News and commentary

ReGen Therapeutics Regenerating?

By Vivian Lewis
Updated: Monday, October 13 2008 01:10:PM

      Regen Therapeutics plc reported various new shareholders had taken stakes in the company, which is in the process of splitting its shares into more shares (after earlier doing a reverse split.) Because of this I will report on the basis of percentages rather than the number of shares which is about 13 million total outstand pre 2:1 split.

  REGUF reported that 4% of its stock has beena cquired by Headstart Global Fund and another 4% by Headstart Global Aggressive Fund. I have no idea who these are. Barclays, the British bank, has now pushed its shareholding in ReGen to over 5%. And the existing supporters, Mr. Andrew Clement Wilson of Belfast, with 15% of the total out, and two entities controlled by Tigran Kalaydjan, with 3.54%, continue to own that proportion of shares post-split. So just under a third of the stock of this British developer of nutraceuticals like Colostrinin (now being launched in Cyprus and Australia) and an old drug which may help some seemingly brain-dead patients, is closely held by big boys.

   I am not sure if the BARC stake is for investment or for some British rule related to the ReGen's London listing. It also has a very illiquid ADR.