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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Reneuron Group Plc | LSE:RENE | London | Ordinary Share | GB00BF5G6K95 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 3.05 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Pharmaceutical Preparations | 530k | -5.41M | -0.0946 | -0.32 | 1.74M |
Date | Subject | Author | Discuss |
---|---|---|---|
09/5/2024 19:50 | Who knows - doing their darndest I'm sure but unlikely to be enough for shareholders. | nigelpm | |
09/5/2024 18:20 | from 5th February statement The Group also noted in the Interim Results that as at 30 September 2023, the Group had cash, cash equivalents and bank deposits of £5.1 million and that the Group's latest internal projections (assuming no new revenues or funding) meant there was a cash runway to April 2024, ahead of which point further revenues and/or a capital injection would be required. £5m cash as of 30th September Cash Runway to April 2024 (I'd guess they had 3 months cash left) so cash burn of c.£0.7m a month ? If they managed to place the Operating Companies into administrations maybe there is some cash left over after meeting Liabilities and perhaps enough to justify the Company continuing in a solvent manner whilst disposing of any assets over a more extended period without the need for complete fire-sale ? Given the Company had spent c.£100m on its IP over the years one would hope something is salvageable or resuscitatable ? | thiopia | |
08/5/2024 12:15 | Update could have been worse but I wouldn't hold much hope | nigelpm | |
08/5/2024 12:12 | As a shareholder, I'll add further equity if the targets and the terms are right. Exosomes have a bright future. | small crow | |
08/5/2024 07:43 | Since the commencement of administration process, the Joint Administrators, alongside the Board of the Company, have been assessing a number of possible options, including the possible recapitalisation of the business by way of an equity fundraise, as well as the potential sale of the operating subsidiary of the Group or its assets on a piecemeal basis. The Board has prepared a revised business plan which would enable the Group to continue to progress the development of its exosome platform on a lower cost base should it be able to secure an equity fundraise. As part of this, and in order to preserve value for creditors, the Joint Administrators are undertaking a cost rationalisation which has included, inter alia, the redundancy of several of the Group's employees as well as other cost cutting measures. Certain members of key Senior Management, including Iain Ross (Executive Chairman) and Randolph Corteling (Chief Scientific Officer) have remained with the business and continue to support the administrators. A further update on the Administration Process will be made when appropriate. | thiopia | |
21/3/2024 10:36 | "Class - yer can't buy it" Paul Calf | small crow | |
20/3/2024 15:46 | Excellent news. Another 6 months or more of back and for announcements to keep this listed for us spreadbet punters. Notwithstanding the appointment of administrators, the Company is still in negotiations regarding a potential number of corporate actions including raising additional equity financing and/or securing a financing facility and/or entering into M&A discussions and/or realising value in certain of the Group's physical and intellectual assets. However, there is no guarantee that such negotiations will successfully conclude, and should they not, any residual value to transpire from the administration process will be distributed to the agreed creditors and, should funds permit, the Company's shareholders with the Company being dissolved thereafter. | luckyabbeygale | |
20/3/2024 14:22 | Ninja 19 28 Feb '13 - 09:13 - 1 of 250 0 0 0 The buy buy buy switch has been activated. Either you are with us for the gold or stay behind like a muppet. The choice is yours. First target is 10p+ >>>>> 🤣🤣 | papillon | |
20/3/2024 13:03 | Just googled it and it can take up to a year for this process. Therefore Rene will continue to show its last trading price for up to a year and then the delisting will happen. | luckyabbeygale | |
20/3/2024 12:55 | It's good news for spread bets. As it will be another 6 months before the share price will be confirmed as 0. | luckyabbeygale | |
14/3/2024 15:27 | I still hoping the last price counts for spread bets on limited risk. As it will be against the law for them to go to 0. As its like ig index have issued a debt against me that will be taken out of my Oriole position. If they do take it out I will be going straight to the FCA since I will be seeking compensation. | luckyabbeygale | |
01/3/2024 20:21 | I mean forever at the last price. | luckyabbeygale | |
01/3/2024 20:20 | I think since spread bets have their losses insured incase of a 0 suspension. They will just stay forever at 0 or it would put me off having other shares in that account. | luckyabbeygale | |
01/3/2024 20:18 | Plenty of time till this is actually becomes a 0. | luckyabbeygale | |
01/3/2024 20:03 | Just a formality I think but also a near certainty it is going into admin. | nigelpm | |
01/3/2024 10:48 | Still months left for this to be declared as a 0. I am using my CFD account again since I believe I have at least 4 weeks until it starts getting risky. As RENE at 0 will destroy it. | luckyabbeygale | |
01/3/2024 10:38 | I assume today's RNS is a precursor to the going into administration notice. | digger2779 | |
06/2/2024 12:18 | If they have a technical insolvency it can go into administration and then a buyer can pick up the IP for peanuts and move it into a new company, possibly with the original board and screw over both creditors and shareholders. That's what I would do if success was imminent...and I was a C*nt. | masingi | |
06/2/2024 11:54 | Thankyou. My Redrock was up about 3 grand. I am tempted to just let it all ride for the result of the court case. As if they win the reward maybe my highest ever gain that I have made on a share. I do wonder if spreadbets get any benefit if Rene go bust and end up going up 500% as a cash shell. | luckyabbeygale | |
06/2/2024 11:42 | Well done on Redrock. Pleased to see some winning there.I bought some SML following last RNS and that's been doing well too. | parob | |
06/2/2024 11:35 | Well if last of cash pays off redundancy etc etc then surely at £2 mil market cap they can sell business and return something...what about the cash shell route...I've had a stock go bust then return as a shell and do 500%...early stage bios have stacks of tax losses so it could be approached as a shell | dave4545 | |
06/2/2024 11:19 | In hindsight I should of escaped from my cfd account future losses on Rene by putting it all into redrock during the time I topped up on redrock at 0.095p using some share deal funds. As redrock is in a court case for 8.5m and if they win they will use that money to fight glencore for 200m after fees. | luckyabbeygale | |
06/2/2024 07:43 | It was always fusion antibodies the one with all the cash. I have 7 grand in them. This Rene loss delay is at least letting me build my pot back up. | luckyabbeygale |
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