough people signing up, I was very persistent so they probably included me to shut me up and I know a few others but its been silent on twitter as to who else was involved. I know one buyer asked for £4.5mil got £2mil so they are unlikely to require a TR-1, no idea if there will be any other TR-1s coming.

Anyway like I said, its a crp conversion price, I was happy to pay 1.9p and had it happened at that a week ago everyone here would be happy and the fall would have been less drastic but there were legal issues, its very hard to raise so much capital as a percentage of the MCap in one placing. I wish it had been done weeks and weeks ago at a much higher price with much less dilution, but it didnt happen when I thought it would. People are still predicting falling below 1.5p, I would like to know who you think is willing to sell below 1.5p? I am not, whoever or whatever bought £2mil worth are very unlikely to sell below 1.5p, so who exactly is going to sell at 1p?

Looking forward to the next NON CLN related RNS to land, be good to get back to curing cancer and not have this board 99.9% filled with talk about CLNs and death spiral financing.

Sorry Bo, cant stay away, (Although i really need too as I will get reamed if I dont do some work..). This is from the drawdown:
o approximately £5 million on completing Phase I/IIa clinical studies aimed at achieving clinical proof of concept and advancing HEMO-CAR-T towards later stages of clinical trials including Phase II and Phase III. The Company intends to initiate PhaseI/IIa clinical studies by the end of 2021/beginning of 2022.
They have 5mil for CAR-T, I dont know about CBR, I dont think its anywhere near clinical trials and same for HuPHEC so that leave CDX. The sounding implied that funding wont be required to bring it to clinical trials, but very vague just need to wait and see on that front, but clearly states clinical trials for CAR-T is funded to phase1/2a and that for me has always been the big money play given they dont owe anyone anything for it.

Anyway, early morning excitement over, I totally get the anger, I have bought shares in the past at 9p also, and now a lot of shares got sold at 1.5p to get Vlad out of a hole of his own making despite multiple warnings. Feel free to vent, were I not in the placing I would be angry too, but just remember why it was necessary, Mint would have dragged this SP to 1p, no doubt about it and it would have taken months. So be angry all you want but atleast this is the end of the death spiral financing. CLNs are gone. Some of the placing shares clearly are being churned, people here for a short term profit, but they are not looking to sell below 1.5p, they want a profit, add in the fees, stamp duty etc and you cannot forsee them selling much below this. I am one of the placee's who wont be churning for a quick profit, I am sorry if that makes some of you angry and jealous that I took part but this has been signposted for a few weeks now, it was obvious that a raise was coming to repay the CLNs. Until this happened growth was impossible.

Anyway I have been on here for well over an hour, got to go to work. I hope when people catch their breath and chill they will see that Mint going is a good thing. Really surprised by just how much anger there has been when the alternative was continued conversions... Catch you later.

Go back and read the older RNS's:
o approximately £5 million on completing Phase I/IIa clinical studies aimed at achieving clinical proof of concept and advancing HEMO-CAR-T towards later stages of clinical trials including Phase II and Phase III. The Company intends to initiate PhaseI/IIa clinical studies by the end of 2021/beginning of 2022.

Either buy/sell/hold its up to you, the RNS says that they have enough funding to progress, we know updates are coming from global co RE the structure of the licencing deal. We are waiting for details on this "Stealth company" we now CAR-T is funded to Phase 1/2a. People are rightly peeved off about the price of the placing and the dilution, but none of that affects the fact that Hemo are charging on towards clinical trials and have lots now pending updates to the market.

Bo, its right there:
"The Directors have determined that the Redemption and Sale are in the best interests of the Company and its shareholders. The Company will be able to maintain its level of operations as it moves its product candidates forward to clinical trials, updates about which will be provided to shareholders in due time."

On this we agree...
I sent the link to primary bid several times saying please please raise what you want with the institutional investors but please do a primary bid offering and open it after the market closes to all share holders. Totally agree that not including all investors was not good. I did try and get people to contact Peterhouse but obviously I was very limited in what I could say. I hope some listened and took my advice and took part in the placing. I know a few for sure did but would hope many more quietly also did. That said, there was not alot of stock available for PIs I believe.

@B1ll, I have not flipped any shares, I used this as an opportunity to average down, but my fundamental opinion has not changed. I am not flipping for 10-20%, I accept some have to sell a few to cover leveraged positions, I did not do that.

@dhub, I have been actively trying to persuade vlad and anyone else who was listening to get rid of these CLNs for a very long time now as it was clear with the CLNs there was one direction. It took ALOT longer than expected to get rid of them hence this SP, it should have happened much sooner. However what is clear is that a line was crossed a while ago, a point at which vlad realised any positive news that was released would be 100% destroyed by Mint and act as a negative anchor and drag the SP lower.
At that point the single goal was getting rid of CLNs and ensuring all funding for trials was secure.
I totally get so many are peeved off at the number of shares issued at 1.5p I am too, but it was necessary, it just should have happened much sooner at a much higher price.
Now the CLNs are gone Hemo will be free to release news on the various pipelines, when attenion is gone from the CLNs and people start talking about the technology again the mood will change. Then people will start talking about charts, recovery plays, that massive gap to be filled at 6.4p.
So no predictions, but I am expecting much higher than your prediction in days not months.

Bo, the funding they have will easily see out the rest of the year, at some point in the future they either partner up, licence, sell, place. God knows, but thats a problem for next year.

@Ssccss, I have been reading your posts for a long time (unfortunatly) what a dispicable human being you are, you gloated and expressed joy when the SP was falling, now Mint are gone and the floor has been put in place to stop further falling your angry and spiteful because your go-to CLN deramping tool is gone, unlucky.

@B1ll yes I did, and I tried to get as many LTHers to make contact and take part as possible as I knew eventually it would happen. I did not want it all going to institutions and funds, I dont know how many did actually take part but I know some did for sure.

Ssccss sadly you have lost and LTH'ers have won. Mint are GONE. CLNS are GONE
No more conversion
No more Mint shorting
No more BS on this board hour after hour, day after day about how the next RNS will be ANOTHER conversion

No more "I will look at buying in at 1p"

No more "This is going sub 1p and being suspended"

Its done, any churn now is from investors who cannot convert CLNs to get the shares they want cheaper.
Any shares sold have been bought at an absolute minimum of 1.5p, Get on your horse mate, your deramping efforts are pointless now, you need a new playbook, Mint are GONE.