Member Info for roger65

Not sure Sandy, it’s peanuts for a major and why not keep Marla and her team on and allow them to do whatever they need to implement contracts going forwards. Interesting that there is already visible interest from 3 of the majors. My money is on J & J with an offer that ends up being about £20m once they’ve fought off the likes of Pfz and AZ.

Oh I asked chat got just now and it stated CLNs can still be converted with issues of equity even if a stock is suspended. Either way, they’ve bothered to extend the cash runway to mid June without another CLN . Why? Gives them about 5 weeks to get the ball rolling on a sale. I’m interested because my wife still has £800 worth trapped in here. I sold out with a loss but hopefully she will get her money back. Frankly any result that gave shares holders something back now would be welcome. Who will buy TRLS though? J & J? Pfizer? AZ? Alumni Capital? Mount Sinai is a non profit organisation I believe (?) So I think that discounts them. The clock is ticking and people will soon know if anyone was truly interested in what TRLS have. Can’t see why anyone would have signed contracts with them if they’d thought it was going bust or into administration.

Agreed sandyman. Holders may yet see something but whatever the end result it’s been a rough ride for those who believed in Marla.

Who will fire it?

From the RNS ‘ the Board is now evaluating all options including the sale of Trellus Health Inc., the Company's US subsidiary’

There is some hope.

Oh dear, I may have spoken too soon…my broker said TRLS can still, even whilst trading is suspended, issue equity to Alumni for CLNs. If there is one then a Tr1 might well land soon and that is the reason for Marla requesting voluntary suspension. What a horrible play this has been. Good example of why AIM should be more tightly controlled. It’s been a rinse and repeat operation from the day it listed.

Well executed plan by Marla and probably Mount Sinai.

Now the sp has been destroyed and manoeuvred to the lowest possible levels before being forced into admin, the most likely outcome is a lowball offer will be made and presented to share holders - who will need to vote on it - saying something along the lines of ‘accept or risk going into administration. At least those trapped holding shares might get something back, maybe even a little profit from where things currently sit. From there it’s not beyond the bounds of possibility more than one major pharma will bid but I think the new owner has already been chosen.

Or will Marla really shaft UK retail investors and let it go into administration and wipe them out completely? Tough day for TRLS share holders.

Ah well. Obviously not as bad as delisting or going into administration but I think you’re clutching at straws Latino. I hope I’m wrong and that you are on the money!

So, final CLN tomorrow with shares issued at the lowest possible price of 0.06p? All sold within a few days during which suddenly and inexplicably there will be lots of volume. Then what? Marla will pull the plug? Mount Sinai make a move? They are involved in some way with what’s going on and the deliberate and confident share value destruction. They would not sit idly by and watch this go to the wall. Is it them who have been buying all the shares from Alumni. Big Q is: if they plan to take it on (private), then at what price will they make an offer? 0.5p 1p or is that too fanciful? Or just let it go bust? So interesting to watch what happens here.

Lithium on a tear

JB I get the idea you're just a bit of a thicko trader. My life's savings would never find themselves anywhere near an AIM stock. I end up spending more time on my 'casino bets' on AIM simply owing to the extraordinary games played by small cap Company Directors and the few iis that get involved when they see easy opportunities to make money. I've had some fantastic results on AIM and some shockers. You on the other hand are a complete hypocrite as you were regularly dissing this stock when it was much higher but not invested and then did an about turn when you decided to 'build a stake' (£100?) once it had seemingly reached a bottom. Only now you're already well in the red with no signs of ever retrieving you dinner money. I don't want more people to waste their money and time on such a sham as this. As I said earlier however, I'll make an exception for you. You go for it and put the kitchen sink in.

By my reckoning we need to see one more delayed trade for about 10m shares and then the next CLN will hit. After that it's lights out imho.

'FCA must investigate the sudden drops by MMs whilst hiding trades and late printing. This is not a fair plane field for investors.'

Good luck with that Latino. This is AIM and lots of iis make an awful lot of money out of it. FCA is not interested in looking after the interests of retail investors. It's' not their priority.

And how is your position at the moment JB? I do hope you’ve put plenty in. Normally I hate seeing people lose on stocks like this one that are deliberately managed to take money off reaching investors but in your case I’ll gladly make an exception.

I’m not crying JB! What I am doing though is trying to make people aware of what’s going on in my humble opinion and that buying any shares in this sham will only result in more people losing money. You yourself for months were absolutely lambasting this company and this stock and only in the last two or three weeks have you decided to build a position. Not sure what your game is, but it’s certainly not helping yourself or anyone else. I knew I could lose money and that it was high risk with potentially high rewards. As far as I can see the potential for any rewards has absolutely now gone.

TRLS do not want to cancel the agreement! They went into it knowing exactly what they wanted to achieve, which is the destruction of shareholder value. The whole point of these death spiral finance agreements is to get as much dilution and destruction of the share price as quickly as possible so that when the stock is at its nadir they can move to take it private as cheaply as possible knowing full well that even if a vote was required for a move, they can submit the options to existing shareholders with the proviso that if people don’t vote the way they want then it administration. Not sure how many more times this needs explaining but this is a well conceived and executed plan and unfortunately to differing degrees we have all fallen for it and participated because we hoped things might be turned around.

There are occasional examples of when companies reach low points. They have sudden turnaround but this one has well gone past that point and it’s clear, to me at least, that they do not want retail investors any longer and are determined to have all the benefits for themselves. Bar Stewards

As per usual the UK market is getting this wrong and the Americans are all over it. The LSE has lost its reputation as the number one force in the financial world and seems to be flailing about and getting nowhere with successive UK governments in trying to establish a new way of existing

There is no interest from bottom feeders in a stock like this. It’s clear it’s about to be delisted and taken private. Looked into it and because Marla isn’ta major shareholder I think that’s why she and Laurie made the loans. They become stake holders in the vehicle used to take out forwards. They’ve basically bought themselves a piece of the pie from the moment it goes private. If it goes into administration then Marla and Laurie as lenders with outstanding debts will go to the top of the queue when divvying out whatever there is still of value: namely the IP. And that I suspect is worth a lot. Thev would make millions from just selling that on and could retire happily. Sorry guys. Either a final CLN this week to really put the final nail in the coffin or they delist or admin. Nowhere else for it to go now.

Latino, it’s called death spiral financing for a reason. It’s the lender of last resort. Alumni have been brought on board to deliberately destroy the share price and value of the company. There’s a plan and I suspect the company will be fine - and Marla handsomely rewarded - but sadly pis are irrelevant for them. Mount Sinai might well be the ones buying up the alumni shares and just not declaring their interests via Tr1s. The FCA will do nothing Im afraid as this goes on ask the time on AIM.

Here’s what I think will happen - one or two more CLNs and sp driven even lower, until the issue price hits 0.06p and then Alumni will refuse to continue as they and the mms will find it well nigh impossible to turn a profit as (hopefully) retail stop buying shares in the vain hope of this turning around and miraculously giving them a multi bagger. I too hoped it might do exactly that but we’ve now gone beyond the point where there is any realistic chance Marla has the interests of ordinary share holders at heart.

It’s about to go bust or delist and go private. My money is on the latter. Think the mms and Alumni will try and get one more CLN away before making their move and you lose everything. Just my opinion but I’d say evidence is overwhelming that it’s done. US company listed on AIM to milk funds from gullible retail investors. Share price of 73p to 0.12p in just five years. That’s not bad luck, it’s a well executed plan by Marla, Mount Sinai and Alumni imho. There is no intention of them rewarding poor pis for having handed over £ms

Our FCA will turn a blind eye and do sweet FA as they tell us no laws have been broken

I wish Chris Kenning would takeover here. I think he’d actually do something for the Company. Staggering how they describe themselves as an established outfit with any kind of expertise. Laughable really. We just have to hope Weardale can get somewhere and lift us out of the abyss at some point in the future. It’s mystifying as to why the MAC directors don’t want to share any news from Weardale - and one assumes as holders of 8% of Weardale they would be kept in the loop… hey Ho. One day…

You got it badly wrong JB. It's ok to admit you're fallible. And you most definitely are. The only doubt is as to just on how many levels. lol