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Expect - ‘ nothing less ‘
Hopefully the results RNS is only a couple of weeks away,
then RM has to come out of hiding to give us an update
and confirm our financial status.... It needs to be a comprehensive
outline of exactly where we are, nothing less !
So you can't explain the previous 18 months. That's fine, I don't need anything else.
You sound needy this evening Costas.
Fruits - ok so that explains the last 6 months of keeping quiet, what about the previous 18 months of BS?!
And for the record, my money hasn’t “disappeared”. It remains invested. Odd concept for you but there we have it.
More cash than you want them to have no doubt, Ndyb4.
It's just perplexing though isn't it. Brysoa brings the news of the conference - and we start to feel a little happier. The next day pmjh posts Amanda Horton's tweet which shows the specifics of the poster presentation and we're even happier - hell Professional even apologises to the company. And the sp climbs dramatically, even if part of that rise was down to market-maker shenanigans. Then it's Thursday, the tweet is deleted - Synairgen makes a pitiful Linkedin post, seen by nobody, which instead of showing the data slide revealed the day before takes the reader to the Conference's homepage and then on to the preview paragraph we'd seen 2 days before and nothing substantive, and the ar.se falls out of the sp again. . I guess there are reasons for the nonsense - I guess we can still celebrate the fact that UKHSA has collaborated ( for as Brand says, they are in no sense a commercial lab ) on a new set of ivs - and we can still surmise on the interesting possibilities this may throw up. But the deleted UKHSA tweet makes no sense. It can't be a secret squirrel exercise. The board was up for all the world to see and snap for at least 2 days.Any tom dick or harry could have photographed it and posted it.
And we're left with Synairgen's hamfisted comms team managing yet again to turn a small but genuine nugget into pyrite. Our first tiny sniff of salvation after so long waiting and they've screwed it up.
Secondly, let’s be honest, I don’t really have to ‘try’, this company has collapsed from 240p to 4p, you don’t need to blame other posters on this forum to get the reason why your money has disappeared.
How much cash is left? That’s all that counts at this stage.
Fruitsnveg, can you tell me how much cash they have left?
They will either need to do a partnership, have an offering or get a loan to fund a P2 trial, as they have low cash flow.
Alternatively they could go bankrupt.
How much cash do they have left?
"this company have never managed to unite a successful partnership before"
Incorrect. Try harder.
?
Little boost over the last week when the ISA reset occurred, now traders will sell off for their profit.
There was a nice 100% gain to be had.
Price should fall steadily to 3.5-4p range
But genuine question. How much cash does SNG have?
I’m contemplating that it could be a good speculative gamble when down at 3.5/4p range again.
Entirely depends on the company’s cash flow, they need to do a P2 trial right, but don’t have adequate funding for it, presumably will need to do some form of cash raise to proceed or a partnership. However, correct me if I’m wrong, this company have never managed to unite a successful partnership before?
Reputation risk is very low. They could easily go for the call option. Rich and famous if succesfull because of all the free options.
If it doesnt work out they received a good income and off to the next option
Like I said, it looks most likely to me that they are not at liberty to say, yet. Blanket silence smells of something in the works. I can't see Mankowski or Colliver choosing to join a sinking ship, not from where they came and the opportunities they left behind to take on their new respective SNG roles. But obvs DYOR, which I'm sure you will.
Fruits, that's seven months ago, so what's your interpretation?
A third and more plausible reason imo is because they are not at liberty to say, yet.
New CMO, new CFO, new staff all joining same month -> That isn't a coincidence.
The attitude of the company is either
1) F U to the investors
Or
2) They genuinely believe they are doing everything the correct way.
Both options are incredibly worrying. There is no middle ground it is either 1 or 2.
Look SNG only have ONE asset - its not like AZN that has an RNS every other day almost - so slowly slowly, newsflows; its our turn soon for something big....it works after all! SNG moves slowly but COULD be back v. soon. Happy weekend team
Mani - not sure if your post is directed to myself or someone?
The company have not provided any updates for a long time and that still remains the case.
Dick Marsden will only provide an update because the regulator tells him to publish full year results. He would be hiding in his cave otherwise.
The man who asked for £85m is now camera shy.
A post on LinkedIn is NOT reporting to the market..
It was a poor response in the light of events. If you
do not have a Linked-In account you cannot read
anything posted on there! Synairgen have yet
again shown no respect for their PI's. They knew
about the presentation and should have informed us
exactly what results were being put forward, then
this whole debacle would have been avoided,
and those who were swept up in the mess would
not be nursing a loss! RM is not fit to be a CEO!
Responsibilities to the market regulator are the only reason why Marsden and Co provide an update.
The Stock Exchange will be none too pleased with a member that has a strategy of non-communication risking huge volatility. They encourage controlled dialogue between companies and the market. Suspect Consilium were scrabbling around to silence the UKHSA person and then get a message out on LinkedIn ("Wot's that?" asked Marsden). Note they shied away from Twitter/X where derision seems to follows any of their posts, usually referencing Marsden's £360k early retirement annuity.
This is to be expected. Short term traders will always leap in at a hint of forthcoming positive news. Subsequently, when nothing materialises, they retreat and take their capital elsewhere.
I know of one such retail investor, who has managed to achieve an average profit of £30Kp.a. in recent years, through trading, and with a relatively small capital outlay.
At this point in time, I am regretting my involvement with the AIM market. Too often, the way that these companies treat their investors is nothing short of disgraceful. Perhaps Synairgen may yet surprise us despite the lack of communication about their strategy since last September? Time will tell.
Looks like normal service is resumed, 5p next stop.