Tissue Regenix Share Discussion Threads

[theapplefreak] 24/1/2020 16:38

If its to believed that today was Woodies final day to offload then we should see a blue monday and an RNS by Wednesday.
See whats in the news over the weekend.
Enjoy all :)

[the stigologist] 24/1/2020 15:57

Entire stock been turned over in last few weeks

Somewhere within that you'd hope its churned into stronger hands who understand the potential

[theapplefreak] 24/1/2020 14:47

Haha I think youre pirate!

Buys still appearing as Sells...

[theapplefreak] 24/1/2020 12:48

You said that what, a week or 2 ago.
Doesn't seem to have moved....

[costax1654x] 24/1/2020 12:28

Keep an eye on Orm it might do a bagger in few days!Based on Cash

[monster500] 24/1/2020 11:57

New dummy sell tried for all my holding here 2.6 mil. @1.21. And they want them all. They need your shares :)

[the stigologist] 24/1/2020 11:23

The overhang ending will see stock spike straight up.

There might be second spike on RNS confirming it.

No reason for this to trade sub NAV.

Sitting duck for predators. This technology is super valuable. $200m of sales potential in osteobiologics

3p is NAV

Takeout would be at premium to NAV.

Of course wouldn't need to sell whole business. Sell off one division at above NAV will make point that market is undervaluing the whole.

Not been here as long as others. Could the JV partner buy in the JV interest ?

[herb clark] 24/1/2020 11:22

Buys showing as sells

[theapplefreak] 24/1/2020 11:15

Nice move this morning back in the right direction.
Either people have came to their senses, or all the weak hands finally left!
Or course link may have finished.

Who knows, at least its blue!

[herb clark] 24/1/2020 10:20

1.20 to buy and sell

[the stigologist] 24/1/2020 10:14

100% likelihood of recapitalisation
with I'd guess disaggregated likelihoods of...
12.5% takeover
25% disposals/divestment
50% placing
50% rights issue
100% cash management/cash generation

[herb clark] 24/1/2020 10:06

How likely is a placing in the next few months?

[the stigologist] 24/1/2020 09:52

Buy when others are fearful

[charlesjames1] 24/1/2020 09:37

Still can’t bring myself to buy. Not because the Stig isn’t correct but rather AIM is broken and no one has a clue what it will do. Shame. Used to be good to be in AIM ten years ago.

[justincase999] 24/1/2020 09:15

the stigologist - share price is now 1.15p. Bought some yesterday at 1.20p. Should I be happy now?

[the stigologist] 24/1/2020 08:43

This is and remains my position.

Bought more. Happy to buy from the stupid/desperate.

We knew they were looking at 'recapitalisation' (that can be via placing, rights issue, disposals/divestments) but they've already demonstrated they can expand cash runway in meantime whilst they consider best options

From 'at least to end of March' to 'at least to end of April'

That is a full 3 months which gives plenty of time for more
-cash management, cash generation etc
-disposals/divestments
-placing / rights issue (I have stated my preference for a rights issue as it gives holder pre-emption rights to the clear and evident mega upside)

With 3 months cash runway they can leave the worst of those recapitalisation options (placing) to March. Right Issue might require a bit more time to arrange, get documentation sent out etc.

Either way

TRX is only at 1.2p because of Woodford overhang

NAV/share is 3p+

Typically in growth industries and market-leading Companies tend to trade at premia to NAV because that is what a new entrant would have to pay to replicate that position

So we should be looking at a share price of 6p+

The fact the Chairman John Samuel bought at 10p is a further signal that value is SIGNIFICANTLY in excess of 1.2p here

[dudishes] 24/1/2020 05:14

Stig, yet again, you got it wrong, call it a day!

cheers

Your mate

[nxc] 23/1/2020 18:41

Perhaps if the TRX Board were that clever they would be asking for it.

[bmdyson1] 23/1/2020 18:04

I’m u

[nxc] 23/1/2020 17:11

Completely unnecessary response - I have been there in not dis-similar situations and I suggest that taking on additional debt at this stage would be foolhardy - a placing is the most straightforward way of recapitalising the company - the funds may come from a trade investor or a combination of institutional and retail investors ( Avacta's recent placing is a good example of what can be achieved). I am not carping or suggesting the Board lead an extravagant lifestyle - what I would question is the validity of taking on venture debt in a Company such as TRX - I can imagine the discussions that would have taken place at the time vis a vis dilution - all I would say is that taking on debt in such early stage companies is fraught with danger and best avoided as in essence you can end up betting the farm and the ultimate losers are the Shareholders. I have huge sympathy for the Board in terms of their inability to communicate with the clarity we all want - they are damned if they do and damned if they do not - the rules are such that communications on funding are limited. It would not surprise me if they are having "strategic" discussions with potential acquirers for all or part of the business - I certainly would be if I was at the helm.