Hemogenyx Pharmaceuticals Share Discussion Threads

[on target] 05/2/2020 10:25

So only doctors should be directors is that your point?

Or is it that you believe a 'wife' should be cleaning or in the kitchen (or down the gym bodybuilding)??

[davevt] 05/2/2020 10:23

Scara, I looked it up when they first created them and I investigated, can't remember the link, but I posted it on this board at the time.

Anyway, the director just confirmed it in the email to Marie, so there you go.

You just said she is a patent lawyer, that's not a doctor. Stop trying to twist the simplest facts. The Dr and his wife are the only directors on the subs, which all the revenues from deals are going to.

[marie1980] 05/2/2020 08:14

what a useless thread

Purple- you are premium, you can always ban members. You did before so don’t moan. Action it.

[marie1980] 05/2/2020 08:06

Do you have some sort of insider info?

— this is really funny like Dave will tell us if he has any.

[scaramouche1941] 04/2/2020 23:29

Dave, how do you know what role does she play? How do you know who is a director of subs (I guess you are talking about two subs). I cannot find any public info about who are the directors of subs. Do you have some sort of insider info? I would appreciate a reference to a public source.

[purple11] 04/2/2020 20:44

what a useless thread

[sentimentrules] 04/2/2020 19:47

Marie1980 bought this? Need not analyse. Its screwed

[marie1980] 04/2/2020 19:39

I’m sorry but I’ve to now comment.

Scara- you seems like a little child who kept on repeating that whether Dave lie or not.

You didn’t care to read or comment about his sub thing and also didn’t care about read my email reply from hemo.

Add to the fact that not a single member here object what dave said.

So have patience, and I would appreciate if you put something sensible here.

You or other member agree or not, it’s me who has now atleast get detailed info from hemo.

Anyway, now in my book, you lost your credibility. Which I’m sure you doesn’t care

[scaramouche1941] 04/2/2020 18:34

As far as I know The WIFE is a co-founder if the company and an intellectual property attorney. Dave, why do you say that she is not involved? Are you lying again?

[seanlander] 04/2/2020 14:56

Some nice buying today! Should be a nice little spike soon...

[marie1980] 04/2/2020 14:26

Ok... I wont put any post here.

Thank you all and apologies for trouble.

[davevt] 04/2/2020 14:06

So from Marie's email you can see it's EXACTLY as I said.

To the letter.

'Shown on the balance sheet' is not the same as physical money to fund the company you're invested in, hence the placing.

Hemo has more than 'funded the subs' a bit.....if 700k is being spent a year by hemo on development and research, and the subs are getting revenues of the fruits of said research and it's not going back into hemos coffers, then the subs are 'saving' 700k of expenses.

'It doesn't matter that they are the only directors'

Of course it doesn't, but his wife, who is not even involved is a director. Why? Because you ban both take dividends and not hit a higher tax bracket, than one person taking it alone. It's the oldest trick in the book, hence the old having the 'wife as a company secretary' thing. Shared wages, to the same household, not having to pay higher tax. There is no reason why his WIFE is the other directors on these subs.

All of this is legal, but doesn't help the cash flow of the company you are invested in...hence the placing...which I predicted...and you lot said would never happen....because you haven't got a clue about shares, balance sheets, or even business.

What they are doing is exactly how I would run a floated company. Even their mention of 'an investor wanted some funding to go to the sub', yes..and the company would not discourage that either, they would love any money to go directly to subs and not the parent, to keep the parent balance sheet low so they can do further placings.

[marie1980] 04/2/2020 13:39

Repy from HEMO Please comment:



XXX

We adopted a policy of putting different assets into different subsidiaries because a particular investor wanted to invest in those parts of the business but not in the business as a whole. Also this avoids diluting the plc company shareholders which we want to do as much as possible although we had to dilute them recently.

The subsidiaries are wholly owned (as the investments were made by convertible loans) so, wherever the money sits, it is all part of the Group and thus all part of shareholder funds. And will be fully reflected in the Group balance sheet.

In fact the parent company has not put any money into the subsidiaries other than a very very small amount to set them up. All their funding has come from the convertible loans.

There are only two operating subsidiaries, one being Immugenyx, set up to develop the mouse business, which is really quite distinct from the drug/antibody development. When we get a contract that uses the mice, then that of course goes into Immugenyx. As and when Immugenyx makes a profit on the contracts, the funds are available to the Group as a whole. I can't possibly go into the detailed financial management of the Company but it is entirely normal and indeed most companies (anything from retail to oil to hi-tech to pharma) operate much and in many cases all of their business through subsidiaries. It's just a normal way of doing business.

It doesn't matter that they are the only directors - they are operational subsidiaries and it makes sense that the directors are the two local directors - plus of course Vladik devotes part of his time to running and developing them.

You need to understand that we are a development company and, while these are going well, they can only earn revenue when they are fully developed and licensed - which is a long process. The exception to this is the mice business which is run through Immugenyx and which can and does earn revenue now as the mice are fully developed and ready to go - to have a revenue-earning business is quite unusual in my experience for a company at Hemogenyx' state of development.

As to Andrew's investment, he wanted to show at least some faith and commitment to the firm. He was unable to subscribe in the placing because we ran up against our permitted headroom (as voted at last year's AGM) from outside investors who wanted to come in. So he, rather kindly in my opinion, decided to buy shares in the market - at a higher price, I imagine, than he would have paid in the Placing. He is not an insider in that he is not in possession of any material price sensitive information that has not been disclosed to the Market in that he invested after the Placing announcement. There are rules and times when directors and officers can and cannot deal - otherwise directors could never buy shares in the companies where they sit on the board !


In summary you need have no concern as to the mis-spending of money at all but you can rest assured that all Vladik's efforts are directed towards delivering a positive result and where his efforts to date have been impressive. I only wish the market were more alive to the remarkable progress he has made on very limited funding resources.

I don't normally like to engage in this sort of lengthy email exchange with shareholders and, if you have any further queries now or in the future please contact me direct to discuss them. In fact, if you have any further queries, speak to me direct before sharing them with others.


Best wishes

Peter Redmond

[marie1980] 04/2/2020 13:09

On target I just did thumb up to your last post as a proof.

Happy ?

And did same to “other” member

Happy both ?

[marie1980] 04/2/2020 13:02

I’m ever optimistic person.

Like I never short in life, I never give thumbs down to any post.

I will write here openly rather than silly post down

Grown up

[badger60] 04/2/2020 12:59

Probably.....not much you can do....so just ignore the cretins

[on target] 04/2/2020 12:36

I wonder which 'blue' poster keeps ticking down posts? Can't be purple11 as you can't tick your own posts, and I don't recall seeing any other blue posters on HEMO recently.

Could it be the same weirdo that's behind 'dave' and 'marie'?

[on target] 04/2/2020 12:03

Interesting that our partner Orgenesis is about to become cash rich to the tune of £100M. Wonder what they're going to do with all that money?
They could do with a new division to replace the one they've just sold..

[badger60] 04/2/2020 09:52

With existing cash the company now has time through to the end of the year to entice big pharma into committing to a CDX deal....... whilst in the meantime progressing HemoCAR-T in-house as well.