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Lets set up a gofund page for the brainboxes amongst us, be good to get a full 100% discolsure of whats said and maybe pin Tim and co down as others have said, I'd pay in for that
Not wealthy by any stretch, but another 63k to round the numbers.
If a wealthy individual missed the party at 10p the putting a 6 figure bet on at 23p this close to newscoukd be seen as almost a dead cert. Without any reported volume it's hard to work out what is going on.
Giving that the BID has dropped to .23 albeit with dummy trades showing .2361 to sell
I’m working on the assumption that some of these shares have already been pre sold hopefully all.
KR
ZA
Thanks for the reply, Potnak. Maybe one of the big players is scooping them up and we'll see a TR1.
I just have the feeling it's all a bit quiet, too quiet.
The volume has been really low for the last 2 days so maybe the haven't sold any yet? Unless it is one big transaction? Mm's can hide buys and sells whilst the transaction is still ongoing but I think they have to balance the books within a set amount of time. Basically, I dunno it seems a bit weird. Maybe there is a great demand to forward sell? This is broker to broker type stuff.
With RF's final shares being admitted to the market on Monday 13th, has anyone seen anything to suggest they're already forward sold? I don't have access to L2 so not sure if that would show anything relevant regarding this.
If they've not already sold the shares, might we see one final sp drop next week prior to any news?
Bit of a catch 22 here Mafuta.
We want access to Tim because we are not flush with cash (IE we've dropped 80-90%)
But I need cash to be able to see him.
What a dilemma.
@Ben: $2900 for premier access and $1800 for general access ... feeling flush? LH&K Mafuta
How much does attending BIO cost? Think we've worked out how to get time with our CEO ;)
Attending BIO 2024? Click below to send Tim Mitchell, Sareum's CEO, a meeting request in the BIO partnering system #BIO2024
https://lnkd.in/eXGWP_cn
It appears Tim will be attending #bio2024 I might be wrong but was it not Parker who attended previous Annual bio meet ups? I might be thinking of something else to do with a different conference.
Really low volume today. Maybe the Mm's are working one big trade for RF? If they are selling, we should see some chunky trades this afternoon, these will be the buys and then an afterhours corresponding trade for the sell. Bit different to the usual RF MO though. Could be a transfer from RF to an anonymous HNWI? What does level 2 tell us? Anyone?
On a quick break between meetings. Fantastic news yesterday that RF are now out barring their final stack of warrants, which will hopefully clear this week. Looks like we are now at the bottom, IMHO as soon as those warrants are cleared the SP is going to start rising. Picking the exact bottom is going to be difficult, it might drop by possibly 10% but as soon as we are clear of RF I think it will rise into the 30's quickly (and that's without news).
I will look to top up (probably tomorrow or Friday) as soon as I have a gap in work meetings/ travelling etc.
Hopefully RF aren't cleared before then.
Happy days!!!
AIMHO DYOR
Elcap
COME ON SAR!!!!!
Whilst the market disposes of the exercised warrants there is likely to be a slow decline in sp before picking up again as buying outweighs selling again. Hopefully will clear and pick up again next week. All good though and not too long before we get back into the 30’s
Interesting read Nov 23 in link below.
https://synapse.patsnap.com/blog/what-are-chk1-inhibitors-and-how-do-you-quickly-get-the-latest-development-progress
Vet pertinent and easily over looked regarding 1801.
'Preliminary blinded safety, tolerability and pharmacokinetics data from the trial indicate a favourable profile and support once daily oral dosing of patients.
· These preliminary results indicate that SDC-1801 has the potential to achieve therapeutically effective dose levels with no serious adverse events.'
Note it does not say little to no serious adverse events, but no adverse events.
Attention to detail is paying off.
Effectively, what limits the effectiveness of a drug is its safety profile, the effectiveness is limited by dose tolerance.
Safety is of the upmost importance and if not adequate will be counter productive to the benefits of efficacy.
'In preclinical the compound was tested at over 30 times treatment dose with no observed adverse events.
Phase 1 a completed biomarker and PK data results to indicate areas of potential best treatment.
A lot of attention to detail gone in to getting the compound right.
I expect them to forward sell during the week and there should be enough buyers to mop up those shares. RF will then be fully out of the picture and the sp might begin to climb steadily on anticipation of P1a results.
Once news hits there will be many short termers or traders selling out to make a quick buck plus a few LTHs who took part in the WRAP taking some profit but knowing greater things may lie ahead. Dependant on what the next news actually is, the sp will surge or tread water pending something more substantial from the BoD e.g. excellent trial results would be good, a partnership or on-license would be better news etc.
What are the thoughts on share price movement given RF is formally out though they have options to sell ?
Hi Lucain - before the inevitable cheaper generic versions appear, do the large pharmas just shrug and sit back saying, "well, we had a good run, didn't we?", or do they look to acquire the latest blockbuster drug in order to protect their profits?
The pharma world is an arms race. Your competitors may now have access to lots of cheap machine guns but you've just invested in stealth bombers.
Nobody suggested the J&J psoriasis treatment would be withdrawn
However, how will J&J replace the revenue lost when the treatment will become generic due to patent expiry?
Just because the J&J psoriasis treatment is coming off patent, it doesn't mean the treatment is withdrawn. It will just be cheaper, as generic versions come on the market.
Maybe the IR post was suspended/cancelled as part of cost cutting exercise to conserve cash.
It looks as if RF could be out ahead of the BIO conference and trial update. I see this as hugely positive as there would be very little impediment to a strong sp recovery. Profit taking will be a bit of a drag though but demand for shares may be quite considerable.
Lets hope so, I will never understand the route taken by the BoD and it's reasoning - perhaps, one day they may explain!
As I've previously mentioned, a "Wall of Silence" from the BoD and not explanatory comments added to the recent RNS's issued and again Laura Williamson not noted - all very intriguing!
That all said, let's hope the next RNS is a very positive update on data and a pathway forward - in the meantime, I have no care what RiverFort do with their shares as they are no longer an influence over us shareholders.
GLA
Riverfort over in Mast I see.