Hemogenyx Pharmaceuticals Share Discussion Threads

[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.

[purple11] 04/2/2020 09:36

looking forward to in vivo car t results to kick the shareprice up.

shouldn't be too long in coming.gl

[marie1980] 04/2/2020 02:19

Ok Badger, this is last time I mentioned your name.

No more. You can count on me on this.

Thanks for your all knowledgeable post though.

Bye.

[marie1980] 04/2/2020 01:27

Oh dear...
I’m short of words for you John.

We are here for same cause but you fail to understand my love

[marie1980] 04/2/2020 00:01

Dave,
I made you popular in LSE:
Now just request you not to post stupid.
Esp I hate when you put stupid smiley.
You’ve knowledge so use it and don’t ruin it.
Having said that if hemo come up with some substantial info, I will switch to Badger!

But since 2 years - after learning your pair, I agree with you and hence endorsed.

[marie1980] 03/2/2020 23:53

I’m not 40... I’m exactly 36.

Anyway, I’m the one who kept sending emails to hemo and dr. Vladik. And kept putting all information here.

What you did so far ?!

I learned from Dave and then use that knowledge to expose management so far.

From my email chain they are scared and I’ve been told to see their london office but I will put it in detail.

What you did for your fellow board members ?

Nothing!!

I’ve dare to send emails and communication with management.

Whoever I’m, I’m learning.

First I’m impressed with Badger and now with Dave.

What’s harm in it ?

[johntopdog] 03/2/2020 23:48

No you are completely stupid...

You set the profile name marie1984 on LSE and you set the profile Marie1980 on here...how can you be new to this world..you are 40 !!!...

I suggest you move on from posting as you are a disruptive poster

[marie1980] 03/2/2020 23:43

Okay let us clarify.

I born in 1980 but because in Malta my mum put my birthday as 1984 to my sister Maria. And all confusion lies there.

And myself and my bestie sis Maria use each other account and hence mess.

She is also learning and new to this world.

Happy ?

[marie1980] 03/2/2020 23:00

Yes Delano,

I agree with you. Happy ?

[delano1967] 03/2/2020 22:56

This is your last reply.. they don’t reply to Dave because they understand they are just feeding the cat. Feed a cat and it keeps coming back. END

[delano1967] 03/2/2020 22:53

No thanks.... you are invested in Hemo and spend your time asking people on other forums to follow Dave.... and him uncovering a scam. You are the scam and as I said, uncovered yourself! LMAO

[marie1980] 03/2/2020 22:52

But you’ve to admit that here no one dare to compete or reply to dave.

Everyone should agree that he is genuis.

I had a high regard for Badger but no more.

I like Purple but don’t figure it out whether he is genuinely invested here or being childish.

On target and sukhan long term investor but they both stuck here

Sukhan Twitter is all over the place: even dr. Blocked him