Member Info for JustHereForHemo

This is the biggest part of the news, moving to the main market is huge, 99% of investors will not see or touch this share while its on Aquis so its dirt cheap, instant re-rate the day it gets listed.

Just checking, when you say global co, your talking about Orgenisis right?

Hardly inside information, lunus and penguin have been led to believe that a rns stating the option has been taken is expected either before or shortly after the deadline and that deadline is as per the RNS. I believe that is what the "rns Monday" is based on.

With the phase of the Agreement relating to the development of the antibody completed, under the Agreement, as of 11 January 2021, GlobalCo has three months to exercise an option to license the Company's intellectual property necessary to exploit the CDX antibody on an exclusive worldwide basis ("Option").

Personally I think it will just be an full license rns though

Its my gut feeling that the deal is done, that last RNS on 1st April spelt out that they are in negotiations over the "Form" of the licence which to me means structure of the agreement, cold hard cash VS an investment in Hemogenyx. That is what Eli have been doing, mixture of cash + investment in equity shares. Then we have Vlad tweeting, put on your seatbelts, I realise he did not say it was in relation to Hemogenyx however for me it felt very much like a ramp. Then we expect a seperate RNS to the 1st April saying they are taking the option... Perhaps I am seeing something that is not there but this all feels like its a done deal, like the only thing left to do is to write in the number of shares to be issued to Eli. Right now the SP is too low to allow the level of investment that Eli want to make for a equity stake Vlad is happy with so we are in a stalemate situation.

My instincts are that as soon as we close on a SP that is high enough that Vlad is happy and Eli are happy, next day we open and the deal is done and it includes cash + a very sizeable cash investment for shares based on the closing price the day before. I may be wrong and I am sure bo and pumpkin will be happy to call me out if it doesn't happen.

The 7.07's and above are actually buys
When you see 2 sales yesterday and in the coming days where the first sale is slightly smaller by approx < £50 and second is just marginally more expensive SP for slightly less shares, thats very very likely a bed and isa.

Indeed, they could decide to offer vlad £1 for CDX forcing no deal and resulting in hemo having 3 months to decide if they want to inlicence, they now have i believe a maximum 6 months to actually licence but I think that negotions are much more advanced than any of us thought. If your thinking Eli want to waste another 5 months just to sink the deal with a stupid offer then i really do wonder why your so sceptical? These 2 companies have been working closely for years, they are not out to screw each other over....

@Stonk, could happen in hours, or they have months, until they take the option they have not taken the option, the actual 11th April deadline was for them to decide if they want to take the option and enter into negotiations or walk away. but its very hard to say they WILL take the option as this is conditional on a licencing agreement both sides agree on.
@B1ll re-read your post, you deserve a bit more clarity, whilst your reading is reasonably accurate you are playing on technicalities which although may seem sound at first are not relevant. Eli had 3 months to decide if they want to take the option or not, your right the words "We are taking the option" have not been used, but as I explained they cannot say these words, its just not possible until the agreement is ready to sign. What they would have to say is "We are NOT taking the option" which would then trigger 3 months for Hemogenyx to decide if they want to enter negotiations with Eli to inlicence from them any advances made together. That would be relevant market sensitive information and they 100% would have to say that in an RNS. I am 100% confident that Eli Lilly have decided that they WANT to inlicence CDX and that is the basis of negotiations, I believe that fact is more than clear in the RNS communications.
Because this has already been communicated any shareholder should feel free to ring up, email or even tweet Hemogenyx and ask them directly "So Eli are in negotiations with Hemogenyx, is that because they want to take the option or are they walking away and Hemo want to licence from them"
But please feel free anyone to embarrase themselves and ask, its not inside information, its confirmation of a belief based on an RNS, Hemo will be able to answer that question, I would and I would post the response here but I have no intention of doing so as I suspect the answer will be one of the following:
Laughter
"Are you serious"
"Yes....."
"We thought that was perfectly obvious"

Eli Lilly are in negotiations with Hemogenyx to licence Cdx. They are negotiating with the intent of signing and taking that option for worldwide exclusive rights. They can not sign or take that option until the very very very end when the full language of the licencing agreement is complete.
There won't be another rns saying Eli have take it the option because that is just not a thing.
If Eli did not want to take the option then the rns would have said so but it's really hard to guarantee they will take the option until they take the option.... It seems so obvious to many of us but I can see that some people are never going to accept it until the licencing agreement is actually signed. Fair enough, but dont be disappointed if there is no rns in the mean time saying "Eli Lilly have taken the option...." They have decided to take the option and negotiations are ongoing in good faith, that's as good as your going to get.

OK thats me bed and isa'ed, cost me £110 quid and I lost 2.1k shares in the process but definitely worth it for the tax savings :-)

BoPulist, finally something we can agree on. Just placed order with broker to get £20k in

I have been on hold to AJBell since they opened looking to bed and ISA... I am not amused..........

Jesus, what exactly did you expect Bo?? Like seriously, they are taking the option and in licencing agreement discussions but until the licence is signed and cash in bank they don't actually have global rights. What exactly do you want them to do. They CAN'T say what you want them to say until it's a done deal and its all finished.
They had 3 months to decide if they wanted to enter into licencing talks which are already underway. Do you not get it? Your never going to get what your expecting. The next step is either a fantastic licencing agreement or they walk away and they are gone no deal, finito.
They had 3 months to decide if they want to licence, they do, they are in talks or finished, they technically have months to finish those talks, they don't need an extension to decide if they want to enter negotiations....

Seriously, please try and comprehend this, you are not going to see an rns stating Eli have taken the option to licence because that is just not a thing. They are taking the opportunity to enter into negotiations and if your obsessed with seeing the phrase "taken the option" then you are going to be very disappointed. Meanwhile the rest of us who are able to read and comprehend are sitting laughing at the fact your still going on expecting this legendary bs rns with those magical words that mean sweet FA considering THEY ARE ALREADY IN NEGOTIATIONS. SERIOUSLY ARE YOU THIS THICK?

Pingu, it's irrelevant to many on here, because it didn't use the exact phrase "taken the option" they will never accept it, your wasting your time.

I'm with the penguin on this one. Extension to what? Technically they now have months to hammer out the licencing agreement, they are in that phase, some people here are still stuck in the 3months to 11th April to decide to take the option before entering negotiations period....
Because vlad did not say the words in black and white "taken the option" come 11th April they will be shouting no deal EVEN THOUGH the last rns clearly said they are in negotiations over the form of the licencing agreement..... If you cannot accept that global co have taken the option and are now working on terms then you have no hope.

All that aside its my belief that the rns was primarily to boost the sp prior to a deal in the next few days, maybe a week or two. I believe the deal will contain an equity share as part of the deal and vlad will want to boost the SP to maximise the additional investment. But that's just my opinion.

What gets me is unless there is an rns that includes the exact phrase "taken the option" there will always be people on here asking "so are they going to take up the option or not?" Eli could be into phase 3 clinical trials of cdx and still people will be saying they never said they are taking the "option" no deal! People need to be spoon fed on here.. Then when someone like lunus speaks to someone at hemo and relays what he was told or some of it he gets treated like faeces on the bottom of his shoe if hemo does not deliver exactly word for word....
Let's be clear here lunus is not paid, he has spoken to hemo, i have also spoken to people connected to hemo in recent weeks and have another call tomorrow, but you can be damn sure I will not relay a single word to this board because the last thing I want is to help the trolls who pollute this board. If people are not able to digest what's been published to date and realise this is an absolute gift of a share then they really should get on their bike and go invest in deliveroo.

Just in case some are not aware, this is the last trading day of the tax year. Alot of people are liquidating their positions today for several reasons:
1, Realise a profit below the CGT limit to maximise tax free allowance
2, Realise a loss in Capital Gains to offset gains elsewhere
3, Convert shares to cash so that first thing on Tuesday morning then can top-up new ISA with £20k so they can buy shares inside the tax efficient wrapper.

I expect the entire market to see a significant bounce come Tuesday not just Hemogenyx.

Ask yourself this "Why today's update?"
Its clear from the RNS that Eli are going to licence, but saying they are going to licence without knowing the terms is stupid so they would want to know the agreement before they say yes they are taking it. We all know CAR-T is going to trials already so what does today add?
In my opinion todays update was designed with one goal in mind, to raise the SP, and this close to an agreement that could very likely point to one thing. Eli want to licence but they want part of the upfront payment to be in exchange for equity, they cannot buy Hemo so they want shares instead. Perhaps they want £10-20mil of the upfront payment to be part ownership of the company in new equity? It is justification for Vlad trying to push up the SP before it happens to minimise the dilution.
This is the snippet from the RNS that makes be believe I am correct: "have commenced with GlobalCo regarding the form of licensing" That word FORM just reads to me like the discussions are around how much upfront cash, vs taking equity stake, vs milestone payments, vs royalty split. We will get much more money out of Eli if it comes in exchange for equity.

Anyway, thats me for the day unless another 2pm RNS!

Meh, dont worry about going red for a while, if you pay for L2 you can see what the MMs are doing, when you see PEEL pushing down on the Ask and sitting one deep on the Bid you know they are about to force it down. The bigger the orders they have to fill the more aggressively they will force down the SP. Not saying the SP is irrelevant, but inter day prices should always be taken with a pinch of salt.

MrIndia, I realise your question was directed at Lunus1 but I wanted to answer part of your question with another question. Your question is how can this news create over a 300% increase?
Thats the wrong question because its based on the premise that yesterday the company was worth approx £30mil. That is not the case, per last years brokers note the average MCap between Hemos peers was then £242m. Hemo now has 1 product where they are in the stages of clinical trial preperations with CAR-T and 1 Product where they are in discussions with Global Co to take it to clinical trials and discussing licencing terms. Lets ignore the startup in stealth mode....
So question is not "Does todays RNS tripple the value of Hemogenyx" its more why on earth is the SP not already 20p+?
Answers on a postcard, but will include shorters, persistant deramping and fears over CLNs which have been proven to be unfounded. We have had 2 <3% arranged conversions that did not harm the SP and probably went to single investors whilst significantly reducing the outstanding debt and statements from Hemogenyx that they wont be drawing down any more tranches from the loan.

Question now is, how do you value a company that is moving along to clinical trials with CAR-T and is about to licence a billion pound product like cdx with Eli Lilly? My guess is significantly above 30mil :-)