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Andy, I can understand your frustrations but Synairgen are a moderately small company within the Pharmacology Sector and do not hold the clout that the multi-billion pound t/o companies hold. There are always going to be delays whilst we have probably the most arrogant, useless and incompetent bunch of fools in UK government, including senior civil servants and so called experts with their own discrimination and faults.
Some of the delay was out of sng's control due to the lockdown and reductions in covid patients requiring hospitalization and treatments. Normally outside a pandemic, clinical trials would take 5 to 7 years to get going, so in some ways Synairgen have punched well above their weight in getting to this stage. I know it's not want you want to hear and we all would like news sooner rather than later but patients and patience is what we need. If you are that unhappy then maybe consider selling at your 15% loss and put it down to experience. Good luck to all and I am sure we shall be updated in due course. Remember if sng001 was no good on Activ, I am sure we would have found out by now. Good luck.
Getting all serious on here again. Good that Jwd222 is back to get us all smiling :)
Andybe4,
Risk is correlated to return. If you want low risk you accept a low return. You buy a goverment bond. If you want a high return you accept the risk, both mitigated and unmitigated, success, failures, delays, warts and all. You seem to believe it's a stock worth owning, but it's not worth the wait. Impatience is a thief.
Andyb I see exactly where you’re coming from and make valid points.
Fortunately for me, I had invested March / April 2020.
I also took part in placing.
I just hope after after all the bureaucracy while all these synthetics get the green light, Synairgen will be fully rewarded.
The upside is 20 a share by may2022 ur laughing ur heads off never be.
Fruits:
Fund raise price 1 year ago = 175.
SP now = 150.
Don’t tell me I haven’t done my research, I wouldn’t have invested 65 grand without doing research.
Had I invested 65k pre phase 2, then I’d be laughing now. But it’s extremely patronising to suggest people ‘haven’t done their research’.
How’s this for research.
1. SPRINTER due to complete July 2021.
2. SPRINTER delayed, to complete in October 2021.
3. SPRINTER delayed, to complete in November 2021.
4. Home trial results show too small a number of participants to show any reasonable benefit, albeit one piece of info was gathered (the most crucial bit of info this far), SNG001 most effective when given to breathless patients.
5. SP plunges on Home trial results.
6. ACTIV2 phase 2 trial on 220 patients, started in January 2021, results not even out yet.
What else is there? There has been nothing substantially positive for a whole year. Hence the SP is lower now than at the fund raise.
Is this stock worth owning? YES.
Has it performed well in the last year? HELL NO.
It’s ok for some investors to get a bit annoyed with the slow rate of progress when they have seen zero returns on their investment in a year, in the midst of a raging pandemic.
Andy,
"literally nothing good has happened in a whole year since the fund raise."
It's obvious from your incessant whinging that you did little to no research - the disappointment you now feel (if it's real) is unjustified and unrealistic. You expected to plough money into a company without considering the realties of how a small no-name biotech would navigate the inevitable massive hurdles in a world-first raging pandemic? More fool you. You expected a 10 bagger on what you 'assumed' would be pay day and damn it if this company doesn't deliver when you expect it to? More fool you. Many of us have been under water here for longer than you've been on this BB. We are prepared to wait, not just for an ROI, but for a therapeutic that may one day save our nearest and dearest. That likelihood is now higher than it's ever been. We don't invest on blind faith, we base our decisions on data. And so far I can't see a gaping hole in that data, if you do feel free to speak up now. Most of us know what we bought into and we knew the very real risks involved (including delays of weeks). My advice to you is to wise up, do a bit more research before you throw your money at something, and if it doesn't meet your exacting time standard or you lack the patience to weather the waves, refrain from investing altogether. You'll be eternally disappointed.
My conclusion is that AndyB is an inbecile.
Andybe4.... actually RM never stated P3 finish would be July.... he specifically went out of his way when he was interviewed to say that anyone who predicts when a trial ends is asking for trouble... because there are just too many variables.
Andy -
"...literally nothing good has happened in a whole year since the fund raise."
Are you being serious?
An Activ 2 trial has been complete.
The P3 is only weeks away from completion.
Plus loads of other stuff with them getting ready for commercialisation.
And you think that is literally nothing?.
You clearly do not understand what is involved in bringing a drug to market.
BigjohnnyWin none of anybody’s business but impressive to know you took a big old tumble and came back strongly.
Ndn, pretty much. Although I only invested what I can afford to lose.
As I’ve said so many times before, the potential upside of Synairgen is HUGE. I believe this company (and SP) could rise 2000% over the course of the next 18 months. However it gets pathetic seeing the same people on here ‘big up’ the share when literally nothing good has happened in a whole year since the fund raise.
That’s the sad truth. Until results come out (let’s hope I can say ‘Wow, that was really worth the wait’), then for those who invested at the fund raise, large amounts, this stock so far is rubbish. I’ve been fortunate to buy in at 92p and 130p also, but not on the level as the initial 50k that I put in at the fund raise.
What price did you buy in at Oak?
Do you not see why someone who spent a lot of money at the fund raise price, could potentially be disappointed with this stock this far, after a whole year of waiting?
Did RM and Synairgen management originally say that the trial will be completed by July 2021? Or are the bbc, Times and Sky articles wrong?
Hopefully RM gets it right this time and the trial completes in November. Third time lucky.
Andybe4. I would reign things in a bit. Oakleaf has contributed to this board for well over 12 months.
Woodie
Ndn, well at least the trials have one positive thing ahead. The fact that there is going to be plenty of Covid cases from now until mid November. We are getting virtually 50k a day now here in UK. So theoretically it should be easy to fill the spaces for participants in the SPRINTER trial.
I wasn't talking about you Bigjonnywin.
Big Johnny
Good luck to you and god bless.
A lovely story and hopefully your investment, just like mine, will make us some more hard earned in the next few months.
Everyone has to consider their own circumstances when investing. Sometimes funds are required for emergencies, etc.
All the best.
Of course I am an investor, I took money off the table after a 350% rise which was prudent and risk averse. At the time I had too much in Synairgen for my comfort levels knowing that it was likely a long wait for further updates and relying on our gov for support was like relying on your dog not eating a chicken breast dropped on the floor. From the £9500 I had in Jan 2020, I put it in Novacyt, then SNG and have since removed nearly £20k from my investments to keep my business functioning during lockdown. I have held sng since March 2020, I have also offered to hold a party at mine with some free drinks after successful phase 3 trials, I have spent hundreds of hours researching sng but I also have to be mindful that having all my savings in shares is a bit scary as I have few other assets. 1987-1988 I was living homeless on the streets of london, so haven't done too bad.
My posting history makes it clear I am an investor, yours makes it clear you are not
Andy, I bought in the 60p's then £11.5k worth at 36.5p just before the announcement of phase 2, sold a third at 220p. Sold and bought on the way up and down to 180p, rebought £35k worth at the fund raise. Sold some and rebought but unfortunately put a lot of that into tiziana and novacyt as they dropped like heavy hailstorms
Oak leaf you a so full of crap, it’s pathetic.
The same guy that thinks that a post on this message board will affect the SP.
Yawn.
Do you even have any shares? I’m presuming you never bought at the fundraise and if you do have shares then you must’ve bought them v cheap and already making a nice tidy profit.
It’s easy for people who bought three years ago to sit comfortably. If you bought at the fund raise then you would be more concerned with all the delays.
Dunk, why would I not sell up?
Simple. I (along with £75m worth of other investors) bought at the FUND RAISE price of 175.
Why on earth would I sell up and make a loss when I believe the SP will go to £15-£20?
So I should hold for 13 solid months, seeing zero return to my investment and then sell 3 months before a potential 1000% gain?
What a dumb thing to say.
Guys, you have to be realists. If you invested at 30p then you’re doing great. But many people invested in Synairgen at 175 or above, in which case we are all losing money. For the majority of shareholders this share has been rubbish so far and we are WAITING patiently for some results or at least a bit of news, since the fund raise over a year ago.
I’m not half empty at all. I am extremely bullish with regards to Synairgens potential. But only an utter muppet would be happy when the trials have taken a lot longer than originally planned. They were scheduled to finish in July 2021. Now scheduled for early 2022. So, the plan is to wait until SPRINTER is finished and hopefully I can pull my money out with a good few 100% profit.
Remember, NOT EVERYONE has invested since the 25p days.
Dunk1973 as RM or as I affectionately like to call him dickie said November, as I am a glass half full, you could potentially see this as only 2 weeks more to go....as Nov is anytime from November the 1st onwards....
Lol Oakleaf
Because he, like many on here at the moment, doesn't have any shares