RE: Cash burn30 Sep 2024 11:39
BeanCounting, giving you the benefit of the doubt that your NOT an alternate account for one of the regulars. You showed up on the 27th with the arrival of the half year report and your first post on Hemo was "Placing coming".
Funny thing was same time large increase in short positions and since you have posted nothing different. So fair enough, your open, you were not a share holder before, you saw an RNS with a company that has a low cash balance and its small mCap, it has a history of placings and you really dont care about anything else you decided to go short, is that a fair summation?
1, Your making your assumptions based on numbers that are inaccurate, last year they had to pay for a second batch of Lentivirus because of a Clinical Hold placed by the FDA. This was a huge expense, like most of the cash burn, it ended over half way though H1, so your assumptions about cash burn are 100% wrong.
2, There HAVE been leaks in the past, Hemo have historically used Peterhouse for placings, I can guarantee you if a placing was planed several well known trolls on here would be shouting and screaming about it, they are not.
3, Hemogenyx is main market, they can LEGALLY allocate 20% equity per year without a prospectus, they have already allocated most of this, the most they can allocate is 50m which would do nothing.
4, The "Trials" are starting with MD Anderson, a charity, they actually fund alot of the trials themselves, Hemo produce the HEMO-CAR-T in house, I am not sure how much trials will cost to start but its not as much as you may believe.
Go ahead and maintain your belief and your short position, you will note that very few LTHers agree with you or sold last week, there is a reason for that. Your welcome to hold your shorts, but please have the decency to not cry about it if you end up getting wiped out shortly.