RE: Trellus Health17 Apr 2026 12:29
Well you're not the first person to say that in jest but.... my conspiracy theories proved to be correct three times on previous occasions - one was Eastern Imperial Drinks company. CEO lied directly to the market saying things were looking good - delisted one month later and went into admin and ended up being bought for peanuts. Another was a company who sold solar panels and supposedly had lots of contracts in Scandinavia. CEO lived in Thailand and of course it too after an annual report which stated it had had a 'challenging year' but things were definitely looking up and they were looking forward to updating the market on discussions with potential partners, went into admin just a fortnight later! Again, retail investors totally wiped out. And lastly a bio tech company called Genedrive, where the Directors deliberately embarked on a course of value destruction over a period of 3 or 4 years - one CEO left suddenly and i suspect that was because he didn't want to have anything to do with the plan - only to be replaced by another existing Director. They went from 85m shares and. share price of £1+ and in 4 years the share price went down to 0.2p and the BOD proposed an equity fundraise in which they would end up with over 4 billion shares. In that rare instance a share holder revolt forced a turnaround, led by one particular major share holder, who was then supported by others. The sp has recovered to about 1p and things will one day be ok there but many were wiped out on the way down.
Does TRLS have any significant independent share holders willing to do the same and step in to financially support the company? Answer: no. Hence Marla and Laurie have both put cash in but my suspicious antenna is twitching and telling me a deal has already been done whereby the CEO and co founder will be 'reimbursed' at a later date if they can string this out for as long as possible, allowing Alumni to get as many CLNs away as they can. They've already sold about £1m worth of shares which is amazing for a company which is generating zero income AND whose share price just keeps falling. How do they do this? Enter - stage right - the mms and the good old LSE rulebook. With every day that passes now I have that familiar sinking feeling, along the lines of those other experiences referred to above.
As long as people have their eyes open to the risks then fine. But I don't think it's fair to ramp this stock suggesting it's anything other than a hugely risky play and one that is imho more likely to end up with retail investors losing everything. I could be wrong though.