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1st, NO LTHer is happy here.
However if this had been 6p+ as it SHOULD have been would anyone be moaning? No, we all know why 6p ended up being impossible, 2p is where we landed.
Genuinely surprised NOT to see Prevail making a strategic investment here, no point in speculation why, called that wrong and really want to know why, I would want Vlad to answer this in interview.
---HOWEVER---
Vlad did a placing at 2p, its done. At present HEMO-CAR-T is not for sale, Vlad has made this clear in the past he will not sell on the cheap, he believes it will work and believes true value can only be achieved once he has proven it works.
https://legendbiotech.com/legend-news/legend-biotech-announces-exclusive-global-license-agreement-for-certain-car-t-therapies-targeting-dll3/ - 100m up front and upto 1bn including milestones, LB2102 is not yet in Phase 1, other potential CAR-T treatments.
https://www.jnj.com/media-center/press-releases/janssen-enters-worldwide-collaboration-and-license-agreement-with-cellular-biomedicine-group-to-develop-next-generation-car-t-therapies - $245mil up front + additional unspecified payments - some Phase 1 results PHASE 1 NOT COMPLETE, LICENCED WITH PARTIAL Phase 1 Results
That is 2 most recent phase 1/pre result CAR-T licencing deals I could find, Licenced EXTREMELY early.
So when people want to beach and moan about poor management they really should consider the fact that the dilution today was 15%.......... Not 50% or 100%. It was only 15%! HOWEVER it is enough to get CAR-T into patients and get results, if it works? Vlad will probably licence as soon as possible as stated in previous interviews.
Hemo have their own Clean rooms, they have the Lentivirus, they have ALOT of practice producing HEMO-CAR-T, they have a hospital lined up for trials and now they have the money to pay any expenses associated.
So how long until Vlad gets to this point? There is no statutory waiting period, mRNA-1273 went from IND approval to first patient dosed in 11 days, that was for covid so there was a massive push. AMG 510, a bispecific T-cell engager had PRE-IND meeting on August 30, 2019 and dosed the first patient in September 2019, Pre-IND, IND and started trials IN ONE MONTH. These are extreme examples, but point is there is no minimum delay.
It looks like there is no big pharma involved to introduce red-tape, and as per that SP Angel interview the FDA are likely to grant some sort of NDA approval if there is any efficiency and the can do so after a few dozen patients IF we get that far before licencing.
This share SHOULD have re-rated already, there is no comparable company, clinical with CAR-T for oncology in human trails, ZERO debt, 100% ownership anywhere even remotely close to this mCap. What news do we need to cause a re-rate from here? NOTHING! We have had the news, we just had massive SP suppression when it landed! Shorters won, they got their low price, now? they move on to the next victim.
Watch the video with SP angel.
SP WAS very cheap, bur focus was on finance, the market was not going to allow sp to rise until that was addressed and market decided it was going to be cruel.
Vlad will be able to prove CAR-T works in humans, or not, before having to look for more money. If this works? It's worth 500m-1bn, if not HEMO-CAR-T is worthless. If HEMO-CAR-T works the because its the Same patented target as CDX then the validation of CAR-T is going to be a very positive indicator for CDX making it many times more valuable.
Plenty of bedwetting today, not a huge amount of dilution, just a bad price. But hemo still own 100% of everything and we can be pretty confident trials will start recruitment soon. Would I rather vlad give away CAR-T now for 20-30mil but no extra shares OR accept 170m shares dilution but retaining 100% ownership and hopefully sell for 500m+ before end of year?
I have accepted what's happened, it's done, not alot to moan about any more. Either vlad saves people or.... not. I remain a large shareholder and even with my rose tinted glasses taken off today I am a huge supporter of this company.
You will be pleased Pumpkin you can post whatever you want now.
Everyone knows how I feel about certain people, they have done their job, inflicted maximum damage but now? No incentive to hang around.
These funds enable Hemo to start clinical trials, thats pretty huge, FDA lifting CH WAS huge but because of placing fears we never got to enjoy the rerate that lasted about 20 minutes. Be under no illusion, Hemo will start trials, they will probably announce something very soon, but this time? Nobody can shout "Placing!". Im off, hopefully these placings shares churn soon, then we start seeing the emotional sub placing price bedwetters catching FOMO again as they calm down.
Vlad sucks balls at raising funds from the markets, we should all pray today was the last time, he NEEDS to licence something, he has probably 6 months now to prove this thing works and sell it, time to put up Vlad.
Good buy all, hope we all feel better tomorrow!
The share price SHOULD have been 10p+, raising at a significant premium to the SP BEFORE the company went clinical would have been 100% accepted by all. We took the risk buying pre-clinical, those taking part in a premium placing would be buying into a CLINICAL de-risked pharma, all onboard for clinical trials.
Sorry but how does that make Vlad complicit or in the wrong? THAT is the scenario that SHOULD have been played out, that would have been morally acceptable. Traders and shorters forcing the SP down BELOW pre-clinical price is the morally reprehensible part here. Companies need money to survive, try and pass blame all you like, I remember your posts Island Girl. The fact remains, traders and shorters though actions and words FORCED the SP down so low Vlad was forced to accept 2p, well done to EVERYONE who took part in that.
1, Stu literally posted yesterday a placing was coming today, that is illegal, he is not alone but its still illegal, being correct while exposing yourself as an inside trader is not actually a good thing....
2, Vlad is actually sincere, he never wanted to raise at 2p, he wants to save lives and while IMO he is uselss at fundraising his heart is in the right place.
3, Again, forward selling whilst insiders for a placing IS ILLEGAL, end of.
4, Vlad is not good at raising funds OR at estimating timelines, but look at CBR and CAR-T, what possible justification can you have to call him crooked? Somehow he has managed to hoodwink the FDA who gave them approval to start trials?
ALOT of emotional reactions today, myself included, but facts are facts, the science is sound, inside trading is damaging and a crime.
Why would Hemogenyx be worth LESS today than it was worth yesterday?
MINUS side -
Hit to Reputation, burnt shareholders(myself included), loss of faith to many existing shareholders
Questions about WHY Vlad did not borrow from Prevail at a premium
PLUS side -
After 3 weeks of non stop attack over placing, sadly Vlad succumbed, but placing is gone.
Hemogenyx ARE Clinical with FDA approval to start trials in HEMO-CAR-T and now have the money to do so
There are no Peers even remotely close to this level with clinical trials for CAR-T in oncology
No fears about placings now for many months
Hemogenyx have retained 100% ownership of HEMO-CAR-T and CBR
I get accused of wearing rose tinted glasses, but I would counter that alot have sold because they got emotional and threw the rattle out of the pram. I can understand emotional trading, but fact is, the shorters are closing, the traders who make money and have enjoyed the fall are buying down here and its LTHers who have hurt feelings who take the loss and sell. When the SP is going up again it will be ex-LTHers who will be buying seeing a turn around and it will be the traders who will sell on the way up banking profit.
Damage is done, if you want to sell, go right ahead, I have been here though Mint, I have been here though Clinical Hold, a discount placing to pay for clinical trials is not going to scare me off!
Yes Peterhouse were involved and yes traders want to make money but that does not make it right or ethical. Not going to labor the point but the actions of a few made it very hard for the company to raise a larger amount at a higher or even premium price. Those individuals were able to do so because they were able to sell shares they did not own and force the SP down. We can argue this until the cows come home but its not right, short selling tiny mCaps like this does disproportionate damage and is just wrong.
You do realise they are an american company with UK staff right? If a brit writes the RNS they are going to say £ first, if a yankie writes it they are going to say $. Does it really matter who wrote the thing and how much details they add?
Seriously? What stupid questions.
Darwen, I am certain there are many many more retail traders who did the same, not just Stu, basically the retail book of these brokers, the whole sector is corrupt. My ire is more focused at Stu because he seemed to get such joy and satisfaction ad the damage he is part of, of course he is not alone, but he is the one who decided to make himself public and go the extra mile.
He needed to raise funds, it should have been 6p+ it should have involved Prevail and should have been lined up for FDA approval. He made the mistake of relying on retail brokers and the cardinal sin of actually sounding it out first.
Be under no illusions, this SP Was FORCED down, not by Vlad, not by shareholders selling because they didnt believe in the company, but largely by people borrowing shares and forcing down the SP and convincing others to sell. The drop to 2p is disgusting and not justified based on what the company have and their potential, it was pushed down JUST to make a placing more expensive and damaging. The ONE thing I want out of this more than anything is for Vlad to finally for once realise if he sticks with the same retail placings he CANNOT fight these traders, they have no ethics or morals and very deep pockets. I want to see them prosecuted as there is no way this is not market manipulation.
I am actually not that angry at Vlad my anger is directed elsewhere as I suspect is clear, well done stu, you managed to starve Hemogenyx of the ability to raise more money much much higher which will delay research and ultimately? People will die who could have been saved, so good job you.
That said. I hold, I have bought below 2p and expect the filth that shorted the SP down here will probably also buy and start ramping and pumping. The shorts are closing or closed already and "Stu" and his troll aliases are away on a boat, which is BS, he always planned to stop posting as soon a placing landed. I wonder how many of the other profiles here today are his?
Hemogenyx ARE Clinical, they ARE preparing to start CAR-T human trials and now the ARE funded. There is zero chance of people now shouting placing for 6mths+ so incentive to short and troll is gone. Those on the sidelines waiting to buy AFTER finances are sorted might well buy, so basically SP should bounce hard once any dummy spitting sellers, remaining placings shares and closed out leverage shares have churned. Its a dark day, but after 3 weeks of nothing but negativity there are blue skys in the distance.
PLEASE VLAD though, GET CAR-T into a few patients AND LICENCE THE BLOODY THING!!! NO MORE F-ING Placings!!!!
100% his post yesterday was basically "I won, RNS tomorrow".
An email to LSE as well as to Hemogenyx is 100% warranted here.
I am angry that vlad did this at 2p, but the fact there have been "soundings" tells me without a doubt Stu was insider trading. If peterhouse are going to continue to use these same destructive traders time and again then Hemo need new brokers.
Because of a few insiders shorting and spending weeks on the assault, Hemo have been forced to raise at 2p??? Even lower than when the FDA had a bloody clinical hold??
That is not right. This is market manipulation and it needs to never happen again.
Email hemo/vlad, make it clear this inside information has been used to push down the SP for weeks and he needs new brokers.
What disgusts me even more is that having pushed down the sp to 2p these vermin will now ride the gains and start ramping not caring that they made it impossible for vlad to obtain 10m+ which would have allowed significant progess in CBR etc.
Nope, last contact with peterhouse was a few weeks ago. Since then have sent several emails asking hemo to bin them as brokers as this leaking is doing serious damage.
Peterhouse need to go.
Stu and those short selling over the past few weeks off the basis of soundings need to be prosecuted.
Simples.
Jesus wept... 2p????
Anyway was in talks with FCA yesterday about Stu, either insider trading if placing RNS landed today or just market manipulation if not. Guess we all know which one it is.
Deliberate and continuous shorting attacking and driving the SP down here from 7p+ JUST to make raising funds more expensive is disgusting. Company deserved to be able to obtain alot more funds on much better terms after last few RNSs
Stu, what I find disgusting are individuals, like yourself whom dedicate hours and hours of their life to attacking, shorting, trading down companies that are small and vulnerable in the hopes of a hail mary bad news or discount placing etc. You should be ashamed of yourself but your clearly not, there are many different types of people in this world, I would rather support a company looking to cure patients dying of cancer, you would rather make a quick buck. Simple as that. Its not about the science your attacking Hemo purely in the hopes of needing to raise funds, which if that happens would be at a much reduced level than it would have been back when it was 7p+. Heaven forbid you attack a company that is not trying to save lives, that would be too morally acceptable.
FML, you go out for dinner and return to this????
It is disgusting how a few traders and shorters have managed to do so much damage to the reputation of this company, the hate and vitriol that some must have to dedicate hour after hour attacking a company that is literally within touching distance of saving lives (hopefully). And then to see the glee and joy expressed by some when a company struggles having been attacked and pushed down so far by traders and shorters who literally are happy to see people die to line their pockets, makes me sick.
So you bought 1m at 3p? Congratulations? 2 week old account, going well, are you going to try and last a little longer before getting banned this time?