Renalytix Share Discussion Threads

[babbler] 04/3/2024 08:14

Thanks. Yup. Great stuff. Was high risk due to funding but as ever things change.

[genierub] 04/3/2024 08:07

Babbler called this last week. Well done. And now we have a full takeover.

Again, this was 1000p and now sits at 65p with USA NASDAQ ticker yet to open!

Grab your golden tickets. Every sell at 60p being bought immediately due to low stock. Going one way.

Level 2 is already sat on 70s.

Wait for the early profit takers to exit and watch this soar.

GLA

[babbler] 04/3/2024 08:06

Yup. Gap to 85

[wan] 04/3/2024 08:05

As of Friday, There was a relatively large short position , so that will surely be wound down/cancelled, and will surely play a part in the rerating.

In any case, it looks like Renalytix is at a major inflection point!

[genierub] 04/3/2024 08:02

And there she goes. Impossible to buy large amounts. Really keen to see how USA responds to this.

[babbler] 04/3/2024 07:55

Shorters from last week will be margin called today.

[babbler] 04/3/2024 07:46

Yup uk is like "meh who cares". USA be like "get on the rocket ship asap" "billion dollar opportunity" lol.

[genierub] 04/3/2024 07:46

Was 1001p in 2021 and 45p today.

USA was over 60p last week. I think we are going to see fireworks today especially with NASDAQ not open yet. Wouldn't be surprised to see this do 200-300%. It managed to do over 200% just two weeks back.

A full takeover is massive news for RENX

[angus17] 04/3/2024 07:42

I reckon this has been on the cards for some time now. Would explain why they haven't utilised recent spikes to raise any new funding. UK market will be muted no doubt so there will be time to get in before US opens and the fun and games really start at 2.30pm

[mirabeau] 04/3/2024 07:31

sell into the spike and take the cash

[collywobbler] 04/3/2024 07:28

Well you’ll be buying this morning then lol

[mortal1ty] 04/3/2024 07:12

Seen this so many times before.

Compnay on its last legs, and needing capital.

Vague bid spec, followed by formal sales process.

Bid rarely comes. Sometimes if it does come it is at a price well below the current price.

If it doesn't come emergency funding needed and business collapses.

[1jat] 29/2/2024 19:37

The mad meme stockers are back.
There has to be some announcement soon - it is raise cash or go bust time…..and they have to have more than one source otherwise they can be screwed big time.

[melody9999] 29/2/2024 18:00

remember yanks are flush atm - after all their market is strong. most of the rise came after US opened

[angus17] 29/2/2024 15:52

surely they must have things in place re. fund raise, to hit this current spike.

[1jat] 29/2/2024 15:45

If they do go for a placing, they need to make sure it is large enough with 18m-2yrs cash flows needed….

[pre] 29/2/2024 09:42

indeed, cash burn albeit low than previous is too high imv, they'll need funds shortly so placing on the cards

[beatme1] 29/2/2024 09:36

Placing commeth

[sandeep67] 29/2/2024 08:51

Ripe for big placing now that investors will be sucked in.

[mr roper] 29/2/2024 08:50

More absolute fluff. They need a deep pocketed partner ASAP.
No point expanding the Gov coverage without it. They've had a contract with the VA since 2021...Burnt 3 years of it going absolutely nowhere.

Partner or acquirer required by end of March or the co is in trouble.

[someuwin] 29/2/2024 08:14

Very good news.

[babbler] 29/2/2024 07:57

USA will love that news.

[red171] 21/2/2024 16:28

Y, good bye pump squad for the time being.

They'll be back if there is any sales delivery, or understanding of any dynamic shown - like a convincing choice & plan of focal area between Illinois, Texas or NC/VA/SC or more realistically NY/NJ & Conn or if there is any sale into VA, expect them back.

Their track record of over promising & over speculating on HOW sales might happen terms is hard to shake off without sales outside their fans in Mt Sinai.

Let's wait for the conference call. It has never had its announcement delayed beyond the revelation of results, can they be hoping to tie it in with announcing a capital raise? In a way, it is good news to have to wait for a date as it suggests the next news won't be delisting though lets not rule that out as an option being discussed despite a statement from Mills.

[digger18] 16/2/2024 16:18

Can we read anything into the statement about the upcoming conference call to discuss financials and “other events” ?
Going bust being one of them, or possibly a partnership and raise? We can only hope that a major company likes the product!

[firestarter1] 16/2/2024 10:35

Looks like the pump squad have run off