Message to the LTHers2 Oct 2024 14:42
Ignore the BS over todays RNS. Prevail are the partners to run the trial, they are a not insignificant part of the operating expenses, for the second year in a row they have taken THEIR payment for services in shares having valued Hemogenyx at a significant premium. Come back next September to see another "Strategic Investment". This time last year did Hemo follow up with a placing??? NOPE! This is a transactional deal to do with clinical trials for HEMO-CAR-T, Prevail do the wok Hemo hand over shares.
This DOES cover part of that cash burn everyone was worried about, it does extend their cash runaway as they dont have to allocate cash to Prevail but this is not a cash injection to pay for CBR or CDX etc.
Stu has been very clear, he has inside information that a large non-dilutive funding package is coming in October, ignore his trolling about Penn etc, he wanted to sneak in a trade before the funding lands. He is a trader its what he does. Bottom line is with todays padding and the widely discussed non-dilutive funding package before end of the month its kind of stupid to push a placing narrative, its just so unlikely, raising peanuts in a placing would complicate ongoing negotiations.
Today there was a big increase in volume and a HUGE increase in shorting activity. If a placing does not land to close out those shorts then they need to close at some point, and by the looks of it there are ALOT of shorts. There are more traders having a breakdown on Twitter than I have ever seen.
SERIOUSLY - https://x.com/search?q=%23hemo&src=typed_query&f=live
GO AND LOOK!!!
Go and checkout just how many are short, all trying to sell it as this is a pump for a placing!
Guess what? Its not, its a 12 month refresh of what happened last year AND we are 10% AND there is now a HUGE additional short position.
What happens when a short wants to close?...... They have to BUY back.
We are 9% up and there are massive shorts that need to close.........................
These twats dont believe a placing is coming, they NEED a placing to come, seriously, everyone should check it out, this is not normal, go and see just how many are short. IF they are right? Then a placing is coming, if they are wrong? They are screwed. History of 12 months ago + everyone who is reporting non-dilutive funding suggests they are badly wrong:
https://x.com/search?q=%23hemo&src=typed_query&f=live