Renalytix Takeover Rumours (RENX)

this company could do a GWP...following same scenario..multi billion takeover soon

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.