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Interesting that the RNS was published well after markets closed at 17.45, but the share price took a big hit at around 4pm. Leaky, leaky!

All change. BOD becoming galvanised by the forthcoming continuation vote. Their jobs are at stake after all! Seems they have decided to facilitate a move by the managers away from the Jupiter umbrella and towards a new, independent entity. Personally, I think they should've taken this opportunity to reduce management fees further. Instead, apparently our managers require extra supervision... so charges increase by 5bps to fund "an enhanced risk process".

They say that "the reduction of various Jupiter-managed holdings in Chrysalis" is an issue which needs resolving. But then, in the rest of the RNS, they don't resolve it...

Mindless rampers + a falling share price = a toxic chatline.

Oops. Accident prone. I do pick 'em!

I might be reading too much into the article, but that is the first good news story involving boohoo that I can remember in... well... years. Should it signal a real change in the seemingly endless negative sentiment towards the company, it would make all the difference.

"I bought back in a few days back at 7.5..... or, am i talking b....ocks ?, any opinions on this please"

Shein, the fast fashion giant, is looking at setting up a new office in Manchester as part of its UK expansion. At first it will hire 15 staff for the new site, which will be on top of the 40 it already has on its books on London. The company's UK sales have boomed, rising to £1.1bn for the 16 months ending in December 2022. - The Financial Mail on Sunday

Sorry to see you go Paddyboy. Judging by today's further leg down, you did the right thing. Actually I bought more RENX shares yesterday so I'm probably that 'greater fool' you sold to. As you can imagine, I'm feeling a right chump about it today! On the other hand, I also bought more of sister company VRCI's shares and have just taken advantage of today's big rise in those shares by selling them for a 65% net profit over a 5 day holding period. These are the risks (and rewards) you take in the pre-profit biotech world. I'v put so much into RENX over the past year, and I'm so underwater, that I can't help but feel p*ssed off with myself.... That said, the VRCI story serves to remind that these things can turn on a sixpence. I think RENX will get funding, although no prediction on the terms. With the recent announcements of good inflation numbers on both sides of the pond, I'm sensing a definitive change in the investing climate. If I'm right, then at 20p, maybe, just maybe, the change in atmosphere hasn't yet been factored into RENX's share price.

Unbelievable. It's like the penny still hasn't dropped with management as to the dire financial position of their company. Revenue hasn't merely declined, it has actually *halved* from the equivalent quarter a year ago. Halved! How can that be? Revenues don't even cover the COGS anymore and that's before applying any of the still horribly large operating/admin expenses....

Management not exercised by the urgency of the situation - you'd almost think they had little skin in the game and felt their position was secure whatever fate befalls the company... oh, they haven't and it is!

We've all read about some of the hideously dilutive capital raises in the last couple of months - existing shareholders almost wiped out. Our turn next.

Those purchases were made before today's RNS and share price drop. Therefore appears to have been unfortunate timing on the part of Gresham.

Some wild assumptions there Jacobjohn7. Sorry for your losses, just take it on the chin and you'll be alright.

Couldn't agree more rotto. Sadly , 'deserve' doesn't come into it. No way can they sweep this under the carpet - if they don't publish a specific explanation now, they're going to have to explain what happened at the next scheduled reporting date.

Share price takes another leg down this morning.

To take advantage of the low price and indulge in a bit of 'bottom feeding' is to take a pure punt - one where the odds are probably stacked against you - I'm holding on and taking my losses but can't bring myself to throw good money after bad.

More board room shenanigans with today's announcement that the CFO has resigned 'with immediate effect'. Unlike Harry, she receives a terse thank you.

What to make of all this? Clearly there's been a board room bust-up. Has something gone wrong with the strategy? Are we about to receive bad operational news? Has someone been a naughty boy (or girl)? As usual, we PIs are left n the dark... left nursing our losses as the share price drops to all-time lows.

Rather than attacking shorters (and noting f15jcm's comment on AJB), does anyone here have a clear view on why they are selecting Hargreaves as their target?

Thanks for keeping us updated about the short interest Hawker. Interesting point about the US listing - it might make people think twice.

I've just taken a look on marketscreener and it may be that Harwood are not a shareholder, just Mr Mills in his own name (11.3%), in which case apologies... but of course there is a connection.

I don't see much in the way of fund manager holdings of RENX these days - all those redemptions I suppose. That could reverse... but then again would pre profitable companies benefit? I'd forgotten Amati bailed out some time ago.

Well I added a month ago SB, it was the (trading) gamble I took, more fool me.

"The option to take the operation private grows". Absolutely. Lack of hard sales is forcing the issue... very easy to imagine an announcement to the market that they've explored future funding options and have concluded that they'll be better served and have access to deeper pools of capital by delisting from the public markets on AIM. Indeed, they may have a point! And do we see Harwood as the kind of outfit that might pull such a stunt? I certainly do.

Yes, good news is possible too - cheers for yr optimism!

Damn, are Armistice shorting us? I've not been keeping up. We need that like a hole in the head!

Monday morning and another leg down...it really is death by a thousand drops.

Maybe I got the Monday morning blues, but this price action puts me in mind of imminent bad news...