RE: Dump and run?15 Feb 2023 16:43
They're not very communicative are they? The last update was the Half Year Report released on 7th September 2022 when we were told that they were "well funded", with a $15.7m cash balance as at 30 June 2022. Goodness knows what the cash balance is now...Potentially we could be waiting until May for the Final Results to get more information.
I see that Trellus Health plc, the third leg in Harwood's rickety biotech stool, has also had a torrid week. If you superimpose the charts for RENX, VRCI and TRLS since 02/06/21, the earliest date available to include all 3, it's amazing how they've all ended up in exactly the same place today - all 90% down - although RENX has formed a slightly more encouraging 'bowl' giving the appearance of upward momentum.
Whatever. The only saving grace is that I never bought Trellus and thank god because my losses on RENX and VRCI (and EKF) have been bad enough.
All-in-all, it's been an unmitigated disaster!