Renalytix Share Discussion Threads

[babbler] 15/2/2024 10:45

You don't need to wait for 1430. It's down 28% pre market there.

[latifs100] 15/2/2024 10:38

waiting for usa reaction, at 2.30

[firestarter1] 15/2/2024 08:34

Pumpers buying at 70p got smashed

[mortal1ty] 15/2/2024 08:32

This product has been on the market for a long time now. I appreciate it takes time to sort out insurance etc but to only be doing this amount of sales is pathetic. That s why they won't get funding. 20 million is not a small amount to raise from a small cap funds.

[angus17] 15/2/2024 08:27

They have known about the funding issue for months and months. if they haven't sourced funding by now then deserve to fail. With the potential of this product and the market etc etc how can they not get funding. I reckon the deal is in the bag. lets roll the dice and see.

[genierub] 15/2/2024 08:24

Recover your losses in SALT.

Just gone parabolic at 100p.

PARTNERED WITH AGI!!!!

[babbler] 15/2/2024 08:13

As I said.... Hope you all sold the meme ramp last few days. Doesn't matter if in higher you sell ramps to rebuy when ramps end.

[mortal1ty] 15/2/2024 08:12

oh yeh, good point. So they effectively won't be able to pay salaries in a few weeks.

[homebrewruss] 15/2/2024 08:00

Wasn't it 2 months of cash left at the end of December?
Even less now?

[mr roper] 15/2/2024 07:48

That is not a great report. Sales revenue is terrible.

[mortal1ty] 15/2/2024 07:31

So 2 months maximum of cash left...

[mortal1ty] 15/2/2024 07:29

This needs a 50% dilution just to survive another year lol.

[babbler] 15/2/2024 07:13

Cash and cash equivalents totaled $5.6 million as of December 31, 2023. Administrative expenses for the six months ended December 31, 2023 were $18.4 millionHmmm

[mr roper] 14/2/2024 13:14

Sales are the key. If they cant get significant sales growth at Mt Sinai..they will not be able to do it elsewhere without a partner with a)deep.pocketa and b) an existing sales network.

As for cash..they must be operating on fumes. A raise is coming. BTIG probably helping them out with that.

[1jat] 14/2/2024 10:42

Where is this heading?

The recent bounce implies there may be a future for the company, The prospects were bleak with Chapter 11 insolvency likely and this is still the default position if no new cash is raised.

So the future is:
1 insolvency
2 a sale/takeover
3 some funding is obtained
3a the company limps along but the sales fail to materialise and we go back to square 1
3b sufficient funds are raised to enable the company to reach profitability! And there is commercial success

For current shareholders a takeover is immediately the best option although it does mean giving up on 3b (however illusory that future might be.

[zen12] 14/2/2024 07:59

US bounce $1.41 close up 6%!

[waltzing] 13/2/2024 23:55

How many shares did you get for £10.70 ?

[toffeeman] 13/2/2024 17:41

>>pilkers me too

[pilkersa] 13/2/2024 16:59

I paid £10.70 for mine back in 2021!

[zen12] 13/2/2024 16:59

You dermapers always looking for a raise lol...news will come first!

[tomavery19] 13/2/2024 16:53

Bod would be silly not to raiseat this inflated price

[babbler] 13/2/2024 15:03

Someone paid 71 today lol..Mad

[mally6] 13/2/2024 15:03

Daft idiots buying this with no news