Renalytix Share Discussion Threads

[ny boy] 12/2/2024 16:38

Pump before the cash call

[babbler] 12/2/2024 16:24

Halted down. I'd be running for the hills in in for sure.

[parvez] 12/2/2024 16:15

delayed reaction with US folks having had the weekend to look it it I guess.

[babbler] 12/2/2024 16:03

USA pump on the USA listed version. Meme of the day there.

[sigora] 12/2/2024 15:56

why the rise ?

[f56] 19/1/2024 13:12

Not much cash left.

Fund raising required imminently.

Not the clearest situation is it?

[az4hr] 17/1/2024 18:29

so how much cash do they have left ?
is there any funding concerns here ?

[babbler] 10/1/2024 07:58

Nice news today.

[f56] 03/1/2024 19:38

I think it might have been one kit!

[tradertrev] 27/12/2023 19:05

Somebody must have heard that they've sold a couple of testing kits!

[jonjoalex] 27/12/2023 13:36

I only need a 6500% increase to b/e Cmon !

[donmac101] 27/12/2023 08:04

21p on nasdaq bit of arbitrage here.

[jonjoalex] 21/12/2023 17:40

So many spivs involved in AIM

[yasx] 20/12/2023 14:15

Anything with Mills is an avoid I say.

[f56] 19/12/2023 19:45

Renx is trying desperately to get to grips with its debt load. It has just issued new shares to pay off existing debt to the tune of 1 million. It is not clear whether new or existing shareholders will benefit in any way from the issue of the new shares.

[f56] 12/12/2023 18:37

There should ideally be a market for testing but there is also a clear resistance from the public from actually being tested. The insurance companies simultaneously want testing prices brought down significantly from their highs. The testing market needs to be worked out first before things can be settled.

[red171] 12/12/2023 15:31

There is nearly no confidence in the Directors left & quite rightly so.

The share price would jump at ANY slightest sign of delivery, perhaps even up to 30p or 40p, but they are up against having failed in any of the expectations set in the past. Hot air has funded FDA approval, coverage wins, clear & concentrated focus on achieving majority coverage in Illinois & the VA for a year or two followed by dropping mention of both & Texas becoming the new IL now. & in the background the directors are secure.

The prospect of being taken private hangs heavily over it all - if their promises could not have been effectively an ill-informed ruse that financed intangibles so far it would be better but it can't be ruled out.

The John Hopkins man, Chirag Parikh, stepped down from his role as independent No n-Executive Director of Renalytix with immediate effect having been appointed 4 years ago on "compensation" of >$85k pa. Is that bad news! Could he have scruples over association over what they may be planning or is he just a saving overdue for the plan to make money in NY/WF/TX/IL/VA/or anywhere else?

How could they sound so lame over the hold up in payment in NY - why would they be happy to store up $250k in releasable provision against revenue to next quarter? How can they be so secure if they haven't got a back up plan?

: (((

[jonjoalex] 11/12/2023 19:33

Looks like it’s game over for RENX !

[f56] 06/12/2023 18:50

Saying that I’m not sure what it will be yet - a soft or a hard landing!

[f56] 06/12/2023 18:39

With a recession flagged it seems pointless raising money in the short term. Best to ride out a potential recession first before raising money.

[jonjoalex] 06/12/2023 13:57

From £12 to 16p - astonishing!

[hpcg] 06/12/2023 13:11

At some point someone has to pay actual cash money for the product. Presumably this is not happening, which means there is no point carrying on.

[yasx] 06/12/2023 12:54

Has the Co. essentially thrown in the towel - it seems there is little ability to raise cash now and it appears the game is up. But, why on earth did they not try to raise earlier his year, even at a heavy discount, since they must have known they had no other alternative....

It almost seems deliberate.