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I wouldn't hold your breath. It'll be what we already know but said slowly like when the English talk to foreigners.
Potnak - I hope you are right and I hope that any RNS includes substantive news that lifts the sp significantly.
RNS. As RMM states. SAR will want to head this action off. They read this board so know the details. I reacon well get an RNS dressed up as an update.
Quite. But it passes the time....
RMM - ok so actually pure speculation!
Potnak thinks the new advisors might be preparing something because some of us have been getting a bit agitated/mutinous on this board!
Where has the expectation of an RNS originated?
Potnak/Ajithoth - If we get a RNS this week (or more likely next week because the BoD will have to sign off anything the new advisors propose) then it will give me some comfort that the company office at least still has the lights on! Anybody know when the peer reviewed paper on Tyk2 is due to be released?
Bonkers time is more appropriate
good post Potnak.
After thinking about this for the last few weeks I'm now not so sure a mutiny is in our best interests.
Although the SP has taken a complete battering I still think Sar are sticking to their timescales. It would be great if they were singing from the rooftops too but they don't do that since the infamous speeding ticket.
Some good points RMM but, what's the point of this action. Is it to punish Parker for the lack of Institutional Investors. We know the data is being readied to publish for peer review. SAR are doing exactly what you said they should do. This board has set timescales that they now want SAR stick to. SAR have always been clear on timescales and your predicted 6 to 12 months of turmoil fits into their time frame. So what's the point? If Parker really has done nothing, then he needs to go but this action is being led by the posters who've been banging on about imminent deals and 28p valuations for years. At least since 2016. This is like the out of the EU at any cost rhetoric. You might feel like you've won but not really. Like I said, I think the new advisors will be drafting a statement for release this week. If Parker does go without his options, it means we aren't in negotiations with anyone. Then the **** really will really hit the fan.
Being prepared: A growing number of PI’s are joining the thrust to get value out of SAR in the absence of any concrete evidence that the BoD are working to deliver a ‘significant’ return. Before anyone gets in with a scare story or an ‘I told you so…’ I’m going to lay out what I think might happen and why I am prepared for it. And this is all IMHO. The BoD will not like us interfering and will try to shut down the debate without revealing any new information and with no recovery in the SP. As a first step we will then most probably move, as Thoth proposes, to remove the Chairman in the absence of any evidence that he remains pivotal to the business. The MM’s, who do not like uncertainty will punish the SP at which point this board will become rife with ‘you idiots’, ‘how could we be so stupid’ ' etc. Some will panic and sell while others will hold because they are so far under water they may as well see it out to the bitter end and who knows….. it might come good. Meanwhile Tim and John and the remaining NED’s will fight a rearguard action to prolong the status quo. In fact they may even offer up the Chairman’s head in an effort to hold us off. Don’t be surprised if Parker becomes a NED, retains his options etc and a new Chairman comes in to replace him (see SLN for reference). Many here hope that the lack of news is down to a NDA and discussions are well underway etc. As I’ve stated before such NDA’s don’t preclude releasing information unrelated to a deal and SAR have plenty that falls into this category (Thoth has already posted a shopping list). You don’t take the product out of the shop window until it’s sold and even if someone is interested in buying it you don’t stop telling people about the products benefits, availability etc. I believe we should be prepared for 6-12 months of turmoil before value is recovered (assuming we haven’t been completely duped by the BoD). In the BoD’s position I would be working hard to head us off at the pass. So far they seem oblivious or content to call our bluff. For those who see the potential its going to be a real roller coaster of a ride. For those without the stomach for it there is going to be a short period while you consider your investment (and I’m not advising anyone either way). GLA. I’m here for the long term but I’m not sitting idly by.