Anyone else invested in TRX? Interested in your opinions

Gin_and_Milk

I started investing in TRX at the back end of last year, and currently have approx 3k invested, which is currently running at a loss.  My average is 1.1p.  Whilst I am tempted to invest more, I'm also mindful of their current financial situation, particularly in this current crisis, despite the fact that they have just received 2 US government funded loans, the terms of which are very favourable, and has extended their runway until August.  Demand for their product remains high and does not appear to be affected by the crisis (at the moment).  I have an even smaller amount invested in ITM, which is doing well, and over the last few months, I've been top slicing into TRX.
I'm not after advice, just interested in other people's opinions.  The amount invested (in both) is an amount I can write off, and is not part of any pension.
Anyone else invested in this share?
Thanks

bowlhead99

I'm not invested, but you'll probably find relatively few people are, as it's only a £9m market cap company. I suppose how much of a loss you currently have depends whether you invested before or after they had to announce in November that they'd breached the covenants on their loans.  The free government money is a lifeline that will help them avoid running out of cash over the next few months as it will cover some costs, but the level of revenue and quantum of total costs over the COVID lockdown is uncertain.  Once the handout runs out, the options will be to shut it all down, sell it off to someone for a dollar, or perhaps to go back to investors and the capital markets with their begging bowl out for a hugely discounted and dilutive fundraising, give shares to the lenders in exchange for converting debt, etc etc

Still, like with any failing microcap biotech stock that's never made a profit, if it doesn't all go titsup you could get a nice return.

Gin_and_Milk

By means of compromise (to myself), I topsliced £300 from ITM.  I don't want to get caught into chasing averages down, but it has brought it down to 1.06p.
Bowlhead - It was after November when I started.

EdGasketTheSecond

Not invested but they look like your typical AIM wealth destroyer; long on hope and short on profit. It's a loss-making company so expect placings, dillutions, and consolidations. To see how these things go take a look at VAL.