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It's also worth reminding everyone of Sareum's other laboratory successes to date. In combo trials with the likes of AstraZeneca's Adavosertib, Merck’s Keytruda & Eli Lilly's Gemcitabine the Sareum science has been successful. All eyes are now on the topline results for SDC-1801. The word game changer springs to mind!
Yes and FOMO is going to kick in the closer we get to the topline data for the P1 trial of SDC-1801. We know that to date SDC-1801 has been highly effective. e.g. it has already demonstrated a profile superior to the anti-inflammatory steroid dexamethasone and similar to the JAK1/JAK2 inhibitor baricitinib. When that data was RNS'd on July 1st 2021 the share price climbed over the next few weeks to over 450p. If we get a similar positive RNS from Oz in the coming days / weeks we should see a significant climb in the Sareum share price. We just need to see the back of RF and then PH.
This means to raise £220k, sells of around 2.3m are needed at the current rate.
So some of the new 3m have already been sold and accounted for. My guess is they the next batch they get will be the exact amount they have already sold to clear the debt. Early next week, presumably.
Trades gone pretty quiet.
It does help to read the original RNS.
The credit comes to SAR at the point of sale, the issue price is not important.
At present there is a WVAP rule (4 days in last 15), and SAR are credited at 10% discount to this irrespective of selling price.
Sad agreed so they will start forward selling todays 3m into next week and get a final tranche of around 2.5m so 5.5m to clear effectively giving them the last 2.5m free & the warrants free, not a bad business for them hey /
Hey Sad, great post, was easy money adding at the ridiculous low prices, good look although I don't think we need it
I wonder how the rest of the afternoon will turn out. A bit slow at the moment, but I think people may rush in towards the end of today, just incase the mother of all RNSs arrives at 7am on Monday morning... GLA!
RNS stating 3,000,000 shares issued.
Most of these already gold l would suggest.
No more 3 million shares to be issued after this current issue.
Very predictable RNS,
Nicely, seemed very concerned for us all about the impending issuance of new shares.
According to one of his posts, he needs 5 pounds to break even, poor sod.
That MAJWandCo thankyou for posting. Have tripled my holding here and took advantage of the WRAP offer.
You knew and know nothing of the science here as you have demonstrated.
Is it just coincidence that MAJW the first and last letters of the CLO a Mr Mark Wheeler are the same.
You get to see him on the golf course along with James Rooke? They both love golf with even the Riverfort CLO commentating on the reduction of his golf handicap.
Maybe you were on the golf course this morning,
All done very nicely.
Regards
Spot on Silverfoil ... 😂😂😂
As we move back into the blue if I could paraphrase Rowan Atkinson and summarise what a lot of serious investors on here might think about MAJ and his ilk “If we might use a gardening simile here, if his entire genre could be likened to a compost heap (and I think they can) then MAJ might possibly be the biggest weed growing out of it. They are the type of people you would emigrate to avoid. Frankly I wouldn’t trust any of them to sit the right way round on a lavatory”
About to go blue
Not read the original RNS since the release but I would assume the value at issue is what reduces the amount owed and not what they sell for.
Let’s get above 30
She can do it then next week game on big time
GLA especially the LTH you deserve it
MAJWandco
Or
Major Wa*ker
Its gonna go blue soon
Thats a massive drop in the balance outstanding to RF, one more tranche and they will be gone
Looks like you might be right x
Why dont you stick to talking about SAR
Ditto Aber, as I said, he’s like a bad smell.
MAJ, I forgot how much you gloated, your like a bad smell hanging around. Jog on.
Has bounce hard today n continue on up beypnd 30
RF are not out yet.. They still have £220k of shares to be sold. Today is this last day (by my calcs) that SAR only receive 9.5p for them. So I expect there will be another big late reported sell on Monday.
But it wont be long. Don't expect any massive rises for a few days!
Let's face it, the price was driven down and the placing price so low because of the financial distress Sareum was placed under by the River Fort deal.
With funding now sorted and 1a results to come, we're in a different place. RF will soon be gone.
Buys are coming in thick and fast!