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Good to see an improvement in Sales, although the numbers could and should have been better, but I suppose any steps forward is positive news. Don't understand why he would need to raise funds with the drawdown facility still in place, any further dilution will see this company sink further down with next to nothing coming in. This company had a good track record when it came to raising funds without heavy dilution. I hope Mr Cheek bears that in mind when he goes about the next fundraise.
Good to see this on the rise, CNSL were grossly undervalued, it's about time this re-rated. I wouldn't be surprised if we see 10p this year which is roughly where this should be. Ignore what the derampers and the people that like to put this company down say, but 10p is where we should be. Still a long way to go before It hits my average, but if this continues to climb the way it is, we could get there within the year. Long may the climb continue.
Pop my head in for a second and all I see are the usual suspects going at each other like nobody’s business. How sad is that? Well, at least we have a nice steady rise happening to cheer us up. It might be very small steps forward, but it’s long as it’s heading North I don’t mind how slow it goes.
They were super legit, that's why they were given the contract. It wasn't Omega's fault that the deal collapsed, it was the govt's, who promised to sell Omega's test but then changed their minds and went elsewhere. Thats not the company's fault, this is still a good company with a decent business and next to nothing debt.
Atanasoff- If you had a brain, you'd be dangerous, and the Captain doesn't know whether he's coming or going. I've been here long enough to know exactly what this company is about. I dont believe or listen to the waffle that comes out the Captain's mouth, he's just bitter because he's lost a lot of money and given up hope. Best to take no notice of these emotional types, their views are always based on their emotions and not facts.
I would say were worth at least double of our current mcap. Forget the snake oil you speak of anyone's guess what that is. The companies business and assets alone are worth much more than the current market value.
It's because the drop was overdone, and the govt dispute pushed it further down. Now that were out of Covid and things are settling back down, maybe our true value is being realised by the market. We're very undervalued at the moment, so things maybe starting to align as they should.
Dont forget -
RNS Number : 4140F
Renalytix PLC
04 March 2024
Renalytix plc (NASDAQ: RNLX) (LSE: RENX), an artificial intelligence-enabled in vitro diagnostics company, focused on optimizing clinical management of kidney disease to drive improved patient outcomes and advance value-based care provides the following update in regard to an unsolicited approach from a possible strategic acquiror, launch of a Formal Sale Process, and its advanced financing activities.
Formal Sale Process
Renalytix has received an unsolicited approach from a large and well-capitalised publicly listed strategic diagnostics company, which is in the process of evaluating an acquisition of the entire issued, and to be issued, share capital of the Company.
Therefore, the Company has commenced a review of all available options, including a possible sale of the Company and/or its assets, and has commenced a formal sale process (as referred to in Note 2 on Rule 2.6 of the City Code on Takeovers and Mergers) (the "Formal Sale Process"). The Formal Sale Process will enable the Board and its advisers to conduct an orderly process and engage more widely with all potentially interested parties, with a view to optimising the outcome for Renalytix's shareholders. It remains possible that, following completion of the Formal Sale Process, the Board will consider that Renalytix and its shareholders would be best served by alternative strategic options available to the Company, including by Renalytix continuing to trade on AIM and Nasdaq as an independent entity.
Now that the Placing is out of the way and we're 12M richer, hopefully we'll climb back up into the 40s which was where we were settling before the Placing came along. According to Simply Wall St. revenue is forecast to grow 108.13% per year. This Share has been very volatile lately. Sentiment is high with a bid pending, another day of high volumes could see this climb rapidly again.
Sharebel, stop ramping, nothing is certain. I’ve just jumped out of a share that was certain a bid was incoming only to turn around and say they are now looking into obtaining a loan. This could be a devious ploy companies are using to boost the SP and raise capital. Be careful all.
How do you go from an internal and external bid, to a loan. These companies are so full of BS, that's why I say never take what these companies say on face value, always do your due diligence. Anyway stop loss triggered and I'm quite happy to be out of this pile of horse manure.
I dont want to jinx it, but it looks like this will settle around 30 until we get the next news. Very low volumes this week and still the price is holding. This could drop below 30 next week if volumes stay low, but I think it will actually start to move up a little as volumes increase as we get closer to the deadline. I've seen a few stocks going through a similar takeover, I've noticed that MMs tend to keep the price steady when a takeover is in progress.. My guess is this will stay between 30 and 40 and a bid will come in @ 80 which I think everyone will be happy with. Jmo of course.