Tissue Regenix Share Discussion Threads

[chinadog3] 01/4/2020 12:23

The fat lady has not sung

[cerrito] 30/3/2020 10:50

I have decided to take my losses on the chin. As I am a new boy here and did not have all that much the losses are manageable. Great that San Antonio working and they have no problems finding buyers and that the runway has been extended from the end of March as it was a few months ago to the middle of May. That said, the situation in the US seems to be deteriorating quickly and one has to ask oneself what the position will be in a month from now. My greater concern is that they need to raise approx £5m ie US$6m to cover cash flow deficits and put them on a decent financial footing, That would mean doubling the shares in issue. The situation is not helped by their weak shareholder base, the weak sterling against the dollar and the fact that it may well be that Midcap( of whom I know nothing) will presumably take no prisoners in defending their position.

[monster500] 30/3/2020 08:27

In the company statement today.San Antonio facility remains fully operational with no material impact on processing!!! (positive ) They have extended from April to the middle of May their concerns about working capital ( positive). They have more demand for there product. (Positive). Looks like a move in the right direction :)

[tvh123] 30/3/2020 08:22

The behaviour by the Board is appalling - they have had months to raise cash via a placing / open offer. Now this option is off the table given the level of dilution. The potential investors have no reason to get on board now - they could very easily pick up the carcass for next to nothing in a couple of months time.

[channel pirate] 30/3/2020 07:55

This is coming across as it is being worked to "an agenda". Shareholders get nothing and the company is sold off to the likes of a private equity group for peanuts, and the top brass here get a big thankyou. Maybe I am not awake properly, but does not sound so good for the shareholders. Let's hope I am entirely wrong.

[chinadog3] 30/3/2020 07:38

discussions .. near term future.. no mention of Government funding...promising methinks

[fatgreek] 29/3/2020 22:30

What price will the placing be 0.25?

[chinadog3] 25/3/2020 21:03

any alternative funding anyone?

[channel pirate] 20/3/2020 10:54

The Stig- Could well be, as he didn't do the share price any good when he announced : "The Company continues to experience significant constraints on its working capital however the Board believes that the available cash runway will continue to support the working capital requirement of the Company until the end of April 2020. As a result of this, as previously announced, the Board is seeking to secure alternative funding in the near future which may or may not be forthcoming." Anyway, the Market looks to have liked today's RNS announcement, so let's hope we have now "turned that corner" and we get a bit more upward momentum when the new funding arrangements are announced soon !!

[stoneme] 20/3/2020 08:20

Or terms of new money required a change of approach which he was unwilling to sign up to . There are multiple reasons. Mostly positive IMO.

[the stigologist] 20/3/2020 07:22

Extremely odd. Stepping down because Board wouldn't back him? Or to mount LBO?

[monster500] 13/3/2020 13:35

Thank you for the update :)

[channel pirate] 13/3/2020 13:23

Hi monster, they were 7th June last year

[monster500] 13/3/2020 13:13

Any idea when annual results are? :)

[chinadog3] 11/3/2020 16:36

How is alternative funding going, and are tranches 2&3 of the existing facility still available in any event? Has the newly leased building adjacent to the existing facility been refitted yet? The future here looks bright and the share price way too low but how about an update?

[channel pirate] 11/3/2020 11:14

I wasn't going to buy anymore as already have a few million, but couldn't resist another few on the dip this morning (125,000 @ 0.8399p)

[holdingtight] 11/3/2020 09:53

Wipe out - frustrating times.

[monster500] 10/3/2020 08:29

We are UP! Only one this time. :). But we are /\ not \/ down. :)

[channel pirate] 09/3/2020 23:04

monster500, you didn't shout enough up,up's obviously, so here's a few more - UP, UP, UP, and UP, hope this helps !!

[monster500] 05/3/2020 13:01

Price drops then massive buys arrive. Someone knows something. Up, up and away. :)

[monster500] 04/3/2020 11:40

Up again, good start this morning. News should be soon. :)