Inexcusable11 Mar 2025 10:56
To be clear the CLN placees have STILL not gotten their shares, none of us were involved or knew about this.
Knowing money was tight we had agreed to sell our shares when they were above £3 and reinvest the full amount at ZERO discount AFTER we got the shares. There was no justification for this placing today.
Yesterday I spoke to Singer, the MM who has had unlimited stock in recent weeks and called them out on naked shorting, the response was basically "So what". I have contacted the FCA because to be clear, this is illegal.
I am calling for the immediate removal of Peter Redmond from the board, he has zero appreciation of the market and the effect this behavior does, all I get when I speak to the company is "We had to raise money and this was the best offer" Which is FALSE, existing shareholders would have sold and raised at ZERO discount. I have also been in touch with several venture capitalists who were extremely interested in investing in this company and would not have demanded such a discount.
Vlad has done a placing with an institution that APPROACHED THE COMPANY, they clearly were selling/short before they even made the approach and have held the SP ever since Vlad gave any sniff of interest.
Without a board change Hemo have lost my support, their failure to vet placees is a complete failure of duty.
Their failure to represent the company accurately to the market is again a total failure of duty. Vlad gets real time data from Prevail, they know HG-CT-1 works, they know its safe, MDA know its safe, they are testing the next patient. The licensing option for Kure.ai should generate a second income stream but vlad refuses to talk about it. There is ALOT of positives to this company but vlad is so s417 scared of the FCA because of a slap on the wrist many many years ago he refuses to speak openly about the potential and instead allows us to be abused.
I wont be posting again, but I will be active in the background. If Redmond does not step down we have enough votes for an EGM. I will also be aggressively pursuing the FCA to follow up here, Hemogenyx are not legally liable or at fault here so dont worry about trading being suspended etc. I want to see the placee and market makers held to account.
I encourage you all to use your voice and speak up, email the company and call for an immediate board change, this disgusting spectacle cannot be allowed to ever happen again.