Member Info for Sandhopper

Nice welcome for him as Chief Financial Officer - market bashes the SP down 10% !!

I think with the enlarged volume of shares in issue now most are expecting a dip in the price so holding off and waiting to see what happens. Trading is sparse but some of the trades showing as sells are actually buys. Patience is required at the moment, but will be interesting when things start moving !!

due in 2 weeks time, so lets hope some positive news will be available for us. ** Not all buys were showing yesterday as I took another bite at 16.80p and they are not showing on here. That's the buying finished for me until such time as this continued fall in sp reverses. GLA

Wouldn't think for a moment the few shares sold today would make the SP fall 2p. There has to be something in the background we have not yet been told.- shocking the silence from the company when the SP continues to fall.

Financial Highlights

• Group sales increased to £5.6m (H1 2017: £1.3m) +61% pro forma, driven by;

o DermaPure® sales grew by 73% on a reported basis, 96% in constant currency, to £1.5m (H1 2017: £0.9m)

o CellRight contribution of £3.2m under orthopaedics and dental, +46% pro forma

o Increased sales from GBM-V by 70% to £0.9m (H1 2017: £0.5m)

• Gross margin increased by 12.1 percentage points to 56%

• Significantly narrowed Group EBITDA loss for the period £3.5m (£5.1m)

• Cash balance at 30 June 2018 £12.2m (H1 2017: £3.6m)

• Overall cash outflow reduced £4.3m (H1 2017: £4.6m)



Operational Highlights



• Distribution agreements signed with Arthrex, inc. ARMS medical and Pennine Healthcare

• Human Tissue Authority licence granted for the import of the BioRinse portfolio into the UK

• DermaPure® manufacturing successfully transferred into CellRight facility ahead of schedule

• Additional GPO coverage for DermaPure, with an additional 3 year contract under Premier, Inc.

• Premier, Inc. 'Supplier Horizon Award' granted

• R&D portfolio review undertaken, and operational efficiency initiatives implemented



Post Period

• Appointed Gareth Jones as Chief Financial Officer, to commence Q4 2018

• First commercial manufacture of SurgiPure XD for distribution into the US



Steve Couldwell, CEO, Tissue Regenix Group: "We have delivered a strong first half performance. I am pleased with the growing momentum across our business and we increased market penetration in our key clinical areas as a result of the good progress against our refined strategy. Central to our commercial success has been the strategic distribution agreements with Arthrex, for US distribution of the BioRinse portfolio, ARMS medical for the exclusive distribution of DermaPure in the Urogynaecology space and Pennine Healthcare, the first UK distribution agreement for our enlarged Group. We continue to increase our focus on commercial execution to drive the sales of both dCELL®, through DermaPure, and the growing demand for the BioRinse portfolio from direct and OEM customers.

We recently passed the first anniversary of the CellRight acquisition and have navigated through the integration process, successfully transferring the processing of DermaPure into the CellRight San Antonio facility, and leveraging the development, operational and commercial experience of the combined companies.

As the demand for our products continues to increase we are proactively reviewing our capacity capabilities to ensure that we can scale the business to meet future production requirements. We have identified a number of potential new commercial opportunities which we are actively pursuing and anticipate our current momentum will continue. We remain committed to our objective of being break-even in 2020. "

At least this bit of positive news hasn't made the share price go down - yet - !!

Only just realised the total value the farmer wants is equivalent of £10.95 million. In big business then this is not massive even though the farmer may be way over exaggerating his farm's value. My concern here is not that MCM will not get the land, as I expect they will -BUT - what will the share price be by the time all the delay any court case will may take up ??

I don't think the 20/1 consolidation of November last year that will attract investors that cannot invest in "penny" shares is going to plan Mr Brown.

I think the lack of interest is because people have bought before on what seems good news, and thinking we are now on our way up, only for the sp to fall further because of problems still rearing it's ugly head. I had another small nibble of 2560 @ 21.48p on Thursday thinking maybe we are at the bottom, only for the sp to fall further on Friday.

pre-consolidation prices, then we would now be 1.00p / 1.10p !!

Don't tell me - another group somewhere has opposed the Land Expropriation, so back to court which will not get heard for months, months, months ??????? Let's hope not.

Not sure if the Market is trying to bring the SP back below 8p again as it was in April this year. Certainly a buy and hold if we do see the 7's or even 6's. There hasn't been anything negative coming from the Company as of late so hopefully progress is still happening, albeit slowly. Slow Burner here for sure, but as has been mentioned, by 2020 we should be generating more income than that of expenditure..

deepjoy, Shearwater shares are suspended from trading as from 07-30am this morning, so there won't be any trading of shares until Reverse Takeover has completed, assuming the Takeover is agreed at the special general meeting - didn't see a date or time though of this meeting but it will be very quick I am sure

not all buys are showing as buys as I have just done a dummy buy and could have bought for 8.67p. Still just over 3 weeks until results are announced so wonder how much lower we might be able to buy before !!

Jim I expect it is because the company have been very quiet. We need the company to tell the shareholders they are progressing as to the Boards expectations or words to that effect. The Market doesn't like NO NEWS. Treat these drops as a buying opportunity. I wanted another 100K, but thought we would have further dips that's why I only added 25K yesterday.

The 25563 at 9-55am today showing as a Sell, is my BUY

The 64 million dollar question now is...….How much lower will the SP fall before we get the Results ? I have funds to buy more, but, an uneducated look at the chart says this has further to retrace yet. What are the views of the educated chartists out there - anyone !!

Thanks guys - so maybe another 4 weeks then we start the next leg up !!

Morning S12345, Has the company said the results would be the end of August then ? I have been looking and all I could find was "The Board is delighted with the progress the Company has made and it anticipates announcing full year results at the upper end of the Board's expectations DURING August 2018." …………..Would be good if the Results were announced early in August and then I would expect this slack period of trading we are experiencing might get a bit more lively !!.

Thanks for your views Boz which we all now know would be much nearer than most of our thoughts, to what we can expect in the forthcoming Report. A good indication of the pi's emotions can be determined from the last 11 days trading pattern - ZERO TRADES. Most of us that are left are by the looks of things "dug in", and not prepared to buy or sell at the moment pending whatever news. When I first bought into CZA, now MCM, I was a working man, but have now been retired for 10 years !! Come on Mr Brown, I need my pension pot to look healthier than it is at present please.