Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc. Watch the full video here.
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Makes me laugh, I bought in at a high, I need £5 just to break even, yet people on this board were getting me band for saying I bought in too high and that I bought in on a spike and would never get my money back, its you people who should be band for not allowing people to give their opinion. This looks like its going bust or being bought out at a very low price.
They’ve chosen to raise at a higher price rather than raise as much as they needed at a lower price. Another poor financial decision.
They spent £2.5m last year. Had £400K at 31/12/23 so running on fumes now. They’ll probably have to raise again this year.
Definitely is Surfie - get stuck in yourself! Opportunity to make money
Not unexpected. I feared a lower placing price, to be fair.
And there we have it.... 3 RNS's in a row. Is this going to be another good day to "top up" Sog and Lazarus?
10p placing. Hang your heads in shame SAR Bod.
Sareum Holdings plc (AIM: SAR), a clinical-stage biotechnology company developing next-generation kinase inhibitors for autoimmune disease and cancer, announces that it has completed a conditional fundraise of up to £1.5 million (before expenses), via the issue of a total of up to 15,000,000 new ordinary shares of 1.25 pence each in the capital of the Company ("Ordinary Shares") at a price of 10 pence per new
Ordinary Share (the "Placing Price") (the "Fundraise").
The Fundraise will comprise the issue, at the Placing Price, of: · 9,550,000 new Ordinary Shares via a placing (the "Placing Shares") through the Company's broker, Hybridan LLP (the "Placing"); · up to 2,255,000 new Ordinary Shares via a direct subscription (the "Subscription Shares") by certain high net worth individuals (the "Subscription"); · 195,000 new Ordinary Shares via a subscription by certain Directors of the Company (the "Director Subscription"); and · up to 3,000,000 new Ordinary Shares via a retail offering (the "WRAP
Retail Offer") to the Company's existing shareholders, which will be launched shortly, to raise up to £300,000.
In addition, the Company will issue, based on the Placing Price, 576,698 new
Ordinary Shares in lieu of amounts owed to certain Directors from historically deferred salaries (the "Salary Conversion Shares") and 450,000 new Ordinary
Shares to certain advisers to settle amounts due in respect of professional fees (the "Adviser Fee Shares").
As a result of the Fundraise, 1,106,986 warrants over new Ordinary Shares that have been issued to RiverFort Global Opportunities PCC Ltd ("Riverfort") as part of the drawdowns to date under the Equity Prepayment Facility (as announced on 3 August 2023), have had their exercise price rebased to the
Placing Price in accordance with the terms of the agreement entered into at the time of the Equity Prepayment Facility. The Company does not intend to make any further withdrawals pursuant to the Equity Prepayment Facility with
RiverFort.
Use of Proceeds and Cash Preservation
The net proceeds from the Fundraise are intended to be used by the Company to complete Phase 1a clinical studies on its SDC-1801 TYK2/JAK1 inhibitor ("Phase 1a") and, together with the receipt of anticipated R&D tax credits in the amount of £0.7 million which is expected in September 2024, for general working capital purposes.
Furthermore, as part of the Company's ongoing steps to minimise its cash utilisation, in addition to the Salary Conversion, the Directors have agreed to defer a portion of their salaries going forward, so as to ensure the completion of Phase 1a clinical trial can be achieved, with topline data from the trial expected in Q2 2024.
Director Subscription, Salary Conversion and Related Party Transactions
Pursuant to the Director Subscription, Tim Mitchell, CEO, and Clive Birch,
Non-Executive Director, intend to participate in the Fundraise, via direct subscriptions of £5,000 and £4,500 respectivel
Historically good rns 07.00 well that's not appeared yet!!
HOLDINGS PLC. 28 March 2024
Sareum Holdings plc ("Sareum" or the "Company")
WRAP Retail Offer for up to £300,000
Sareum Holdings plc is pleased to announce a retail offer via the Winterflood
Retail Access Platform ("WRAP") to raise up to £300,000 (the "WRAP Retail
Offer") through the issue of new ordinary shares of 1.25 pence each in the capital of the Company ("Ordinary Shares"). Under the WRAP Retail Offer, up to 3,000,000 new Ordinary Shares (the "WRAP Retail Offer Shares") will be made available at a price of 10 pence per new Ordinary Share.
In addition to the WRAP Retail Offer and as announced earlier this morning, the Company is also proposing a fundraise via a placing and subscription of up to 12,000,000 new Ordinary Shares (the "Placing Shares" and, together with the
WRAP Retail Offer Shares, the "New Ordinary Shares") to raise approximately £1,200,000 (before expenses) (the "Placing") at a price of 10 pence per share (the "Placing Price"). Hybridan LLP acted as sole broker to the Placing. The
Placing Price represents a discount of approximately 31 per cent. to the mid-market closing price of an Ordinary Share on 27 March 2024 (being the latest practicable date prior to this announcement). The issue price of the
WRAP Retail Offer Shares is equal to the Placing Price.
A separate announcement has been made regarding the Placing and its terms and sets out the reasons for the Placing and use of proceeds. The proceeds of the WRAP Retail Offer will be utilised in the same way as the proceeds of the
Placing, to complete Phase 1a clinical studies on its SDC-1801 TYK2/JAK1 inhibitor and, together with the receipt of anticipated R&D tax credits in the amount of £0.7m, for general working capital purposes. .
For the avoidance of doubt, the WRAP Retail Offer is not part of the Placing.
Completion of the WRAP Retail Offer is conditional, inter alia, upon the completion of the Placing but completion of the Placing is not conditional on the completion of the WRAP Retail Offer.
The WRAP Retail Offer and the Placing are conditional, inter alia, on the New
Ordinary Shares being admitted to trading on the AIM Market ("AIM") of the
London Stock Exchange plc ("Admission"). It is anticipated that Admission will become effective and that dealings in the New Ordinary Shares will commence on
AIM, at 8:00 a.m. on 5 April 2024.
WRAP Retail Offer
The Company values its retail shareholder base and believes that it is appropriate to provide its existing retail shareholders in the United Kingdom the opportunity to participate in the WRAP Retail Offer.
Therefore, the Company is making the WRAP Retail Offer open to eligible investors in the United Kingdom, being existing shareholders of Sareum, following release of this announcement and through certain financial intermediaries. Existing shareholders can contact their broker or wealth manager to participate in the WRAP Retail Offer.
It drop today or not (rns)
Hope for the best and expect the worse.
Can they deliver, not long now.
Honestly?
I’m not expecting anything good tomorrow.
Lack of clarity on financials get ‘double-whacked’. Notify in advance - boom. Notify on the day - boom.
I bet that we get double whacked by poor planning. Watch…
You really are as thick as mince.
Were you never told to stick in at school. Try and get some sleep, it may get you through tomorrow.
Look after yourself as you don't sound as if you are in a good place.
Good luck for tomorrow everyone even the hood as he needs some rationale.
I think the hood is still within his probation period which may explain the anxiety.
Oh tell me then, Mr Self-Proclaimed Messiah, where is the bottom?
What’s that, you don’t have a scooby?
My money. My choice.
You’ll notice 1 difference. I don’t need to run my narrative to ‘give my family Disney’.
😂
jinky
how ******ed do you have to be, whilst losing money hand over fist on a share, to call the bloke making fortunes on the opposite side of your trade, stupid?
it defies logic. but i get the impression logic isn’t your forte.
rhoa
Meg
If the price drops further and you don’t regret buying at the higher price, then that’s just irrational.
I wonder what your percentage will look like once the placing and warrant dilution has taken place…
Hope you took some profits on those 0.185 buys rather than just blindly holding through the continual downwards death spiral since.
RHOA
Hood, should you be here. You really are as thick as mince.
Were you never told to stick in at school.
You posted here on Monday along the lines of, I am off to Disneyland with my family with the gains from your losses. I looked for the original post but it has been deleted with the other 1000's of your posts. What kind of human being are you. I feel sorry for your family really. I think you may be off to cuckoo land.
Try and look after yourself as I guess that you are not in a good place at the moment.
I doubt I’ll regret that buy. It could go lower but I can buy more. It’s about leverage. If there is a leverage, will my previous ‘cut’ put me back in a better situation than I was before? Almost certainly so. You crack on. I don’t need to run a few accounts, flaunt rules, be duplicitous or a total twunt. I buy when I want, I sell when I want. What others do is up to them. I’m not so shameless that I feel the desire to try to influence people.
My largest tranche last time came at 0.185p, pre-consolidation.
Currently were circa 50% above that, although I prefer to look at % of market cap as a true valuation of shareholding. I’ve bought today but I’m now sitting on the fence before I determine my next move.
A rights offering? I just don't believe it.
my bet is suspension. let RFO or RFO or whatever they are called (or whoever they sold out 2) dump their shares, clean the slate then suspension.
and during that suspension period SAR will finish 1a, take a breather and work out what to do next.
but...we shall see.
Hood, your not even professional in how you come across, your embarrassing at times, the Good Samaritan my ars-
Meg
Think you might regret that buy.
You may not buy shares with cash you can’t afford to lose. Doesn’t mean others are so “sensible”.
You’re right. You can’t buy class. Thankfully, you can buy business class. If anyone is in the lounge at T5 tomorrow morning, give me a shout and we can chew the fat about what a dire investment Sareum is.
HTH
RHOA
‘ sog
take responsibility for your actions and accept that your ramping people into this share has cost them financially. some people have probably lost more than they could afford to. some people are probably suffering significant impacts on their lives as a direct consequence of your terrible advice.
nobody is financially worse off as a result of reading my posts. anyone who has taken heed of what i’ve said is likely to be significant financially better off.
there are some facts for you, jinky.
hth
rhoa’
i will take you to task here.
people buying shares aren’t on their ****. it’s disposable income. i chucked in £5k today.
people that come on and advocate shorting, as you have done, are exposing people to potentially unlimited losses. buying a share limits your losses to your initial exposure.
enjoy your short. enjoy your trip to disney. you can’t buy class.
I love reading Advfn for fun. I love that I/we can live rent free in their heads. So much of their time spent repeating what is said on here. And for the advfn guys. I don't know what is going to happen. I've bought anyway and you know, it might just turn out great. I'm a free rider BTW, like a lot if the LTH so, technically, I will have lost nothing.
SOG
Take responsibility for your actions and accept that your ramping people into this share has cost them financially. Some people have probably lost more than they could afford to. Some people are probably suffering significant impacts on their lives as a direct consequence of your terrible advice.
Nobody is financially worse off as a result of reading my posts. Anyone who has taken heed of what I’ve said is likely to be significant financially better off.
There are some facts for you, Jinky.
HTH
RHOA
Hood.
'I hope you aren’t naive enough to truly believe that by banging on about how amazing the science is, readers won’t buy more shares.'
People still buy whether they read my posts or not.
How many people do you think you have taken your advice and sold and how many have not bought shares to you constant forecast of doom?
You make a statement that Sareum.need to raise money to continue trials.
On reality they only need for phase 1b which is around 6 months.
How can you make such a bold statement then admit you know nothing of the science, ie compounds potential worth and importance of data.
That best laugh of the day. Go and play with your buddies over on ADVN.
You must be their mouthpiece as they are inadequate to post on here.
Night night and be very careful.with that bow and arrow sonny.